Computer numerical control has transformed the industrial manufacturing and homemade design fields extremely over the past few decades. Evolution of the Internet of Things (IoT) and machine learning technology has led to the growth of applications that notify the status of a machine to operators on their Personal Computers or smartphones.
According to BlueWeave Consulting, the global computer numerical control machine market is projected to exhibit significant growth during 2019-2025. They are utilised for a wide range of applications. Machining processes like milling, drilling, tapping, and boring, which were traditionally done on conventional machine tools, can be done more efficiently with the help of CNC machining centers.
CNC machines have already begun to drop in price and become easier to use and more readily available to the general public. The application of CNC systems has continued to expand into further areas like 3D printing, laser cutting, water-jet, wood, plastics, and glass sectors. Cumulative efforts to cut down on expenses incurred in employing operators for individual machinery is projected to increase the CNC machines market over the forecast period. Moreover, increasing demand for mass production plants in several sectors including defense and intelligence, electronics and automobiles are driving the expansion in the computer numerical control (CNC) market.
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Global Computer Numerical Control (CNC) Machine Market: Competitive Landscape
Companies such as Signify N.V., Huawei Technologies Co., Citelium S.A, Echelon Corporation, Koninklijke Philips N.V, Osram AG, Cisco System Inc., Triliant Holdings Inc., Hubbell Lighting, Telensa Ltd., Twilight Citelum S.A., Flashnet SRL, Led Roadway Lighting Ltd, and Silver Springs Network Inc. are the leading players of Computer Numerical Control (CNC) Machine market across the globe.
Among type, CNC Lathe machine segment holds the largest market share of the global computer numerical control (CNC) market during the forecast period
The type segment in the global computer numerical control (CNC) machine market led by lathe machines and projected to lead the market throughout the forecast period due to the increasing availability of multi-axis machine variants. Benefits like the ease of operation and their countless applications are intensifying their adoption across the globe. CNC lathes machine are rapidly replacing some of the older and more traditionally used production lathes due to technological advancement.
The Automotive Industry is expected to be the most lucrative segment of global computer numerical control (CNC) machine market
Rising demand from automobile makers for mass production of work pieces at negligible time and expenses is projected to increase the demand for these products over the forecast period. CNC machining is used for cutting a wide range of interior and exterior components like carpets, door sections, and chassis. The healthcare sector utilizes CNC machines for various purposes such as machining transplant constituents for medical instruments.
Europe is projected to be the fastest growing region of global computer numerical control (CNC) machine market during the forecast period
Global computer numerical control (CNC) machine market by region can be sub-divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific is expected to be the most lucrative region for computer numerical control market in the coming years. The growth is majorly attributed to the growing industrialization, government initiatives, and growing demand for an automobile in this region. Europe is the fastest growing region throughout the forecast period.
Table of Contents
Chapter: 1. Research Framework
Chapter: 2. Research Methodology
Chapter: 3. Executive Summary
Chapter: 4. Industry Insights
Chapter: 5. Global Computer Numerical Control (CNC) Machine Market Overview
Chapter: 6. North America Computer Numerical Control (CNC) Machine Market
Chapter: 7. Europe Computer Numerical Control (CNC) Machine Market
Chapter: 8. Asia Pacific Computer Numerical Control (CNC) Machine Market
Chapter: 9. Latin America Computer Numerical Control (CNC) Machine Market
Chapter: 10. Middle East & Africa Computer Numerical Control (CNC) Machine Market
Detailed Analysis of Table of Contents (TOC)@
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