Latest Market Research Report 2025

The global market for  precision engineering machines   was valued at USD 13.07 billion in the year 2022. This market is projected to expand steadily, with a compound annual growth rate (CAGR) of 6.8% anticipated between 2023 and 2030. The key drivers behind this growth include the increasing demand for highly advanced precision machining solutions across various industries. Additionally, there is a growing emphasis on minimizing downtime in production environments, which helps enhance overall efficiency, improve accuracy, and streamline machining operations. Advanced precision machining technologies contribute significantly to reducing the time required for machining tasks. This, in turn, lowers material wastage, setup durations, and the costs associated with customized machining processes. As a result of these benefits, precision engineering machinery is widely adopted by manufacturing companies seeking to improve operational productivity and cost-effectiveness. Consequently...

  The global  precision engineering machines market  size is expected to reach USD 22.05 billion by 2030, expanding at a CAGR of 6.8% from 2023 to 2030, according to a new study by Grand View Research Inc. Precision engineering tools have gained popularity because of their exact accuracy as production methods become more productive and efficient. The scope of precision engineering is expanding as a result of the increasing technological capability. Precision engineering equipment makes automated procedures possible, which reduces the amount of time needed for component machining. The machines may work continuously without any manual aid or oversight once the machinist enters the codes into the computer. Industrial automated devices, such as robots, have proven to be beneficial for both discrete and continuous manufacturing in several ways. Among these benefits are raised productivity and improved production methods.   The COVID-19 outbreak caused damage to the m...

  Precision Engineering Machines Industry Overview The global  precision engineering machines market  size is estimated to reach USD 19.27 billion by 2028, expanding at a CAGR of 6.6% from 2021 to 2028, according to a new study by Grand View Research, Inc. The increased demand for advanced machining solutions, as well as the focus on reducing downtime to promote production efficiency, improve accuracy, and optimize machining processes, are driving sales growth. Moreover, Industry 4.0 promotes the integration of manufacturing facilities with other processes to create holistic and adaptive automation system architectures using precision engineering machines for production and manufacturing. Hence, the market comprises significant opportunities with the advent of industry 4.0 in the forthcoming years.   Precision Engineering Machines Market Report Highlights The automotive segment is expected to register the highest CAGR of over 7% during the forecast period. The g...