The Global CNC Router Market is expected to gain a value of USD 6,299.5 Million by 2025, with a CAGR of 6.14% during the forecast period (2019–2025).
The report covers segmentation and the market dynamics for a better glimpse of the market in the coming years. A CNC Router is a computer numerically controlled cutting machine where the tool paths are controlled via a computer. CNC routers are used for cutting various hard materials, such as wood, composites, aluminum, steel, plastics, and foams. CNC routers are very efficient, working simultaneously in three directions to produce complex shapes. A CNC router is generally available in 3,4, and 5-axis rotating bits to remove material from stock to shape a component. In 3-axis CNC routers, tools can move simultaneously in all three directions such as X-axis, Y-axis, and Z-axis. The CNC router is available as various products, such as plasma, laser, water jet, and metal cutting tools, which are used for different applications such as wood, stone, and metalworking. The CNC router is widely used in many industry verticals including aluminum and metal cladding, sign making, graphics & print finishing, cabinetry, general woodworking, plastic fabrication, metal fabrication, and foam packaging.
Based on region, the market is segmented into North America, Europe, Asia-Pacific, and the rest of the world. Asia-Pacific is anticipated to lead the CNC router market during the forecast period, followed by Europe. Asia-Pacific is expected to witness excellent growth in the CNC router market, owing to the presence of China, India, and Japan. These countries are recognized as the leading production countries for automotive parts and industrial parts in the global market. Moreover, the expansion of automotive industry in the region is expected to raise the demand for CNC routers to enhance the quality of production of automotive parts and industrial parts during the forecast period.
The Global CNC Router Market is expected to reach USD 6,299.5 million at a CAGR of over 6.14% by the end of the forecast period.
The global CNC router market is segmented based on type, product, application, and end-use industry.
Based on type, the global CNC router market is segmented into movable gantry type, stationary gantry type, and cross-feed unit type. The movable gantry type segment is expected to dominate the market, owing to increased use across large industrial applications such as construction, industrial, automotive, and power industry.
In terms of value, the movable gantry type segment accounted for the larger market share of 54.9% in 2018, with a market value of USD 2,292.8 million; it is expected to register a CAGR of 6.38% during the forecast period.
Based on product, the global CNC router market is segmented into plasma, laser, water jet, and metal tool. In 2018, the metal tools segment held the largest market share of 54.3% in 2018, with a market value of USD 2,269.1 million. This value is projected to reach USD 3,219.0 million by 2025. This segment is expected to grow with the fastest CAGR of 5.21% during the forecast period.
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Some of the prominent players operating in the global CNC router market report are Anderson Group (Taiwan), Exel CNC Ltd (UK), MultiCam Inc. (US), Thermwood Corporation (US), The shoda company (Japan), ShopSabre (US), AXYZ Automation Group (Canada), Carbide 3D LLC (US), Komo Machine (US), Biesse Group (Italy), and HOMAG Group (Germany).
Anderson Group strategizes to expand its operations to offer fast and efficient services in markets throughout the world. It enhances its international operations, sales, and distribution capabilities in countries in Central and Eastern Europe, Asia-Pacific, the Middle East, and Central and South America, where long-term growth prospects are strong. It has been focusing on strategic mergers and acquisition, as strategies to expand in the global market. For instance, in June 2017, Anderson Group acquired MATEC Germany to facilitate product and market development.
Exel CNC Ltd focuses on product development as a strategy. For instance, in June 2019, Exel CNC Ltd launched its new CNC router named SL1075pro. This new CNC router is equipped with wide a gantry made of cast iron and high-frequency automatic tool changer spindle, and brushless Delta AC servo motors and drives. This new product has a raised gantry and is ideal for the growing vacuum forming companies looking to manufacture the tools in-house. It has been working to enhance its supply chain through strategic partnerships and acquisitions across the globe. The company focuses on establishing new sales offices and production sites to expand its presence in the global market. It caters to the needs of individual end users and considers delivering solutions with optimal tools and methods.