The computer numerical control (CNC) market is poised for steady growth over the forecast period owing to effective and efficient motion control system solutions offered by CNC machines that provide high-speed and accurate execution of machining processes. CNC machines offer characteristics such as high-data processing capability coupled with high-speed microprocessors to deliver high-precision machining capabilities with integrated safety functions for enhanced productivity. Traditional machines such as lathe machines, routers, shaping machines, and vertical millers, traditionally operated by skilled manpower have been replaced by computer numerical control machines. The efficiency of CNC machines to run uninterrupted is expected to propel the demand for these automated machines. Some examples of CNC machines include embroidery machines, lathes, mills, plasma cutters, and surface grinders.
Increasing consumer demand from the growing middle class and the need for producing & saving energy to cope with the rapidly rising global energy demands are factors expected to drive CNC-based machine tools’ demand. Developing economies such as China, India, and Russia, and Eastern Europe, are expected to fuel overall market growth owing to unprecedented number of reasonably low valued machine tools manufactured in these regions.
High implementation and maintenance costs involved with the CNC machines are expected to hinder market growth. CNC machines also lead to unemployment as machines replace human labor, which is expected to negatively impact the CNC market growth, particularly in developing economies. Solutions offered by the CNC market are used across several industries such as aerospace, consumer products, automobile, defense, electrical & electronics, healthcare, and industrial machinery. Applications of CNC market include forming, grinding, milling, polishing, punching, stamping, turning, woodworking, and other cutting operations.
Key market participants include GSK CNC EQUIPMENT Co. Ltd, Bosch Rexroth AG, Fagor Automation, Fanuc Corporation, Heidenhain GmbH, Mitsubishi Electric Corp., Sieb & Meyer AG, Siemens AG, and Soft Servo Systems.
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