How big is the Computer Numerical Controls (CNC) Market?

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. Read More

What is the current Computer Numerical Controls (CNC) Market size?

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

Who are the key players in Computer Numerical Controls (CNC) Market?

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. Read More

Which is the fastest growing region in Computer Numerical Controls (CNC) Market?

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

Which region has the biggest share in Computer Numerical Controls (CNC) Market?

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

What years does this Computer Numerical Controls (CNC) Market cover, and what was the market size in 2023?

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. Read More

Computer Numerical Controls (CNC) Market Trends

Statistics for the 2023 & 2024 Computer Numerical Controls (CNC) market trends, created by Mordor Intelligence™ Industry Reports. Computer Numerical Controls (CNC) trend report includes a market forecast to 2029 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

Market Trends of Computer Numerical Controls (CNC) Industry

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

Understand The Key Trends Shaping This Market

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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.