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CNC Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Global Computer Numerical Control (CNC) Market Analysis & Trends and it is Segmented by Machine Type (Lathe Machine, Miller Machine, Laser, Welding Machine, and Winding Machine), End User (Automotive, Industrial, Power and Energy, and Aerospace and Defense), and Geography.

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Computer Numerical Controls (CNC) Market Size

Computer Numerical Controls (CNC) Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 100.78 Billion
Market Size (2029) USD 146.65 Billion
CAGR (2024 - 2029) 7.79 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Medium

Major Players

Computer Numerical Controls (CNC) Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Computer Numerical Controls (CNC) Market with other markets in Technology, Media and Telecom Industry

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Computer Numerical Controls (CNC) Market Analysis

The Computer Numerical Controls Market size is estimated at USD 100.78 billion in 2024, and is expected to reach USD 146.65 billion by 2029, growing at a CAGR of 7.79% during the forecast period (2024-2029).

The increase in demand for productions efficiency will drive the market in the forecast period.

  • There is an increasing demand for production efficiency, as these computer numerical control machines streamline many operational processes by reducing production time and minimizing human error.
  • Also, a highly competitive market has compelled players to focus on efficient manufacturing techniques. They are trying to gain a competitive advantage by redesigning their facilities, which include CNC machines. Apart from this, the integration of 3D printing with CNC machines is a unique addition to some of the new production units, which is expected to offer better multi-material capability, with little resource wastage.
  • The growing demand for automated manufacturing in the industrial sector has resulted in the increasing usage of CNC machines. Also, the establishment of manufacturing facilities in Asia-Pacific has spurred the usage of computer numerical controls in the sector.
  • On the other hand, the automotive sector is set to be a rapidly developing one in the coming years, mainly due to the increasing rate of automated automobile manufacturing.
  • Also, rising concerns over global warming and depleting energy reserves have led to the production of alternative sources of power, such as solar and water, among various others, which are further promoting market growth. CNC machines are also actively used in power generation, as this process requires wide-scale automation.

Computer Numerical Controls (CNC) Market Trends

This section covers the major market trends shaping the Computer Numerical Controls Market according to our research experts:

Growing Demand for Automated Manufacturing in the Industrial Sector

  • Growing demand for automated manufacturing in the industrial sector has resulted in the increasing uptake of CNC machines. Also, the establishment of manufacturing facilities in the Asia Pacific has also spurred the usage of computer numerical controls in this sector.
  • CNC machines are also actively used in power generation, as this process requires wide-scale automation.
  • In the automotive sector, CNC plays a vital role recently. From die-casting similar components to crafting unibody frames, CNC tools and machines are solely responsible for a large number of parts present in modern vehicles.
  • In fact, carburetor housings, suspension components, axles, bearing caps as well as engine housings are all manufactured using CNC machines. Acrylic/PMMA machining for headlights, exterior lights as well as interior lights are another paradigm on how numerical control machining is being utilized when components are being made in the automotive sector. The automotive sector is set to be the rapidly developing segment in the coming years mainly due to the increasing rate of automated automobile manufacturing.
Projected Autonomous Vehicle Penetration, in %, Global, 2021 - 2030

Asia-Pacific Holds the Largest Share in the Computer Numerical Controls Market

  • Developing economies, such as China and India, have been witnessing rapid growth in terms of industrialization, thereby driving the market. The automotive sector is expected to grow significantly during the forecast period, owing to the rising demand for automobiles in the region.
  • The easy availability of labor and the declining prices of components have resulted in manufacturers shifting their production units in this region, which is further promoting the market. nearness to the supply and demand region is among the critical factor that drives the adoption in this region.
  • Moreover, the establishment of manufacturing facilities in the Asia Pacific has spurred the usage of computer numerical controls in this sector. On the other hand, the automotive industry is set to be a rapidly developing segment in the coming years, mainly due to the increasing rate of automated automobile manufacturing. Increased efficiency, time effectiveness, and precision & accuracy provided across metalworking industries such as the automobile and manufacturing industries are expected to drive the CNC market.
Computer Numerical Controls (CNC) Market - Growth Rate by Region (2019 - 2024)

Computer Numerical Controls (CNC) Industry Overview

The major players include Hurco Companies Inc., Protomatic Inc., Metal Craft, AMS Micromedical LLC, JTEKT Corporation, Haas Automation, Fanuc Corporation, Siemens AG, DMG Mori Seiki Co., and others. The market concentration is expected to be moderate because there is no competition among the players. The accompanying software and its operability on industrial systems are of critical importance for the selection of these systems and is among the major strategy of the market vendors for innovations.

  • April 2019 - Simens launched a new version of the software tool for planning and simulating automation networks on the market. Sinetplam V2.0 supports the plant planner, builders, and operators of the automation system. The company plans to showcase its new features which integrate into the digital planning and engineering workflow, at the Hannover Messe 2019.
  • May 2018 - Bonsai, the AI startup, and Siemens deployed Artificial Intelligence on a real-world machine in a test environment that marked the first time deep reinforcement learning had been successfully applied to auto-calibrate real-world computer numerical control (CNC) machines. Siemens experts trained an AI model, using Bonsai's AI platform, to auto-calibrate a CNC machine more than 30 times faster than an expert human operator.

Computer Numerical Controls (CNC) Market Leaders

  1. Siemens AG

  2. JTEKT Corporation

  3. Hurco Companies Inc

  4. Haas Automation, Inc.

  5. Fanuc Corporation

*Disclaimer: Major Players sorted in no particular order

Computer Numerical Controls (CNC) Market Concentration
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Computer Numerical Controls (CNC) Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Introduction to Market Drivers and Restraints

    3. 4.3 Market Drivers

      1. 4.3.1 Growing Demand for Production Efficiency

      2. 4.3.2 Increasing Demand for Customized Production

    4. 4.4 Market Restraints

      1. 4.4.1 High Costs Associated with Installation and Maintenance

    5. 4.5 Industry Value Chain Analysis

    6. 4.6 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.6.1 Threat of New Entrants

      2. 4.6.2 Bargaining Power of Buyers/Consumers

      3. 4.6.3 Bargaining Power of Suppliers

      4. 4.6.4 Threat of Substitute Products

      5. 4.6.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Machine Type

      1. 5.1.1 Lathe Machine

      2. 5.1.2 Miller Machine

      3. 5.1.3 Laser

      4. 5.1.4 Welding Machine

      5. 5.1.5 Winding Machine

      6. 5.1.6 Other Machine Types

    2. 5.2 By End Users

      1. 5.2.1 Automotive

      2. 5.2.2 Industrial

      3. 5.2.3 Power and Energy

      4. 5.2.4 Aerospace and Defense

      5. 5.2.5 Other End Users

    3. 5.3 By Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

      2. 5.3.2 Europe

        1. 5.3.2.1 United Kingdom

        2. 5.3.2.2 Germany

        3. 5.3.2.3 France

        4. 5.3.2.4 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Australia

        5. 5.3.3.5 Rest of Asia-Pacific

      4. 5.3.4 Latin America

      5. 5.3.5 Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Hurco Companies Inc.

      2. 6.1.2 Protomatic Inc.

      3. 6.1.3 Metal Craft

      4. 6.1.4 AMS Micromedical LLC

      5. 6.1.5 JTEKT Corporation

      6. 6.1.6 Haas Automation

      7. 6.1.7 Fanuc Corporation

      8. 6.1.8 Dr. Johannes Heidenhain GmbH

      9. 6.1.9 Siemens AG

      10. 6.1.10 DMG Mori Seiki Co.

      11. 6.1.11 Takisawa Machine Tool Co. Ltd

    2. *List Not Exhaustive

  7. 7. INVESTMENT ANALYSIS

  8. 8. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Computer Numerical Controls (CNC) Industry Segmentation

Computer numerical control (CNC) machining is the process through which computers control machine-based processes in manufacturing. The kinds of machines controlled include lathes, mills, routers, and grinders all of which are used for the manufacturing of metal and plastic products. Applications are in automotive. oil and gas, aerospace and defense, and others.

By Machine Type
Lathe Machine
Miller Machine
Laser
Welding Machine
Winding Machine
Other Machine Types
By End Users
Automotive
Industrial
Power and Energy
Aerospace and Defense
Other End Users
By Geography
North America
United States
Canada
Europe
United Kingdom
Germany
France
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
Rest of Asia-Pacific
Latin America
Middle-East and Africa
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Computer Numerical Controls (CNC) Market Research FAQs

The Computer Numerical Controls (CNC) Market size is expected to reach USD 100.78 billion in 2024 and grow at a CAGR of 7.79% to reach USD 146.65 billion by 2029.

In 2024, the Computer Numerical Controls (CNC) Market size is expected to reach USD 100.78 billion.

Siemens AG, JTEKT Corporation, Hurco Companies Inc, Haas Automation, Inc. and Fanuc Corporation are the major companies operating in the Computer Numerical Controls (CNC) Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the Asia Pacific accounts for the largest market share in Computer Numerical Controls (CNC) Market.

In 2023, the Computer Numerical Controls (CNC) Market size was estimated at USD 93.50 billion. The report covers the Computer Numerical Controls (CNC) Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Computer Numerical Controls (CNC) Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

CNC Machine Industry Report

Statistics for the 2024 CNC Machine market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. CNC Machine analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

CNC Machine Market Report Snapshots

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CNC Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)