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PUBLISHER: Grand View Research | PRODUCT CODE: 1301209
PUBLISHER: Grand View Research | PRODUCT CODE: 1301209
Precision Engineering Machines Market Size, Share & Trends Analysis Report By End-use (Automotive, Non-Automotive), By Region (North America, Europe, Asia Pacific, Latin America, Middle East and Africa), And Segment Forecasts, 2023 - 2030
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PAGES: 120 Pages
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Precision Engineering Machines Market Growth & Trends
The global precision engineering machines market size is expected to reach USD 22.05 billion by 2030, expanding at a CAGR of 6.8% from 2023 to 2030, according to a new study by Grand View Research, Inc. Precision engineering tools have gained popularity because of their exact accuracy as production methods become more productive and efficient. The scope of precision engineering is expanding as a result of the increasing technological capability. Precision engineering equipment makes automated procedures possible, which reduces the amount of time needed for component machining. The machines may work continuously without any manual aid or oversight once the machinist enters the codes into the computer. Industrial automated devices, such as robots, have proven to be beneficial for both discrete and continuous manufacturing in several ways. Among these benefits are raised productivity and improved production methods.
The COVID-19 outbreak caused damage to the market by stifling innovation, cutting into profitability, reducing cash flow, and throwing the economy out of balance. Numerous events had to be postponed in 2020 because of the COVID-19 epidemic, which hindered vendors from showcasing their cutting-edge products or advances. On the other hand, less skilled workers may struggle to handle precise engineering equipment, which could result in machine damage and risk the manufacturing unit's financial investments. As a result, finding qualified operators is a significant barrier to the company's expansion. The lack of qualified manufacturing workers, such as precision machines and tool and die makers, is having an impact on sectors including steel and aerospace.
Modern times have seen a rapid introduction of a wide variety of novel and innovative technology. Among this diverse and cutting-edge range, programmed automation is one of the most popular and frequently utilized technologies. The concept of machine automation has entirely transformed as a result of programmed automation's ability to execute instructions entered by a human into the systems. With the use of programmed automation found in precision engineering machines, a manufacturer is able to make several identical copies of the same product without the need for human labor.
Precision Engineering Machines Market Report Highlights
- The growth is linked to the increase in demand for autonomous vehicles, new transportation technologies, improvements in robotics, design, and manufacturing techniques, as well as the introduction of EVs in some countries
- The expansion of oil and gas industries and the use of modern machinery for precise manufacturing such as lathes and spinning machines are anticipated to drive the market growth
- The growing trend of incorporating advanced technology into products to boost machinery efficiency at drilling sites with greater depths and pressure requirements is projected to benefit the European and MEA markets
Product Code: GVR-4-68039-810-4
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Research Methodology
- 1.2. Information Procurement
- 1.2.1. Purchased database.
- 1.2.2. GVR's internal database
- 1.2.3. Secondary sources & third - party perspectives
- 1.2.4. Primary research
- 1.3. Information Analysis
- 1.3.1. Data Analysis Models
- 1.4. Market Formulation & Data Visualization
- 1.5. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Precision Engineering Machines Market Snapshot, 2022 & 2030
- 2.2. End-use Segment Snapshot, 2022 & 2030
- 2.3. Competitive Landscape Snapshot, 2022 & 2030
Chapter 3. Precision Engineering Machines Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.2. Precision Engineering Machines Market - Value Chain Analysis
- 3.3. Precision Engineering Machines Market - Market Dynamics
- 3.3.1. Market Driver Analysis
- 3.3.2. Market Restraint Analysis
- 3.3.3. Market Opportunity Analysis
- 3.4. Industry Analysis Tools
- 3.4.1. Precision Engineering Machines Market - Porter's Analysis
- 3.4.2. Precision Engineering Machines Market - PESTEL Analysis
Chapter 4. Precision Engineering Machines Market End-use Outlook
- 4.1. Precision Engineering Machines Market Share by End-use, 2022 & 2030 (USD Million)
- 4.2. Automotive
- 4.2.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 4.3. Non-Automotive
- 4.3.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 4.3.2. Aerospace & Defense
- 4.3.2.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 4.3.3. Engineering & Capital Goods
- 4.3.3.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 4.3.4. Power & Energy
- 4.3.4.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 4.3.5. Others
- 4.3.5.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
Chapter 5. Precision Engineering Machines Market: Regional Outlook
- 5.1. Precision Engineering Machines Market Share by Region, 2022 & 2030 (USD Million)
- 5.2. North America
- 5.2.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 5.2.2. Market Estimates and Forecast by End-use, 2018 - 2030 (USD Million)
- 5.2.3. U.S.
- 5.2.3.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 5.2.3.2. Market Estimates and Forecast by End-use, 2018 - 2030 (USD Million)
- 5.2.4. Canada
- 5.2.4.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 5.2.4.2. Market Estimates and Forecast by End-use, 2018 - 2030 (USD Million)
- 5.3. Europe
- 5.3.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 5.3.2. Market Estimates and Forecast by End-use, 2018 - 2030 (USD Million)
- 5.3.3. UK
- 5.3.3.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 5.3.3.2. Market Estimates and Forecast by End-use, 2018 - 2030 (USD Million)
- 5.3.4. Germany
- 5.3.4.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 5.3.4.2. Market Estimates and Forecast by End-use, 2018 - 2030 (USD Million)
- 5.3.5. France
- 5.3.5.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 5.3.5.2. Market Estimates and Forecast by End-use, 2018 - 2030 (USD Million)
- 5.3.6. Italy
- 5.3.6.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 5.3.6.2. Market Estimates and Forecast by End-use, 2018 - 2030 (USD Million)
- 5.3.7. Spain
- 5.3.7.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 5.3.7.2. Market Estimates and Forecast by End-use, 2018 - 2030 (USD Million)
- 5.4. Asia Pacific
- 5.4.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 5.4.2. Market Estimates and Forecast by End-use, 2018 - 2030 (USD Million)
- 5.4.3. China
- 5.4.3.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 5.4.3.2. Market Estimates and Forecast by End-use, 2018 - 2030 (USD Million)
- 5.4.4. India
- 5.4.4.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 5.4.4.2. Market Estimates and Forecast by End-use, 2018 - 2030 (USD Million)
- 5.4.5. Japan
- 5.4.5.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 5.4.5.2. Market Estimates and Forecast by End-use, 2018 - 2030 (USD Million)
- 5.4.6. Australia
- 5.4.6.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 5.4.6.2. Market Estimates and Forecast by End-use, 2018 - 2030 (USD Million)
- 5.4.7. South Korea
- 5.4.7.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 5.4.7.2. Market Estimates and Forecast by End-use, 2018 - 2030 (USD Million)
- 5.5. Latin America
- 5.5.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 5.5.2. Market Estimates and Forecast by End-use, 2018 - 2030 (USD Million)
- 5.5.3. Brazil
- 5.5.3.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 5.5.3.2. Market Estimates and Forecast by End-use, 2018 - 2030 (USD Million)
- 5.5.4. Mexico
- 5.5.4.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 5.5.4.2. Market Estimates and Forecast by End-use, 2018 - 2030 (USD Million)
- 5.5.5. Argentina
- 5.5.5.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 5.5.5.2. Market Estimates and Forecast by End-use, 2018 - 2030 (USD Million)
- 5.6. Middle East & Africa
- 5.6.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 5.6.2. Market Estimates and Forecast by End-use, 2018 - 2030 (USD Million)
- 5.6.3. U.A.E.
- 5.6.3.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 5.6.3.2. Market Estimates and Forecast by End-use, 2018 - 2030 (USD Million)
- 5.6.4. Saudi Arabia
- 5.6.4.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 5.6.4.2. Market Estimates and Forecast by End-use, 2018 - 2030 (USD Million)
- 5.6.5. South Africa
- 5.6.5.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 5.6.5.2. Market Estimates and Forecast by End-use, 2018 - 2030 (USD Million)
Chapter 6. Competitive Landscape
- 6.1. Company Market Ranking/Share Analysis, 2022
- 6.2. Company Heat Map Analysis
- 6.3. Strategy Mapping
- 6.4. Company Profiles (Overview, Financial Performance, End-use Overview, Strategic Initiatives)
- 6.4.1. Amada Machine Tools Co., Ltd.
- 6.4.2. Amera-Seiki
- 6.4.3. DATRON AG
- 6.4.4. Dalian Machine Tool Group (DMTG) Corporation
- 6.4.5. DMG Mori Co., Ltd.
- 6.4.6. FANUC Corporation
- 6.4.7. Haas Automation, Inc.
- 6.4.8. Hurco Companies, Inc.
- 6.4.9. Okuma Corporation
- 6.4.10. Shenyang Machine Tool Co., Ltd.
- 6.4.11. Yamazaki Mazak Corporation
Product Code: GVR-4-68039-810-4
List of Tables
- Table 1 Precision engineering machines market - Industry snapshot & key buying criteria, 2018 - 2030
- Table 2 Global precision engineering machines market, 2018 - 2030 (USD Million)
- Table 3 Global precision engineering machines market, by region, 2018 - 2030 (USD Million)
- Table 4 Global precision engineering machines market, by end-use, 2018 - 2030 (USD Million)
- Table 5 Vendor landscape
- Table 6 Automotive precision engineering machines market, 2018 - 2030 (USD Million)
- Table 7 Automotive precision engineering machines market, by region, 2018 - 2030 (USD Million)
- Table 8 Non-Automotive precision engineering machines market, 2018 - 2030 (USD Million)
- Table 9 Non-Automotive precision engineering machines market, by region, 2018 - 2030 (USD Million)
- Table 10 Aerospace & defense precision engineering machines market, 2018 - 2030 (USD Million)
- Table 11 Aerospace & defense precision engineering machines market, by region, 2018 - 2030 (USD Million)
- Table 12 Engineering & capital goods precision engineering machines market, 2018 - 2030 (USD Million)
- Table 13 Engineering & capital goods precision engineering machines market, by region, 2018 - 2030 (USD Million)
- Table 14 Power & energy precision engineering machines market, 2018 - 2030 (USD Million)
- Table 15 Power & energy precision engineering machines market, by region, 2018 - 2030 (USD Million)
- Table 16 Others precision engineering machines market, 2018 - 2030 (USD Million)
- Table 17 North America precision engineering machines market, 2018 - 2030 (USD Million)
- Table 18 North America precision engineering machines market, by end-use, 2018 - 2030 (USD Million)
- Table 19 U.S. precision engineering machines market, 2018 - 2030 (USD Million)
- Table 20 U.S. precision engineering machines market, by end-use, 2018 - 2030 (USD Million)
- Table 21 Canada precision engineering machines market, 2018 - 2030 (USD Million)
- Table 22 Canada precision engineering machines market, by end-use, 2018 - 2030 (USD Million)
- Table 23 Europe precision engineering machines market, 2018 - 2030 (USD Million)
- Table 24 Europe precision engineering machines market, by end-use, 2018 - 2030 (USD Million)
- Table 25 Germany precision engineering machines market, 2018 - 2030 (USD Million)
- Table 26 Germany precision engineering machines market, by end-use, 2018 - 2030 (USD Million)
- Table 27 UK precision engineering machines market, 2018 - 2030 (USD Million)
- Table 28 UK precision engineering machines market, by end-use, 2018 - 2030 (USD Million)
- Table 29 France precision engineering machines market, 2018 - 2030 (USD Million)
- Table 30 France precision engineering machines market, by end-use, 2018 - 2030 (USD Million)
- Table 31 Italy precision engineering machines market, 2018 - 2030 (USD Million)
- Table 32 Italy precision engineering machines market, by end-use, 2018 - 2030 (USD Million)
- Table 33 Spain precision engineering machines market, 2018 - 2030 (USD Million)
- Table 34 Spain precision engineering machines market, by end-use, 2018 - 2030 (USD Million)
- Table 35 Asia Pacific precision engineering machines market, 2018 - 2030 (USD Million)
- Table 36 Asia Pacific precision engineering machines market, by end-use, 2018 - 2030 (USD Million)
- Table 37 China precision engineering machines market, 2018 - 2030 (USD Million)
- Table 38 China precision engineering machines market, by end-use, 2018 - 2030 (USD Million)
- Table 39 India precision engineering machines market, 2018 - 2030 (USD Million)
- Table 40 India precision engineering machines market, by end-use, 2018 - 2030 (USD Million)
- Table 41 Japan precision engineering machines market, 2018 - 2030 (USD Million)
- Table 42 Japan precision engineering machines market, by end-use, 2018 - 2030 (USD Million)
- Table 43 Australia precision engineering machines market, 2018 - 2030 (USD Million)
- Table 44 Australia precision engineering machines market, by end-use, 2018 - 2030 (USD Million)
- Table 45 South Korea precision engineering machines market, 2018 - 2030 (USD Million)
- Table 46 South Korea precision engineering machines market, by end-use, 2018 - 2030 (USD Million)
- Table 47 Latin America precision engineering machines market, 2018 - 2030 (USD Million)
- Table 48 Latin America precision engineering machines market, by end-use, 2018 - 2030 (USD Million)
- Table 49 Brazil precision engineering machines market, 2018 - 2030 (USD Million)
- Table 50 Brazil precision engineering machines market, by end-use, 2018 - 2030 (USD Million)
- Table 51 Mexico precision engineering machines market, 2018 - 2030 (USD Million)
- Table 52 Mexico precision engineering machines market, by end-use, 2018 - 2030 (USD Million)
- Table 53 Argentina precision engineering machines market, 2018 - 2030 (USD Million)
- Table 54 Argentina precision engineering machines market, by end-use, 2018 - 2030 (USD Million)
- Table 55 Middle East & Africa precision engineering machines market, 2018 - 2030 (USD Million)
- Table 56 Middle East & Africa precision engineering machines market, by end-use, 2018 - 2030 (USD Million)
- Table 57 The U.A.E. precision engineering machines market, 2018 - 2030 (USD Million)
- Table 58 The U.A.E. precision engineering machines market, by end-use, 2018 - 2030 (USD Million)
- Table 59 Saudi Arabia precision engineering machines market, 2018 - 2030 (USD Million)
- Table 60 Saudi Arabia precision engineering machines market, by end-use, 2018 - 2030 (USD Million)
- Table 61 South Africa precision engineering machines market, 2018 - 2030 (USD Million)
- Table 62 South Africa precision engineering machines market, by end-use, 2018 - 2030 (USD Million)
List of Figures
- Fig. 1. Market segmentation and scope
- Fig. 2. Precision engineering machines market, 2018 - 2030 (USD Million)
- Fig. 3. Precision engineering machines market - Value chain analysis
- Fig. 4. Precision engineering machines market - Market dynamics
- Fig. 5. Precision engineering machines market - Key market driver impact
- Fig. 6. Precision engineering machines market - Key market restraint impact
- Fig. 7. Precision engineering machines market - Key opportunities prioritized.
- Fig. 8. Precision engineering machines market - Porter's five forces analysis
- Fig. 9. Precision engineering machines market - PESTEL analysis
- Fig. 10. Precision engineering machines market, by end-use, 2022
- Fig. 11. Precision engineering machines market, by region, 2022
- Fig. 12. Precision engineering machines market - Regional takeaways
- Fig. 13. North America precision engineering machines market - Key takeaways
- Fig. 14. Europe precision engineering machines market - Key takeaways
- Fig. 15. Asia Pacific precision engineering machines market - Key takeaways
- Fig. 16. Latin America precision engineering machines market - Key takeaways
- Fig. 17. Middle East & Africa precision engineering machines market - Key takeaways
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