Computer numerical control (CNC) is a
motion control system that is primarily used in the industrial machinery for
machine tools OEMs. CNC focuses largely on the machine tool market segment such
as metal working machinery. The CNCs are used for the end to end design of the
component using computer aided manufacturing (CAM) and computer aided design
(CAD) programs. These programs create computer files that are used to extract
the command that are required to operate a particular machine and then for
production purposes are loaded into the CNC machines. CNC machines are used for
number of operations such as welding, laser cutting, ultrasonic welding,
spinning, bending, pinning, gluing and sawing among others.
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Some of the examples of CNC machines
are lathes, mills, plasma cutters, surface grinders and embroidery machines
among others. The CNC machines are largely used in the industry as many of the
tools are combined into a single cell. Thus, the need to have number of
different tools is done way with the use of CNC. The efficiency of these
machines to run 24/7 is boosting the demand of these automated machines.
CNC machines are very expensive in
comparison to machines that are manually operated. Investments in CNC machines
could lead to unemployment as the machines can be operated using less number of
workers. These are some of the factors hindering the growth of the CNC market.
Presently, the CNC machines find
applications across all regions such as North America, Europe, Asia Pacific and
RoW. With the economy slowly recovering in Asia Pacific and North America, the
demand for CNC machines is further expected to increase in these regions. Some
of the key players in CNC market include Fanuc Corporation, Siemens AG, and
Mitsubishi Electric Corp. among others.
This research report analyzes this
market depending on its market segments, major geographies, and current market
trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
This report is a complete study of
current trends in the market, industry growth drivers, and restraints. It
provides market projections for the coming years. It includes analysis of
recent developments in technology, Porter’s five force model analysis and detailed
profiles of top industry players. The report also includes a review of micro
and macro factors essential for the existing market players and new entrants
along with detailed value chain analysis.
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