CNC Router Market Global Analysis & Forecast To 2025 Research Report
Posted by Rishikesh Kurane on October 23rd, 2019
CNC Router Market Share, Size, Trends, And Business Opportunity Analysis Report 2019 include historic data, with forecast data to 2025. CNC Router Market report is helpful for future strategy development, and to know about Market Drivers, Restraints, Opportunities, And Global market size, share, Growth, Trends, key players forecast to 2025.
The Global CNC Router Market is expected to gain a value of USD 6,299.5 Million by 2025, with a CAGR of 6.14% during the forecast period (2019–2025).
The report covers segmentation and the market dynamics for a better glimpse of the market in the coming years. A CNC Router is a computer numerically controlled cutting machine where the tool paths are controlled via a computer. CNC routers are used for cutting various hard materials, such as wood, composites, aluminum, steel, plastics, and foams. CNC routers are very efficient, working simultaneously in three directions to produce complex shapes. A CNC router is generally available in 3,4, and 5-axis rotating bits to remove material from stock to shape a component. In 3-axis CNC routers, tools can move simultaneously in all three directions such as X-axis, Y-axis, and Z-axis. The CNC router is available as various products, such as plasma, laser, water jet, and metal cutting tools, which are used for different applications such as wood, stone, and metalworking. The CNC router is widely used in many industry verticals including aluminum and metal cladding, sign making, graphics & print finishing, cabinetry, general woodworking, plastic fabrication, metal fabrication, and foam packaging.
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Based on region, the market is segmented into North America, Europe, Asia-Pacific, and the rest of the world. Asia-Pacific is anticipated to lead the CNC router market during the forecast period, followed by Europe. Asia-Pacific is expected to witness excellent growth in the CNC router market, owing to the presence of China, India, and Japan. These countries are recognized as the leading production countries for automotive parts and industrial parts in the global market. Moreover, the expansion of automotive industry in the region is expected to raise the demand for CNC routers to enhance the quality of production of automotive parts and industrial parts during the forecast period.
The Global CNC Router Market is expected to reach USD 6,299.5 million at a CAGR of over 6.14% by the end of the forecast period.
The global CNC router market is segmented based on type, product, application, and end-use industry.
Based on type, the global CNC router market is segmented into movable gantry type, stationary gantry type, and cross-feed unit type. The movable gantry type segment is expected to dominate the market, owing to increased use across large industrial applications such as construction, industrial, automotive, and power industry.
In terms of value, the movable gantry type segment accounted for the larger market share of 54.9% in 2018, with a market value of USD 2,292.8 million; it is expected to register a CAGR of 6.38% during the forecast period.
Based on product, the global CNC router market is segmented into plasma, laser, water jet, and metal tool. In 2018, the metal tools segment held the largest market share of 54.3% in 2018, with a market value of USD 2,269.1 million. This value is projected to reach USD 3,219.0 million by 2025. This segment is expected to grow with the fastest CAGR of 5.21% during the forecast period.
Some of the prominent players operating in the global CNC router market report are Anderson Group (Taiwan), Exel CNC Ltd (UK), MultiCam Inc. (US), Thermwood Corporation (US), The shoda company (Japan), ShopSabre (US), AXYZ Automation Group (Canada), Carbide 3D LLC (US), Komo Machine (US), Biesse Group (Italy), and HOMAG Group (Germany).
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About the AuthorRishikesh Kurane
Joined: May 4th, 2018
Articles Posted: 1,128
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