CNC metal cutting machine tools Market is predicted to reach USD 87,513.4 Million at a CAGR of 7.5% during the forecast period 2023-2032

Market Research Future (MRFR) has published on the “Global CNC metal cutting machine tools Market”.

The CNC metal cutting machine tools market is estimated to register a CAGR of 7.5% during the forecast period of 2024 to 2032.

MRFR recognizes the following companies as the key players in the CNC metal cutting machine tools market— are DMG MORI CO., LTD, DN SOLUTIONS, Okuma Corporation, GROB-WERKE GmbH & Co. KG, EMAG GmbH & Co. KG, Haas Automation, Inc., Shenyang Machine Tool Part Co., Ltd, Georg Fischer Ltd, Yamazaki Mazak Corporation, Makino Inc, and many more.

Market Highlights

The Global CNC metal cutting machine tools market is accounted for to register a CAGR of 7.5% during the forecast period and is estimated to reach USD 87,513.4 Million by 2032.

The global CNC metal cutting machine tools market refers to the industry segment that encompasses the manufacturing, sale, and utilization of computer numerical control (CNC) machines specifically designed for precision cutting, shaping, and machining of metallic workpieces. These machines utilize advanced software and automation technologies to achieve high levels of accuracy and efficiency in metalworking processes. The market serves a wide range of industries, including aerospace, automotive, medical devices, electronics etc. The market is further segmented by machine type, application, and geographical regions to cater to diverse industry needs and regional variations. The outlook for this market is positive, with continued growth anticipated as global industrialization and technological innovation drive the demand for CNC metal cutting solutions. The global CNC metal cutting machine tools market continues to exhibit steady growth, driven by technological advancements, increased demand for precision machining, and the evolving needs of industries such as automotive, aerospace, and manufacturing. This executive summary provides an overview of the key trends and drivers shaping the market. The CNC metal cutting machine tools market is characterized by using computer numerical control (CNC) technology to precisely shape and cut metal workpieces.

Browse In-depth Details [Table of Content, List of Figures, List of Tables] of CNC metal cutting machine tools Market Research Report

Segment Analysis

The Global CNC metal cutting machine tools market has been segmented into Class, Tools, Product, Machine Type, and Application.

Based on Class, the Global CNC metal cutting machine tools market is segmented into General, High End, and Special. The General class segment is expected to dominate the global CNC metal cutting machine tools market during the forecast period. General-class CNC metal cutting machine tools are versatile, entry-level machines suitable for a broad range of applications. These machines are characterized by their adaptability to perform various tasks, making them a cost-effective choice for businesses that require flexibility. They are often used by small and medium-sized enterprises, contributing to the growth of diverse industries by providing essential metalworking capabilities. The applications of the general type of CNC machines are limited as the accuracy and machining flexibility offered by such machines are limited. However, their lower prices compared to the high-end and special type of CNC machines is driving the demand for general CNC metal cutting machine tools in small and medium capacity industries.

Based on Tool, the Global CNC metal cutting machine tools market is segmented into Metal Cutting and Metal Forming. The metal cutting tool segment is expected to dominate the global CNC metal cutting machine tools market during the forecast period. The metal cutting tool segment of the global CNC metal cutting machine tool market encompasses a wide array of precision machinery designed for removing excess material from workpieces, usually in the form of metals. This segment includes a diverse range of machines, from basic lathes to advanced multi-axis machining centers. It plays a important role in various industries, such as automotive, aerospace, and manufacturing. These machines are essential for creating intricate components with high precision, ensuring the Machine Type of high-quality parts in various applications.

Based on product, the Global CNC metal cutting machine tools market is segmented into 5- Axis, 4- Axis, 3-Axis, 2-Axis, Others. The 3-Axis product segment is expected to dominate the global CNC metal cutting machine tools market during the forecast period. 3-axis CNC machines provide movement along three axes, which gives precision in three-dimensional work. These machines are commonly used for basic machining operations and are found in various industries, such as automotive and construction due to their versatility and cost-effectiveness.

Based on Machine Type, the Global CNC metal cutting machine tools market is segmented into Conventional, Machining Centre, Turning Centre, Mill-Turn, and Others. The Turning Centre machine type segment is expected to dominate the global CNC metal cutting machine tools market during the forecast period. Turning centers, also known as CNC lathes, are used to reduce the diameter of a workpiece, typically to a certain dimension, and produce a smooth part finish. They are indispensable for manufacturing cylindrical and tapered parts such as shafts, bolts, and custom components. Turning centers are utilized in applications ranging from automotive to aerospace and are essential for creating precision components with cylindrical features. Although the CNC turning centers may seem identical, they generally refer to a slightly different machine as such machines can face, threading, knurling, drilling, boring, reaming, and taper turning. The two types of turning centers include the vertical and horizontal turning centers. Vertical machines utilize gravity. However, horizontal CNC turning machines are more widely used.

Based on Application, the Global CNC metal cutting machine tools market is segmented into Automotive, Machinery, IT & Electronics, Aerospace, Defense, Shipbuilding, Energy (e.g., Oil & Gas), Medical Devices, Construction, Precision Engineering, and Others. The Automotive application segment is expected to dominate the global CNC metal cutting machine tools market during the forecast period. The automotive sector is a major consumer of CNC metal cutting machines, utilizing them in the production of engine components, transmission parts, and body panels. CNC technology enhances the precision and efficiency of manufacturing processes in the automotive industry, leading to improved vehicle performance and safety.  Automotive companies require a large number of metals cutting machine tools for manufacturing various components. The automotive industry heavily focuses on automation to increase the rate of production and decrease the chances of human errors. Automation in the automotive industry requires utilization of the CNC metal cutting machine tools for ensuring precision while manufacturing complicated automotive parts. The recent boom in the sector of electric vehicle production is expected to propel the automotive segment in the global CNC metal cutting machine tools market during the forecast period.

Regional Analysis

The Global CNC metal cutting machine tools market, based on region, has been divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America consists of US, and Canada. Europe consists of UK, Germany, France, Italy, Spain, Russia, and Rest of Europe.  Asia-Pacific consists of China, Japan, India, South Korea, Thailand, Vietnam, Singapore, Malaysia, Philippines, Indonesia, Australia, New Zealand, and Rest of Asia Pacific. Middle East & Africa consist of Turkey, South Africa, GCC Countries, Saudi Arabia, Iran, Kenya, Nigeria, and Rest of MEA. South America consists of Brazil, Argentina, Chile, Peru, Colombia, and Rest of South America. Asia-Pacific accounted for the largest market share and is expected to register the highest CAGR during the forecast period. The Asia-Pacific region is a dynamic and rapidly expanding market in the global CNC metal cutting machine tool industry. Countries like China, Japan, South Korea, and India play important roles in the regional market. The manufacturing powerhouses of China and Japan drive substantial demand for CNC metal cutting machines, especially in applications related to automotive, machinery, and electronics. The automotive industry in China is the largest in the world, and its robust growth fuels the need for high-precision CNC machines to meet the increasing demand for vehicles. Furthermore, Japan's emphasis on innovation and precision engineering makes it a significant consumer of CNC metal cutting equipment, particularly in the production of electronic components and medical devices. South Korea's prominent shipbuilding and electronics sectors also rely on CNC technology for efficient production processes.  The region's CNC market is marked by its rapid adoption of digitalization, automation, and the integration of artificial intelligence (AI) in manufacturing. The Asia-Pacific CNC metal cutting machine tool market is expected to continue its growth due to factors such as increasing industrialization, urbanization, and the ongoing pursuit of manufacturing excellence.

North America held the second largest share in the market for CNC metal cutting machine tools and is anticipated to ascend at a revenue based CAGR over the forecast period. The North America region is prominent in the global CNC metal cutting machine tool market, due to robust industrial sectors and a continuous drive towards technological innovation. In the United States and Canada, manufacturers rely heavily on CNC metal cutting machines to meet the stringent demands of industries like automotive, aerospace, and defense. The automotive sector has a significant presence in North America, leading to a consistent demand for CNC metal cutting tools to produce precision components. Moreover, the aerospace industry benefits from CNC machines for manufacturing aircraft components that require impeccable precision.

Europe is a major hub for CNC metal cutting machine tools. The European market is characterized by a strong presence in both metal cutting and metal forming segments, with a wide range of CNC machines tailored to meet the needs of various industries. In Germany, precision engineering and automotive manufacturing thrive, creating a substantial demand for CNC machines. The aerospace sector, found notably in countries like France and the United Kingdom, relies on high-end CNC equipment to produce aircraft components with exceptional accuracy. European manufacturers prioritize sustainability and energy efficiency, which reflects in their preference for modern CNC technology that contributes to reduced energy consumption and waste. Additionally, European countries have a growing focus on medical devices and electronics, further boosting the demand for CNC metal cutting machines. The region is also characterized by a robust network of small and medium-sized enterprises (SMEs) that utilize CNC tools for custom and batch production. This segment is driven by factors such as the quest for improved sustainability, digitalization, and the adoption of industry 4.0 principles to create more efficient, interconnected manufacturing systems.

The Middle East and Africa region is driven by a growing industrial base and the pursuit of self-sufficiency. In the Middle East, countries like the United Arab Emirates, Saudi Arabia, and Qatar are investing significantly in diversifying their economies, with a focus on aerospace, defense, and energy sectors. Additionally, increasing demand for construction sector benefits from CNC equipment for precision metal fabrication in building and infrastructure projects. In Africa, industries such as mining, agriculture, and automotive are beginning to adopt CNC technology to improve manufacturing efficiency. The Middle East and Africa present opportunities for international manufacturers to cater to the evolving needs of these emerging markets, while local enterprises seek to build their CNC capabilities to boost competitiveness.

South America's CNC metal cutting machine tool market exhibits a diverse landscape, with Brazil being a prominent player in the region. The automotive and aerospace industries in Brazil drive demand for CNC machines, as precision and efficiency become central to their production processes. Additionally, the energy sector, particularly in oil and gas, benefits from CNC equipment for specialized component manufacturing. South American manufacturers are gradually adopting CNC technology to improve productivity and competitiveness, although the rate of adoption may vary across countries due to economic factors and industry-specific requirements. The region is also influenced by the agricultural sector, which employs CNC machines for the production of farm equipment and machinery.

Key Findings of the Study

• The Global CNC metal cutting machine tools market is expected to reach USD 87,513.4 Million by 2032, at a CAGR of 7.5% during the forecast period.


• Asia-Pacific holds the largest market share during the forecast period. Countries like China, Japan, South Korea, and India play important roles in the regional market. The manufacturing powerhouses of China and Japan drive substantial demand for CNC metal cutting machines, especially in applications related to automotive, machinery, and electronics.


• Based on product, the 3-Axis product segment is expected to dominate the global CNC metal cutting machine tools market during the forecast period.


• DMG MORI CO., LTD, DN SOLUTIONS, Okuma Corporation, GROB-WERKE GmbH & Co. KG, EMAG GmbH & Co. KG, Haas Automation, Inc., Shenyang Machine Tool Part Co., Ltd, Georg Fischer Ltd, Yamazaki Mazak Corporation, Makino Inc, and many more, are the key players in the market.


• Based on application, the automotive application segment held the largest market share in 2023.