Europe CNC Machine Market Size, Share & Trends Report

Europe CNC Machine Market Size, Share & Trends Analysis Report By Type (Milling, Lathe, Laser), By End Use (Automotive, Industrial, Power & Energy), By Country, And Segment Forecasts, 2019 - 2025

  • Published Date: Jun, 2019
  • Base Year for Estimate: 2018
  • Report ID: GVR-2-68038-905-0
  • Format: Electronic (PDF)
  • Historical Data: 2014 - 2017
  • Number of Pages: 111

Industry Insights

The Europe CNC machine market size was valued at USD 20.6 billion in 2018 and is expected to register a CAGR of 7.1% from 2019 to 2025. The market has witnessed considerable growth owing to increasing demand for computer numerical control (CNC) machines from automotive manufacturers. There is a rising preference for automation since it helps reduce overall operating costs. This, in turn, is expected to drive product demand over the forecast period.

Increasing demand for mass production in the aerospace and defense as well as industrial verticals is encouraging the adoption of automatic machines. The market is further expected to be driven by technological advancements in automation, which have allowed manufacturers to reduce machining time.

Europe CNC machine market

The growing energy sector, particularly in France, is anticipated to drive the market. Need for precision and accuracy in the manufacturing of parts such as turbines and rotor shafts is expected to play a key role. Advancements in wireless technology have enabled computer numerical control machines to be IoT-compatible, providing convenience to users. This, in turn, is expected to drive the market.

Increasing adoption of technology, automation, and computer-aided manufacturing (CAM) and CNC techniques is expected to further increase product demand. Research funding schemes provided by governments in collaboration with universities are encouraging companies undertake R&D activities, subsequently leading to greater prospects for market growth.

On the down side, high purchasing and maintenance costs associated with CNC machines are restraining the growth of the market despite their advantages over traditional variants. Additionally, safety regulations for such equipment, such as a mandatory dry run of the machine, are expected to hinder market growth.

Type Insights

On the basis of type, the Europe computer numerical control market is segmented into lathe, milling, laser, grinding, welding, and winding machines, among others. In 2018, the lathe machines segment dominated the market in terms of revenue as they are widely used in activities such as cutting, drilling, chambering, turning and knurling.

The ability of milling machines to perform operations on slots, gears, shafts, spiral surfaces, and several other curved surfaces is expected to drive their demand over the next few years. Moreover, their use improves the accuracy of machining and aids the process of metal removal.

The winding machine segment is anticipated to contribute significantly to market growth. Their major applications are in industrial sectors that produce motors, transformers, and solenoids. Demand for these is expected to grow remarkably over the forecast period.

End-use Insights

On the basis of end use, the Europe CNC machine market is segmented into automotive, aerospace and defense, construction equipment, power and energy, and industrial, among others. The automotive segment dominated the market in 2018 and was valued at close to USD 4.0 billion that year. Europe is considered to be the automotive hub of the world. Presence of major automotive manufacturers in countries such as Germany, France, Italy, and U.K. is a primary factor influencing the market.

Italy CNC machine market

The power and energy segment is expected to witness a promising growth trajectory from 2019 to 2025 and was valued at USD 3.5 billion in 2018. Growing demand for computer numerical control machines can be attributed to the expanding power and energy sector. CNC machines are capable of producing high-value parts with accuracy and allow the machining of intricate parts without any additional resources.

Regional Insights

Germany generated the highest revenue of USD 7.6 billion in 2018. This growth can be attributed to extensive adoption of automation as well as CAM and CNC techniques. The German government is encouraging companies to undertake R&D activities through collaborations with universities. Moreover, Germany happens to be the largest manufacturer of automobiles in Europe, with more than 5.6 million motor vehicles purchased in 2017.

Italy is expected to register the highest CAGR over the forecast period owing to rising demand for computer numerical control machines from its strong manufacturing industry. The Italian manufacturing industry consists of a few multinational companies as well as high number of SMEs, which is expected to drive the market.

The growth of the France market is attributed to its flourishing energy sector. Parts such as turbines need to be machined with high accuracy. In addition, France has the second-largest railway network in Europe where computer numerical control machines are used for machining various parts, such as steel plate wheels and frames of rail cars.

Europe CNC Machine Market Share Insights

Key players in the market include Amada Machine Tools Co., Ltd.; Amera Seiki; DMG Mori Co., Ltd.; Dalian Machine Tool Group Corporation; FANUC Corporation; Haas Automation, Inc.; Hurco Companies, Inc.; Okuma Corporation; Shenyang Machine Tool Co., Ltd.; and Yamazaki Mazak Corporation.

These players are making investments in new product development to gain a competitive advantage. In May 2016, Amada Machine Tools Co., Ltd. launched Hyper Saw HPSAW-310, a machine that provides high-speed cutting capabilities and enables automation systemization.

In September 2017, DMG Mori Co., Ltd. and FUCHS, a global lubricant manufacturer, formed a partnership for the development of new lubricant solutions and services for machine tool applications. The collaboration was aimed to help both companies in monitoring the condition of machines and tools. In September 2016, DMG Mori Co. Ltd., in partnership with Microsoft Japan, released the CMX V Series vertical mining tool with an improved c-frame design.

Prominent players are emphasizing on collaborating with companies engaged in the manufacturing of advanced systems and components to equip their products with cutting-edge technologies for better combat capabilities. In April 2017, Dalian Machine Tool Group Corporation and Gazdevice set up a joint venture in Moskovskaya Oblast for the manufacturing of high-precision machine tools. The new venture was focused on developing vertical and horizontal machining centers.

Report Scope

Attribute

Details

Base year for estimation

2018

Actual estimates/Historical data

2014 - 2017

Forecast period

2019 - 2025

Market representation

Revenue in USD Billion, Volume in Thousand Units, and CAGR from 2019 to 2025

Country scope

France, Germany, and Italy

Report coverage

Revenue and volume forecast, company ranking, competitive landscape, growth factors, and trends

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Segments Covered in the Report

This report forecasts revenue growth at regional and country levels and provides an analysis of latest industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the Europe CNC machine market report on the basis of type, end use, and country:

  • Type Outlook (Volume, Thousand Units; Revenue, USD Billion, 2014 - 2025)

    • Lathe

    • Milling

    • Laser

    • Grinding

    • Welding

    • Winding

    • Others

  • End-use Outlook (Volume, Thousand Units; Revenue, USD Billion, 2014 - 2025)

    • Automotive

    • Aerospace & Defense

    • Construction Equipment

    • Power & Energy

    • Industrial

    • Others

  • Country Outlook (Volume, Thousand Units; Revenue, USD Billion, 2014 - 2025)

    • Germany

    • Italy

    • France

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