Technology
CNC Machine Tools Market to Grow by USD 21.9 Billion (2025-2029), Boosted by Rising Demand for High-Precision, Multi-Axis Machining Centers, with AI Driving Evolution – Technavio
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1 year agoon
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NEW YORK, Feb. 10, 2025 /PRNewswire/ — Report on how AI is driving market transformation – The global cnc machine tools market size is estimated to grow by USD 21.9 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of 5.4% during the forecast period. Rising demand for high-precision and multi-axis machining centers in various industries is driving market growth, with a trend towards technological advancements cnc machine tool technology. However, high initial investments in cnc machine tools poses a challenge. Key market players include Amada Co. Ltd., ANCA Pty Ltd., Andritz AG, Bendable Technology Solutions Pvt. Ltd., Chiron Group SE, DMG MORI Co. Ltd., EMAG GmbH and Co. KG, FANUC Corp., Gebr. Heller Maschinenfabrik GmbH, General Technology Group Dalian Machine Tool Co. Ltd., GF Machining Solutions AG, Haas Automation Inc., Hurco Companies Inc., Hwacheon Machine Tool Co Ltd, INDEX Werke GmbH and Co. KG Hahn and Tessky, JTEKT Machinery Americas Corp., Kitamura Machinery Co. Ltd., Makino Inc., Mills CNC Ltd., Mitsui Seiki Kogyo Co. Ltd., Okuma Corp, Phillips Machine Tools India Pvt. Ltd., and Yamazaki Mazak Corp..
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CNC Machine Tools Market Scope
Report Coverage
Details
Base year
2024
Historic period
2019 – 2023
Forecast period
2025-2029
Growth momentum & CAGR
Accelerate at a CAGR of 5.4%
Market growth 2025-2029
USD 21.9 billion
Market structure
Fragmented
YoY growth 2022-2023 (%)
5.1
Regional analysis
APAC, Europe, North America, South America, and Middle East and Africa
Performing market contribution
APAC at 39%
Key countries
China, US, Germany, Japan, India, Italy, South Korea, UK, France, and Brazil
Key companies profiled
Amada Co. Ltd., ANCA Pty Ltd., Andritz AG, Bendable Technology Solutions Pvt. Ltd., Chiron Group SE, DMG MORI Co. Ltd., EMAG GmbH and Co. KG, FANUC Corp., Gebr. Heller Maschinenfabrik GmbH, General Technology Group Dalian Machine Tool Co. Ltd., GF Machining Solutions AG, Haas Automation Inc., Hurco Companies Inc., Hwacheon Machine Tool Co Ltd, INDEX Werke GmbH and Co. KG Hahn and Tessky, JTEKT Machinery Americas Corp., Kitamura Machinery Co. Ltd., Makino Inc., Mills CNC Ltd., Mitsui Seiki Kogyo Co. Ltd., Okuma Corp, Phillips Machine Tools India Pvt. Ltd., and Yamazaki Mazak Corp.
Market Driver
The CNC machine tool market is experiencing significant growth due to the increasing demand for mass manufacturing and mass customization in various industries. CNC lathes, drills, milling tools, grinders, and cutting tools are popular choices for precision manufacturing. CNC technology, aided by computerized control systems and industrial automation, is driving this trend. New technologies like microchip control, smart gadgets, CAD, CAM, and edge computing are transforming the machine tool industry. Sectors like automotive, electronics, aerospace & defense, power & energy, construction equipment, and medical devices are major consumers of CNC systems and industrial automation systems. Technological advancements, such as artificial intelligence (AI), automated inspection equipment, image processing technology, and real-time data access, are enhancing productivity and safety. Efficiency, multi-axis capabilities, spindle speeds, advanced tooling options, and real-time monitoring systems are key features of CNC machines. Semiconductor manufacturing equipment, used CNC machines, and industrial robots are also in high demand. Human error and labor costs are being minimized through data-driven optimizations and adaptive machining. Industries like transport machinery, hybrid machinery, electrical equipment, and consumer goods are also benefiting from CNC technology. Regulatory considerations, such as energy efficiency and safety sensors, are essential factors in the adoption of CNC machines. Investment in IoT, cloud computing, and real-time information access is shaping the future of the CNC machine tool market.
CNC machine tools have undergone significant technological advancements, revolutionizing the global market. These innovations have brought about increased precision, efficiency, and automation in manufacturing processes. One major advancement is the integration of advanced control systems and software solutions, which enhance accuracy and repeatability in machining operations. This leads to tighter tolerances and superior surface finishes, benefiting various industries. Furthermore, user-friendly interfaces simplify machine operation and programming, decreasing setup times and boosting overall productivity.
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Market Challenges
The machine tool industry is experiencing significant growth due to the increasing demand for CNC machine tools in mass manufacturing and mass customization. CNC lathes, drills, milling tools, grinders, and cutting tools are essential industrial devices used in various sectors like automotive, electronics, and aerospace & defense. CNC technology, a computerized control system, enables high precision and productivity. Industrial automation systems, including CNC systems and industrial robots, are key drivers. New technologies like artificial intelligence (AI), automated inspection equipment, and image processing technology are transforming the industry. Challenges include human error, labor costs, and efficiency. Multi-axis capabilities, spindle speeds, advanced tooling options, and real-time monitoring systems are crucial for complex machining products. Semiconductor manufacturing equipment, telecom communication devices, electric vehicles (EV), and medical devices require high precision and energy efficiency. Used CNC machines offer cost-effective solutions. Regulatory considerations are essential in industries like power & energy and construction equipment. Bantam Tools, Desktop CNC, servo motors, and laser machines are new trends. Investment in IoT, cloud computing, and smart devices is shaping the future of machine tools.The global CNC machine tools market faces a substantial challenge due to the high initial investments required for purchasing and implementing these advanced manufacturing technologies. This barrier particularly affects small and medium-sized enterprises (SMEs), limiting their adoption of CNC milling machines, CNC lathes, CNC routers, and CNC plasma cutters, or high-end laser cutting machines. The costs associated with acquiring these machines, including the machinery itself, tooling, software, and employee training, can range from a few thousand dollars for entry-level models to over a million dollars for high-end, multi-axis machines. These significant investments hinder market growth and limit the advancement of manufacturing processes for numerous organizations. For instance, CNC mills range in price from USD3,000 to USD300,000, while CNC lathes can cost between USD10,000 and USD500,000. CNC routers and plasma cutters follow similar pricing structures, with entry-level models starting at USD5,000 and high-end versions priced above USD100,000 for both. CNC laser cutters have an even wider price range, with entry-level machines starting at USD20,000 and high-end models costing over USD200,000. Despite these costs, the benefits of CNC machine tools, such as increased precision, efficiency, and productivity, make them a valuable investment for manufacturing industries.
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Segment Overview
This cnc machine tools market report extensively covers market segmentation by
ProductCNC Lathe MachinesCNC Milling MachinesOthersEnd-userAutomotiveIndustrial MachineryPrecision EngineeringTransportationOthersGeographyAPACEuropeNorth AmericaSouth AmericaMiddle East And Africa
1.1 CNC lathe machines- The CNC lathe machines segment holds a substantial position in the global CNC machine tools market. These machines are essential for manufacturing precise and intricate components in various industries, including automotive, aerospace, manufacturing, and medical device production. CNC lathe machines offer versatility and accuracy, making them indispensable for producing components like shafts, screws, bolts, and cylindrical parts. The demand for automation and precision in manufacturing processes is driving the growth of the CNC lathe machines segment. Industries aim for increased productivity, efficiency, and quality, making CNC lathe machines a crucial investment. Technological advancements have integrated multi-axis control, live tooling, and automatic part loading into these machines, expanding their capabilities. Manufacturers can now undertake more complex machining operations, leading to increased demand for CNC lathe machines. Additionally, their continuous operation with minimal human intervention results in improved output and reduced errors. The adoption of CNC lathe machines in emerging economies, as they modernize their manufacturing infrastructure, is further fueling market growth. Overall, the advantages of CNC lathe machines, such as automation, precision, and versatility, will continue to drive their adoption among end-users, propelling the growth of the CNC lathe machines segment in the global CNC machine tools market.
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Research Analysis
The CNC machine tools market encompasses a range of advanced machinery, including CNC lathes, drills, milling tools, grinders, and cutting tools. These machine tools utilize Microchip technology for high precision complex machining products, catering to industries such as automotive and electronics. Technological advancements continue to drive growth in the machine tool industry, with new technologies like artificial intelligence (AI) and real-time monitoring systems enhancing efficiency and reducing human error. Multi-axis capabilities, spindle speeds, and advanced tooling options are key features that distinguish modern CNC machine tools. Labor costs and efficiency remain critical factors, making new technologies like adaptive machining and real-time monitoring systems increasingly important for manufacturers seeking to optimize their operations.
Market Research Overview
The CNC machine tools market encompasses a range of industrial devices, including CNC lathes, drills, milling tools, grinders, and cutting tools, that utilize Computerized Numerical Control (CNC) technology for mass manufacturing and mass customization. CNC technology, a key driver of precision and efficiency, integrates computerized control systems, industrial automation, and smart gadgets into machine tools. New technologies such as artificial intelligence (AI), automated inspection equipment, image processing technology, edge computing, and autonomous grinders are revolutionizing the machine tool industry. CNC systems and industrial automation systems are essential in various sectors, including automotive, electronics, power & energy, aerospace & defense, construction equipment, and medical devices. Technological advancements in CNC machines offer multi-axis capabilities, high precision, energy efficiency, and real-time data access. Semiconductor manufacturing equipment, telecom communication devices, electric vehicles, and laser machines are also part of the CNC machine tools market. The market is influenced by factors like human error, labor costs, efficiency, and regulatory considerations. Used CNC machines and simulation software are also significant components of the market.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
ProductCNC Lathe MachinesCNC Milling MachinesOthersEnd-userAutomotiveIndustrial MachineryPrecision EngineeringTransportationOthersGeographyAPACEuropeNorth AmericaSouth AmericaMiddle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio
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SIGGRAPH 2026 Unites Global Computer Graphics Community in Los Angeles With Landmark Keynotes, Inaugural Games Summit, and AI Innovation
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4 minutes agoon
July 24, 2026By
Weeklong Conference Celebrates 53 Years of Advancing the State of the Art in Computer Graphics and Interactive Techniques
LOS ANGELES, July 23, 2026 /PRNewswire/ — The 53rd annual SIGGRAPH conference, the world’s premier conference on computer graphics and interactive techniques, brought together thousands of artists, researchers, developers, and industry leaders from around the globe this week at the Los Angeles Convention Center. From an inspiring keynote by legendary Disney Imagineer Lanny Smoot and the debut of the Games Summit to advancements in artificial intelligence (AI), robotics, neural rendering, Gaussian splatting, and immersive storytelling, SIGGRAPH 2026 reaffirmed its role as the global stage where research meets production and ideas shape the future of the field.
SIGGRAPH 2026 welcomed an international audience of more than 9,500 people from 69 countries, alongside a bustling exhibition floor where companies large and small showcased the latest in computer graphics and interactive techniques, products, and services.
“SIGGRAPH 2026 showed what happens when the world’s technical and creative communities share one space. The lines between computer graphics, physics, and AI are blurring, and this week our attendees turned that convergence into new collaborations, research directions, and ways to tell stories,” said SIGGRAPH 2026 Conference Chair Chris Redmann. “From our first Games Summit to a keynote that reminded us invention is a team sport, this conference celebrated the breakthroughs of today while laying the groundwork for the future of our field.”
A highlight of the week came Monday, 20 July, when Disney Research Fellow and Walt Disney Imagineering inventor Lanny Smoot took the keynote stage with “Inventions, Innovations, and Imagination: Lanny Smoot’s Prolific Path”. Smoot, who holds 107 patents and in 2024 became only the second Disney employee after Walt Disney himself to be inducted into the National Inventors Hall of Fame, traced a career spanning more than 45 years, from Bell Labs breakthroughs to beloved Disney Parks innovations including the HoloTile floor and the extendable lightsaber. His message that successful technical practitioners love to create and want to learn from others resonated with a packed house of attendees at the start of the conference week.
Keynote programming continued throughout the week with three standout sponsored sessions. NVIDIA research and engineering leaders Neil Ashton, Ming-Yu Liu, and Edward Liu explored the next era of graphics through neural rendering, world models, and AI-driven simulation. Bolt Graphics founder Darwesh Singh shared his vision for a GPU architecture built for real-time path tracing, and the research team behind Tripo AI examined how generative 3D is redefining how digital worlds are made.
AI ran through nearly every program at SIGGRAPH 2026, positioned not as a replacement for human creativity but as a creative partner. Technical Papers, Technical Workshops, Courses, and Birds of a Feather sessions connected researchers and production artists on generative workflows, differentiable physics, and world models. NVIDIA dedicated a full day to physical AI, presented 21 papers connecting 3D worlds and robot control, and drew industry-wide conversation with a technical deep dive into DLSS 5 neural rendering.
The inaugural Games Summit brought dedicated programming for game developers to SIGGRAPH. Sessions spanned motion sickness accessibility, destruction systems, performance capture pipelines, and cross-industry collaboration through OpenUSD. Robotics also took center stage across the conference, from research in simulation and motion control to the crowd-favorite Robo Dojo, where attendees guided robots through an immersive training ground on the exhibition floor.
In the Experience Hall, five interactive programs: Spatial Storytelling, the Immersive Pavilion, the Art Gallery, and Emerging Technologies, along with the in-person Hands-On Courses track of the Courses program, had attendees step inside the future of interaction and storytelling. Installations spanned AI-driven art, mixed reality sport, embodied robotics, and spatial narratives of wildfire and memory, while lively discussions on Gaussian splatting explored the future of photorealistic virtual reality.
The Computer Animation Festival, an Academy Award® Qualifying Festival for the “Best in Show” prize, celebrated global storytelling in the Electronic Theater, newly expanded in 2026 to include films longer than 10 minutes, opening the festival to a wider range of filmmakers and formats than ever before. Production Sessions took audiences behind the scenes of “Avatar: Fire and Ash” with Wētā FX and Lightstorm Entertainment, NASA’s “Visualizing the Moon for Artemis II”, Disney and Pixar Animation Studios’ “Hoppers”, and Industrial Light & Magic’s work on “The Mandalorian and Grogu”.
SIGGRAPH 2026 also celebrated this year’s contributors by honoring some “best of” from various programs, including:
Art Gallery
Best in Show — “Sternwerk“
Alvaro Cassinelli, City University of Hong Kong, School of Creative Media; and Tobias Klein, City University of Hong Kong and School of Creative Media
Art Papers
Best Art Paper — “Resonance: Meditative Neural Rhythms as Collective Spatial Experience“
Ruipeng Wang and Behnaz Farahi, Massachusetts Institute of Technology (MIT) and Critical Matter Group, Media Lab; and Yuxiang Cheng and Zhiyan Xing, Harvard University and Critical Matter Group, Media Lab
Computer Animation Festival: Electronic Theater
Best in Show: “Apart“
Pola Maneli, Social Popcorn Films (South Africa, United States)
Jury’s Choice — “18 Months“
Paulo Garcia and Natalia Gouvea (United States)
Best Student Project — “Beyond Words“
Antoine Barbannaud, Théo Merlet, Cyril Buisson, Damien Poncelet, Anthonin Haüy, Timothé Vergught, Mathis De Sauvecanne, Thémys Cheynel, Lilou Tiprez, Leandro Leijnen, and Romain Gueusset with Creative Seeds (France)
Audience Choice — “Saba“
Liron Topaz and Lirit Rosenzweig-Topaz (United States)
Emerging Technologies
Best in Show — “EmerFlux: A Two-Layer Liquid Surface Display for Organic Pixel-Based Aesthetic Representation of Information“
Kaito Shimizu and Toshitaka Amaoka, Meisei University
Audience Choice — “EmoMime: Augmenting Social Behavior and Self-Expression via Wearable Robotic Limbs“
Hideki Shimobayashi, Masaharu Hirose, and Masahiko Inami, RCAST, The University of Tokyo; Tomoya Sasaki, Tokyo University of Science and RCAST, The University of Tokyo; and Arata Horie, RCAST, The University of Tokyo and commissure Inc.
Immersive Pavilion
Best in Show — “Cosmos Unseen: Black Holes“
Marcus Moresby, Aditi Rajagopal, Bhaumik Patel, and Mark Lynch, Atlantic Studios
Real-Time Live!
Best in Show — “Create Interactive 3D Assets in Seconds!“
Ying-Tian Liu, Yuan-Chen Guo, Yumeng Li, Yu-Lin Tsai, and Yan-Pei Cao, VAST; Hanxiao Wang, Institute of Automation, Chinese Academy of Sciences and VAST; and Yi-Hua Huang, The University of Hong Kong (HKU) and VAST
Audience Choice — “Dissectible Anatomy: Embodied Exploration for Education“
Tim McGraw and Jack Myers, Purdue University
Technical Papers
Best Paper Awards
“GimmBO: Interactive Generative Image Model Merging via Bayesian Optimization”
Chenxi Liu and Selena Ling, University of Toronto; and Alec Jacobson, University of Toronto and Vector Institute
“Mixwell: Sharp 2D Fluid Brushes for Progressive Physics-Based Mixing“
Doug James, Stanford University; and Ethan James
“Walk on Decomposed Subdomains: A Hybrid Monte Carlo-Deterministic Solver for Elliptic PDEs“
Clément Jambon, Mohammad Sina Nabizadeh, and Mina Konaković Luković, Massachusetts Institute of Technology (MIT)
“Robust Planar Maps for 3D Vectorization“
Robert Fuchs, Carnegie Mellon University; and Keenan Crane, Carnegie Mellon University and Roblox
“Inverse Rendering for Discrete X-Ray Computed Tomography“
Lovro Nuic, Ziyi Zhang, and Wenzel Jakob, Ecole Polytechnique Fédérale de Lausanne; Korbinian Sager, Carl Zeiss AG
Looking ahead, the global computer graphics community will reconvene for SIGGRAPH 2027, the 54th annual conference, taking place 8–12 August 2027 in Anaheim, California, led by SIGGRAPH 2027 Conference Chair and Walt Disney Imagineer Kristy Pron. For the latest conference news and updates, visit siggraph.org.
About ACM, ACM SIGGRAPH, and SIGGRAPH 2026
ACM, the Association for Computing Machinery, is the world’s largest educational and scientific computing society, uniting educators, researchers, and professionals to inspire dialogue, share resources, and address the field’s challenges. ACM SIGGRAPH is a special interest group within ACM that serves as an interdisciplinary community for members in research, technology, and applications in computer graphics and interactive techniques. The SIGGRAPH conference is the world’s leading annual interdisciplinary educational experience showcasing the latest in computer graphics and interactive techniques. SIGGRAPH 2026, the 53rd annual conference hosted by ACM SIGGRAPH, will take place live 19–23 July at the Los Angeles Convention Center.
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SOURCE SIGGRAPH 2026
Technology
Lyntris Inc. Announces Filing of Registration Statement for Proposed Initial Public Offering
Published
4 minutes agoon
July 24, 2026By
WASHINGTON, July 23, 2026 /PRNewswire/ — Lyntris Inc. (“Lyntris”), a defense technology company providing “sense-to-act” connectivity solutions for the modern, connected battlespace, has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (the “SEC”) relating to a proposed initial public offering of shares of its common stock. Certain of Lyntris’s existing stockholders identified in the registration statement are also expected to sell shares of common stock in the proposed offering. The number of shares to be offered and the price range for the proposed offering have not yet been determined. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size, price or other terms of the offering.
Evercore ISI, Citigroup and Guggenheim Securities are acting as lead book-running managers for the proposed offering. BofA Securities is also acting as a joint book-running manager for the proposed offering. Baird, Raymond James and William Blair are acting as bookrunners for the proposed offering. Lyntris has applied to list its common stock on the New York Stock Exchange under the ticker symbol “LYNX”.
The proposed offering will be made only by means of a prospectus. When available, copies of the registration statement and the preliminary prospectus included therein may be obtained by visiting EDGAR on the SEC’s website at www.sec.gov or may also be obtained from: Evercore ISI, Attention: Equity Capital Markets, 55 East 52nd Street, 35th Floor, New York, New York 10055, by telephone: (888) 474-0200 or by email: ecm.prospectus@evercore.com; Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717 or by telephone: (800) 831-9146; and Guggenheim Securities, LLC, Attention: Equity Syndicate, 330 Madison Avenue, New York, New York 10017 or by email: gsequityprospectusdelivery@guggenheimpartners.com.
A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Lyntris
Lyntris is a defense technology company delivering “sense-to-act” connectivity solutions for the modern, connected battlespace. Combining differentiated hardware, software and mission expertise, Lyntris helps customers to detect threats earlier, decide faster and act with precision in contested, multi-domain environments.
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SOURCE Lyntris
Technology
TELUS transforms legacy telecommunications site into 195 new homes for Nanaimo
Published
4 minutes agoon
July 24, 2026By
Across Canada, demand for rental housing continues to outpace supply. TELUS Living is helping address this challenge by transforming existing TELUS properties into smart, sustainable homes in communities where new housing is needed most.
NANAIMO, BC, July 23, 2026 /CNW/ — TELUS Living today opened a new 195-home purpose-built rental community in downtown Nanaimo, transforming a former telecommunications property into smart, sustainable housing that helps address one of Canada’s most pressing challenges: increasing rental supply in growing communities. Located at 235 Wallace St, the multi-storey, mixed-use build features 195 purpose-built rental units, providing much-needed housing supply to downtown Nanaimo, while thoughtfully honouring the city’s unique coastal identity and heritage.
The Nanaimo development is part of TELUS’ long-term strategy to repurpose legacy telecommunications infrastructure into purpose-built rental housing as the company modernizes its network and completes the transition from copper to PureFibre technology. The Nanaimo community joins TELUS Living’s growing portfolio of developments that are transforming underutilized TELUS properties into housing across Canada.
“The Nanaimo development represents exactly what TELUS Living stands for by providing purpose-built rental housing tailored to the specific needs of the community it serves. We’ve designed 235 Wallace St with Nanaimo’s unique character in mind, offering a curated lifestyle that blends a climate-conscious, Zero Carbon Design approach with top-tier wellness and smart-tech amenities,” said Manasweeta Bhatia, Vice President of Corporate Real Estate at TELUS. “We shape every TELUS Living project by listening to the community, understanding its unique identity and design needs, and building accordingly. Its central downtown location and proximity to both Vancouver Island University and Nanaimo Regional General Hospital also position it as an ideal home for students, educators, and healthcare workers seeking modern, connected living.”
“More housing and good jobs are a win-win for downtown Nanaimo,” said Sheila Malcolmson, MLA for Nanaimo-Gabriola Island. “Adding to the approximately 1,500 affordable homes our B.C. government has completed and underway in Nanaimo, it’s great to see TELUS stepping up with 195 new units. It’s been great to see hundreds of construction and indirect jobs in town, and I can’t wait to see folks move into their new homes.”
“I’m thrilled to see a new rental option in downtown Nanaimo, and especially excited that this conversion was made with sustainability and active transportation in mind,” said George Anderson, MLA for Nanaimo-Lantzville. “Ensuring everyone can find homes they can afford in the communities they love requires creative approaches, and I hope to see more creativity like this in the future.”
“I’m delighted to celebrate the opening of TELUS Living Nanaimo, a landmark project that strengthens our downtown as a vibrant, inclusive place to live,” said Leonard Krog, Mayor of Nanaimo. “This partnership between the City of Nanaimo, our community, and TELUS demonstrates what’s possible when we work together toward shared goals. The addition of nearly 200 diverse housing options is exactly what our city needs, and we’re excited about the positive impact this will have on our community. TELUS’ commitment to our city and investment in our future will contribute to Nanaimo’s economic and social vitality.”
Situated within walking distance of downtown’s vibrant cafes, eclectic Old City Quarter, the iconic Harbourfront Walkway, and a short transit ride from Vancouver Island University and Nanaimo Regional General Hospital, the development is architecturally designed to blend classic and contemporary exterior elements. Curated for modern living, the community offers an expansive suite of indoor and outdoor social amenities alongside street-level retail and public art contributions.
Project Highlights:
Smart-Enabled Living: Powered by the TELUS PureFibre network, the custom TELUS Living App provides keyless entry, smart climate control, leak detection, parcel notifications, visitor management, and amenity bookings.Social & Wellness Amenities: Features a rooftop deck with an outdoor kitchen, BBQs, and panoramic views, alongside a state-of-the-art fitness centre and resident lounge.Pet & Active Lifestyle Ready: Equipped with a dedicated children’s outdoor play area, outdoor bark park and pet care station, secure underground parking, bike storage and maintenance facilities.Premium Functional Interiors: Studio to three-bedroom layouts include private balconies, individual A/C with Energy Recovery Ventilators (ERVs) for optimal air quality, Samsung SmartThings appliances, and in-suite laundry.Gold-Standard Sustainability: Sets a Vancouver Island benchmark aligned with Zero Carbon Design standards and Salmon-Safe development guidelines that actively protects local ecosystems.
This opening marks a significant milestone in TELUS Living’s mission to transform existing real estate holdings into purpose-built rentals that bridge the housing gap with smart, sustainable, and community-focused developments. As TELUS completes its transition from legacy copper to advanced fibre networks, the company is transforming its historic central offices–which once served as the backbone of B.C.’s phone system–into vibrant, smart, purpose-built rental communities. TELUS Living is breathing new life into these properties to help address Canada’s housing crisis. For more details on TELUS Living Nanaimo or to view available floor plans, please visit telusliving.com/nanaimo.
About TELUS
TELUS (TSX: T, NYSE: TU) is a world-leading communications technology company operating in more than 45 countries and generating over $20 billion in annual revenue with more than 17 million customer connections through our advanced suite of broadband services for consumers, businesses and the public sector. We are committed to leveraging our technology to enable remarkable human outcomes. TELUS is passionate about putting our customers and communities first, leading the way globally in client service excellence and social capitalism. TELUS Health is enhancing approximately 170 million lives across 200 countries and territories through innovative preventive medicine and well-being technologies. TELUS Agriculture & Consumer Goods utilizes digital technologies and data insights to optimize the connection between producers and consumers. TELUS Digital specializes in digital customer experiences and future-focused digital transformations that deliver value for their global clients. Guided by our enduring ‘give where we live’ philosophy, TELUS continues to invest in initiatives that support education, health and community well-being. In 2023, we launched the TELUS Student Bursary, which strives to ensure that every young person in Canada who wants a postsecondary education has the opportunity to pursue one. To date, the program has distributed over $6 million in bursaries to 2,000 students and counting. Since 2000, TELUS, our team members and retirees have contributed $1.85 billion in cash, in-kind contributions, time and programs, including 2.5 million days of service–earning TELUS the distinction of the world’s most giving company.
For more information, visit telus.com.
For more information, please contact:
Brandi Rees
TELUS Public Relations
brandi.rees@telus.com
SOURCE TELUS Communications Inc.
SIGGRAPH 2026 Unites Global Computer Graphics Community in Los Angeles With Landmark Keynotes, Inaugural Games Summit, and AI Innovation
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