Published on: May 25, 2021

CNC Controller Market by Machine Type and Geography Market Analysis

CNC controller market size will increase at a steady pace. The growing adoption of industrial automation in global manufacturing industry and the increase in retrofitting and reconditioning requirements of CNC controllers will be key factors influencing market growth during the forecast period. FANUC Corp., Siemens AG, MITSUBISHI ELECTRIC Corp., DMG MORI, BOSCH REXROTH, and HURCO Co. are some of the key vendors in this marketspace.

This report provides a comprehensive analysis of the market by machine type (CNC machining center and CNC turning center) and geography.

Key Takeaways from this CNC Controller Market Report

Top Market Trend - Increased retrofitting and reconditioning requirements of CNC controllers
Key Growth Driver - Risen adoption of industrial automation in global manufacturing industry
Major Market Challenge - Decline in demand for new CNC machine installations owing to adverse impact of COVID-19 on global manufacturing sector
Parent Market - Industrial machinery
Parent Market Size - Industrial machinery industry was worth $2561.67 billion in 2020
Prominent Vendors - FANUC Corp., Siemens AG, MITSUBISHI ELECTRIC Corp., DMG MORI, BOSCH REXROTH, and HURCO Co.

To get market size, CAGR, year-over-year growth, market share of key segments & geographic regions, and other statistics, Request a FREE sample

Parent Market Insights - Industrial Machinery Industry

The CNC controller market is catalogued under the industrial machinery industry which will grow at a moderate pace during the forecast period.

CNC controller Market Segmentation

The global market for CNC controllers has been segmented by machine type and geography. Based on machine type, the market has been further segmented into CNC machining center and CNC turning center.

Based on Geography

The regional analysis provides comprehensive information of the upcoming growth opportunities across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa (MEA).

Regional-specific analysis also provide insights of the upcoming demand for CNC controllers across key countries in these regions.

What are the Upcoming CNC Controller Market Trends?

Major market trends such as the increased retrofitting and reconditioning requirements of CNC controllers and the rising adoption of industrial automation in global manufacturing industry will have a positive influence on market growth and as a result, the market size will increase at a steady rate year-over-year.

Though there are several growth for market players, the decline in demand for new CNC machine installations owing to adverse impact of COVID-19 on global manufacturing sector will hinder market growth.

To get the complete list of factors that will drive and challenge market growth, Request your FREE sample

Who are the Key Vendors in the CNC Controller Market?

Some of the key CNC controller market vendors covered in this report include:

FANUC Corp.
Siemens AG
MITSUBISHI ELECTRIC Corp.
DMG MORI
BOSCH REXROTH
HURCO Co.

Key CNC Controller Market Report Benefits

Gain in-depth insights about your market that will aid in making strategic decisions related to market entry, partnerships, new product launch, and more.
Identify the most profitable product/service segments which will help in upgrading product offerings, portfolio expansion, and market entry.
Accurate prediction on CNC controller market CAGR, market size, and growth potential.
Insights on the market’s growth & opportunities in the global and regional levels.
Get a clear understanding on the business implications of key market trends.
Detailed analysis of market challenges and risks.
Comprehensive data that covers region-, segment-, and company-specific information.
Identify key competitors and the products/services they offer, their market share, and business strategies including investments & M&As.

Need a Regional, Service or Product-specific Analysis? Get FREE Customization and modify this report to meet your requirement

Scope of the Report
Report Coverage	Details
Page number	120
Base year	2020
Forecast period	2021-2025
Parent Market	Industrial Machinery
Parent Market Size	$2561.67 billion
By Machine type	CNC Machining Center \| CNC Turning Center
Regional analysis	North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa (MEA)
Companies profiled	FANUC Corp., Siemens AG, MITSUBISHI ELECTRIC Corp., DMG MORI, BOSCH REXROTH, and HURCO Co.
Top Market Trend	Risen adoption of industrial automation in global manufacturing industry \| Increased retrofitting and reconditioning requirements of CNC controllers
Report Benefits	Market trends analysis, Competitor market share and strategies, Company profiling and competitive benchmarking, Growth opportunities in global and regional levels, Business implications of market risks and challenges