Computer Numerical Control Machines Market Size, Share & Trends Analysis Report By Type (Laser Machines, Milling Machines, Laser Machines), By End Use, By Region, And Segment Forecasts, 2022 - 2030

Report Overview

The global computer numerical control machines market size was valued at USD 56.40 billion in 2021 and is expected to expand a compound annual growth rate (CAGR) of 10.2% from 2022 to 2030. The demand for computer numerical control (CNC) machines is estimated to reach over 2800 thousand units by 2030. The increasing demand for semiconductor production equipment, medical devices and Electric Vehicles (EV), and telecom communication devices is the primary factor expected to drive the market growth over the forecast period. Also, the growing demand for five-axis mill machines and ultra-precision machines required to address the needs for EV productions are anticipated to drive the growth.

The CNC machine market recovered well in 2021 due to increased machine orders across the industries, notably from Europe, Asia Pacific, and North America. In 2021, the market recorded positive growth owing to the pent-up demand and backlog orders resulting from the pandemic. This trend will continue over the short term to meet backlogs from 2020. However, the worldwide shortage of semiconductors and rising steel prices & logistics costs are expected to hinder the sales revenues of OEMs, a trend that is expected to continue till 2023.

Automated CNC systems integrated with industrial robots featuring simulation software to increase production is expected to favor the growth of the Computer Numerical Control (CNC) machines market over the forecast period. One of the primary reasons for adopting automated CNC machines is to address the lack of skilled laborers challenges that most industries are currently facing. This enables manufacturing industries to increase their efficiency and maximize the production output. To address this demand, incumbents in this space, such as Fanuc Corporation and OKAMA America Corporation, emphasize integrating new technologies with the existing product portfolio.

For instance, in March 2021, Fanuc America Corporation, a subsidiary of Fanuc Corporation, upgraded its CNC product portfolio by integrating the Quick and Simple Startup of Robotization (QSSR) G-code feature with ss. The company provides enhanced CNC machines that machine operators and tool builders to program the robots more efficiently through this integration. Similarly, in August 2021, Made4CNC ApS, one of the CNC manufacturers based in Denmark, launched a new Safedoor SD100, an automated door opener for CNC machines. The product integrates easily with collaborative robots and offers greater convenience for tending machine operations.

Rising raw material prices and a looming shortage of semiconductors used in CNC machines are expected to pose challenges for the market. In such market conditions, the demand for used CNC machines is expected to increase, hampering the market growth of new CNC machines. The trend is likely to continue over the forecast period. In the long term, the average unit prices of CNC machines are expected to increase with fluctuations in raw material prices.

Type Insights

The CNC lathe machines segment accounted for USD 16.11 billion in 2021 and is expected to register a CAGR exceeding 10% over the forecast period. Growing demand for CNC lathe machines from the automotive sector to manufacturer customized parts such as cylinder heads, starter motors, gearboxes, and other prototyping applications are expected to drive market growth over the next mid-term. Furthermore, technological advancements in existing CNC lathe systems with new features used for various applications are expected to bode well for the market growth. For instance, in February 2021, Citizen Machinery Co., Ltd launched Cincom L32 XII, a Sliding Headstock Type Automatic CNC Lathe machine that features an automatic tool changer. The features enable to perform complex shapes machining such as implants used in medical treatment and perform multiple functions simultaneously.

The CNC laser machines demand is expected to surpass over 650 thousand units by 2030, registering a CAGR of 9.0% over the forecast period. The increasing demand for CNC laser cutting machines by semiconductor manufacturing companies to address ongoing semiconductor shortages across the industries is expected to drive the segment growth over the forecast period. Additionally, the rising popularity of CNC fiber laser cutting machines in kitchenware and sheet metal processing industries is expected to bode well for market growth over the coming years.

End-use Insights

The end-use segment is further categorized into automotive, aerospace & defense, construction equipment, power & energy, industrial, and others. The industrial segment accounted for more than one-fourth of the market share in 2021 and is projected to reach over 30 billion by 2030. The industrial segment is inclusive of general manufacturing industries that include packaging, electronics, medical, and other general industries. Increasing demand for fully automated and turnkey CNC machines to ramp up production to meet backlogs from 2020 is expected to drive growth over the forecast period.

The surge in EV sales coupled with the increase in demand for the processing of ultra-precision parts for EVs is expected to bode well for the growth of the automotive segment over the forecast period. The demand for customized automotive components such as crankshafts, cylinder heads, motor pumps is expected to further support the market growth. In light of these factors, the need for CNC machines in the automotive segment is expected to reach over USD 25 billion in 2030.

Regional Insights

The Asia Pacific region accounted for more than 35% of the overall market share in 2021 and is expected to remain at the top spot over the forecast period. The CNC machines sales to reach 800 thousand units in 2022 and will be double by 2030. The market demand is attributed to the surge in manufacturing outsourcing services for industrial equipment, the abundance of low-cost raw materials, and low operational costs that drive the demand for manufacturing outsourcing, thereby increasing the number of CNC machines sales over the forecast period.

Europe is expected to register a 9% CAGR over the forecast period. The growth is driven by Germany, Italy, France, and Central and Eastern European countries. Shortage of labor prompting metalworking companies to increase their investment in automation to enhance the efficiency of their CNC machines is expected to drive market growth over the next few years.

Key Companies & Market Share Insights

The CNC machines market is turning out to be competitive. The market is characterized by a few established manufacturers and several small-scale regional manufacturers. The incumbents such as Fanuc Corporation, DMG Mori Co. Ltd, and Okama are investing aggressively in R&D efforts to introduce new, innovative, high-precision machine tools and enter into different application segments as part of the efforts to retain the existing customers while attracting new ones.

Fluctuating raw materials prices and supply chain disruption are some of the short-term challenges experienced by OEMs. Moreover, these fluctuations increase the operational costs for manufacturers relying on a limited number of suppliers and force them to price their products at prices exceeding those quoted by their competitors, thereby putting them at a competitive disadvantage. Some of the prominent players operating in the global computer numerical control machines market are:

• Dalian Machine Tool Group (DMTG) Corporation

• Haas Automation, Inc.

• Okuma Corporation

• Fanuc Corporation

• Datron AG

• Amada Co., Ltd.

• Amera Seiki

• DMG Mori

• Shenyang Machine Tool Co., Ltd. (SMTCL)

• Hurco Companies, Inc.

• Yamazaki Mazak Corporation

Computer Numerical Control Machines Market Report Scope

Segments Covered in the Report

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global computer numerical control machines market report based on type, end-use, and region:

• Type Outlook (Volume, Thousand Units; Revenue, USD Billion, 2018 - 2030)

  • Lathe Machines

  • Milling Machines

  • Laser Machines

  • Grinding Machines

  • Welding Machines

  • Winding Machines

  • Others

• End-use Outlook (Revenue, USD Billion, 2018 - 2030)

  • Automotive

  • Aerospace & Defense

  • Construction Equipment

  • Power & Energy

  • Industrial

  • Others

• Regional Outlook (Volume, Thousand Units; Revenue, USD Billion, 2018 - 2030)

  • North America

    • U.S.

    • Canada

  • Europe

    • France

    • Germany

    • Italy

    • Rest of Europe

  • Asia Pacific

    • China

    • Japan

    • India

    • Rest of Asia Pacific

  • Latin America

    • Mexico

    • Rest of Latin America

  • MEA