SAN FRANCISCO, Oct. 12, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "CNC Controllers - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE Edition: 5; Released: April 2021 Executive Pool: 13936 Companies: 42 - Players covered include Bosch Rexroth AG; DMG Mori Co., Ltd.; Fagor Automation S. Coop.; FANUC Corporation; Haas Automation, Inc.; Hurco Companies, Inc.; Mitsubishi Electric Corporation; Okuma Corporation; Siemens AG; Wuhan Huazhong Numerical Control Co., Ltd. (HNC); Yamazaki Mazak Corporation and Others. Coverage: All major geographies and key segments Segments: Industry Vertical (Aerospace & Defense, Automotive, Metal Manufacturing, Other Industry Verticals); Machine Type (CNC Machining Center, CNC Turning Center) Geographies: World; United States; Canada; Japan; China; Europe ( France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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Global CNC Controllers Market to Reach $3.8 Billion by 2026Amid the COVID-19 crisis, the global market for CNC Controllers estimated at US$3.1 Billion in the year 2020, is projected to reach a revised size of US$3.8 Billion by 2026, growing at a CAGR of 3.6% over the analysis period. CNC Machining Center, one of the segments analyzed in the report, is projected to record a 4.3% CAGR and reach US$2.8 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the CNC Turning Center segment is readjusted to a revised 2.3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $951.9 Million in 2021, While China is Forecast to Reach $683.4 Million by 2026The CNC Controllers market in the U.S. is estimated at US$951.9 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$683.4 Million by the year 2026 trailing a CAGR of 3.4% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.4% and 3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.5% CAGR. More
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SOURCE Global Industry Analysts, Inc.