CNC Machines Market Report 2025 (Global Edition)

Global CNC Machines Market Report 2025 Market Size Split by Offering (Machines, Parts & Accessories, Services), by Product (Milling Machines, Machining Centers, Lathe Machines, Laser Machines, Drillin...

CNC Machines Market Report Description

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Competitive Landscape of the CNC Machines Market

The competitive landscape of the CNC machines market is characterized by key players such as Haas Automation, DMG Mori Seiki, Mazak, and Trumpf, among others. These companies compete based on factors like technological innovation, product quality, : Establishing a strong presence in the market and prioritizing excellent customer service are crucial for retaining market share and fostering business expansion.

Feb 2023: The initiation of operations at a newly constructed plant in India is scheduled for March 2023.

(Source: https://www.mazakeu.com/news-events/company-news/India-plant/ )

April 2023: Okuma America Corporation introduces a new business segment dedicated to providing automation solutions tailored for manufacturers. (Source: https://www.okuma.com/press/okuma-america-corporation-launches-new-business-segment-focused-on-automation-solutions-for-manufacturers )

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

• Haas Automation
• Inc. (USA)
• DMG Mori Seiki Co.
• Ltd. (Japan)
• Mazak Corporation (Japan)
• Trumpf Group (Germany)
• Okuma Corporation (Japan)
• Hurco Companies
• Inc. (USA)
• Amada Holdings Co.
• Ltd. (Japan)
• Yamazaki Mazak Corporation (Japan)
• Fanuc Corporation (Japan)
• Makino Milling Machine Co.
• Ltd. (Japan)
• Confidential Data
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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.

Regional Analysis of the CNC Machines Market Market

Which Region Dominates the CNC Machines Market in 2024?

According to Cognitive Market Research, North America stands out as the dominant region in the CNC Machines Market due to its established manufacturing infrastructure, high adoption of advanced technologies, and stringent quality standards. Countries like US and Canada are renowned for their precision engineering and CNC machine expertise, contributing significantly to North America's dominance in the market.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific emerges as the fastest-growing region in the CNC Machines Market, driven by rapid industrialization, expanding automotive and electronics sectors, and increasing investments in automation. Countries such as China, India, and South Korea witness substantial growth in CNC machine demand, fueled by government initiatives, technological advancements, and a growing emphasis on efficiency and productivity in manufacturing processes.

 

The current report Scope analyzes CNC Machines 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.

North America CNC Machines Market Analysis

According to Cognitive Market Research, the global CNC Machines Market size was estimated at USD 68159.2Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 27263.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.2% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the CNC Machines Market with a market size of USD 21511.04 million in 2024 and is projected to grow at a CAGR of 2.0% during the forecast period. The demand is amplified by the nation's technological advancements and strong demand in the aerospace and automotive industries.
• The Canada CNC Machines Market had a market share of USD 3271.64 million in 2024 and is projected to grow at a CAGR of 3.0% during the forecast period. Canada's growing manufacturing sector and government initiatives to increase usage of CNC Machines.
• The Mexico CNC Machines Market is projected to witness growth at a CAGR of 2.7% during the forecast period, with a market size of USD 2480.99 million in 2024.

Europe CNC Machines Market Analysis

According to Cognitive Market Research, the global CNC Machines Market size was estimated at USD 68159.2Million, out of which Europe held the market of more than 30% of the global revenue with a market size of USD 20447.76 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.5% from 2024 to 2031.

• The United Kingdom CNC Machines Market had a market share of USD 3435.22 million in 2024 and is projected to grow at a CAGR of 3.3% during the forecast period. In the UK, CNC Machines sales witness an upswing due to the nation's rising advanced manufacturing technologies and a strong aerospace and automotive sector.
• The France CNC Machines Market is projected to witness growth at a CAGR of 1.7% during the forecast period, with a market size of USD 1881.19 million in 2024.
• According to Cognitive Market Research, the Germany CNC Machines Market size was valued at USD 4048.66 million in 2024 and is projected to grow at a CAGR of 2.7% during the forecast period. In Germany, CNC machine sales surged due to the robust industrial base and continuous innovation.
• The Italy CNC Machines Market is projected to witness growth at a CAGR of 1.9% during the forecast period, with a market size of USD 1758.51 million in 2024.
• The Russia CNC Machines Market is projected to witness growth at a CAGR of 1.5% during the forecast period, with a market size of USD 3169.40 million in 2024.
• The Spain CNC Machines Market is projected to witness growth at a CAGR of 1.6% during the forecast period with a market size of USD 1676.72 million in 2024
• The Luxembourg CNC Machines Market is projected to witness growth at a CAGR of 2.6% during the forecast period, with a market size of USD 633.88 million in 2024.
• The Portugal CNC Machines Market is projected to witness growth at a CAGR of 2.3% during the forecast period, with a market size of USD 429.40 million in 2024.
• The Greece CNC Machines Market is projected to witness growth at a CAGR of 2.8% during the forecast period, with a market size of USD 245.37 million in 2024.
• Rest of Europe's CNC Machines Market is projected to witness growth at a CAGR of 1.2% during the forecast period, with a market size of USD 3169.40 million in 2024.

Asia Pacific CNC Machines Market Analysis

According to Cognitive Market Research, the global CNC Machines Market size was estimated at USD 68159.2Million, out of which Asia Pacific held the market around 23% of the global revenue with a market size of USD 15676.62 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.0% from 2024 to 2031.

• According to Cognitive Market Research, the China CNC Machines Market size was valued at USD 7054.48 million in 2024 and is projected to grow at a CAGR of 5.5% during the forecast period. CNC Machines sales surge in China due to rapid industrialization, extensive manufacturing activities, and significant investments.
• The Japan CNC Machines Market is projected to witness growth at a CAGR of 4.5% during the forecast period, with a market size of USD 2163.37 million in 2024.
• The India CNC Machines Market had a market share of USD 1881.19 million in 2024 and is projected to grow at a CAGR of 7.8% during the forecast period. The demand is augmented by India's industrial expansion and government initiatives.
• The South Korean CNC Machines Market is projected to witness growth at a CAGR of 5.1% during the forecast period, with a market size of USD 1567.66 million in 2024.
• The Australia CNC Machines Market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 815.18 million in 2024.
• The South East Asia CNC Machines Market is projected to witness growth at a CAGR of 7.0% during the forecast period, with a market size of USD 1081.69 million in 2024.
• The Rest of the Asia Pacific CNC Machines Market is projected to witness growth at a CAGR of 5.8% during the forecast period, with a market size of USD 1113.04 million in 2024.

South America CNC Machines Market Analysis

According to Cognitive Market Research, the global CNC Machines Market size was estimated at USD 68159.2Million, out of which the Latin America market of more than 5% of the global revenue with a market size of USD 3407.96 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.4% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil CNC Machines Market size was valued at USD 1458.61 million in 2024 and is projected to grow at a CAGR of 4.0% during the forecast period. CNC Machines sales flourish in Brazil due to foreign direct investment and a growing automotive industry.
• Argentina CNC Machines Market had a market share of USD 572.54 million in 2024 and is projected to grow at a CAGR of 4.3% during the forecast period. The demand is augmented by Argentina's increasing industrialization and the need for high-precision manufacturing.
• Colombia CNC Machines Market is projected to witness growth at a CAGR of 3.2% during the forecast period, with a market size of USD 303.31 million in 2024.
• Peru CNC Machines Market is projected to witness growth at a CAGR of 3.6% during the forecast period, with a market size of USD 279.45 million in 2024.
• Chile CNC Machines Market is projected to witness growth at a CAGR of 3.7 % during the forecast period, with a market size of USD 245.37 million in 2024.
• The Rest of the Latin America CNC Machines Market is projected to witness growth at a CAGR of 2.5% during the forecast period, with a market size of USD 548.68 million in 2024.

Middle East CNC Machines Market Analysis

According to Cognitive Market Research, the global CNC Machines Market size was estimated at USD 68159.2Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 1363.18 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031.

• The GCC Countries CNC Machines Market is projected to witness growth at a CAGR of 4.5% during the forecast period, with a market size of USD 583.44 million in 2024. CNC Machines sales flourish due to the economic diversification efforts and substantial investments.
• The Egypt CNC Machines Market is projected to witness growth at a CAGR of 4.0 % during the forecast period, with a market size of USD 143.13 million in 2024.
• The South Africa CNC Machines Market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 215.38 million in 2024. CNC Machines sales flourish in South Africa due to increasing industrialization and investments in advanced manufacturing to support economic development.
• The Turkey CNC Machines Market is projected to witness growth at a CAGR of 3.2% during the forecast period, with a market size of USD 117.23 million in 2024.
• The Nigeria CNC Machines Market is projected to witness growth at a CAGR of 2.8% during the forecast period, with a market size of USD 143.13 million in 2024.
• The Rest of the MEA CNC Machines Market is projected to witness growth at a CAGR of 2.7% during the forecast period, with a market size of USD 160.86 million in 2024.

CNC Machines Market Analysis

CNC Machines Market Offering Segment Analysis

According to Cognitive Market Research, Machines dominate the CNC Machines Market as the largest segment. The demand for CNC machining centers, turning centers, milling machines, and other precision tools is high due to their pivotal role in manufacturing processes across industries. Machine manufacturers like Haas Automation, DMG Mori, and Mazak lead this segment with innovative offerings, catering to diverse manufacturing needs globally.

Services emerge as the fastest-growing segment in the CNC Machines Market. With the increasing complexity of CNC machines and the need for specialized expertise, services such as maintenance, repairs, training, and consulting are in high demand. Companies providing comprehensive service packages, including remote diagnostics, predictive maintenance, and training programs experiences the rapid growth. This trend reflects the industry's shift towards optimizing machine performance, reducing downtime, and enhancing overall operational efficiency.

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 Machines Industry. Request a Free Sample PDF!

CNC Machines Market Product Type Segment Analysis

According to Cognitive Market Research, Machining centers emerge as the largest segment in the CNC Machines Market. These versatile machines encompass various functionalities, including milling, drilling, and tapping, making them essential for a wide range of manufacturing applications. Given their capability to manage intricate shapes and large-scale manufacturing,machining centers are in high demand across industries like aerospace, automotive, and electronics, driving their dominance in the CNC machines market.

Laser machines stand out as the fastest-growing segment in the CNC Machines Market. The growing utilization of laser technology in tasks such as cutting, he growth primarily arises from the region's. Industries such as metal fabrication, healthcare, and consumer electronics extensively utilize laser machines for precise and efficient material processing. Technological advancements in laser technology, such as fiber lasers and hybrid systems, further accelerate the growth of this segment, making laser machines the fastest-growing category in the CNC machines market.

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

CNC Machines End-User Industry Segment Analysis

According to Cognitive Market Research, The Automotive & Transportation sector emerges as the largest end-user industry in the CNC Machines Market. With a high demand for precision components, tooling, and machining processes, automotive manufacturers heavily rely on CNC machines for efficient production. The sector's continuous innovation, product customization, and high-volume manufacturing requirements contribute significantly to the dominance of automotive & transportation in the CNC machines market.

The Aerospace industry stands out as the fastest-growing end-user industry in the CNC Machines Market. Aerospace companies require CNC machines for manufacturing complex components, aircraft structures, and engine parts with utmost precision and reliability. The sector's increasing investments in advanced machining technologies such as 5-axis machining and hybrid machining systems drives the demand for CNC machines. Additionally, the growing demand for lightweight materials, composite structures, and additive manufacturing in aerospace further accelerates the growth of CNC machines in this sector.

• Automotive & Transportation
• Aerospace
• Medical
• Semiconductor
• Capital Goods
• Energy & Power

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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