CNC Metal Cutting Machine Market - Global Industry Analysis

CNC Metal Cutting Machine Market

CNC Metal Cutting Machine Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2022-2028

Category: Heavy Industry Report Format : PDF Report Code: ZMR-6857 Status : Upcoming

CNC Metal Cutting Machine Market

Description

Global CNC Metal Cutting Machine Market: Overview

CNC metal cutting is the manufacturing process where pre-programmed computer software is used to dominate the mobility of factory tools and machinery. The processes are further used to control complex machines ranging from lathes, grinders, broaching, and metal cutting to several other advanced ones. Such machines are very much used in the process of metal cutting operations to get the desired cut on the metal workpiece. Fiber cutters, laser cutting devices, and plasma cutters are some of the different types of CNC metal cutting machines widely available in the market. This machine manipulates the tools with computer programming input. This machine works as per the specific instruction delivered by a sequential program of machine instructions like G-code. Low maintenance, fewer error rates, safe operation, and high accuracy are some of the features offered by CNC metal cutting machines.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Global CNC Metal Cutting Machine Market: Growth Factors

The global CNC metal cutting machine market is expected to surpass $1,13,501 million with a healthy CAGR of 6.0 % during the forecast period. The growing demand from different end-user sectors like defense, aerospace, automotive, electronics, and marine for highly efficient metal cutting machines will further drive the growth of the global CNC metal cutting machine market exponentially. Furthermore, these machines are extensively adopted to cut distinct varieties of nonferrous and ferric metal to manufacture a finished product with expected geometry. Additionally, it offers the finished surface texture, complex shaping, and close dimensional accuracy. The surging investments from the aerospace and defense sector to innovate advanced machines are likely to further expand the scope of the global CNC metal cutting machine market. Sheet cutting is another vital process undertaken in several sectors. Therefore, amid the growing investments in digital technology, notably, many complex systems are embedded with an innovative focus on computerized monitoring, smart robotics additive manufacturing, and many others to cater to the advanced demands from end-users. The outbreak of the Covid-19 pandemic imposed worldwide lockdowns, thereby stopping the non-essential operations globally. With the lowering impact of Covid-19, the market is expected to see a speedy recovery in the forthcoming years.

Global CNC Metal Cutting Machine Market: Segmentation

The global CNC metal cutting machine market can be segmented into application, product, and region.

By applications, the market can be segmented into electronics & electrical, marine, construction, aerospace, defense, automobiles, and others.

By product, the market can be segmented into flame cutting, plasma cutting, waterjet cutting, and laser cutting machines. The laser cutting machine accounts for the largest share in the global CNC metal cutting machine market as these are widely adopted ones that permit fabricators to build high-quality structures. Laser cutting machines facilitate many advantages like repeatability, high procession, flexibility, and excellent quality. Furthermore, the plasma cutting machine segment is likely to grow exponentially during the forecast period due to the growing demand for these machines to cut a wide range of electrically conductive metals like copper, titanium, aluminum, and stainless steel.

Global CNC Metal Cutting Machine Market: Regional analysis

Asia Pacific accounts for the largest share in the global CNC metal cutting machine market due to the rapid industrialization along with improving economic conditions in the region. The region is likely to be the hub of high-tech manufacturing, particularly for the electronic, aerospace, defense, and automatic sector, which in turn is expected to significantly accelerate the growth of the regional market.

North America is also expected to grow significantly with a healthy CAGR during the forecast period due to the presence of major defense and aerospace leaders in the region. Furthermore, the ongoing technological advancements in the region are further likely to spur the growth of the regional market exponentially.

Global CNC Metal Cutting Machine Market: Competitive Players

Some of the significant players in the global CNC metal cutting machine market are Yamazaki Mazak Corporation, TRUMPF GmbH + Co. KG, Okuma Corporation, Maschinenfabrik Berthold Hermle AG, Lincoln Electric Holdings, Inc., Komatsu Ltd., Hurco Companies, Inc., DMG MORI CO., Ltd., Coherent, Inc., and Amada Holdings Co., Ltd.

Global CNC Metal Cutting Machine Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France 
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

 

Table Of Content

Choose License Type

  • zion payment modes

FrequentlyAsked Questions

The global CNC metal cutting machine market is expected to surpass $1,13,501 million with a healthy CAGR of 6.0 % during the forecast period. The growing demand from different end-user sectors like defense, aerospace, automotive, electronics, and marine for highly efficient metal cutting machines will further drive the growth of the global CNC metal cutting machine market exponentially.

 

Some of the significant players in the global CNC metal cutting machine market are Yamazaki Mazak Corporation, TRUMPF GmbH + Co. KG, Okuma Corporation, Maschinenfabrik Berthold Hermle AG, Lincoln Electric Holdings, Inc., Komatsu Ltd., Hurco Companies, Inc., DMG MORI CO., Ltd., Coherent, Inc., and Amada Holdings Co., Ltd.

Asia Pacific accounts for the largest share in the global CNC metal cutting machine market due to the rapid industrialization along with improving economic conditions in the region. The region is likely to be the hub of high-tech manufacturing, particularly for the electronic, aerospace, defense, and automatic sector, which in turn is expected to significantly accelerate the growth of the regional market.

HappyClients

Office Address

Contact Us

Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651

Asia Pacific Office

3rd Floor, Mrunal Paradise, Opp Maharaja Hotel, Pimple Gurav, Pune 411061, Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008

Contact #

US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com

We Are On Social

Business Hours

Our support available to help you 24 hours a day, five days a week.

Monday - Friday: 9AM - 6PM

Saturday - Sunday: Closed