China accounts for 40% of the global CNC machine tool market

The latest report from research firm Straits Research shows that milling machines will account for 27.8% of the global CNC machine tool market share by 2025, and the five axis segment is expected to lead with a compound annual growth rate of 7.5% from 2026 to 2034; By region, the Asia Pacific region will account for 41.2% of the global market share and have the fastest growth rate (6.7% per year) by 2025. China's "Made in China 2025" strategy is the core driver for promoting automated CNC equipment and digital production lines. The report also points out that the automotive industry will account for 32.6% of CNC applications by 2025, with precision engineering segment leading the growth rate. Multi axis and flexible systems are becoming the mainstream solutions for complex small batch part processing.