The global CNC router market is anticipated to grow at a significant CAGR during the forecast period. The major factor for the growth of the market is the increasing need for automation processes in various industries globally. CNC routers are used to improve the productivity of an organization along will the reduced number of manpower required.
CNC router is an automatic machine that is controlled by the computer and is used for various precision cutting operations that include cutting of materials such as steel, wood, aluminium, glass, plastics, composites, foam, and many others. CNC machines are used as they can deliver consistent performance when it comes to the cutting of complex shapes in a repetitive process along with efficient operations. With the adoption of automation by various organizations, there is an increase in the need for CNC machines that will fuel the market during the forecast period.
According to the UNCTAD, in 2019, the percentage of the urban population grew by 55.7% as compared to 51.1% ten years ago. With this increase in urbanization, there was an increasing need to build commercial and residential buildings that increased the demand for furniture products, in turn increasing the demand for the CNC router to cut the wood in the furniture industry. With the rising income levels of the population more and more people are buying personal vehicles for the comfort and time it saves, due to that, there is an increase in demand for the CNC router machines in the automobile factory, where there are used for sheet metal cutting.
Some of the key global players in the CNC Router Market include Anderson Group, AXYZ Automation Group, Biesse S.p.A., Carbide 3D LLC, Exel CNC Ltd, HOMAG Group, Komo Machine, MultiCam Inc., ShopSabre, The SHODA Company, Thermwood Corporation, FANUC, and many others. In July 2021, FANUC announced that they have rolled out their 750,000th industrial CNC robot and are expecting their demand to grow as more manufacturers are embracing the automation process to solve the problems that come in production.
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Market Coverage
- The market number available for – 2022-2030
- Base year- 2022
- Forecast period- 2023-2030
Segment Covered-
- By Type
- By Application
- By Product
- By Industrial Verticals
Regions Covered
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape – Anderson Group AXYZ Automation Group, Biesse S.p.A., Carbide 3D LLC, Exel CNC Ltd, HOMAG Group, Komo Machine.
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CNC Router Market by Segments
By Type
- Stationary Gantry Type
- Movable Gantry Type
- Cross Feed Unit Type
By Application
- Woodworking
- Stoneworking
- Metal fields
By Product
- Plasma
- Laser
- Water Jet
- Metal Tool
By Industrial Vertical
- Construction
- Furniture
- Industrial
- Automobile
CNC Router Market by Regions
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
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