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Covid-19 Impact on Computer Numerical Control Market, Global Research Reports 2020-2021
SKU ID : QYR-15646678 | Publishing Date : 11-May-2020 | No. of pages : 103
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The Computer Numerical Control (CNC) market is the process of mechanizing machine tools that are operated by precisely programmed commands encrypted on a storage medium as opposed to controlled manually by devices. CNC machining is utilized across various sectors, including industrial machinery, automobile, healthcare, and electronics.
Increase in demand in mass production plants in various sectors, including defense & intelligence, electronics, automobile, and machinery supplements the market growth. However, high cost of maintenance and after sales services of CNC machines is expected to restrict the growth of the market. Moreover, increase in number of application areas and reduced cost of entire production process is expected to create numerous opportunities for the growth of the market.
This report provides a complete quantitative data and qualitative analysis on the global market for Computer Numerical Control. Market size is analysed by country, product type, application, and competitors. Expanded coverage includes additional end-user industry breakdowns and in-depth producer profiles.
Prior to COVID-19, the global market for Computer Numerical Control was anticipated to grow from US$ XX million in 2020 to US$ XX million by 2026; it is expected to grow at a CAGR of xx% during 2021–2026, whereas post-COVID-19 scenario, the market for Computer Numerical Control is projected to grow from US$ XX million in 2020 (a change by ~XX% compared to market estimated for 2020 before the outbreak of COVID-19) to US$ XX billion by 2026; it is expected to grow at a CAGR of XX% during 2021–2026.
This report covers market size and forecasts of Computer Numerical Control, including the following market information:
Global Computer Numerical Control Market Size, 2019-2021, and 2020 (quarterly data), (US$ Million)
Global Computer Numerical Control Market Size by Type and by Application, 2019-2021, and 2020 (quarterly data), (US$ Million)
Global Computer Numerical Control Market Size by Region (and Key Countries), 2019-2021, and 2020 (quarterly data), (US$ Million)
Global Computer Numerical Control Market Size by Company, 2019- 2020 (quarterly data), (US$ Million)
Key market players
Major competitors identified in this market include MONDRAGON Corporation, GSK CNC Equipment, Soft Servo Systems, Heidenhain GmbH, Bosch Rexroth AG, Siemens AG, Sandvik AB, Haas Automation, Mitsubishi Electric Corporation, Fanuc Corporation, Protomatic, AMS Micromedical, Plastic Navigation Industrial, Okuma, Hurco, Star CNC, Xometry, Ace Micromatic, Star Prototype, Intelitek, T W Ward CNC Machinery, EMAG GmbH, etc.
Based on the Region:
Asia-Pacific (China, Japan, South Korea, India and ASEAN)
North America (US and Canada)
Europe (Germany, France, UK and Italy)
Rest of World (Latin America, Middle East & Africa)
Based on the Type:
Lathes
Mills
Routers
Grinders
Others
Based on the Application:
Aerospace and Defense
Automobile
Electronics
Healthcare
Industrial Machinery
Others
Increase in demand in mass production plants in various sectors, including defense & intelligence, electronics, automobile, and machinery supplements the market growth. However, high cost of maintenance and after sales services of CNC machines is expected to restrict the growth of the market. Moreover, increase in number of application areas and reduced cost of entire production process is expected to create numerous opportunities for the growth of the market.
This report provides a complete quantitative data and qualitative analysis on the global market for Computer Numerical Control. Market size is analysed by country, product type, application, and competitors. Expanded coverage includes additional end-user industry breakdowns and in-depth producer profiles.
Prior to COVID-19, the global market for Computer Numerical Control was anticipated to grow from US$ XX million in 2020 to US$ XX million by 2026; it is expected to grow at a CAGR of xx% during 2021–2026, whereas post-COVID-19 scenario, the market for Computer Numerical Control is projected to grow from US$ XX million in 2020 (a change by ~XX% compared to market estimated for 2020 before the outbreak of COVID-19) to US$ XX billion by 2026; it is expected to grow at a CAGR of XX% during 2021–2026.
This report covers market size and forecasts of Computer Numerical Control, including the following market information:
Global Computer Numerical Control Market Size, 2019-2021, and 2020 (quarterly data), (US$ Million)
Global Computer Numerical Control Market Size by Type and by Application, 2019-2021, and 2020 (quarterly data), (US$ Million)
Global Computer Numerical Control Market Size by Region (and Key Countries), 2019-2021, and 2020 (quarterly data), (US$ Million)
Global Computer Numerical Control Market Size by Company, 2019- 2020 (quarterly data), (US$ Million)
Key market players
Major competitors identified in this market include MONDRAGON Corporation, GSK CNC Equipment, Soft Servo Systems, Heidenhain GmbH, Bosch Rexroth AG, Siemens AG, Sandvik AB, Haas Automation, Mitsubishi Electric Corporation, Fanuc Corporation, Protomatic, AMS Micromedical, Plastic Navigation Industrial, Okuma, Hurco, Star CNC, Xometry, Ace Micromatic, Star Prototype, Intelitek, T W Ward CNC Machinery, EMAG GmbH, etc.
Based on the Region:
Asia-Pacific (China, Japan, South Korea, India and ASEAN)
North America (US and Canada)
Europe (Germany, France, UK and Italy)
Rest of World (Latin America, Middle East & Africa)
Based on the Type:
Lathes
Mills
Routers
Grinders
Others
Based on the Application:
Aerospace and Defense
Automobile
Electronics
Healthcare
Industrial Machinery
Others
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
