Computer Numerical Control Machines Market Is Expected To Reach USD 126.27 Billion By 2028
San Francisco, 23 June 2021: The Report Computer Numerical Control Machines Market Size, Share & Trends Analysis Report By Type (Milling, Welding, Lathe), By End Use (Automotive, Industrial), By Region (APAC, North America), And Segment Forecasts, 2021 - 2028 The global computer numerical control machines market size is expected to reach USD 126.27 billion by 2028, registering a CAGR of 7.5% from 2021 to 2028, according to a new study by Grand View Research, Inc. The rising need for minimizing operating costs and errors in machine components and increasing efficiency in manpower deployment has led to the increased demand for automation and CNC machines. Governments across the globe have imposed restrictions on transportation owing to the COVID-19 pandemic, which has resulted in port closures. Factors, such as reduced availability of air transportation facilities and stringent border controls, are delaying the procurement of raw materials and components. The resulting delay in