CNC metal cutting machining is a manufacturing process that uses computer software that has been pre-programmed to control the movement of factory machines and equipment. The approach is used to control an extensive range of complex devices, including metal cutting, broaching, grinders, lathes, and others. The global CNC Metal Cutting Machine Tools market is expected to grow at a significant rate in the forecast period.
The growth of the global CNC Metal Cutting Machine Tools market has been increasing due to the expansion of manufacturing sectors and increased industrialization in developing nations such as China and India. Additionally, because of their advanced technology, laser metal cutting machines have grown in popularity since they provide a higher degree of precision than traditional metal cutting machines. This crucial factor further boosts the growth of the CNC Metal Cutting Machine Tools market.
Furthermore, manufacturers' shift toward a more cost-effective and faster production process has resulted in the huge acceptance of additive manufacturing. In addition, the use of 3D printing in the consumer electronics, medical, and automotive industries have led to the expansion of the additive manufacturing industry. Hence, due to the growth of additive manufacturing, the global CNC Metal Cutting Machine Tools market is expected to rise considerably in the forthcoming years.
On the contrary, the constant fluctuations in foreign currency exchange tend to erode the profit margins of CNC metal cutting machine market participants.
Covid-19 Impact on CNC Metal Cutting Machine Tools Market
The intensity of COVID-19 impact on the construction and manufacturing sector is immense compared to other sectors. With the immediate actions taken to curb the spread of the infection, restrictions were imposed on manufacturing, personnel transport, and construction activities. These restrictions caused huge losses to the sector. As most construction sites in several countries shut down and many sites that reopened have faced disrupted supply chains and operational restrictions. A recently published stats show the overall construction and manufacturing industry is about to drop by 15 to 35% which is going to directly affect nations GDP.
CNC Metal Cutting Machine Tools Market Segment Overview
Based on the Application, Aerospace and Defense is the largest segment in the global CNC Metal Cutting Machine Tools Market. The use of these cutting tools in the aerospace and defense sector has played an important role in market growth. The defense industry is amongst the most sought-after industries across the world. In addition, governments have been investing hugely in the defense sector, and this factor is mainly supported the market’s growth. Moreover, the presence of an expansive sector for shipbuilding has also helped the growth of the market in current times. Additionally, the use of these cutting tools in the automotive sector is anticipated to chalk in large revenues into the global market. Also, the requirement for strong and effective cutting tools in the constructions industry has played a crucial role in the growth of the global CNC metal cutting machine tools market.
CNC Metal Cutting Machine Tools Market, By Product Type
· Vertical Machine Centers
· Horizontal Machine Centers
· CNC Grinder
CNC Metal Cutting Machine Tools Market, By Application
· Aerospace and Defense
· Shipbuilding
· Construction
· Automotive
CNC Metal Cutting Machine Tools Market Regional Overview
In terms of region, North America commanded a major share of the global CNC Metal Cutting Machine Tools market and is predictable to maintain its supremacy over the forecast period. The shift of manufacturers to smart manufacturing has resulted in the growth of the demand for CNC machine tools. Further, the metal processing industry has progressed dramatically over the last few years. All these factors contribute to the growth of the market in this region. Likewise, the market for CNC metal cutting machine tools in the Asia Pacific has been growing at a significant rate in the coming years. This is due to the presence of industrial bases for several multinational companies in China and India.
CNC Metal Cutting Machine Tools Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
CNC Metal Cutting Machine Tools Market, Key Players
· Dalian Machine Tool Group Corporation
· Hurco Companies, Inc.
· Yamazaki Mazak Corporation
· DMG MORI CO. LTD
· FANUC CORPORATION
· JTEKT CORPORATION
· Okuma Corporation
· Makino Milling Machine Co. Ltd.
· Haas Automation Inc.
· EMAG GmbH & Co. KG
· Komatsu Ltd.
· AMADA MACHINE TOOLS CO. LTD.
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global CNC Metal Cutting Machine Tools Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Product Type
- 5.2.1. Vertical Machine Centers
- 5.2.2. Horizontal Machine Centers
- 5.2.3. CNC Grinder
- 5.3. Market Analysis, Insights and Forecast – By Application
- 5.3.1. Aerospace and Defense
- 5.3.2. Shipbuilding
- 5.3.3. Construction
- 5.3.4. Automotive
- 5.4. Market Analysis, Insights and Forecast – By Region
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Latin America, Middle East and Africa
6. North America CNC Metal Cutting Machine Tools Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Product Type
- 6.2.1. Vertical Machine Centers
- 6.2.2. Horizontal Machine Centers
- 6.2.3. CNC Grinder
- 6.3. Market Analysis, Insights and Forecast – By Application
- 6.3.1. Aerospace and Defense
- 6.3.2. Shipbuilding
- 6.3.3. Construction
- 6.3.4. Automotive
- 6.4. Market Analysis, Insights and Forecast – By Country
- 6.4.1. U.S.
- 6.4.2. Canada
7. Europe CNC Metal Cutting Machine Tools Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Product Type
- 7.2.1. Vertical Machine Centers
- 7.2.2. Horizontal Machine Centers
- 7.2.3. CNC Grinder
- 7.3. Market Analysis, Insights and Forecast – By Application
- 7.3.1. Aerospace and Defense
- 7.3.2. Shipbuilding
- 7.3.3. Construction
- 7.3.4. Automotive
- 7.4. Market Analysis, Insights and Forecast – By Country
- 7.4.1. UK
- 7.4.2. Germany
- 7.4.3. France
- 7.4.4. Italy
- 7.4.5. Spain
- 7.4.6. Russia
- 7.4.7. Rest of Europe
8. Asia Pacific CNC Metal Cutting Machine Tools Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Product Type
- 8.2.1. Vertical Machine Centers
- 8.2.2. Horizontal Machine Centers
- 8.2.3. CNC Grinder
- 8.3. Market Analysis, Insights and Forecast – By Application
- 8.3.1. Aerospace and Defense
- 8.3.2. Shipbuilding
- 8.3.3. Construction
- 8.3.4. Automotive
- 8.4. Market Analysis, Insights and Forecast – By Country
- 8.4.1. China
- 8.4.2. India
- 8.4.3. Japan
- 8.4.4. Australia
- 8.4.5. South East Asia
- 8.4.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa CNC Metal Cutting Machine Tools Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Product Type
- 9.2.1. Vertical Machine Centers
- 9.2.2. Horizontal Machine Centers
- 9.2.3. CNC Grinder
- 9.3. Market Analysis, Insights and Forecast – By Application
- 9.3.1. Aerospace and Defense
- 9.3.2. Shipbuilding
- 9.3.3. Construction
- 9.3.4. Automotive
- 9.4. Market Analysis, Insights and Forecast – By Country
- 9.4.1. Brazil
- 9.4.2. Saudi Arabia
- 9.4.3. UAE
- 9.4.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Dalian Machine Tool Group Corporation
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Hurco Companies, Inc.
- 10.6. Yamazaki Mazak Corporation
- 10.7. DMG MORI CO. LTD
- 10.8. FANUC CORPORATION
- 10.9. JTEKT CORPORATION
- 10.10. Okuma Corporation
- 10.11. Makino Milling Machine Co. Ltd.
- 10.12. Haas Automation Inc.
- 10.13. EMAG GmbH & Co. KG
- 10.14. Komatsu Ltd.
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
