Global Computerized Numerical Control (CNC) Router Market, By Type (Stationary Gantry Type, Movable Gantry Type, Cross-feed Unit Type), Category (Industrial CNC Routers, Consumer CNC Routers), Product (Plasma, Laser, Water Jet, Metal Tool), Application (Wood Working, Stone Working, Metal Working, Others), Sales Channel (Direct Channel, Distribution Channel), End-Use Industry (Automotive, Construction, Industrial, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa)- Industry Trends and Forecast to 2028.
Market Analysis and Insights: Global Computerized Numerical Control (CNC) Router Market
Computerized numerical control (CNC) router market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the computerized numerical control (CNC) router market to exhibit a CAGR of 6.2% for the forecast period of 2021-2028.
A computer numerical control (CNC) router is basically a computer-controlled cutting machine that uses a program to control the operation of machine tools such as lathes and mills. It is used for cutting various hard materials, such as steel, wood, composites, glass, aluminum, plastic and foam among others. They help in improving the productivity of a factory and can reduce the manpower required.
The rise in disposable income of the middle-class consumer which further increases demand for aesthetically pleasing woodwork and furniture across the globe will emerge as the major factor driving market growth. The increasing availability of furniture on e-commerce platforms and the beneficial properties of CNC router, such as it reduces the frequency of error, waste, and the time to the finish the product will further aggravate the market value. Increase in adoption of advanced machinery to save time in various construction applications such as routing, cutting and drilling will also foster the market growth. However, high labor cost and expensive CNC routers is estimated to act as a restraint for the market.
- In addition to this, rising technological advancements create new opportunities for growing the market within the forecast period. The prolonged lockdown due to COVID-19 pandemic has shut-down the production of various products in the CNC router industry, which will dampen the growth rate that further result as a challenge for the market.
This computerized numerical control (CNC) router market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on computerized numerical control (CNC) router market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Computerized Numerical Control (CNC) Router Market Scope and Market Size
The computerized numerical control (CNC) router market is segmented on the basis of type, category, product, application, sales channel and end-use industry. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of type, the computerized numerical control (CNC) router market has been segmented into stationary gantry type, movable gantry type and cross-feed unit type.
- On the basis of category, the computerized numerical control (CNC) router market is segmented into industrial CNC routers and consumer CNC routers.
- On the basis of product, the computerized numerical control (CNC) router market is segmented into plasma, laser, water jet and metal tool.
- On the basis of application, the market is segmented into wood working, stone working, metal working and others.
- On the basis of sales channel, the market is segmented into direct channel and distribution channel.
- On the basis of end-use industry, the market is segmented into automotive, construction, industrial and others.
Computerized Numerical Control (CNC) Router Market Country Level Analysis
The computerized numerical control (CNC) router market is analyzed and market size, volume information is provided by type, category, product, application, sales channel and end-use industry as referenced above.
The countries covered in the computerized numerical control (CNC) router market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America region dominates the computerized numerical control (CNC) router market due to adoption of highly advanced machinery to save time and high awareness rate regarding benefits of computerized numerical control routers. Asia-Pacific region is projected to undergo substantial during the forecast period owing to the growing end user industries and growing exports of automotive parts and industrial parts within the region.
The country section of the computerized numerical control (CNC) router market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Computerized Numerical Control (CNC) Router Market Share Analysis
The computerized numerical control (CNC) router market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to computerized numerical control (CNC) router market.
The major players covered in the computerized numerical control (CNC) router market report are BIESSE GROUP, FlexiCAM, Exel CNC Automation, Thermwood Corporation, AXYZ Automation Inc., Anderson, HOMAG Group, Carbide 3D LLC, MultiCam Inc., C.R. Onsrud, Incorporated, SHODA SHOYU CO., LTD, ShopSabre CNC, Solar Industries, Tommotek, shenhuilaser among other. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.