CNC machines are making parts around the world for almost every industry. They create things out of plastics, metals, aluminum, wood and many other hard materials. All automated motion control machines have three primary components – a command function, a drive/motion system, and feedback system. CNC machining is the process of using a computer-driven machine tool to produce a part out of solid material in a different shape. The CNC depends on digital instructions usually made on Computer Aided Manufacturing (CAM) or Computer Aided Design (CAD) software like SolidWorks or MasterCAM. The software writes G-code that the controller on the CNC machine can read. The computer program on the controller interprets the design and moves cutting tools and/or the workpiece on multiple axes to cut the desired shape from the workpiece. The automated cutting process is much faster and more accurate than a manual movement of tools and workpieces which is done with levers and gears on older equipment. Modern-day CNC machines hold multiple tools and make many types of cuts. The number of planes of movement (axes) and the number and types of tools that the machine can access automatically during the machining process determine how complex a workpiece a CNC can make. In this report, we only study CNC Lathe and Milling Machines
This report contains market size and forecasts of CNC Lathes and Milling Machines in global, including the following market information:
Global CNC Lathes and Milling Machines Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global CNC Lathes and Milling Machines Market Sales, 2017-2022, 2023-2028, (Units)
Global top five CNC Lathes and Milling Machines companies in 2021 (%)
The global CNC Lathes and Milling Machines market was valued at 19350 million in 2021 and is projected to reach US$ 29990 million by 2028, at a CAGR of 6.5% during the forecast period 2022-2028.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
CNC Lathes Machine Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of CNC Lathes and Milling Machines include Yamazaki Mazak, DMG Mori Seiki, Okuma Corporation, GROB-WERKE, Makino, Doosan Machine Tools, Haas Automation, GF Machining Solutions and JTEKT Corporation, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the CNC Lathes and Milling Machines manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global CNC Lathes and Milling Machines Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global CNC Lathes and Milling Machines Market Segment Percentages, by Type, 2021 (%)
CNC Lathes Machine
CNC Milling Machine
Global CNC Lathes and Milling Machines Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global CNC Lathes and Milling Machines Market Segment Percentages, by Application, 2021 (%)
Automobile Industry
Machinery Manufacturing
Aerospace & Defense
Others
Global CNC Lathes and Milling Machines Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global CNC Lathes and Milling Machines Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies CNC Lathes and Milling Machines revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies CNC Lathes and Milling Machines revenues share in global market, 2021 (%)
Key companies CNC Lathes and Milling Machines sales in global market, 2017-2022 (Estimated), (Units)
Key companies CNC Lathes and Milling Machines sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Yamazaki Mazak
DMG Mori Seiki
Okuma Corporation
GROB-WERKE
Makino
Doosan Machine Tools
Haas Automation
GF Machining Solutions
JTEKT Corporation
Haitian Precision
Hermle
Chiron Group
Fair Friend Group
Hyundai WIA
Starrag Group
EMAG
Qinchuan
INDEX-Werke
Hurco
Hardinge Group
Nidec Machine Tool Corporation
TORNOS
Rifa Precision