Desktop CNC Machines Market 2023-2030 Trends, Research Report, Growth Trends, Opportunities, Forecast to 2030
Desktop CNC Machines Market Overview:
The Global Desktop CNC Machines Market could
likely advance at a rate of close to 3.50% over the assessment period,
which is from 2022 to 2030, revealing Market Research Future (MRFR).
Top Boosters and Main Deterrents
The boom in the production technology has resulted in lesser
time needed to manufacture components as well as the ability to develop components
that have enhanced surface finish. The desktop CNC machines market benefits
largely from the rampant need to bring down the factory footprint, due to
lesser space availability. The latest and more advanced machine variants are
smaller in size and therefore, do not need supervisor or operator to
continuously manage the machine operations. This prevents manual labor and
helps the company save overall costs.
With time, the automation industry has transformed
completely, since manufacturers are highly focused on technological
advancements with respect to desktop computer numerical control software. This
has led to better connectivity between the machines and operators, in addition
to improved flexibility on the shop floor area. The emergence of machine learning
technology and Internet of Things (IoT) has given way to new and advanced
features, one of which is the application that helps notify the machine’s
status to the operators or supervisors directly on their PCs or smartphones.
These technological advancements and constant innovations brought about by the
manufacturers are bound to lead the desktop CNC machines market to greater
heights in the approaching years.
The high expenses incurred due to the employment of
operators for each machinery also boosts the demand for automated desktop CNC
machines. Frequent technological innovations and introduction of new features
have also enabled operators to arrive at the required decision in shorter time
as well as better productivity at the unit.
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Market Segmentation
The primary segments according to which the Desktop
CNC Machines industry has been dissected are product type and
application.
The product types are CNC Milling Machine, electric
polishing machine and CNC Lathe. The top position has been obtained by the CNC
lathe segment, which is expected to remain the same throughout the review
period. CNC lathe machines are able to manage materials that are up to six
inches diameter, which is ideal for jewelry making and mold making.
The applications of desktop CNC machines are aerospace
defense, automotive, machinery manufacturing, and others. The highest growth
rate can be recorded by the automotive segment in the desktop CNC machines
market, in line with the increasing automation in the automotive industry. Desktop
CNC machines are used in the industry to manufacture complex automotive parts.
These machines have become an essential aspect of the automotive sector, since
they facilitate the large-scale production of identical components with maximum
accuracy.
Regional Insight
The primary markets for desktop CNC machines have been
identified as Europe, North America, Asia Pacific or APAC, and the Rest of the
world (RoW).
MRFR confirms that in the year 2017, APAC led the market
with the highest share of close to 35%, followed closely by North America and
Europe. APAC’s leading position can remain the same till 2023, mostly because
of the existence of huge number of renowned manufacturers, some of which are
Yamazaki Mazak Corporation, DMG Mori Co., Ltd. and Okuma Corporation. The
region is also expected to achieve the highest growth pace in the coming years,
since more and more manufacturers are opting for desktop CNC machines instead
of traditional machines. Moreover, government initiatives like Make in India
and Made in China 2025 induce the setting up of new manufacturing units, which
also help APAC gain the upper hand in the global market.
The European desktop CNC machines market share can
gain significantly over the approaching years, given the expansive pool of celebrated
automotive companies, high-end machine manufacturers as well as renowned
technology developers, such as Dr. Johannes Heidenahain GmbH, Sandvik AB and
Datron AG, and more.
With the recent COVID-19 outbreak, North America is busy
focusing on safeguarding the health of consumers as well as the workforce,
especially among the large number of businesses and the government. This has
led to lockdown and subsequent plant closures, prompting manufacturers to come
up with effective strategies to boost their supply networks, especially in the
United States (U.S). Companies now have been hit hard by the viral outbreak and
are therefore proactively deploying automation technologies such as desktop CNC
machines. As a result, the current lockdown situation can emerge as a
significant opportunity for the desktop CNC machines in the region.
Leading Vendors
Leading vendors profiled in the global desktop CNC
machines market report are Marchant Dice (England), Carbide3D (US), RedSail
(US), Roland (Japan), PHILICAM (China), Stepcraft (Germany), Boxzy (US),
Printrbot (US), Stoney CNC (Ireland), MakerDreams (Venice), 3D Tek (Australia),
VELOX CNC (US), CAMaster (Georgia), Rockler (Medina), to list a few.
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