NEW YORK, March 19, 2018 /PRNewswire/ -- Read the full
report: https://www.reportlinker.com/p05360502
The global CNC machines market size is anticipated to reach
USD 100.9 billion by 2025, according
to a new report by Grand View Research, Inc., rising at a CAGR of
6.8% over the forecast period. Increasing need for reducing
operating costs, manpower, and errors in components is likely to
stoke the growth of the market.
Technological advancements are driving the use of CNC machines in
development of highly intricate models/components with a definitive
finish.This has subsequently led to a rise in implementation of CNC
technology in lathe, milling, laser, grinding, and welding
machines.
Integration of CNC machines with computer-aided manufacturing (CAM)
helps in reducing the time required for manufacturing of work
pieces and enables hassle-free production of components.
Commercial demand for advanced, compact-sized CNC machines with
automatic tool changers and multi axis machining technology is on a
rise. Several large manufacturing units and plants are increasingly
adopting CNC lathes to perform operations such as cutting,
drilling, knurling, deformation, facing, and turning
operations.
Various milling tools such as Poly Crystalline Diamond (PCD) tools
and solid carbide tools are being introduced in the market.These
tools offer increased efficiency and versatility while performing
operations at the shop floor.
These new tools also offer durability, resistance toward high
temperatures, and enable better machining with reduction in
vibrations, wear, and noise.
Further key findings from the study suggest:
• The global CNC machines market is anticipated to expand at a CAGR
of 6.8% over the forecast period, owing to reduction in cycle time,
reduced wastage, and increased efficiency
• The lathe machines segment held the leading share of over 27% in
2016. The growth of the segment can be attributed to availability
of 5-axis operation machinery that increases flexibility, reduces
operation time, and avoids collision
• The milling machines segment is estimated to post the highest
CAGR of 9.5% during the forecast period, owing to features such as
multi-functionality and reduced time requirement
• The industrial segment is poised to dominate the market until
2025 and reach a valuation of USD 25.17
billion
• The Asia Pacific region is
projected to witness significant growth over the forecast period,
owing to increasing number of manufacturing units
• Key participants in the market are Amada Co., Ltd.; DMTG
Corporation; Haas Automation, Inc.; Okuma Corporation; and Yamazaki
Mazak Corporation, among several others.
Read the full report: https://www.reportlinker.com/p05360502
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