CNC (Computer Numerical Control) Machine Market to Expand at a CAGR of 9.9% over 2025 to 2032; Mitsubishi Electric India Partnered with SolidCAM to Improve CNC Machines

The global CNC (computer numerical control) machine market size stood at USD 95.29 billion in 2024. The market value is slated to rise from USD 101.22 billion in 2025 to USD 195.59 billion by 2032 at a CAGR of 9.9% during 2025-2032. Fortune Business Insights™ presents this information in its report, titled “CNC (Computer Numerical Control) Machine Market Size, Share & Industry Analysis, By Type (Metal Cutting and Metal Forming), By Application (Automotive, General Machinery, Precision Engineering, Transport Machinery, and Others), and Regional Forecast, 2025 – 2032”.

The use of CNC (computer numerical control) machines helps the automation of manufacturing processes and the maintenance of consistent product quality. The rising significance of real time data for process monitoring as industries move toward Industry 4.0 and smart factories is set to augment product adoption.

The onset of the COVID-19 pandemic had a negative impact on production activities. Owing to this, the market was temporarily affected but recovered with an inclination of manufacturers toward automation.

Okuma America Corporation Introduced Okuma OSP-P500 to Optimize Manufacturing Operations

In August 2023, Okuma America Corporation launched the next-generation machine control, Okuma OSP-P500, for its CNC (computer numerical control) machine tools line. The solution has been designed for the optimization of manufacturing operations and the improvement of user experience. Furthermore, as claimed by the company, the product has been equipped with Digital Twin Technology which allows the creation of high-precision machining simulations.

Adoption of Advanced Technologies in Machining Tools to Enhance Industry Expansion

There is an increasing adoption of new digital technologies for the improvement of productivity in manufacturing processes. The deployment of cloud computing, IoT, and machine learning technologies helps in performing high speed processing to impel CNC (computer numerical control) machine market growth.

However, the shortage of technical expertise for operating the equipment may hamper industry proliferation.

Companies Focus on Innovation to Augment Product Sales

Leading CNC (computer numerical control) machine companies emphasize the introduction of technologically advanced and innovative solutions to push product sales. Furthermore, they are also leveraging cross-marketing to increase product penetration. A few of the prominent players in the market are MAG IAS GmbH and Trumpf.

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https://www.fortunebusinessinsights.com/industry-reports/computer-numerical-controls-cnc-machine-tools-market-101707

Key Players Profiled in the Report

• Mazak Corporation (Japan)


• Doosan Machine Tools Co., Ltd. (Korea)


• Trumpf (Germany)


• Amada Machine Tools Co., Ltd (Japan)


• JTEKT Corporation (Japan)


• MAG IAS GmbH (Germany)


• Schuler AG (Germany)


• Makino (Japan)


• Hyundai WIA (Korea)


• Komatsu Ltd. (Japan)


• Okuma Corporation (Japan)


• FANUC Corporation (Japan)


• XYZ Machine Tools (U.K.)


• Mitsubishi Heavy Industries Machine Tool Co., Ltd. (Japan)


• General Technology Group Dalian Machine Tool Corporation (China)


• ANCA Group (Australia)

Key Industry Development

• April 2023 – Mitsubishi Electric India struck a collaboration with SolidCAM for the improvement of CNC machining solutions. Focused on the integration of SolidCAM’s advanced machining capabilities with Mitsubishi’s CNC systems, the deal intends to boost productivity and reduce cycle times.

Further Report Findings

• Asia Pacific led the global CNC (computer numerical control) machine market owing to favorable government initiatives focused on smart manufacturing and rapid industrialization. Besides, there is a high demand for advanced machining technologies in countries such as India, Japan, and China. China holds a key share in the Asia Pacific market impelled by an increased emphasis on the upgradation of production with advanced automation technologies.


• The Europe market is expanding considering the high demand for energy-efficient, high precision, and automated machinery. Furthermore, the region exhibits a heightened emphasis on industrial automation and the presence of strong aerospace, automotive, and precision engineering sectors in countries such as France, Italy, and Germany.


• The Latin America CNC (computer numerical control) machine market share is expanding at a moderate rate with the soaring demand for industrial manufacturing, aerospace, and automotive sectors. An increase in industrial activity and economic expansion in the region further spurs industry growth.

Table of Segmentation