September 28 2020
Market Research Future published a research report on “CNC Controller Industry Research Report- Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
The Global CNC Controller Industry, according to a report by Market Research Future (MRFR), is expected to grow to reach a substantial market valuation of USD 3.8 billion by 2023, at a CAGR of 6% during the forecast period of 2017 to 2023.
Drivers and Restraints
The key driving factors influencing the CNC Controller Industry growth are the increasing adoption of industrial automation in the manufacturing sector, the ability of CNC to lessen operational cost, and the growing demand for mass production across end-user industry verticals. On the other hand, the requirement of high investment cost for the implementation of CNC machines is restraining the growth of this market.
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Some of the prominent key players in the CNC Controller Industry; 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 CNC controller market has been segmented based on component, product, axis-type, end-user, application, and region.
The global CNC Controller market, based on the region, has been segmented into North America, Asia-Pacific, Europe, and the rest of the world.
North America is assessed as one of the leading regions across the globe, in terms of market share, in CNC Controller market due to the deployment of the five-Axis machines can produce better quality and more dependable results faster and more efficiently than can be accomplished with multiple setups on three or four-axis machines. five-Axis machining is particularly useful for applications where complex parts that have many features applied at various angles and surfaces around the part are being mass-produced.
The Asia-Pacific accounts for the largest market share and is expected to register a faster CAGR during the review period. Some of the factors that are influencing the market growth include higher demand from automotive and defense sectors, growing investments in technological developments, substantial presence of electronics industry in China, and adoption of industrial automation in Japan.
Europe is slated to grow as the fastest-growing market in the CNC controller market, expanding at the highest CAGR owing to the increasing trend of industrial automation, rising manufacturing industry, and increasing demand from the automotive industry in Germany.
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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)
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