CNC Machine Tools Market Report 2025 (Global Edition)

Global CNC Machine Tools Market Report 2025 Market Size Split by Product Type (Milling Machines, Drilling Machines, Grinding Machines, Others), by Industry Type (Automotive and Transportation, Sheet M...

CNC Machine Tools Market Report Description

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CNC Machine Tools Market Insights Video

Competitive Landscape of CNC Machine Tools

Key manufacturers constantly concentrate on R&D to elevate their product portfolio with improvements in the global CNC machine tool market. They are also readily embracing the movements set by Industry 4.0. Okuma Corporation. Furthermore, partnerships in the industry are anticipated to drive the CNC machine tool market over the forecast period. 

• September 2021: Kongsberg Precision Cutting Systems has finalized its decision to acquire MultiCam, a distributor of CNC cutting machines. The acquisition will assist Kongsberg Precision in enhancing its customer base across Canada, the U.S., and Germany, utilizing the sales offices of MultiCam in the aforementioned locations.

(Source:www.businesswire.com/news/home/20210822005015/en/Kongsberg-Precision-Cutting-Systems-Acquires-MultiCam)

• August 2021: MES Inc. declared the acquisition of Versatech, LLC, a prominent CNC machine solutions manufacturer. This acquisition will augment the intentions of MES Inc. to increase its prominence in the last-mile manufacturing industry.

(Source:www.prweb.com/releases/mes_accelerates_manufacturers_speed_to_market_with_acquisition_of_versatech_cnc_machining/prweb18134964.htm)

• April 2019: Fanuc Corporation collaborated with Preferred Networks, Inc., and developed an Al function named Al Servo Monitor that manages control data from the spindle axis and provides axis machines with high-speed sampling.

(Source:www.preferred.jp/en/news/pr20190411/)

Top Companies Market Share in CNC Machine Tools Industry: (In no particular order of Rank)

• Doosan Machine Tools Co. Ltd. (Japan)
• AMADA Pvt. Ltd. (Japan)
• Makino (Japan)
• JTKET Corporation (Japan)
• Georg Fischer Ltd. (Switzerland)
• Komatsu NTC Ltd. (Japan)
• OKUMA Corporation (Japan)
• Hyundai WIA (South Korea)
• Schuler AG (Germany)
• Chiron Group SE (Germany)
• MAG IAS GmbH (Germany)
• GROB-WERKE GmbH & Co. KG (Germany)
• Haas Automation Inc. (USA)
• Gleason Corporation (USA)
• Spinner Machine Tools (Germany)
• Dalian Machine Tools Group Corporation (China)
• Yamazaki Mazak Corporation (Japan)
• DMG MORI (Germany)
• Electronica Hitech Engineering Pvt. Ltd. (India)
• Ace Micromatic Group (India)
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

In terms of revenue, Asia Pacific CNC Machine Tools Market share was 35% of total market

According to Cognitive Market Research, Asia-Pacific dominated the market in 2023 and accounted for more than 35% of the global revenue due to increasing demand for precision products in short lead-time, leading to increased CNC machine adoption. The mass production of difficult applications such as automotive, aerospace, medical, and semiconductor industries is anticipated to enhance the demand for these machines. The advancements offered by computer numerical control machines, such as the quick and efficient production of numerous products in one batch, are gaining popularity. Moreover, the growing adoption of additive and subtractive CNC machines is an evolving trend in the machine tool industry. Thus, manufacturers are developing hybrid machinery to keep up with the same trend. 

• For instance, in December 2019, DMG MORI introduced LASERTEC 125 3D, a mixed manufacturing technique, at Formnext 2019. LASERTEC 125 3D is a 5-axis laser deposition welding method concentrated on repairing, maintaining, and building large workpieces up to 2,000 kg.

(Source:www.engineering.com/story/dmg-mori-launches-newest-lasertec-125-3d-hybrid)

Europe is the fastest-growing category over the forecast period. The region has been at the vanguard of technical improvements in the manufacturing sector. Constant innovation and research have shown the development of cutting-edge CNC machine tools with expanded capabilities. The expansion is driven by Germany, Italy, France, and Central and Eastern European countries. Shortage of labor prompting metalworking firms to enhance their investment in automation to expand the efficiency of their CNC machine tools is anticipated to drive market growth over the forecast period. Moreover, the manufacturing sector must maintain the increasing requirement for products and services to help this. Hence, smart technology is increasingly integrated into manufacturing processes since it allows firms to increase their productivity, maximize their resources, and help in innovating products. Intelligent technology integration in the rural industry shifted toward more cultivated manufacturing. This transformation will allow rural industries to manufacture goods & generate benefits digitally, which is anticipated to create a faster adoption in the region.

The current report Scope analyzes CNC Machine Tools Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

CNC Machine Tools Market Analysis

Product Type Segment Analysis

According to Cognitive Market Research, milling machines are primarily used in CNC machine tools across various industries. Solid carbides are materials showing considerable adoption in the CNC machine tool market. The favorable acceleration of the metalworking technique industries around the globe has ignited the market for CNC machine tools. Moreover, the emergence of Industry 4.0 and the integration of cutting-edge technologies like machine learning, artificial intelligence, and robotics have converted milling machines into smart and efficient tools qualified to perform intricate tasks. Automation decreases the requirement for human intervention, leading to improved productivity, improved accuracy, and seamless integration within manufacturing operations.

Grinding machines are the second-most used product due to increased automation for exactness grinding, heightened operational efficiency, various applications in aerospace and automotive sectors, cutting-edge technological innovations, integration with Industry 4.0 principles, the market for fine surface finishes, decreased manual labor dependency, alignment with global manufacturing trends, and the post-COVID shift towards touchless manufacturing. These drivers contribute to developing and adopting grinding machines, shaping the CNC machine tools market toward more streamlined, authentic, and technologically advanced manufacturing processes.

• Milling Machines
• Drilling Machines
• Grinding Machines
• Others

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of CNC Machine Tools Industry. Request a Free Sample PDF!

Industry Type Segment Analysis

The automotive is the CNC machine tools market's most popular offering due to the growing demand for more rapid production of favorably efficient parts in the automotive sector. These machines can deliver different parts, including a car's combustion engine, bushings, lights, exhaust, suspension, fluid system components, and valve retainers. The automotive sector requires increased accuracy, precision, decreased operational time, and repetitive assignments without discrepancies, resulting in the improved penetration of CNC machines in this sector. The rising demand for electric vehicles and the growing demand for processing ultra-precision domains for EVs are expected to affect the growth of the automotive segment positively. The rising demand for customized automotive components like cylinder heads, crankshafts, and motor pumps is also anticipated to contribute to market growth.

According to Cognitive Market Research, sheet metal is the second-most popular product. CNC metal cutting machine tools are attaining immense favor due to their high accuracy, time, and focus on energy efficiency. Moreover, the high demand for electrochemical machining results in the expansion of the metal cutting segment. This factor is attributed to several benefits of electrochemical machining and micromachining for improved surface integrity in various applications, such as stress-free drilled holes in the automotive sector and difficult shapes manufacturing in the aerospace industry.

• Automotive and Transportation
• Sheet Metals
• Capital Goods
• Energy
• Others

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Author's Detail

Aarti Bagekari

Research Associate at Cognitive Market Research

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I am Aarti Bagekari, worked as a research associate with strong passion for transforming complex information into strategic insights. My strong analytical skills, coupled with a deep understanding of market dynamics and consumer behavior, empower me to identify hidden opportunities and proactively mitigate risks for clients. As a part of team, I possess a skills in data analysis, segmentation, competitive landscape.

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