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Wednesday, October 27, 2021

Global Computer Numerical Control Machines Market to be Driven by Technological Advancement in the Forecast Period of 2021-2026

The new report by Expert Market Research titled, ‘Global Computer Numerical Control Machines Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global computer numerical control machines market, assessing the market based on its segments like machine types, end use, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on request sample report. The sample report shall be delivered to you within 24 hours.

Request a free sample copy in PDF or view the report summary@

The key highlights of the report include:

Market Overview (2016-2026)

  • Historical Market Size (2020): USD 68.4 Billion
  • Forecast CAGR (2021-2026): 7%
  • Forecast Market Size (2026): USD 100 Billion

The increasing need for hassle-free automation and time and cost-saving opportunities by the consumers is driving the computer numerical control machines market. Increase in demand in mass production plants also propels the market growth. They are increasingly deployed in mass production plants, owing to their ability to manufacture high precision parts and components. Growth in need for precision and time effectiveness also aids the market demand owing to surge in need for intricate solid parts manufactured with defined finishing along with operational effectiveness is primarily driving the growth of market. Factors like rapid growth in industrialisation and rapid urbanisation, favourable government initiatives enabling manufacturers to invest in the growing market, rising concerns for cutting operational costs, mitigating human error, technological advancement and early adoption of the technology are also contributing to the market growth.

Explore the full report with the table of contents@

Industry Definition and Major Segments

Computer numerical control system is a method for automated control of machine tools used to process, transform, or control machines or tools. It includes drills, lathes and 3D printers, among others. It employs an already embedded software system in a microcomputer affixed to the control system. The functions to be performed on the mechanising instruments are guided by numerical control.

By machine types, the market is divided into:

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

On the basis of end use, the industry is divided into:

The global markets of computer numerical control system can be divided into:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • The Middle East and Africa

Market Trends

Due to surge in demand for real time information access, manufacturers are increasing the adoption of internet of things (IoT) in their production process, resulting in improving productivity, safety, innovation, production, and reducing time cost. The rising investment in IoT in the manufacturing sector is also contributing to the market. The introduction of new features, such as an application that notifies the status of a machine to the supervisors on their smartphones. These technologies reduce the time required for manufacturing the workpieces and the chances of errors. Development of software and applications allow managers to track the activities carried out on the shop floor by the operators as a result of technological advancements. These facilities enable proactive decision-making by the managers and help improve the productivity of the unit.

Key Market Players

The major players in the market are HEIDENHAIN Corporation, Soft Servo Systems, Inc., Bosch Rexroth AG, Mitsubishi Electric Corporation, FANUC Corporation, Siemens, and Haas Automation, Inc, amongst others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

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Informes de Expertos (, the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.

Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.

Media Contact

Company Name: EMR Inc.
Contact Person: Sofia Williams, Corporate Sales Specialist – U.S.A.
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Country: United States

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.


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