DUBLIN , Sept. 1, 2022 /PRNewswire/ -- The 'Computer-Aided Manufacturing - Global Market Trajectory & Analytics' report has been added to ResearchAndMarkets.com's offering.
The global market for Computer-Aided Manufacturing estimated at US$3.2 Billion in the year 2022, is projected to reach a revised size of US$4.6 Billion by 2026, growing at a CAGR of 8.4% over the analysis period.
Solutions, one of the segments analyzed in the report, is projected to grow at a 8.2% CAGR to reach US$4 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Services segment is readjusted to a revised 9.1% CAGR for the next 7-year period.
This segment currently accounts for a 20.7% share of the global Computer-Aided Manufacturing market. CAM solutions dominate market share as the easy integration of CAM solutions with designing tools helps engineers in implementing changes and increasing manufacturing efficiency. Cloud-based services are garnering considerable attention owing to their ability to reduce costs and provide scalable, flexible access to desired solutions. The U.S. Market is Estimated at $1.1 Billion in 2022, While China is Forecast to Reach $492.5 Million by 2026
The Computer-Aided Manufacturing market in the U.S. is estimated at US$1.1 Billion in the year 2022. The country currently accounts for a 34.63% share in the global market. China , the world's second largest economy, is forecast to reach an estimated market size of US$492.5 Million in the year 2026 trailing a CAGR of 10.5% through the analysis period.
Among the other noteworthy geographic markets are Japan and Canada , each forecast to grow at 6.9% and 8% respectively over the analysis period. Within Europe , Germany is forecast to grow at approximately 7.6% CAGR while Rest of European market (as defined in the study) will reach US$549.4 Million by the end of the analysis period. North America enjoys the leading position in the global market, owing to increasing uptake of cloud-based CAM platforms to aid manufacturing and automate production, and increasing shift towards smart factory and Industry 4.0. Select Competitors (Total 51 Featured):
Key Topics Covered: I. METHODOLOGY II. EXECUTIVE SUMMARY 1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS 3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE III. MARKET ANALYSIS
For more information about this report visit https://www.researchandmarkets.com/r/fmx55b
Research and Markets Laura Wood , Senior Manager press@researchandmarkets.com
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