About NC Machine
The global NC Machine market expected to witness high growth in the forecasted period due to an increase in various application areas. Numerical control is called the NC and it is very commonly used in machine tools. Numerical control is defined as the form of programmable automation, in which the process is controlled by the number, letters, and symbols. In the case of machine tools, this programmable automation is used for the operation of the machines.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Leading key players are focusing on strategic partnerships to improve their products and services. Companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global NC Machine market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
3D Systems (United States), Autodesk (United States), Dassault Systems (France), Hexagon (Sweden), Siemens (Germany), NTT Data Engineering (Japan), Napa (United States) and Chevrolet (India) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global NC Machine market by Type (Lathe Machines, Milling Machines, Laser Machines, Grinding Machines, Welding Machines, Winding Machines and Others), Application (Automotive, Aerospace, Shipbuilding, Medical products and Electrical and electronics) and Region.
On the basis of geography, the market of NC Machine 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). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the NC Machine market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Demand for various End-User Industries and Growing Demand in Mass Production Plants
Market Growth Drivers:
Increasing Adoption in Aerospace Industry and High Demand due to Improvised Precision and Quality
Challenges:
Skilled Labor Shortage
Restraints:
Availability of Substitutes Advanced Machines
Opportunities:
Technological Advancement in the NC Machine and Increase in the Number of Application Areas and Reduced Cost
Market Leaders and their expansionary development strategies
In February 2023, Nidec completed the acquisition of Italian machine tool manufacturer Pama and its affiliates. Pama, which manufactures machine tools, such as boring and milling machines and machining centers, will become a wholly owned subsidiary of Nidec.
In April 2023, Mitsubishi Electric India has launched a new range of sustainable and technologically advanced machine tools – the M800V and M80V series. These machines are equipped with unique features that increase productivity and contribute towards creating a sustainable industrial environment.
Key Target Audience
NC Machine Manufactures, NC Machine Suppliers, NC Machine Distributors, Industry Association, Government Regulatory Bodies, Private Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.