Computer numerical control machines market is anticipated to grow at a CAGR of 13.1% during the forecast period (2024-2031). The market growth is attributed to the increasing adoption of computer numerical control (CNC) machines to automate manufacturing processes. Human error and labor expenses can be decreased by using computer numerical control equipment, which can perform complex jobs with high precision and consistency. These devices can operate constantly, 24/7, significantly increasing productivity and efficiency across a range of sectors, including electronics, automotive, and aerospace and others.

Market Dynamics

Increasing integration of automation and robotics

CNC machines and robots are programmed to perform specific tasks with consistent accuracy and repeatability. CNC robot is any advanced equipment designed solely for machining purposes. Such equipment handles different projects on its own by following programmed protocols. In most cases, these robots do not require any input from an operator. CNC robotics offers increased automation advantages in manufacturing, ensuring mass production and delivery of high-quality parts for various industries. Additionally, components can be made precisely to specifications using CNC machining. In robotics, manufacturing precision is very important, as high-performing robot development depends on dimensional accuracy. 

Increasing demand for advanced material processing 

Technological developments in CNC machining have also made it easier to process sophisticated materials like superalloys, composites, and ceramics. Considering their specific qualities, these materials present difficulties, but CNC machines outfitted with specialized tools and slicing methods can now precisely operate with these materials. Innovative applications in the automotive, aerospace, and medical sectors have become possible as a result of this development of capabilities. Additionally, CNC machines eliminate the possibility of human error, continuously meet quality standards, and produce parts with incredibly high precision. As long as they receive regular supplies of raw materials and new innovative tools, they can produce parts constantly.

Market Segmentation

Our in-depth analysis of the global computer numerical control machines market includes the following segments by type and end-users:

• Based on type, the market is sub-segmented into lathe machines, milling machines, laser machines, grinding machines, welding machines and others (winding machines).

• Based on end-user, the market is sub-segmented into automotive, aerospace & defense, construction equipment, power & energy, industrial and others (metals & mining).

Lathe Machines is Projected to Emerge as the Largest Segment

Based on the type, the global computer numerical control machines market is sub-segmented into lathe machines, milling machines, laser machines, grinding machines, welding machines and others (winding machines). Among these, lathe machines sub-segment is expected to hold the largest share of the market. The primary factor supporting the segment's growth includes the growing adoption of lathe machines in the automotive sector. The increasing uses of lathe machines to manufacture customized parts like cylinder heads, gearboxes, and starter motors, and for prototyping applications. For instance, in June 2022, Okuma America Corp. launched VT1000EX Vertical Lathe. Owing to its extremely rigid mechanical construction, powerful thrust, and torque, the VT1000EX, which boasts the highest machining capability in its class, opens up new productivity possibilities.

Industrial Sub-segment to Hold a Considerable Market Share

Based on end users, the global computer numerical control machines market is sub-segmented into automotive, aerospace & defense, construction equipment, power & energy, industrial and others (metals & mining). Among these, industrial sub-segment is expected to hold a considerable share of the market. The growing emergence of Industry 4.0 has led to a growth in the need for precisely manufactured parts for automated machines and robotics. These parts can be produced with a high degree of accuracy using CNC machining, which ensures the machines' smooth operation. Additionally, The manufacturing sectors of packaging, electronics, medical, and other industries are included in the industrial category to clear production backlogs, there is an increasing need for fully automated and turnkey CNC machines.

Regional Outlook

The global computer numerical control machines market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America). 

An Increasing Adoption of CNC Machining in Asia-Pacific

• Rising demand for CNC machines in the construction equipment industry for advanced machining solutions owing to adaptability and capacity to create precise components necessary for the production of construction equipment, CNC machines are proving to be useful instruments in the region.

• The increasing adoption of CNC machinery in the mining industry. The industry's growing emphasis is on enhancing the precision and productivity of operational operations. The use of CNC machines to streamline production processes is growing as mining operations continue to change.

Global Computer Numerical Control Machines Market Growth by Region 2024-2031

North America Holds Major Market Share

Among all the regions, North America holds a significant share owing to the presence of an enormous number of providers offering computer numerical control machines. The market growth is attributed to increasing digitalization and connectivity, as manufacturers integrate digital technologies like cloud computing, IoT, and data analytics into CNC systems to improve equipment efficiency in industrial sector. For instance, in September 2022, Bantam Tools, the desktop CNC manufacturer introduced a new desktop CNC machine, the Bantam Tools Explorer™ CNC Milling Machine. Bantam Tools now offers two CNC machines such as its flagship Bantam Tools Desktop CNC milling machine, which has some exciting new improvements, and now a new smaller, portable and powerful Bantam Tools Explorer™ CNC milling machine.

Market Players Outlook

*Note: Major Players Sorted in No Particular Order.

The major companies serving the global computer numerical control machines market include Mitsubishi Electric Corp., ROMI S.A., Siemens AG, SiTime Corp., and Sodick Inc., among others. The market players are increasingly focusing on business expansion and product development by applying strategies such as collaborations, mergers, and acquisitions to stay competitive in the market. For instance,

• In April 2023, Mitsubishi Electric Corp. partnered with SolidCAM, in innovative CAM software for CNC machining and distribution of related digital manufacturing solutions. The partnership agreement establishes the brand as a one-stop solution for the machine tool end-users. Mitsubishi Electric offers an advanced CNC control system to take the machining needs of customers to a higher performance level.

• In August 2023, Okuma America Corp. introduced Next-Generation CNC (computer numeric control) machine tools. The new control – the Okuma OSP-P500 – is the recent innovation within its OSP control line. Leveraging the OSP-P500 is designed to enhance user experiences and fully optimize modern manufacturing operations.

• In September 2023, DMG MORI CO., LTD. acquired 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. DMG MORI intends to strengthen its offensive in the aerospace, energy and heavy machinery industries, where demand for CNC horizontal boring and milling machines is expected to increase.

• In February 2021, SVEZA introduced a New CNC machine with programmed numerical control at its mill in St. Petersburg. The new equipment is capable of producing parts of any given configuration from large-format plywood sheets with a thickness of up to 100 mm and a weight of up to 200 kg.

The Report Covers

• Market value data analysis of 2023 and forecast to 2031.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global computer numerical control machines market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.