Europe Computer Numerical Control Machine Market Focus: Enhancing Efficiency Through Automation
The Europe computer numerical control machine market size is expected to reach USD 44.16 billion by 2030, expanding at a CAGR of 8.0% from 2023 to 2030, according to a new study conducted by Grand View Research, Inc. The rising demand for multi-axis computer numerical control (CNC) machines equipped with automatic tool changers is expected to drive the growth of the market over the forecast period. CNC machines facilitate the production of components in lesser time and with greater accuracy. Advances in automation technology over the past few years have allowed manufacturers to introduce solutions that can potentially reduce a significant amount of repetitive work, and subsequently, the machining time. Suppliers and buyers are struggling to maintain a seamless flow of goods and services as a result of the outbreak of the COVID-19 pandemic and the subsequent restrictions being imposed as part of the efforts to arrest the spread of coronavirus. Developing countries are particularly facin...