ALBANY, New York, November 23, 2016 /PRNewswire/ -- Transparency Market Research has published a new market report titled "Computer Numerical Controls (CNC) Market (Types - Lathe Machines, Milling Machines, Lasers, Grinding Units, Welding Machines, and Winding Machines; Application - Automotive, Industrial, Power & Energy, and Defense & Aerospace) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024". According to this report, the global computer numerical controls (CNC) market will exhibit a healthy 6.3% CAGR over the period between 2016 and 2024, rising from a valuation of US$52.68 bn in 2015 to US$93.45 bn by 2024. In terms of types of machines, the segment of lathe machines held the dominant share in the global market in 2015, accounting for over 19.2% of the market in terms of revenue. Geographically, Asia Pacific held the dominant 35% of the overall market in 2015. Download exclusive Sample of this reporthttp://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=2031Demand for Machines Capable of Cutting Cost and Improving Production Efficiency Drives Market The primary factor driving the increased adoption across the manufacturing sector is the capability of CNC machines to reduce human error and produce parts with maximum efficiency. Furthermore, the advanced machine control and programming capabilities enabled with the use of CNC machines, allowing easy processing of complex operations, is another key factor encouraging the increased adoption of these systems across numerous end-use areas. Computer numerical controls also allow operators to make changes or improvements to product specification and designs with minimum delay. This makes for a highly influential criteria for machines used in today's fiercely competitive environment, which is forcing companies to adopt efficient manufacturing techniques. In their efforts to achieve a competitive advantage by redesigning their manufacturing facilities with smaller footprints in terms of low manufacturing costs and improved coordination of production process, computer numerical controls are playing an expansive and significant role.