CNC Metal Cutting Machine Tools Market Analysis

Global CNC metal cutting machine tools Market Overview

CNC metal cutting machine tools Market Size was valued at USD 53,386.4 Million in 2023. The CNC metal cutting machine tools Market industry is projected to grow from USD 57,657.3 Million in 2024 to USD 1,03,211.90 Million by 2032, exhibiting a compound annual growth rate (CAGR) of 7.5% during the forecast period (2024 - 2032). The 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 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.

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

CNC metal cutting machine tools Market Trends

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  Increasing demand from industries.

  
  

Metal cutting has been a crucial part of the machine working and fabrication industry, which forms a vital industrial segment across the globe. The cutting tool industry has experienced some drastic changes in the last few decades in both technical and organizational perspectives. Automotive, aerospace, construction, electronics, and power generation are the key end users of the CNC metal cutting machine tools. The advanced and precise manufacturing and machining processes involve highly advanced techniques so that machining downtime and raw material wastage can be reduced. This is projected to encourage industrial operations and maximize profits for end users across the globe, during the forecast period. The automotive sector has expanded in terms of electric vehicle (EV) sales. Macroeconomic development, effective and efficient vehicle manufacturing technique, and a rise in the global middle-class consumers are responsible for the increase in EV sales. The sales of electric vehicles (EVs) are growing rapidly owing to the rising awareness regarding environment protection and government subsidies and schemes. The awareness regarding the impact of gasoline vehicles on the environment has created a demand for electric vehicles globally. Government initiatives, such as subsidies, grants, improved charging infrastructure, and increased vehicle range help promote the adoption of electric vehicles. Moreover, automotive companies including passenger and commercial vehicles manufacturers have been focusing on the modernization of their products to enhance the efficiency of automobiles. Besides boosting vehicle manufacturing, the increase in vehicles sales has propelled the market for CNC metal cutting machine tools.

Precision and time-efficiency offered by CNC metal cutting machine tools.

The use of CNC machines and tools involves many advantages. They are more precise than manual machines and function with the same effectiveness in a loop. CNC machines effectively reduce the time between design and production, by offering accurate manufacturing as per the design, which encourages industries to use CNC machines to increase productivity and the revenue. Moreover, such machines bring accuracy and speed up manufacturing activities, which is not easily attainable by manual labor. With the help of CNC machines, complex shapes can be carved with high accuracy and finesse. Such time effectiveness with high precision and quality, and advancements in technologies such as CAD, CAM, and other CNC software have been raising the demand for CNC metal cutting machine tools. The demand for the CNC machines is limited to certain regions where the cost of the machine is still a more prominent factor than the function and features of the machine. However, the scenario is changing with a rise in the demand for polished and finished products. Such a change is expected to shift the impact of precision and time-efficiency on the CNC metal cutting machine tools Market from moderate to high over the forecast period.

CNC metal cutting machine tools Market Segment Insights

Global CNC metal cutting machine tools Class Insights

Based on Class, the CNC metal cutting machine tools Market is segmented into General, High End, and Special. The General class segment is expected to dominate the 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.

Figure 1: CNC metal cutting machine tools Market, by Class, 2023 & 2032 (USD Million)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Global CNC metal cutting machine tools Tool Insights

Based on Tool, the CNC metal cutting machine tools Market is segmented into Metal Cutting and Metal Forming. The metal cutting tool segment is expected to dominate the 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.

Figure 2: CNC metal cutting machine tools Market, by Tool, 2023 & 2032 (USD Million)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Global CNC metal cutting machine tools Product Insights

Based on product, the 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 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.

Figure 3: CNC metal cutting machine tools Market, by Product, 2023 & 2032 (USD Million)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Global CNC metal cutting machine tools Machine Type Insights

Based on Machine Type, the 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 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 machines 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.

Figure 4: CNC metal cutting machine tools Market, by Machine Type, 2023 & 2032 (USD Million)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Global CNC metal cutting machine tools Application Insights

Based on Application, the 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 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 CNC metal cutting machine tools Market during the forecast period.

Figure 5: CNC metal cutting machine tools Market, by Application, 2023 & 2032 (USD Million)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

CNC metal cutting machine tools Regional Insights

The 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.

Figure 6: CNC metal cutting machine tools Market Size By Region 2023 & 2032 (USD Million)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Global CNC metal cutting machine tools Key Market Players & Competitive Insights

The CNC metal cutting machine tools Market is characterized by the presence of many global, regional, and local players. The market is highly competitive with all the players competing to increase their market share. Intense competition and rapid advances in technology are key factors that confront market growth. The vendors compete in terms of cost, product quality, reliability, and aftermarket services. It is crucial for the vendors to offer cost-effective and high-quality CNC metal cutting machine tools to survive and succeed in an intensely competitive market environment.

The key players of CNC metal cutting machine tools Market are DMG MORI CO., LTD (Japan), Okuma Corporation (Japan), EMAG GmbH & Co. KG (Germany), Haas Automation, Inc. (US), Yamazaki Mazak Corporation (Japan), and Makino Inc (Japan) are some of the key players operating in the global market. These companies compete in terms of availability, quality, price, and technology and consider product development and expansion & investment as their key strategies in the CNC metal cutting machine tools Market. Although the international players dominate the market, regional and local players with small market shares also have a significant presence. The international players may strengthen their presence in the global market by heavily investing in product development during the forecast period.

Key Companies in the CNC metal cutting machine tools Market include.

• 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

CNC metal cutting machine tools Market Industry Developments

• In July 2023, DN Solutions, a prominent player in the global machine tool industry, exhibited at EMO Hannover, the largest machine tool fair in the world. The company showcases a diverse lineup of 20 cutting-edge machines, each speaking to the power of automation and technological innovation. EMO 2023, themed "Future Insight," was held in Hannover, Germany. DN Solutions’ 20 offerings at the show span three categories: Flexible Automation, Real Digitalization and Green Forward.


• In June 2023, EMAG started construction of a new plant in Mexico. The new EMAG plant in San Isidro is being built on a total area of 2,880 m². The production area is 1,800 m² and offers 30 machine assembly stations.


• In January 2023, Yamazaki Mazak Corporation build an India manufacturing plant (name: YAMAZAKI MAZAK MACHINE TOOLS PRIVATE LIMITED) in Pune, Maharashtra, India, in 2023. The India manufacturing plant started operations in March 2023, and it produce a new type of vertical machining center developed and designed in Japan for the Indian domestic market.


• In July 2022, GF Machining Solutions, a division of Georg Fischer Ltd, is acquired 100% of Italy-based Vam Control S.r.l., a further step in line with its Strategy 2025 to strengthen its milling and automation capabilities and expand its service offering in Europe.

CNC metal cutting machine tools Market Segmentation:

Global CNC metal cutting machine tools Class Outlook (USD Million, 2018-2032)

• General


• High-end


• Special

Global CNC metal cutting machine tools Tool Outlook (USD Million, 2018-2032)

• Metal Forming


• Metal Cutting

Global CNC metal cutting machine tools Product Outlook (USD Million, 2018-2032)

• 5-Axis


• 4-Axis


• 3-Axis


• 2-Axis


• Others

Global CNC metal cutting machine tools Machine Type Outlook (USD Million, 2018-2032)

• Conventional


• Machining Centre


• Turning Centre


• Mill-Turn


• Others

Global CNC metal cutting machine tools Application Outlook (USD Million, 2018-2032)

• Automotive


• Machinery


• IT & Electronics


• Aerospace


• Defense


• Shipbuilding


• Energy (E.G., Oil & Gas)


• Medical Devices


• Construction


• Precision Engineering


• Others

CNC metal cutting machine tools Market Regional Outlook

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  North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


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  Europe
  
  
  
  • UK
  
  
  • Germany
  
  
  • Italy
  
  
  • France
  
  
  • Spain
  
  
  • Russia
  
  
  • Rest of Europe
  
  
  
  


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  Asia-Pacific
  
  
  
  • China
  
  
  • India
  
  
  • Japan
  
  
  • South Korea
  
  
  • Thailand
  
  
  • Vietnam
  
  
  • Singapore
  
  
  • Malaysia
  
  
  • Philippines
  
  
  • Indonesia
  
  
  • Australia
  
  
  • New Zealand
  
  
  • Rest of Asia-Pacific
  
  
  
  


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  Middle East & Africa
  
  
  
  • Turkey
  
  
  • South Africa
  
  
  • GCC Countries
  
  
  • Saudi Arabia
  
  
  • Iran
  
  
  • Kenya
  
  
  • Nigeria
  
  
  • Rest of Middle East & Africa
  
  
  
  


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  South America
  
  
  
  • Brazil
  
  
  • Argentina
  
  
  • Chile
  
  
  • Peru
  
  
  • Colombia
  
  
  • Rest of South America