CNC Router Market Size 2021-2031 | Drivers
The CNC Router Market is expected to register a CAGR of 4.6% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by Type (Stationary Gantry, Movable Gantry, Cross Feed Unit), Product (Plasma, Laser, Water Jet), Application (Wood, Stone, Metal, Others), End User (Construction, Automotive, Furniture, Industrial, Others). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report CNC Router Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
CNC Router Market Segmentation
Type- Stationary Gantry
- Movable Gantry
- Cross Feed Unit
- Plasma
- Laser
- Water Jet
- Wood
- Stone
- Metal
- Others
- Construction
- Automotive
- Furniture
- Industrial
- Others
- Construction
- Automotive
- Furniture
- Industrial
- Others
Strategic Insights
CNC Router Market Growth Drivers- Rise in Furniture Production: The increased demand for customized furniture has hugely driven the CNC router market. Consequently, with companies looking to improve production efficiency and add perfection, CNC routers are being increasingly used for their ability to cut complex designs on various materials that result in higher output and quality in the furniture manufacturing.
Process Automation: CNC routers let the cutting and shaping processes happen automatically, which removes the labor as well as the cost and produces the products rapidly. As such, the prospects for CNC routers are long-term due to this increased demand for automation
- Expansion in Emerging Markets: There is a great prospect of expansion, especially in countries wherein industrialization is growing. Since expanding industries in those regions would want to have their own manufacturing base, the prospects for CNC routers demand are likely to soar. This in turn will offer new market opportunities for manufacturers to take a leap.
- Technological Advancements: The CNC technology keeps on advancing with better integrated software and enhanced capabilities in machines, which provides an opportunity to companies to innovate products that would be more efficient and versatile. Thereby, it can appeal to a wider market, and especially small and medium-sized enterprises looking to modernize their manufacturing process.
- Sustainability Practices: There is more inclination towards sustainability in manufacturing. This has driven the CNC router market greatly because companies are adopting machinery that eliminates waste and energy consumption, especially becoming consistent with global sustainability practices.Personalization and Customization: The request for customized products is on the rise, and the demand for fast and efficient CNC routers that come up with custom designs is on the increase. The interest is especially evident in the signage, cabinetry, and decorative arts sectors, as unique designs are valued here .
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the CNC Router Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the CNC Router Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The CNC Router Market is estimated to witness a CAGR of 4.6% from 2023 to 2031
The major factors driving the CNC Router Market is Rise in Furniture Production and Process Automation
Sustainability Practices and Personalization and Customization is the key future trend of the CNC Router Market
The leading players operating in the CNC Router Market include Biesse Group, Homag Group, SCM Group, Thermwood Corporation, Exel CNC Ltd., c, MultiCam Inc., Komo Machine Inc., Onsrud LP, ShopBot Tools Inc., C.R. Onsrud Inc., Laguna Tools
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
Some of the customization options available based on the request are an additional 3-5 company profiles and country-specific analysis of 3-5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 CNC Router Market - By Type
1.3.2 CNC Router Market - By Application
1.3.3 CNC Router Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. CNC ROUTER MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. CNC ROUTER MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. CNC ROUTER MARKET - GLOBAL MARKET ANALYSIS
6.1. CNC ROUTER - GLOBAL MARKET OVERVIEW
6.2. CNC ROUTER - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. CNC ROUTER MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. STATIONARY
7.3.1. Overview
7.3.2. Stationary Market Forecast and Analysis
7.4. MOVABLE
7.4.1. Overview
7.4.2. Movable Market Forecast and Analysis
8. CNC ROUTER MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. WOOD WORKING
8.3.1. Overview
8.3.2. Wood Working Market Forecast and Analysis
8.4. METAL WORKING
8.4.1. Overview
8.4.2. Metal Working Market Forecast and Analysis
8.5. STONE WORKING
8.5.1. Overview
8.5.2. Stone Working Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. CNC ROUTER MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America CNC Router Market Overview
9.1.2 North America CNC Router Market Forecasts and Analysis
9.1.3 North America CNC Router Market Forecasts and Analysis - By Type
9.1.4 North America CNC Router Market Forecasts and Analysis - By Application
9.1.5 North America CNC Router Market Forecasts and Analysis - By Countries
9.1.5.1 United States CNC Router Market
9.1.5.1.1 United States CNC Router Market by Type
9.1.5.1.2 United States CNC Router Market by Application
9.1.5.2 Canada CNC Router Market
9.1.5.2.1 Canada CNC Router Market by Type
9.1.5.2.2 Canada CNC Router Market by Application
9.1.5.3 Mexico CNC Router Market
9.1.5.3.1 Mexico CNC Router Market by Type
9.1.5.3.2 Mexico CNC Router Market by Application
9.2. EUROPE
9.2.1 Europe CNC Router Market Overview
9.2.2 Europe CNC Router Market Forecasts and Analysis
9.2.3 Europe CNC Router Market Forecasts and Analysis - By Type
9.2.4 Europe CNC Router Market Forecasts and Analysis - By Application
9.2.5 Europe CNC Router Market Forecasts and Analysis - By Countries
9.2.5.1 Germany CNC Router Market
9.2.5.1.1 Germany CNC Router Market by Type
9.2.5.1.2 Germany CNC Router Market by Application
9.2.5.2 France CNC Router Market
9.2.5.2.1 France CNC Router Market by Type
9.2.5.2.2 France CNC Router Market by Application
9.2.5.3 Italy CNC Router Market
9.2.5.3.1 Italy CNC Router Market by Type
9.2.5.3.2 Italy CNC Router Market by Application
9.2.5.4 United Kingdom CNC Router Market
9.2.5.4.1 United Kingdom CNC Router Market by Type
9.2.5.4.2 United Kingdom CNC Router Market by Application
9.2.5.5 Russia CNC Router Market
9.2.5.5.1 Russia CNC Router Market by Type
9.2.5.5.2 Russia CNC Router Market by Application
9.2.5.6 Rest of Europe CNC Router Market
9.2.5.6.1 Rest of Europe CNC Router Market by Type
9.2.5.6.2 Rest of Europe CNC Router Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific CNC Router Market Overview
9.3.2 Asia-Pacific CNC Router Market Forecasts and Analysis
9.3.3 Asia-Pacific CNC Router Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific CNC Router Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific CNC Router Market Forecasts and Analysis - By Countries
9.3.5.1 Australia CNC Router Market
9.3.5.1.1 Australia CNC Router Market by Type
9.3.5.1.2 Australia CNC Router Market by Application
9.3.5.2 China CNC Router Market
9.3.5.2.1 China CNC Router Market by Type
9.3.5.2.2 China CNC Router Market by Application
9.3.5.3 India CNC Router Market
9.3.5.3.1 India CNC Router Market by Type
9.3.5.3.2 India CNC Router Market by Application
9.3.5.4 Japan CNC Router Market
9.3.5.4.1 Japan CNC Router Market by Type
9.3.5.4.2 Japan CNC Router Market by Application
9.3.5.5 South Korea CNC Router Market
9.3.5.5.1 South Korea CNC Router Market by Type
9.3.5.5.2 South Korea CNC Router Market by Application
9.3.5.6 Rest of Asia-Pacific CNC Router Market
9.3.5.6.1 Rest of Asia-Pacific CNC Router Market by Type
9.3.5.6.2 Rest of Asia-Pacific CNC Router Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa CNC Router Market Overview
9.4.2 Middle East and Africa CNC Router Market Forecasts and Analysis
9.4.3 Middle East and Africa CNC Router Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa CNC Router Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa CNC Router Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa CNC Router Market
9.4.5.1.1 South Africa CNC Router Market by Type
9.4.5.1.2 South Africa CNC Router Market by Application
9.4.5.2 Saudi Arabia CNC Router Market
9.4.5.2.1 Saudi Arabia CNC Router Market by Type
9.4.5.2.2 Saudi Arabia CNC Router Market by Application
9.4.5.3 U.A.E CNC Router Market
9.4.5.3.1 U.A.E CNC Router Market by Type
9.4.5.3.2 U.A.E CNC Router Market by Application
9.4.5.4 Rest of Middle East and Africa CNC Router Market
9.4.5.4.1 Rest of Middle East and Africa CNC Router Market by Type
9.4.5.4.2 Rest of Middle East and Africa CNC Router Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America CNC Router Market Overview
9.5.2 South and Central America CNC Router Market Forecasts and Analysis
9.5.3 South and Central America CNC Router Market Forecasts and Analysis - By Type
9.5.4 South and Central America CNC Router Market Forecasts and Analysis - By Application
9.5.5 South and Central America CNC Router Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil CNC Router Market
9.5.5.1.1 Brazil CNC Router Market by Type
9.5.5.1.2 Brazil CNC Router Market by Application
9.5.5.2 Argentina CNC Router Market
9.5.5.2.1 Argentina CNC Router Market by Type
9.5.5.2.2 Argentina CNC Router Market by Application
9.5.5.3 Rest of South and Central America CNC Router Market
9.5.5.3.1 Rest of South and Central America CNC Router Market by Type
9.5.5.3.2 Rest of South and Central America CNC Router Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. CNC ROUTER MARKET, KEY COMPANY PROFILES
11.1. ANDERSON GROUP
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. AXYZ AUTOMATION GROUP
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. BIESSE GROUP
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. CARBIDE 3D LLC
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. EXEL CNC LTD.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. HOMAG GROUP
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. KOMO MACHINE, INC.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. MULTICAM INC.
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. SHOPSABRE
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. THERMWOOD CORPORATION
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Anderson Group
2. AXYZ Automation Group
3. Biesse Group
4. Carbide 3D LLC
5. Exel CNC Ltd.
6. HOMAG Group
7. Komo Machine, Inc.
8. MultiCam Inc.
9. ShopSabre
10. Thermwood Corporation
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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