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

By Product;

Milling Machines, Drilling Machines, Grinding Machines, and Electrical Discharge Machines.

By Application;

Precision Component Manufacturing and Prototyping.

By Industry;

Automotive and Transportation, Sheet Metals, Capital Goods, Energy, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn989462406 Published Date: March, 2025 Updated Date: April, 2025

Introduction

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

In the year 2024, the Global CNC Machine Tools Market was valued at USD 19,425.64 million. The size of this market is expected to increase to USD 30,187.19 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 6.5%.

The global CNC (Computer Numerical Control) machine tools market has been steadily expanding due to advancements in manufacturing technologies and the increasing demand for automation across various industries. CNC machine tools play a crucial role in enhancing productivity, precision, and efficiency in manufacturing processes. These machines are capable of performing complex tasks with high accuracy, making them indispensable in sectors such as automotive, aerospace, electronics, and healthcare.

One of the primary drivers of growth in the CNC machine tools market is the rising adoption of automated manufacturing processes worldwide. As industries strive to improve production capabilities and reduce operational costs, CNC machines offer a viable solution by enabling faster production cycles and minimizing human error. Moreover, the integration of IoT (Internet of Things) and AI (Artificial Intelligence) technologies into CNC systems is further enhancing their functionality, enabling real-time monitoring, predictive maintenance, and adaptive machining strategies.

Geographically, Asia Pacific has emerged as a dominant region in the CNC machine tools market, driven by the rapid industrialization in countries like China, India, and Japan. These nations are significant consumers and producers of CNC machines, fueled by robust growth in automotive and electronics manufacturing. North America and Europe also play crucial roles, with a strong emphasis on innovation and technological advancements in CNC machining.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product
    2. Market Snapshot, By Application

    3. Market Snapshot, By Industry
    4. Market Snapshot, By Region
  4. Global CNC Machine Tools Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing demand for precision machining.
        2. Adoption of automation and Industry 4.0.
        3. Growth in aerospace and automotive sectors.
      2. Restraints
        1. High initial investment costs.
        2. Shortage of skilled operators.
        3. Maintenance complexity.
      3. Opportunities
        1. Expansion in emerging markets.
        2. Demand for customized solutions.
        3. Integration of IoT and AI technologies.
    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 Tools Market, By Product, 2021 - 2031 (USD Million)
      1. Milling Machines
      2. Drilling Machines
      3. Grinding Machines
      4. Electrical Discharge Machines
    2. Global CNC Machine Tools Market, By Application, 2021 - 2031 (USD Million)
      1. Precision Component Manufacturing
      2. Prototyping
    3. Global CNC Machine Tools Market, By Industry, 2021 - 2031 (USD Million)
      1. Automotive and Transportation
      2. Sheet Metals
      3. Capital Goods
      4. Energy
      5. Others
    4. Global CNC Machine Tools 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. DMG Mori
      2. Makino
      3. Haas Automation
      4. Fanuc Corporation
      5. Yamazaki Mazak
      6. Okuma Corporation
      7. Doosan Machine Tools
      8. GF Machining Solutions
      9. Hurco Companies, Inc.
      10. Hardinge Inc.
  7. Analyst Views
  8. Future Outlook of the Market