Global Computer Numerical Control Market Analysis & Forecast Report 2024-2033 | |
The Computer Numerical Control Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2024-2033). Learn More On The Computer Numerical Control Market: https://www.thebusinessresearchcompany.com/report/computer-numerical-control-global-market-report In accordance with The Business Research Company's Computer Numerical Control Global Market Report for 2024, the computer numerical control (CNC) market has exhibited robust growth in recent years, surging from $16.27 billion in 2024 to an anticipated $17.27 billion by the same year, boasting a noteworthy compound annual growth rate (CAGR) of 6.1%. This remarkable expansion in the historical period can be ascribed to pivotal factors such as the paradigm shift towards manufacturing automation, precision manufacturing advancements, intricate component production, accelerated production timelines, augmented customization demands, and consequential cost savings in mass production processes. Forecasts for the CNC market envisage a compelling trajectory, with an anticipated escalation to $22.55 billion by 2028, propelled by a commendable CAGR of 6.9%. This trajectory in the forecast period is underpinned by significant drivers, including seamless integration with diverse industries, the ascendancy of additive manufacturing, heightened adoption within small and medium enterprises (SMEs), an industry-wide focus on sustainability, bolstered software capabilities, and a discernible demand surge in healthcare and biotechnology sectors. As market dynamics continue to evolve, prominent entities within the CNC domain are strategically engineering novel machines endowed with unprecedented precision, featuring up to one nanometre axis resolution. This strategic maneuvering serves as a linchpin for gaining a competitive edge within the market landscape. Axis resolution, indicative of the smallest incremental movement or measurement along an axis, is a critical facet in mechanical or electronic systems The increasing demand for electric vehicles is expected to propel the demand for the computer numerical control market going forward. An electric vehicle (EV) is a vehicle that runs on an electric motor using electricity rather than an internal-combustion engine and generates power by burning a mixture of gasoline and gases. Computer numerical control technology is required for the automated and bulk manufacture of electric vehicles minimizing costs for producers. For instance, in May 2022, according to the Global Electric Vehicle Outlook report by the International Energy Agency (IEA), a France-based autonomous intergovernmental organization, the sales of electric cars increased by two times in 2021 to 6.6 million. In addition, the sales grew in 2022 with 2 million electric cars sold globally in the first quarter. Thus, the increasing demand for electric vehicles will drive the computer numerical control market. Get A Free Sample Of The Report (Includes Graphs And Tables): https://www.thebusinessresearchcompany.com/sample.aspx?id=8795&type=smp The computer numerical control market covered in this report is segmented – 1) By Type: Lathe Machines, Milling Machines, Laser Machines, Grinding Machines, Welding Machines, Winding Machines, Other Types 2) By Product Type: Software, Solutions 3) By End Use Industry: Aerospace And Defense, Automobile, Electronics, Healthcare, Other End Use Industries Prominent entities in the CNC market are fervently innovating, developing cutting-edge machines boasting up to one nanometer axis resolution, strategically positioning themselves for a competitive edge. Axis resolution, denoting the minutest detectable or attainable incremental movement along an axis, is a key metric in mechanical or electronic systems. A case in point is ANCA CNC Machines, a distinguished Australia-based machinery manufacturer, which unveiled the MX7 ULTRA in December 2022. The computer numerical control market report table of contents includes: 1. Executive Summary 2. Computer Numerical Control Market Characteristics 3. Computer Numerical Control Market Trends And Strategies 4. Computer Numerical Control Market - Macro Economic Scenario 5. Global Computer Numerical Control Market Size and Growth ...... 31. Global Computer Numerical Control Market Competitive Benchmarking 32. Global Computer Numerical Control Market Competitive Dashboard 33. Key Mergers And Acquisitions In The Computer Numerical Control Market 34. Computer Numerical Control Market Future Outlook and Potential Analysis 35. Appendix | |
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