Precision Engineering Machines Global Market Report 2024

Global Precision Engineering Machines Market Report 2024

Precision Engineering Machines Global Market Report 2024 – By Type (Computer Numerical Control Machine Tools, Electrical Discharge Machining Machine Tools, Other Types), By Material (Plastic, Steel, Bronze, Glass, Brass, Other Materials), By End Use (Automotive, Non-Automotive) – Market Size, Trends, And Global Forecast 2024-2033

Name: Precision Engineering Machines Global Market Report 2024
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Precision Engineering Machines Global Market Report 2024

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Precision Engineering Machines Global Market Report 2024

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Precision Engineering Machines Market Definition

Precision engineering machines refer to highly specialized tools designed for accurate and intricate manufacturing processes. These machines are designed to achieve tight tolerances and dimensional control during manufacturing. These equipment and components are used in several industries for high-precision machining procedures, such as turning, milling, drilling, and other machining operations.

The main types of precision engineering machines are computer numerical control machine tools, electrical discharge machining machine tools, and others. Computer numerical control (CNC) refers to the automated control of tools by a computer. The materials are plastic, steel, bronze, glass, brass, and others and are used for various end uses, such as automotive and non-automotive.

Precision Engineering Machines Market Segmentation

The precision engineering machines market covered in this report is segmented –

1) By Type: Computer Numerical Control Machine Tools, Electrical Discharge Machining Machine Tools, Other Types

2) By Material: Plastic, Steel, Bronze, Glass, Brass, Other Materials

3) By End Use: Automotive, Non-Automotive

Global Precision Engineering Machines Market Size 2023 to 2028: Graph

Precision Engineering Machines Market Size 2024 And Growth Rate

The precision engineering machines market size has grown strongly in recent years. It will grow from $13.56 billion in 2023 to $14.59 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to consumer electronics demand, quality management standards, globalization and trade, standardization efforts, automobile industry and military applications.

Precision Engineering Machines Market Growth Forecast

The precision engineering machines market size is expected to see strong growth in the next few years. It will grow to $18.66 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%. The growth in the forecast period can be attributed to smart factories, high-speed machining, sustainable manufacturing practices, customization and personalization. Major trends in the forecast period include miniaturization and microfabrication, internet of things (iot) integration, robotics and collaborative automation, precision robotics, digital twin technology, hybrid machining systems and multi-axis machining.

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Precision Engineering Machines Market Driver: Increased Demand For Consumer Electronics Fuels Surge In Precision Engineering Machines Market

The rising consumer electronics demand is expected to propel the growth of the precision engineering machines market going forward. Consumer electronics is a broad category of electronic devices designed for everyday use by end-users or consumers. The use of precision engineering machines is growing, as it is designed to produce high-precision components and parts that meet tight tolerances and specifications. These machines are essential for the proper functioning of electronic devices and systems. For instance, according to the annual financial report 2022 published by LG Corporation, a South Korea-based consumer electronics and home appliances company, LG had revenue exceeding $60 billion for the first time. This was a 12.9% increase from 2021. The growth was mainly due to the high demand for premium home appliances and automotive parts. Therefore, rising consumer electronics demand is driving the development of the precision engineering machines market.

Global Precision Engineering Machines Market Major Players

Major companies operating in the precision engineering machines market are Mitsubishi Electric Corporation, Amera-Seiki, Yamazaki Mazak Corporation, Doosan Machine Tools Co. Ltd., DATRON AG, Brother Industries Ltd., FANUC Corporation, Trumpf Gmbh Co. Kg, Amada Machine Tools Co. Ltd., Makino Milling Machine Co. Ltd., Schuler AG, DMG Mori Co. Ltd., GF Machining Solutions Management SA, Haas Automation Inc., INDEX-Werke GmbH & Co. KG Hahn & Tessky, Sodick Co. Ltd., Hardinge Inc., Tongtai Machine & Tool Co. Ltd., Hurco Companies Inc., Shenyang Machine Tool Co. Ltd., Kitamura Machinery Co. Ltd., Dalian Machine Tool Group (DMTG) Corporation, Chiron Group SE, MLOptic Corp.

Global Precision Engineering Machines Market Trend: A Focus On Cutting-Edge Technologies And Innovative Solutions For Precision Engineering Machines

Major companies operating in the precision engineering machines market are focused on developing innovative machines, such as compact and low-energy-demanding machines, to gain a competitive advance edge in market. Compact and low-energy-demanding machines refer to devices or systems designed to be small in size and have minimal energy requirements. For instance, in May 2022, Loxham Precision Limited, a UK-based precision CNC machine and motion systems manufacturer, launched the ultra-precision 5-axis CNC turn-mill machine. The machine is used for manufacturing intricate components with exceptional precision and efficiency. Ultra-precision 5-axis CNC turn-mill machines in precision engineering involve advanced manufacturing tools for making complex parts with high accuracy and precision.

Precision Engineering Machines Market Merger And Acquisition: Flinchbaugh Engineering Inc. Expands Capabilities Through Strategic Acquisition Of Billet Industries

In January 2024, Flinchbaugh Engineering Inc., a US-based precision manufacturing company, acquired Billet Industries for an undisclosed amount. The acquisition aims to expand Flinchbaugh Engineering's capabilities and services and strengthen its market position. Billet Industries is a US-based provider of precision and machining services, including CNC milling and machining.

Regional Insights For The Global Precision Engineering Machines Market

Asia-Pacific was the largest region in the precision engineering machines market in 2023. The regions covered in the precision engineering machines market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the precision engineering machines market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The precision engineering machines market consists of revenues earned by entities providing services such as product development and design support, engineering design and development, large part machining and custom computer numerical control, precision machining, and custom computer numerical control machining solutions. The market value includes the value of related goods sold by the service provider or included within the service offering. The precision engineering machines market also includes sales of tooling and machining components, ergonomics equipment, automation solutions, electro-mechanical assemblies, enclosures, boxes, cabinets, and chassis. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The precision engineering machines market research report is one of a series of new reports from The Business Research Company that provides precision engineering machines market statistics, including precision engineering machines industry global market size, regional shares, competitors with a precision engineering machines market share, detailed precision engineering machines market segments, market trends and opportunities, and any further data you may need to thrive in the precision engineering machines industry. This precision engineering machines market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Precision Engineering Machines Market Report Forecast and Analysis

Report Attribute	Details
Market Size Value In 2024	$14.59 billion
Revenue Forecast In 2033	$18.66 billion
Growth Rate	CAGR of 6.3% from 2024 to 2033
Base Year For Estimation	2023
Actual Estimates/Historical Data	2018-2023
Forecast Period	2024 - 2028 - 2033
Market Representation	Revenue in USD Billion and CAGR from 2024 to 2033
Segments Covered	1) By Type: Computer Numerical Control Machine Tools, Electrical Discharge Machining Machine Tools, Other Types 2) By Material: Plastic, Steel, Bronze, Glass, Brass, Other Materials 3) By End Use: Automotive, Non-Automotive
Regional Scope	Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Country Scope	The countries covered in the report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. Additional countries that can be covered in the report for an additional fee: Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, Mexico, Chile, Argentina, Colombia, Peru, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
Key Companies Profiled	Mitsubishi Electric Corporation; Amera-Seiki; Yamazaki Mazak Corporation; Doosan Machine Tools Co. Ltd.; DATRON AG; Brother Industries Ltd.; FANUC Corporation; Trumpf Gmbh Co. Kg; Amada Machine Tools Co. Ltd.; Makino Milling Machine Co. Ltd.; Schuler AG; DMG Mori Co. Ltd.; GF Machining Solutions Management SA; Haas Automation Inc.; INDEX-Werke GmbH & Co. KG Hahn & Tessky; Sodick Co. Ltd.; Hardinge Inc.; Tongtai Machine & Tool Co. Ltd.; Hurco Companies Inc.; Shenyang Machine Tool Co. Ltd.; Kitamura Machinery Co. Ltd.; Dalian Machine Tool Group (DMTG) Corporation; Chiron Group SE; MLOptic Corp.
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1. Executive Summary

2. Precision Engineering Machines Market Characteristics

3. Precision Engineering Machines Market Trends And Strategies

4. Precision Engineering Machines Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market

4.2. Ukraine-Russia War Impact On The Market

4.3. COVID-19 Impact On The Market

5. Global Precision Engineering Machines Market Size and Growth

5.1. Global Precision Engineering Machines Market Drivers and Restraints

5.1.1. Drivers Of The Market

5.1.2. Restraints Of The Market

5.2. Global Precision Engineering Machines Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)

5.3. Global Precision Engineering Machines Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Precision Engineering Machines Market Segmentation

6.1. Global Precision Engineering Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Computer Numerical Control Machine Tools

Electrical Discharge Machining Machine Tools

Other Types

6.2. Global Precision Engineering Machines Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Plastic

Steel

Bronze

Glass

Brass

Other Materials

6.3. Global Precision Engineering Machines Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Automotive

Non-Automotive

7. Precision Engineering Machines Market Regional And Country Analysis

7.1. Global Precision Engineering Machines Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

7.2. Global Precision Engineering Machines Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Precision Engineering Machines Market

8.1. Asia-Pacific Precision Engineering Machines Market Overview

Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

8.2. Asia-Pacific Precision Engineering Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8.3. Asia-Pacific Precision Engineering Machines Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8.4. Asia-Pacific Precision Engineering Machines Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Precision Engineering Machines Market

9.1. China Precision Engineering Machines Market Overview

9.2. China Precision Engineering Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

9.3. China Precision Engineering Machines Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

9.4. China Precision Engineering Machines Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Precision Engineering Machines Market

10.1. India Precision Engineering Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

10.2. India Precision Engineering Machines Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

10.3. India Precision Engineering Machines Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Precision Engineering Machines Market

11.1. Japan Precision Engineering Machines Market Overview

11.2. Japan Precision Engineering Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11.3. Japan Precision Engineering Machines Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11.4. Japan Precision Engineering Machines Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Precision Engineering Machines Market

12.1. Australia Precision Engineering Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12.2. Australia Precision Engineering Machines Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12.3. Australia Precision Engineering Machines Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Precision Engineering Machines Market

13.1. Indonesia Precision Engineering Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13.2. Indonesia Precision Engineering Machines Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13.3. Indonesia Precision Engineering Machines Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Precision Engineering Machines Market

14.1. South Korea Precision Engineering Machines Market Overview

14.2. South Korea Precision Engineering Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14.3. South Korea Precision Engineering Machines Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14.4. South Korea Precision Engineering Machines Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Precision Engineering Machines Market

15.1. Western Europe Precision Engineering Machines Market Overview

15.2. Western Europe Precision Engineering Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15.3. Western Europe Precision Engineering Machines Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15.4. Western Europe Precision Engineering Machines Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Precision Engineering Machines Market

16.1. UK Precision Engineering Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16.2. UK Precision Engineering Machines Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16.3. UK Precision Engineering Machines Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Precision Engineering Machines Market

17.1. Germany Precision Engineering Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17.2. Germany Precision Engineering Machines Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17.3. Germany Precision Engineering Machines Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Precision Engineering Machines Market

18.1. France Precision Engineering Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18.2. France Precision Engineering Machines Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18.3. France Precision Engineering Machines Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Precision Engineering Machines Market

19.1. Italy Precision Engineering Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19.2. Italy Precision Engineering Machines Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19.3. Italy Precision Engineering Machines Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Precision Engineering Machines Market

20.1. Spain Precision Engineering Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20.2. Spain Precision Engineering Machines Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20.3. Spain Precision Engineering Machines Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Precision Engineering Machines Market

21.1. Eastern Europe Precision Engineering Machines Market Overview

21.2. Eastern Europe Precision Engineering Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21.3. Eastern Europe Precision Engineering Machines Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21.4. Eastern Europe Precision Engineering Machines Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Precision Engineering Machines Market

22.1. Russia Precision Engineering Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22.2. Russia Precision Engineering Machines Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22.3. Russia Precision Engineering Machines Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Precision Engineering Machines Market

23.1. North America Precision Engineering Machines Market Overview

23.2. North America Precision Engineering Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23.3. North America Precision Engineering Machines Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23.4. North America Precision Engineering Machines Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Precision Engineering Machines Market

24.1. USA Precision Engineering Machines Market Overview

24.2. USA Precision Engineering Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24.3. USA Precision Engineering Machines Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24.4. USA Precision Engineering Machines Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Precision Engineering Machines Market

25.1. Canada Precision Engineering Machines Market Overview

25.2. Canada Precision Engineering Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25.3. Canada Precision Engineering Machines Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25.4. Canada Precision Engineering Machines Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Precision Engineering Machines Market

26.1. South America Precision Engineering Machines Market Overview

26.2. South America Precision Engineering Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26.3. South America Precision Engineering Machines Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26.4. South America Precision Engineering Machines Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Precision Engineering Machines Market

27.1. Brazil Precision Engineering Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27.2. Brazil Precision Engineering Machines Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27.3. Brazil Precision Engineering Machines Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Precision Engineering Machines Market

28.1. Middle East Precision Engineering Machines Market Overview

28.2. Middle East Precision Engineering Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28.3. Middle East Precision Engineering Machines Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28.4. Middle East Precision Engineering Machines Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Precision Engineering Machines Market

29.1. Africa Precision Engineering Machines Market Overview

29.2. Africa Precision Engineering Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29.3. Africa Precision Engineering Machines Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29.4. Africa Precision Engineering Machines Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Precision Engineering Machines Market Competitive Landscape And Company Profiles

30.1. Precision Engineering Machines Market Competitive Landscape

30.2. Precision Engineering Machines Market Company Profiles

30.2.1. Mitsubishi Electric Corporation

30.2.1.1. Overview

30.2.1.2. Products and Services

30.2.1.3. Strategy

30.2.1.4. Financial Performance

30.2.2. Amera-Seiki

30.2.2.1. Overview

30.2.2.2. Products and Services

30.2.2.3. Strategy

30.2.2.4. Financial Performance

30.2.3. Yamazaki Mazak Corporation

30.2.3.1. Overview

30.2.3.2. Products and Services

30.2.3.3. Strategy

30.2.3.4. Financial Performance

30.2.4. Doosan Machine Tools Co. Ltd.

30.2.4.1. Overview

30.2.4.2. Products and Services

30.2.4.3. Strategy

30.2.4.4. Financial Performance

30.2.5. DATRON AG

30.2.5.1. Overview

30.2.5.2. Products and Services

30.2.5.3. Strategy

30.2.5.4. Financial Performance

31. Precision Engineering Machines Market Other Major And Innovative Companies

31.1. Brother Industries Ltd.

31.2. FANUC Corporation

31.3. Trumpf Gmbh Co. Kg

31.4. Amada Machine Tools Co. Ltd.

31.5. Makino Milling Machine Co. Ltd.

31.6. Schuler AG

31.7. DMG Mori Co. Ltd.

31.8. GF Machining Solutions Management SA

31.9. Haas Automation Inc.

31.10. INDEX-Werke GmbH & Co. KG Hahn & Tessky

31.11. Sodick Co. Ltd.

31.12. Hardinge Inc.

31.13. Tongtai Machine & Tool Co. Ltd.

31.14. Hurco Companies Inc.

31.15. Shenyang Machine Tool Co. Ltd.

32. Global Precision Engineering Machines Market Competitive Benchmarking

33. Global Precision Engineering Machines Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Precision Engineering Machines Market

35. Precision Engineering Machines Market Future Outlook and Potential Analysis

35.1 Precision Engineering Machines Market In 2028 - Countries Offering Most New Opportunities

35.2 Precision Engineering Machines Market In 2028 - Segments Offering Most New Opportunities

35.3 Precision Engineering Machines Market In 2028 - Growth Strategies

35.3.1 Market Trend Based Strategies

35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations

36.2. Currencies

36.3. Historic And Forecast Inflation Rates

36.4. Research Inquiries

36.5. The Business Research Company

36.6. Copyright And Disclaimer

List Of Tables

Table 1: Global Historic Market Growth, 2018-2023, $ Billion

Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Table 3: Global Precision Engineering Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 4: Global Precision Engineering Machines Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 5: Global Precision Engineering Machines Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 6: Global Precision Engineering Machines Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 7: Global Precision Engineering Machines Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 8: Asia-Pacific, Precision Engineering Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 9: Asia-Pacific, Precision Engineering Machines Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 10: Asia-Pacific, Precision Engineering Machines Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 11: China, Precision Engineering Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 12: China, Precision Engineering Machines Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 13: China, Precision Engineering Machines Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 14: India, Precision Engineering Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 15: India, Precision Engineering Machines Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 16: India, Precision Engineering Machines Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 17: Japan, Precision Engineering Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 18: Japan, Precision Engineering Machines Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 19: Japan, Precision Engineering Machines Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 20: Australia, Precision Engineering Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 21: Australia, Precision Engineering Machines Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 22: Australia, Precision Engineering Machines Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 23: Indonesia, Precision Engineering Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 24: Indonesia, Precision Engineering Machines Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 25: Indonesia, Precision Engineering Machines Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 26: South Korea, Precision Engineering Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 27: South Korea, Precision Engineering Machines Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 28: South Korea, Precision Engineering Machines Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 29: Western Europe, Precision Engineering Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 30: Western Europe, Precision Engineering Machines Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 31: Western Europe, Precision Engineering Machines Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 32: UK, Precision Engineering Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 33: UK, Precision Engineering Machines Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 34: UK, Precision Engineering Machines Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 35: Germany, Precision Engineering Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 36: Germany, Precision Engineering Machines Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 37: Germany, Precision Engineering Machines Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 38: France, Precision Engineering Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 39: France, Precision Engineering Machines Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 40: France, Precision Engineering Machines Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 41: Italy, Precision Engineering Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 42: Italy, Precision Engineering Machines Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 43: Italy, Precision Engineering Machines Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 44: Spain, Precision Engineering Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 45: Spain, Precision Engineering Machines Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 46: Spain, Precision Engineering Machines Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 47: Eastern Europe, Precision Engineering Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 48: Eastern Europe, Precision Engineering Machines Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 49: Eastern Europe, Precision Engineering Machines Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 50: Russia, Precision Engineering Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 51: Russia, Precision Engineering Machines Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 52: Russia, Precision Engineering Machines Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 53: North America, Precision Engineering Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 54: North America, Precision Engineering Machines Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 55: North America, Precision Engineering Machines Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 56: USA, Precision Engineering Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 57: USA, Precision Engineering Machines Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 58: USA, Precision Engineering Machines Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 59: Canada, Precision Engineering Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 60: Canada, Precision Engineering Machines Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 61: Canada, Precision Engineering Machines Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 62: South America, Precision Engineering Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 63: South America, Precision Engineering Machines Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 64: South America, Precision Engineering Machines Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 65: Brazil, Precision Engineering Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 66: Brazil, Precision Engineering Machines Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 67: Brazil, Precision Engineering Machines Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 68: Middle East, Precision Engineering Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 69: Middle East, Precision Engineering Machines Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 70: Middle East, Precision Engineering Machines Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 71: Africa, Precision Engineering Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 72: Africa, Precision Engineering Machines Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 73: Africa, Precision Engineering Machines Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 74: Mitsubishi Electric Corporation Financial Performance

Table 75: Amera-Seiki Financial Performance

Table 76: Yamazaki Mazak Corporation Financial Performance

Table 77: Doosan Machine Tools Co. Ltd. Financial Performance

Table 78: DATRON AG Financial Performance

List Of Figures

Figure 1: Global Historic Market Growth, 2018-2023, $ Billion

Figure 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Figure 3: Global Precision Engineering Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 4: Global Precision Engineering Machines Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 5: Global Precision Engineering Machines Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 6: Global Precision Engineering Machines Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 7: Global Precision Engineering Machines Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 8: Asia-Pacific, Precision Engineering Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 9: Asia-Pacific, Precision Engineering Machines Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 10: Asia-Pacific, Precision Engineering Machines Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 11: China, Precision Engineering Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 12: China, Precision Engineering Machines Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 13: China, Precision Engineering Machines Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 14: India, Precision Engineering Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 15: India, Precision Engineering Machines Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 16: India, Precision Engineering Machines Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 17: Japan, Precision Engineering Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 18: Japan, Precision Engineering Machines Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 19: Japan, Precision Engineering Machines Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 20: Australia, Precision Engineering Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 21: Australia, Precision Engineering Machines Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 22: Australia, Precision Engineering Machines Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 23: Indonesia, Precision Engineering Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 24: Indonesia, Precision Engineering Machines Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 25: Indonesia, Precision Engineering Machines Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 26: South Korea, Precision Engineering Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 27: South Korea, Precision Engineering Machines Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 28: South Korea, Precision Engineering Machines Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 29: Western Europe, Precision Engineering Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 30: Western Europe, Precision Engineering Machines Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 31: Western Europe, Precision Engineering Machines Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 32: UK, Precision Engineering Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 33: UK, Precision Engineering Machines Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 34: UK, Precision Engineering Machines Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 35: Germany, Precision Engineering Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 36: Germany, Precision Engineering Machines Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 37: Germany, Precision Engineering Machines Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 38: France, Precision Engineering Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 39: France, Precision Engineering Machines Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 40: France, Precision Engineering Machines Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 41: Italy, Precision Engineering Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 42: Italy, Precision Engineering Machines Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 43: Italy, Precision Engineering Machines Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 44: Spain, Precision Engineering Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 45: Spain, Precision Engineering Machines Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 46: Spain, Precision Engineering Machines Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 47: Eastern Europe, Precision Engineering Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 48: Eastern Europe, Precision Engineering Machines Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 49: Eastern Europe, Precision Engineering Machines Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 50: Russia, Precision Engineering Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 51: Russia, Precision Engineering Machines Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 52: Russia, Precision Engineering Machines Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 53: North America, Precision Engineering Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 54: North America, Precision Engineering Machines Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 55: North America, Precision Engineering Machines Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 56: USA, Precision Engineering Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 57: USA, Precision Engineering Machines Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 58: USA, Precision Engineering Machines Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 59: Canada, Precision Engineering Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 60: Canada, Precision Engineering Machines Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 61: Canada, Precision Engineering Machines Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 62: South America, Precision Engineering Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 63: South America, Precision Engineering Machines Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 64: South America, Precision Engineering Machines Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 65: Brazil, Precision Engineering Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 66: Brazil, Precision Engineering Machines Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 67: Brazil, Precision Engineering Machines Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 68: Middle East, Precision Engineering Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 69: Middle East, Precision Engineering Machines Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 70: Middle East, Precision Engineering Machines Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 71: Africa, Precision Engineering Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 72: Africa, Precision Engineering Machines Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 73: Africa, Precision Engineering Machines Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 74: Mitsubishi Electric Corporation Financial Performance

Figure 75: Amera-Seiki Financial Performance

Figure 76: Yamazaki Mazak Corporation Financial Performance

Figure 77: Doosan Machine Tools Co. Ltd. Financial Performance

Figure 78: DATRON AG Financial Performance

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Frequently Asked Questions

What is the definition of the precision engineering machines market?

How will the precision engineering machines market drivers and restraints affect the precision engineering machines market dynamics? What forces will shape the precision engineering machines industry going forward?

The precision engineering machines market major growth driver - Increased Demand For Consumer Electronics Fuels Surge In Precision Engineering Machines Market. For further insights on the precision engineering machines market, request a sample here

What is the forecast market size or the forecast market value of the precision engineering machines market?

The precision engineering machines market size has grown strongly in recent years. It will grow from $13.56 billion in 2023 to $14.59 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to consumer electronics demand, quality management standards, globalization and trade, standardization efforts, automobile industry and military applications. The precision engineering machines market size is expected to see strong growth in the next few years. It will grow to $18.66 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%. The growth in the forecast period can be attributed to smart factories, high-speed machining, sustainable manufacturing practices, customization and personalization. Major trends in the forecast period include miniaturization and microfabrication, internet of things (iot) integration, robotics and collaborative automation, precision robotics, digital twin technology, hybrid machining systems and multi-axis machining. For further insights on the precision engineering machines market, request a sample here

How is the precision engineering machines market segmented?

The precision engineering machines market is segmented
1) By Type: Computer Numerical Control Machine Tools, Electrical Discharge Machining Machine Tools, Other Types
2) By Material: Plastic, Steel, Bronze, Glass, Brass, Other Materials
3) By End Use: Automotive, Non-AutomotiveFor further insights on the precision engineering machines market, request a sample here

Which region has the largest share of the precision engineering machines market? What are the other regions covered in the report?

Asia-Pacific was the largest region in the precision engineering machines market in 2023. The regions covered in the precision engineering machines market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. For further insights on the precision engineering machines market, request a sample here.

Who are the major players in the precision engineering machines market?

What are the key trends in the precision engineering machines market?

Major trend in the precision engineering machines market - A Focus On Cutting-Edge Technologies And Innovative Solutions For Precision Engineering Machines. For further insights on the precision engineering machines market, request a sample here.

What are the major opportunities in the precision engineering machines market? What are the strategies for the precision engineering machines market?

For detailed insights on the major opportunities and strategies in the precision engineering machines market, request a sample here.

How does the precision engineering machines market relate to the overall economy and other similar markets?

For detailed insights on precision engineering machines market's relation to the overall economy and other similar markets, request a sample here.

What are the latest mergers and acquisitions in the precision engineering machines industry?

For detailed insights on the mergers and acquisitions in the precision engineering machines industry, request a sample here.

What are the key dynamics influencing the precision engineering machines market growth? SWOT analysis of the precision engineering machines market.

For detailed insights on the key dynamics influencing the precision engineering machines market growth and SWOT analysis of the precision engineering machines industry, request a sample here.