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The Rise of CNC Machines: An In-Depth Look at the Global Market Size

CNC machines have transformed the manufacturing industry, providing a faster and more accurate way to produce complex parts. As technology continues to advance, the demand for CNC machines is expected to grow rapidly. In this article, we will explore the global market size of CNC machines and the factors that are driving its growth.

According to a recent report by Allied Market Research, the global CNC machine market size was valued at $70.5 billion in 2019 and is projected to reach $131.5 billion by 2027, growing at a CAGR of 7.0% from 2020 to 2027. This staggering growth is attributed to the increasing adoption of automation in the manufacturing industry, rising demand for mass production and customization, and the need for high precision and accuracy in manufacturing processes.

The growing trend of Industry 4.0, which involves the integration of advanced technologies like IoT, robotics, and AI, has also contributed to the growth of the CNC machine market. As manufacturers seek to improve their production processes and increase efficiency, there is a growing need for smart and interconnected machines that can communicate with each other and optimize production.

One of the key factors for the growth of the CNC machine market is the increasing adoption of 5-axis machines. These machines offer more flexibility and versatility compared to 3-axis or 4-axis machines, allowing manufacturers to produce more complex and intricate parts. Some of the industries that have embraced 5-axis machines include aerospace, automotive, and medical devices.

Geographically, Asia-Pacific is the largest market for CNC machines, accounting for more than 50% of the global market share. This can be attributed to the rising demand for consumer electronics, automotive, and aerospace industries in countries like China, Japan, and South Korea. North America and Europe are also significant markets for CNC machines, driven by the growing need for automation and precision in the manufacturing industry.

In conclusion, the global CNC machine market is experiencing rapid growth, driven by the increasing demand for automation, mass production, and precision manufacturing. The adoption of advanced technologies like Industry 4.0 and 5-axis machines is expected to further accelerate the growth of the market. As we look towards the future, it is clear that CNC machines will continue to play a critical role in transforming the manufacturing industry and delivering high-quality products to consumers.

cnc machine market size

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CNC Machining

Equipped with 3-4-5 axis CNC milling and CNC turning machines, which enable us to handle even more complex parts with high precision.

Rapid Injection molding

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Sheet metal

Our talented sheet metal engineers and skilled craftsmen work together to provide high quality custom metal products.

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We offer SLA/SLS technologies to transform your 3D files into physical parts.

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About Us

What can we do?

Sigma Technik Limited, as a prototype production company and rapid manufacturer focusing on rapid prototyping and low volume production of plastic and metal parts, has advanced manufacturing technology, one-stop service, diversified manufacturing methods, on-demand manufacturing services and efficient manufacturing processes, which can provide customers with high-quality, efficient and customized product manufacturing services and help customers improve product quality and market competitiveness.

CNC Machining Case Application Field

CNC machining is a versatile manufacturing technology that can be used for a wide range of applications. Common examples include components for the aerospace, automotive, medical industries and etc.

Automotive components

Aerospace components

Medical components

Metal and plastic processing

Clear optical prototype for CNC machining

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CNC Machining FAQs

Get the support you need on CNC machining and engineering information by reading the FAQ here.

It may be caused by unstable processing equipment or tool wear and other reasons, so it is necessary to check the equipment and tools in time and repair or replace them.

It may be due to severe wear of cutting tools or inappropriate cutting parameters, which require timely replacement or adjustment of cutting tools or adjustment of machining parameters.

It may be caused by programming errors, program transmission errors, or programming parameter settings, and it is necessary to check and modify the program in a timely manner.

It may be due to equipment imbalance or unstable cutting tools during the processing, and timely adjustment of equipment and tools is necessary.

The quality and usage method of cutting fluid can affect the surface quality of parts and tool life. It is necessary to choose a suitable cutting fluid based on the processing materials and cutting conditions, and use it according to the instructions.

It may be due to residual stress in the material and thermal deformation during processing, and it is necessary to consider the compatibility between the material and processing technology to reduce part deformation.