The latest report by IMARC Group, titled “Computer Numerical Control (CNC) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, offers a comprehensive analysis of the industry, which comprises insights on the global computer numerical control (CNC) market report. The report also includes competitor and regional analysis, and contemporary advancements in the market. 

The global computer numerical control (CNC) market size reached US$ 81.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 115.6 Billion by 2028, exhibiting a growth rate (CAGR) of 5.9% during 2023-2028.

Global Computer Numerical Control Market Overview:

Computer Numerical Control (CNC) is a technology employed in manufacturing processes where computers control various machinery and tools, including lathes, mills, routers, and grinders. In a CNC system, a design is programmed into the computer, which then controls the corresponding machinery to execute precise cuts, movements, and other operations. There are several types of CNC machines, ranging from CNC milling machines, CNC lathes, to CNC plasma cutters and electrical discharge machines (EDMs).

These automated systems increase the efficiency and accuracy of manufacturing processes, offering advantages, such as precise control, consistency, and high repeatability. Additionally, CNC machines enable manufacturers can make complicated forms that are nearly hard to make by hand machining. Overall, the technology serves as a crucial innovation for modern manufacturing, reducing human error, minimizing waste, and enhancing productivity.

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Global Computer Numerical Control Market Trends:

The global market is majorly driven by the escalating demand for mass production and automation across industries, such as automotive, aerospace, and healthcare. Along with this, advances in technology, including the integration of IoT and AI in CNC systems, are facilitating real-time monitoring and adjustments, thereby providing a boost to operational efficiencies. In addition, the adoption of multi-axis CNC machines that offer advanced capabilities, including 3D cutting and engraving is adding impetus to market growth.

Furthermore, there is a shift towards energy-efficient CNC machines to comply with stringent environmental regulations, creating new avenues for market expansion. Apart from this, the declining cost of computing power has also made CNC systems more accessible to small and medium enterprises, thus broadening the market scope. Moreover, these drivers signify a robust expansion of the global CNC market, reinforced by technological advancements, a widening application base, and a growing emphasis on sustainability and efficiency.

Explore the Full Report with Charts, Table of Contents, and List of Figures: https://www.imarcgroup.com/computer-numerical-control-market

Competitive Landscape with Key Players:

  • Mondragon Corporation
  • GSK CNC Equipment Co., Ltd.
  • Soft Servo Systems, Inc.
  • Johannes Heidenhain GmbH
  • Bosch Rexroth AG
  • Siemens AG
  • Sandvik AB
  • Haas Automation, Inc.
  • Mitsubishi Electric Corporation
  • FANUC Corporation.

Breakup by Machine Type:

  • Lathe Machines
  • Milling Machines
  • Laser Machines
  • Grinding Machines
  • Welding Machines
  • Winding Machines
  • Others

Breakup by End Use Industry:

  • Aerospace and Defense
  • Automobile
  • Electronics
  • Healthcare
  • Others

Breakup by Region

  • North America
  • Asia Pacific
  • Europe
  • The Middle East and Africa
  • Latin America.

Key Highlights of the Report:

  • Market Performance 
  • Market Outlook 
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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