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

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Description Table Of Contents Tables & Figures Market Insights Related Reports

Precision Parts Market Definition And Segments

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.

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

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.

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.

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

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.

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.

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 Scope
Report AttributeDetails
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 Australia; China; India; Indonesia; Japan; South Korea; Bangladesh; Thailand; Vietnam; Malaysia; Singapore; Philippines; Hong Kong; New Zealand; USA; Canada; Mexico; Brazil; Chile; Argentina; Colombia; Peru; France; Germany; UK; Austria; Belgium; Denmark; Finland; Ireland; Italy; Netherlands; Norway; Portugal; Spain; Sweden; Switzerland; Russia; 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
Customization ScopeRequest for Sample
Pricing And Purchase OptionsExplore Purchase Options

    Table Of Contents

    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?

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. For further insights on the precision parts market, request a sample here

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?

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 For further insights on the precision parts market, request a sample here.

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?

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

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.