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CNC Market by Offering (Machines, Parts & Accessories, Services), Product Type (Milling Machines, Machining Centers, Lathe Machines, Laser Machines, Drilling Machines, Grinding Machines, EDM Machines), End-User Industry & Region - Global Forecast to 2028

October 2023 | 239 pages | ID: C73283A0282DEN
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The CNC market is expected to grow from USD 67.5 billion in 2023 to USD 80.4 billion by 2028, at a CAGR of 3.5% during the forecast period. Increasing automation in manufacturing industries globally and rising mass production of high-precision components for high-growth are driving the CNC market.

“Services segment is expected to grow at the highest CAGR during the forecast period”

The services segment is expected to grow at the highest CAGR during the forecast period. CNC machine service providers often offer installation services, assembling and setting up the CNC machine at the client's facility. The growing CNC services market is a response to the increasing importance of CNC machines in modern manufacturing, the need for expertise in operating and maintaining these machines, and the desire of businesses to maximize their operational efficiency and ROI. As technology advances, the CNC services sector will likely evolve to meet new challenges and opportunities in the industry.

“Laser Machines product type is expected to register highest CAGR during the forecast period”

The Laser machines product type is expected grow at the highest CAGR during the forecast period. The Laser machines market growth is mainly due to their ability to perform a wide range of tasks with exceptional precision and their utilization across diverse industries, including semiconductors and medical. Furthermore, they are known for their energy-efficient operation and their capacity to function autonomously. With ongoing advancements in laser technology, their popularity continues to rise. They are particularly favored by industries that place a premium on precision and efficiency, which explains their strong growth in the CNC market.

“CNC market in Asia Pacific region to register highest CAGR between 2023 and 2028”

The CNC market in Asia Pacific is expected to grow at the highest CAGR during the forecast period. The region's robust economic growth, rapid industrialization, investments in technology, emerging market status, ongoing infrastructure development, and a rising middle-class consumer base. These elements collectively contribute to a strong demand for CNC machinery, particularly in industries like automotive, aerospace, semiconductos, and medical, making the Asia Pacific region a thriving hub for CNC technology adoption and market expansion. Moreover, all the leading players in the CNC market are generating the majority of their revenues from the Asian region only. China, Japan, India, and South Korea have a large customer base. These nations are home to companies prioritizing research and development, further contributing to the industry's potential.

Breakdown of primaries

In determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with key industry experts in the CNC market space. The break-up of primary participants for the report has been shown below:
  • By Company Type: Tier 1 – 35%, Tier 2 – 35%, and Tier 3 – 30%
  • By Designation: C-level Executives – 45%, Directors – 35%, and Others – 20%
  • By Region: North America –25%, Europe– 30%, Asia Pacific – 35%, and Rest of the World – 10%
Key players in the CNC market are DMG MORI (Japan), Okuma Corporation (Japan), Makino Milling Machine Co., Ltd. (Japan), Haas Automation, Inc (US), JTEKT Corporation (Japan), DN SOLUTIONS (South Korea), TRUMPF (Germany), Hurco Companies, Inc. (US), Yamazaki Mazak Corporation (Japan), GF Machining Solutions Management SA (Switzerland), CHIRON Group SE (Germany), and others.

The CNC market has been segmented into offering, product type, end-user industry, and region. The CNC market has been studied in North America, Europe, Asia Pacific, and the Rest of the World.

Reasons to buy the report:

The report will help the market leaders/new entrants with information on the closest approximate revenues for the CNC market and related segments. This report will help stakeholders understand the competitive landscape and gain more insights to strengthen their position in the market and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, opportunities, and challenges.

The report provides insights on the following pointers:
  • Analysis of key drivers (increasing automation in manufacturing industries globally, rising mass production of high-precision components for high-growth industries, and reduced operating costs and enhanced production efficiency of manufacturing plants with deployment of CNC machines ), restraints (high installation and maintenance costs of CNC machines), opportunities (increasing demand for artificial intelligence-based systems in manufacturing and integration of additive manufacturing with CNC machining), and challenges (lack of expert technicians to operate CNC machines and need for frequent technological upgrades).
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the CNC market.
  • Market Development: Comprehensive information about lucrative markets – the report analyses the CNC market across varied regions.
  • Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the CNC market.
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and product offerings of leading players like DMG MORI (Japan), Okuma Corporation (Japan), Makino Milling Machine Co., Ltd. (Japan), Haas Automation, Inc (US), JTEKT Corporation (Japan), among others.
1 INTRODUCTION

1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
  1.2.1 INCLUSIONS AND EXCLUSIONS
1.3 STUDY SCOPE
  1.3.1 MARKETS COVERED
FIGURE 1 CNC MARKET SEGMENTATION
  1.3.2 REGIONAL SCOPE
  1.3.3 YEARS CONSIDERED
  1.3.4 CURRENCY CONSIDERED
1.4 LIMITATIONS
1.5 STAKEHOLDERS
1.6 RECESSION IMPACT

2 RESEARCH METHODOLOGY

2.1 RESEARCH DATA
FIGURE 2 CNC MARKET: RESEARCH DESIGN
  2.1.1 SECONDARY AND PRIMARY RESEARCH
FIGURE 3 CNC MARKET: RESEARCH APPROACH
  2.1.2 SECONDARY DATA
    2.1.2.1 Key secondary sources
    2.1.2.2 Key data from secondary sources
  2.1.3 PRIMARY DATA
    2.1.3.1 Participants and key opinion leaders for primary interviews
    2.1.3.2 Key data from primary sources
    2.1.3.3 Key industry insights
    2.1.3.4 Breakdown of primary interviews
2.2 MARKET SIZE ESTIMATION
  2.2.1 BOTTOM-UP APPROACH
    2.2.1.1 Approach to derive market size using bottom-up analysis
(demand side)
FIGURE 4 CNC MARKET: BOTTOM-UP APPROACH
  2.2.2 TOP-DOWN APPROACH
    2.2.2.1 Approach to derive market size using top-down analysis (supply side)
FIGURE 5 CNC MARKET: TOP-DOWN APPROACH
FIGURE 6 MARKET SIZE ESTIMATION THROUGH SUPPLY-SIDE ANALYSIS
2.3 DATA TRIANGULATION
FIGURE 7 DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS
FIGURE 8 ASSUMPTIONS
2.5 PARAMETERS CONSIDERED TO STUDY RECESSION IMPACT ON CNC MARKET
2.6 RISK ASSESSMENT
TABLE 1 RISK ASSESSMENT

3 EXECUTIVE SUMMARY

FIGURE 9 MACHINES SEGMENT TO DOMINATE CNC MARKET IN 2028
FIGURE 10 MACHINING CENTERS SEGMENT TO HOLD LARGEST SHARE OF CNC MARKET IN 2028
FIGURE 11 AUTOMOTIVE & TRANSPORTATION SEGMENT TO LEAD CNC MARKET DURING FORECAST PERIOD
FIGURE 12 ASIA PACIFIC CNC MARKET TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD

4 PREMIUM INSIGHTS

4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN CNC MARKET
FIGURE 13 RISING DEMAND FOR CNC MACHINES IN CHINA, JAPAN, AND INDIA
4.2 CNC MARKET, BY OFFERING
FIGURE 14 SERVICES SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
4.3 CNC MARKET, BY PRODUCT TYPE
FIGURE 15 MACHINING CENTERS SEGMENT TO HOLD LARGEST SHARE OF CNC MARKET IN 2023
4.4 CNC MARKET, BY END-USER INDUSTRY
FIGURE 16 AUTOMOTIVE & TRANSPORTATION SEGMENT TO LEAD CNC MARKET DURING FORECAST PERIOD
4.5 CNC MARKET, BY REGION
FIGURE 17 INDIA TO RECORD HIGHEST CAGR IN CNC MARKET FROM 2023 TO 2028

5 MARKET OVERVIEW

5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 18 CNC MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
  5.2.1 DRIVERS
    5.2.1.1 Growing use of automation systems in manufacturing sector
    5.2.1.2 Mass production of high-precision components for high-growth industries
    5.2.1.3 Rising deployment of CNC machines in manufacturing plants to reduce operating costs and enhance production efficiency
FIGURE 19 CNC MARKET: IMPACT ANALYSIS OF DRIVERS
  5.2.2 RESTRAINTS
    5.2.2.1 High installation and maintenance costs
FIGURE 20 CNC MARKET: IMPACT ANALYSIS OF RESTRAINTS
  5.2.3 OPPORTUNITIES
    5.2.3.1 Increasing demand for artificial intelligence (AI)-based systems in manufacturing sector
    5.2.3.2 Integration of additive manufacturing technology into CNC machining
FIGURE 21 CNC MARKET: IMPACT ANALYSIS OF OPPORTUNITIES
  5.2.4 CHALLENGES
    5.2.4.1 Lack of skilled technicians
    5.2.4.2 Need for regular technological upgrades
FIGURE 22 CNC MARKET: IMPACT ANALYSIS OF CHALLENGES
5.3 VALUE CHAIN ANALYSIS
FIGURE 23 CNC MARKET: VALUE CHAIN ANALYSIS
5.4 ECOSYSTEM MAPPING
FIGURE 24 ECOSYSTEM MAPPING
TABLE 2 COMPANIES AND THEIR ROLE IN CNC ECOSYSTEM
5.5 PRICING ANALYSIS
  5.5.1 AVERAGE SELLING PRICE (ASP) OF CNC MACHINES OFFERED BY TOP 3 PLAYERS
FIGURE 25 AVERAGE SELLING PRICE (ASP) OF CNC MACHINES OFFERED BY TOP 3 PLAYERS
TABLE 3 AVERAGE SELLING PRICE (ASP) OF CNC MACHINES OFFERED BY TOP 3 PLAYERS
TABLE 4 AVERAGE SELLING PRICE (ASP) OF CNC MACHINES, BY REGION
5.6 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
FIGURE 26 REVENUE SHIFTS AND NEW REVENUE POCKETS FOR PLAYERS IN CNC MARKET
5.7 TECHNOLOGY ANALYSIS
  5.7.1 ARTIFICIAL INTELLIGENCE (AI)
  5.7.2 INTERNET OF THINGS (IOT)
5.8 PORTER’S FIVE FORCES ANALYSIS
FIGURE 27 CNC MARKET: PORTER’S FIVE FORCES ANALYSIS
  5.8.1 THREAT OF NEW ENTRANTS
  5.8.2 THREAT OF SUBSTITUTES
  5.8.3 BARGAINING POWER OF BUYERS
  5.8.4 BARGAINING POWER OF SUPPLIERS
  5.8.5 INTENSITY OF COMPETITIVE RIVALRY
5.9 KEY STAKEHOLDERS AND BUYING CRITERIA
  5.9.1 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 28 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 END-USER INDUSTRIES
TABLE 5 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 END-USER INDUSTRIES (%)
  5.9.2 BUYING CRITERIA
FIGURE 29 KEY BUYING CRITERIA FOR TOP 3 END-USER INDUSTRIES
TABLE 6 KEY BUYING CRITERIA FOR TOP 3 END-USER INDUSTRIES
5.10 CASE STUDY ANALYSIS
  5.10.1 CIRCLE GMBH INSTALLED HURCO EUROPE’S ROEDERS 5-AXIS MACHINING CENTER TO PRODUCE MACHINE PROTOTYPES
  5.10.2 JONES NUTTAL INSTALLED PRECISION CNC MACHINES TO IMPROVE OPERATIONAL EFFICIENCY AND RELIABILITY
  5.10.3 P-Q CONTROLS, INC. USED DETRON NEO CNC MACHINE TO REDUCE OPERATING COSTS
5.11 TRADE ANALYSIS
FIGURE 30 IMPORT DATA FOR PRODUCTS UNDER HS CODE 8459, BY KEY COUNTRY, 2018–2022 (USD MILLION)
FIGURE 31 EXPORT DATA FOR PRODUCTS UNDER HS CODE 8459, BY KEY COUNTRY, 2018–2022 (USD MILLION)
5.12 PATENT ANALYSIS
FIGURE 32 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS PERTAINING TO CNC MACHINES, 2013–2022
TABLE 7 TOP 20 PATENT OWNERS RELATED TO CNC MACHINES IN LAST 10 YEARS, 2013–2022
FIGURE 33 NUMBER OF PATENTS RELATED TO CNC MACHINES, 2013–2022
TABLE 8 CNC MARKET: PATENT ANALYSIS, 2021–2023
5.13 KEY CONFERENCES AND EVENTS, 2023–2024
TABLE 9 CNC MARKET: LIST OF CONFERENCES AND EVENTS
5.14 STANDARDS AND REGULATORY LANDSCAPE
  5.14.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 10 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 11 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 12 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 13 ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  5.14.2 STANDARDS RELATED TO CNC MACHINES
TABLE 14 CNC MARKET: STANDARDS

6 CNC MARKET, BY OFFERING

6.1 INTRODUCTION
FIGURE 34 CNC MARKET, BY OFFERING
FIGURE 35 MACHINES SEGMENT TO ACCOUNT FOR LARGEST SHARE OF CNC MARKET IN 2028
TABLE 15 CNC MARKET, BY OFFERING, 2019–2022 (USD MILLION)
TABLE 16 CNC MARKET, BY OFFERING, 2023–2028 (USD MILLION)
6.2 MACHINES
  6.2.1 RISING DEMAND FOR HIGH-QUALITY, COMPLEX COMPONENTS IN AEROSPACE AND AUTOMOTIVE INDUSTRIES TO BOOST MARKET GROWTH
6.3 PARTS & ACCESSORIES
  6.3.1 CNC CONTROLLER
    6.3.1.1 Growing need for computer-controlled machining processes in manufacturing units to fuel segmental growth
  6.3.2 OTHERS
6.4 SERVICES
  6.4.1 RISING NEED FOR EXPERTISE IN OPERATING AND MAINTAINING CNC MACHINES TO FUEL MARKET GROWTH

7 CNC MARKET, BY PRODUCT TYPE

7.1 INTRODUCTION
FIGURE 36 CNC MARKET, BY PRODUCT TYPE
FIGURE 37 MACHINING CENTERS SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE IN 2023
TABLE 17 CNC MARKET: BY PRODUCT TYPE, 2019–2022 (USD MILLION)
TABLE 18 CNC MARKET: BY PRODUCT TYPE, 2023–2028 (USD MILLION)
7.2 MILLING MACHINES
  7.2.1 RISING USE TO AUTOMATE MILLING PROCESS TO DRIVE SEGMENTAL GROWTH
TABLE 19 MILLING MACHINES: CNC MARKET, BY END-USER INDUSTRY, 2019–2022 (USD MILLION)
TABLE 20 MILLING MACHINES: CNC MARKET, BY END-USER INDUSTRY, 2023–2028 (USD MILLION)
TABLE 21 MILLING MACHINES: CNC MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 22 MILLING MACHINES: CNC MARKET, BY REGION, 2023–2028 (USD MILLION)
7.3 MACHINING CENTERS
  7.3.1 GROWING ADOPTION OF CNC MACHINES TO PERFORM COMPLEX AND VERSATILE OPERATIONS IN MACHINING CENTERS TO BOOST SEGMENTAL GROWTH
TABLE 23 MACHINING CENTERS: CNC MARKET, BY END-USER INDUSTRY, 2019–2022 (USD MILLION)
TABLE 24 MACHINING CENTERS: CNC MARKET, BY END-USER INDUSTRY, 2023–2028 (USD MILLION)
TABLE 25 MACHINING CENTERS: CNC MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 26 MACHINING CENTERS: CNC MARKET, BY REGION, 2023–2028 (USD MILLION)
7.4 LATHE MACHINES
  7.4.1 HIGH DEMAND FOR ACCURACY AND VERSATILITY IN AEROSPACE AND AUTOMOTIVE INDUSTRIES TO FUEL SEGMENTAL GROWTH
TABLE 27 LATHE MACHINES: CNC MARKET, BY END-USER INDUSTRY, 2019–2022 (USD MILLION)
TABLE 28 LATHE MACHINES: CNC MARKET, BY END-USER INDUSTRY, 2023–2028 (USD MILLION)
TABLE 29 LATHE MACHINES: CNC MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 30 LATHE MACHINES: CNC MARKET, BY REGION, 2023–2028 (USD MILLION)
7.5 LASER MACHINES
  7.5.1 GROWING DEMAND FOR CLEAN, PRECISE, AND NON-CONTACT CUTTING PROCESS TO DRIVE SEGMENTAL GROWTH
TABLE 31 LASER MACHINES: CNC MARKET, BY END-USER INDUSTRY, 2019–2022 (USD MILLION)
TABLE 32 LASER MACHINES: CNC MARKET, BY END-USER INDUSTRY, 2023–2028 (USD MILLION)
TABLE 33 LASER MACHINES: CNC MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 34 LASER MACHINES: CNC MARKET, BY REGION, 2023–2028 (USD MILLION)
7.6 DRILLING MACHINES
  7.6.1 RISING DEMAND FOR ACCURATE AND EFFICIENT DRILLING TO FUEL SEGMENTAL GROWTH
TABLE 35 DRILLING MACHINES: CNC MARKET, BY END-USER INDUSTRY, 2019–2022 (USD MILLION)
TABLE 36 DRILLING MACHINES: CNC MARKET, BY END-USER INDUSTRY, 2023–2028 (USD MILLION)
TABLE 37 DRILLING MACHINES: CNC MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 38 DRILLING MACHINES: CNC MARKET, BY REGION, 2023–2028 (USD MILLION)
7.7 GRINDING MACHINES
  7.7.1 INCREASING DEMAND FOR PRECISION GRINDING OPERATIONS TO BOOST ADOPTION
TABLE 39 GRINDING MACHINES: CNC MARKET, BY END-USER INDUSTRY, 2019–2022 (USD MILLION)
TABLE 40 GRINDING MACHINES: CNC MARKET, BY END-USER INDUSTRY, 2023–2028 (USD MILLION)
TABLE 41 GRINDING MACHINES: CNC MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 42 GRINDING MACHINES: CNC MARKET, BY REGION, 2023–2028 (USD MILLION)
7.8 ELECTRICAL DISCHARGE MACHINES
  7.8.1 RISING DEMAND FOR ADVANCED MICRO EDM TECHNIQUES TO SUPPORT SEGMENTAL GROWTH
TABLE 43 ELECTRICAL DISCHARGE MACHINES: CNC MARKET, BY END-USER INDUSTRY, 2019–2022 (USD MILLION)
TABLE 44 ELECTRICAL DISCHARGE MACHINES: CNC MARKET, BY END-USER INDUSTRY, 2023–2028 (USD MILLION)
TABLE 45 ELECTRICAL DISCHARGE MACHINES: CNC MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 46 ELECTRICAL DISCHARGE MACHINES: CNC MARKET, BY REGION, 2023–2028 (USD MILLION)

8 CNC MARKET, BY END-USER INDUSTRY

8.1 INTRODUCTION
FIGURE 38 CNC MARKET, BY END-USER INDUSTRY
FIGURE 39 AUTOMOTIVE & TRANSPORTATION SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
TABLE 47 CNC MARKET, BY END-USER INDUSTRY, 2019–2022 (USD MILLION)
TABLE 48 CNC MARKET, BY END-USER INDUSTRY, 2023–2028 (USD MILLION)
8.2 AUTOMOTIVE & TRANSPORTATION
  8.2.1 RISING FOCUS ON INCREASING MANUFACTURING EFFICIENCY DURING MASS PRODUCTION TO FUEL DEMAND
TABLE 49 AUTOMOTIVE & TRANSPORTATION: CNC MARKET, BY OFFERING, 2019–2022 (USD MILLION)
TABLE 50 AUTOMOTIVE & TRANSPORTATION: CNC MARKET, BY OFFERING, 2023–2028 (USD MILLION)
TABLE 51 AUTOMOTIVE & TRANSPORTATION: CNC MARKET, BY PRODUCT TYPE, 2019–2022 (USD MILLION)
TABLE 52 AUTOMOTIVE & TRANSPORTATION: CNC MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION)
TABLE 53 AUTOMOTIVE & TRANSPORTATION: CNC MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 54 AUTOMOTIVE & TRANSPORTATION: CNC MARKET, BY REGION, 2023–2028 (USD MILLION)
8.3 AEROSPACE
  8.3.1 GROWING ADOPTION OF CNC MACHINES FOR PRECISE MANUFACTURING TO DRIVE MARKET
TABLE 55 AEROSPACE: CNC MARKET, BY OFFERING, 2019–2022 (USD MILLION)
TABLE 56 AEROSPACE: CNC MARKET, BY OFFERING, 2023–2028 (USD MILLION)
TABLE 57 AEROSPACE: CNC MARKET, BY PRODUCT TYPE, 2019–2022 (USD MILLION)
TABLE 58 AEROSPACE: CNC MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION)
TABLE 59 AEROSPACE: CNC MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 60 AEROSPACE: CNC MARKET, BY REGION, 2023–2028 (USD MILLION)
8.4 MEDICAL
  8.4.1 INCREASING DEMAND FOR HIGHLY PRECISE MEDICAL DEVICES TO FUEL ADOPTION
TABLE 61 MEDICAL: CNC MARKET, BY OFFERING, 2019–2022 (USD MILLION)
TABLE 62 MEDICAL: CNC MARKET, BY OFFERING, 2023–2028 (USD MILLION)
TABLE 63 MEDICAL: CNC MARKET, BY PRODUCT TYPE, 2019–2022 (USD MILLION)
TABLE 64 MEDICAL: CNC MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION)
TABLE 65 MEDICAL: CNC MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 66 MEDICAL: CNC MARKET, BY REGION 2023–2028 (USD MILLION)
8.5 SEMICONDUCTORS
  8.5.1 RISING ADOPTION OF CNC MACHINES IN DIE- AND WIRE-BONDING PROCESSES TO BOOST SEGMENTAL GROWTH
TABLE 67 SEMICONDUCTORS: CNC MARKET, BY OFFERING, 2019–2022 (USD MILLION)
TABLE 68 SEMICONDUCTORS: CNC MARKET, BY OFFERING, 2023–2028 (USD MILLION)
TABLE 69 SEMICONDUCTORS: CNC MARKET, BY PRODUCT TYPE, 2019–2022 (USD MILLION)
TABLE 70 SEMICONDUCTORS: CNC MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION)
TABLE 71 SEMICONDUCTORS: CNC MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 72 SEMICONDUCTORS: CNC MARKET, BY REGION, 2023–2028 (USD MILLION)
8.6 CAPITAL GOODS
  8.6.1 GROWING DEMAND FOR FABRICATED METAL PARTS TO DRIVE MARKET
TABLE 73 CAPITAL GOODS: CNC MARKET, BY OFFERING, 2019–2022 (USD MILLION)
TABLE 74 CAPITAL GOODS: CNC MARKET, BY OFFERING, 2023–2028 (USD MILLION)
TABLE 75 CAPITAL GOODS: CNC MARKET, BY PRODUCT TYPE, 2019–2022 (USD MILLION)
TABLE 76 CAPITAL GOODS: CNC MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION)
TABLE 77 CAPITAL GOODS: CNC MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 78 CAPITAL GOODS: CNC MARKET, BY REGION, 2023–2028 (USD MILLION)
8.7 ENERGY & POWER
  8.7.1 INCREASED DEMAND FOR EFFICIENT AND SUSTAINABLE ENERGY SOURCES TO DRIVE MARKET
TABLE 79 ENERGY & POWER: CNC MARKET, BY OFFERING, 2019–2022 (USD MILLION)
TABLE 80 ENERGY & POWER: CNC MARKET, BY OFFERING, 2023–2028 (USD MILLION)
TABLE 81 ENERGY & POWER: CNC MARKET, BY PRODUCT TYPE, 2019–2022 (USD MILLION)
TABLE 82 ENERGY & POWER: CNC MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION)
TABLE 83 ENERGY & POWER: CNC MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 84 ENERGY & POWER: CNC MARKET, BY REGION, 2023–2028 (USD MILLION)

9 CNC MARKET, BY REGION

9.1 INTRODUCTION
FIGURE 40 INDIA TO REGISTER HIGHEST CAGR IN CNC MARKET DURING FORECAST PERIOD
FIGURE 41 ASIA PACIFIC TO HOLD LARGEST MARKET SHARE IN 2028
TABLE 85 CNC MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 86 CNC MARKET, BY REGION, 2023–2028 (USD MILLION)
9.2 NORTH AMERICA
  9.2.1 NORTH AMERICA: RECESSION IMPACT
FIGURE 42 NORTH AMERICA: CNC MARKET SNAPSHOT
TABLE 87 NORTH AMERICA: CNC MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 88 NORTH AMERICA: CNC MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 89 NORTH AMERICA: CNC MARKET, BY PRODUCT TYPE, 2019–2022 (USD MILLION)
TABLE 90 NORTH AMERICA: CNC MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION)
TABLE 91 NORTH AMERICA: CNC MARKET, BY END-USER INDUSTRY, 2019–2022 (USD MILLION)
TABLE 92 NORTH AMERICA: CNC MARKET, BY END-USER INDUSTRY, 2023–2028 (USD MILLION)
  9.2.2 US
    9.2.2.1 Rising demand for industrial automation and technological advancements in manufacturing sector to drive market
  9.2.3 CANADA
    9.2.3.1 Increasing production of highly precise components in various industries to drive market
  9.2.4 MEXICO
    9.2.4.1 Rapid growth of automotive industry to drive market
9.3 EUROPE
  9.3.1 EUROPE: RECESSION IMPACT
FIGURE 43 EUROPE: CNC MARKET SNAPSHOT
TABLE 93 EUROPE: CNC MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 94 EUROPE: CNC MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 95 EUROPE: CNC MARKET, BY PRODUCT TYPE, 2019–2022 (USD MILLION)
TABLE 96 EUROPE: CNC MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION)
TABLE 97 EUROPE: CNC MARKET, BY END-USER INDUSTRY, 2019–2022 (USD MILLION)
TABLE 98 EUROPE: CNC MARKET, BY END-USER INDUSTRY, 2023–2028 (USD MILLION)
  9.3.2 UK
    9.3.2.1 Technological advancements in automotive industry to fuel adoption
  9.3.3 GERMANY
    9.3.3.1 Rising investments in advancing manufacturing processes to maintain exceptional standards to drive market
  9.3.4 FRANCE
    9.3.4.1 Foreign investments and government-led incentives in electric & hybrid vehicles to boost market growth
  9.3.5 REST OF EUROPE
9.4 ASIA PACIFIC
  9.4.1 ASIA PACIFIC: RECESSION IMPACT
FIGURE 44 ASIA PACIFIC: CNC MARKET SNAPSHOT
TABLE 99 ASIA PACIFIC: CNC MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 100 ASIA PACIFIC: CNC MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 101 ASIA PACIFIC: CNC MARKET, BY PRODUCT TYPE, 2019–2022 (USD MILLION)
TABLE 102 ASIA PACIFIC: CNC MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION)
TABLE 103 ASIA PACIFIC: CNC MARKET, BY END-USER INDUSTRY, 2019–2022 (USD MILLION)
TABLE 104 ASIA PACIFIC: CNC MARKET, BY END-USER INDUSTRY, 2023–2028 (USD MILLION)
  9.4.2 CHINA
    9.4.2.1 Government-led initiatives to promote automation and advanced technologies to drive market
  9.4.3 JAPAN
    9.4.3.1 Increasing production of high-precision components for automotive industry to support market growth
  9.4.4 INDIA
    9.4.4.1 Rising economic growth and domestic investments to drive market
  9.4.5 REST OF ASIA PACIFIC
9.5 ROW
  9.5.1 ROW: IMPACT OF RECESSION
TABLE 105 ROW: CNC MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 106 ROW: CNC MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 107 ROW: CNC MARKET, BY PRODUCT TYPE, 2019–2022 (USD MILLION)
TABLE 108 ROW: CNC MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION)
TABLE 109 ROW: CNC MARKET, BY END-USER INDUSTRY, 2019–2022 (USD MILLION)
TABLE 110 ROW: CNC MARKET, BY END-USER INDUSTRY, 2023–2028 (USD MILLION)
  9.5.2 MIDDLE EAST & AFRICA
    9.5.2.1 Increasing foreign direct investments in technological advancements to create lucrative opportunities for market players
  9.5.3 SOUTH AMERICA
    9.5.3.1 Emergence as manufacturing hub and increasing foreign investments to support market growth

10 COMPETITIVE LANDSCAPE

10.1 OVERVIEW
10.2 STRATEGIES ADOPTED BY KEY PLAYERS
TABLE 111 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS
10.3 REVENUE ANALYSIS, 2018–2020
FIGURE 45 REVENUE ANALYSIS OF TOP FOUR PLAYERS, 2018–2020
10.4 MARKET SHARE ANALYSIS, 2022
TABLE 112 CNC MARKET: MARKET SHARE ANALYSIS, 2022
FIGURE 46 MARKET SHARE ANALYSIS, 2022
10.5 COMPANY EVALUATION MATRIX, 2022
  10.5.1 STARS
  10.5.2 PERVASIVE PLAYERS
  10.5.3 EMERGING LEADERS
  10.5.4 PARTICIPANTS
FIGURE 47 CNC MARKET: COMPANY EVALUATION MATRIX, 2022
10.6 COMPANY FOOTPRINT
TABLE 113 COMPANY FOOTPRINT
TABLE 114 PRODUCT TYPE: COMPANY FOOTPRINT
TABLE 115 REGION: COMPANY FOOTPRINT
10.7 STARTUPS/SMALL AND MEDIUM-SIZED ENTERPRISES (SMES)
EVALUATION MATRIX, 2022
  10.7.1 PROGRESSIVE COMPANIES
  10.7.2 RESPONSIVE COMPANIES
  10.7.3 DYNAMIC COMPANIES
  10.7.4 STARTING BLOCKS
FIGURE 48 CNC MARKET: STARTUPS/SMES EVALUATION MATRIX, 2022
10.8 COMPETITIVE BENCHMARKING
TABLE 116 CNC MARKET: KEY STARTUPS/SMES
TABLE 117 CNC MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
10.9 COMPETITIVE SCENARIOS AND TRENDS
  10.9.1 PRODUCT LAUNCHES
TABLE 118 CNC MARKET: PRODUCT LAUNCHES, 2021?2023
  10.9.2 DEALS
TABLE 119 CNC MARKET: DEALS, 2022?2023
  10.9.3 OTHERS
TABLE 120 CNC MARKET: OTHERS, 2022?2023

11 COMPANY PROFILES

(Business Overview, Products/Services/Solutions Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
11.1 KEY PLAYERS
  11.1.1 DMG MORI
TABLE 121 DMG MORI: COMPANY OVERVIEW
FIGURE 49 DMG MORI: COMPANY SNAPSHOT
TABLE 122 DMG MORI: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 123 DMG MORI: PRODUCT LAUNCHES
  11.1.2 OKUMA CORPORATION
TABLE 124 OKUMA CORPORATION: COMPANY OVERVIEW
FIGURE 50 OKUMA CORPORATION: COMPANY SNAPSHOT
TABLE 125 OKUMA CORPORATION: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 126 OKUMA CORPORATION: PRODUCT LAUNCHES
TABLE 127 OKUMA CORPORATION: DEALS
  11.1.3 MAKINO MILLING MACHINE CO., LTD.
TABLE 128 MAKINO MILLING MACHINE CO., LTD.: COMPANY OVERVIEW
FIGURE 51 MAKINO MILLING MACHINE CO., LTD.: COMPANY SNAPSHOT
TABLE 129 MAKINO MILLING MACHINE CO., LTD.: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 130 MAKINO MILLING MACHINE CO., LTD.: PRODUCT LAUNCHES
  11.1.4 HAAS AUTOMATION, INC
TABLE 131 HAAS AUTOMATION, INC: COMPANY OVERVIEW
TABLE 132 HAAS AUTOMATION, INC: PRODUCTS/SERVICES/SOLUTIONS OFFERED
  11.1.5 JTEKT CORPORATION
TABLE 133 JTEKT CORPORATION: COMPANY OVERVIEW
FIGURE 52 JTEKT CORPORATION: COMPANY SNAPSHOT
TABLE 134 JTEKT CORPORATION: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 135 JTEKT CORPORATION: PRODUCT LAUNCHES
  11.1.6 DN SOLUTIONS
TABLE 136 DN SOLUTIONS: COMPANY OVERVIEW
TABLE 137 DN SOLUTIONS: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 138 DN SOLUTIONS: PRODUCT LAUNCHES
  11.1.7 TRUMPF
TABLE 139 TRUMPF: COMPANY OVERVIEW
FIGURE 53 TRUMPF: COMPANY SNAPSHOT
TABLE 140 TRUMPF: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 141 TRUMPF: PRODUCT LAUNCHES
TABLE 142 TRUMPF: OTHERS
  11.1.8 AMADA CO., LTD.
TABLE 143 AMADA CO., LTD.: COMPANY OVERVIEW
FIGURE 54 AMADA CO., LTD.: COMPANY SNAPSHOT
TABLE 144 AMADA CO., LTD.: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 145 AMADA CO., LTD.: PRODUCT LAUNCHES
  11.1.9 HURCO COMPANIES, INC.
TABLE 146 HURCO COMPANIES, INC.: COMPANY OVERVIEW
FIGURE 55 HURCO COMPANIES, INC.: COMPANY SNAPSHOT
TABLE 147 HURCO COMPANIES, INC.: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 148 HURCO COMPANIES, INC.: PRODUCT LAUNCHES
  11.1.10 YAMAZAKI MAZAK CORPORATION
TABLE 149 YAMAZAKI MAZAK CORPORATION: COMPANY OVERVIEW
TABLE 150 YAMAZAKI MAZAK CORPORATION: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 151 YAMAZAKI MAZAK CORPORATION: OTHERS
  11.1.11 GF MACHINING SOLUTIONS MANAGEMENT SA
TABLE 152 GF MACHINING SOLUTIONS MANAGEMENT SA: COMPANY OVERVIEW
TABLE 153 GF MACHINING SOLUTIONS MANAGEMENT SA: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 154 GF MACHINING SOLUTIONS MANAGEMENT SA: PRODUCT LAUNCHES
TABLE 155 GF MACHINING SOLUTIONS MANAGEMENT SA: DEALS
  11.1.12 CHIRON GROUP SE
TABLE 156 CHIRON GROUP SE: COMPANY OVERVIEW
TABLE 157 CHIRON GROUP SE: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 158 CHIRON GROUP SE: DEALS
  11.1.13 MAG IAS GMBH
TABLE 159 MAG IAS GMBH: COMPANY OVERVIEW
TABLE 160 MAG IAS GMBH: PRODUCTS/SERVICES/SOLUTIONS OFFERED
  11.1.14 GROB-WERKE GMBH & CO. KG
TABLE 161 GROB-WERKE GMBH & CO. KG: COMPANY OVERVIEW
TABLE 162 GROB-WERKE GMBH & CO. KG: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 163 GROB-WERKE GMBH & CO. KG: PRODUCT LAUNCHES
  11.1.15 EMAG GMBH & CO. KG
TABLE 164 EMAG GMBH & CO. KG: COMPANY OVERVIEW
TABLE 165 EMAG GMBH & CO. KG: PRODUCTS/SERVICES/SOLUTIONS OFFERED
11.2 OTHER PLAYERS
  11.2.1 HYUNDAI WIA CORP.
TABLE 166 HYUNDAI WIA CORP.: COMPANY OVERVIEW
  11.2.2 KOMATSU
TABLE 167 KOMATSU: COMPANY OVERVIEW
  11.2.3 SODICK
TABLE 168 SODICK: COMPANY OVERVIEW
  11.2.4 HARDINGE INC.
TABLE 169 HARDINGE INC.: COMPANY OVERVIEW
  11.2.5 DATRON AG
TABLE 170 DATRON AG: COMPANY OVERVIEW
  11.2.6 KITAMURA MACHINERY
TABLE 171 KITAMURA MACHINERY: COMPANY OVERVIEW
  11.2.7 HWACHEON
TABLE 172 HWACHEON: COMPANY OVERVIEW
  11.2.8 BRETON S.P.A.
TABLE 173 BRETON S.P.A.: COMPANY OVERVIEW
  11.2.9 INDEX-WERKE GMBH & CO. KG HAHN & TESSKY
TABLE 174 INDEX-WERKE GMBH & CO. KG HAHN & TESSKY: COMPANY OVERVIEW
  11.2.10 HERMLE AG
TABLE 175 HERMLE AG: COMPANY OVERVIEW
*Details on Business Overview, Products/Services/Solutions Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.

12 ADJACENT AND RELATED MARKETS

12.1 INTRODUCTION
12.2 SMART MANUFACTURING MARKET, BY INFORMATION TECHNOLOGY
  12.2.1 INTRODUCTION
FIGURE 56 SMART MANUFACTURING MARKET, BY INFORMATION TECHNOLOGY
TABLE 176 SMART MANUFACTURING MARKET, BY INFORMATION TECHNOLOGY, 2019–2022 (USD MILLION)
TABLE 177 SMART MANUFACTURING MARKET, BY INFORMATION TECHNOLOGY, 2023–2028 (USD MILLION)
TABLE 178 INFORMATION TECHNOLOGY: SMART MANUFACTURING MARKET, BY PROCESS INDUSTRY, 2019–2022 (USD MILLION)
TABLE 179 INFORMATION TECHNOLOGY: SMART MANUFACTURING MARKET, BY PROCESS INDUSTRY, 2023–2028 (USD MILLION)
TABLE 180 INFORMATION TECHNOLOGY: SMART MANUFACTURING MARKET, BY DISCRETE INDUSTRY, 2019–2022(USD MILLION)
TABLE 181 INFORMATION TECHNOLOGY: SMART MANUFACTURING MARKET, BY DISCRETE INDUSTRY, 2023–2028(USD MILLION)
TABLE 182 INFORMATION TECHNOLOGY: SMART MANUFACTURING MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 183 INFORMATION TECHNOLOGY: SMART MANUFACTURING MARKET, BY REGION, 2023–2028 (USD MILLION)
12.3 HUMAN–MACHINE INTERFACE (HMI)
  12.3.1 RELIANCE ON HMI TECHNOLOGY TO CONDUCT MANUFACTURING OPERATIONS EFFORTLESSLY TO FUEL SEGMENTAL GROWTH
  12.3.2 INCREASING DEMAND FOR WORKPLACE SAFETY AND PRECISION AT LOW COST TO ENHANCE RISC-V LINEUP WITH VOICE-ACTIVATED INTERFACE TO DRIVE MARKET
  12.3.3 HUMAN–MACHINE INTERFACE (HMI), BY OFFERING
    12.3.3.1 Software
      12.3.3.1.1 Rising adoption of HMI software in manufacturing processes to boost segmental growth
    12.3.3.2 Hardware
      12.3.3.2.1 Growing use of HMI hardware components to boost manufacturing automation to drive market
  12.3.4 HUMAN–MACHINE INTERFACE, BY CONFIGURATION TYPE
    12.3.4.1 Increasing need for technological advancements and integrated systems in various industries to drive adoption of HMI-based smart manufacturing solutions
      12.3.4.1.1 Standalone HMI
      12.3.4.1.2 Embedded HMI
TABLE 184 HUMAN–MACHINE INTERFACE (HMI): SMART MANUFACTURING MARKET FOR INFORMATION TECHNOLOGY, BY PROCESS INDUSTRY, 2019–2022 (USD MILLION)
TABLE 185 HUMAN–MACHINE INTERFACE (HMI): SMART MANUFACTURING MARKET FOR INFORMATION TECHNOLOGY, BY PROCESS INDUSTRY, 2023–2028 (USD MILLION)
TABLE 186 HUMAN–MACHINE INTERFACE (HMI): SMART MANUFACTURING MARKET FOR INFORMATION TECHNOLOGY, BY DISCRETE INDUSTRY, 2019–2022 (USD MILLION)
TABLE 187 HUMAN–MACHINE INTERFACE (HMI): SMART MANUFACTURING MARKET FOR INFORMATION TECHNOLOGY, BY DISCRETE INDUSTRY, 2023–2028 (USD MILLION)
TABLE 188 HUMAN–MACHINE INTERFACE (HMI): SMART MANUFACTURING MARKET FOR INFORMATION TECHNOLOGY, BY REGION, 2019–2022 (USD MILLION)
TABLE 189 HUMAN–MACHINE INTERFACE (HMI): SMART MANUFACTURING MARKET FOR INFORMATION TECHNOLOGY, BY REGION, 2023–2028 (USD BILLION)
12.4 PLANT ASSET MANAGEMENT (PAM)
  12.4.1 RISING ADOPTION OF PAM SYSTEMS TO BUILD COMPREHENSIVE DATA RECORDS TO FUEL MARKET GROWTH
  12.4.2 RISING DEVELOPMENT OF INDUSTRIAL ASSET MANAGEMENT SOLUTIONS TO SUPPORT SEGMENTAL GROWTH
TABLE 190 PLANT ASSET MANAGEMENT (PAM): SMART MANUFACTURING MARKET FOR INFORMATION TECHNOLOGY, BY PROCESS INDUSTRY, 2019–2022 (USD MILLION)
TABLE 191 PLANT ASSET MANAGEMENT (PAM): SMART MANUFACTURING MARKET FOR INFORMATION TECHNOLOGY, BY PROCESS INDUSTRY, 2023–2028 (USD MILLION)
TABLE 192 PLANT ASSET MANAGEMENT (PAM): SMART MANUFACTURING MARKET FOR INFORMATION TECHNOLOGY, BY DISCRETE INDUSTRY, 2019–2022 (USD MILLION)
TABLE 193 PLANT ASSET MANAGEMENT (PAM): SMART MANUFACTURING MARKET FOR INFORMATION TECHNOLOGY, BY DISCRETE INDUSTRY, 2023–2028 (USD MILLION)
TABLE 194 PLANT ASSET MANAGEMENT (PAM): SMART MANUFACTURING MARKET FOR INFORMATION TECHNOLOGY, BY REGION, 2019–2022 (USD MILLION)
TABLE 195 PLANT ASSET MANAGEMENT (PAM): SMART MANUFACTURING MARKET FOR INFORMATION TECHNOLOGY, BY REGION, 2023–2028 (USD MILLION)
  12.4.3 PLANT ASSET MANAGEMENT (PAM), BY OFFERING
    12.4.3.1 Integrating PAM solutions in manufacturing and production plants to fuel segmental growth
      12.4.3.1.1 Software
      12.4.3.1.2 Services
  12.4.4 PLANT ASSET MANAGEMENT (PAM), BY DEPLOYMENT TYPE
    12.4.4.1 Growing adoption of PAM systems to optimize plant asset management to drive market
      12.4.4.1.1 Offline
      12.4.4.1.2 Online
  12.4.5 PLANT ASSET MANAGEMENT (PAM), BY ASSET TYPE
    12.4.5.1 Deployment of PAM solutions to assess health of plant assets to enhance business performance to drive market
      12.4.5.1.1 Production asset
      12.4.5.1.2 Automation asset
12.5 MANUFACTURING EXECUTION SYSTEM (MES)
  12.5.1 GROWING FUNCTIONALITY OF MANUFACTURING PLANTS BY INTEGRATING PQIM PILLARS TO FUEL MES 4.0 TECHNOLOGY
  12.5.2 ROCKWELL AUTOMATION ACQUIRES PLEX SYSTEMS TO EXPAND INDUSTRIAL CLOUD SOLUTION PORTFOLIO
  12.5.3 MANUFACTURING EXECUTION SYSTEM (MES), BY DEPLOYMENT TYPE
    12.5.3.1 Deployment of hybrid MES model to increase manufacturing plant efficiency to drive market
      12.5.3.1.1 On-premise
      12.5.3.1.2 On-demand
      12.5.3.1.3 Hybrid
  12.5.4 MANUFACTURING EXECUTION SYSTEM (MES), BY OFFERING
    12.5.4.1 Use of MES technology in organizations to increase productivity to drive market
      12.5.4.1.1 Software
      12.5.4.1.2 Solutions
TABLE 196 MANUFACTURING EXECUTION SYSTEM (MES): SMART MANUFACTURING MARKET FOR INFORMATION TECHNOLOGY, BY PROCESS INDUSTRY, 2019–2022 (USD MILLION)
TABLE 197 MANUFACTURING EXECUTION SYSTEM (MES): SMART MANUFACTURING MARKET FOR INFORMATION TECHNOLOGY, BY PROCESS INDUSTRY, 2023–2028 (USD MILLION)
TABLE 198 MANUFACTURING EXECUTION SYSTEM (MES): SMART MANUFACTURING MARKET FOR INFORMATION TECHNOLOGY, BY DISCRETE INDUSTRY, 2019–2022 (USD MILLION)
TABLE 199 MANUFACTURING EXECUTION SYSTEM (MES): SMART MANUFACTURING MARKET FOR INFORMATION TECHNOLOGY, BY DISCRETE INDUSTRY, 2023–2028 (USD MILLION)
TABLE 200 MANUFACTURING EXECUTION SYSTEM (MES): SMART MANUFACTURING MARKET FOR INFORMATION TECHNOLOGY, BY REGION, 2019–2022 (USD MILLION)
TABLE 201 MANUFACTURING EXECUTION SYSTEM (MES): SMART MANUFACTURING MARKET FOR INFORMATION TECHNOLOGY, BY REGION, 2023–2028 (USD MILLION)
12.6 WAREHOUSE MANAGEMENT SYSTEM (WMS)
  12.6.1 INTRODUCTION
  12.6.2 GROWING ADOPTION OF WMS SOLUTIONS TO SUPPORT INVENTORY CONTROL AND LABOR MANAGEMENT TO PROPEL MARKET GROWTH
  12.6.3 INTEGRATION ARTIFICIAL INTELLIGENCE AND MACHINE LEARNING INTO WAREHOUSE MANAGEMENT SOLUTIONS TO DRIVE MARKET
  12.6.4 RISING POPULARITY OF SMART WAREHOUSE MANAGEMENT SYSTEMS TO DRIVE MARKET
  12.6.5 WAREHOUSE MANAGEMENT SYSTEM (WMS), BY OFFERING
    12.6.5.1 Rising digitization in supply chain management to fuel demand
    12.6.5.2 Inventory management
    12.6.5.3 Order management
  12.6.6 WAREHOUSE MANAGEMENT SYSTEM (WMS), BY IMPLEMENTATION TYPE
    12.6.6.1 Increasing adoption of on-cloud WMS solutions to efficiently process transactions to fuel market growth
    12.6.6.2 On-premise
    12.6.6.3 On-cloud
  12.6.7 WAREHOUSE MANAGEMENT SYSTEM (WMS), BY TIER TYPE
    12.6.7.1 Rising demand for advanced WMS to perform complex manufacturing operations to boost market growth
    12.6.7.2 Tier 1
    12.6.7.3 Tier 2
    12.6.7.4 Tier 3
TABLE 202 WAREHOUSE MANAGEMENT SYSTEM (WMS): SMART MANUFACTURING MARKET FOR INFORMATION TECHNOLOGY, BY PROCESS INDUSTRY, 2019–2022 (USD MILLION)
TABLE 203 WAREHOUSE MANAGEMENT SYSTEM (WMS): SMART MANUFACTURING MARKET FOR INFORMATION TECHNOLOGY, BY PROCESS INDUSTRY, 2023–2028 (USD MILLION)
TABLE 204 WAREHOUSE MANAGEMENT SYSTEM (WMS): SMART MANUFACTURING MARKET FOR INFORMATION TECHNOLOGY, BY DISCRETE INDUSTRY, 2019–2022 (USD MILLION)
TABLE 205 WAREHOUSE MANAGEMENT SYSTEM (WMS): SMART MANUFACTURING MARKET FOR INFORMATION TECHNOLOGY, BY DISCRETE INDUSTRY, 2023–2028 (USD MILLION)
TABLE 206 WAREHOUSE MANAGEMENT SYSTEM (WMS): SMART MANUFACTURING MARKET FOR INFORMATION TECHNOLOGY, BY REGION, 2019–2022 (USD MILLION)
TABLE 207 WAREHOUSE MANAGEMENT SYSTEM (WMS): SMART MANUFACTURING MARKET FOR INFORMATION TECHNOLOGY, BY REGION, 2023–2028 (USD MILLION)

13 APPENDIX

13.1 INSIGHTS FROM INDUSTRY EXPERTS
13.2 DISCUSSION GUIDE
13.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
13.4 CUSTOMIZATION OPTIONS
13.5 RELATED REPORTS
13.6 AUTHOR DETAILS


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