Global 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,- Industry Analysis, Share, Growth, Regional Outlook and Forecasts, 2024-2033

Computer Numerical Control Machines Market Size and Research

The global computer numerical control machines market size was exhibited at USD 66.95 billion in 2023 and is projected to hit around USD 168.97 billion by 2033, growing at a CAGR of 9.7% during the forecast period 2024 to 2033.

Computer Numerical Control Machines Market Key Takeaways:

• Based on type, the CNC lathe machines segment accounted for largest market share of over 28.0% in 2023.
• The CNC milling machines demand is expected to register highest CAGR of nearly 12.0% over forecast period.
• The industrial segment accounted for largest market share of approximately 26.0% in 2023.
• Moreover, the automotive sector is expected to register highest CAGR of nearly 12.0% over the forecast period.
• The CNC machines market in North America accounted for a market share of 14.5% in 2023.

Report Scope of Computer Numerical Control Machines Market

The widespread adoption of computer numerical control (CNC) machines can be attributed owing to their ability to automate manufacturing processes. Computer numerical control machines can execute complex tasks with high precision and consistency, reducing human error and labor costs. These machines can work continuously, 24/7, significantly improving productivity and efficiency in various industries, such as automotive, aerospace, and electronics.

The CNC machines market recovered well in 2023 due to increased machine orders across industries, especially from North America. Asia Pacific, and Europe. In 2023, the market recorded positive growth owing to the pent-up demand and backlog orders resulting from the pandemic. Furthermore, technological advancements are expected to drive the growth of CNC machines. These machines are becoming more sophisticated, incorporating features such as multi-axis capabilities, improved spindle speeds, advanced tooling options, and real-time monitoring systems. The integration of Internet of Things (IoT) technology and Artificial Intelligence (AI) further enhances their capabilities, enabling predictive maintenance, adaptive machining, and data-driven optimizations.

One significant restraint is the substantial initial investment needed to acquire and establish these advanced manufacturing systems. CNC machines entail significant costs for procurement, installation, and training, creating a financial barrier that can impede their adoption, particularly among Small and Medium-sized Enterprises (SMEs) with constrained budgets. The high capital expenditure associated with CNC machines may restrict their widespread utilization in specific industries or regions.

Additionally, computer numerical control machines market is anticipated to face challenges due to the escalation of raw material prices and an impending shortage of semiconductors used in these machines. The market conditions are expected to drive an increase in demand for used CNC machines, thereby impeding the growth of the market for new CNC machines. This trend is projected to persist throughout the forecast period. Over the long term, fluctuations in raw material prices are expected to result in an upward trend in the average unit prices of CNC machines.

According to Grand View Research analysis the demand for computer numerical control machines is estimated to reach over 2,800 thousand units by 2033. The computer numerical control machines market growth is anticipated to be fueled by the rising demand for semiconductor production equipment, Electric Vehicles (EV), medical devices, and telecom communication devices. Additionally, the increasing need for five-axis mill machines and ultra-precision machines to cater to the requirements of EV manufacturing is expected to drive further growth.

The computer numerical control machines market is anticipated to experience growth in the forecast period, driven by the integration of automated CNC systems with industrial robots and simulation software to enhance production. The adoption of automated CNC machines is primarily motivated by the need to overcome the challenges posed by the scarcity of skilled labor in various industries. This enables manufacturing sectors to improve efficiency and maximize production output. To meet this demand, key players in the industry, such as Fanuc Corporation and OKAMA America Corporation, are focused on integrating new technologies into their existing product portfolios.

For instance, in March 2021, FANUC America Corporation announced to upgrade its CNC portfolio by integrating the rapid as well as Simple Startup of Robotization (QSSR) G-code feature with ss. The company delivers improved computer numerical control machines that machine operators and tool builders to program the robots more efficiently through this integration. Likewise, in August 2021, Made4CNC ApS, announced the launch of a an automated door opener for CNC machines named Safedoor SD100. Safedoor SD100 integrates easily with collaborative robots and offers greater convenience for tending machine operations.

Computer Numerical Control Machines Market By Type Insights

Based on type, the CNC lathe machines segment accounted for largest market share of over 28.0% in 2023. The segment growth of CNC lathe machines is anticipated to be fuelled by the increasing demand from the automotive sector. This demand is driven by the need to manufacture customized parts like cylinder heads, gearboxes, starter motors, and for prototyping applications. Additionally, the segment is expected to benefit from technological advancements in existing CNC lathe systems. The incorporation of new features to cater to diverse applications is expected to contribute positively to the segment growth.

The CNC milling machines demand is expected to register highest CAGR of nearly 12.0% over forecast period. The global growth of milling machines can be attributed to factors such as the growing emphasis on industrial automation and advancements in technology. The emergence of Industry 4.0 and the integration of advanced technologies like artificial intelligence, machine learning, and robotics have transformed milling machines into intelligent and efficient tools capable of executing intricate tasks. Automation reduces the need for human intervention, leading to increased productivity, enhanced accuracy, and seamless integration within manufacturing processes.

Computer Numerical Control Machines Market By End-use Insights

The industrial segment accounted for largest market share of approximately 26.0% in 2023. The industrial sector's adoption of CNC machines is driven by the aim to achieve greater automation and improved efficiency. These machines can execute intricate manufacturing tasks with minimal human intervention, resulting in heightened productivity and reduced production times. Moreover, the industrial segment encompasses various manufacturing industries such as packaging, electronics, medical, and others. The growing demand for fully automated and turnkey CNC machines, aimed at addressing production backlogs from 2020, is expected to drive segment growth over the forecast period.

Moreover, the automotive sector is expected to register highest CAGR of nearly 12.0% over the forecast period. The automotive sector has consistently been a pioneer in technological advancements, driven by the pursuit of precision, efficiency, and innovation. The growing popularity of electric vehicles (EVs) and the rising demand for processing ultra-precision parts for EVs are anticipated to positively impact the growth of the automotive segment. The increasing demand for customized automotive components like crankshafts, cylinder heads, and motor pumps is also expected to contribute to market growth. Consequently, the automotive sector's requirement for CNC machines is anticipated to drive the segment's growth over the forecast period.

Computer Numerical Control Machines Market By Regional Insights

The CNC machines market in North America accounted for a market share of 14.5% in 2023.This growth is driven by CNC machine's increasing need for advanced machining solutions to meet the demands of evolving operations. The demand for CNC machines in North America is due to the emphasis on precision and efficiency in metalworking processes within the mining industry.

U.S. CNC Machines Market Trends

The U.S. CNC machines market is experiencing significant growth, driven by various technological advancements, economic factors, and industrial shifts. Digitalization and connectivity are driving factors in the CNC machines market, with manufacturers incorporating digital technologies such as cloud computing, IoT, and data analytics into CNC systems to enhance equipment effectiveness.

Europe CNC Machines Market Trends

The CNC machines market in Europe holds a market share of 31.8% in 2023. The demand for the CNC machine region is driven due to growing technological advancements in the manufacturing sector. Besides, continuous innovation and research have led to the development of cutting-edge CNC machines with enhanced capabilities. The growth is driven by Germany, Italy, France, and Central and Eastern European countries.

The CNC machines market in Germany is projected to grow at a CAGR of 9.2% from 2024 to 2033. The ongoing technological advancement within the German automotive industry is encouraging automotive manufacturers towards the integration of CNC machines, as they prove to be indispensable tools in meeting the increasing demand for sophisticated and precisely crafted automotive components.

UK CNC machines market is driven by the increasing adoption of CNC machines by the mining sector. This adoption is driven by the industry's rising focus on improving the productivity and accuracy of operational processes. As mining operations continue to evolve, there is a rise in the reliance on CNC machines to optimize production processes. The overarching trend of incorporating CNC technology into mining operations aligns with the broader global shift towards automation, as companies seek cost-effective and operationally efficient solutions.

The CNC machines market in France witnessing considerable growth from 2024 to 2033. In France, the growing energy sector is driving the demand for CNC machines. CNC machines play a critical role in manufacturing parts and components for the power sector and the oil & gas industry. Parts, such as turbines for power plants and wind farms, need to be machined with very high accuracy and precision.

Asia Pacific CNC Machines Market Trends

The CNC machines market in Asia Pacific was valued at USD 25.7 billion in 2023. The region has witnessed significant technological advancements, which have contributed to the proliferation of CNC machines. The demand is ascribed to the surge in manufacturing outsourcing services for industrial equipment, low operational costs, and the abundance of low-cost raw materials that drive the demand for manufacturing outsourcing, thereby increasing the number of CNC machine sales in upcoming years. Furthermore, the region has experienced rapid industrialization and a substantial expansion of the manufacturing sector.

China CNC machines market is projected to grow at a CAGR of 6.3% from 2024 to 2033. The China CNC machines is experiencing developments within the construction equipment industry, characterized by a discernible increase in the application of CNC machines. This shift is driven by the rising need for advanced machining solutions within the construction equipment sector. CNC machines are proving to be valuable tools due to their versatility and ability to produce precision components essential for manufacturing construction equipment. The efficiency offered by CNC machines aligns with the sector's focus on improving the quality and reliability of construction machinery.

The CNC machines market in India is driven by to increasing demand for customized and specialized components in the power generation and energy sector. The ability of CNC machines to develop intricate designs and produce high-precision parts aligns with the industry's need for tailored solutions.

Japan CNC machines market is increasing due to the rising emphasis on efficiency in production processes within the Aerospace and defense sector in Japan. CNC machines contribute by streamlining manufacturing operations, thereby responding to the increasing demands for innovation and reliability of products developed for aerospace and defense sector.

MEA CNC Machines Market Trends

The CNC machines market in the Middle East and Africa (MEA) region is anticipated to reach USD 9.23 billion by 2033. The rising adoption of CNC machines in the mining industry is fuelled by the need for enhanced productivity and accuracy in metal fabrication processes. As mining operations continue to expand, there is a growing reliance on CNC machines to streamline production, minimize errors, and improve overall output.

Saudi Arabia CNC machines market is driven by the growing mining industry in the country. The expanding mining activities in Saudi Arabia have increased the adoption of advanced technologies to enhance operational efficiency and precision in metalworking processes. Furthermore, the government initiatives to boost the manufacturing sector, such as the Saudi Vision 2033 program, have encouraged investments in technology and automation, including CNC machines.

Computer Numerical Control Machines Market Recent Developments

• In September 2023, DMG MORI CO., LTD. announced the acquisition of KURAKI, a CNC machine manufacturer. Through the acquisition former company aims to expand the demand for CNC horizontal boring as well as milling machines by incorporating digitalization and automation technologies.
  
  
• In August 2023, OKUMA Corporation launched an next-generation machine control - Okuma OSP-P500. The product is equipped with dual-core computer processors that deliver improved levels of machine processing power. It is also equipped with Digital Twin Technology, which allows high-precision machining simulations to be produced on a computer.
  
  
• In April 2023, Mitsubishi Electric India CNC partnered with SolidCAM, a Computer Aided Manufacturing (CAM) software provider. Through the partnership, SolidCAM deliver a range of machining solutions which involves high-speed roughing as well as finishing for several industries, such as Medical, Die & Mold, Auto & Aerospace parts, Machine Element parts, among others.
  
  
• In July 2023, DMG Mori Co. Ltd., announced the establishment of its new subsidiary “WALC Inc.” to enhance the manufacturing sector's digital transformation through the development of cutting-edge AI, IoT, and cloud computing technology.

Some of the prominent players in the global computer numerical control machines market include:

• AMADA MACHINERY CO., LTD.
• Amera Seiki
• DMG MORI CO., LTD.
• General Technology Group Dalian Machine Tool Corporation
• DATRON AG
• FANUC CORPORATION
• Haas Automation, Inc
• Hurco Companies, Inc.
• Mitsubishi Electric Corporation
• OKUMA Corporation
• Shenyang Machine Tool Part Co., Ltd.
• YAMAZAKI MAZAK CORPORATION.

Segments Covered in the Report

This report forecasts revenue growth at country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Nova one advisor, Inc. has segmented the global computer numerical control machines market

Type

• Lathe Machines
• Milling Machines
• Laser Machines
• Grinding Machines
• Welding Machines
• Winding Machines
• Others

End-use

• Automotive
• Aerospace & Defense
• Construction Equipment
• Power & Energy
• Industrial
• Others

Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa (MEA)