Europe Computer Numerical Control Machine Market Size, Share, and COVID-19 Impact Analysis, By Type (Lathe Machines, Milling Machines, Laser Machines, Grinding Machines, Welding Machines, Winding Machines, and Others), By End-use (Automotive, Aerospace & Defense, Construction Equipment, Power & Energy, Industrial, and Others), and Europe Computer Numerical Control Machine Market Insights, Industry Trend, Forecasts to 2033.

Europe Computer Numerical Control Machine Market Insights Forecasts to 2033

• The Europe Computer Numerical Control Machine Market Size was valued at USD 26.02 Billion in 2023.
• The Market is Growing at a CAGR of 8.28% from 2023 to 2033
• The Europe Computer Numerical Control Machine Market Size is Expected to Reach USD 57.63 Billion by 2033

The Europe Computer Numerical Control Machine Market is anticipated to reach USD 57.63 Billion by 2033, growing at a CAGR of 8.28% from 2023 to 2033.

Market Overview

The Europe computer numerical control (CNC) machine market consists of automated manufacturing tools that use preprogrammed instructions to control the movement of machinery and tools. These machines, such as CNC lathes and milling machines, follow numerical data input to create precise and intricate items from various materials. The expansion of the market is due to the rising demand for computer numerical control (CNC) machines from automobile producers. Research funding programs being launched by different governments in association with universities are also stimulating firms to undertake R&D activities, thus providing more opportunities for the expansion of the market. CNC machine manufacturers are concentrating on the most recent developments in the area of software to further improve the connectivity of machines as part of the drive to contribute to the ease of operators and the machining shop floor flexibility. Several firms are investing more in R&D operations to enhance the design of the machine to minimize the floor space machines take up and enable multiple operations to be performed by a single machine, thus enhancing the productivity of the machining shop.

Report Coverage

This research report categorizes the market for the Europe computer numerical control machine market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Europe computer numerical control machine market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Europe computer numerical control machine market.

Driving Factors

The market growth is owed to the rise in demand for computer numerical control (CNC) machines among automobile manufacturers. The high priority of different sectors, such as aerospace & defense and automotive, towards mass production is fueling the use of automatic machines. Also, increased demand for automation and the rapid adoption of new technologies and computer-aided manufacturing (CAM) and CNC methods are likely to boost the demand for CNC machines in Europe.

Restraining Factors

Although the benefits that CNC machines can provide over traditional machines, the large purchase and maintenance prices of CNC machines are likely to limit market growth during the forecast period.

Market Segmentation

The Europe computer numerical control machine market share is classified into type and end-use.

• The lathe machines segment accounted for the largest share in 2023 and is expected to grow at a substantial CAGR during the forecast period.

The Europe computer numerical control machine market is segmented by type into lathe machines, milling machines, laser machines, grinding machines, welding machines, winding machines, and others. Among these, the lathe machines segment accounted for the largest share in 2023 and is expected to grow at a substantial CAGR during the forecast period. The growth of the segment is due to their remarkable characteristics and suitability to operate on all types of rotating surfaces. Lathe machines are capable of carrying out multiple operations like knurling, drilling, chambering, and reaming, among others.

• The industrial segment accounted for the highest share in 2023 and is expected to grow at a significant CAGR during the forecast period.

The Europe computer numerical control machine market is segmented by end-use into automotive, aerospace & defense, construction equipment, power & energy, industrial, and others. Among these, the industrial segment accounted for the highest share in 2023 and is expected to grow at a significant CAGR during the forecast period. The increase in the segment is because CNC machines are especially employed by industry vertical incumbents that include manufacturing, metal cutting, metal removing, fabrication, and other machining processes to carry out the workpiece machining.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Europe computer numerical control machine market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• AMADA MACHINERY CO., LTD.
• DMG MORI CO., LTD.
• General Technology Group Dalian Machine Tool Co., Ltd.
• AMERA.SEIKI
• Haas Automation, Inc.
• FANUC CORPORATION
• Hurco Companies, Inc.
• Okuma Corporation
• Shenyang Machine Tool Part Co., Ltd.
• Yamazaki Mazak Corporation
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In March 2023, AMADA PRESS SYSTEM CO. launched the ‘LM-16A’. The LM-16A is a wire rotation torsion spring machine equipped with a wire-rotating mechanism, eight processing slides, and 15-axis control. This machine specializes in the production of torsion springs but can also handle various wire processing forming tasks such as extension, compression, and other spring forms. The LM-16A stands out as the first of its kind in the industry to feature a double-swing axis, enabling numerical control of the lateral movement of the processing slides.

Market Segment

This study forecasts revenue at Europe, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Europe computer numerical control machine market based on the below-mentioned segments:

Europe Computer Numerical Control Machine Market, By Type

• Lathe Machines
• Milling Machines
• Laser Machines
• Grinding Machines
• Welding Machines
• Winding Machines
• Others

Europe Computer Numerical Control Machine Market, By End-use

• Automotive
• Aerospace & Defense
• Construction Equipment
• Power & Energy
• Industrial
• Others