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This market research study delivers current market analysis plus a five year market and technology forecast. The study is available in multiple editions including worldwide and all regions.
Overview
Competition for CNC and how suppliers should prepare
There are good opportunities for CNC systems suppliers that are well prepared for global economic growth. However, the market dynamics for these suppliers will remain very competitive. The challenge in the market landscape is how CNC systems suppliers offer increasing value propositions to end users and OEMs. Well-planned strategies are invaluable for CNC systems suppliers to strengthen and expand their market foothold.
The low-end markets in emerging Asia are still areas of significant interest to CNC control manufacturers. However, the more sophisticated needs of mature markets have continued to be of greater interest in this region. For example, end users in emerging Asia are showing a huge interest in energy efficiency and high-precision tooling features such as adaptive machining and intelligent fixturing. As the machine tool market represents the largest purchaser of CNC controls, it remains extremely important for CNC systems suppliers to stay attuned to the changing demands of that market.
Strategic Issues
So how can suppliers increase their value proposition?
- Are different strategies required for new installations vs. retrofit?
- How do large vendors remain innovators?
- How should price competition be handled?
- How can vendors help customers overcome budget constraints?