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Global CNC Machines Market Surges to $55.1 Billion in 2022, Projected to Reach $85.2 Billion by 2030

2023-10-23 11:31:30.658000

A new report by ResearchAndMarkets.com reveals that the global Computer Numerical Control (CNC) Machines market experienced substantial growth, reaching a valuation of $55.1 billion in 2022 [7713d205]. The market is projected to expand further and reach a size of $85.2 billion by 2030, reflecting an impressive Compound Annual Growth Rate (CAGR) of 5.6% over the analysis period from 2022 to 2030. The United States market for CNC Machines was estimated at $10.4 billion in 2022, while China is expected to reach a market size of $20 billion by 2030. Noteworthy growth is also anticipated in Japan, Canada, and Germany. The Asia-Pacific region, led by countries such as Australia, India, and South Korea, is expected to experience substantial growth. The report highlights the significant role of technology advancements and Industry 4.0 integration in driving the growth of the CNC Machines market.

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