Market Overview
Market Research Future (MRFR), conducted an in-depth research on the impact of COVID-19 on the world CNC polishing machine market 2020. As per MRFR study, the CNC polishing machine industry can rise at 5.8% CAGR by 2023.
The expansion of the CNC polishing machines market can be attributed to factors, such as high demand by reputed end-use industries and the growing awareness about the effectiveness, better precision, and improved quality delivered by these polishing machines. The wide range of utility offered by CNC machines to polished and give add aesthetics to special-shaped pieces, arced products, oval products, and spherical products can prompt the expansion of the worldwide CNC polishing machine. On the contrary, high expense of these machines can hinder the rise of the market.
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Market Segmentation
The CNC polishing machines global market is based on two parameters. They are; type and application. The type based CNC polishing machine market segments are electric polishing machine and pneumatic polishing machine.
· The application segment based CNC machine market segments are metal, wood, glass, and plastic.
· The pneumatic polishing machine type segment of the CNC polishing market is expected to gain high traction for the world market. The cost-effectiveness of these devices and low expense on maintenance can cause the segment of the CNC polishing machines market to rise at a high pace.
· The metal application segment of CNC polishing machines accounted for the highest share of the world market through 2023. This rapid developments in automotive and electronics sectors can rise at a high pace due to the high adoption of metal CNC polishing machines in strong economies, such as China and India.
Key Players
Key players operating in the global CNC polishing machines market include
· GARBOLI
· NS Maquinas Industiais
· Lapmaster Wolters GmbH
· Langzauner
· EchoLAB
· AUTOPULIT
· OptoTech
· Scantool Group
· Surface Engineering
· Tamis Machinery
Regional Analysis
According to regional analysis of CNC polishing machine by MRFR, the market in the Asia Pacific region is likely to hold the highest share of the world CNC polishing market. The CNC polishing market in Europe and North America can rise at a substantial pace in the review period.
Recent Developments:
April 2019:
Fanuc Corporation, in collaboration with Preferred Networks, Inc., worked on an AI project called AI servo Monitor. This project involved gathering control information from the axle pivot using fast inspection techniques. The specific details and applications of this AI servo Monitor were not mentioned in the provided information.
June 2019:
INGENERIC, which is a subsidiary of TRUMPF, acquired GmbH to enhance its miniature optics production in the precision trimming process for laser innovation. This acquisition aimed to improve the accuracy and quality of shaping processes related to laser technology.
It's important to note that these developments occurred in 2019, and there may have been further advancements or updates in these areas beyond my knowledge cutoff date in September 2021. For the latest developments, I recommend checking recent news articles or the respective company's official announcements.
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