DUBLIN--(BUSINESS WIRE)--May 16, 2018--The "Global Computer Numerical Controls (CNC) Market - Segmented by Type, Application, and Region - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.

The computer numerical controls market is projected to register a CAGR of 7.1%, during the forecast period, 2018-2023.

There is an increasing demand for production efficiency as these computer numerical controls machines streamline many operational processes by reducing production time and minimizing human error. Also, highly competitive market has compelled players to focus on efficient manufacturing techniques and are trying to gain competitive advantage by redesigning their facilities that include CNC machines.

Growing demand for automated manufacturing in the industrial sector has resulted in the increasing uptake of CNC machines. Also, establishment of manufacturing facilities in Asia Pacific has also spurred the usage of computer numerical controls in this sector. On the other hand, automotive sector is set to be the rapidly developing segment in the coming years mainly due to the increasing rate of automated automobile manufacturing.

Developing economies, such as China and India have been witnessing rapid growth in terms of industrialization, thereby driving the market. The automotive sector is expected to grow significantly during the forecast period, owing to the rising demand for automobiles in the region. Also, easy availability of labor and the declining prices of components have resulted in manufacturers shifting their production units in this region which is further promoting the market.

Companies Mentioned

Hurco Companies Inc. Protomatic Inc. Metal craft AMS Micromedical LLC JTEKT Corporation Haas Automation Fanuc Corporation Dr. Johannes Heidenhain GmbH,Siemens AG DMG Mori Seiki Co. Takisawa Machine Tool Co. Ltd.

Key Topics Covered:

1. Introduction

2. Research Approach and Methodology

3. Executive Summary

4. Market Dynamics

5. Computer Numerical Controls Market Segmentation

6. Competitive Intelligence - Company Profiles

7. Investment Analysis

8. Future Outlook of Computer Numerical Controls Market

For more information about this report visit https://www.researchandmarkets.com/research/mdpdjr/global_computer?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180516005752/en/

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Related Topics:Computing,Industrial Automation

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY OTHER TECHNOLOGY

SOURCE: Research and Markets

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PUB: 05/16/2018 08:49 AM/DISC: 05/16/2018 08:49 AM

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