Precision machining is the process wherein raw material is removed from an object to create a smaller, finished product utilizing cutting machines, software applications, and human engineering to meet very exacting specifications.
This report contains market size and forecasts of Precision Machining in Global, including the following market information:
Global Precision Machining Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Precision Machining market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Milling Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Precision Machining include MNB Precision, Nidec Corporation, Sanmina, Ascentec, Swiss Precision Machining, Elcon Precision, Oberg Industries and Gemini Group, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Precision Machining companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Precision Machining Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Precision Machining Market Segment Percentages, by Type, 2021 (%)
Milling
Turning
Electrical Discharge Machining
Global Precision Machining Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Precision Machining Market Segment Percentages, by Application, 2021 (%)
Automobile
Optics
Medicine and Biotechnology
Mechanical
Electronics and Semiconductors
Aerospace and Defense
Others
Global Precision Machining Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Precision Machining Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Precision Machining revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Precision Machining revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
MNB Precision
Nidec Corporation
Sanmina
Ascentec
Swiss Precision Machining
Elcon Precision
Oberg Industries
Gemini Group