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Global Precision Machining Market Research Report 2024
Published Date: June 2024
|
Report Code: QYRE-Auto-38M5687
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Global Precision Machining Market Size Status and Forecast 2021 2027
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Global Precision Machining Market Research Report 2024

Code: QYRE-Auto-38M5687
Report
June 2024
Pages:71
QYResearch
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DESCRIPTION
TABLE OF CONTENT
TABLES & FIGURES

Precision Machining Market

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.
The global Precision Machining market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during the forecast period 2024-2030.
North American market for Precision Machining is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
Asia-Pacific market for Precision Machining is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
The global market for Precision Machining in Automobile is estimated to increase from $ million in 2023 to $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
The major global companies of Precision Machining include MNB Precision, Nidec Corporation, Sanmina, Ascentec, Swiss Precision Machining, Elcon Precision, Oberg Industries and Gemini Group, etc. In 2023, the world's top three vendors accounted for approximately % of the revenue.
This report aims to provide a comprehensive presentation of the global market for Precision Machining, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Precision Machining.

Report Scope

The Precision Machining market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Precision Machining market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Precision Machining companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation

Scope of Precision Machining Market Report

Report Metric Details
Report Name Precision Machining Market
Segment by Type
  • Milling
  • Turning
  • Electrical Discharge Machining
Segment by Application
  • Automobile
  • Optics
  • Medicine and Biotechnology
  • Mechanical
  • Electronics and Semiconductors
  • Aerospace and Defense
  • Others
By Region
  • North America (United States, Canada)
  • Europe (Germany, France, UK, Italy, Russia) Rest of Europe
  • Nordic Countries
  • Asia-Pacific (China, Japan, South Korea)
  • Southeast Asia (India, Australia)
  • Rest of Asia
  • Latin America (Mexico, Brazil)
  • Rest of Latin America
  • Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of MEA)
By Company MNB Precision, Nidec Corporation, Sanmina, Ascentec, Swiss Precision Machining, Elcon Precision, Oberg Industries, Gemini Group
Forecast units USD million in value
Report coverage Revenue and volume forecast, company share, competitive landscape, growth factors and trends

Chapter Outline

  • Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
  • Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
  • Chapter 3: Detailed analysis of Precision Machining companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
  • Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
  • Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
  • Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
  • Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
  • Chapter 12: The main points and conclusions of the report.

FAQ for this report

Who are the main players in the Precision Machining Market report?

Ans: The main players in the Precision Machining Market are MNB Precision, Nidec Corporation, Sanmina, Ascentec, Swiss Precision Machining, Elcon Precision, Oberg Industries, Gemini Group

What are the Application segmentation covered in the Precision Machining Market report?

Ans: The Applications covered in the Precision Machining Market report are Automobile, Optics, Medicine and Biotechnology, Mechanical, Electronics and Semiconductors, Aerospace and Defense, Others

What are the Type segmentation covered in the Precision Machining Market report?

Ans: The Types covered in the Precision Machining Market report are Milling, Turning, Electrical Discharge Machining

1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Precision Machining Market Size Growth Rate by Type: 2019 VS 2023 VS 2030
1.2.2 Milling
1.2.3 Turning
1.2.4 Electrical Discharge Machining
1.3 Market by Application
1.3.1 Global Precision Machining Market Growth by Application: 2019 VS 2023 VS 2030
1.3.2 Automobile
1.3.3 Optics
1.3.4 Medicine and Biotechnology
1.3.5 Mechanical
1.3.6 Electronics and Semiconductors
1.3.7 Aerospace and Defense
1.3.8 Others
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Precision Machining Market Perspective (2019-2030)
2.2 Precision Machining Growth Trends by Region
2.2.1 Global Precision Machining Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 Precision Machining Historic Market Size by Region (2019-2024)
2.2.3 Precision Machining Forecasted Market Size by Region (2025-2030)
2.3 Precision Machining Market Dynamics
2.3.1 Precision Machining Industry Trends
2.3.2 Precision Machining Market Drivers
2.3.3 Precision Machining Market Challenges
2.3.4 Precision Machining Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Precision Machining Players by Revenue
3.1.1 Global Top Precision Machining Players by Revenue (2019-2024)
3.1.2 Global Precision Machining Revenue Market Share by Players (2019-2024)
3.2 Global Precision Machining Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Precision Machining Revenue
3.4 Global Precision Machining Market Concentration Ratio
3.4.1 Global Precision Machining Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Precision Machining Revenue in 2023
3.5 Precision Machining Key Players Head office and Area Served
3.6 Key Players Precision Machining Product Solution and Service
3.7 Date of Enter into Precision Machining Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Precision Machining Breakdown Data by Type
4.1 Global Precision Machining Historic Market Size by Type (2019-2024)
4.2 Global Precision Machining Forecasted Market Size by Type (2025-2030)
5 Precision Machining Breakdown Data by Application
5.1 Global Precision Machining Historic Market Size by Application (2019-2024)
5.2 Global Precision Machining Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America Precision Machining Market Size (2019-2030)
6.2 North America Precision Machining Market Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America Precision Machining Market Size by Country (2019-2024)
6.4 North America Precision Machining Market Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Precision Machining Market Size (2019-2030)
7.2 Europe Precision Machining Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe Precision Machining Market Size by Country (2019-2024)
7.4 Europe Precision Machining Market Size by Country (2025-2030)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Precision Machining Market Size (2019-2030)
8.2 Asia-Pacific Precision Machining Market Growth Rate by Region: 2019 VS 2023 VS 2030
8.3 Asia-Pacific Precision Machining Market Size by Region (2019-2024)
8.4 Asia-Pacific Precision Machining Market Size by Region (2025-2030)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Precision Machining Market Size (2019-2030)
9.2 Latin America Precision Machining Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America Precision Machining Market Size by Country (2019-2024)
9.4 Latin America Precision Machining Market Size by Country (2025-2030)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Precision Machining Market Size (2019-2030)
10.2 Middle East & Africa Precision Machining Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa Precision Machining Market Size by Country (2019-2024)
10.4 Middle East & Africa Precision Machining Market Size by Country (2025-2030)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 MNB Precision
11.1.1 MNB Precision Company Detail
11.1.2 MNB Precision Business Overview
11.1.3 MNB Precision Precision Machining Introduction
11.1.4 MNB Precision Revenue in Precision Machining Business (2019-2024)
11.1.5 MNB Precision Recent Development
11.2 Nidec Corporation
11.2.1 Nidec Corporation Company Detail
11.2.2 Nidec Corporation Business Overview
11.2.3 Nidec Corporation Precision Machining Introduction
11.2.4 Nidec Corporation Revenue in Precision Machining Business (2019-2024)
11.2.5 Nidec Corporation Recent Development
11.3 Sanmina
11.3.1 Sanmina Company Detail
11.3.2 Sanmina Business Overview
11.3.3 Sanmina Precision Machining Introduction
11.3.4 Sanmina Revenue in Precision Machining Business (2019-2024)
11.3.5 Sanmina Recent Development
11.4 Ascentec
11.4.1 Ascentec Company Detail
11.4.2 Ascentec Business Overview
11.4.3 Ascentec Precision Machining Introduction
11.4.4 Ascentec Revenue in Precision Machining Business (2019-2024)
11.4.5 Ascentec Recent Development
11.5 Swiss Precision Machining
11.5.1 Swiss Precision Machining Company Detail
11.5.2 Swiss Precision Machining Business Overview
11.5.3 Swiss Precision Machining Precision Machining Introduction
11.5.4 Swiss Precision Machining Revenue in Precision Machining Business (2019-2024)
11.5.5 Swiss Precision Machining Recent Development
11.6 Elcon Precision
11.6.1 Elcon Precision Company Detail
11.6.2 Elcon Precision Business Overview
11.6.3 Elcon Precision Precision Machining Introduction
11.6.4 Elcon Precision Revenue in Precision Machining Business (2019-2024)
11.6.5 Elcon Precision Recent Development
11.7 Oberg Industries
11.7.1 Oberg Industries Company Detail
11.7.2 Oberg Industries Business Overview
11.7.3 Oberg Industries Precision Machining Introduction
11.7.4 Oberg Industries Revenue in Precision Machining Business (2019-2024)
11.7.5 Oberg Industries Recent Development
11.8 Gemini Group
11.8.1 Gemini Group Company Detail
11.8.2 Gemini Group Business Overview
11.8.3 Gemini Group Precision Machining Introduction
11.8.4 Gemini Group Revenue in Precision Machining Business (2019-2024)
11.8.5 Gemini Group Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
List of Tables
    Table 1. Global Precision Machining Market Size Growth Rate by Type (US$ Million): 2019 VS 2023 VS 2030
    Table 2. Key Players of Milling
    Table 3. Key Players of Turning
    Table 4. Key Players of Electrical Discharge Machining
    Table 5. Global Precision Machining Market Size Growth by Application (US$ Million): 2019 VS 2023 VS 2030
    Table 6. Global Precision Machining Market Size by Region (US$ Million): 2019 VS 2023 VS 2030
    Table 7. Global Precision Machining Market Size by Region (2019-2024) & (US$ Million)
    Table 8. Global Precision Machining Market Share by Region (2019-2024)
    Table 9. Global Precision Machining Forecasted Market Size by Region (2025-2030) & (US$ Million)
    Table 10. Global Precision Machining Market Share by Region (2025-2030)
    Table 11. Precision Machining Market Trends
    Table 12. Precision Machining Market Drivers
    Table 13. Precision Machining Market Challenges
    Table 14. Precision Machining Market Restraints
    Table 15. Global Precision Machining Revenue by Players (2019-2024) & (US$ Million)
    Table 16. Global Precision Machining Market Share by Players (2019-2024)
    Table 17. Global Top Precision Machining Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Precision Machining as of 2023)
    Table 18. Ranking of Global Top Precision Machining Companies by Revenue (US$ Million) in 2023
    Table 19. Global 5 Largest Players Market Share by Precision Machining Revenue (CR5 and HHI) & (2019-2024)
    Table 20. Key Players Headquarters and Area Served
    Table 21. Key Players Precision Machining Product Solution and Service
    Table 22. Date of Enter into Precision Machining Market
    Table 23. Mergers & Acquisitions, Expansion Plans
    Table 24. Global Precision Machining Market Size by Type (2019-2024) & (US$ Million)
    Table 25. Global Precision Machining Revenue Market Share by Type (2019-2024)
    Table 26. Global Precision Machining Forecasted Market Size by Type (2025-2030) & (US$ Million)
    Table 27. Global Precision Machining Revenue Market Share by Type (2025-2030)
    Table 28. Global Precision Machining Market Size by Application (2019-2024) & (US$ Million)
    Table 29. Global Precision Machining Revenue Market Share by Application (2019-2024)
    Table 30. Global Precision Machining Forecasted Market Size by Application (2025-2030) & (US$ Million)
    Table 31. Global Precision Machining Revenue Market Share by Application (2025-2030)
    Table 32. North America Precision Machining Market Size Growth Rate by Country (US$ Million): 2019 VS 2023 VS 2030
    Table 33. North America Precision Machining Market Size by Country (2019-2024) & (US$ Million)
    Table 34. North America Precision Machining Market Size by Country (2025-2030) & (US$ Million)
    Table 35. Europe Precision Machining Market Size Growth Rate by Country (US$ Million): 2019 VS 2023 VS 2030
    Table 36. Europe Precision Machining Market Size by Country (2019-2024) & (US$ Million)
    Table 37. Europe Precision Machining Market Size by Country (2025-2030) & (US$ Million)
    Table 38. Asia-Pacific Precision Machining Market Size Growth Rate by Region (US$ Million): 2019 VS 2023 VS 2030
    Table 39. Asia-Pacific Precision Machining Market Size by Region (2019-2024) & (US$ Million)
    Table 40. Asia-Pacific Precision Machining Market Size by Region (2025-2030) & (US$ Million)
    Table 41. Latin America Precision Machining Market Size Growth Rate by Country (US$ Million): 2019 VS 2023 VS 2030
    Table 42. Latin America Precision Machining Market Size by Country (2019-2024) & (US$ Million)
    Table 43. Latin America Precision Machining Market Size by Country (2025-2030) & (US$ Million)
    Table 44. Middle East & Africa Precision Machining Market Size Growth Rate by Country (US$ Million): 2019 VS 2023 VS 2030
    Table 45. Middle East & Africa Precision Machining Market Size by Country (2019-2024) & (US$ Million)
    Table 46. Middle East & Africa Precision Machining Market Size by Country (2025-2030) & (US$ Million)
    Table 47. MNB Precision Company Detail
    Table 48. MNB Precision Business Overview
    Table 49. MNB Precision Precision Machining Product
    Table 50. MNB Precision Revenue in Precision Machining Business (2019-2024) & (US$ Million)
    Table 51. MNB Precision Recent Development
    Table 52. Nidec Corporation Company Detail
    Table 53. Nidec Corporation Business Overview
    Table 54. Nidec Corporation Precision Machining Product
    Table 55. Nidec Corporation Revenue in Precision Machining Business (2019-2024) & (US$ Million)
    Table 56. Nidec Corporation Recent Development
    Table 57. Sanmina Company Detail
    Table 58. Sanmina Business Overview
    Table 59. Sanmina Precision Machining Product
    Table 60. Sanmina Revenue in Precision Machining Business (2019-2024) & (US$ Million)
    Table 61. Sanmina Recent Development
    Table 62. Ascentec Company Detail
    Table 63. Ascentec Business Overview
    Table 64. Ascentec Precision Machining Product
    Table 65. Ascentec Revenue in Precision Machining Business (2019-2024) & (US$ Million)
    Table 66. Ascentec Recent Development
    Table 67. Swiss Precision Machining Company Detail
    Table 68. Swiss Precision Machining Business Overview
    Table 69. Swiss Precision Machining Precision Machining Product
    Table 70. Swiss Precision Machining Revenue in Precision Machining Business (2019-2024) & (US$ Million)
    Table 71. Swiss Precision Machining Recent Development
    Table 72. Elcon Precision Company Detail
    Table 73. Elcon Precision Business Overview
    Table 74. Elcon Precision Precision Machining Product
    Table 75. Elcon Precision Revenue in Precision Machining Business (2019-2024) & (US$ Million)
    Table 76. Elcon Precision Recent Development
    Table 77. Oberg Industries Company Detail
    Table 78. Oberg Industries Business Overview
    Table 79. Oberg Industries Precision Machining Product
    Table 80. Oberg Industries Revenue in Precision Machining Business (2019-2024) & (US$ Million)
    Table 81. Oberg Industries Recent Development
    Table 82. Gemini Group Company Detail
    Table 83. Gemini Group Business Overview
    Table 84. Gemini Group Precision Machining Product
    Table 85. Gemini Group Revenue in Precision Machining Business (2019-2024) & (US$ Million)
    Table 86. Gemini Group Recent Development
    Table 87. Research Programs/Design for This Report
    Table 88. Key Data Information from Secondary Sources
    Table 89. Key Data Information from Primary Sources
List of Figures
    Figure 1. Global Precision Machining Market Size Comparison by Type (2024-2030) & (US$ Million)
    Figure 2. Global Precision Machining Market Share by Type: 2023 VS 2030
    Figure 3. Milling Features
    Figure 4. Turning Features
    Figure 5. Electrical Discharge Machining Features
    Figure 6. Global Precision Machining Market Size Comparison by Application (2024-2030) & (US$ Million)
    Figure 7. Global Precision Machining Market Share by Application: 2023 VS 2030
    Figure 8. Automobile Case Studies
    Figure 9. Optics Case Studies
    Figure 10. Medicine and Biotechnology Case Studies
    Figure 11. Mechanical Case Studies
    Figure 12. Electronics and Semiconductors Case Studies
    Figure 13. Aerospace and Defense Case Studies
    Figure 14. Others Case Studies
    Figure 15. Precision Machining Report Years Considered
    Figure 16. Global Precision Machining Market Size (US$ Million), Year-over-Year: 2019-2030
    Figure 17. Global Precision Machining Market Size, (US$ Million), 2019 VS 2023 VS 2030
    Figure 18. Global Precision Machining Market Share by Region: 2023 VS 2030
    Figure 19. Global Precision Machining Market Share by Players in 2023
    Figure 20. Global Top Precision Machining Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Precision Machining as of 2023)
    Figure 21. The Top 10 and 5 Players Market Share by Precision Machining Revenue in 2023
    Figure 22. North America Precision Machining Market Size YoY Growth (2019-2030) & (US$ Million)
    Figure 23. North America Precision Machining Market Share by Country (2019-2030)
    Figure 24. United States Precision Machining Market Size YoY Growth (2019-2030) & (US$ Million)
    Figure 25. Canada Precision Machining Market Size YoY Growth (2019-2030) & (US$ Million)
    Figure 26. Europe Precision Machining Market Size YoY Growth (2019-2030) & (US$ Million)
    Figure 27. Europe Precision Machining Market Share by Country (2019-2030)
    Figure 28. Germany Precision Machining Market Size YoY Growth (2019-2030) & (US$ Million)
    Figure 29. France Precision Machining Market Size YoY Growth (2019-2030) & (US$ Million)
    Figure 30. U.K. Precision Machining Market Size YoY Growth (2019-2030) & (US$ Million)
    Figure 31. Italy Precision Machining Market Size YoY Growth (2019-2030) & (US$ Million)
    Figure 32. Russia Precision Machining Market Size YoY Growth (2019-2030) & (US$ Million)
    Figure 33. Nordic Countries Precision Machining Market Size YoY Growth (2019-2030) & (US$ Million)
    Figure 34. Asia-Pacific Precision Machining Market Size YoY Growth (2019-2030) & (US$ Million)
    Figure 35. Asia-Pacific Precision Machining Market Share by Region (2019-2030)
    Figure 36. China Precision Machining Market Size YoY Growth (2019-2030) & (US$ Million)
    Figure 37. Japan Precision Machining Market Size YoY Growth (2019-2030) & (US$ Million)
    Figure 38. South Korea Precision Machining Market Size YoY Growth (2019-2030) & (US$ Million)
    Figure 39. Southeast Asia Precision Machining Market Size YoY Growth (2019-2030) & (US$ Million)
    Figure 40. India Precision Machining Market Size YoY Growth (2019-2030) & (US$ Million)
    Figure 41. Australia Precision Machining Market Size YoY Growth (2019-2030) & (US$ Million)
    Figure 42. Latin America Precision Machining Market Size YoY Growth (2019-2030) & (US$ Million)
    Figure 43. Latin America Precision Machining Market Share by Country (2019-2030)
    Figure 44. Mexico Precision Machining Market Size YoY Growth (2019-2030) & (US$ Million)
    Figure 45. Brazil Precision Machining Market Size YoY Growth (2019-2030) & (US$ Million)
    Figure 46. Middle East & Africa Precision Machining Market Size YoY Growth (2019-2030) & (US$ Million)
    Figure 47. Middle East & Africa Precision Machining Market Share by Country (2019-2030)
    Figure 48. Turkey Precision Machining Market Size YoY Growth (2019-2030) & (US$ Million)
    Figure 49. Saudi Arabia Precision Machining Market Size YoY Growth (2019-2030) & (US$ Million)
    Figure 50. MNB Precision Revenue Growth Rate in Precision Machining Business (2019-2024)
    Figure 51. Nidec Corporation Revenue Growth Rate in Precision Machining Business (2019-2024)
    Figure 52. Sanmina Revenue Growth Rate in Precision Machining Business (2019-2024)
    Figure 53. Ascentec Revenue Growth Rate in Precision Machining Business (2019-2024)
    Figure 54. Swiss Precision Machining Revenue Growth Rate in Precision Machining Business (2019-2024)
    Figure 55. Elcon Precision Revenue Growth Rate in Precision Machining Business (2019-2024)
    Figure 56. Oberg Industries Revenue Growth Rate in Precision Machining Business (2019-2024)
    Figure 57. Gemini Group Revenue Growth Rate in Precision Machining Business (2019-2024)
    Figure 58. Bottom-up and Top-down Approaches for This Report
    Figure 59. Data Triangulation
    Figure 60. Key Executives Interviewed
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