Report Code: A09616 | Pages: NA | Mar 2023 | 1364 Views | ||
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Request Now !A computer numerical control (CNC) router is a computer-controlled cutting machine that is used for cutting various hard materials, such as steel, aluminum, wood, composites, glass, plastic, foam among others. A CNC router machines use computer numerical control, which uses specially customized programs written in G-code to route tool paths instead of routing by hand. CNC routers are used to produce consistent high-quality work and can machine a large amount of jobs in complex shapes while maintaining efficiency of operations. Use of CNC routers can improve the productivity of a factory and can reduce the manpower required. Due to the high level of precision of CNC routers, wastage of materials, loss of time and human error can be reduced while maintaining optimal cycle time.
ÂMarket scope. And structure analysis:
Report Metric | Details |
 Market size available for years |  2019–2027 |
 Base year considered |  2019 |
 Forecast period |  2020–2027 |
 Forecast units |  Value (USD Millions) |
 Segments covered |  Type, Product, Application, Industry Verticals and Region. |
 Regions covered | North America (U.S., Mexico and Canada), Europe (Germany, UK, Netherlands, Italy and France), Asia-Pacific (China, Japan, South Korea, Sri Lanka and India), LAMEA (Latin America, Middle East, and Africa) |
 Companies covered | The key players in the CNC router market include Anderson Group AXYZ Automation Group, Biesse S.p.A., Carbide 3D LLC, Exel CNC Ltd, HOMAG Group, Komo Machine, MultiCam Inc., ShopSabre, The SHODA company and Thermwood Corporation among others. |
CNC router market is expected to witness growth along with rise of automation of various processes across almost all industries. Use of CNC router machine improves factory productivity, reduces human errors and maintains optimal cycle time. A CNC router can be used to produce complicated and intricate items while maintaining consistency, high quality, precision, low wastage of materials and increase in efficiency and productivity. CNC routers are used widely for metalworking and woodworking applications and in various important machining processes such as cutting, routing, and drilling of parts. The global CNC routers find application in different industries such as the global construction and automotive industries among others. The high cost of CNC routers and lack of skilled labor that is required to operate CNC router machines are restraining factors for the growth of the market. The importance of trained labor increases the labor cost in the end use industries. The opportunities for growth of the global CNC router market comes from the growing adoption of automation for woodworking applications and also due to its high application in various processes used in the global automotive industry. Â
As global population and urbanization increases, so does the number of residential and commercial buildings. The demand for aesthetically pleasing woodwork and furniture is increasing along with the rise in disposable income of the middle-class consumer around the world. The increase in demand for well designed, elegant houses and the use of engineered wood therein is expected to contribute significantly for the growth of CNC router market. The global hospitality sector and corporate sector also have increasing demand for woodwork and furniture as they require to update their beautification periodically. Among the various application of CNC routers in woodworking, wooden frames, wood panels, exterior and interior decorations, door carvings, sign boards, musical instruments, moldings, and furniture are some examples where use of computer numerical control can increase efficiency and precision. Another important driving factor behind the growth of the global CNC router market is the increasing availability of furniture on e-commerce platforms. End users are increasingly shifting to e-commerce platforms from the traditional market space. The benefit of personalization of orders is a major factor behind the popularity of e-commerce furniture platforms.Â
With rising disposable income levels worldwide, the global automotive sector is expected to continue to grow in the near future. Due to stringent emission norms along with the incentives applied by various governments around the world, the popularity of electronic vehicles is rising. This is a major factor behind growth of automotive industry. Electric vehicles reduce emission of greenhouse gases in comparison to fossil fuel-based vehicles. Hybrid vehicles are also a prominent segment of the global automotive market. The rising disposable income level of middle-class consumers is allowing more and more people to buy personal vehicles as the global consumer shows an increasing inclination towards comfort options. The time savings offered by personal vehicles is also an important factor due to the increasingly busy lifestyles of the average consumer. The rising number of nuclear families and dual earning families is an important reason behind this phenomenon. With the growth of the global automotive industry, the global CNC router market is also expected to grow.
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Key benefits of the report:
CNC Router Market: Global Opportunity Analysis and Industry Forecast, 2020–2027 Report Highlights
Aspects | Details |
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Key Market Players | Anderson Group, AXYZ Automation Group, Biesse S.p.A., Carbide 3D LLC, Exel CNC Ltd, HOMAG Group, Komo Machine, MultiCam Inc., ShopSabre, The SHODA company, Thermwood |
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