CNC Router Market size shall reach a value of $2x61.4 Million in 2027, growing with a CAGR of 12.13% during the forecast period of 2020 to 2027.
Market Definition / Research Scope
A Computer Numerical Control router is a computer-controlled cutting machine used to cut various kinds of hard materials, which incorporates composites, wood, steel, aluminum, plastic, froth, and glass. A CNC router is additionally used to cut mortises and tenons.
The functioning of a CNC router is like a CNC milling machine. A CNC router machine utilizes computer numerical control to rule tool paths that permit the machine to work. A CNC router is fundamentally used to create things, for example, exterior and interior designs, wood boards, door carvings, wooden edges, signboards, music instruments, moldings, and furniture.
With the development of the manufacturing industry, the CNC router machine is used in different industries around the world It is used in the sign industry, crafts industry, model industry, organic glass processing, woodcraft, blister mold, etc.
CNC Router Market Growth and Trends
Driving factors for the industry :
• The global CNC router market is expected to expand at a rapid pace during the forecasted period, owing to the increase in demand for CNC routers in different industries of developing as well as developed countries across the globe owing to rapid urbanisation.
• A CNC router is known to improve factory productivity and produces consistent and high in quality work. Precision and automation are the key benefits of CNC routers and these are expected to boost the demand for CNC routers in the upcoming years all over the globe.
• A CNC router reduces the frequency of error and the time to the finish the product, which is anticipated to fuel the global CNC router market growth in the next few years.
• Growing demand for wood construction and the increase in adoption of advanced machinery to save time in various construction applications such as cutting, routing, and drilling is anticipated to propel the global CNC router market growth and demand during the forecasted period.
• The rise in use of CNC routers in metalworking and woodworking industry applications is projected to propel the CNC router market growth globally. Further, increased extraction of wood in construction applications all over the commercial and residential end sector industries is anticipated to fuel the growth of the CNC router market across the globe.
• Growing development and adoption of CNC routers for woodworking applications is a major factor that encourages end-users to shift from standard machines to CNC routers to improve product finishing, quality and in turn increase operational efficiency. This in turn is estimated to boost the global CNC router market.
• Development of new and better technologies in automotives and high expansion of the automotive industries across the world is expected to raise the demand for CNC routers to enhance the quality of production of automotives and industrial parts during the forecast period thereby raising the demand and growth of the global CNC Router Market.
Challenges for the industry :
CNC router is a computer controlled device. Hence skilled and well-trained labour or workmen is required to use or operate it. This increases the labour cost, thereby adversely impacting the demand for CNC routers. Thus, high cost of CNC routers is also anticipated to pose as a challenge and is foreseen to hamper the market.
CNC Router Market Regional Analysis
CNC Router Market Share and Competition
Key companies operating in this industry are: T 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, and Thermwood Corporation. Similar industries in this domain that is growing at a high CAGR include Router and Switch Market and Steering Wheel Switches Market.
CNC Router Market Research Report Analysis Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2020 – 2027)
• Data breakdown for every market segment (2020 – 2027)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Type Analysis (Revenue, USD Million, 2020 - 2027)
• Stationary Gantry Type
• Movable Gantry Type
• Cross Feed Unit Type
Product Analysis (Revenue, USD Million, 2020 - 2027)
• Plasma
• Laser
• Water Jet
• Metal Tool
Application Analysis (Revenue, USD Million, 2020 - 2027)
• Wood Working
• Stone Working
• Metal Field
• Others
Industry Analysis (Revenue, USD Million, 2020 - 2027)
• Automotive
• Construction
• Industrial
• Others
Region Analysis (Revenue, USD Million, 2020 - 2027)
• United States
• Canada
• Mexico
• France
• Germany
• Italy
• Spain
• United Kingdom
• Russia
• China
• India
• Philippines
• Malaysia
• Australia
• Austria
• South Korea
• Middle East
• Japan
• Africa
• Rest of World
CNC Router Market Companies
• 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
Available Versions: -
United States CNC Router Market Research Report
Europe CNC Router Market Research Report
Asia Pacific CNC Router Market Research Report
India CNC Router Market Research Report
