News provided by
Share this article
Share this article
NEW YORK, Oct. 19, 2022 /PRNewswire/ -- The CNC machine tools market  is growing at a CAGR of 9.19% and is expected to register a market size growth of USD 28.18 billion from 2021 to 2026. The report analyses the market size and growth and provides accurate predictions on the growth of the market. Key Highlights
Technavio has announced its latest market research report titled Global CNC Machine Tools Market 2022-2026
The report recognizes the following as the key players in the CNC machine tools market: AMADA Co. Ltd., DMG MORI Co Ltd, DN Solutions Co. Ltd., Ellison Technologies Inc., FANUC Corp., among others. APAC to have a significant share in the CNC machine tools market. Market to observe 9.03% YOY growth in 2022. Market Dynamics
The CNC machine tools market is expected to witness substantial growth during the forecast period, primarily owing to the advantages over conventional machines. CNC machine tools are replacing conventional machines at a fast rate, as they offer advantages such as reduced cycle time, lower labor costs, and easy reproduction of parts. Moreover, CNC machine tools can be reprogrammed in a short span of time, which gives them the ability to switch from manufacturing one part to another quickly. These can store all the programs that can be used in the future. These factors will support market growth during the forecast period. The report also covers information on the upcoming trends and challenges that will influence the market growth. Explore additional information by Downloading a FREE PDF Sample Report
Vendor Analysis
The CNC machine tools market is fragmented, and the vendors are adopting organic and inorganic growth strategies to compete in the market. The key offerings of some of the major vendors are listed below:
AMADA Co. Ltd. - The company offers CNC machine tools such as TYKMA Electrox engraving systems. DMG MORI Co Ltd - The company offers CNC machine tools such as replaceable insert drills and porting tools. DN Solutions Co. Ltd. - The company offers CNC machine tools such as press brake tooling and retrofit products and accessories. Key Segments
The CNC machine tools market is segmented by product into CNC lathe machines, CNC milling machines, and others. The CNC lathe machines segment is expected to be the largest segment of the global CNC machine tools market during the forecast period. CNC lathes are used to produce plane surfaces, screw threads, and complex 3D products. CNC lathe machines are preferred over conventional lathes, as they can produce identical parts in large volumes. Regional Growth Analysis
The CNC lathe machines market is analyzed across five regions, namely APAC, Europe, North America, South America, and the Middle East and Africa. APAC is the dominating region and is expected to account for 39% of the global market share during the forecast period. The high demand for CNC machine tools in APAC is attributed to the growth of the automotive and industrial sectors. Identify potential segments and regions to invest in during the forecast period. Read FREE Sample Report
Along with the market data, Technavio offers customizations as per the specific needs of companies. The following customization options are available for the CNC machine tools market report: 
 Regional Analysis 
 Market Player Information 
Know the strategies adopted by vendors during the recovery phase. Read Our Sample Report
Related Reports
Commercial Sous Vide Machine Market  by Product and Geography - Forecast and Analysis 2022-2026: This report extensively covers market segmentation by product (water bath type sous vide machines and immersion type sous vide machines) and geography (North America, Europe, APAC, Middle East and Africa, and South America). 38% of the market's growth will originate from North America during the forecast period. The market share growth by the water bath type sous vide machines segment will be significant. Electrical Discharge Machine Market  by End-user and Geography - Forecast and Analysis 2021-2025: This report extensively covers market segmentation by end-user (machine shop, aerospace and defense, medical, automotive, and others) and geography (APAC, North America, Europe, South America, and MEA). 54% of the market's growth will originate from APAC during the forecast period. The market share growth by the machine shop segment will be significant during the forecast period. CNC Machine Tools Market Scope
Report Coverage
Key companies profiled
AMADA Co. Ltd., DMG MORI Co Ltd, DN Solutions Co. Ltd., Ellison Technologies Inc., FANUC Corp., Georg Fischer Ltd., Hurco Companies Inc., Hyundai Wia Corp., JTEKT Corp., Komatsu Mining Corp., Meredith Machinery, Micromatic Machine Tools Pvt. Ltd., Sandvik AB, Shibaura Machine Co. Ltd, TRUMPF GmbH Co. KG, 600 Group Plc, Haas Automation Inc., Allied Machine and Engineering Corp., and Makino Inc.
Market dynamics
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period. Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. Browse Industrials  Market Reports
Exhibit 27: Data Table on Comparison by Product
5.3 CNC lathe machines - Market size and forecast 2021-2026
Exhibit 28: Chart on CNC lathe machines - Market size and forecast 2021-2026 ($ billion)
Exhibit 29: Data Table on CNC lathe machines - Market size and forecast 2021-2026 ($ billion)
Exhibit 30: Chart on CNC lathe machines - Year-over-year growth 2021-2026 (%)
Exhibit 31: Data Table on CNC lathe machines - Year-over-year growth 2021-2026 (%)
5.4 CNC milling machines - Market size and forecast 2021-2026
Exhibit 32: Chart on CNC milling machines - Market size and forecast 2021-2026 ($ billion)
Exhibit 33: Data Table on CNC milling machines - Market size and forecast 2021-2026 ($ billion)
Exhibit 34: Chart on CNC milling machines - Year-over-year growth 2021-2026 (%)
Exhibit 35: Data Table on CNC milling machines - Year-over-year growth 2021-2026 (%)
5.5 Others - Market size and forecast 2021-2026
Exhibit 36: Chart on Others - Market size and forecast 2021-2026 ($ billion)
Exhibit 37: Data Table on Others - Market size and forecast 2021-2026 ($ billion)
Exhibit 38: Chart on Others - Year-over-year growth 2021-2026 (%)
Exhibit 39: Data Table on Others - Year-over-year growth 2021-2026 (%)
5.6 Market opportunity by Product 
Exhibit 40: Market opportunity by Product ($ billion)
6 Customer Landscape
Exhibit 45: Data Table on Geographic comparison
7.3 APAC - Market size and forecast 2021-2026
Exhibit 46: Chart on APAC - Market size and forecast 2021-2026 ($ billion)
Exhibit 47: Data Table on APAC - Market size and forecast 2021-2026 ($ billion)
Exhibit 48: Chart on APAC - Year-over-year growth 2021-2026 (%)
Exhibit 49: Data Table on APAC - Year-over-year growth 2021-2026 (%)
7.4 Europe - Market size and forecast 2021-2026
Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ billion)
Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ billion)
Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)
7.5 North America - Market size and forecast 2021-2026
Exhibit 54: Chart on North America - Market size and forecast 2021-2026 ($ billion)
Exhibit 55: Data Table on North America - Market size and forecast 2021-2026 ($ billion)
Exhibit 56: Chart on North America - Year-over-year growth 2021-2026 (%)
Exhibit 57: Data Table on North America - Year-over-year growth 2021-2026 (%)
7.6 South America - Market size and forecast 2021-2026
Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ billion)
Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ billion)
Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)
7.7 Middle East and Africa - Market size and forecast 2021-2026 
Exhibit 62: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
Exhibit 63: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
Exhibit 64: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
Exhibit 65: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
7.8 US - Market size and forecast 2021-2026
Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ billion)
Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ billion)
Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)
7.9 China - Market size and forecast 2021-2026
Exhibit 70: Chart on China - Market size and forecast 2021-2026 ($ billion)
Exhibit 71: Data Table on China - Market size and forecast 2021-2026 ($ billion)
Exhibit 72: Chart on China - Year-over-year growth 2021-2026 (%)
Exhibit 73: Data Table on China - Year-over-year growth 2021-2026 (%)
7.10 Germany - Market size and forecast 2021-2026
Exhibit 74: Chart on Germany - Market size and forecast 2021-2026 ($ billion)
Exhibit 75: Data Table on Germany - Market size and forecast 2021-2026 ($ billion)
Exhibit 76: Chart on Germany - Year-over-year growth 2021-2026 (%)
Exhibit 77: Data Table on Germany - Year-over-year growth 2021-2026 (%)
7.11 UK - Market size and forecast 2021-2026
Exhibit 78: Chart on UK - Market size and forecast 2021-2026 ($ billion)
Exhibit 79: Data Table on UK - Market size and forecast 2021-2026 ($ billion)
Exhibit 80: Chart on UK - Year-over-year growth 2021-2026 (%)
Exhibit 81: Data Table on UK - Year-over-year growth 2021-2026 (%)
7.12 Canada - Market size and forecast 2021-2026
Exhibit 82: Chart on Canada - Market size and forecast 2021-2026 ($ billion)
Exhibit 83: Data Table on Canada - Market size and forecast 2021-2026 ($ billion)
Exhibit 84: Chart on Canada - Year-over-year growth 2021-2026 (%)
Exhibit 85: Data Table on Canada - Year-over-year growth 2021-2026 (%)
7.13 Market opportunity by geography 
Exhibit 86: Market opportunity by geography ($ billion)
8 Drivers, Challenges, and Trends
8.1 Market drivers
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contact

11:15 EDT
CNC Machine Tools Market Size to Grow by USD 28.18 Bn, Advantages Over Conventional Machines to Drive Growth - Technav...

.
By
Share
GSC headquarters in Germantown. Germantown-based GSC, formerly known as Graphics Systems Corp., has been acquired by Santa Fe Springs, California-based Ellison Technologies Inc. Ellison Technologies is one of the largest CNC machine tool integrators in the U.S. GSC sells…
Want to Read More? Paid BizTimes subscribers get unlimited access to all Insider content and much more. Learn more in our Insider FAQ . Germantown-based GSC , formerly known as Graphics Systems Corp., has been acquired by Santa Fe Springs, California-based Ellison Technologies Inc. Ellison Technologies is one of the largest CNC machine tool integrators in the U.S. GSC sells 3D printers and 3D CAD systems. It also provides training, technical support and process solutions for 3D printing.The terms of the deal were not disclosed, but an official agreement was signed on Dec. 15.“Through the combination of Ellison Technologies and GSC, we will be able to better serve our customers – from the inception of the part through production all the way to the end of the part’s lifecycle or a redesign,” reads a statement on the GSC website. “This will enable us to strengthen our market position with a unique offering to our customers and drive growth across our organizations.”According to a press release, the acquisition of GSC fit Ellison Technologies’ growth strategy. Ellison Technologies leadership said in the release that there will be immediate opportunities for growth beyond current GSC territory and opportunities to market software and additive solutions across the U.S. long term.“We are pleased to add GSC to our portfolio of offerings focused on the advancements in manufacturing and our philosophy of the life of the part; from inception (CAD), first prototyping (3D), through manufacturing (Ellison’s core business),” said Graham Hooper, president and chief executive officer of Ellison Technologies. “Ellison will continue to evolve into a broader solution provider, helping our customers achieve their business goals to an even higher degree than we do today.”GSC will continue to operate as a stand-alone company, focused on the same product portfolio that they currently represent.GSC moved its headquarters to W189 N11161 Kleinmann Drive in Germantown in 2016 after being headquartered in Menomonee falls.The company also has offices in Eau Claire, Green Bay, Madison, and Oakbrook Terrace and Freeport, Illinois. From left are Graham Hooper, president and CEO of Ellison Technologies; Kim Kasinskas, former vice president and CFO; and Dave Kasinskas, former president and CEO of GSC. Sign Up Now
Sign up for BizTimes Daily Alerts
Stay up-to-date on the people, companies and issues that impact business in Milwaukee and Southeast Wisconsin

🔒 Germantown-based GSC acquired by Ellison Technologies Inc.

Precision Plus ups manufacturing capabilities with new CNC lathes

Online Exclusive: Antimicrobial copper alloys defend against infectious pathogens

Manufacturing industry: Reshoring opportunities survey
Participate in an online survey to help in rebuilding the supply chain. What products and components offer the biggest opportunities for reshoring? What advanced manufacturing technology is needed to enable the reshoring? To what degree did the pandemic disrupt supply chains, and how did it affect sourcing? To answer these questions and better understand the needs of the manufacturing technology community, AMT – The Association For Manufacturing Technology is asking industry, including OEMs, job shops, technology suppliers and distributors, to participate in an online survey to help in “ Rebuilding the Supply Chain .” The survey is open through February 28, 2021. The survey takes about five minutes to complete. Results will be published in March. One of the key survey questions is whether or not OEMs and job shops would value an AMT service to connect OEMs with manufacturing technology solutions for reshoring opportunities. “Participating in this survey will provide valuable insight on sourcing issues and which processes, products and components face the most pressure from imports and which offer the biggest opportunities to reshore,” says Peter R. Eelman, vice president & CXO at AMT, which owns and produces IMTS – The International Manufacturing Technology Show. “The input we receive helps AMT and IMTS develop resources to help companies make more detailed sourcing assessments and better informed sourcing decisions.”
GWS Tool Group is pleased to announce it has acquired Taurus Tool & Engineering. Taurus is the first acquisition in 2021 for GWS Tool Group, following three previous acquisitions in 2020. Located near Batavia, IL, Taurus is a leading manufacturer of precision custom cutting tools, primarily in the categories of both HSS and carbide hole making and milling tools. The company’s product capability includes complex HSS and carbide step tools for aerospace and automotive applications, custom thread-on modular tooling and combination tools for the elimination of multi-tool operations. The company features a completely re-built (February 2015) 25,000sq/ft facility outfitted with the latest CNC grinding and inspection equipment in the market. Problem resolution at the spindle has been instrumental in the company’s growth. Backing this with superior manufacturing processes and the highest level of quality control has catapulted Taurus to one of the marquee destinations for customers in need of high-quality complex round tool solutions. With the addition of Taurus, GWS further solidifies its position as the premier multi-disciplinary manufacturer of high-performance cutting tools in the marketplace today. “Taurus Tool & Engineering is an obvious match and fit for our organization,” says Rick McIntyre, GWS’ CEO. “On the carbide side, they bring a host of complimentary skill sets to our organization, while bolting on new capability in the areas of high speed tools and custom modular tooling technology know-how. Previously, GWS has had to bypass certain niches like HSS tooling, and now we can offer our customers and partners in distribution another reason to consolidate with GWS.”
“I am very excited for Taurus Tool to be joining GWS Tool Group,” says Jim Kantak, co-owner and president of Taurus Tool & Engineering. “We have overcome and accomplished so much in a short period of time and are thrilled to continue delivering our precision engineered solutions via the GWS Tool Group.”
The continued expansion of GWS by way of acquisitions and constant investment in world class technology, equipment and most importantly, people, has created an unmatched value proposition for customers operating in advanced machining environments, especially in the areas of custom round and insert tooling. https://www.GWSToolGroup.com
United Grinding expands customer, community outreach for 2021
Further expanding its outreach to manufacturers and the greater Dayton region, United Grinding North America has announced several new programs, including those already underway and events planned for 2021. The company launched a new web-based video series, initiated a scholarship program for local students and prepared an online presentation that conveys the need for digitization in today’s manufacturing world. “ United Grinding North America prides itself on partnering with customers and the community through education,” says company President and CEO Markus Stolmar. “With the new web series, scholarship program and other forthcoming resources, we continue to stand by our brand promise to contribute to the further growth of manufacturing and to helping our customers increase their competitiveness.”
The new video series, titled In the Shop With United Grinding, is published on the company’s YouTube channel and is part of a wide-ranging initiative by United Grinding North America to reinforce its longstanding commitment to partnering with its customers. The series premieres Tuesday, January 12 with an episode about the best practices for preparing grinding wheels for tool and cutter grinding applications. Hosted by United Grinding Assistant Production Manager Kevis Mitchell, the first episode of the new series also includes Application Engineer Chad Mahurin and Tool Division General Manager Simon Manns discussing the optimal way to build, dress, balance and measure wheel packs for tool grinding applications. Each new episode of In the Shop will focus on key topics that machine operators deal with on a daily or weekly basis. United Grinding North America will then offer knowledge, insight and best practices from its technical and application experts, many of whom garnered extensive first-hand shop experience prior joining the team at United Grinding North America. In addition to those experts, there will be special guest appearances from coolant suppliers, abrasives manufacturers and other United Grinding partners who will weigh in with advice and subject-matter expertise. To encourage even more subject-matter expertise – and promote careers in manufacturing – United Grinding North America has established its Gearing Up For the Future scholarship for students pursuing degrees, diplomas or certificates in manufacturing and engineering-related technical fields. Organized through the Dayton Foundation, the scholarship will award four individual students each spring with financial aid that will help them attain their educational goals and become productive members of the manufacturing community. Applied Industrial Technologies acquires Gibson Engineering
Applied Industrial Technologies has acquired Gibson Engineering Company Inc., a provider of automation products, services, and engineered solutions focused on machine vision, motion control, mobile and collaborative robotic solutions, intelligent sensors, and other related equipment. Terms of the transaction were not disclosed. Neil A. Schrimsher, president & chief executive officer for Applied, commented “We are pleased to announce the addition of Gibson Engineering and the continued expansion of our next generation automation offering and footprint. Gibson is a leading provider of emerging automation technologies across the U.S. Northeast and Mid-Atlantic markets. They bring established customer and supplier relationships, along with an experienced team highly regarded for their technical and engineering expertise that aligns with our growth strategy, market focus, and value proposition.”
Based in Norwood, Massachusetts, Gibson’s team of more than 40 associates operates from one location and serves customers across life sciences, medical device, electronics, plastics, and various industrial and consumer industries. Schrimsher adds, “Following three acquisitions in the past 16 months, we are making solid progress in growing our specialized automation offering and accelerating Applied’s growth opportunities into calendar 2021 and beyond. We welcome Gibson and look forward to leveraging their capabilities across our leading technical industry position as we continue to support our customers’ most critical assets and operational requirements.”
 
GF Machining Solutions shifts sales model in several states
As part of the company’s ongoing commitment to providing unmatched access to resources and an optimal experience for its customers, GF Machining Solutions announced that it will transition in phases to a direct sales and support model in several key states. Effective January 1, 2021, GF Machining Solutions will directly support California, Indiana, Iowa, Kentucky, Minnesota, Nevada, North Dakota, Ohio, Oregon, South Dakota Washington and Wisconsin, which were previously served by Ellison Technologies. “GF Machining Solutions and Ellison Technologies have enjoyed a successful partnership over the years and this transition was a mutual decision on the part of both companies,” says Phil Hauser, president and head of market region North & Central America for GF Machining Solutions. “We are excited to take these important steps to be closer to our customers. Our entire team is dedicated to helping manufacturers across North America improve their operations, compete at a higher level and achieve sustainable success.”
Orders placed before December 31, 2020 are being handled by Ellison Technologies in cooperation with the GF Machining Solutions direct sales team. All new orders taken after January 1, 2021 will be accepted and supported directly by GF Machining Solutions. The expansion of GF Machining Solutions’ direct sales and service support organization is backed by its growing team of world-class sales managers, field service engineers, application engineers and phone support associates. The company’s after-sales service team will be further strengthened over the coming weeks, and all support efforts will be streamlined and coordinated through GF Machining Solutions’ customer service organization. Customers in affected states have been contacted directly by GF Machining Solutions, and additional information will be provided throughout the course of the transition. ASG Automation , Division of Jergens Inc. has launched the ASG Automation website . The site focuses on the vast capabilities ASG provides to the automation and fastening world in the various markets ASG Automation serves within the assembly industry. Underpinned by world-class knowledge of threaded fastening, ASG's systems are distinctive in their operation; providing market leading precision. The website highlights the complex robotic and standalone automated systems ASG offers; from pre-engineered to custom turnkey solutions. ASG’s automated systems employ SCARA, Cartesian, 6-axis, and collaborative robots. Each pre-engineered solution featured on the site highlights the necessary components needed, while offering vast flexibility. Videos, frequently asked questions, and other downloadable content are easily available at your fingertips. If you’re looking to automate your assembly process and do not know where to start, ASG Automation can help you navigate through the process. 40+ years of experience in the industry provides customers the confidence and expertise needed when automating. ASG is an Robotics Industry Association (RIA) certified robotic integrator assuring quality and safety in every asset of their business. When it comes to automated fastening, ASG automation delivers with accuracy and precision.

Manufacturing industry: Reshoring opportunities survey

United Grinding Group manufactures precision machines for grinding, eroding, laser, measuring, and combination machining. It is based in Miamisburg, Ohio.

United Grinding Group

`` We 're delighted to have UNITED GRINDING as our new exclusive partner to help better support our customers with advanced grinding production technologies , '' said Ellison Technologies president Bobby Larmer .

UNITED GRINDING North America to add Ellison Technologies in Houston, TX to Dealer Network.

GF Machining Solutions is a partner to successful tool, mold, and die makers, and to producer of high-value parts in fast-growing market segments. GFMS offers innovative milling, EDM, laser texturing, automation, and customer services solutions.

GF Machining Solutions

Doosan provides infrastructure support and power generation equipment. It focuses on power generation, seawater desalination, heavy machinery and construction equipment, construction and engineering, and advanced machinery. The company was formerly known as Doosan and changed its name to Develon in January 2023. Develon was founded in 1896 and is based in Seoul, South Korea.

Develon

ScienceLogic engages in IT Operations Management, providing IT operations with insights to resolve and predict problems. Its AIOps platform sees everything across cloud and distributed architectures, contextualizes data through relationship mapping, and acts on this insight through integration and automation. The company was founded in 2003 and is based in Reston, Virginia.

ScienceLogic

Ellison Technologies

Ellison Technologies provides advanced machining solutions to North American metal-cutting manufacturers and their global affiliates. It is based in Santa Fe Springs, California.

Wells Fargo Success Story

Professional Services

Platform Overview

Ellison Technologies

Compete with Ellison Technologies?

Compete with Ellison Technologies?

Discover the right solution for your team