Computer Numerical Control Machines Market Size, Share & Trends Analysis Report By Type (Lathe Machines, Milling Machines, Laser Machines), By End-use (Automotive, Industrial, Construction Equipment), By Region, And Segment Forecasts, 2023 - 2030

Research Methodology

A three-pronged approach was followed for deducing the computer numerical control machines market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for computer numerical control machines market to gather the most reliable and current information possible.

• We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
• We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
• We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
• We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
• We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of computer numerical control machines market data depending on the type of information we’re trying to uncover in our research.

• Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

• Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

• Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

• Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

• Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

• Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

• This step also entails the finalization of the report scope and data representation pattern.

• Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Computer Numerical Control Machines Market Categorization:

The computer numerical control machines market was categorized into three segments, namely type (Lathe Machines, Milling Machines, Laser Machines, Grinding Machines, Welding Machines, Winding Machines), end-use (Automotive, Aerospace & Defense, Construction Equipment, Power & Energy, Industrial), and region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)

Segment Market Methodology:

The computer numerical control machines market was segmented into type, end-use, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

• Demand estimation of each product across countries/regions summed up to from the total market.

• Variable analysis for demand forecast.

• Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

• Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

• Used extensively for new product forecasting or analyzing penetration levels.

• Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

• Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

• This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The computer numerical control machines market was analyzed at a regional level. The globe was divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into eighteen countries, namely, the U.S., Canada, the UK, Germany, France, Italy, Spain, China, India, Japan, Australia, South Korea, Brazil, Mexico, Argentina, UAE, Saudi Arabia, South Africa.

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Computer numerical control machines market companies & financials:

The computer numerical control machines market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

• Amada Machine Tools Co., Ltd. - Amada Machine Tools Co., Ltd. develops and manufactures Metal Cutting Machines, Machines Tools, and Stamping Press Machines. It is a wholly owned subsidiary of Amada Holdings Co., Ltd. The company’s product portfolio includes Metal Cutting Machines, Stamping Press Machines, Band Saw Blades, Multiprocess center, Grinding Machines, and Structural Steel Machines. Additionally, the company proposes solutions for machine & cutting tools problems and provides after sales services to its customers. The company operates in North America, Latin America, Europe, the Middle East & Africa, and Asia Pacific regions. Its strategic initiatives include new product development and mergers & acquisitions for maintaining a foothold in the market. The company’s dedication toward effective R&D has proven to be conducive for the development of new technologies. In addition to CNC machines, the company also manufactures band saw blades and stamping press machines.

• Amera Seiki - Amera Seiki is a manufacturer of machine tools and accessories. The company’s product offerings include Vertical Bridge Mills, Vertical Bridge Gantry Mills, Vertical Turning Lathes, Vertical Machining Centers, Vertical Closed Bridges, Horizontal Machining Centers, Horizontal Boring Machines, CNC Lathes, and Vertical Travelling Column Mills. Additionally, the company provides after sales service across the U.S. and the spare parts are easily available even at local supply stores. The company also sells pre-owned machines that are in good operating condition.

• DMG Mori Co., Ltd. - DMG Mori Co., Ltd. is a manufacturing company involved in the designing and sales of machine tools, such as 5-axis/multi-axis machines, machining centers, lathes, multi-axis machines, ultrasonic machines, milling machines, and laser metal depositions. The company serves sectors such as transportation, healthcare, food, and garments across Asia Pacific, Middle East & Africa, Europe, and the Americas. The company has 12 manufacturing facilities and 30 sales and services offices. The company operates under the brand name DMG along with its sister company, DMG Mori Seiki AG. The company’s CNC machines catalog includes turning, milling, grinding, and laser tools.

• Dalian Machine Tool Group (DMTG) Corporation - Dalian Machine Tool Group Corporation is a global manufacturer of machine tools and components for rail transportation, engineering machinery, oil drilling, automotive, wind power, and other industries. The company has an international distribution and marketing network across 100 countries in North America, Latin America, Europe, the Middle East & Africa, and Asia Pacific. The company’s product portfolio includes machining center, flexible production lines, bridge type machining center, engraving and milling machine, CNC milling and boring center, CNC lathe, CNC milling machine, conventional lathe, and drilling machine.

• Datron AG - Datron AG is engaged in manufacturing CNC machines. The company’s product portfolio includes CNC Milling Machines, Dental CAD/CAM, CNC Milling Tools, and Dispensing System. The company offers its products to various end-use industries such as automotive, aerospace, watch and jewelry, medical technology, and electronics manufacturing, among others. The company also provides accessories for CNC milling machines. The accessories include high-frequency spindles, tool changing systems, cooling/lubrication systems, sensor systems and automation, clamping systems, pneumatic clamping systems, rotary axes, and chip/dust disposal, among others.

• FANUC CORPORATION - FANUC Corporation is a technology company that provides factory automation products globally. Founded in 1972, the company has 30 manufacturing facilities and 263 sales and service offices serving 108 countries in Asia Pacific, the Americas, Europe, Oceania, and South Africa. The company’s subsidiaries include Fanuc America Corporation, Fanuc Deutschland GmbH, Beijing-Fanuc Mechatronics Co., Ltd., Fanuc Oceania Pty. Ltd., and Fanuc México S.A. de C.V. It operates in three business divisions, namely ROBOT, FA, and ROBOMACHINE. The company provides CNC products under its FA division. FANUC Corporation has adopted the focused R&D strategy in an attempt to gain a sustainable competitive advantage and avail long-term growth opportunities.

• Haas Automation, Inc. - Haas Automation, Inc., is a company that designs, and manufactures CNC machine tools. The company manufactures entire line of CNC vertical machining centers, CNC lathes, horizontal machining centers, and rotary products. They also build various specialty machines, mold making centers, 5-axis machining centers, gantry routers, and toolroom machines. The company’s product portfolio includes a range of CNC Verticals, CNC Horizontals, CNC Lathes, and Rotaries & Indexers. Additionally, they have formed a technical forum that provides the customers with information related to programming, tips & tricks, settings & parameters, tools & tooling, and using the control. The company provides after sales services to its customers along with a 24-hour telephonic service.

• Hurco Companies, Inc. - Hurco Companies, Inc. designs, manufactures and sells CNC machine tools across the globe. The core products offered by the company include vertical machining centers and turning centers (lathes). Majority of the machine tools offered by Hurco are integrated with the company’s proprietary software and computer control systems. Additionally, the company produces and distributes software options, control upgrades, replacement parts and hardware accessories for the machine tools sold by them. The company offers CNC machine tools through three brands namely Hurco, Milltronics, and Takumi. The company operates in North America, Europe, and Asia Pacific. It is a public listed company and listed on NASDAQ as OMX HURC. The company caters to customers from aerospace, military, automotive, computers, electronics, energy, medical equipment, and transportation industries.

• Okuma Corporation - Okuma Corporation is a global manufacturer of NC machine tools such as lathes, multitasking machines, machining centers, grinders, CNC controls, FA products, and servo motors among others. The company product portfolio includes vertical CNC lathes, CNC lathes, CNC lathes for horizontal multitasking machines, aluminum wheel applications, vertical multitasking machines, double-column machining centers, machining centers, and turning centers among others. Along with these products, the company offers after sales services and application system technologies to the users. Okuma serves customers across various sectors such as aviation, automotive, wing and solar power generation, shipping, and medical equipment.

• Shenyang Machine Tool Co., Ltd. (SMTCL) - Shenyang Machine Tool Co., Ltd. (SMTCL) is a manufacturer and solution provider of cutting, milling, boring, and drilling solutions across the globe. The company’s key product offerings include turning and milling centers, horizontal and vertical lathes, machining centers, gantry type machining centers, CNC milling and boring machining centers, pipe thread, hub, sucker rod machines, wheelset, axle, differential case, and flexible machining units among others. The company provides products and solutions to various industries such as, aviation, automobile, coal mine machinery, electronics, shipbuilding, rail transport, engineering machinery, and wind energy industry among others.

Value chain-based sizing & forecasting

Supply Side Estimates

• Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

• Segment revenue determination via variable analysis and penetration modeling.

• Competitive benchmarking to identify market leaders and their collective revenue shares.

• Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

• Identifying parent markets and ancillary markets

• Segment penetration analysis to obtain pertinent

• revenue/volume

• Heuristic forecasting with the help of subject matter experts

• Forecasting via variable analysis

Computer Numerical Control Machines Market Report Objectives:

• Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

• Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

• Understanding market estimates and forecasts (with the base year as 2023, historic information from 2018 to 2023, and forecast from 2024 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Computer Numerical Control Machines Market Report Assumptions:

• The report provides market value for the base year 2023 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

• The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

• We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

• All market estimates and forecasts have been validated through primary interviews with the key industry participants.

• Inflation has not been accounted for to estimate and forecast the market.

• Numbers may not add up due to rounding off.

• Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

• Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

• Latin America includes Central American countries and the South American continent

• Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

• Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

• Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.