Global CNC Machine Tools Market Value
The CNC Machine Tools market in the U.S. is estimated at US$4.1 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$4.1 Billion by the year 2027 trailing a CAGR of 6.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.2% and 2.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2% CAGR.
Grinders Segment to Record 4% CAGR
In the global Grinders segment, USA, Canada, Japan, China and Europe will drive the 3.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$2 Billion in the year 2020 will reach a projected size of US$2.6 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$2.8 Billion by the year 2027, while Latin America will expand at a 5% CAGR through the analysis period.
- 3 Axis Vertical Machining Center
- 3 Axis Hard Line Vertical Machining Center
- 3 Axis 2 Linear One Hard Line Vertical Machining Center
- 3 Axis Linear One Line Vertical Machining Center
- Heat Treatment Vacuum Furnace
- Heat Treatment Oil Quenching Vacuum Furnace
- Heat Treatment Air Quenching Vacuum Furnace
