Computer Numerical Control (CNC) Market Forecast, Trends To 2022: Grand View Research, Inc.

Computer Numerical Controls (CNC) machines offer several benefits such as efficient and effective motion control system solutions that provide accurate and high-speed execution of machining processes, and are expected to drive the global CNC market over the forecast period. Availability of high-speed microprocessors and high-data processing capability of CNC machines deliver high-precision with incorporated safety functions for superior productivity, is further expected to fuel the CNC market growth. CNC machines have replaced the traditional manually operated machines such as lathe machines, routers, shaping machines, and vertical millers. The efficiency of CNC machines to run 24/7 is also expected to drive the CNC market growth. Plasma cutters, mills, lathes, embroidery machines, and surface grinders are some examples of CNC machines.

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Computer Numerical Control (CNC) is a type of programmable automation directed by numerical data. which uses microcomputers to carry out machining operations. These machines are primarily used across manufacturing industry and provide high accuracy in manufacturing, reduce human errors, greater manufacturing flexibility, less production time, and simpler fixturing, which is also expected to favorably impact the CNC market growth.

The need for producing & saving energy to cope with the rapidly rising global energy demands & cost coupled with increasing consumer demand is also expected to drive the CNC market demand over the forecast period. In addition, developing economies such as India, China, Russia, and Eastern Europe are also expected to fuel market growth owing to unprecedented number of considerably low valued machine tools manufactured in these regions.

High maintenance and implementation costs are expected to hamper the CNC market growth over the next few years. Additionally, CNC machines lead to unemployment as machines are used instead of manpower, and are also expected to negatively impact market growth. CNC solutions are used across industries such as aerospace, industrial machinery, defense, automobile, consumer products, electrical & electronics, and healthcare. Further, CNC machines are widely used across applications such as woodworking, turning, stamping, punching, polishing, milling, grinding, and forming. .

The key CNC market participants include Soft Servo Systems, Fanuc Corporation, Fagor Automation, Bosch Rexroth AG, GSK CNC EQUIPMENT Co. Ltd., Sieb & Meyer AG, Mitsubishi Electric Corp., Heidenhain GmbH, and Siemens AG.

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About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

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