Global Computer Numerical Control Market Size, Status and Forecast 2020-2026

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.

Market Analysis and Insights: Global Computer Numerical Control Market
The global Computer Numerical Control market size is projected to reach US$ 15550 million by 2026, from US$ 12850 million in 2020, at a CAGR of 3.2% during 2021-2026.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Computer Numerical Control market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Computer Numerical Control market in terms of revenue.
On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Computer Numerical Control market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Computer Numerical Control market.

Global Computer Numerical Control Scope and Market Size
Computer Numerical Control market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Computer Numerical Control market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2015-2026.

Market segment by Type, the product can be split into

Lathes
Mills
Grinders
Others

Market segment by Application, split into

Aerospace and Defense
Automobile
Electronics
Healthcare
Industrial Machinery
Others

Based on regional and country-level analysis, the Computer Numerical Control market has been segmented as follows:
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia-Pacific
Latin America
Mexico
Brazil
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of Middle East & Africa

In the competitive analysis section of the report, leading as well as prominent players of the global Computer Numerical Control market are broadly studied on the basis of key factors. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on price and revenue (global level) by player for the period 2015-2020.

The key players covered in this study

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