Global CNC Machine Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Lathe Machines, Milling Machines, Laser Machines, Grinding Machines, Welding Machines, Winding Machines and Others.

By End User;

Automotive, Aerospace & Defense, Construction Equipment, Power & Energy, Industrial and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn525233726 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global CNC Machine Market (USD Million), 2021 - 2031

In the year 2024, the Global CNC Machine Market was valued at USD 78,260.38 million. The size of this market is expected to increase to USD 115,363.08 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.7%.

The global CNC (Computer Numerical Control) machine market has witnessed significant growth over the past few years, driven by advancements in automation and precision manufacturing across various industries. CNC machines are pivotal in modern manufacturing processes for their ability to automate and control machinery through computer programs, ensuring high accuracy and efficiency in production. Key sectors such as automotive, aerospace, healthcare, and electronics have increasingly adopted CNC technology to streamline operations and improve product quality.

One of the primary factors fueling the growth of the CNC machine market is the demand for mass production with minimal human intervention. CNC machines offer unparalleled precision and repeatability, making them ideal for complex and high-volume manufacturing tasks. Moreover, the integration of advanced technologies such as IoT (Internet of Things) and AI (Artificial Intelligence) into CNC systems has further enhanced their capabilities, enabling predictive maintenance and real-time monitoring.

Geographically, Asia Pacific has emerged as a dominant region in the CNC machine market, owing to rapid industrialization and infrastructure development in countries like China, Japan, and South Korea. These nations are not only significant consumers but also major producers of CNC machines, contributing to the overall market growth. North America and Europe also play crucial roles, leveraging CNC technology for advanced manufacturing applications and maintaining high standards of production across various sectors.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By End User
    3. Market Snapshot, By Region
  4. Global CNC Machine Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Technological advancements in CNC machines
        2. Increasing adoption of automation in manufacturing industries
      2. Restraints
        1. High initial investment cost
        2. Skilled labor shortage in certain regions
      3. Opportunities
        1. Growing demand from emerging economies
        2. Integration of IoT and AI in CNC machining
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global CNC Machine Market, By Type, 2021 - 2031 (USD Million)
      1. Lathe Machines
      2. Milling Machines
      3. Laser Machines
      4. Grinding Machines
      5. Welding Machines
      6. Winding Machines
      7. Others
    2. Global CNC Machine Market, By End User, 2021 - 2031 (USD Million)
      1. Automotive
      2. Aerospace & Defense
      3. Construction Equipment
      4. Power & Energy
      5. Industrial
      6. Others
    3. Global CNC Machine Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Haas Automation, Inc.
      2. DMG Mori Co., Ltd.
      3. Mazak Corporation
      4. Hurco Companies, Inc.
      5. Okuma Corporation
      6. Yamazaki Mazak Corporation
      7. FANUC Corporation
      8. Mitsubishi Electric Corporation
      9. GF Machining Solutions
      10. Doosan Machine Tools
  7. Analyst Views
  8. Future Outlook of the Market