This market research report presents detailed segmentation of the global CNC solutions market by end user (automotive, industrial machinery, and aerospace and defense), and by product (servo drives, servo motors, and controllers). It provides a detailed market share analysis for the key regions including EMEA, Americas, and APAC. The leading vendors in the market are Fanuc, Haas, Mitsubishi, and Siemens.
Technavio has released updated information on the automation and control market, with the publication of its new market research report, global CNC solutions market. The global computer numerical control (CNC) solutions market is expected to grow at a CAGR of 6% between 2015 and 2019, owing to increased adoption of technologically advanced machine tools by various industries to cut their overall operational costs.
“Vendors are increasingly recommending retrofitted CNC machines for increased efficiency and productivity. They are offering various retrofitting services to attract new customers and increase sales through improved spare part sales and support services. Retrofitting requires less investment and provides additional features to the products, confirming continuous warranty from service providers. Moreover, these retrofitted CNC machines are easy to use and compatible with the existing technologies,” says Navin Rajendra, Lead Analyst, Industrial Automation, Technavio Research.
Currently, the EMEA accounts for the largest market share, covering around 34% of the global CNC solutions market. However, APAC is expected to witness fastest growth during the forecast period, thanks to increased focus on infrastructure development and high government spending by China, India, Thailand, and Malaysia.
Demand for compact size CNC solutions that can be fitted with desktop CNC machines are on the rise. Small and compact CNC machines, capable of performing specific functions on a small scale, are gaining prominence in the market for customized solutions. Users are opting for these miniature machines as they cater to small user-specific needs at reduced expenses. Vendors are also launching portable CNCs, which can be used at different locations within the facility for various functionalities.
The leading vendors in the global CNC solutions market are Fanuc, Haas, Mitsubishi, and Siemens. This market is highly competitive with the international players growing inorganically due to mergers. The providers in the market are coming out with energy efficient, advanced, compatible CNC solutions to be used in CNC machines.
A more detailed analysis is available in the Technavio report, Global Computer Numerical Control Solutions Market – Industry Analysis 2015-2019.
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