Precision Engineering Machines Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2022 – 2030

The global Precision Engineering Machines market size is expected to be worth around US$ 25.20 billion by 2030, according to a new report by Vision Research Reports.

The global Precision Engineering Machines market size was valued at US$ 12.8 billion in 2020 and is anticipated to grow at a CAGR of 7.6% during forecast period 2021 to 2030.

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Report Coverage

Report Scope Details
Market Size US$ 25.20 Billion by 2030
Growth Rate CAGR of 7.6% From 2021 to 2030
Base Year 2021
Forecast Period 2021 to 2030
Segments Covered End user
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned Amada Machine Tools Co., Ltd.; Amera-Seiki; DATRON AG; Dalian Machine Tool Group (DMTG) Corporation; DMG Mori Co., Ltd.; FANUC Corporation; Haas Automation, Inc.; Hurco Companies, Inc.; Okuma Corporation; Shenyang Machine Tool Co., Ltd.; Yamazaki Mazak Corporation.

Growth Factors

The rising demand for advanced machining solutions and emphasis on reducing downtime to increase production efficiency, boost accuracy, and optimize machining processes are the key factors driving the market growth. Advanced machining processes help to reduce machining time, which can offset material costs, setup costs, and bespoke machining costs. increased demand for advanced machining solutions, as well as the focus on reducing downtime to promote production efficiency, improve accuracy, and optimize machining processes, are driving sales growth. Moreover, Industry 4.0 promotes the integration of manufacturing facilities with other processes to create holistic and adaptive automation system architectures using precision engineering machines for production and manufacturing.

The increased popularity of precision engineering machines can be attributed to their computerized accuracy, which helps improve the productivity and efficiency of manufacturing processes. The scope of precision engineering is expanding owing to the rising technological possibilities. Precision engineering machines facilitate automated operations and, hence, reduce the time required for machining components.

By End-use Analysis

The non-automotive segment held the largest market share of over 78% in 2020. This segment includes aerospace and defense, engineering and capital goods, power and energy, and others. The aerospace industry has observed increased demand for advanced materials such as nickel alloys and titanium alloys in recent years, leading to the increased use of machine tools and cutting tools.

Investment in industrial and heavy machinery is expected to grow over the forecast period, thereby accelerating the demand for precision engineering machines in Israel, Saudi Arabia, and other Middle Eastern countries.

By Regional Analysis

APAC dominated the precision engineering machines market with a revenue share of over 32% in 2020. CNC machining is quickly becoming a key production process for many industries in China. To fulfill the increased demand for sophisticated manufacturing and CNC machining services, China is witnessing lucrative growth opportunities in products and services such as CNC manufacturing systems and optimized manufacturing service centers.

Europe is expected to emerge as the second-largest regional market in terms of revenue share. Manufacturers in the region are leveraging advances in technology and integrating the latest automation technologies in machines.

Key Players

  • Amada Machine Tools Co., Ltd.
  • Amera-Seiki
  • DATRON AG
  • Dalian Machine Tool Group (DMTG) Corporation
  • DMG Mori Co., Ltd.
  • FANUC Corporation
  • Haas Automation, Inc.
  • Hurco Companies, Inc.
  • Okuma Corporation
  • Shenyang Machine Tool Co., Ltd.
  • Yamazaki Mazak Corporation

Market Segmentation

  • By End-use
    • Automotive
    • Non-Automotive
      • Aerospace & Defense
      • Engineering & Capital Goods
      • Power & Energy
      • Others
  • Regional
    • North America
      • U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
    • Asia Pacific
      • Greater China
      • Japan
      • India
      • South Korea
    • Latin America
    • Middle East & Africa

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Reasons to Purchase this Report:

– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Table of Contents

Chapter 1.  Introduction

1.1.  Research Objective

1.2.  Scope of the Study

1.3.  Definition

Chapter 2.  Research Methodology

2.1.  Research Approach

2.2.  Data Sources

2.3.  Assumptions & Limitations

Chapter 3.  Executive Summary

3.1.  Market Snapshot

Chapter 4.  Market Variables and Scope

4.1.  Introduction

4.2.  Market Classification and Scope

4.3.  Industry Value Chain Analysis

4.3.1.    Raw Material Procurement Analysis

4.3.2.    Sales and Distribution Channel Analysis

4.3.3.    Downstream Buyer Analysis

Chapter 5.  Market Dynamics Analysis and Trends

5.1.  Market Dynamics

5.1.1.    Market Drivers

5.1.2.    Market Restraints

5.1.3.    Market Opportunities

5.2.  Porter’s Five Forces Analysis

5.2.1.    Bargaining power of suppliers

5.2.2.    Bargaining power of buyers

5.2.3.    Threat of substitute

5.2.4.    Threat of new entrants

5.2.5.    Degree of competition

Chapter 6.  Competitive Landscape

6.1.1.    Company Market Share/Positioning Analysis

6.1.2.    Key Strategies Adopted by Players

6.1.3.    Vendor Landscape

6.1.3.1.        List of Suppliers

6.1.3.2.        List of Buyers

Chapter 7.  Global Precision Engineering Machines Market, By End-use

7.1.  Precision Engineering Machines Market, by End-use, 2021-2030

7.1.1.    Automotive

7.1.1.1.        Market Revenue and Forecast (2017-2030)

7.1.2.    Non-Automotive

7.1.2.1.        Market Revenue and Forecast (2017-2030)

Chapter 8.  Global Precision Engineering Machines Market, Regional Estimates and Trend Forecast

8.1.  North America

8.1.1.    Market Revenue and Forecast, by End-use (2017-2030)

8.1.2.    U.S.

8.1.3.    Rest of North America

8.1.3.1.        Market Revenue and Forecast, by End-use (2017-2030)

8.2.  Europe

8.2.1.    Market Revenue and Forecast, by End-use (2017-2030)

8.2.2.    UK

8.2.2.1.        Market Revenue and Forecast, by End-use (2017-2030)

8.2.3.    France

8.2.3.1.        Market Revenue and Forecast, by End-use (2017-2030)

8.2.4.    Rest of Europe

8.2.4.1.        Market Revenue and Forecast, by End-use (2017-2030)

8.3.  APAC

8.3.1.    Market Revenue and Forecast, by End-use (2017-2030)

8.3.2.    India

8.3.2.1.        Market Revenue and Forecast, by End-use (2017-2030)

8.3.3.    China

8.3.3.1.        Market Revenue and Forecast, by End-use (2017-2030)

8.3.4.    Japan

8.3.4.1.        Market Revenue and Forecast, by End-use (2017-2030)

8.3.5.    Rest of APAC

8.3.5.1.        Market Revenue and Forecast, by End-use (2017-2030)

8.4.  MEA

8.4.1.    Market Revenue and Forecast, by End-use (2017-2030)

8.4.2.    GCC

8.4.2.1.        Market Revenue and Forecast, by End-use (2017-2030)

8.4.3.    North Africa

8.4.3.1.        Market Revenue and Forecast, by End-use (2017-2030)

8.4.4.    South Africa

8.4.4.1.        Market Revenue and Forecast, by End-use (2017-2030)

8.4.5.    Rest of MEA

8.4.5.1.        Market Revenue and Forecast, by End-use (2017-2030)

8.5.  Latin America

8.5.1.    Market Revenue and Forecast, by End-use (2017-2030)

8.5.2.    Brazil

8.5.2.1.        Market Revenue and Forecast, by End-use (2017-2030)

8.5.3.    Rest of LATAM

8.5.3.1.        Market Revenue and Forecast, by End-use (2017-2030)

Chapter 9.    Company Profiles

9.1.  Amada Machine Tools Co., Ltd.

9.1.1.    Company Overview

9.1.2.    Product Offerings

9.1.3.    Financial Performance

9.1.4.    Recent Initiatives

9.2.  Amera-Seiki

9.2.1.    Company Overview

9.2.2.    Product Offerings

9.2.3.    Financial Performance

9.2.4.    Recent Initiatives

9.3.  DATRON AG

9.3.1.    Company Overview

9.3.2.    Product Offerings

9.3.3.    Financial Performance

9.3.4.    Recent Initiatives

9.4.  Dalian Machine Tool Group (DMTG) Corporation

9.4.1.    Company Overview

9.4.2.    Product Offerings

9.4.3.    Financial Performance

9.4.4.    Recent Initiatives

9.5.  DMG Mori Co., Ltd.

9.5.1.    Company Overview

9.5.2.    Product Offerings

9.5.3.    Financial Performance

9.5.4.    Recent Initiatives

9.6.  FANUC Corporation

9.6.1.    Company Overview

9.6.2.    Product Offerings

9.6.3.    Financial Performance

9.6.4.    Recent Initiatives

9.7.  Haas Automation, Inc.

9.7.1.    Company Overview

9.7.2.    Product Offerings

9.7.3.    Financial Performance

9.7.4.    Recent Initiatives

9.8.  Hurco Companies, Inc.

9.8.1.    Company Overview

9.8.2.    Product Offerings

9.8.3.    Financial Performance

9.8.4.    Recent Initiatives

Chapter 10.  Research Methodology

10.1.              Primary Research

10.2.              Secondary Research

10.3.              Assumptions

Chapter 11.  Appendix

11.1.              About Us

11.2.              Glossary of Terms

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