Asia Pacific Blood Glucose Test Strip Packaging Market Research Repor Desktop CNC Machines Market Research Report – Glob | Page 2

The global desktop CNC machines market has been segmented based on product type,
application, and region. The product type segment is classified into– CNC Lathe, CNC Milling
Machine, and electric polishing machine. The application segment is classified into– machinery
manufacturing, automotive, aerospace & defense, and others.
On the basis of product type, the CNC lathe segment emerged as the largest segment, which is
anticipated to retain its position by 2023, as these machines can handle materials up to six
inches diameter, which are useful in mold making and jewelry making. However, they are
limited to domestic applications and are not appropriate for industrial applications. Hence,
these machines, expected to have a steady growth rate in the global desktop CNC machines
market during the forecast period.
On the basis of application, the market is segmented into machinery manufacturing,
automotive, aerospace & defense, and others. The automotive segment is expected to witness
maximum growth rate in the global desktop CNC machines market. This is due to the rapid
automation of the automotive industry, which requires desktop CNC machines for
manufacturing complicated automotive parts. Hence, these machines have changed the face of
the automotive industry by permitting the bulk production of identical parts and components
with the highest degree of accuracy.
Key Players:
Some of the key players operating in the global desktop CNC machines market are Carbide3D
(US), Stoney CNC (Ireland), VELOX CNC (US), PHILICAM (China), Marchant Dice (England),
Stepcraft (Germany), Printrbot (US), Roland (Japan), 3D Tek (Australia), CAMaster (Georgia),
Rockler (Medina), MakerDreams (Venice), RedSail (US), and Boxzy (US).
The global desktop CNC machines market is highly competitive with many players, across the
globe. These major players have adopted various strategies to expand their global presence and
increase their foothold in the global desktop CNC machines market. Some of their key
strategies include expansions, investments, acquisitions, and securing contracts.
Intended Audience:
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Raw Material Suppliers
End Users
Traders and Distributors
Regulatory Bodies
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