The global computer numerical control machines market was valued at USD 59.9 billion in 2022, which is expected to reach USD 133.4 billion by 2030, progressing with a CAGR of 10.5% during 2022–2030. The growth is propelled by the rise in the demand for semiconductors, healthcare devices, telecommunication devices, and electric vehicles (EVs) worldwide. Furthermore, the need to lower operating costs, enhanced efficiency, and minimized component errors is contributing to this trend. The market's growth is also significantly propelled by the user-friendly nature of these automated routers, lathes, winders, welders, mills, grinders, and lasers.
Moreover, Industry 4.0, also known as smart industry, revolves around automation. Unlike the previous Industrial Revolution (3.0), which utilized technology to boost productivity, Industry 4.0 leverages technology and efficient processes on intelligent platforms. This includes the integration of the internet of things (IoT), particularly the industrial internet of things (IIoT); artificial intelligence, and machine learning to enhance and expand the manufacturing sector.
The incorporation of computer-aided manufacturing (CAM) and CNC machinery enables the reduction of manufacturing time, while ensuring the production of high-quality components without defects.
The lathe machines category holds the largest market share globally due to the cost-effectiveness and efficiency of these machines in handling fast and straightforward tasks. The technical advancements in contemporary CNC lathe systems include higher accuracy, more-extensive automation, easier integration, sophisticated tooling and tool management, adaptive machining, connectivity and data management, and improved human–machine interfaces, which make them ideal for a number of applications. These developments have led to an increase in performance, accuracy, efficiency, and adaptability, which will make these systems even more prominent in industries in the coming years.
Besides this, CNC laser machines enable electronics companies to meet the continuous semiconductor shortage in a number of industries. In addition, the market size is expected to increase as a result of the growing use of CNC fiber laser cutting equipment for sheet metal processing. In the advertising industry, these machines are frequently used to produce precise signage, 3D models, promotional products, and individualized displays and for engraving and cutting. They make it possible for advertisers to efficiently and precisely produce complex designs, prototypes, and personalized goods. Other industries utilizing these machines are fitness equipment and kitchenware.
The industrial machinery end user category accounted for the largest market share, of 30%, in the year 2022. The demand for this equipment is rising in various general manufacturing sectors, such as electronics, packaging, and communication devices, to enhance the productivity, quality, accuracy, and other aspects of the manufacturing process.
Moreover, the aerospace & defense sector is contributing considerably to the growth of the market, due to its dependence on the precise and accurate designing of products, which is enabled high-quality manufacturing processes; and to meet the demand for mass production due to the increasing government expenditure in it globally.
The dominance of the APAC region on the market is due to the expanding scale of industrialization. This is escalating the demand for manufacturing automation in the automotive, construction equipment, medical devices, and power & energy sectors. The wide usage of different CNC machines, such as lathes, mills, grinders, welders, and winders, in the industrial machinery sector will further increase the market revenue in the APAC region.
The forecast period will also be characterized by the substantial industry growth in the European region, due to the rising demand for these machines in the major regional economies, such as the U.K., Germany, France, and Spain. In these countries, the automotive, oil & gas, and aerospace & defense sectors contribute significantly to the growth.
Some of the key players are AMADA CO. LTD., DN Solutions, FANUC CORPORATION, General Technology Group Dalian Machine Tool Corporation (DMTG), Haas Automation, Inc., Hitachi, Ltd., Hurco Companies Inc., HYUNDAI WIA, JTEKT Corporation, Mitsubishi Heavy Industries Ltd., Okuma Corporation, Siemens AG, TRUMPF, and Yamazaki Mazak Corporation.