Published Date: 29-Feb-2020
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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. The Europe market is expected to witness a CAGR of 6.3% during (2019 - 2025). Additionally, The North America market would grow at a CAGR of 5.8% during (2019 - 2025).
By type, the laser cutting machines segment is anticipated to grow at the highest CAGR in the coming years due to the expansion of the metal cutting and automotive sector. The CNC metal cutting machine industry has seen significant growth over the last decade due to new advances in CNC and automation technology. The Machining Centers market dominated the Global CNC Metal Cutting Machine Market by Type in 2018.
Structural Insights: https://www.kbvresearch.com/cnc-metal-cutting-machine-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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), and Nissan Tanaka Corporation.
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