CNC Spinning Machines Market Size, Share, Growth, and Industry Analysis by Type (Single Roller, Double Roller, and Others) By Application (Automotive, Aerospace, Industrial, and Others), Regional Forecast To 2031

Updated On: 01 April 2024

CNC Spinning Machines Market REPORT OVERVIEW

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The global CNC spinning machines market size is expanded rapidly in 2022 and market is expected to generate substantial revenue by 2031, exhibiting a high compound annual growth rate (CAGR) from 2022 to 2031.

The term "computer numerical control" (CNC) refers to a numerical control system in which a dedicated computer is used to conduct both basic and complex NC duties. Computer or process control using symbolic codes made up of characters and numbers is referred to as numerical control (NC). CNC machines can be operated continuously and just need to be turned off for routine maintenance.

Metal forming equipment includes CNC spinning machines. The CNC spinning machine is a plastic processing device used to produce thin-walled hollow rotational parts and carry out the metal spinning process. The increase of CNC automation along with ongoing technological advancements is anticipated to drive the expansion of the worldwide CNC spinning machines market growth in the years to come.

COVID-19 Impact: Halt on Manufacturing Operations to Slower Market Growth

The COVID-19 epidemic has had a significant negative impact on global manufacturing. The machine tool sector is also struggling with several issues as a result of the pandemic. These difficulties were brought on by unexpected factory closures, problems with the supply chain, a labor shortage, and other factors. Nonetheless, as the CNC spinning machines market's period of recovery is crucial, producers are working hard to restore normalcy following. In addition, the producers are completing current orders for their customers. Furthermore, the adoption of CNC technology is anticipated to increase significantly after the recovery period due to the growing demand for industrial automation and digitalization.

LATEST TRENDS

"The Surge in the Commercial Need to Boost Market Growth"

Solid carbide and PCD tools have grown in popularity during the past few years. This changeover necessitates greater durability, temperature tolerance, and less vibration and clatter. Smaller devices with greater capabilities are becoming increasingly prevalent. Because of the rise of factories and retail spaces with a range of needs, less floor space must be used. Through the use of automated tool changers and multi-axis technology, there is a surge in the commercial need for small CNC spinning machines. This is due to the growing usage of CNC spinning machines by numerous large producers for cutting, drilling, deformation, turning, knurling, and facing operations. Also, several new systems with fresh features and products will soon be available.

CNC Spinning Machines Market Segmentation

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• By Type Analysis

As per the type, the market is classified as follows: Single Roller, Double Roller, and Others. The single roller segment leads the CNC spinning machines market share.

• By Application Analysis

Based on application, the market is segmented as follows: Automotive, Aerospace, Industrial, and Others. The automotive segment dominates the CNC spinning machines market share.

DRIVING FACTORS

"Automation of CNC Spinning Machines to Facilitate Market Development"

The machine tool industry has been significantly impacted by process automation. Process automation is becoming more popular in the manufacturing sector as a result of the demand for higher service quality, efficiency, and simplicity. During the course of the projection period, CNC spinning machines market is anticipated to rise favorably due to automated CNC systems linked with industrial robots featuring simulation software to boost output. Automation of CNC spinning machines is being used primarily to alleviate the present shortage of trained personnel that most sectors are now experiencing. This makes it possible for manufacturing sectors to boost productivity and efficiency.

"Increased Demand for Complex Machining Goods to Promote Industry Progress"

Market expansion is anticipated to be positively impacted by the increased demand from industries for complex machining goods to be more efficient. The popularity of CNC technology is also influenced by an increase in the demand for high precision, decreased operational costs, and technological breakthroughs in production methods. Moreover, the growth of the CNC (Computer Numerical Control) machine market is explained by the explosion in mass manufacturing of goods across industry verticals, including automotive and electronics. The use of these tools is also being boosted by an increase in the desire for mass customization.

RESTRAINING FACTORS

"High Cost of CNC Spinning Machines to Hinder Market Growth"

The high cost of CNC spinning machines, on the other hand, can negatively affect the expansion of the worldwide CNC spinning machine market over the study period. Market difficulties are anticipated as a result of rising raw material costs and a potential shortage of semiconductors used in CNC spinning machines. Given these market circumstances, it is anticipated that used CNC spinning machine demand will rise, limiting the market expansion of new CNC spinning machines. Over the course of the forecast, the tendency is anticipated to persist. Long-term changes in the price of raw materials are anticipated to drive up the average unit cost of CNC spinning machines.

CNC Spinning Machines Market REGIONAL INSIGHTS

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"Increase in Demand to Propel Market Progress in Asia"

The global CNC spinning machines market is anticipated to expand in the next years as a result of steadily expanding productivity, time efficiency, and the need for precision & accuracy across metal-related industrial industries, including manufacturing and the automobile. The advantages that CNC spinning machines provide, such as the speedy and effective manufacture of several items in a batch, are increasing in favor. The expansion of the CNC spinning machines market size is also being influenced by government programs like "Made in China 2025" and "Made in India" in the Asia region.

KEY MARKET PLAYERS

"Market Players Focus on New Product Launches to Strengthen Market Position"

Leading players in the market are adopting various strategies to expand their presence in the market. These include R&D investments and the launch of new, technologically-advanced products in the market. Some companies are also adopting strategies such as partnerships, mergers, and acquisitions to strengthen their market position.   

List of Market Players Profiled

• Leifeld Metal Spinning GmbH (Germany)
• Fujikikai (Japan)
• DENN USA Metal Forming (U.S.)
• Prism Machinery Ltd (Canada)
• MJC Engineering & Technology, Inc. (U.S.)
• Jiangsu Tiptop Machine Tools (China)
• Jiangsu Leichman Automation Technology (China)
• Wenzel Metal Spinning (U.S.)
• Tommy Industrial (U.S.)
• Kılıçoğlu Machinery Inc (Turkey)
• Hoston (U.S.)
• Daitoh Spinning (Taiwan)
• Prosper CNC Machine Co (China)
• Shanghai Shangxi CNC Technology Co (China)
• Zhongshan BORUI CNC Equipment (China)
• OMS Machinery Co (China)
• Shanghai Huiru Spinning Technology (China)

REPORT COVERAGE

The report covers overall market aspects, including market segmentation based on its type and application. The report depicts a diverse group of participants, including the market and potential market leaders. Major factors that are expected to drive major growth in the market. The factors anticipated to expand the market share are also included in the report to offer market insights. The estimated growth of the market in the forecast period is also included in the report. The regional analysis is completed to explain the region's dominance in the global market. The factors hindering the growth of the market are discussed in detail. The SWOT analysis of the market is depicted in the report. It contains all-inclusive market details.