Market segmentation analysis for a CNC manufacturer — Case Study

 



With the advent of modern manufacturing techniques such as CNC milling, etc., industrial applications have been pushed to the forefront of modern innovation.

CNC milling machines are often used in various manufacturing industries such as — the aerospace sector, shipping, automotive, oil drilling/pumping & refining, healthcare, FMCG, as well as among various precision engineering sectors.

Key highlights of the Global CNC milling machine market are:

1. The automotive and electrical & electronics industries were major end-users of CNC milling machines, accounting for over 60% of its total market share in 2020.

2. Due to imposed lockdowns, several automotive manufacturers were forced to halt operations at their respective production facilities, which in turn resulted in the decline of CNC machine utilization.

3. The markets in the APAC and North American regions are expected to register a greater level of traction with respect to the demand for machine tools.

4. The 3-axis-type CNC milling machine is the most popular machine that is generally used for specific applications, and this sub-segment accounted for a majority revenue share of the global CNC milling machine industry.

5. However, 5-axis and 6-axis CNC milling machines are expected to register the highest CAGR over the next decade.

These, among many actionable insights generated by Data Feature enabled our CNC manufacturing client to revamp existing business strategies in order to achieve a comprehensive marketing plan that ensured optimal economic success.

Learn more here👇

https://datafeature.com/case-studies/detailed-market-segmentation-for-leading-cnc-manufacturer

Watch out our video

https://vimeo.com/630677711



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