What is CNC Router Market?
A CNC (computer numerical control) router is a machine that is very similar to the commonly used handheld router that is utilized for cutting various materials. A CNC router can aid in the cutting of materials like aluminum, steel, wood, plastic, composites, and foam. These routers can be to produce items such as interior and exterior decorations, door carvings, wood panels, signboards, moldings, wooden frames, musical instruments and furniture. They are similar to CNC milling machines and other CNC machines of this category but they provide better efficiency and they also reduce the waste produced.
Highlights from CNC Router Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Anderson Group (Taiwan), MultiCam Inc. (United States), The Shoda Company (Japan), Exel CNC Ltd (United Kingdom), Carbide 3D LLC (United States), Biesse Group (Italy), Thermwood Corporation (United States), HOMAG Group (Germany), ShopSabre (United States), Komo Machine (United States) and AXYZ Automation Group (Canada) |
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain competitive advantage through combined collaborations. Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global CNC Router market throughout the forecasted period.
Anderson Group (Taiwan), MultiCam Inc. (United States), The Shoda Company (Japan), Exel CNC Ltd (United Kingdom), Carbide 3D LLC (United States), Biesse Group (Italy), Thermwood Corporation (United States), HOMAG Group (Germany), ShopSabre (United States), Komo Machine (United States) and AXYZ Automation Group (Canada) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Laguna Tools, Inc. (United States), CNC Masters (United States), Haas Automation, Inc. (United States) and Lincoln Electric Holdings, Inc. (United States). CNC Router Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Stone Working, Wood Working, Metal Working and Others |
Type | Cross-feed Unit Type, Movable Gantry Type and Stationary Gantry Type |
Industry | Automotive,Construction,Industrial,Others |
On the basis of geography, the market of CNC Router has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increased Adoption of Advanced Machinery and Increasing Use of CNC Routers in Metal Working and Wood Working
Market Growth Drivers:
High Demand for Wood Construction and Furniture Production and Technological Advancements in the CNC Routers
Challenges:
Lack of Skilled Professionals
Restraints:
High Cost of CNC Routers
Opportunities:
Increasing Automation in the Emerging Economies and Robust Increase in the Distribution Channels
Key Target Audience
CNC Routers Manufacturers, Raw Material Suppliers, Distributors, Emerging Companies, Research Professionals and End-users