Europe CNC Machine Market Report and Forecast 2024-2032
Market Report I 2023-12-02 I 158 Pages I EMR Inc.
Europe CNC Machine Market Report and Forecast 2024-2032
Market Outlook
According to the report by Expert Market Research (EMR), the Europe CNC machine market is projected to grow at a CAGR of 7.2% between 2024 and 2032. Aided by the ongoing technological advancements and increasing demand in various industries, the market is expected to grow significantly by 2032.
CNC machines, renowned for their precision and efficiency, are automated machine tools that execute pre-programmed sequences of machine control commands. These machines are pivotal in modern manufacturing processes, offering enhanced accuracy, consistency, and flexibility in the production of a wide range of components. The growing demand for CNC machines in Europe is driven by the region's robust manufacturing sector, particularly in automotive, aerospace, and industrial machinery.
A key factor contributing to the Europe CNC machine market growth is the region's strong automotive industry. The precision and efficiency offered by CNC machines are crucial in producing high-quality automotive components, supporting the industry's demand for reliability and innovation. Moreover, the shift towards electric vehicles (EVs) and the increasing complexity of automotive components are further boosting the demand for advanced CNC machining solutions.
Another significant driver is the aerospace industry, where the need for high-precision parts is paramount. CNC machines are extensively used in the production of aircraft components, where accuracy and material integrity are critical. The rising demand for new aircraft and the ongoing modernisation of existing fleets are contributing to the Europe CNC machine market demand.
The increasing adoption of Industry 4.0 practices is also influencing the European CNC machine market. The integration of CNC machines with Internet of Things (IoT) technology, artificial intelligence (AI), and automation systems is enhancing the efficiency, productivity, and flexibility of manufacturing processes. This technological integration is not only optimising production but also enabling more complex and intricate designs to be produced.
Regionally, Germany accounts for a healthy portion of the Europe CNC machine market share, thanks to its strong manufacturing base and focus on technological innovation. Other significant contributors include Italy, the UK, and France, each benefiting from robust industrial sectors and a focus on manufacturing excellence.
Market Segmentation
The market can be divided based on type, application, and country.
Market Breakup by Type
- Lathe Machine
- Miller Machine
- Laser Machine
- Welding Machine
- Winding Machine
- Others
Market Breakup by Application
- Automotive
- Aerospace and Defence
- Construction Equipment
- Power and Energy
- Industrial
- Others
Market Breakup by Country
- UK
- Germany
- Italy
- France
- Others
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the Europe CNC machine market. Some of the major players explored in the report by Expert Market Research are as follows:
- Bosch Rexroth AG
- Amada Machine Tools Co., Ltd.
- FANUC Europe Corporation
- Mondragon Corporation
- Hurco Europe Ltd
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Europe
7 Opportunities and Challenges in the Market
8 Europe CNC Machine Market Analysis
8.1 Key Industry Highlights
8.2 Europe CNC Machine Historical Market (2018-2023)
8.3 Europe CNC Machine Market Forecast (2024-2032)
8.4 Europe CNC Machine Market by Type
8.4.1 Lathe Machine
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Miller Machine
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Laser Machine
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Welding Machine
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Winding Machine
8.4.5.1 Historical Trend (2018-2023)
8.4.5.2 Forecast Trend (2024-2032)
8.4.6 Others
8.5 Europe CNC Machine Market by Application
8.5.1 Automotive
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Aerospace and Defense
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Construction Equipment
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Power and Energy
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Industrial
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.5.6 Others
8.6 Europe CNC Machine Market by Country
8.6.1 UK
8.6.2 Germany
8.6.3 Italy
8.6.4 France
8.6.5 Others
9 Regional Analysis
9.1 UK
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Germany
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.3 Italy
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.4 France
9.4.1 Historical Trend (2018-2023)
9.4.2 Forecast Trend (2024-2032)
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter's Five Forces Analysis
10.2.1 Supplier's Power
10.2.2 Buyer's Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Bosch Rexroth AG
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 Amada Machine Tools Co., Ltd.
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 FANUC Europe Corporation
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 Mondragon Corporation
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 Hurco Europe Ltd
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 Others
13 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Europe CNC Machine Market: Key Industry Highlights, 2018 and 2032
2. Europe CNC Machine Historical Market: Breakup by Type (USD Million), 2018-2023
3. Europe CNC Machine Market Forecast: Breakup by Type (USD Million), 2024-2032
4. Europe CNC Machine Historical Market: Breakup by Application (USD Million), 2018-2023
5. Europe CNC Machine Market Forecast: Breakup by Application (USD Million), 2024-2032
6. Europe CNC Machine Historical Market: Breakup by Country (USD Million), 2018-2023
7. Europe CNC Machine Market Forecast: Breakup by Country (USD Million), 2024-2032
8. Europe CNC Machine Market Structure
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