According to the latest market research study released by Technavio, the global CNC solutions market is expected to grow at a CAGR of almost 6% during the forecast period 2017-2021.
This market research report by Technavio provides an in-depth analysis of the market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Click here to request a free sample of this report
Technavio research analysts categorize the global CNC solutions market based on end-user:
Global CNC solutions market share by end-user 2016
|
Automotive |
34.68% |
|
Others |
24.07% |
|
Industrial machinery |
20.80% |
|
Aerospace and defense |
20.45% |
Source: Technavio
Global CNC solutions market in automotive industry
The automotive industry accounted for a maximum share of around 35% in the global CNC solutions market in 2016. This industry is rapidly pacing forward with the constantly increasing competition in the market. During the forecast period, some of the major automotive manufacturing countries such as Mexico, Japan, China, Germany, and Italy will continue to drive the global CNC solutions market. Manual machining in the automotive industry has become rare, and most of the modern car components and assemblies deploy CNC systems for turning and milling operations.
“CNC systems used in the automotive industry help in incorporating a high level of precision and ensuring the cost-effective process for manufacturers. CNC has transformed the look of the automotive industry with most of the vehicle body and intricate parts being manufactured using CNC machines,” says Bharath Kanniappan, a senior analyst at Technavio for research on automation.
The advanced technology deployed by CNC lathes and grinders, along with the ability to synchronize tools with workstation, has empowered a single machine to manufacture a wide assortment of car components. Advanced CNC machines can also overcome changes in ambient temperature and heat dissipation during the machining process. With the increasing demand for automobiles and automotive products, CNC systems will see a high adoption by OEM manufacturers and component suppliers. The global automotive industry is expected to see continual growth throughout the predicted period owing to the high demand for cars and light commercial vehicles.
Global CNC solutions market in industrial machinery
The global CNC solutions market in the heavy machinery industry is expected to grow at a steady rate over the next four years. The steady growth can be attributed to the increased demand for engineered machinery in the process and discrete industries as well as turnkey projects. CNC systems are cost efficient and reliable which help in the production of robust, durable, and high-quality machines. Factors like rapid industrialization and rising expenditure in the emerging economies of APAC are anticipated to drive the demand for heavy machinery. Industrial machinery will also witness a high demand from the packaging, material handling, agriculture, and construction sectors. Infrastructure development activities and construction projects carried out worldwide are likely to increase the demand for high-quality industrial machines. Most of the MSMEs operating in this segment will be the major adopters of CNC solutions.
Global CNC solutions market in aerospace and defense
The need to strengthen the defense sector by countries across the globe calls for the increase in defense spending. Modernizing equipment and carriers have become crucial for countries to ensure that the forces are equipped with advanced and robust artillery to combat the external forces. The continual demand for defense equipment has urged the need for suppliers to install automation in their manufacturing shops. CNC systems form an integral part of the automated technologies implemented by defense suppliers. For the defense sector, CNC vendors are more aligned toward delivering customized solutions demanded by end-users. Countries across the globe are taking initiatives to improve manufacturing processes in the defense sector, and CNC solutions help them in realizing this objective.
The top leading vendors operating in the global CNC solutions market are:
- Delta
- FANUC
- Haas Automation
- Mitsubishi Electric
- Siemens
Other prominent vendors in the market include Ace Micromatic, Anilam, Bosch Rexroth, Centroid, COSMOS, Fagor Automation, GSK CNC Equipment, Hardinge, HEIDENHAIN, Makino, Minitech Machinery, QMC Technologies, Sandvik Coromant, Shop Sabre, Sieb and Meyer, and Techniks.
A more detailed analysis is available in the Technavio report titled, ‘Global CNC Solutions Market 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Metal Cutting Machine Tools Market 2016-2020
- Global Metal Forming Machine Tools Market 2016-2020
- Global Machining Centers Market 2016-2020
To read more press releases- click here.
For any assistance or query, please contact our media team at:
media@technavio.com
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com
