CNC Machine Center Market Size, Share, Opportunities, And Trends By Type (Vertical, Horizontal), By Axis Type (3 Axis, 4 Axis, 5 Axis), By End-User (Automotive, Aerospace & Defense, Electronics, Manufacturing, Energy & Power, Others), And By Geography - Forecasts From 2023 To 2028

The CNC machine center market is projected to show steady growth during the forecast period.

CNC machine centers are precision machining centers that use computerized numerically controlled milling machines. These machines are intended to perform a variety of operations in a single setup, such as milling, drilling, boring, tapping, and reaming. CNC machine centers come in a variety of configurations, including horizontal machining centers (HMCs), vertical machining centers (VMCs), and five-axis machines. The rising defense sector investments and increasing automotive production served as an important factors behind the CNC machine center market growth.

Market Drivers

• Rising defense investments fuel the growth of the CNC machine center market.

In the defense industry, CNC machining is commonly used to produce high-precision equipment for aerospace systems, weapon systems, armour, vehicle components, communication, and electronics equipment. Major investments are being made in the defense sector to achieve advanced vehicle & weaponry systems which is fuelling growth in the CNC machine center market demand. For instance, capital investments for defense services modernization and infrastructure development increased to INR 1,62,600 crores in the Union Budget 2023-2024, representing a 6.7% increase over the financial year 2022-2023.

• Increasing automotive production drives the CNC machine center market growth.

CNC machine centers provide high precision and accuracy in machining processes. In the automotive industry, where extreme accuracy and precision are required for components such as engine parts, transmission components, and chassis elements, CNC machining assures the production of high-quality and consistent parts. The booming demand for advanced vehicles coupled with growing EV applications has positively impacted overall automotive production globally which is anticipated to increase the adoption of CNC machines in the automotive sectors. For instance,, according to the International Organization of Motor Vehicle Manufacturers (OICA), there were a total of 8,50,16,728 units produced in 2022, an increase of 6% compared to the financial year 2021.

• Technology advancements in CNC machines accelerated the CNC machine center market expansion.

Continuous technology advancements in CNC machines has pushed the CNC machine center market growth. Recently intelligent servo drive technology has been installed in CNC machines which enables automatic load identification and servo system parameter adjustment thereby increasing the efficiency and adaptability of CNC machines. Such advancements coupled with growing demand emphasis on improving precision & complex part manufacturing is expected to create a surge in the CNC machine demand & usage. Additionally, in March 2021, Yaskawa introduced the AC Servo Drive -X Series to increase customer value by providing the industry's best motion performance and digital data solution.

Asia Pacific is anticipated to dominate the CNC machine center market.

Asia Pacific is expected to account for a considerable share of the CNC machine center market owing to the region’s robust growth in automotive production. Major APAC nations namely China, and India are among the leading automotive manufacturing countries, and with rapid urbanisation, technological advancements and favourable investment inflows, automotive manufacturing is experiencing positive growth in such nations. For instance, according to the International Organization of Motor Vehicle Manufacturers (OICA), in 2022, automotive production in China reached 27.02 million units whereas India recorded 5.45 million units, which represented 24% in India and 3% in China compared to the financial year 2021.

Market Challenges

• High cost and maintenance will restrain the growth of the CNC machine center market

The cost of CNC machining equipment and specialized software required for complex parts can be high, making it difficult for businesses with limited budgets to adopt CNC machines. Moreover, the complexity of CNC parts and installation further raises the overall maintenance cost. These elements may limit the growth of the CNC machine center market.

Market Developments

• August 2023- Okuma America Corporation launched its next-generation machine control for its extensive line of CNC (computer numeric control) machine tools. The OSP-P500 applies standard with Digital Twin Technology, which allows for the creation of high-precision machining simulations on a computer while also providing real-time data feedback loops from the operational machine tool to the replicating computer.
• April 2023- Mitsubishi Electric India CNC announced the opening of a new manufacturing facility and technology center called “CNC eXPerience Park” in Bengaluru. The facility would support “Make In India” initiative and assist industries in adopting latest manufacturing technologies.
• January 2023- Hwacheon launched 7 new CNC machines, a new Gantry System GR-5, and a new optional user Interface for CNC Control Harmony. These NEW CNC machines and systems are enhanced and upgraded versions of existing company machines.
• June 2022- Loxham Precision launched its latest multi-axis diamond turning, micromachining CNC machine tool at the 22nd Euspen International Conference and Exhibition. This new 5-axis machine was created in direct response to companies that use diamond turning and micro-milling processes to manufacture complex components in small and medium batch sizes.
• August 2021- PEKO announced the addition of a mid-sized CNC horizontal machining center, the Kitamura Mycenter-HX500i, to its broad 300,000 sq ft manufacturing facility.

Company Products

• Mycenter-3020G, 15k Sparkchanger Vertical Machining Center- Kitamura Machinery’s Mycenter-3020G 15k Sparkchanger Vertical Machining Center features an 80-degree 2-station rotating pallet changer, which is ideal for high-volume production. It is an exceptional solution that meets a wide range of machining requirements. This system is well-suited for a wide range of applications, including heavy-duty mold cutting and high-speed, precision cutting of intricate parts.
• MCB-850- Avemax Industrial Co. Ltd’s “MCB-850 VMC” rigid headstock moves directly on the column without the use of an extra bracket. Its slideways have all been hardened and ground for increased durability. All essential castings are made of high-grade Meehanite cast iron that has been stressed and relieved to provide a rigid machine structure.

Segmentation

• By Type
  • Vertical
  • Horizontal
• By Axis Type
  • 3 Axis
  • 4 Axis
  • 5 Axis
• By End-User
  • Automotive
  • Aerospace & Defense
  • Electronics
  • Manufacturing
  • Energy & Power
  • Others
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Indonesia
    • Others