Fanuc Corp. expects a recovery in computer numerical control (CNC) demand to offset trends in robot sales for fiscal year 2024 [1].
This shift is critical because Fanuc maintains the top global position in both industrial robotics and CNC manufacturing. As industries automate, the demand for precise control systems acts as a primary driver for the company's broader robotics ecosystem.
The global CNC machine market was estimated at USD 96.4 billion in 2022 [2]. Projections indicate the market will reach approximately USD 153.8 billion by 2030 [2]. This growth represents a compound annual growth rate (CAGR) of 5.33% during the forecast period [2].
Fanuc's Factory Automation division currently accounts for approximately one-third of the company's total sales [1]. The company operates worldwide from its headquarters in Japan, positioning itself to capture a significant portion of the projected market expansion.
"Fanuc is well positioned for long-term, secular growth in the industrial robotics industry, as the world's largest computer numerical control and industrial robotics manufacturer," a Morningstar analyst said [1].
Previous research from Technavio indicated the global CNC solutions market was expected to grow by USD 4.99 billion [3]. Other Technavio forecasts for the 2019-2023 period estimated a growth amount of USD 5.42 billion [4]. These figures highlight a consistent upward trend in the adoption of numerical control technologies across global manufacturing sectors.
The recovery in CNC equipment demand is expected to provide a secular tailwind for Fanuc's business operations [1, 3]. This trend suggests a broader industrial move toward higher precision and automated machining, reducing reliance on manual labor in high-output environments.
“The global CNC machine market was estimated at USD 96.4 billion in 2022.”
The projected growth of the CNC market to USD 153.8 billion by 2030 suggests that industrial automation is moving beyond simple robotics into integrated, high-precision control systems. For Fanuc, the ability to balance fluctuating robot sales with steady CNC demand creates a diversified revenue stream that mitigates the risks associated with specific sector downturns.
