October 16 2019
The global CNC controller market is expected to grow during the forecast period of 2017 to 2023 at a CAGR of 6.45%. The market is further anticipated to attain a valuation of USD 3.87 billion by the end of the forecast period. Market Research Future (MRFR) reports the increasing adoption of industrial automation in the manufacturing industry, rising demand for mass production across different end-user industries, and the ability to curb down operating cost are some of the key factors driving the growth of the market over the forecast period.
The global Computer numerical control (CNC) market is expected to grow at USD$ ~3.87 Billion by 2023, at 6.45 % of CAGR between 2017 and 2023.
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Some of the prominent key players in the CNC controller market; Siemens AG (Germany), Mitsubishi Electric corporation (Japan), Bosch Rexroth AG (Germany), DMG Mori Co Ltd, Hurco Companies, Inc (U.S.), Fagor Automation Corporation (U.S.), Haas Automation, Inc (U.S.), Wuhan Huazhong Numerical Control Co Ltd (China), Yamazaki Mazak Corporation (Japan), FANUC Corporation (Japan), Okuma Corporation (Japan) and many others.
The global CNC Controller Market is segmented in terms of product, application, end-user, axis type, and component.
The geographical segmentation of the global CNC controller market revolves around the following key regions: Europe, Asia Pacific, North America, and the Rest of the World (RoW).
The North American region leads the global CNC controller market by holding onto a massive share. The region is expected to continue spearheading the global market by expanding at a considerable pace. The presence of various key companies in the region is one of the key factors driving growth towards the North American region. Owing to the deployment of various 5-axis machines, the regional market is able to produce better quality and dependable results at a faster and efficient manner. This is another key driver of the North American CNC controller market.
The Asia Pacific region holds a key place in the global CNC controller market and is expected to experience significant growth in the forthcoming years. The growth of the market is also driven by the expanding manufacturing industry. Additionally, consistent advancements and innovations in technologies across various key industries are also anticipated to push the CNC controller market in this region. Add to this, economic development in Asia Pacific countries like India, China, and Japan, the booming infrastructural developments, and the surging rate of foreign investments are some of the other key drivers of the Asia Pacific market.
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TABLE OF CONTENTS
List of Figures
FIGURE 1 Global CNC Controller Market: Drivers Challenges & Opportunities
FIGURE 2 GLOBAL CNC CONTROLLER MARKET: Supply Chain ANALYSIS
FIGURE 3 Global CNC Controller Market: Porter’s Five Forces Analysis
FIGURE 4 Global CNC Controller Market By Product, 2017–2023 (USD Million)
FIGURE 5 Global CNC Controller Market, By Component Type, 2017–2023 (USD Million)
FIGURE 6 Global CNC Controller Market, BY Axis Type, 2017–2023 (USD MILLION)
FIGURE 7 Global CNC Controller Market, By Application 2017–2023 (USD Million)
FIGURE 8 Global CNC Controller Market, By End User, 2017–2023 (USD Million)
FIGURE 9 Global CNC Controller Market, By Region, 2017–2023 (USD Million)
FIGURE 10 North America CNC Controller Market By Country,2017–2023 (USD Million)
FIGURE 11 North America CNC Controller Market By Product, 2017–2023 (USD Million)
FIGURE 12 North America CNC Controller Market By Component, 2017– 2023 (USD Million)
FIGURE 13 North America CNC Controller Market By Axis Type, 2017–2023 (USD Million)
FIGURE 14 North America CNC Controller Market By Application, 2017–2023 (USD Million)
Know More about this Report @ https://www.marketwatch.com/press-release/cnc-controller-market-2019-global-size-share-analysis-development-status-top-leaders-business-growth-segmentation-and-industry-expansion-strategies-2023-2019-05-07
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