Report Description
A recent market
intelligence report that is published by Data Insights Partner on the
global Computer Numerical Controls (CNC) Market makes an offering of in-depth analysis of segments and
sub-segments in the regional and international Computer
Numerical Controls (CNC) Market. The research
also emphasizes on the impact of restraints, drivers, and macro indicators on
the regional and global Computer Numerical Controls (CNC) Market over the short as well as long period of time. A detailed
presentation of forecast, trends, and dollar values of global Computer
Numerical Controls (CNC) Market is offered. In
accordance with the report, the global Computer Numerical Controls (CNC)
Market is projected to
expand at a CAGR of 6.32% over the period of forecast.
Market Insight, Drivers, Restraints&
Opportunity of the Market:
Computer Numerical Controls (CNC) is a control system which is used
in the manufacturing sector for machine tools. The use of CNC helps in end to
end design of a component using computer aided design or computer aided
manufacturing. The rising demand for automation in manufacturing is expected to
drive the market for CNC during the forecast period. Moreover, the use of CNC
increases the work output efficiency and also reduces the need for manpower.
These factors are expected to push the growth for CNC machines globally.
The emerging concept of smart manufacturing is creating the need for
open source platform or open infrastructure. The idea behind open
infrastructure is to combine disparate systems to create innovative solutions.
CNC’s are an integral part of smart manufacturing. Hence the demand for open
infrastructure is expected to drive the market for CNC machines during the
forecast period.
The use of CNC machines enables the operators to make changes with a
minimum delay or wastes of resources. In addition, the application of these
machines also reduces the chances of errors caused due to operator fatigue or
interruptions. Furthermore, it improves production planning and lowers the
tooling costs. Hence, the use of CNC machines indirectly lowers the cost of
manufacturing. This factor is driving the market for CNC machines globally.
The global competitive environment is forcing the leading players
for efficient manufacturing techniques. In addition, they are also trying to
achieve a competitive advantage by redesigning their manufacturing facilities
for smaller footprints. Smaller footprints helps in lowering the manufacturing
cost by improving the coordination of production process. Compact CNC machines
are being used by these leading players to create smaller footprints.
The CNC machines need to be operated by skilled professionals who
have the knowledge to write and debug programs in a timely manner. In addition,
these skilled professionals are expensive to be employed. Hence the need for
skilled professionals is a major challenge effecting the growth of the CNC
market globally. Fanuc Corporation focuses on new product development as their
primary business strategy to sustain in the competitive environment. In 2016,
the company launched a new product FANUC Panel ‘I’ which is integrated with
personal computer functions such as CNC for better factory automation
environment, In addition, it helps machine tool builders to create unique
functions.
Haas Automation, Inc. follows a business strategy of building
innovative CNC machines in order maintain its key position in global CNC
market. In 2016, the company showcased their Next Generation CNC with improved
user interface and intuitive navigation experience. In addition, these machines
have new visual programming systems which is expected to be more efficient in
nature.
Segment Covered:
This market
intelligence report on the global Computer Numerical Controls (CNC) Market encompasses market segments based on hardware, machine type, axis type and country.
In terms of hardware, the Computer Numerical Controls (CNC) Market is segregated
into
·
CNC Machine
·
CNC Controller
By machine type, the global Computer
Numerical Controls (CNC) Market is also classified into,
·
CNC Machining Center
·
CNC Turning Center
By axis type, the global Computer Numerical
Controls (CNC) Market is also classified into,
·
2-Axis
·
3-Axis
·
4-Axis
·
5-Axis
·
Multiaxis
By country/region,
the global Computer Numerical Controls (CNC) Market has been divided into
·
North America (the U.S.,
Canada)
·
Latin America (Brazil, Mexico, Argentina
and other countries)
·
Europe (Germany, France, the
U.K., Spain, Italy, Russia, and other countries)
·
Asia Pacific (India, Japan,
China, Australia and New Zealand and other countries)
·
Middle East and Africa (GCC,
South Africa, Israel and Other countries).
Profiling of Market
Players:
This business
intelligence report offers profiling of reputed companies that are operating in
the market. Companies such as
·
Fanuc Corporation
·
Siemens AG
·
Mitsubishi Electric Corporation
·
DMG Mori Co., Ltd.
·
Hurco Companies, Inc.
·
Okuma Corporation
·
Wuhan Huazhong Numerical
Control Co. Ltd.
·
Bosch Rexroth AG
·
Fagor Automation
·
Haas Automation, Inc.
·
Yamazaki Mazak Corporation
Others players have
been profiled into detail so as to offer a glimpse of the market leaders.
Moreover, parameters such as Computer Numerical Controls (CNC) related investment & spending and developments by
major players of the market are tracked in this global report.
Report Highlights:
In-depth
analysis of the micro and macro indicators, market trends, and forecasts of
demand is offered by this business intelligence report. Furthermore, the report
offers a vivid picture of the factors that are steering and restraining the
growth of this market across all geographical segments. In addition to that, Growth
Matrix analysis is also provided in the report so as to share insight of the
investment areas that new or existing market players can take into consideration.
Various analytical tools such as DRO analysis, Porter's five forces analysis
has been used in this report to present a clear picture of the market. The
study focuses on the present market trends and provides market forecast from
the year 2017-2027. Emerging trends that would shape the market demand in the
years to come have been highlighted in this report. A competitive analysis in
each of the geographical segments gives an insight into market share of the
global players.
Salient Features:
Ø
This study offers
comprehensive yet detailed analysis of the Computer
Numerical Controls (CNC) Market, size of the
market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of
forecast: 2019 – 2027, taking into account 2018 as the base year
Ø
It explains upcoming
revenue opportunities across various market segments and attractive matrix of
investment proposition for the said market
Ø
This market
intelligence report also offers pivotal insights about various market opportunities,
restraints, drivers, launch of new products, competitive market strategies of
leading market players, emerging market trends, and regional outlook
Ø
Profiling of
key market players in the world Computer Numerical Controls (CNC) Market is done by
taking into account various parameters such as company strategies, distribution
strategies, product portfolio, financial performance, key developments,
geographical presence, and company overview
Ø
Leading
market players covered this report comprise names such as Fanuc, Siemens, Haas among
others
Ø
The data of
this report would allow management authorities and marketers of companies alike
to take informed decision when it comes to launch of products, government
initiatives, marketing tactics and expansion, and technical up gradation
Ø
The world market
for Computer Numerical Controls (CNC) caters to the needs of various stakeholders pertaining to this
industry, namely suppliers, manufacturers, investors, and distributors for Computer
Numerical Controls (CNC) Market. The research
also caters to the rising needs of consulting and research firms, financial
analysts, and new market entrants
Ø
Research
methodologies that have been adopted for the purpose of this study have been
clearly elaborated so as to facilitate better understanding of the reports
Ø
Reports have
been made based on the guidelines as mandated by General Data Protection
Regulation
Ø
Ample number
of examples and case studies have been taken into consideration before coming
to a conclusion
Reasons to buy:
v
Identify
opportunities and plan strategies by having a strong understanding of the
investment opportunities in the Computer Numerical Controls (CNC) Market
v
Identification
of key factors driving investment opportunities in the Computer
Numerical Controls (CNC) Market
v
Facilitate
decision-making based on strong historic and forecast data. Position yourself
to gain the maximum advantage of the industry’s growth potential
v
Develop
strategies based on the latest regulatory events. Identify key partners and
business development avenues
v
Respond to
your competitors’ business structure, strategy and prospects
v
Identify key
strengths and weaknesses of important market participants