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2021
U.s. Cnc Machines Market

U.S. CNC Machines Market by Machine Tool Type (Lathe, Mills, Routers, Grinders, and Others) and Industry Vertical (Aerospace & Defense, Automobile, Consumer Electronics, Healthcare, Industrial Machinery, and Others): Opportunity Analysis and Industry Forecast, 2021-2030

A13061
Pages: 157
Aug 2021 | 2351 Views
Author(s) : Rachita Rake & Shreyas Wadodkar , Vineet Kumar
Tables: 69
Charts: 46
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COVID-19

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U.S. CNC Machines Market Statistics: 2030

The U.S. CNC machines market size was valued at $2,314.11 million in 2015, and is projected to reach $4,009.59 million by 2030, growing at a CAGR of 4.9% from 2021 to 2030.

Computer numeric control is observing growing popularity and attention of researchers in both industry and academia as a means to decrease human contact between man and machine and produce the revenue streams for service providers due to the features in technology. During the COVID-19 pandemic, organizations that deployed computer numeric control earlier have been able to quickly adjust to the new variant of virus due to lesser contact between the human and machine that will help to achieve business requirements that were resulting due to advancement in healthcare industry.

The report comprises the U.S. CNC machines market trends and study of the U.S. CNC machines market forecast focuses on diversified applications of CNC machines across industries. There has been a surge in demand for CNC machines across all the industry verticals, owing to their time effective operations in mass production industries such as automobile. Furthermore, CNC provides enhanced safety & security during production operations, controls data traffic, improves process quality, and reduces time between design & production. In addition, CNC provides advanced protection with its intelligence software and hardware interface to workforce in risky work environments such as mining and manufacturing plants. 

U.S. Computer Numeric Control Market

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By machining tool type, the lathes segment dominated the U.S. CNC market share in 2015, and is expected to continue this trend during the forecast period. The growth of the segment is attributed to pro-long adoption of lathe machine tool as this system is used to perform various operations such as turning, drilling, and tapering, which boosts the CNC market in the U.S. However, the milling tool segment is expected to witness highest growth in the upcoming years as it is used to perform vertical as well as horizontal operation on the workpiece or component. Milling machine is used to perform operations such as boring, vertical drilling, metal cutting, and slotting. Milling tool is widely used in the automated and robotic controlled operation during the manufacturing process. These benefits are expected to fuel the demand in the upcoming years.

On the basis of industry vertical, the industry machinery segment dominated the overall U.S. computer numeric control market in 2015, and is expected to continue this trend during the forecast period. This is attributed to increase the use of automatic industrial machinery in the manufacturing process. In addition, industries are shifting their working toward computer aided manufacturing process, this is one of the major factors which is anticipated to boost the CNC market growth in the U.S. However, the automobile segment is expected to witness highest growth in the upcoming years as there has been an increase in the adoption of CNC machine among the key automobile vehicle manufacturer and its key vendors due to its capability to perform intricate operation. These benefits will create lucrative opportunity the computer numeric control market during forecast period. 

The report includes the study of the computer numerical control market focusing on various growth prospects and restraints in the market based on regional analysis. The study highlights Porter’s five forces analysis for the market that comprises the impact of suppliers, competitors, new entrants, substitutes, and buyers on the market. Furthermore, the study depicts the value chain analysis for the computer numerical control market.

Key players profiled in the U.S. CNC machines market include Bosch Rexroth AG, Dalian Machine Tool Group Corporation (DMTG), Fagor Automation, FANUC Corporation, GSK CNC equipment co. Ltd, HAAS Automation, Inc., Heidenhain Corporation, Hurco Companies, Inc., Mitsubishi Electric Corporation, Okuma Corporation, Sandvik AB, and Soft Servo Systems Inc.

Segment review

The U.S. computer numerical control market is segmented into machine tool type and industry vertical. By machine tool type, the market is categorized into lathe, mills, routers, grinders, and others. By industry vertical, it is segregated into aerospace & defense, automobile, consumer electronics, healthcare, industrial machinery, and others (metal & mining and transportation). 

U.S. CNC Machines Market
By Machine Tool Type

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Mills segment is projected as one of the most lucrative segments.

Impact of COVID-19 on the U.S. CNC Machines Market Share

According to U.S. CNC Machines Market Analysis Post COVID-19, the U.S. CNC machines industry size was valued at $2,314.11 million in 2015, and is projected to reach $4,009.59 million by 2030, growing at a CAGR of 4.9% from 2021 to 2030.

The pandemic has caused recession in the economy that has forced various enterprises across the globe to dramatically and rapidly shift their operations. The industries around the globe are being severely affected by the COVID-19-induced recession; however, the impact on the technology sector during the crisis was comparatively lesser than the rest of the economy. The rundown of events encouraging the proliferation of new-age technologies, such as artificial intelligence and internet of things has increased.

The computer numeric control market trends is observing growing popularity and attention of researchers in both industry and academia as a means to decrease human contact between machine & operator and produce the revenue streams for service providers due to the features in technology. During the COVID-19 pandemic, organizations that deployed computer numeric control earlier have been able to quickly adjust to the new variant of virus due to lesser contact between the human and machine that will help to achieve business requirements that were resulting due to advancement in healthcare industry. Computer numeric control help organizations cope with the ongoing pandemic and maintain economically positive operations. This will creative opportunity in U.S. CNC machines industry.

U.S. CNC Machines Market
By Industry Vertical

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Automotive segment is projected as one of the highest growing Industry Vertical.

Top impacting factors    

Numerous factors which are responsible for U.S. CNC machines market growth such as increase in demand in mass production plants and rise in need for precision & time effectiveness drive the growth of the computer numeric control market in the U.S. However, high cost of CNC machines and stringent government regulation regarding manufacturing processes in the U.S. restrain the growth of the market in the country. Furthermore, increased focus on the technological advancements such as artificial intelligence and robotics and increase in application areas of computer numeric control market are projected to create lucrative opportunities in the U.S. market.

Increase in demand in mass production plants in the U.S.

CNC solutions have been increasingly deployed in mass production plants, owing to their ability of manufacturing high precision parts and components. Moreover, the diversified range to techniques such as CAD and CAM used in CNC to produce standardized parts through machine tools are completely interchangeable. Furthermore, the application of CNC in the manufacturing plants has a direct impact on cost reduction along with substantial increase in productivity and quality of the final product. Thus, all above mentioned capabilities of CNC influence the growth of the industry verticals such as automobile and aerospace & defense and creates lucrative U.S. CNC machines market opportunity. 

Key Benefits For Stakeholders

  •  US The study provides an in-depth analysis of the U.S. CNC machines market along with the current trends and future estimations to elucidate the imminent investment pockets.
  •  US Information about key drivers, restrains, and opportunities and their impact analysis on the U.S. CNC machines market size is provided in the report.
  •  US Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
  •  US The quantitative analysis of the U.S. CNC machines market for the period 2015–2030 is provided to determine the market potential.

Key Market Segments

By Machine Tool Type

  •  US Lathes
  •  US Mills
  •  US Routers
  •  US Grinders
  •  US Others

By Industry Vertical

  •  US Aerospace & Defense
  •  US Automobile
  •  US Electronics
  •  US Healthcare
  •  US Industry Machinery
  •  US Others

Key Market Players 

  • Bosch Rexroth AG
  • Dalian Machine Tool Group Corporation (DMTG)
  • Fagor Automation
  • FANUC Corporation
  • GSK CNC EQUIPMENT CO. LTD
  • HAAS Automation Inc
  • Heidenhain Corporation
  • Hurco Companies Inc
  • Mitsubishi Electric Corporation
  • Okuma Corporation
  • Sandvik AB
  • Soft Servo Systems Inc
 

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The computer numerical control market possesses high growth potential in the manufacturing industry. The current business scenario has witnessed an increase in the adoption of CNC machines in developed and developing regions. The companies adopt efficient techniques, such as integrating automation for CNC machines, in an effort to provide customers with advanced and innovated product offerings. Furthermore, according to industry experts, factory shops can reduce labor hour per machine by up to 75% with an effective automation solution.

Among the industry verticals, industrial machinery accounted for the largest revenue share in 2015, due to increase in demand in mass production plants. U.S. exhibited the highest adoption of CNC due to the presence of number of manufacturing facilities and key vendors, which is expected to grow at a faster pace, predicting a lucrative market growth for the CNC in the U.K.

The CNC companies are focusing on leveraging new technologies such as robotics and AI for offering intelligent manufacture services to cope with the growing requirements of customer. Key players have adopted various growth strategies to enhance and develop their product portfolio, garner maximum market share, and increase their market penetration. Thus, the market is witnessing new product launches and increasing adoption of computer numeric control by leading players. For instance, in December 2020, Sandvik AB which is a global leader in the provider of CNC solution acquired U.S. based CGTech, a global market leader in software for numerical control (NC/CNC) simulation, verification, and optimization. By the acquisition CGTech will be part of Sandvik Machining Solutions' division Sandvik Coromant, within the business area Sandvik Manufacturing and Machining Solutions. This will provide better service to customers based in the U.S.

In the U.S., the top key players are focusing on the training and awareness program of industrial worker and engineers for effective use of computer numeric control machine. For instance, in April 2021 FANUC America which is leading factory automation service provider partnered with Doosan Machine Tools America, a leading provider of CNC machine tools, by this partnership Doosan Machine Tools provide FANUC certified computer numeric control training to improve workers skills.

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