Global CNC Metal Cutting Machine Market Grows Steadily at a CAGR of 5.5%

Introduction

A CNC metal cutting machine, CNC machining center, or CNC milling machine is a computer-controlled tool for precision metal workpiece cutting and shaping. Precision machining processes are performed by programming the machine's motions using computer-aided design (CAD) and manufacturing (CAM) software. The standard parts of a machine include a worktable or platform where the workpiece is placed, a strong foundation or frame, and a cutting tool that can move along several axes (often three or more). Depending on the desired machining method, the cutting tool could be a rotating milling cutter, a drill, or another device. The CNC metal cutting machine is managed by a computer program that specifies the workpiece's dimensions, shape, and cutting route. The program directs the cutting tool's movement, modifying the cut's speed, direction, and depth to get the desired outcome. Because of this, machining processes may be very precise and reproducible.

CNC metal cutting machines are widely used in many industries, including manufacturing, aerospace, automotive, and electronics, for milling, drilling, tapping, and turning. Compared to traditional hand machining, they offer several advantages, including increased precision, productivity, and the ability to produce complex shapes and designs.

Market Dynamics

Growth of Manufacturing Machinery Industries Drives the Global Market

The engineering and equipment markets now have a stronger base thanks to increased investments in the industrial machinery sector. In addition to the traditional markets for exporters of this equipment, the markets for CNC metal-cutting machines in Eastern and Central Europe have significant potential due to economic development. Foreign investors also pay particular attention to emerging countries' engineering and machinery sectors since they offer manufacturing prices, technology, and innovation advantages. The demand for machinery is also rising in the packaging, power, and railroad industries. In the next years, it is anticipated that this will raise demand for CNC metal-cutting machines, supporting the market's growth.

Machine Tool Industry-Friendly Government Regulations Create Tremendous Opportunities

The European Association of the Machine Tool Industries and Related Manufacturing Technologies (CECIMO) expects to apply tax regulations, government subsidies, and government initiatives like Made in China 2025 to fuel the growth of the machine tool sector. The Japanese government also presented a fresh concept dubbed Connected Industries, which will collaborate with the industry to produce machine tools. To encourage the growth of the machine tool industry, the Indian government also launched the Make in India and Skill India initiatives, which are expected to stimulate the demand for CNC metal-cutting machines.

Regional Analysis

Asia-Pacific is the most significant Global CNC Metal Cutting Machine Market shareholder and is estimated to exhibit a CAGR of 6.4% over the forecast period. CNC metal-cutting equipment is necessary but insufficient for the Asia-Pacific machine tool market. The expansion of the packaging and manufacturing industries has resulted in a rapid rise in the adoption of machine tools. China is already a significant player in the worldwide CNC metal-cutting machine market, and the output of high-efficiency machine tools is predicted to rise. The Asia-Pacific area has overtaken the world's largest CNC metal-cutting equipment market due to rising investments by significant infrastructure, defense, and aerospace manufacturers.

Additionally, due to increased urbanization and population expansion, the automotive and industrial sectors have expanded significantly in developing countries like China and India over the past few years. China is the world leader in the manufacture of CNC metal-cutting machines due to the rise of the automotive sector, which fuels market expansion in the Asia-Pacific area. Furthermore, it is projected that a stronger focus on technology development to create highly efficient CNC metal-cutting machines would soon fuel market expansion.

Europe is anticipated to exhibit a CAGR of 4.3% over the forecast period. Despite the economic crisis and decline in the metal-cutting business due to the machine tool sector's expansion, demand for CNC machines is predicted to rise in countries like Germany and Italy. Additionally, the market is predicted to expand due to rising investments in the industries that employ these machines for manufacturing, including aerospace, automotive, and military. Europe, led by Germany and Italy, dominates most international industries, particularly heavy equipment and airplanes. With a market share of more than 29% of the European Union, the German car industry placed fourth overall in motor vehicle manufacturing in 2017. In the world rankings for vehicle production, Germany came in third. As a result, it is projected that over the forecasting period, the rise of Europe's heavy machinery, automotive, and aerospace sectors will be a key factor in the market for CNC metal-cutting machines.

Key Highlights

• The global CNC metal-cutting machine market size was valued at USD 86.59 billion in 2022. It is estimated to reach USD 140.20 billion by 2031, growing at a CAGR of 5.5% during the forecast period (2023–2031).
• Based on the type, the global CNC metal-cutting machine market is bifurcated into machining centers, lathe machines, gear-cutting machines, and laser-cutting machines. The machining centers segment dominates the global market and is projected to exhibit a CAGR of 5.2% over the forecast period.
• Based on end-user, the global CNC metal cutting machine market is divided into automobile, aerospace and defense, electronics, power and energy, and others. The automobile segment is the most significant contributor to the market and is estimated to exhibit a CAGR of 4.9% over the forecast period.
• Asia-Pacific is the most significant global CNC metal-cutting machine market shareholder and is estimated to exhibit a CAGR of 6.4% over the forecast period.

Competitive Players

Competitive Players

The key players in the global CNC metal-cutting machine market are Amada Holdings Co., Ltd., Coherent, Inc., DMG MORI CO., Ltd., Hurco Companies, Inc., Komatsu Ltd, Lincoln Electric Holdings, Inc., Maschinenfabrik Berthold Hermle AG, Okuma Corporation, TRUMPF GmbH + Co. KG, and Yamazaki Mazak Corporation.

Recent Developments

Market News

• In November 2022, SAIL-RSP debuted a CNC plasma cutting machine: Ravi Ranjan, CGM (Shops, Design, and Roll Shop), inaugurated SAIL's Rourkela Steel Plant Structural and Fabrication Shop's first CNC Plasma Cutting Machine. Plasma and Oxy Propane flame cutting stations are on the Gantry CNC profile cutter. The machine will cut stainless steel and nonferrous plates into any shape.
• In October 2022, Sugino, a machinery maker, unveiled their XtenDED hybrid AM/CNC machine: Directed Energy Deposition and CNC machining are used in the dual-head machine known as the XtendDED.

Segmentation

Global CNC Metal Cutting Machine Market: Segmentation

By Type

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

By End-User

• Automobile
• Aerospace and Defense
• Electronics
• Power and Energy
• Others

By Region

• North America
• Europe
• Asia-Pacific
• Latin America
• The Middle East and Africa