desktop cnc machine market share

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Desktop CNC Machines Market Forecast To 2023
Global Desktop CNC Machines Market Segmented on the basis of
MRFR’s report includes a detailed segmental analysis of the market based on application, product type
and region.
By application, key segments include aerospace & defense, automotive, machinery manufacturing and
others. The automotive segment is anticipated retain its leading position throughout the assessment
period. A fast uptake of automation in the automotive industry is the primary growth driver for the
segment. CNC machines are increasingly used for manufacturing highly complex automotive parts.
Moreover, use of CNC machines ensure a faster manufacturing with lower errors or design faulters. The
machines are allowing mass production of certain automotive components which is otherwise difficult.
Based on product type, key segmented include electric polishing machine, CNC Milling Machine and CNC
Lathe. The CNC lathe segment command a significant share of the market and its projected to post an
impressive growth over the forecast period. CNC lathe is a precision cutting machine that is used for
cutting materials having diameter of up to six inches. Nevertheless, domestic application scope is unlikely
to grow for CNC lathe in the c near future while growing opportunities remains limited in industries.