| Product Code: ETC6891645 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Cyprus continued to see a significant influx of Computer Numerical Control machines, with top exporters including China, Belgium, Germany, Greece, and the UK. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market for these imports. The impressive Compound Annual Growth Rate (CAGR) of 19.96% from 2020 to 2024 highlights the increasing demand for CNC machines in Cyprus. Moreover, the notable growth rate of 50.33% from 2023 to 2024 suggests a rapid expansion in the market, showcasing a positive trend for the industry in the country.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Cyprus Computer Numerical Control Machine Market Overview |
3.1 Cyprus Country Macro Economic Indicators |
3.2 Cyprus Computer Numerical Control Machine Market Revenues & Volume, 2021 & 2031F |
3.3 Cyprus Computer Numerical Control Machine Market - Industry Life Cycle |
3.4 Cyprus Computer Numerical Control Machine Market - Porter's Five Forces |
3.5 Cyprus Computer Numerical Control Machine Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Cyprus Computer Numerical Control Machine Market Revenues & Volume Share, By End-use, 2021 & 2031F |
4 Cyprus Computer Numerical Control Machine Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Cyprus Computer Numerical Control Machine Market Trends |
6 Cyprus Computer Numerical Control Machine Market, By Types |
6.1 Cyprus Computer Numerical Control Machine Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Cyprus Computer Numerical Control Machine Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Cyprus Computer Numerical Control Machine Market Revenues & Volume, By Milling Machines, 2021- 2031F |
6.1.4 Cyprus Computer Numerical Control Machine Market Revenues & Volume, By Laser Machines, 2021- 2031F |
6.1.5 Cyprus Computer Numerical Control Machine Market Revenues & Volume, By Grinding Machines, 2021- 2031F |
6.1.6 Cyprus Computer Numerical Control Machine Market Revenues & Volume, By Welding Machines, 2021- 2031F |
6.1.7 Cyprus Computer Numerical Control Machine Market Revenues & Volume, By Winding Machines, 2021- 2031F |
6.1.8 Cyprus Computer Numerical Control Machine Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Cyprus Computer Numerical Control Machine Market, By End-use |
6.2.1 Overview and Analysis |
6.2.2 Cyprus Computer Numerical Control Machine Market Revenues & Volume, By Automotive, 2021- 2031F |
6.2.3 Cyprus Computer Numerical Control Machine Market Revenues & Volume, By Aerospace & Defense, 2021- 2031F |
6.2.4 Cyprus Computer Numerical Control Machine Market Revenues & Volume, By Construction Equipment, 2021- 2031F |
6.2.5 Cyprus Computer Numerical Control Machine Market Revenues & Volume, By Power & Energy, 2021- 2031F |
6.2.6 Cyprus Computer Numerical Control Machine Market Revenues & Volume, By Industrial, 2021- 2031F |
6.2.7 Cyprus Computer Numerical Control Machine Market Revenues & Volume, By Others, 2021- 2031F |
7 Cyprus Computer Numerical Control Machine Market Import-Export Trade Statistics |
7.1 Cyprus Computer Numerical Control Machine Market Export to Major Countries |
7.2 Cyprus Computer Numerical Control Machine Market Imports from Major Countries |
8 Cyprus Computer Numerical Control Machine Market Key Performance Indicators |
9 Cyprus Computer Numerical Control Machine Market - Opportunity Assessment |
9.1 Cyprus Computer Numerical Control Machine Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Cyprus Computer Numerical Control Machine Market Opportunity Assessment, By End-use, 2021 & 2031F |
10 Cyprus Computer Numerical Control Machine Market - Competitive Landscape |
10.1 Cyprus Computer Numerical Control Machine Market Revenue Share, By Companies, 2024 |
10.2 Cyprus Computer Numerical Control Machine Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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