CNC Metal Cutting Machine Market Expected to Reach $83.4Billion by 2030 | Industry, Revenue & Trends Analysis - EIN Presswire

2022-11-08 00:11:24 By : Mr. RAMBO TU

There were 1,462 press releases posted in the last 24 hours and 286,246 in the last 365 days.

CNC Metal Cutting Machine Industry Aluminium Cnc Machine

CNC Metal Cutting Machine Market Expected to Reach $83.4Billion by 2030 | Industry, Revenue & Trends Analysis  - EIN Presswire

The global CNC metal cutting machine market size was valued at $53.1 billion in 2020 registering a CAGR of 4.2% from 2020 to 2030.

PORTLAND, OR, UNITED STATES, October 27, 2022 /EINPresswire.com/ -- According to a new report published by Allied Market Research, titled, “CNC Metal Cutting Machine Market by Type and End User: Global Opportunity Analysis and Industry Forecast, 2021–2030,”

The global CNC metal cutting machine market size was valued at $53.1 billion in 2020, and is projected to reach $83.4 billion by 2030, registering a CAGR of 4.2% from 2020 to 2030.

Download Free Sample PDF Now (235 Pages with More Insight) https://www.alliedmarketresearch.com/request-sample/6287

The CNC metal cutting machines market has witnessed significant growth in past few years, owing to rise in industrialization and increased productivity requirements in manufacturing sector.

Surge in demand for automobiles fueled by rise in global population and increased purchasing power of masses have fueled the use of CNC metal cutting machines in automotive industry. Rise in industrialization has significantly increased the use of metal, thereby increasing the use of CNC metal cutting machines for precise metal cutting. Furthermore, industries such as aerospace, defense, and electronic equipment manufacturers use CNC metal cutting machines owing to their precision and accuracy requirements. In addition, the increased investments in aerospace and defense industries have fueled the demand for CNC metal cutting machines.

Moreover, supportive government initiatives and surge in number of free trade agreements across the globe have propelled the manufacturing industry, thereby providing lucrative opportunities for the growth of the CNC metal cutting machines market

By type, the market is segmented into machining centers, lathe machines, gear cutting machines, laser cutting machines, and others. Among these,the machining centers segment accounted for the highest market share in 2020 and laser cutting machines is expected to witness significant growth during the forecast period, owing to increase in demand for automotive and defense industries. The market is analyzed with respect to different applications in industrial verticals such as Automobile, Aerospace & defense, Electronics, Power & Energy, and Others. The CNC Metal Cutting Machine market growth of global manufacturing industry and increased investment in automotive, aerospace & defense, and electronic manufacturing industry. However, high initial cost of the potential to limit growth of the market.

Download Free Sample PDF Now (235 Pages with More Insight) https://www.alliedmarketresearch.com/request-sample/6287

The rise in global population and surge in purchasing power of masses in developing countries have significantly increased the demand for automobiles, thereby fueling the use of CNC metal cutting machines in automotive industry. Moreover, surge in demand for efficient and precise metal cutting machines drive the CNC metal cutting machines market. In addition, increased investments in global defense and aerospace manufacturing industry fueled by changing global economic & power dynamics propel demand for CNC metal cutting machines.

For instance, according to India Brand Equity Foundation, the Indian Government is anticipating local and foreign investments around $8-10 billion in the automotive sector by 2023. And the Indian automotive industry is expected to reach US$ 251.4-282.8 billion by 2026.

However, during the pandemic, various manufacturers in the CNC metal cutting machine market had to stop their business in countries such as China, the U.S., and India. This break directly impacted sales of CNC metal cutting machine companies. In addition, lack of manpower and raw materials constricted supply of components of CNC metal cutting machines; and has negatively influenced the growth of the market. However, reopening of production facilities and introduction of vaccines for corona virus disease are anticipated to lead to re-opening of CNC metal cutting machine companies.

The key players profiled in the CNC metal cutting machine industry report include Amada Holdings Co., Ltd., Coherent, Inc., DMG MORI CO., Ltd., Hurco Companies, Inc., Komatsu Ltd, Lincoln Electric Holdings, Inc., Maschinenfabrik Berthold Hermle AG, Okuma Corporation, TRUMPF GmbH + Co. KG, and Yamazaki Mazak Corporation

Download Free Sample PDF Now (235 Pages with More Insight) https://www.alliedmarketresearch.com/request-sample/6287

Key Findings Of The Study

The report provides an extensive analysis of the current and emerging CNC metal cutting machine market trends and dynamics. Depending on type, the machining centers segment dominated the CNC metal cutting machines market, in terms of revenue in 2020 and the laser cutting machines segment is projected to grow at a significant CAGR during the forecast period. By end user, the automobile segment registered highest revenue in 2020. Asia-Pacific is projected to register highest growth rate in the coming years. The key players within the CNC metal cutting machine market share are profiled in this report, and their strategies are analyzed thoroughly, which help understand competitive outlook of the CNC metal cutting machines industry. The report provides an extensive analysis of the current trends and emerging opportunities of the market. In-depth CNC metal cutting machine market analysis is conducted by constructing estimations for the key segments between 2021 and 2030

Get Detailed COVID-19 Impact Analysis: https://www.alliedmarketresearch.com/request-for-customization/6287

Download Free Sample PDF Now (235 Pages with More Insight) https://www.alliedmarketresearch.com/request-sample/6287

Make a Purchase Inquiry - https://www.alliedmarketresearch.com/purchase-enquiry/6287

Indoor Flooring - https://www.einpresswire.com/article/595701505/indoor-flooring-market-expected-to-reach-226-3-billion-by-2031-industry-drivers-trends-analysis-from-2022-to-2031

Interior Doors - https://www.einpresswire.com/article/595700545/interior-doors-market-expected-to-reach-93-1-billion-by-2030-industry-trends-key-player-strategy-analysis-2021-2030

Industrial Brakes - https://www.einpresswire.com/article/595704720/industrial-brakes-market-expected-to-reach-2-0-billion-by-2030-industry-drivers-trends-analysis-from-2021-to-2030

David Correa Allied Analytics LLP +1 503-894-6022 email us here Visit us on social media: Facebook Twitter LinkedIn

EIN Presswire's priority is source transparency. We do not allow opaque clients, and our editors try to be careful about weeding out false and misleading content. As a user, if you see something we have missed, please do bring it to our attention. Your help is welcome. EIN Presswire, Everyone's Internet News Presswire™, tries to define some of the boundaries that are reasonable in today's world. Please see our Editorial Guidelines for more information.

CNC Metal Cutting Machine Market Expected to Reach $83.4Billion by 2030 | Industry, Revenue & Trends Analysis  - EIN Presswire

China Cnc Machine © 1995-2022 Newsmatics Inc. dba EIN Presswire All Right Reserved.