Desktop CNC Machines Market Size To Expand at a Notable CAGR Of 5.2% During 2020 - 2027

Pune, India, March, 2019/MRFR Press Release/- Market Research Future published a half-cooked research report on global desktop CNC machines market. The global desktop CNC machines market is expected to grow with a CAGR of around 5.2% during 2018–2023.

Market Highlights

The increase in investments in manufacturing, automotive, aerospace & defense industries and the presence of key market players are expected to push the demand for desktop CNC machines, across the globe. The automotive industry is focusing on automation to increase the rate of production and decrease the chances of errors, increasing the need for desktop CNC machines. These machines have changed the scenario of the automotive industry, permitting several identical parts for bulk production, grinding, and satin finish treatment with the highest degree of process accuracy. Hence, the significant growth of the automotive industry is further projected to boost the demand for the desktop CNC machines in the upcoming years.

Asia-Pacific is anticipated to witness the highest growth in the Global Desktop CNC Machines Market during the forecast period.

Geographically, the global Desktop CNC Machines Market has been segmented into North America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific dominated the global desktop CNC machines market, followed by North America and Europe, primarily due to the tremendous growth of the machinery manufacturing and automotive industry in the developing countries such as India, and China. Hence, Asia-Pacific is expected to exhibit the highest CAGR of around 5.7% and retain its leading position in the market in the forecast period. China  has emerged as a lucrative market in this region. The major OEMs, who are based in the US and the UK, are shifting their manufacturing base to this country, owing to the availability of various materials and  low production cost. These factors make this country a popular choice for production, which is an opportunity for the industry participants.

The CNC grinding machines segment, by product type, is expected to register the highest growth rate in the global desktop CNC machines market during the forecast period.

CNC grinding machines segment is projected to register the highest CAGR over the forecast period. CNC grinding machines are mainly used for removing extra material from a metallic workpiece using a rotating grinding wheel by means of cutting. CNC grinding machines are widely used and are preferred over conventional machines because it enhances the accuracy, quality, and efficiency. These machines are most prominently used for the hard-fine grinding of workpieces. The CNC grinding machine is used in numerous applications in the various manufacturing sectors, such as aerospace, automotive and other prominent manufacturing sectors. The substantial growth in these sectors is expected to drive the global CNC grinder market during the forecast period.

Global Desktop CNC Machines Market, 2016–2023 (USD Million)

Source: MRFR Analysis

Scope of the Report

This study provides an overview of the global desktop CNC machines market, tracking two market segments across four geographic regions. The report studies key players and provides a five-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia-Pacific, and the rest of the world (ROW). The report also provides a forecast, which focuses on the market opportunities for the next five years for each region. The scope of the study segments the global desktop CNC machines market by product type, application, and region.Browse Complete Report Details @ https://www.marketresearchfuture.com/reports/desktop-cnc-machines-market-7603

• CNC Lathe


• CNC Milling Machine


• CNC Grinding Machine

By Application

• Machinery Manufacturing


• Automotive


• Aerospace & Defense


• Others

By Region

• North America 


• Asia-Pacific 


• Europe


• Rest of the World  

Key Players

Some of the prominent players in the global desktop CNC machines market are Carbide3D (US), Stoney CNC (Ireland), VELOX CNC (US), PHILICAM (China), Marchant Dice (England), Stepcraft (Germany), Printrbot (US), Roland (Japan), 3D Tek (Australia), CAMaster (Georgia), Rockler (Medina), MakerDreams (Venice), RedSail (US), and Boxzy (US).