Desktop CNC Machines Market Global Industry Review 2019 To 2023
Posted: May 23, 2019
Desktop CNC Machines Market Share, Size, Trends, And Business Opportunity Analysis Report 2019 include historic data, with forecast data to 2023. Desktop CNC Machines Industry report is helpful for future strategy development, and to know about Market Drivers, Restraints, Opportunities, And Global market size, share, Growth, Trends, key players forecast to 2023.
The global desktop CNC machines market has witnessed tremendous growth in the last few years, owing to the growing demand from the manufacturing sector and the quality delivered by CNC machines. Manufacturers that specialize in producing CNC machines offer a wide range of lightweight and smaller desktop machines. These machines feature high-tech machine tools including a power-driven grinding wheel, which spins at the required speed, and a fixture that guides and holds the workpiece. They are not only precise but also have the capability to handle soft materials, such as plastic and foam.
Desktop CNC machines are widely used in the various manufacturing industries, such as automotive and aerospace. Hence, the global desktop CNC machines market is anticipated to witness a significant growth rate, due to the exponential growth in these sectors. Their advanced and precise manufacturing and machining processes require highly advanced techniques to reduce machining downtime. These techniques effectively utilize raw materials and reduce material wastage, which is projected to encourage industrial operations and maximize profits for end users, globally. Additionally, these machines increase productivity and effectively reduce the gap between design and production, which are some of the factors that are increasing their adoption. However, the high cost of desktop CNC machines could hinder the overall market growth as they are much more expensive than other manually operated machines.
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Global Desktop CNC Machines Market: Regional Analysis
Geographically, the global desktop CNC machines market is segmented into North America, Europe, Asia-Pacific, and Rest of the world (RoW). In 2017, Asia-Pacific accounted for the largest market share of around 35%, followed by North America and Europe; it is anticipated to retain its position till 2023. Additionally, the region is expected to witness maximum growth rate in the global desktop CNC machines market, owing to the robust growth of manufacturing sectors in emerging economies, such as South Korea, China, and India, which is expected to increase the demand for desktop CNC machines in the next few years.
Global Desktop CNC Machines Market: Segmentation
The global desktop CNC machines market has been segmented based on product type, application, and region. The product type segment is classified into– CNC Lathe, CNC Milling Machine, and electric polishing machine. The application segment is classified into– machinery manufacturing, automotive, aerospace & defense, and others.
On the basis of product type, the CNC lathe segment emerged as the largest segment, which is anticipated to retain its position by 2023, as these machines can handle materials up to six inches diameter, which are useful in mold making and jewelry making. However, they are limited to domestic applications and are not appropriate for industrial applications. Hence, these machines, expected to have a steady growth rate in the global desktop CNC machines market during the forecast period.
On the basis of application, the market is segmented into machinery manufacturing, automotive, aerospace & defense, and others. The automotive segment is expected to witness maximum growth rate in the global desktop CNC machines market. This is due to the rapid automation of the automotive industry, which requires desktop CNC machines for manufacturing complicated automotive parts. Hence, these machines have changed the face of the automotive industry by permitting the bulk production of identical parts and components with the highest degree of accuracy.
Some of the key players operating in the global desktop CNC machines market are Carbide3D (US), Stoney CNC (Ireland), VELOX CNC (US), PHILICAM (China), Marchant Dice (England), Stepcraft (Germany), Printrbot (US), Roland (Japan), 3D Tek (Australia), CAMaster (Georgia), Rockler (Medina), MakerDreams (Venice), RedSail (US), and Boxzy (US).
The global desktop CNC machines market is highly competitive with many players, across the globe. These major players have adopted various strategies to expand their global presence and increase their foothold in the global desktop CNC machines market. Some of their key strategies include expansions, investments, acquisitions, and securing contracts.
- Raw Material Suppliers
- End Users
- Traders and Distributors
- Regulatory Bodies
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Table Of Contents
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.2 Research Objective
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Threat Of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power Of Buyers
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
5 Global Desktop CNC Machines Market, By Product Type
5.2 CNC Lathe
5.2.1 Market Estimates & Forecast, 2018–2023
5.2.2 Market Estimates & Forecast, By Region, 2018–2023
5.3 CNC Milling Machine
5.3.1 Market Estimates & Forecast, 2018–2023
5.3.2 Market Estimates & Forecast, By Region, 2018–2023
5.4 CNC Grinding Machine
5.4.1 Market Estimates & Forecast, 2018–2023
5.4.2 Market Estimates & Forecast, By Region, 2018–2023
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