CNC Cutting Machines Market Share Analysis, Regions, Demand, Growth Drivers, Opportunity, Global Size, Technology and Industry Trends 2030

CNC Cutting Machines Market Research Report and Growth Analysis 2023 by Type (Movable Gantry Type, Stationary Gantry Type), By Product (Plasma, Laser, Waterjet, Router), By Application (Wood Working, Stone Working, Metal Working, Others), By End User (Automotive, Building & Construction, Consumer, Electronics, Aerospace & Defense, Medical, Energy & Power, Furniture, Transportation, Others) and Region (North America, Europe, Asia-Pacific, Middle East & Africa, South America) – Global Forecast Till 2027

Global CNC Cutting Machines Market Overview –

According to MRFR analysis, the global CNC Cutting Machines Market is expected to register a CAGR of ~ 6.1% from 2021 to 2027 and hold a value of over ~ USD 6,153.2 million by 2027.

The market for cutting machines is driven by the presence of a large number of industry players focusing on various growth strategies such as launching new products and partnerships & collaborations to expand their business and customer base in order to enhance their market position. For instance, In August 2021, Kongsberg Precision Cutting Systems acquired MultiCam Inc, a U.S. manufacturer and distributor of CNC cutting machines and digital finishing processes. Besides, MultiCam Inc. launched an all-new Apex5R CNC router in August 2021 with an aim to take hold of the heavy-duty and advanced manufacturing sector. Furthermore, the use of advanced technologies such as Industry 4.0 in the manufacturing process is resulting in increasing adoption of industrial automation in the CNC Cutting Machines Market. For instance, DMG Mori and Schaeffler have been collaborating to create The CELOS Condition Analyzer App, which they will pair with a 4.0 sensor pack to monitor equipment.

Key Players

Some of the key market players are,

• Biesse Group
• HOMAG Group
• Anderson Group
• Exel CNC Ltd.
• MultiCam Inc.
• Thermwood Corporation
• The Shoda Company
• ShopSabre
• AXYZ Automation Group
• Carbide 3D LLC
• KOMO Machine Inc.
• TRUMPF
• ESAB
• Prima Power and others

Get a Free Sample Report in PDF Format @  

https://www.marketresearchfuture.com/sample_request/10810

CNC Cutting Machines Market Regional Analysis

Asia Pacific dominated the market for CNC Cutting Machines Market in 2020 owing to the easy availability of raw materials, cheap labor, and rapid industrialization in the region. Besides, the presence of an industrial base across various countries such as India and China, the growing adoption of cutting machines, and rising automation in the manufacturing sector are further influencing revenue growth.

North America is expected to register substantial growth in the market due to growing technological advancements and increasing adoption of cutting machines in various end-use industries such as aerospace & defense, and automotive, among others.

CNC Cutting Machines Market Segmentation

The global CNC Cutting Machines Market has been segmented into type, product, application, and end user.

Based on type, the market has been segmented into movable gantry type and stationary gantry type. The stationary gantry type accounted for the largest share of the market in 2020 owing to ease of use, lower price, higher rigidity, and easy maintenance. On the other hand, the movable gantry type segment is anticipated to be the fastest-growing segment during the forecast period.

Based on product, the market has been segmented into plasma, laser, waterjet, and router. The laser-cutting machine segment accounted for the largest share of the market in 2020. This is attributed to various advantages offered to fabricators to create high-quality structures, such as flexibility, speed, and high precision, among others.

Based on application, the market has been segmented into wood working, stone working, metal working, and others. The metal working segment accounted for the largest share in 2021 and is expected to retain its dominance throughout the forecast period. This is due to rising growth in various end-use industries along with demand for mechanized metal cutting machines and advancements in manufacturing processes.

Based on end-user, the market has been segmented into automotive, building & construction, consumer, electronics, aerospace & defense, medical, energy & power, furniture, transportation, and others. The automotive segment accounted for the largest revenue share in the CNC Cutting Machines Market. This is attributed to an increase in the demand for high-speed production of automotive parts with high accuracy, precision, reduced operational time, and error-free tasks. Moreover, growing automation in the production process is expected to drive growth.

Ask for Amazing Discount:

https://www.marketresearchfuture.com/check-discount/10810

TABLE OF CONTENTS

1 EXECUTIVE SUMMARY 23

2 MARKET INTRODUCTION 26

2.1 DEFINITION 26

2.2 SCOPE OF THE STUDY 26

2.3 MARKET STRUCTURE 27

3 RESEARCH METHODOLOGY 28

4 MARKET DYNAMICS 35

4.1 OVERVIEW 35

4.2 DRIVERS 36

4.2.1 GROWTH OF THE AUTOMOTIVE INDUSTRY 36

4.2.2 INCREASE IN FURNITURE PRODUCTION 37

4.3 RESTRAINTS 38

4.3.1 LACK OF SKILLED LABOUR 38

4.4 OPPORTUNITIES 38

4.4.1 AUTOMATION IN EMERGING ECONOMIES 38

4.5 COVID-19 IMPACT ANALYSIS 39

4.5.1 IMPACT ON SEMICONDUCTOR COMPONENT MANUFACTURERS 39

4.5.2 IMPACT ON THE GLOBAL CNC CUTTING MACHINES MARKET 39

4.5.2.1 IMPACT ON SUPPLY CHAIN 39

4.5.2.2 PRICE VARIATION OF KEY RAW MATERIALS 40

4.5.2.3 PRODUCTION SHUTDOWN 40

4.5.2.4 IMPACT ON MARKET DEMAND 40

5 MARKET FACTOR ANALYSIS 41

5.1 VALUE CHAIN ANALYSIS 41

5.1.1 RESEARCH & DEVELOPMENT CENTERS 41

5.1.2 MATERIAL, COMPONENT, AND PARTS SUPPLIERS 41

5.1.3 CNC CUTTING MACHINES MANUFACTURERS 41

…Continued.

About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

Tags: CNC Cutting Machines Market Key Players, CNC Cutting Machines market forecast, CNC Cutting Machines Market trends, CNC Cutting Machines Market Analysis, CNC Cutting Machines Market Share, CNC Cutting Machines Market, CNC Cutting Machines Market size See Campaign: https://www.marketresearchfuture.com/reports/cnc-cutting-machines-market-10810

Contact Information:

Contact: Market Research Future® 99 Hudson Street,5Th Floor New York, New York 10013 United States of America Phone: +1 628 258 0071(US) +44 2035 002 764(UK) Email: sales@marketresearchfuture.com Website: https://www.marketresearchfuture.com

Tags:
Wire, Research Newswire, English