How big is the CNC market | Global Size, Growth & Forecast to 2025

Q: What is the current size of the CNC market?

The CNC market was valued at USD 68.4 billion in 2024 and is projected to reach USD 138.7 billion by 2031.

Q: What is the growth rate of the CNC market?

The CNC market is expected to grow at a CAGR of 10.7% during the forecast period of 2025 to 2031.

Q: Which applications contribute the most in the CNC market?

Machining, metal cutting, milling, drilling, turning, and component production for automotive and aerospace industries.

Q: What is driving demand in the CNC market?

Precision needs, automation, smart manufacturing trends, and demand from mass production industries.

Q: What challenges does the CNC market face?

High setup costs, maintenance requirements, skilled labor shortage, and cybersecurity vulnerabilities.

Q: How does 6W market outlook report help businesses in making decisions?

6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

Q: Do you also provide customisation in the market study?

Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com

Code: MTA5256

Publication Date: Jul 2025

How big is the CNC Market?

According to 6Wresearch internal database and industry insights, the CNC market was valued at approximately USD 68.4 billion in 2024 and is projected to reachUSD 138.7 billion by 2031,growing at a CAGR of 10.7%.

This growth is driven by increasing demand for precision manufacturing, mass production capabilities, and the widespread adoption of automation across industries. The expanding automotive, aerospace, electronics, and healthcare sectors are investing in CNC machines to enhance productivity, reduce operational costs, and ensure high-quality output.

Key Growth Drivers of the CNC Market

Increasing need for high-speed and precise machining operations
Rising use of CNC machines in automotive, aerospace, and electronics sectors
Technological advancements in multi-axis machining and automation
Growing demand for custom and complex components in mass production
Integration of IoT, AI, and Industry 4.0 for smart CNC operations

CNC Market Trends

The CNC market is witnessing rapid innovation in 5-axis and 6-axis machining systems, improving flexibility and reducing setup times. The usage of hybrid CNC machines that are a combination between additive and subtractive manufacturing is on the rise. Cloud connectivity and integration with CAD/CAM software are making real time monitoring, remote diagnostics and predictive maintenance a reality. The market is growing in demand of the environmentally friendly and power efficient CNC machines. Touchscreen intelligences such as smart CNCs and programmable logic controls (PLCs) are also becoming the standard in every manufacturing complex.

Emerging Developments in the CNC Market
Emerging developments include the launch of compact, modular CNC machines suitable for SMEs and educational institutions. The vendors are incorporating AI so that they can have a self-learning capability, adaptive machining, and automatic error correction. Rapid prototyping additive CNC machines and on demand parts manufacturing are becoming more popular. Centralized monitoring CNC control systems based on the use of clouds become popular. End-to-end digital manufacturing Ecosystems: Collaboration between machine manufacturers and software firms are resulting in end-to-end digital manufacturing industry.