Dublin, June 10, 2021 (GLOBE NEWSWIRE) — The “CNC Controller Market with COVID-19 Impact by Offering (Hardware and Software & Services), Machine Type, Axis Type (2-Axis, 3-Axis, 4-Axis, 5-Axis, and Multi-axis), Sales Channel, Industry, and Region – Global Forecast to 2026” report has been added to ResearchAndMarkets.com’s offering.
The global CNC controller market size was valued at USD 2.8 billion in 2021 and is projected to reach USD 3.4 billion by 2026; it is expected to grow at a CAGR of 3.6% from 2021 to 2026.
The growth of the CNC controller market is majorly driven by the rising adoption of industrial automation in manufacturing industries and the increasing demand for mass production across the automotive industry, COVID-19 has emerged as a global pandemic that has spread in several countries worldwide and disrupted various industries around the world.
The prominent players across industries have been affected by this pandemic. The foreseeable decline in the growth of end-user applications may have a considerable direct impact on the CNC controller market.