CNC Metal Cutting Machine Market to reach a market size of $105.3 billion by 2025 - KBV Research

 
 
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Cnc Machine

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Location:
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NEW CITY, N.Y. - March 20, 2020 - PRLog -- According to a new report Global CNC Metal Cutting Machine Market, published by KBV Research, The Global CNC Metal Cutting Machine Market size is expected to reach $105.3 billion by 2025, rising at a market growth of 6.5% CAGR during the forecast period. High demand for maximum efficiency with great precision and control is projected to lead to the growth of the market. The prevalent use of CNC forming operations in sheet bending, such as press brake bending, tube bending and stamping, roll forming, is expected to drive the market for CNC metal forming machine tools in the coming years.

Among the end-users, the automotive sub-segment captured the highest market share in 2018 and the electronics segment is expected to see the highest growth rate during the forecast period. The growth can be linked with technical developments and an increase in focus on the electronics industry. The Aerospace & Defense market is poised to grow at a CAGR of 7.4% during (2019 - 2025). Additionally, The Power & Energy market is expected to witness CAGR of 7.9% during (2019 - 2025).

Asia Pacific is expected to dominate the market share of CNC machine tools. This is due to the growing demand from the automotive industry from emerging economies like India. The increasing demand for lightweight vehicles for different uses and made from different materials results in the development of machines with applications for different metals.

Global CNC Metal Cutting Machine Market Segmentation

By Type


• Machining Centers
• Lathe Machines
• Gear Cutting Machines
• Laser Cutting Machines
• Others

By End User

• Automotive
• Electronics
• Aerospace & Defense
• Power & Energy
• Others

By Geography

North America


• US
• Canada
• Mexico
• Rest of North America

Europe

• Germany
• UK
• France
• Russia
• Spain
• Italy
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• South Korea
• Singapore
• Malaysia
• Rest of Asia Pacific

LAMEA

• Brazil
• Argentina
• UAE
• Saudi Arabia
• South Africa
• Nigeria
• Rest of LAMEA

Companies Profiled

• Hurco Companies, Inc.
• Lincoln Electric Holdings, Inc.
• Amada Holdings Co., Ltd.
• Komatsu Ltd.
• Okuma Corporation
• DMG Mori Seiki Co. Ltd.
• Yamazaki Mazak Corporation
• Dalian Machine Tool Group (DMTG) Corporation
• Mondragon Corporation (Danobat Group)
• Nissan Tanaka Corporation

Structural Insights: https://www.kbvresearch.com/cnc-metal-cutting-machine-market/

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Tags:Cnc Machine
Industry:Manufacturing
Location:New City - New York - United States
Subject:Products
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