Dublin, June 08, 2023 (GLOBE NEWSWIRE) -- The "CNC Controllers - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global CNC Controllers Market to Reach $4.4 Billion by 2030
In the changed post COVID-19 business landscape, the global market for CNC Controllers estimated at US$3 Billion in the year 2022, is projected to reach a revised size of US$4.4 Billion by 2030, growing at a CAGR of 4.6% over the analysis period 2022-2030. Software & Services, one of the segments analyzed in the report, is projected to record 5% CAGR and reach US$3.1 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Hardware segment is readjusted to a revised 3.8% CAGR for the next 8-year period.
The U.S. Market is Estimated at $407.8 Million, While China is Forecast to Grow at 5.8% CAGR
The CNC Controllers market in the U.S. is estimated at US$407.8 Million in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.4 Billion by the year 2030 trailing a CAGR of 5.8% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3% and 3.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.7% CAGR.
What`s New for 2023?
- Special coverage on Russia-Ukraine war; global inflation; easing of 'zero-Covid' policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to our digital archives and MarketGlass Research Platform
- Complimentary updates for one year
Select Competitors (Total 82 Featured)-
- AMS Micromedical LLC
- Bosch Rexroth AG
- DMG Mori Seiki Co. Ltd.
- Dr. Johannes Heidenhain GmbH
- Fagor Automation
- FANUC Corporation
- Haas Automation, Inc.
- Hurco Companies Inc.
- JTEKT Corporation
- Mitsubishi Electric Corp.
- Okuma Corporation
- Siemens AG
- Takisawa Machine Tool Co., Ltd.
- Wuhan Huazhong Numerical Control Co., Ltd.
- Yamazaki Mazak Corporation
- YUG Machine Tools
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 499 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $3 Billion |
| Forecasted Market Value (USD) by 2030 | $4.4 Billion |
| Compound Annual Growth Rate | 4.9% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- A Review on Market Dynamics of the Machine Tools Industry
- CNC Controllers: Playing a Vital Role in Automation
- Smart Machining Centers Become Pivotal to COVID-19-Led Shift Towards Smart Manufacturing
- Impact of Pandemic on CNC Machine Tools Market
- Global Economic Update
- World Shifts to an Endemic COVID-19 Strategy With Focus on Multilateral Approach to Managing Future Pandemics
- War, Inflation & High Cost of Living Crisis Supersede COVID-19 as Major Downside Risks for the Global Economy in 2022 & Beyond
- Inflationary Pressures Impact Global Economy
- Russia-Ukraine War Impact
- World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020, 2021, 2022 and 2023
- Competition
- CNC Controllers - Global Key Competitors Percentage Market Share in 2022 (E)
- CNC Controllers Competitor Market Share Scenario Worldwide (in %): 2020E
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- As Digitalized CNC Machining Gains Momentum, Control Systems Feel the Pressure to Scale Up
- Strong Focus Shed on Automation in Manufacturing Provides the Cornerstone for the Growth of CNC Controllers
- Robust Outlook for Industrial Automation Brightens Prospects for CNC Controllers: Global Opportunity for Industrial Automation (In US$ Billion) for Years 2022, 2024 and 2026
- CNC Machining Remains the Most Popular Subtractive Manufacturing Technology
- A Review of Latest Developments in CNC Machinery Technology
- Increasing Adoption of Industry 4.0 Boosts Prospects
- IIoT-based CNC Machinery to Provide Manufacturers with Improved Operational Capabilities
- Global Market for IIoT (In US$ Billion) for Years 2022, 2024, 2026 and 2028
- Industry 4.0 Architecture for Smart Machine Controller
- AI to Make an Impact on Machining Centers
- Demand for Precision Components Spurs Investment Opportunities
- Global Precision Parts Market for the Years 2022, 2024, 2026 & 2028 (In US$ Million)
- Rapid Mushrooming of Job Shops in Developing Countries Poised to Benefit Demand
- Reshoring Drives Growth Prospects in Developed Markets
- Market Witnesses Notable Uptick in Demand for Five-Axis CNC Machines
- Automotive Industry Emerges as a Major End-Use Sector
- CNC Machining: Key Part Applications
- Established Role of CNC Machining in Aerospace Industry Augurs Well
- Machining Centers Evolve as Preferred Tools for Manufacturing Critical & Complex Components Aircraft Parts
- Aerospace Industry: Staged Recovery over Long-Term to Boost Prospects
- Global Aerospace Parts Manufacturing Market (In US$ Billion) for Years 2022, 2024 and 2026
- CNC Controllers and Vulnerabilities in CNC Machines
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/c69282
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