Latin America Computer Numerical Control Machines Market Size & Outlook
Latin America Computer Numerical Control Machines Market, 2017-2030 (US$M)
Global Market
Related Markets
Latin America computer numerical control machines market highlights
- The Latin America computer numerical control machines market generated a revenue of USD 4,388.3 million in 2023.
- The market is expected to grow at a CAGR of 6.7% from 2024 to 2030.
- In terms of segment, lathe machines was the largest revenue generating type in 2023.
- Milling Machines is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 4,388.3 million |
| Market revenue in 2030 | USD 6,907.3 million |
| Growth rate | 6.7% (CAGR from 2023 to 2030) |
| Largest segment | Lathe machines |
| Fastest growing segment | Milling Machines |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Lathe Machines, Milling Machines, Laser Machines, Grinding Machines, Welding Machines, Winding Machines |
| Key market players worldwide | AMADA Co Ltd, Amera-Seiki, Dmg Mori Co Ltd, General Technology Group Dalian Machine Tool Co., Datron AG, Fanuc Corp, Haas Automation, Hurco Companies Inc, Mitsubishi Electric Corp, Okuma Corp, Yamazaki Mazak |
Other key industry trends
- In terms of revenue, Latin America region accounted for 6.6% of the global computer numerical control machines market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 60,794.0 million by 2030.
The growth in Latin American region is attributed to its emerging economies Brazil, Mexico, and Argentina. These nations account for more than 80% of the growth in the manufacturing sector.
The manufacturing sector in the Latin American region has highest potential for automation and innovation and the government is promoting research and development by funding several organizations in the segment.
The demand for metal cutting and forming tools in Mexico is anticipated to grow at a significant pace owing to the increase in automotive industries and several other manufacturing hubs in the country. The huge potential for companies to establish business and minimum market access barriers by the government is expected to boost establishment of new companies in Mexico.
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Computer Numerical Control Machines Market Scope
Computer Numerical Control Machines Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Mitsubishi Electric Corp | View profile | 149,134 | Tokyo Building, 2-7-3, Marunouchi, Chiyoda-ku, Tokyo, Japan, 100-8310 | www.mitsubishielectric.com |
| Fanuc Corp | View profile | 11,532 | 3580, Shibokusa, Oshino-mura, Minamitsuru-gun, Yamanashi, Japan, 401-0597 | www.fanuc.co.jp |
| Dmg Mori Co Ltd | View profile | 13,484 | 2-35-16 Meieki, Nakamura-ku, Aichi, Nagoya City, Japan, 450-0002 | www.dmgmori.co.jp |
| AMADA Co Ltd | View profile | 8,958 | 200, Ishida, Kanagawa Prefecture, Isehara, Japan, 259-1196 | www.amada.co.jp |
| Okuma Corp | View profile | 4,289 | 5-25-1 Shimo-Oguchi, Ohguchi-cho Niwa-gun, Aichi, Japan, 480-0193 | www.okuma.co.jp |
| Hurco Companies Inc | View profile | 716 | One Technology Way, Indianapolis, IN, United States, 46268 | www.hurco.com |
| Datron AG | View profile | 251-500 | Milford, New Hampshire, United States, North America | www.datron.de/ |
| General Technology Group Dalian Machine Tool Co. | View profile | 5001-10000 | Dalian, Zhejiang, China, Asia | www.dmtg.com/ |
| Amera-Seiki | View profile | 1-10 | Texas, South Carolina, United States, North America | www.ameraseikicnc.com |
| Haas Automation | View profile | 1001-5000 | Oxnard, California, United States, North America | haascnc.com |
Latin America Computer Numerical Control Machines Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Computer Numerical Control Machines Market Outlook will help companies and investors design strategic landscapes.
Lathe Machines was the largest segment with a revenue share of 28.19% in 2023.
Horizon Databook has segmented the Latin America computer numerical control machines market based on lathe machines, milling machines, laser machines, grinding machines, welding machines, winding machines covering the revenue growth of each sub-segment from 2017 to 2030.
The growth in Latin American region is attributed to its emerging economies Brazil, Mexico, and Argentina. These nations account for more than 80% of the growth in the manufacturing sector.
The manufacturing sector in the Latin American region has highest potential for automation and innovation and the government is promoting research and development by funding several organizations in the segment.
The demand for metal cutting and forming tools in Mexico is anticipated to grow at a significant pace owing to the increase in automotive industries and several other manufacturing hubs in the country. The huge potential for companies to establish business and minimum market access barriers by the government is expected to boost establishment of new companies in Mexico.
- Latin America Computer Numerical Control Machines Market Type Outlook (Revenue, USD Million , 2017-2030)
- Lathe Machines
- Milling Machines
- Laser Machines
- Grinding Machines
- Welding Machines
- Winding Machines
- Others
- Latin America Computer Numerical Control Machines Market End-use Outlook (Revenue, USD Million , 2017-2030)
- Automotive
- Aerospace & Defense
- Construction Equipment
- Power & Energy
- Industrial
- Others
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America Computer Numerical Control Machines Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Latin America Computer Numerical Control Machines Market Outlook from 2017 to 2030, including revenue numbers, major trends, and company profiles.
Latin America Computer Numerical Control Machines Market, 2017-2030 (US$M)
Latin America computer numerical control machines market statistics, by type, 2017-2030 (US$M)
