According to the research report titled ‘Computer Numerical Control (CNC) Machine Market Share, Size, Trends, Industry Analysis Report By Machine Types; By Application; By Regions, Segments & Forecast, 2019 – 2026’, available with Market Study Report, global computer numerical control (CNC) machine market is expected to reach a valuation of USD 106.54 billion by the year 2026.
 

Shifting preferences towards adopting automated solutions across oil & gas, automotive, construction and healthcare sectors is one of the major factors propelling the growth of global computer numerical control machine market.
 

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It is to be noted that a computer numerical control machine is employed to automate manufacturing processes as well as for mass production across various industry verticals including healthcare, electronics, defense, automotive and aerospace. These machines offer better safety, reduced human errors and high precision, which in turn is paving the way for the expansion of the overall market.
 

In fact, energy efficient CNC machines not only help in conserving electricity but also in reducing costs, while allowing for manufacturing of high-quality products. In addition to this, growing demand for mass production is augmenting global computer numerical control machine industry remuneration.
 

On the contrary, high investment costs may act as a bottleneck to the growth of the overall market in the ensuing years. Regardless, rising adoption of CNC machines coupled with rapid technological advancements are facilitating the business scenario.
 

In terms of machine type, the report states that lathe segment accounted for considerable share in worldwide computer numerical control machine industry in the recent past and is slated to showcase similar expansion trends in the subsequent years. Lathe machines are widely adopted in construction, manufacturing, mining, and automobile sectors. Apart from this, emergence of multi-axis machines along with beneficial properties of lathe machines such as high precision and ease of operations are fueling the segmental share.
 

Regionally, Asia-Pacific captured substantial market share in the year 2017 and is expected to register consistent growth during the study duration. Booming manufacturing sector along with rapid industrialization are prime factors augmenting the regional demand for computer numerical control machines. In addition, increasing R&D activities and growing demand for automated solutions are positively swaying the business dynamics in Asia-Pacific.
 

The key participants in global computer numerical control machine industry are Yamazaki Mazak Corporation, Soft Servo Systems Inc., Bosch Rexroth AG, Sandvik AB, Dr. Johannes Heidenhain GmbH, DMG Mori Seiki Co. Ltd., Haas Automation, Inc., Amada Machine Tools Co. Ltd., GSK CNS Equipment Ltd., Siemens AG, Mitsubishi Electric Corporation, and FANUC Corp. among others.