cnc router machine market
global cnc router machine 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 machine 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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Competitive Analysis
Some of the prominent players operating in the global cnc router machine 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
