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Global CNC Machine Tools Market Potential and Worthy of 20 Billion USD in 2020 - QYResearch Report

Author: QYResearch  |   Published Date: 2021-05-18   |   Views: 137

CNC is the short form for Computer Numerical control. We have seen that the NC machine works as per the program of instructions fed into the controller unit of the machine. The CNC machine comprises of the mini computer or the microcomputer that acts as the controller unit of the machine. While in the NC machine the program is fed into the punch cards, in CNC machines the program of instructions is fed directly into the computer via a small board similar to the traditional keyboard.

The global CNC Machine Tools market was valued at US$ 19916.7 million in 2020 and will reach US$ 32802.6 million by the end of 2027, growing at a CAGR of 6.42% during 2021-2027.

Global CNC Machine Tools Market: Segmental Analysis

Based on the product type, the CNC Machine Tools is primarily split into CNC Lathe, CNC Milling Machine, CNC Grinding Machine, Others, etc.

CNC Lathes are machines that cut workpieces while they are rotated. CNC lathes are able to make fast, precision cuts, generally using indexable tools and drills. They are particularly effective for complicated programs designed to make parts that would be infeasible to make on manual lathes. CNC lathes have similar control Specifications to CNC mills and can often read G-code as well as the manufacturer's proprietary programming language. CNC lathes generally have two axes (X and Z), but newer models have more axes, allowing for more advanced jobs to be machined.

Many CNC milling machines use G-code, which is a standardized programming language that many CNC machines understand, while others use proprietary languages created by their manufacturers. These proprietary languages, while often simpler than G-code, are not transferable to other machines. CNC mills have many functions including face milling, shoulder milling, tapping, drilling and some even offer turning. Standard linear CNC mills are limited to 3 axis (X, Y, and Z), but others may also have one or more rotational axes. Today, CNC mills can have 4 to 6 axes.

CNC Grinding Machines are machine tools which use a rotating grinding wheel to achieve material removal on a metallic workpiece by means of cutting. Grinding Machines are mostly used for the hard-fine machining of workpieces (parts).

As of 2020, CNC lathe machining tools segment holds the largest market contributing more than 65.5% of the total market share, reach to US$ 13049.4 million.


Global CNC Machine Tools Market- Key Players

Yamazaki Mazak, DMG Mori Seiki, TRUMPF, Okuma Corporation, JTEKT Corporation, Makino, GROB-WERKE, Doosan Machine Tools, Haas Automation, GF Machining Solutions, EMAG, Hyundai WIA, Chiron Group, Hermle, Fair Friend Group, Starrag Group, INDEX-Werke, MHI Machine Tool, Hardinge Group, Hurco, Haitian Precision, TORNOS, Qinchuan, Rifa Precision, are some of the key players in the global CNC Machine Tools market. Presently, Yamazaki Mazak is the largest suppliers and own 10% sales share in 2020. The follower is DMG Mori Seiki. Also having about 8% share.


Read More Information: https://www.qyresearch.com/index/detail/3118352/global-cnc-machine-tools-market


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