LONDON--(BUSINESS WIRE)--The CNC machine tools market is expected to grow by USD 24.91 billion, progressing at a CAGR of over 9% during the forecast period.
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The innovation in CNC machines is one of the major factors propelling market growth. However, factors such as rising cost pressure from the demand side will hamper the market growth.
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CNC Machine Tools Market: Geographic Landscape
APAC will offer several growth opportunities to market vendors during the forecast period. The advantages over conventional machines will significantly influence the CNC machine tools market's growth in this region. 42% of the market’s growth will originate from APAC during the forecast period. China is the key market for the CNC machine tools market in APAC.
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Companies Covered:
- 600 Group Plc
- AMADA HOLDINGS Co. Ltd.
- DMG MORI Co. Ltd.
- FANUC Corp.
- General Technology Group Dalian Machine Tool Corp.
- JTEKT Corp.
- Komatsu Ltd.
- Shenyang Machine Tools Co. Ltd.
- TRUMPF GmbH + Co. KG
- Yamazaki Mazak Corp.
What our reports offer:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers market data for 2019, 2020, until 2024
- Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Key Topics Covered:
Executive Summary
- Market Overview
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product
- CNC lathe machines - Market size and forecast 2019-2024
- CNC milling machines - Market size and forecast 2019-2024
- Other CNC machines - Market size and forecast 2019-2024
- Market opportunity by Product
Customer landscape
- Overview
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- North America - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
Drivers, Challenges, and Trends
- Market drivers
- Volume driver - Demand led growth
- Volume driver - Supply led growth
- Volume driver - External factors
- Volume driver - Demand shift in adjacent markets
- Price driver - Inflation
- Price driver - Shift from lower to higher priced units
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- 600 Group Plc
- AMADA HOLDINGS Co. Ltd.
- DMG MORI Co. Ltd.
- FANUC Corp.
- General Technology Group Dalian Machine Tool Corp.
- JTEKT Corp.
- Komatsu Ltd.
- Shenyang Machine Tools Co. Ltd.
- TRUMPF GmbH + Co. KG
- Yamazaki Mazak Corp.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
