The Computer Numerical Control Market was valued at $14.5 billion globally in 2018, and it is anticipated to increase at a CAGR of 5.9% from 2019 to 2026 to reach $22.90 billion.
A completely automated option for computer-controlled metalworking tools is a computer numerical control (CNC) machine. Due to the advantages it provides across numerous end-user industry verticals, including the automotive and manufacturing industries, this machine serves as a vital asset in the machine tools sector. The rise in automated manufacturing usage, particularly in the automotive and industrial sectors, is a major driver anticipated to support the expansion of the global computer numerical control (CNC) market.
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The lathe segment dominated the computer numerical control market share in 2018, however, mills segment is projected to exhibit highest growth rate of 7.1% during the forecast period of 2019 to 2026. CNC milling machines are majorly applicable in in 3D printing and computer-aided designing (CAD). Rise in penetration of advanced CNC mills known as multi-axis machines, which offer several benefits including reduction of human labor, provision of an enhanced surface finish, and manufacture of complex shapes are anticipated to drive the growth of CNC market for mills segment in upcoming years.
The adoption of Industry 4.0 principles is revolutionizing CNC manufacturing. Integration with the Industrial Internet of Things (IIoT) and data analytics is enhancing real-time monitoring, predictive maintenance, and process optimization. CNC machines are becoming smarter and more interconnected, improving efficiency and reducing downtime.
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CNC machines are now capable of working with a broader range of materials, including composites, ceramics, and exotic metals. This trend is expanding the application of CNC in industries such as aerospace and healthcare, where precision and customization are critical. CNC automation is on the rise, with the integration of robotics and autonomous systems. This not only improves production speed but also addresses labor shortages and reduces human error. Collaborative robots (cobots) are increasingly working alongside human operators in CNC manufacturing.
Environmental concerns are driving CNC manufacturing towards greener practices. CNC machines are being optimized for energy efficiency, and there is a growing emphasis on waste reduction and recycling in CNC processes.
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The global computer numerical control market analysis includes some of the key market players such as Bosch Rexroth AG, Dalian Machine Tool Group Corporation (DMTG), Fagor Automation, FANUC Corporation, HAAS Automation, Inc., Heidenhain Corporation, Hurco Companies, Inc., Mitsubishi Electric Corporation, Okuma Corporation, Sandvik AB, and Soft Servo Systems Inc.
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