— CNC machines are computer numerical control machine which have pioneered the manufacturing industry across various heavy equipment factory models such as metals, construction, automotive and energy. The market has seen tremendous growth due to reduce labor costs and increased efficiency with computer controlled automation.
The global CNC turning market is expected to reach a market capitalization of $100.86 billion by the year 2025, with a growth of CAGR of 7.0% for the forecast period 2019 - 2025.
Falcon Machine Tools (CHEVALIER)
Frejoth International Ltd.
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The CNC turning machines market is segmented based upon type, machine type, end use and region.
Based upon type, the CNC Turning Machine is categorized as
Spindle Orientation: Horizontal
Spindle Orientation: Vertical
Based upon machine type, the CNC Turning Machine is categorized as
Based upon end use, the CNC Turning Machine is categorized as
Power & Energy
Aerospace & Defense
Based upon region, the CNC Turning Machine is categorized as
North America (United States of America, Canada, Mexico)
Europe (Germany, France, UK, Italy, Russia, Spain)
Asia Pacific (China, Japan, Korea, India, Australia, New Zealand)
Middle East & Africa
North America is the market leader in terms of demand and revenue in CNC Turning Machine. The region has presence of world class industrial technology and relies heavily upon automation. Automotive, Metal and Construction Industry are other major booster for CNC Turning market in the region.
Europe is the next major market for CNC Turning Machines. Heavily organized manufacturers and superior technology and infrastructure are some major reasons for the growth of CNC turning machine in the region. The region has high demand for automotive, electronic automation.
Asia Pacific is expected to grow at the highest rate. The region has a high population density and high demand for steel products. Improved manufacturing infrastructure and technological development in metal, automotive and steel industry are leading the growth pattern in the region.
A high disposable income and rapid urbanization are other major factors contributing to the growth of CNC turning machines in the region.
Use of milling tools are some new technology introduced in the market. The use of Poly-Crystalline Diamond (PCD) tool and the use of solid carbide tool are some new innovation in the sector. The new tools provide increase in efficiency and dynamic versatility while sustained performance in operations. The new inducted tools also offer increased durability, high resistance to high temperature and pressure and have also enabled improved industrial performances like reduced noise, vibrations and wear.
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Table Of Content:
1 Market Overview
2 Global Market Competition by Manufacturers
3 Global Capacity, Production, Revenue (Value) by Region (2013-2018)
4 Global Supply (Production), Consumption, Export, Import by Region (2013-2018)
5 Global Production, Revenue (Value), Price Trend by Type
6 Global Market Analysis by Application
7 Global Manufacturers Profiles/Analysis
8 Manufacturing Cost Analysis
9 Industrial Chain, Sourcing Strategy and Downstream Buyers
10 Marketing Strategy Analysis, Distributors/Traders
11 Market Effect Factors Analysis
12 Global Market Forecast (2018-2025)
13 Research Findings and Conclusion
Name: Norah Trent
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