Precision Engineering Machines Market by Type (Computer Numerical Control (CNC) Machine Tools, Electric Discharge Machining (EDM) Machine Tools), End User, and Geography - Global Industry Analysis, Opportunities and Forecast up to 2029

Precision Engineering Machines Market Size

The Precision Engineering Machines market size was valued at $14.05 billion in 2023 and is projected to reach $21.68 billion by 2029, growing at a CAGR of 7.5% from 2023 to 2029.

Precision Engineering Machines Market Overview

Precision Engineering Machines refer to advanced mechanical systems designed with meticulous attention to detail and accuracy, aiming to achieve exceptionally precise and reliable performance in various manufacturing processes. These machines are characterized by their ability to produce intricate components with tight tolerances, ensuring high-quality output in industries such as aerospace, automotive, electronics, and medical device manufacturing. Employing cutting-edge technologies and often incorporating computer numerical control (CNC) systems, Precision Engineering Machines excel in tasks demanding minimal deviations and exceptional repeatability. Their precision is crucial in the fabrication of intricate parts, contributing to the overall efficiency, consistency, and quality of the manufacturing processes they support. These machines play a pivotal role in the production of critical components where precision is paramount, ultimately contributing to advancements in technology and innovation across diverse industrial sectors.

Precision Engineering Machines Market Dynamics

The market dynamics analyzed in this market research report encapsulate a multifaceted interplay of drivers and constraints that significantly shape the landscape of the Precision Engineering Machines market. The comprehensive analysis of both drivers and constraints enables a nuanced understanding of the market's dynamics, empowering businesses and stakeholders to make informed decisions in navigating the complexities of the market.

Precision Engineering Machines Market Scope

The report “Global Precision Engineering Machines Market: Industry Analysis, Opportunities and Forecast up to 2029” by Diligence Insights provides a detailed analysis of the present market and future outlook with market estimates and forecasts for all specified segments, encompassing both global and regional perspectives as outlined within the research framework. The study includes historical market data for the years 2021, 2022 and offers revenue estimations for 2023, and project forecasts spanning from 2024 to 2029. It places significant emphasis on the examination of market trends, key industry participants, supply chain developments, technological advancements, pivotal milestones, and prospective strategies. Comprehensive market assessments are carried out across major geographic regions, including North America, Europe, Asia Pacific, South America, and Middle East & Africa. As such, this report constitutes a valuable resource for current industry stakeholders, newcomers to the field, and potential investors.

The study offers an in-depth market analysis, drawing insights from industry experts across the value chain. A special focus has been made on 25 countries, including the United States, Canada, Mexico, the United Kingdom, Germany, Spain, France, Italy, China, Brazil, Saudi Arabia, and South Africa, among others. The market data has been meticulously collected through extensive primary interviews and comprehensive secondary research. Market size determination is rooted in the revenue generated from sales across all the specified segments and sub-segments as defined within the research scope. The market sizing analysis includes both top-down and bottom-up approaches for data validation and accuracy measures.

Market Segmentation:

The research report includes in-depth coverage of the industry analysis with size, share, and forecast for the below segments:

Global Precision Engineering Machines Market by, Type

·         Computer Numerical Control (CNC) Machine Tools

·         Electric Discharge Machining (EDM) Machine Tools

·         Other Types

Global Precision Engineering Machines Market by, End User

·         Automotive

·        Aerospace & Defense

·         Power & Energy

·         Engineering & Capital Goods

·         Other End Users

Global Precision Engineering Machines Market by, Geography

·         North America (The United States, Canada, Mexico), Market Estimates, Forecast & Opportunity Analysis.

·         Europe (Germany, France, UK, Italy, Spain, Rest of Europe), Market Estimates, Forecast & Opportunity Analysis

·         Asia Pacific (China, Japan, India, South Korea, Australia, New Zealand, Rest of Asia Pacific), Market Estimates, Forecast & Opportunity Analysis

·         South America (Brazil, Argentina, Chile, Rest of South America), Market Estimates, Forecast & Opportunity Analysis

·         Middle East & Africa (UAE, Saudi Arabia, Qatar, Iran, South Africa, Rest of Middle East & Africa), Market Estimates, Forecast & Opportunity Analysis.

Key Players Profiled in this Research Report include:

·         Yamazaki Mazak Corporation

·         Amada Machine Tools Co., Ltd.

·         Hurco Companies, Inc.

·         Amera-Seiki

·         Dalian Machine Tool Group (DMTG) Corporation

·         DATRON AG

·         FANUC Corporation

·         Shenyang Machine Tool Co., Ltd.

·         Okuma Corporation

·         DMG Mori Co., Ltd.

·         Haas Automation, Inc.

What can be explored with this research report?

·         Understand global Precision Engineering Machines market analysis, trends and forecast to 2029.

·         Understand analysis of the Precision Engineering Machines market structure by identifying various segments and sub-segments of the market.

·         Understand revenue forecast and strategic analysis with respect to industry trends and contribution to the overall Precision Engineering Machines market.

·         Understand revenue forecast of Precision Engineering Machines market with respect to North America, Europe, Asia-Pacific, South America and Middle East & Africa.

·         Identification of major market trends, factors driving, restraining, threatening and providing opportunities for the Precision Engineering Machines market growth.

·         Analyzing opportunities by identification of high-growth segments/revenue pockets in the Precision Engineering Machines market.

·         Understand major player profiles in the Precision Engineering Machines market and analysis of their business strategies.

·         Understand competitive developments such as joint ventures, alliances, mergers and acquisitions, and new product launches in the Precision Engineering Machines market.

Table Of Content

1 Market Introduction 
 1.1 Market Definition 
 1.2 Research Scope and Segmentation 
 1.3 Stakeholders 
 1.4 List of Abbreviations 
 
2 Executive Summary 
 
3 Research Methodology 
 3.1 Identification of Data 
 3.2 Evaluation of Market Dynamics 
 3.3 Collaboration of Data 
 3.4 Verification and Analysis 
 3.5 Research Approach 
 3.6 Data Sources and Assumptions 
 
4 Market Dynamics 
 4.1 Market Drivers 
 4.2 Market Restraints 
 4.3 Market Opportunities 
 4.4 Market Challenges 
 4.5 Impact of COVID-19 on the Precision Engineering Machines Market 
 
5 Porter's Five Force Analysis 
 5.1 Bargaining Power of Suppliers 
 5.2 Bargaining Power of Buyers 
 5.3 Threat of New Entrants 
 5.4 Threat of Substitutes 
 5.5 Competitive Rivalry in the Market 
 
6 Global Precision Engineering Machines Market by, Type 
 6.1 Overview 
 6.2 Computer Numerical Control (CNC) Machine Tools 
 6.3 Electric Discharge Machining (EDM) Machine Tools 
 6.4 Other Types 
 
7 Global Precision Engineering Machines Market by, End User 
 7.1 Overview 
 7.2 Automotive 
 7.3 Aerospace & Defense 
 7.4 Power & Energy 
 7.5 Engineering & Capital Goods 
 7.6 Other End Users 
 
8 Global Precision Engineering Machines Market by, Geography 
 8.1 Overview 
 8.2 North America 
 8.2.1 US
 8.2.2 Canada
 8.2.3 Mexico
 8.3 Europe 
 8.3.1 Germany
 8.3.2 France
 8.3.3 UK
 8.3.4 Italy
 8.3.5 Spain
 8.3.6 Rest of Europe
 8.4 Asia Pacific 
 8.4.1 China
 8.4.2 Japan
 8.4.3 India
 8.4.4 South Korea
 8.4.5 Australia
 8.4.6 New Zealand
 8.4.7 Rest of Asia Pacific
 8.5 South America 
 8.5.1 Brazil
 8.5.2 Argentina
 8.5.3 Chile
 8.5.4 Rest of South America
 8.6 Middle East & Africa 
 8.6.1 UAE
 8.6.2 Saudi Arabia
 8.6.3 Qatar
 8.6.4 Iran
 8.6.5 South Africa
 8.6.6 Rest of Middle East & Africa
 
9 Key Developments 
 
10 Company Profiling 
 10.1 Yamazaki Mazak Corporation 
 10.1.1 Business Overview
 10.1.2 Product/Service Offering
 10.1.3 Financial Overview
 10.1.4 SWOT Analysis
 10.1.5 Key Activities
 10.2 Amada Machine Tools Co., Ltd. 
 10.3 Hurco Companies, Inc. 
 10.4 Amera-Seiki 
 10.5 Dalian Machine Tool Group (DMTG) Corporation 
 10.6 DATRON AG 
 10.7 FANUC Corporation 
 10.8 Shenyang Machine Tool Co., Ltd. 
 10.9 Okuma Corporation 
 10.10 DMG Mori Co., Ltd. 
 10.11 Haas Automation, Inc.