The CNC market is expected to grow from USD 67.5 billion in 2023 to USD 80.4 billion by 2028, at a CAGR of 3.5% during the forecast period.
CNC or computer numerical control machines are sophisticated tools a computer system controls, allowing for precise operation. These machines are versatile and can work with various materials, such as metals, plastics, wood, and composites. The operation of CNC machines relies on a pre-programmed set of instructions that dictate their movements and material removal processes. These instructions dictate tool movements and material removal quantities, often achieving tolerances of less than one-thousandth of an inch. CNC machines play a pivotal role across diverse industries, such as automotive, aerospace, medical, semiconductor, capital goods, and energy & power, contributing to the production of various components, such as engines, gears, circuit boards, and medical implants.
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DMG MORI (Japan), Okuma Corporation (Japan), Makino Milling Machine Co., Ltd. (Japan), Haas Automation, Inc (US), JTEKT Corporation (Japan), DN SOLUTIONS (South Korea), TRUMPF (Germany), Hurco Companies, Inc. (US), Yamazaki Mazak Corporation (Japan), GF Machining Solutions Management SA (Switzerland), CHIRON Group SE (Germany), MAG IAS GmbH (Germany), GROB-WERKE GmbH & Co. KG (Germany), EMAG GmbH & Co. KG (Germany), and others are some of the key players in CNC market.
DMG MORI manufactures and sells high-precision machine tools, such as machining centers, computer numerical control (CNC) lathes, and other products. The company markets machine tools worldwide under its brand DMG MORI. It also offers a range of machine tools to manufacture critical components and materials in various industries, such as automotive, aerospace, food & beverages, and medical devices. Its range of products, solutions, and services helps manufacturers enhance their operational efficiency.
The company offers various machine tools and related solutions and services. It provides a comprehensive lineup of products to meet the increasing consumer demand for sophisticated machine tools and equipment. Its product portfolio includes 5-axis/multi-axis machines, turning centers, machining centers, ultrasonic machines, and laser machines. These advanced machine tool solutions provide cutting-edge solutions to various industries, such as automotive, die & mold, aerospace, semiconductor, and healthcare.
Okuma Corporation specializes in manufacturing and distributing machine tools. The company offers a range of CNC machine tools, such as lathes, machining centers, grinders, multitasking machines, and others. In addition, it provides various services and solutions, including training, maintenance, and technical support, to support its customers.
Each subsidiary of Okuma Corporation is an independent business unit and develops its comprehensive product strategy. The company has classified its business based on manufacturing and sales systems. The geographical segment consists of Japan, the Americas, Europe, and Asia Pacific.
CNC Market by Offering (Machines, Parts & Accessories, Services), Product Type (Milling Machines, Machining Centers, Lathe Machines, Laser Machines, Drilling Machines, Grinding Machines, EDM Machines), End-User Industry & Region - Global Forecast to 2028
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