DUBLIN--(BUSINESS WIRE)--Aug 22, 2018--The "Computer Numerical Controls (CNC) Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024" report has been added to ResearchAndMarkets.com's offering.

The report predicts the global computer numerical controls (CNC) market to grow with a CAGR of 6.4% over the forecast period of 2018-2024.

Increasing advancement in the production technology have led to the reduction in time required for manufacturing components with better finish quality is anticipated to be the factor driving the growth of the computer numerical control market.

Additionally, increase in demand for mass production plants in various sectors including defense and intelligence, electronics and automobiles are fuelling the growth in the computer numerical control market.

Moreover, increasing efforts to cut down the expenses experienced in employing operators for individual machinery are anticipated to boost the growth of the computer numerical control market.

Furthermore, evolution of internet of things and machine learning technology has led to the development of applications that notify the status of machine to the supervisors' PCs and smartphones. This in turn is anticipated to provide several growth opportunities in the computer numerical control market.

On the other hand, integration of CNC technology with high speed CNC hardware highlighting accurate detection and ultra-smooth rotation are providing huge opportunities for the key players in the computer numerical control market over the years to come.

However, high cost of maintenance and after sales services of computer numerical control machines are anticipated to hamper the growth of the market over the forecast period.

Key Topics Covered

1. Preface

2. Executive Summary

3. Global Computer Numerical Controls (CNC) Market Overview

4. Computer Numerical Controls (CNC) Market Macro Indicator Analysis

5. Global Computer Numerical Controls (CNC) Market by Machines Type

6. Global Computer Numerical Controls (CNC) Market by End-use

7. Global Computer Numerical Controls (CNC) Market by Region 2018-2024

8. Company Profiles & Competitive Landscape

Amada Co. Ltd. DMTG Corporation Haas Automation Okuma Corporation Yamazaki Mazak Corporation Amera Seiki Hurco Companies Inc. Shenyang Machine Tool Co. Ltd. (SMTCL) Fanuc Corporation

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

View source version on businesswire.com:https://www.businesswire.com/news/home/20180822005440/en/

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Related Topics:Industrial Automation

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY HARDWARE SOFTWARE MANUFACTURING OTHER MANUFACTURING

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 08/22/2018 10:27 AM/DISC: 08/22/2018 10:27 AM

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