Report Ocean has released a market research report on the CNC Metal Cutting Machine industry, covering 150+ countries and analyzing over 1,00000 published and forthcoming reports per year. The report, prepared by subject matter experts, researchers, and market research professionals, utilizes various methodologies and analytical approaches, including S.W.O.T. and P.E.S.T.E.L. analysis and regression analysis, to forecast market growth. It also examines the industry’s regulations and policies and potential future advancements.
The global CNC metal cutting market size was US$ 55,351.07 million in 2021. The global CNC metal cutting market size is forecast to reach US$ 84,364.4 million by 2030, growing at a compound annual growth rate (CAGR) of 4.3% during the forecast period from 2022 to 2030.
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The CNC acronym stands for Computer Numerical Control. It means an automated system is running a program (normally G-code), not a human operator. A metal cutting machine is a high-precision machine that makes repeated movements using computer control, such as custom fabrication work. CNC metal cutting machines achieve meticulous precision using computer-generated codes. These machines are highly customizable, making them suitable for use in various manufacturing facilities. CNC metal machines can work on iron, copper, aluminum, stainless steel, mold steel, MDF sheets, PMMA, PVC Sheet, ABS sheet, KT sheet, timber, gemstones, marble, plastics, etc.
Factors Influencing Market Growth
- The surge in demand for efficient and accurate metal cutting machines drives the global CNC metal cutting machine market.
- The increase in investments in defense and aerospace manufacturing due to changing economic and power dynamics contribute to the global market growth.
- A high initial cost could slow down the overall market growth.
- A rise in the global population and an increase in purchasing power of the masses in developing countries have led to a rise in the demand for automobiles, therefore increasing the use of CNC metal cutting machines in the automotive industry. Thus, offering lucrative opportunities for the global market.
Impact Analysis of COVID-19
The COVID-19 pandemic had negatively impacted the global CNC metal cutting machine market growth. Several countries have imposed lockdowns to combat the spread of COVID-19, which has also hampered the aerospace & defense, shipbuilding, construction, and automobile industries, which rely on CNC metal cutting machines to manufacture diverse parts and components. In addition, the lack of raw material has also impacted the market as the production of the CNC metal cutting machine market.
Regional Insights
The Asia Pacific region dominates the market with the highest share of the market. Across the region, an increase in metal cutting plants is responsible for the growth in the area. Most of the market’s major players have operations in the Asia Pacific, which dominates the CNC metal cutting machine market. China is the largest consumer of machine tools, which further boosts the market potential. Additionally, the region has experienced substantial growth in the oil and gas, automotive, and railway industries, resulting in a change in global market size.
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Leading Competitors
The leading prominent companies profiled in the global CNC metal cutting machine market are:
- Amada Holdings Co., Limited
- Coherent, Incorporated
- DMG MORI CO., Limited
- Hurco Companies, Incorporated
- Komatsu Limited
- Lincoln Electric Holdings, Incorporated
- Maschinenfabrik Berthold Hermle AG
- Okuma Corporation
- TRUMPF GmbH + Co. KG
- Yamazaki Mazak Corporation
- Other Prominent Players
Report Include:
- Market Behavior/ Level of Risk and Opportunity
- End Industry Behavior/ Opportunity Assessment
- Expected Industry Recovery Timeline
Scope of the Report
The global CNC metal cutting machine market segmentation focuses on Product Type, End-User, and Region.
Segmentation based on Product Type
- Machining Centers
- Lathe Machines
- Gear Cutting Machines
- Laser Cutting Machines
- Others
Segmentation based on End-User
- Automobile
- Aerospace & defense
- Electronics
- Power & Energy
- Others
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Segmentation based on Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
What our reviews offer:
- Market share assessments for the regional and country-level segments
- Strategic hints for the new entrants
- Covers market facts for 2023, until 2031
- Market tendencies (drivers, opportunities, threats, challenges, funding opportunities, and recommendations)
- Strategic pointers in key enterprise segments based totally on the market estimations
- Competitive landscaping mapping the key frequent trends
- Company profiling with specified strategies, financials, and current developments
- Supply chain tendencies mapping the modern day technological advancements
CNC Metal Cutting Machine Market Research Report Scenario includes:
>The report provides qualitative and quantitative trends of global CNC Metal Cutting Machine Market across type, type of products, service, and geography.
>The report starts with the key takeaways, highlighting the key trends and outlook of the global CNC Metal Cutting Machine Market.
>Provides the research methodology of the study.
>Further provides PEST analysis for each region.
>Highlights the key industry dynamics in the CNC Metal Cutting Machine Market, including factors that are driving the market, prevailing deterrent, potential opportunities as well as future trends. Impact analysis of these drivers and restraints is also covered in this section.
>Discusses the global CNC Metal Cutting Machine Market scenario, in terms of historical market revenues, and forecast till the year 2031.
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