CNC Router Market
CNC Router Market Share & Trends Analysis, By Type (Stationary Gantry Type, Movable Gantry Type, Others), By Product (Plasma, Laser, Others), By Application (Wood Working, Stone Working, Others), By End-Use (Automotive, Construction, Others) & By Region Forecast, 2021-2031
Analysis of CNC Router market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
CNC Router Market Forecast and CAGR
According to the latest study by Fact.MR, the CNC (computer numerical control) router market is projected to show decent growth over the forecast period (2021-2031). Substantial growth in production and sales for CNC router seems to provide a positive outlook to the industry. Moreover, constant demand from the hospitality and corporate sector for better and economical woodwork for beautification will act as a constant driver for the sales in the long run.
What is Driving Demand for CNC Router?
Industries are adopting new ways and technologies such as automation to cut cost, increase efficiency and make the process more consistent. Additionally, the need to reduce human errors, reduce wastage and maintain high quality & precision are some intrinsic properties driving the potential volume for CNC router.
Moreover, with rapid urbanization and rise in high disposable income among middle classes demand for well-engineered, elegantly designed and aesthetically pleasing woodwork is on the rise creating a high sales for CNC router.
The main application driving the sales for CNC router is the woodworking segment which includes wood frames, door carvings, exterior and interior decorations, moldings etc. Additionally, companies are changing the traditional sales and marketing strategies by shifting to e-commerce platforms paving the way for an increase in sales of e-commerce furniture.
Automotive Sector to Bolster the Sales of CNC Router
Automotive sector is growing fast and with the introduction of electric vehicles, the sector is projected to pick up pace in production and sales. A surge in demand has let companies adopt technologies that can produce components on time with utmost precision. Additionally, with rising income levels and economic boom demand for both fuel-based and hybrid vehicles is projected to rise increasing the sales for CNC router.
Moreover, market players are focusing on the development and launching of cutting edge, next-gen CNC machines by continually investing in R&D to enrich their position in the industry. For instance, in September 2020 Mitsubishi Electric launched the M80 series CNC which includes features like optimum machine response-direct drive, low inertia, high-speed spindle motors and high-accuracy tapping function.
What Was the Impact of the COVID-19 Pandemic on CNC Router Market?
COVID-19 pandemic has impacted every sector including the financial sector, construction sector, automotive sector etc. The CNC market has suffered significant disruptions due to a slowdown in the production for wooden work and automobiles components attributed to prolonged lockdown in major manufacturing countries like China and India. Additionally, as a result, sales of machinery and equipment declined to cause a negative impact on the growth of cnc router.
Moreover, lockdowns, limited working capacity coupled with the change in the spending behaviour of consumers contributed to the decline in the growth of the production
However, with the construction and automobile segment back on track and people choosing to spend on home decors, a surge in demand for CNC routers is projected to grow over the forecast period.
Don't Need a Global Report?
save 40%! on Country & Region specific reports
Asia Pacific CNC Router Market Outlook
The Asia Pacific has seen a significant rise in sales of CNC driven machinery attributed to the rise in industrial development and the well-established automobile sector. For instance, Asia Pacific dominated the CNC machine tool market in 2019 with a value of approximately US$ 44 Bn. This significant growth is due to the presence of manufacturing hubs such as China and India which is creating the demand for CNC driven machine tools.
Meanwhile, countries like Japan and South Korea focuses on the development of cutting edge CNC machine tools and investing heavily in R&D programmes. For instance, Japan-based MAZAK is among the top players in CNC machine tool manufacturing providing high tech solutions in their products with their diversified product offering.
Europe CNC Router Market Outlook
Europe is estimated to hold the second largest market volume after the Asia Pacific owing to the trend of adopting new advanced technologies coupled with the presence of some prominent market players in the automotive industry such as Volvo, BMW and AUDI. Additionally, regional policies favouring the adoption of hybrid or electric vehicles coupled with changing consumer preference has led to a surge in demand for CNC routers in the region.
Moreover, the rise in demand for aesthetically produced wooden and metal works for home decorations over the past half-decade has led to the rise in sales for CNC routers in the region.
More Insights, Lesser Cost (-50% off)
Insights on import/export production,
pricing analysis, and more – Only @ Fact.MR
Who are the Key Manufacturers and Suppliers of CNC Routers?
Some of the prominent players in this space are
- Thermwood Corporation
- Anderson Group
- The SHODA Company
- AXYZ Automation Group
- ShopSabre
- Biesse S.p.A.
- Carbide 3D LLC
- MultiCam Inc
- HOMAG Group
- Exel CNC Ltd
- Komo Machine.
The aforementioned players are relying on a blend of organic and inorganic growth strategies such as product launches, acquisitions and collaborations to expand their overall footprint and capture substantial share.
CNC Router Market Report Highlights:
- Detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company
Key Segments
By Type
- Stationary Gantry Type
- Movable Gantry Type
- Cross Feed Unit Type
By Product
- Plasma
- Laser
- Water Jet
- Metal Tool
By Application
- Wood Working
- Stone Working
- Metal Field
- Others
By End-Use
- Automotive
- Construction
- Industrial
- Others
By Region
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Table of Content
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis and Forecast 6.1. Type 6.2. Product 6.3. Application 6.4. End-Use 7. Global Market Analysis and Forecast, By Type 7.1. Stationary Gantry Type 7.2. Movable Gantry Type 7.3. Cross Feed US$ Mn Type 8. Global Market Analysis and Forecast, By Product 8.1. Plasma 8.2. Laser 8.3. Water Jet 8.4. Metal Tool 9. Global Market Analysis and Forecast, By Application 9.1. Wood Working 9.2. Stone Working 9.3. Metal Field 9.4. Others 10. Global Market Analysis and Forecast, By End-Use 10.1. Automotive 10.2. Construction 10.3. Industrial 10.4. Others 11. Global Market Analysis and Forecast, By Region 11.1. North America 11.2. Latin America 11.3. Western Europe 11.4. Eastern Europe 11.5. East Asia 11.6. South Asia & Pacific 11.7. MEA 12. North America Sales Analysis and Forecast, by Key Segments and Countries 13. Latin America Sales Analysis and Forecast, by Key Segments and Countries 14. Western Europe Sales Analysis and Forecast, by Key Segments and Countries 15. Eastern Europe Sales Analysis and Forecast, by Key Segments and Countries 16. East Asia Sales Analysis and Forecast, by Key Segments and Countries 17. South Asia & Pacific Sales Analysis and Forecast, by Key Segments and Countries 18. MEA Sales Analysis and Forecast, by Key Segments and Countries 19. Sales Forecast by Type, Product, Application, and End-Use for 30 Countries 20. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 21. Company Profile 21.1. Thermwood Corporation 21.2. Anderson Group 21.3. The SHODA Company 21.4. AXYZ Automation Group 21.5. ShopSabre 21.6. Biesse S.p.A. 21.7. Carbide 3D LLC 21.8. MultiCam Inc 21.9. HOMAG Group 21.10. Exel CNC Ltd 21.11. Komo Machine.
Don't Need a Global Report?
save 40%! on Country & Region specific reports
List Of Table
Table 01: Global Market US$ Mn Forecast by Region
Table 02: Global Market US$ Mn Forecast by Type
Table 03: Global Market US$ Mn Forecast by Product
Table 04: Global Market US$ Mn Forecast by Application
Table 05: Global Market US$ Mn Forecast by End-Use
Table 06: North America Market US$ Mn Forecast by Country
Table 07: North America Market US$ Mn Forecast by Type
Table 08: North America Market US$ Mn Forecast by Product
Table 09: North America Market US$ Mn Forecast by Application
Table 10: North America Market US$ Mn Forecast by End-Use
Table 11: Latin America Market US$ Mn Forecast by Country
Table 12: Latin America Market US$ Mn Forecast by Type
Table 13: Latin America Market US$ Mn Forecast by Product
Table 14: Latin America Market US$ Mn Forecast by Application
Table 15: Latin America Market US$ Mn Forecast by End-Use
Table 16: Western Europe Market US$ Mn Forecast by Country
Table 17: Western Europe Market US$ Mn Forecast by Type
Table 18: Western Europe Market US$ Mn Forecast by Product
Table 19: Western Europe Market US$ Mn Forecast by Application
Table 20: Western Europe Market US$ Mn Forecast by End-Use
Table 21: Eastern Europe Market US$ Mn Forecast by Country
Table 22: Eastern Europe Market US$ Mn Forecast by Type
Table 23: Eastern Europe Market US$ Mn Forecast by Product
Table 24: Eastern Europe Market US$ Mn Forecast by Application
Table 25: Eastern Europe Market US$ Mn Forecast by End-Use
Table 26: East Asia Market US$ Mn Forecast by Country
Table 27: East Asia Market US$ Mn Forecast by Type
Table 28: East Asia Market US$ Mn Forecast by Product
Table 29: East Asia Market US$ Mn Forecast by Application
Table 30: East Asia Market US$ Mn Forecast by End-Use
Table 31: South Asia & Pacific Market US$ Mn Forecast by Country
Table 32: South Asia & Pacific Market US$ Mn Forecast by Type
Table 33: South Asia & Pacific Market US$ Mn Forecast by Product
Table 34: South Asia & Pacific Market US$ Mn Forecast by Application
Table 35: South Asia & Pacific Market US$ Mn Forecast by End-Use
Table 36: MEA Market US$ Mn Forecast by Country
Table 37: MEA Market US$ Mn Forecast by Type
Table 38: MEA Market US$ Mn Forecast by Product
Table 39: MEA Market US$ Mn Forecast by Application
Table 40: MEA Market US$ Mn Forecast by End-Use
More Insights, Lesser Cost (-50% off)
Insights on import/export production,
pricing analysis, and more – Only @ Fact.MR
List Of Figures
Figure 01: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Type
Figure 02: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product
Figure 03: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 04: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-Use
Figure 05: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Region
Figure 06: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Type
Figure 07: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product
Figure 08: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 09: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-Use
Figure 10: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 11: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Type
Figure 12: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product
Figure 13: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 14: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-Use
Figure 15: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 16: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Type
Figure 17: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product
Figure 18: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 19: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-Use
Figure 20: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 21: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Type
Figure 22: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product
Figure 23: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 24: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-Use
Figure 25: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 26: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Type
Figure 27: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product
Figure 28: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 29: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-Use
Figure 30: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 31: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Type
Figure 32: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product
Figure 33: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 34: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-Use
Figure 35: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 36: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Type
Figure 37: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product
Figure 38: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 39: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-Use
Figure 40: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
How much Growth will be achieved by CNC Router Market?
The CNC router market worth is likely to grow at 4.3% over the forecast years.
Why CNC Router Market has Higher Growth Potential?
Automotive sector is driving the CNC router market growth.
Where is Most Opportunities for CNC Router Industry Players?
Asia Pacific region is expected to be most lucrative market for CNC router industry players.
CNC Router Market