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The computer numerical control solutions market is projected to grow by USD 8.13 billion with a CAGR of 6.85% during the forecast period 2021 to 2026.
The research report provides valuable insights into the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the market segmentation by end-user (automotive, aerospace, industrial machinery, and others), solution (servo drives, servo motors, and controllers), and geography (APAC, North America, Europe, South America, and the Middle East and Africa). The computer numerical control (CNC) solutions market report also offers information on several market vendors, including Delta Electronics Inc., DMG MORI Co Ltd, DR JOHANNES HEIDENHAIN GmbH, FANUC Corp., Haas Automation Inc., Hurco Companies Inc., KEBA AG, Makino Milling Machine Co. Ltd., Micromatic Machine Tools Pvt. Ltd., Minitech Machinery Corp., Mitsubishi Electric Corp., MONDRAGON Corp., NUM AG, Okuma Corp., Robert Bosch GmbH, Rockwell Automation Inc., Sandvik AB, Siemens AG, SIEB & MEYER AG, and Yaskawa Electric Corp. among others.
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Based on our research output, there has been a neutral impact on the market growth during and post-COVID-19 era. The increased use of servo-based systems in industries is notably driving the market growth, although factors such as the growing second-hand machine market may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on the computer numerical control solutions industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key CNC Solutions Market Driver
The increased use of servo-based systems in industries is one of the key drivers supporting the computer numerical control (CNC) solutions market growth. CNC systems eliminate manual errors and reduce production time, thus enabling the consistent manufacture of reliable and precise final products. Using CNC machines, manufacturing processes can be carefully controlled and manipulated to maintain quality. Automation is a valuable resource when it comes to manufacturing large volumes of components or parts. However, it is not very useful for low-volume production where the tooling and operating costs can often outweigh the overall cost of the finished product. Thus, the incorporation of automation technology is expected to drive the market during the forecast period.
Key CNC Solutions Market Trend
The application and integration of artificial intelligence and systems are one of the key computer numerical control (CNC) solutions market trends contributing to market growth. Vendors are integrating AI solutions in CNC machines for robotic applications. For instance, in December 2021, Siemens expanded its offering for the digital-native control platform, SINUMERIK ONE, and added the new numerical control unit (NCU) 1740 hardware that complements the existing NCUs 1750 and 1760, as well as the panel processing unit (PPU) 1740, thus expanding its use in modular machines. Due to the new software application, SINUMERIK ONE can also be used for robotic applications. This is expected to drive the growth of the market during the forecast period.
Key CNC Solutions Market Challenge
The growing second-hand machine market is one of the factors hampering the computer numerical control (CNC) solutions market's growth. It has been observed that many Asian manufacturers are eager to buy second-hand European automated machinery that is available at low prices. With the use of second-hand machines, manufacturers can control their capital investments. This is because these machines are available at very low prices. Small manufacturers find it difficult to buy new European machines because of market price fluctuations. Once refurbished and reconditioned, these machines become as good as new. Thus, the growing second-hand machine market will impact the demand for new equipment, which will negatively impact the growth of the market.
This market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global computer numerical control (CNC) solutions market as a part of the global industrial machinery market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the market encompasses successful business strategies deployed by the key vendors. The market is fragmented, and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.
The vendor profiles are designed to help clients improve their market position, and information on production and sustainability with this report provides a detailed analysis of several leading Companies.
Our In-house experts produce extensive information on the value chain and parent market of the computer numerical control solutions market, which vendors can leverage to gain a competitive advantage during the forecast period. The Value Chain information provides an end-to-end understanding of product insight and profit and also the optimization and evaluation of business strategies The players across the value chain includes selective data and analysis from entire research findings as per the scope of the report.
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48% of the market’s growth will originate from APAC during the forecast period. China, Japan, and South Korea are the key markets for computer numerical control solutions in APAC. Market growth in this region will be faster than the growth of the market in other regions.
Augmented manufacturing activities will facilitate the market's growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID-19 Impact and Recovery Analysis
The outbreak of COVID-19 had a mixed impact on the regional market. Moreover, owing to the COVID-19-induced lockdowns, there was an unmet demand for CNC solutions from industries due to supply chain disruptions, which is expected to hinder the growth of the regional market during the forecast period.
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The market share growth in the automotive segment will be significant during the forecast period. In September 2021, Siemens unveiled the new-generation CNC system to produce electric drive housings for the BMW plant in Austria. The new-generation SINUMERIK ONE CNC system offers digital solutions to increase productivity in automobile manufacturing units. Thus, the growing demand for digital solutions in the automotive manufacturing industry is expected to significantly drive the demand for CNC solutions during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the market size and actionable market insights on the post-COVID-19 impact on each segment.
Computer Numerical Control Solutions Market Scope |
|
Report Coverage |
Details |
Page number |
155 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.85% |
Market growth 2022-2026 |
$8.13 billion |
Market structure |
Fragmented |
YoY growth (%) |
5.52 |
Regional analysis |
APAC, North America, Europe, South America, and the Middle East and Africa |
Performing market contribution |
APAC at 48% |
Key consumer countries |
US, China, Japan, South Korea, and Germany |
Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
Key companies profiled |
Delta Electronics Inc., DMG MORI Co Ltd, DR JOHANNES HEIDENHAIN GmbH, FANUC Corp., Haas Automation Inc., Hurco Companies Inc., KEBA AG, Makino Milling Machine Co. Ltd., Micromatic Machine Tools Pvt. Ltd., Minitech Machinery Corp., Mitsubishi Electric Corp., MONDRAGON Corp., NUM AG, Okuma Corp., Robert Bosch GmbH, Rockwell Automation Inc., Sandvik AB, Siemens AG, SIEB & MEYER AG, and Yaskawa Electric Corp. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by End-user
6 Market Segmentation by Solution
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Vendor Landscape
11 Vendor Analysis
12 Appendix
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