Market Overview:
The global CNC turning machine market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for CNC turning machines from various end-use industries, such as machinery manufacturing, automobile, aerospace & defense, and others. In terms of type, the horizontal spindle orientation segment is expected to hold a larger share of the global market during the forecast period. This can be attributed to its high accuracy and productivity in machining operations as compared to vertical spindle orientation machines.
Product Definition:
A CNC turning machine is a computer-controlled machine that uses a cutting tool to remove material from a workpiece. The workpiece is rotated around its axis while the cutting tool moves in and out of the workpiece to create the desired shape.
Spindle Orientation: Horizontal:
Spindle orientation is the method used by the machine tool manufacturer to indicate the direction of a spindle's rotation. It plays an important role in CNC (computer numerical control) turning machines as it helps in ensuring that cuts are made with maximum accuracy. Spindle orientation is controlled by means of a handwheel or lever located on one of the arms attached to a base, which can be turned either way through 90 degrees.
Spindle Orientation: Vertical:
Spindle orientation is the method used by machine tool builders to ensure that the cutting edge of a spindle points in the right direction. The method ensures that cuttings are made along radial rather than latitudinal axes, which reduces tear and wear in workpieces and leads to better finish quality. Spindle orientation is particularly important for vertical turning machines as they have radially-oriented spindles with respect to their centers.
Application Insights:
The machinery manufacturing segment dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this application can be attributed to increasing demand for precision engineered machines in various industries including automotive, aerospace & defense, medical equipment, etc. CNC turning machines are widely used across different sectors owing to their ability to produce high-quality parts with minimal scrap rate and high productivity.
The automobile sector is also expected witness significant growth over the forecast period owing to rising demand for passenger cars and light commercial vehicles from developing countries such as India China Pakistan & Brazil which constitute major production hubs of automobiles globally. Moreover, stringent government regulations regarding reduction of vehicular pollution coupled with increasing awareness about fuel efficiency is likely drive consumer preference towards green vehicles thereby augmenting industry size during the study period.
Regional Analysis:
Asia Pacific dominated the global market in 2017. The region is expected to witness significant growth over the forecast period owing to increasing demand for CNC machines from several end-use industries, such as aerospace and defense, automotive, electrical and electronics. In addition, rising investments by governments in developing countries are anticipated to drive regional market growth over the forecast period.
The Asia Pacific was followed by Europe with a share of 24.1%. Increasing demand for high-quality machining services along with growing industrial automation has been driving this regional market since last few years. North America also held a considerable share of global revenue in 2017 due to high acceptance level of advanced technologies among users operating within this region; especially U S A .
Growth Factors:
- Increasing demand for CNC turning machines from the automotive and aerospace industries due to the growing need for precision machining.
- Rising demand for CNC turning machines from small- and medium-sized enterprises (SMEs) due to the increasing awareness of the benefits of using these machines.
- Growing popularity of CNC turning machines among hobbyists and DIY enthusiasts owing to their ease of use and versatility.
- Technological advancements that have led to the development of more sophisticated and user-friendly CNC turning machines, making them more accessible to a wider audience.
- The increasing affordability of CNC turning machines as compared to traditional machine tools, making them more cost-effective options for businesses
Scope Of The Report
Report Attributes
Report Details
Report Title
CNC Turning Machine Market Research Report
By Type
Spindle Orientation: Horizontal, Spindle Orientation: Vertical
By Application
Machinery Manufacturing, Automobile, Aerospace & Defense, Others
By Companies
Falcon Machine Tools (CHEVALIER), Mazak, Frejoth International Ltd.
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global CNC Turning Machine Market Report Segments:
The global CNC Turning Machine market is segmented on the basis of:
Types
Spindle Orientation: Horizontal, Spindle Orientation: Vertical
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Machinery Manufacturing, Automobile, Aerospace & Defense, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Falcon Machine Tools (CHEVALIER)
- Mazak
- Frejoth International Ltd.
Highlights of The CNC Turning Machine Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Spindle Orientation: Horizontal
- Spindle Orientation: Vertical
- By Application:
- Machinery Manufacturing
- Automobile
- Aerospace & Defense
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the CNC Turning Machine Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A CNC turning machine is a type of industrial robot that uses computer-aided control to move the cutting tool around a workpiece. The machine can produce high-quality parts quickly and accurately, making it an important part of many manufacturing processes.
Some of the major companies in the cnc turning machine market are Falcon Machine Tools (CHEVALIER), Mazak, Frejoth International Ltd..
The cnc turning machine market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. CNC Turning Machine Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. CNC Turning Machine Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. CNC Turning Machine Market - Supply Chain
4.5. Global CNC Turning Machine Market Forecast
4.5.1. CNC Turning Machine Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. CNC Turning Machine Market Size (000 Units) and Y-o-Y Growth
4.5.3. CNC Turning Machine Market Absolute $ Opportunity
5. Global CNC Turning Machine Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. CNC Turning Machine Market Size and Volume Forecast by Type
5.3.1. Spindle Orientation: Horizontal
5.3.2. Spindle Orientation: Vertical
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global CNC Turning Machine Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. CNC Turning Machine Market Size and Volume Forecast by Application
6.3.1. Machinery Manufacturing
6.3.2. Automobile
6.3.3. Aerospace & Defense
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global CNC Turning Machine Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. CNC Turning Machine Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global CNC Turning Machine Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. CNC Turning Machine Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global CNC Turning Machine Demand Share Forecast, 2019-2026
9. North America CNC Turning Machine Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America CNC Turning Machine Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America CNC Turning Machine Market Size and Volume Forecast by Application
9.4.1. Machinery Manufacturing
9.4.2. Automobile
9.4.3. Aerospace & Defense
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America CNC Turning Machine Market Size and Volume Forecast by Type
9.7.1. Spindle Orientation: Horizontal
9.7.2. Spindle Orientation: Vertical
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America CNC Turning Machine Demand Share Forecast, 2019-2026
10. Latin America CNC Turning Machine Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America CNC Turning Machine Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America CNC Turning Machine Market Size and Volume Forecast by Application
10.4.1. Machinery Manufacturing
10.4.2. Automobile
10.4.3. Aerospace & Defense
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America CNC Turning Machine Market Size and Volume Forecast by Type
10.7.1. Spindle Orientation: Horizontal
10.7.2. Spindle Orientation: Vertical
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America CNC Turning Machine Demand Share Forecast, 2019-2026
11. Europe CNC Turning Machine Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe CNC Turning Machine Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe CNC Turning Machine Market Size and Volume Forecast by Application
11.4.1. Machinery Manufacturing
11.4.2. Automobile
11.4.3. Aerospace & Defense
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe CNC Turning Machine Market Size and Volume Forecast by Type
11.7.1. Spindle Orientation: Horizontal
11.7.2. Spindle Orientation: Vertical
11.8. Basis Point Share (BPS) Analysis y Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe CNC Turning Machine Demand Share, 2019-2026
12. Asia Pacific CNC Turning Machine Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific CNC Turning Machine Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific CNC Turning Machine Market Size and Volume Forecast by Application
12.4.1. Machinery Manufacturing
12.4.2. Automobile
12.4.3. Aerospace & Defense
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific CNC Turning Machine Market Size and Volume Forecast by Type
12.7.1. Spindle Orientation: Horizontal
12.7.2. Spindle Orientation: Vertical
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific CNC Turning Machine Demand Share, 2019-2026
13. Middle East & Africa CNC Turning Machine Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa CNC Turning Machine Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa CNC Turning Machine Market Size and Volume Forecast by Application
13.4.1. Machinery Manufacturing
13.4.2. Automobile
13.4.3. Aerospace & Defense
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa CNC Turning Machine Market Size and Volume Forecast by Type
13.7.1. Spindle Orientation: Horizontal
13.7.2. Spindle Orientation: Vertical
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa CNC Turning Machine Demand Share, 2019-2026
14. Competition Landscape
14.1. Global CNC Turning Machine Market: Market Share Analysis
14.2. CNC Turning Machine Distributors and Customers
14.3. CNC Turning Machine Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Falcon Machine Tools (CHEVALIER)
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Mazak
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Frejoth International Ltd.
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. COMPANY4
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. COMPANY5
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. COMPANY6
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
