Precision Parts Global Market Report 2024

Global Precision Parts Market Report 2024

Precision Parts Global Market Report 2024 – By Material Type (Metal, Plastic, Other Material Types), By Products (Cold Formed Microcomponents, Electroforms, Retaining Rings, Metal Stampings, Tubing Products, Spring Anchors), By Distribution Channel (Online, Offline), By End-Use Industry (Aerospace And Defense, Automotive, Electronics, Healthcare, Consumer Packaged Goods, Other End-Use Industries) – Market Size, Trends, And Global Forecast 2024-2033

Name: Precision Parts Global Market Report 2024
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Precision Parts Global Market Report 2024

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Precision Parts Global Market Report 2024

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Precision Parts Market Definition

Precision parts refer to machine components that are designed and manufactured to exact specifications with a high degree of accuracy and precision. These parts, developed using advanced machining processes, ensure the overall quality and performance of tools and equipment by maintaining accurate dimensions and tolerances.

The main types of precision parts materials are metal, plastic, and others. Metal is a fundamental material in the manufacturing of precision parts due to its inherent properties such as strength, durability, and machinability. The various product categories include cold-formed microcomponents, electroforms, retaining rings, metal stampings, tubing products, and spring anchors, which are distributed through online and offline channels. These are used by several end-use industries, such as aerospace and defense, automotive, electronics, healthcare, consumer packaged goods, and others.

Precision Parts Market Segmentation

The precision parts market covered in this report is segmented –

1) By Material Type: Metal, Plastic, Other Material Types

2) By Products: Cold Formed Microcomponents, Electroforms, Retaining Rings, Metal Stampings, Tubing Products, Spring Anchors

3) By Distribution Channel: Online, Offline

4) By End-Use Industry: Aerospace And Defense, Automotive, Electronics, Healthcare, Consumer Packaged Goods, Other End-Use Industries

Global Precision Parts Market Size 2023 to 2028: Graph

Precision Parts Market Size 2024 And Growth Rate

The precision parts market size has grown rapidly in recent years. It will grow from $191.81 billion in 2023 to $212.91 billion in 2024 at a compound annual growth rate (CAGR) of 11.0%. The growth in the historic period can be attributed to consumer electronics demand, quality management standards, globalization and trade, standardization efforts, automobile industry, military applications.

Precision Parts Market Growth Forecast

The precision parts market size is expected to see strong growth in the next few years. It will grow to $304.67 billion in 2028 at a compound annual growth rate (CAGR) of 9.4%. 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, multi-axis machining.

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Precision Parts Market Driver: Impact Of Vehicle Production On The Precision Parts Market

The increasing vehicle production is expected to propel the growth of the precision parts market going forward. Vehicle production refers to the process of manufacturing automobiles that involves assembling various components like engine parts, transmission systems, suspension systems, and braking systems to create a fully functional vehicle. Several factors contribute to the growth of vehicle production, including the growing popularity of electric vehicles, increasing demand for fleet renewal, and increasing investments in transportation infrastructure. Precision parts help vehicle production by ensuring the quality, functionality, and reliability of various components used in vehicles. These parts are designed to fit seamlessly together, reducing friction and wear and optimizing the overall efficiency of the vehicle. For instance, in May 2023, according to the European Automobile Manufacturers Association, a Belgium-based intergovernmental organization, global motor vehicle production reached 85.4 million units in 2022, marking a 5.7% increase compared to the previous year. Therefore, increasing vehicle production is driving the growth of the precision part market.

Global Precision Parts Market Major Players

Major companies operating in the precision parts market are Amera-Seiki Corporation, Doosan Machine Tools Co. Ltd., Precision Castparts Corp (PCC), Datron AG, Brother Industries Ltd., Linamar International, Martinrea International, Schuler AG, Barnes Group, Renishaw Group, INDEX-Werke GmbH & Co. KG Hahn & Tessky, Sodick Co. Ltd., Mecachrome Group, Güdel Group, Hardinge Inc., ARC Group Worldwide, Makino Milling Machine Co. Ltd., Tongtai Machine & Tool Co. Ltd., Hurco Companies Inc., Shenyang Machine Tool Co. Ltd., Shenyang Machine Tool Co. Ltd., MLOptic Corp., Precision Products Group Inc., Sigma Components, Kitamura Machinery Co. Ltd., Tessa Precision Products

Global Precision Parts Market Trend: Innovative Solutions Transforming The Precision Parts Market

Major companies operating in the precision parts market are focused on developing innovative solutions, such as precision CNC (computer numerical control) and milling machines, to increase their profitability in the market. Precision CNC and milling machinery is an advanced piece of equipment used for the precise machining of components using CNC technology. For instance, in September 2022, Loxham Precision Limited, a UK-based machine manufacturer, launched the Ultra Precision 5-axis CNC Turn-Mill machine tool, its latest innovation specifically designed to cater to the needs of companies engaged in diamond turning and micromilling processes, particularly for the production of intricate components in small to medium batch sizes. Building upon the success of previous Loxham models, this new machine incorporates key features such as compactness, nanometer-level precision, and automated tool setting. Additionally, it boasts low energy consumption, minimal environmental impact, and a cost-effective ownership model. With enhanced CAM (Computer-aided manufacturing) manufacturing capabilities, the new Loxham machine offers unparalleled ease of use, ensuring seamless integration into existing manufacturing processes.

Precision Parts Market Merger And Acquisition: Deilh Defense Acquires Allweier To Bolster Strategic Position In The Defense Market

In January 2024, Deilh Defense, a Germany-based weapon manufacturer, acquired Allweier for an undisclosed amount. Through this acquisition, Deilh Defense aimed to leverage synergies, enhance capabilities, and drive strategic growth in the highly competitive defense market. Allweier GmbH is a Germany-based manufacturing company specializing in high-precision parts for industrial sectors.

Regional Insights For The Global Precision Parts Market

North America was the largest region in the precision parts market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the precision parts market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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

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

Precision Parts Market Report Forecast and Analysis

Report Attribute	Details
Market Size Value In 2024	$212.91 billion
Revenue Forecast In 2033	$304.67 billion
Growth Rate	CAGR of 9.4% 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 Material Type: Metal, Plastic, Other Material Types 2) By Products: Cold Formed Microcomponents, Electroforms, Retaining Rings, Metal Stampings, Tubing Products, Spring Anchors 3) By Distribution Channel: Online, Offline 4) By End-Use Industry: Aerospace And Defense, Automotive, Electronics, Healthcare, Consumer Packaged Goods, Other End-Use Industries
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	Amera-Seiki Corporation; Doosan Machine Tools Co. Ltd.; Precision Castparts Corp (PCC); Datron AG; Brother Industries Ltd.; Linamar International; Martinrea International; Schuler AG; Barnes Group; Renishaw Group; INDEX-Werke GmbH & Co. KG Hahn & Tessky; Sodick Co. Ltd.; Mecachrome Group; Güdel Group; Hardinge Inc.; ARC Group Worldwide; Makino Milling Machine Co. Ltd.; Tongtai Machine & Tool Co. Ltd.; Hurco Companies Inc.; Shenyang Machine Tool Co. Ltd.; Shenyang Machine Tool Co. Ltd.; MLOptic Corp.; Precision Products Group Inc.; Sigma Components; Kitamura Machinery Co. Ltd.; Tessa Precision Products
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1. Executive Summary

2. Precision Parts Market Characteristics

3. Precision Parts Market Trends And Strategies

4. Precision Parts 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 Parts Market Size and Growth

5.1. Global Precision Parts Market Drivers and Restraints

5.1.1. Drivers Of The Market

5.1.2. Restraints Of The Market

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

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

6. Precision Parts Market Segmentation

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

Metal

Plastic

Other Material Types

6.2. Global Precision Parts Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Cold Formed Microcomponents

Electroforms

Retaining Rings

Metal Stampings

Tubing Products

Spring Anchors

6.3. Global Precision Parts Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Online

Offline

6.4. Global Precision Parts Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Aerospace And Defense

Automotive

Electronics

Healthcare

Consumer Packaged Goods

Other End-Use Industries

7. Precision Parts Market Regional And Country Analysis

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

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

8. Asia-Pacific Precision Parts Market

8.1. Asia-Pacific Precision Parts 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 Parts Market, Segmentation By Material Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

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

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

9. China Precision Parts Market

9.1. China Precision Parts Market Overview

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

9.3. China Precision Parts Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

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

10. India Precision Parts Market

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

10.2. India Precision Parts Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

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

11. Japan Precision Parts Market

11.1. Japan Precision Parts Market Overview

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

11.3. Japan Precision Parts Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

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

12. Australia Precision Parts Market

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

12.2. Australia Precision Parts Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

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

13. Indonesia Precision Parts Market

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

13.2. Indonesia Precision Parts Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

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

14. South Korea Precision Parts Market

14.1. South Korea Precision Parts Market Overview

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

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

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

15. Western Europe Precision Parts Market

15.1. Western Europe Precision Parts Market Overview

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

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

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

16. UK Precision Parts Market

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

16.2. UK Precision Parts Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

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

17. Germany Precision Parts Market

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

17.2. Germany Precision Parts Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

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

18. France Precision Parts Market

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

18.2. France Precision Parts Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

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

19. Italy Precision Parts Market

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

19.2. Italy Precision Parts Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

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

20. Spain Precision Parts Market

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

20.2. Spain Precision Parts Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

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

21. Eastern Europe Precision Parts Market

21.1. Eastern Europe Precision Parts Market Overview

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

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

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

22. Russia Precision Parts Market

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

22.2. Russia Precision Parts Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

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

23. North America Precision Parts Market

23.1. North America Precision Parts Market Overview

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

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

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

24. USA Precision Parts Market

24.1. USA Precision Parts Market Overview

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

24.3. USA Precision Parts Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

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

25. Canada Precision Parts Market

25.1. Canada Precision Parts Market Overview

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

25.3. Canada Precision Parts Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

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

26. South America Precision Parts Market

26.1. South America Precision Parts Market Overview

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

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

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

27. Brazil Precision Parts Market

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

27.2. Brazil Precision Parts Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

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

28. Middle East Precision Parts Market

28.1. Middle East Precision Parts Market Overview

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

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

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

29. Africa Precision Parts Market

29.1. Africa Precision Parts Market Overview

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

29.3. Africa Precision Parts Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

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

30. Precision Parts Market Competitive Landscape And Company Profiles

30.1. Precision Parts Market Competitive Landscape

30.2. Precision Parts Market Company Profiles

30.2.1. Amera-Seiki 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. Doosan Machine Tools Co. Ltd.

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. Precision Castparts Corp (PCC)

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. Datron AG

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. Brother Industries Ltd.

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 Parts Market Other Major And Innovative Companies

31.1. Linamar International

31.2. Martinrea International

31.3. Schuler AG

31.4. Barnes Group

31.5. Renishaw Group

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

31.7. Sodick Co. Ltd.

31.8. Mecachrome Group

31.9. Güdel Group

31.10. Hardinge Inc.

31.11. ARC Group Worldwide

31.12. Makino Milling Machine Co. Ltd.

31.13. Tongtai Machine & Tool Co. Ltd.

31.14. Hurco Companies Inc.

31.15. Shenyang Machine Tool Co. Ltd.

32. Global Precision Parts Market Competitive Benchmarking

33. Global Precision Parts Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Precision Parts Market

35. Precision Parts Market Future Outlook and Potential Analysis

35.1 Precision Parts Market In 2028 - Countries Offering Most New Opportunities

35.2 Precision Parts Market In 2028 - Segments Offering Most New Opportunities

35.3 Precision Parts 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 Parts Market, Segmentation By Material Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

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

Table 5: Global Precision Parts Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 6: Global Precision Parts Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

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

Table 8: Global Precision Parts Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

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

Table 10: Asia-Pacific, Precision Parts Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 11: Asia-Pacific, Precision Parts Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

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

Table 13: China, Precision Parts Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 14: China, Precision Parts Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

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

Table 16: India, Precision Parts Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 17: India, Precision Parts Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

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

Table 19: Japan, Precision Parts Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 20: Japan, Precision Parts Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

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

Table 22: Australia, Precision Parts Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 23: Australia, Precision Parts Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

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

Table 25: Indonesia, Precision Parts Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 26: Indonesia, Precision Parts Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

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

Table 28: South Korea, Precision Parts Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 29: South Korea, Precision Parts Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

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

Table 31: Western Europe, Precision Parts Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 32: Western Europe, Precision Parts Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

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

Table 34: UK, Precision Parts Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 35: UK, Precision Parts Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

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

Table 37: Germany, Precision Parts Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 38: Germany, Precision Parts Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

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

Table 40: France, Precision Parts Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 41: France, Precision Parts Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

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

Table 43: Italy, Precision Parts Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 44: Italy, Precision Parts Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

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

Table 46: Spain, Precision Parts Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 47: Spain, Precision Parts Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

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

Table 49: Eastern Europe, Precision Parts Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 50: Eastern Europe, Precision Parts Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

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

Table 52: Russia, Precision Parts Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 53: Russia, Precision Parts Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

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

Table 55: North America, Precision Parts Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 56: North America, Precision Parts Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

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

Table 58: USA, Precision Parts Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 59: USA, Precision Parts Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

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

Table 61: Canada, Precision Parts Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 62: Canada, Precision Parts Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

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

Table 64: South America, Precision Parts Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 65: South America, Precision Parts Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

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

Table 67: Brazil, Precision Parts Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 68: Brazil, Precision Parts Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

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

Table 70: Middle East, Precision Parts Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 71: Middle East, Precision Parts Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

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

Table 73: Africa, Precision Parts Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 74: Africa, Precision Parts Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 75: Amera-Seiki Corporation Financial Performance

Table 76: Doosan Machine Tools Co. Ltd. Financial Performance

Table 77: Precision Castparts Corp (PCC) Financial Performance

Table 78: Datron AG Financial Performance

Table 79: Brother Industries Ltd. 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 Parts Market, Segmentation By Material Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

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

Figure 5: Global Precision Parts Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 6: Global Precision Parts Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

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

Figure 8: Global Precision Parts Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

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

Figure 10: Asia-Pacific, Precision Parts Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 11: Asia-Pacific, Precision Parts Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

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

Figure 13: China, Precision Parts Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 14: China, Precision Parts Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

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

Figure 16: India, Precision Parts Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 17: India, Precision Parts Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

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

Figure 19: Japan, Precision Parts Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 20: Japan, Precision Parts Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

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

Figure 22: Australia, Precision Parts Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 23: Australia, Precision Parts Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

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

Figure 25: Indonesia, Precision Parts Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 26: Indonesia, Precision Parts Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

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

Figure 28: South Korea, Precision Parts Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 29: South Korea, Precision Parts Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

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

Figure 31: Western Europe, Precision Parts Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 32: Western Europe, Precision Parts Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

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

Figure 34: UK, Precision Parts Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 35: UK, Precision Parts Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

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

Figure 37: Germany, Precision Parts Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 38: Germany, Precision Parts Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

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

Figure 40: France, Precision Parts Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 41: France, Precision Parts Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

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

Figure 43: Italy, Precision Parts Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 44: Italy, Precision Parts Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

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

Figure 46: Spain, Precision Parts Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 47: Spain, Precision Parts Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

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

Figure 49: Eastern Europe, Precision Parts Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 50: Eastern Europe, Precision Parts Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

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

Figure 52: Russia, Precision Parts Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 53: Russia, Precision Parts Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

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

Figure 55: North America, Precision Parts Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 56: North America, Precision Parts Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

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

Figure 58: USA, Precision Parts Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 59: USA, Precision Parts Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

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

Figure 61: Canada, Precision Parts Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 62: Canada, Precision Parts Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

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

Figure 64: South America, Precision Parts Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 65: South America, Precision Parts Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

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

Figure 67: Brazil, Precision Parts Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 68: Brazil, Precision Parts Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

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

Figure 70: Middle East, Precision Parts Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 71: Middle East, Precision Parts Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

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

Figure 73: Africa, Precision Parts Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 74: Africa, Precision Parts Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 75: Amera-Seiki Corporation Financial Performance

Figure 76: Doosan Machine Tools Co. Ltd. Financial Performance

Figure 77: Precision Castparts Corp (PCC) Financial Performance

Figure 78: Datron AG Financial Performance

Figure 79: Brother Industries Ltd. Financial Performance

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Frequently Asked Questions

What is the definition of the precision parts market?

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

The precision parts market major growth driver - Impact Of Vehicle Production On The Precision Parts Market. For further insights on the precision parts market, request a sample here

What is the forecast market size or the forecast market value of the precision parts market?

The precision parts market size has grown rapidly in recent years. It will grow from $191.81 billion in 2023 to $212.91 billion in 2024 at a compound annual growth rate (CAGR) of 11.0%. The growth in the historic period can be attributed to consumer electronics demand, quality management standards, globalization and trade, standardization efforts, automobile industry, military applications. The precision parts market size is expected to see strong growth in the next few years. It will grow to $304.67 billion in 2028 at a compound annual growth rate (CAGR) of 9.4%. 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, multi-axis machining. For further insights on the precision parts market, request a sample here

How is the precision parts market segmented?

The precision parts market is segmented
1) By Material Type: Metal, Plastic, Other Material Types
2) By Products: Cold Formed Microcomponents, Electroforms, Retaining Rings, Metal Stampings, Tubing Products, Spring Anchors
3) By Distribution Channel: Online, Offline
4) By End-Use Industry: Aerospace And Defense, Automotive, Electronics, Healthcare, Consumer Packaged Goods, Other End-Use IndustriesFor further insights on the precision parts market, request a sample here

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

North America was the largest region in the precision parts market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the precision parts market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. For further insights on the precision parts market, request a sample here.

Who are the major players in the precision parts market?

What are the key trends in the precision parts market?

Major trend in the precision parts market - Innovative Solutions Transforming The Precision Parts Market. For further insights on the precision parts market, request a sample here.

What are the major opportunities in the precision parts market? What are the strategies for the precision parts market?

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

For detailed insights on precision parts 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 parts industry?

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

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

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