Global Computerized Numeric Control Market to reach USD XX billion by 2025.
Global Computerized Numeric Control Market valued approximately USD 60 billion in 2017 is anticipated to grow with a healthy growth rate of more than 6.32% over the forecast period 2018-2025. The Computerized Numeric Control Market is continuously growing across the world over the coming years. The major driving factor of global Computerized Numeric Control market are growing demand for production efficiency and reduction in overall process cost. However, high installation & maintenance cost and lack of skilled personnel are some factors that limiting the market growth of computerized Numeric control market. Computer Numerical Control (CNC) is automated control of machine tools by using a means of computer. It is also known as Numerical Control (NC). It can control the motion of tools or work piece. Computer Numeric control offers various advantages such as short production time, high manufacturing accuracy, larger manufacturing flexibility, reduction in human errors, better safety, boost production volume and contour machining.
The regional analysis of Global Computerized Numeric Control Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Western Europe is the leading/significant region across the world in terms of market share. Asia Pacific and North America is also anticipated to exhibit higher growth rate / CAGR over the forecast period 2018-2025.
The major market player included in this report are:
MONDRAGON Corporation
GSK CNC Equipment
Soft Servo Systems
Heidenhain GmbH
Bosch Rexroth AG
Siemens AG
Sandvik AB
Haas Automation
Mitsubishi Electric Corporation
FANUC Corporation
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
> Lathes
> Mills
> Routers
> Grinders
> Plasma Cutters
> Drill Press
> Others
By Application:
> Aerospace & Defence
> Automobile
> Electronics
> Healthcare
> Industrial
> Others
By Regions:
> North America
o U.S.
o Canada
> Europe
o UK
o Germany
> Asia Pacific
o China
o India
o Japan
> Latin America
o Brazil
o Mexico
> Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2015, 2016
Base year - 2017
Forecast period - 2018 to 2025
Target Audience of the Global Computerized Numeric Control Market in Market Study:
> Key Consulting Companies & Advisors
> Large, medium-sized, and small enterprises
> Venture capitalists
> Value-Added Resellers (VARs)
> Third-party knowledge providers
> Investment bankers
> Investors
