Precision Engineering Machines Market, By Type (EDM Machine Tools and CNC Machine Tools), By End-use (Automotive and Non-Automotive), By Country, and By Region - Industry Analysis, Market Size, Market Share & Forecast from 2023-2030
REPORT HIGHLIGHT
Precision Engineering Machines Market size was valued at USD 12,712 Million in 2022, expanding at a CAGR of 6.7% from 2023 to 2030.
Advanced mechanical devices known as precision engineering machines have applications in several sectors, including aerospace, automotive, electronics, and medical equipment. These innovative machines offer remarkable accuracy and reproducibility because of their high-precision actuators, sensors, and CNC systems.
Precision Engineering Machines Market- Market Dynamics
- Minimizes the production\'s downtime drives market expansion
Traditional manufacturing methods take a long time since they are conducted by people and are thus slower than the automated production process. Precision engineering machines enable the company to increase the number of units produced in a given amount of time while also speeding up the manufacturing of products. Precision engineering machines use automation, allowing the producer to exploit the instrument by producing a substantial number of product units in a shorter turnaround time with higher and improved precision as compared to the traditional production method. Thus, these benefits are expected to propel the precision engineering machines market over the projected period.
Precision Engineering Machines Market- Key Insights
- As per the analysis shared by our research analyst, the global Precision Engineering Machines market is estimated to grow annually at a CAGR of around 6.7% over the forecast period (2023-2030)
- The Precision Engineering Machines industry is projected to grow at a significant rate due to the increasing automation in the manufacturing
- Based on type segmentation, the CNC Machine Tools segment is expected to hold the largest market share during the forecast period
- Based on end-use segmentation, the automotive segment is expected to capture a substantial market share during the forecast period
- Based on region, Europe is expected to dominate the market during the forecast period
Precision Engineering Machines Market- Segmentation Analysis:
The Global Precision Engineering Machines Market is segmented based on Type, End-use, and Region.
Based on the type, the market is bifurcated into EDM Machine Tools, CNC Machine Tools and Others. The CNC Machine Tools segment is expected to hold the largest market share during the forecast period. The improved automation, accuracy, and variety that CNC machine tools provide to production processes fuel demand for them across a wide range of sectors.
Based on the end-use, the industry is segmented into Automotive and Non-Automotive. The automotive segment is expected to capture a substantial market share during the forecast period. The need for lightweight and fuel-efficient cars is growing, and the automotive industry is always changing. The precise and accurate fabrication of intricate automobile components, including engine parts, transmission systems, chassis components, and electrical systems, is largely dependent on precision engineering machinery. The demand for sophisticated precision engineering machinery that can manufacture the complex and accurate parts needed for these cutting-edge automotive technologies is being driven by developments in autonomous driving systems and electric vehicle technology.
Precision Engineering Machines Market- Geographical Insights
Geographically, this market is widespread in the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business. Europe is expected to dominate the market during the forecast period. China is the world\'s largest battery manufacturer, which accounts for its leading share of the market. The region is renowned for producing high-quality precision engineering goods and has a robust industrial base. Advanced and accurate manufacturing solutions are required by the region\'s sectors, which include electronics, aircraft, and automobiles. Precision engineering machinery usage in Europe is being propelled by an increasing emphasis on automation and industry 4.0 efforts. Furthermore, firms are being pushed to invest in modern manufacturing technology, such as precision engineering equipment, by the region\'s emphasis on sustainability and energy efficiency. Furthermore, encouraging government regulations, R&D initiatives, and partnerships between business and academic institutions are anticipated to propel the European precision engineering machine market\'s expansion.
Precision Engineering Machines Market- Competitive Landscape:
Precision Engineering Machines are subject to intense competition in the market due to the existence of large producers in the sector. To increase their market share, manufacturers are using several strategies, including capacity expansion and mergers and acquisitions, which will help them reach new target markets. Investment firms are being enticed to invest in and purchase shares in businesses that are a component of the battery market\'s value chain by the market\'s expansion. The key players are DATRON AG, Amada Machine Tools Co. Ltd., Dalian Machine Tool Group (DMTG) Corporation, DMG Mori Co. Ltd., Amera-Seiki, Haas Automation, Inc., FANUC Corporation, Hurco Companies, Inc., Shenyang Machine Tool Co. Ltd., Yamazaki Mazak Corporation and Okuma Corporation among others.
Recent Developments:
- In January 2022, Germany\'s Balu Forge Industries Ltd (BFIL) purchased the Mercedes-Benz Truck Factory\'s Precision Machining division. The purchase will solidify BFIL\'s standing as a world leader in precision manufacturing and be integrated into the company\'s brand-new machining facilities in Belgaum, Karnataka. Crankshafts and other precision machined parts for original equipment manufacturers of class 7 and class 8 trucks and heavy-duty vehicles will be produced by BFIL as a result of the expansion.
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL PRECISION ENGINEERING MACHINES MARKET KEY PLAYERS
- DATRON AG
- Amada Machine Tools Co. Ltd.
- Dalian Machine Tool Group (DMTG) Corporation
- DMG Mori Co. Ltd.
- Amera-Seiki
- Haas Automation, Inc.
- FANUC Corporation
- Hurco Companies, Inc.
- Shenyang Machine Tool Co. Ltd.
- Yamazaki Mazak Corporation
- Okuma Corporation
GLOBAL PRECISION ENGINEERING MACHINES MARKET, BY TYPE
- EDM Machine Tools
- CNC Machine Tools
- Others
GLOBAL PRECISION ENGINEERING MACHINES MARKET, BY END-USE
- Automotive
- Non-Automotive
GLOBAL PRECISION ENGINEERING MACHINES MARKET, BY REGION
- North America
- The U.S.
- Canada
- Europe
- Germany
- France
- Italy
- Spain
- United Kingdom
- Russia
- Netherlands
- Sweden
- Poland
- Rest of Europe
- Asia Pacific
- India
- China
- South Korea
- Japan
- Australia
- Thailand
- Indonesia
- Philippines
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Rest of LATAM
- The Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Israel
- Turkey
- Algeria
- Egypt
- Rest of MEA
TABLE OF CONTENT
1. Precision Engineering Machines Market Overview
1.1. Study Scope
1.2. Market Estimation Years
2. Executive Summary
2.1. Market Snippet
2.1.1. Precision Engineering Machines Market Snippet by Type
2.1.2. Precision Engineering Machines Market Snippet by End-use
2.1.3. Precision Engineering Machines Market Snippet by Country
2.1.4. Precision Engineering Machines Market Snippet by Region
2.2. Competitive Insights
3. Precision Engineering Machines Key Market Trends
3.1. Precision Engineering Machines Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Precision Engineering Machines Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Precision Engineering Machines Market Opportunities
3.4. Precision Engineering Machines Market Future Trends
4. Precision Engineering Machines Industry Study
4.1. PEST Analysis
4.2. Porter’s Five Forces Analysis
4.3. Growth Prospect Mapping
4.4. Regulatory Framework Analysis
5. Precision Engineering Machines Market: COVID-19 Impact Analysis
5.1. Pre-COVID-19 Impact Analysis
5.2. Post-COVID-19 Impact Analysis
5.2.1. Top Performing Segments
5.2.2. Marginal Growth Segments
5.2.3. Top Looser Segments
5.2.4. Marginal Loss Segments
6. Precision Engineering Machines Market Landscape
6.1. Precision Engineering Machines Market Share Analysis, 2022
6.2. Breakdown Data, by Key Manufacturer
6.2.1. Established Players’ Analysis
6.2.2. Emerging Players’ Analysis
7. Precision Engineering Machines Market – By Type
7.1. Overview
7.1.1. Segment Share Analysis, By Type, 2022 & 2030 (%)
7.1.2. EDM Machine Tools
7.1.3. CNC Machine Tools
7.1.4. Others
8. Precision Engineering Machines Market – By End-use
8.1. Overview
8.1.1. Segment Share Analysis, By End-use, 2022 & 2030 (%)
8.1.2. Automotive
8.1.3. Non-Automotive
9. Precision Engineering Machines Market– By Geography
9.1. Introduction
9.1.1. Segment Share Analysis, By Geography, 2022 & 2030 (%)
9.2. North America
9.2.1. Overview
9.2.2. Precision Engineering Machines Key Manufacturers in North America
9.2.3. North America Market Size and Forecast, By Country, 2018 - 2030 (US$ Million)
9.2.4. North America Market Size and Forecast, By Type, 2018 - 2030 (US$ Million)
9.2.5. North America Market Size and Forecast, By End-use, 2018 - 2030 (US$ Million)
9.2.6. U.S.
9.2.6.1. Overview
9.2.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.2.6.3. U.S. Market Size and Forecast, By Type, 2018 - 2030 (US$ Million)
9.2.6.4. U.S. Market Size and Forecast, By End-use, 2018 - 2030 (US$ Million)
9.2.7. Canada
9.2.7.1. Overview
9.2.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.2.7.3. Canada Market Size and Forecast, By Type, 2018 - 2030 (US$ Million)
9.2.7.4. Canada Market Size and Forecast, By End-use, 2018 - 2030 (US$ Million)
9.3. Europe
9.3.1. Overview
9.3.2. Precision Engineering Machines Key Manufacturers in Europe
9.3.3. Europe Market Size and Forecast, By Country, 2018 - 2030 (US$ Million)
9.3.4. Europe Market Size and Forecast, By Type, 2018 - 2030 (US$ Million)
9.3.5. Europe Market Size and Forecast, By End-use, 2018 - 2030 (US$ Million)
9.3.6. Germany
9.3.6.1. Overview
9.3.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.3.6.3. Germany Market Size and Forecast, By Type, 2018 - 2030 (US$ Million)
9.3.6.4. Germany Market Size and Forecast, By End-use, 2018 - 2030 (US$ Million)
9.3.7. Italy
9.3.7.1. Overview
9.3.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.3.7.3. Italy Market Size and Forecast, By Type, 2018 - 2030 (US$ Million)
9.3.7.4. Italy Market Size and Forecast, By End-use, 2018 - 2030 (US$ Million)
9.3.8. United Kingdom
9.3.8.1. Overview
9.3.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.3.8.3. United Kingdom Market Size and Forecast, By Type, 2018 - 2030 (US$ Million)
9.3.8.4. United Kingdom Market Size and Forecast, By End-use, 2018 - 2030 (US$ Million)
9.3.9. France
9.3.9.1. Overview
9.3.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.3.9.3. France Market Size and Forecast, By Type, 2018 - 2030 (US$ Million)
9.3.9.4. France Market Size and Forecast, By End-use, 2018 - 2030 (US$ Million)
9.3.10. Russia
9.3.10.1. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.3.10.2. Russia Market Size and Forecast, By Type, 2018 - 2030 (US$ Million)
9.3.10.3. Russia Market Size and Forecast, By End-use, 2018 - 2030 (US$ Million)
9.3.11. Netherlands
9.3.11.1. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.3.11.2. Netherlands Market Size and Forecast, By Type, 2018 - 2030 (US$ Million)
9.3.11.3. Netherlands Market Size and Forecast, By End-use, 2018 - 2030 (US$ Million)
9.3.12. Sweden
9.3.12.1. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.3.12.2. Sweden Market Size and Forecast, By Type, 2018 - 2030 (US$ Million)
9.3.12.3. Sweden Market Size and Forecast, By End-use, 2018 - 2030 (US$ Million)
9.3.13. Poland
9.3.13.1. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.3.13.2. Poland Market Size and Forecast, By Type, 2018 - 2030 (US$ Million)
9.3.13.3. Poland Market Size and Forecast, By End-use, 2018 - 2030 (US$ Million)
9.3.14. Rest of Europe
9.3.14.1. Overview
9.3.14.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.3.14.3. Rest of the Europe Market Size and Forecast, By Type, 2018 - 2030 (US$ Million)
9.3.14.4. Rest of the Europe Market Size and Forecast, By End-use, 2018 - 2030 (US$ Million)
9.4. Asia Pacific (APAC)
9.4.1. Overview
9.4.2. Precision Engineering Machines Key Manufacturers in Asia Pacific
9.4.3. Asia Pacific Market Size and Forecast, By Country, 2018 - 2030 (US$ Million)
9.4.4. Asia Pacific Market Size and Forecast, By Type, 2018 - 2030 (US$ Million)
9.4.5. Asia Pacific Market Size and Forecast, By End-use, 2018 - 2030 (US$ Million)
9.4.6. India
9.4.6.1. Overview
9.4.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.4.6.3. India Market Size and Forecast, By Type, 2018 - 2030 (US$ Million)
9.4.6.4. India Market Size and Forecast, By End-use, 2018 - 2030 (US$ Million)
9.4.7. China
9.4.7.1. Overview
9.4.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.4.7.3. China Market Size and Forecast, By Type, 2018 - 2030 (US$ Million)
9.4.7.4. China Market Size and Forecast, By End-use, 2018 - 2030 (US$ Million)
9.4.8. Japan
9.4.8.1. Overview
9.4.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.4.8.3. Japan Market Size and Forecast, By Type, 2018 - 2030 (US$ Million)
9.4.8.4. Japan Market Size and Forecast, By End-use, 2018 - 2030 (US$ Million)
9.4.9. South Korea
9.4.9.1. Overview
9.4.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.4.9.3. South Korea Market Size and Forecast, By Type, 2018 - 2030 (US$ Million)
9.4.9.4. South Korea Market Size and Forecast, By End-use, 2018 - 2030 (US$ Million)
9.4.10. Australia
9.4.10.1. Overview
9.4.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.4.10.3. Australia Market Size and Forecast, By Type, 2018 - 2030 (US$ Million)
9.4.10.4. Australia Market Size and Forecast, By End-use, 2018 - 2030 (US$ Million)
9.4.11. Thailand
9.4.11.1. Overview
9.4.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.4.11.3. Thailand Market Size and Forecast, By Type, 2018 - 2030 (US$ Million)
9.4.11.4. Thailand Market Size and Forecast, By End-use, 2018 - 2030 (US$ Million)
9.4.12. Indonesia
9.4.12.1. Overview
9.4.12.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.4.12.3. Indonesia Market Size and Forecast, By Type, 2018 - 2030 (US$ Million)
9.4.12.4. Indonesia Market Size and Forecast, By End-use, 2018 - 2030 (US$ Million)
9.4.13. Philippines
9.4.13.1. Overview
9.4.13.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.4.13.3. Philippines Market Size and Forecast, By Type, 2018 - 2030 (US$ Million)
9.4.13.4. Philippines Market Size and Forecast, By End-use, 2018 - 2030 (US$ Million)
9.4.14. Rest of APAC
9.4.14.1. Overview
9.4.14.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.4.14.3. Rest of APAC Market Size and Forecast, By Type, 2018 - 2030 (US$ Million)
9.4.14.4. Rest of APAC Market Size and Forecast, By End-use, 2018 - 2030 (US$ Million)
9.5. Latin America
9.5.1. Overview
9.5.2. Precision Engineering Machines Key Manufacturers in Latin America
9.5.3. Latin America Market Size and Forecast, By Country, 2018 - 2030 (US$ Million)
9.5.4. Latin America Market Size and Forecast, By Type, 2018 - 2030 (US$ Million)
9.5.5. Latin America Market Size and Forecast, By End-use, 2018 - 2030 (US$ Million)
9.5.6. Brazil
9.5.6.1. Overview
9.5.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.5.6.3. Brazil Market Size and Forecast, By Type, 2018 - 2030 (US$ Million)
9.5.6.4. Brazil Market Size and Forecast, By End-use, 2018 - 2030 (US$ Million)
9.5.7. Mexico
9.5.7.1. Overview
9.5.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.5.7.3. Mexico Market Size and Forecast, By Type, 2018 - 2030 (US$ Million)
9.5.7.4. Mexico Market Size and Forecast, By End-use, 2018 - 2030 (US$ Million)
9.5.8. Argentina
9.5.8.1. Overview
9.5.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.5.8.3. Argentina Market Size and Forecast, By Type, 2018 - 2030 (US$ Million)
9.5.8.4. Argentina Market Size and Forecast, By End-use, 2018 - 2030 (US$ Million)
9.5.9. Colombia
9.5.9.1. Overview
9.5.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.5.9.3. Colombia Market Size and Forecast, By Type, 2018 - 2030 (US$ Million)
9.5.9.4. Colombia Market Size and Forecast, By End-use, 2018 - 2030 (US$ Million)
9.5.10. Rest of LATAM
9.5.10.1. Overview
9.5.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.5.10.3. Rest of LATAM Market Size and Forecast, By Type, 2018 - 2030 (US$ Million)
9.5.10.4. Rest of LATAM Market Size and Forecast, By End-use, 2018 - 2030 (US$ Million)
9.6. Middle East and Africa
9.6.1. Overview
9.6.2. Precision Engineering Machines Key Manufacturers in Middle East and Africa
9.6.3. Middle East and Africa Market Size and Forecast, By Country, 2018 - 2030 (US$ Million)
9.6.4. Middle East and Africa Market Size and Forecast, By Type, 2018 - 2030 (US$ Million)
9.6.5. Middle East and Africa Market Size and Forecast, By End-use, 2018 - 2030 (US$ Million)
9.6.6. Saudi Arabia
9.6.6.1. Overview
9.6.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.6.6.3. Saudi Arabia Market Size and Forecast, By Type, 2018 - 2030 (US$ Million)
9.6.6.4. Saudi Arabia Market Size and Forecast, By End-use, 2018 - 2030 (US$ Million)
9.6.7. United Arab Emirates
9.6.7.1. Overview
9.6.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.6.7.3. United Arab Emirates Market Size and Forecast, By Type, 2018 - 2030 (US$ Million)
9.6.7.4. United Arab Emirates Market Size and Forecast, By End-use, 2018 - 2030 (US$ Million)
9.6.8. Israel
9.6.8.1. Overview
9.6.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.6.8.3. Israel Market Size and Forecast, By Type, 2018 - 2030 (US$ Million)
9.6.8.4. Israel Market Size and Forecast, By End-use, 2018 - 2030 (US$ Million)
9.6.9. Turkey
9.6.9.1. Overview
9.6.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.6.9.3. Turkey Market Size and Forecast, By Type, 2018 - 2030 (US$ Million)
9.6.9.4. Turkey Market Size and Forecast, By End-use, 2018 - 2030 (US$ Million)
9.6.10. Algeria
9.6.10.1. Overview
9.6.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.6.10.3. Algeria Market Size and Forecast, By Type, 2018 - 2030 (US$ Million)
9.6.10.4. Algeria Market Size and Forecast, By End-use, 2018 - 2030 (US$ Million)
9.6.11. Egypt
9.6.11.1. Overview
9.6.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.6.11.3. Egypt Market Size and Forecast, By Type, 2018 - 2030 (US$ Million)
9.6.11.4. Egypt Market Size and Forecast, By End-use, 2018 - 2030 (US$ Million)
9.6.12. Rest of MEA
9.6.12.1. Overview
9.6.12.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.6.12.3. Rest of MEA Market Size and Forecast, By Type, 2018 - 2030 (US$ Million)
9.6.12.4. Rest of MEA Market Size and Forecast, By End-use, 2018 - 2030 (US$ Million)
10. Key Vendor Analysis- Precision Engineering Machines Industry
10.1. Competitive Dashboard
10.2. Company Profiles
10.2.1. DATRON AG
10.2.2. Amada Machine Tools Co. Ltd.
10.2.3. Dalian Machine Tool Group (DMTG) Corporation
10.2.4. DMG Mori Co. Ltd.
10.2.5. Amera-Seiki
10.2.6. Haas Automation, Inc.
10.2.7. FANUC Corporation
10.2.8. Hurco Companies, Inc.
10.2.9. Shenyang Machine Tool Co. Ltd.
10.2.10. Yamazaki Mazak Corporation
10.2.11. Okuma Corporation
11. 360 Degree Analyst View
12. Appendix
12.1. Research Methodology
12.2. References
12.3. Abbreviations
12.4. Disclaimer
12.5. Contact Us
