Press release
Strong Growth Ahead: Precision Turned Product Manufacturing Market Size To Grow At Arecord 6.7% Cagr By 2029
Precision Turned Product Manufacturing Market
How Big Is the Precision Turned Product Manufacturing Market Size Expected to Be by 2034?
In recent times, there has been a significant expansion in the size of the precision turned product manufacturing market. The market is expected to surge from $102.97 billion in 2024 to $110.33 billion in 2025, indicating a compound annual growth rate (CAGR) of 7.1%. Factors contributing to the growth during the historic period include a rising demand for high-precision components, the impact of globalization and outsourcing, innovative materials, and a focus on cost efficiency.
The market for precision turned product manufacturing is projected to witness robust expansion in the coming years. The market size is anticipated to reach $143.26 billion by 2029, growing at a compound annual growth rate (CAGR) of 6.7%. This growth over the predicted period is likely due to factors such as sustainable manufacturing demand, fast prototyping, additive manufacturing, resilience of the supply chain, adherence to regulations and industry standards. Some of the key trends for the forecast period include digital transformation, integration of additive manufacturing, customization and personalization, and a shift towards reshoring and localization.
Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=14776
What Are the Emerging Segments Within the Precision Turned Product Manufacturing Market?
The precision turned product manufacturing market covered in this report is segmented -
1) By Type: Automatic Screw Machines, Rotary Transfer Machines, Computer Numerically Controlled (CNC), Lathes Or Turning Centers
2) By Operation: Manual Operation, CNC Operation
3) By End User: Automobile, Electronics, Defense, Healthcare
Subsegments:
1) By Automatic Screw Machines: Single-Spindle Automatic Screw Machines, Multi-Spindle Automatic Screw Machines
2) By Rotary Transfer Machines: Horizontal Rotary Transfer Machines, Vertical Rotary Transfer Machines
3) By Computer Numerically Controlled (CNC): CNC Lathes, CNC Milling Machines, CNC Grinding Machines
4) By Lathes Or Turning Centers: Horizontal Turning Centers, Vertical Turning Centers
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=14776&type=smp
What Long-Term Drivers Are Shaping Precision Turned Product Manufacturing Market Trends?
The advancement of the aerospace sector is projected to bolster the development of the precision-turned product manufacturing market in the future. This industry encompasses the creation, manufacture, and upkeep of spacecraft, aircraft, and their related systems. There has been a surge in the aerospace sector attributed to rising international investments in defense systems and military aircraft for enhancing national security and combating emerging threats. Precision-turned product manufacturing plays a crucial role in creating high-grade components with strict tolerances that are imperative for performance and safety in aerospace systems. Precision-turned products boost the proficiency and efficiency of aerospace systems, promoting seamless operation, fuel economy, and reduced need for maintenance. For example, in a report that the Aerospace Industries Association, a trade body based in the US, put out in November 2022, the revenue from the aerospace sector saw a rise of 2.1%, hitting $892 billion in 2021. Moreover, exports in aerospace and defense witnessed an increase of 11.2% surging to $100.4 billion between 2020 and 2021. As a result, the expansion of the aerospace sector is a key factor propelling the growth of the precision-turned product manufacturing market.
Who Are the Top Competitors in Key Precision Turned Product Manufacturing Market Segments?
Major companies operating in the precision turned product manufacturing market are Stanley Black & Decker Inc., Parker Hannifin Corporation, Doosan Corporation, Sandvik AB, NSK Ltd., FANUC Corporation, Moog Inc., DMG MORI Co. Ltd., Kennametal Inc., Barnes Group Inc., Gleason Corporation, Haas Automation Inc., Tsugami Corporation, Hardinge Inc., Tompkins Products Inc., Hurco Companies Inc., Tornos Holding AG, Creed Monarch, Greystone of Lincoln, Brother Industries Ltd., Mahr GmbH, Alpha Grainger Mfg, Herker Industries, Hydromat Inc., Swiss Precision Machining Inc.
What Precision Turned Product Manufacturing Market Trends Are Gaining Traction Across Different Segments?
Major enterprises in the precision turned product manufacturing market are innovating advanced systems, including a 2-axis vertical turning lathe, designed to offer an industry-standard solution for machining and unparalleled precision. This type of machine tool, also known as a vertical turret lathe (VTL), is utilized for machining cylindrical pieces. For example, WIDMA Machining Solutions, a manufacturer of metalworking tools based in India, introduced the VT850 vertical turning lathe in November 2023. This precision tool is used for turning, drilling, and threading operations on sizable workpieces. The VT850 comprises heavily ribbed structures optimized through Finite Element Analysis (FEA) and made of FG300 cast iron, which enhances operational rigidity and reduces vibrations. The tool is aimed at expanding the firm's standard product repertoire, speeding up customer service, and ensuring consistent operations. Additionally, the VT850 is designed with a double-row cylindrical roller bearing, adding to the spindle's stiffness and rigidity.
Get the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/report/precision-turned-product-manufacturing-global-market-report
Which Regions Are Becoming Hubs for Precision Turned Product Manufacturing Market Innovation?
North America was the largest region in the precision turned product manufacturing market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the precision turned product manufacturing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Precision Turned Product Manufacturing Market?
2. What is the CAGR expected in the Precision Turned Product Manufacturing Market?
3. What Are the Key Innovations Transforming the Precision Turned Product Manufacturing Industry?
4. Which Region Is Leading the Precision Turned Product Manufacturing Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.
Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Strong Growth Ahead: Precision Turned Product Manufacturing Market Size To Grow At Arecord 6.7% Cagr By 2029 here
News-ID: 4027963 • Views: …
More Releases from The Business Research Company
Segment Evaluation and Major Growth Areas in the Personalized Testing and Supple …
The personalized testing and supplements sector is gaining remarkable traction, driven by advancements in technology and a rising consumer focus on tailored health solutions. As more individuals seek customized wellness options, this market is set to experience substantial expansion in the coming years. Here's an in-depth look at its current valuation, key players, significant trends, and the main market segments shaping its future.
Market Valuation and Expansion Forecast for Personalized Testing…
Top Players and Market Competition in the Skin Microbiome Industry
The skin microbiome market is emerging as a significant area of interest due to growing awareness about the critical role of skin health and innovative skincare technologies. As research advances and consumer preferences shift towards more natural and science-backed products, this market is set to undergo substantial growth. Let's explore the current market size, key players, driving factors, and upcoming trends shaping the skin microbiome industry.
Projected Expansion in the Skin…
Key Strategic Developments and Emerging Changes Shaping the Upadacitinib Market …
The upadacitinib market is poised for significant expansion over the coming years, driven by advances in treatment options and increasing awareness of autoimmune diseases. This report delves into the market's current size, key drivers, major players, and the emerging trends shaping its future trajectory.
Steady Growth Expected in Upadacitinib Market Size Through 2029
The market for upadacitinib is projected to reach $2.54 billion by 2029, growing at a robust compound annual…
Analysis of Key Market Segments Driving the Alzheimer's Disease Diagnostic Marke …
The Alzheimer's disease diagnostic sector is rapidly evolving as advancements in technology and healthcare infrastructure open new possibilities for early detection and personalized treatment. With rising awareness and innovative approaches, this market is poised for significant growth in the coming years. Let's explore the current market size, key drivers, leading companies, and emerging trends that are shaping this critical healthcare field.
Projected Market Size and Growth Trends in Alzheimer's Disease Diagnostics…
More Releases for Precision
Precision Harvesting Market Report 2024 - Precision Harvesting Market Trends And …
"The Business Research Company recently released a comprehensive report on the Global Precision Harvesting Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample…
Electronic Precision Repair Service Market Growth Drivers, and Competitive Lands …
The Electronic Precision Repair Service Market Trends Overview 2024-2031:
A new Report by Worldwide Market Reports, titled "Electronic Precision Repair Service Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2031," offers a comprehensive analysis of the industry, which comprises insights on the Electronic Precision Repair Service market analysis. The report also includes competitor and regional analysis, and contemporary advancements in the market.
This report has a complete table of contents, figures,…
Precision Straightening Service Market by Forecast to 2030 With Covered Top Comp …
Worldwide Market Reports is pleased to announce the release of its latest research report titled "Precision Straightening Service Market - Forecast to 2030." This comprehensive report offers a holistic view of the Precision Straightening Service market, providing systematic segmentation and covering every aspect of the target market. With over-market data tables, pie charts, graphs, and figures spread across easy-to-understand pages, the report offers detailed analysis. The information presented in the…
Precision Diagnostics Market - Diagnostic Excellence, Delivered with Precision
Newark, New Castle, USA: The "Precision Diagnostics Market" provides a value chain analysis of revenue for the anticipated period from 2023 to 2031. The report will include a full and comprehensive analysis of the business operations of all market leaders in this industry, as well as their in-depth market research, historical market development, and information about their market competitors.
Precision Diagnostics Market: https://www.growthplusreports.com/report/precision-diagnostics-market/8518
This latest report researches the industry structure, sales, revenue,…
Precision Air Conditioner
Precision air conditioner is used to control the temperature and humidity to accurately maintain the microclimate parameters in environments such as data centers, hospitals and laboratories.
Unlike home or domestic air conditioners, which are designed to cool humans, precision air conditioners in most cases are used for cooling IT equipment.
https://www.nigeriacontractor.com/buy-precision-air-conditioner-in-nigeria/
Official website of Akpo Oyegwa Refrigeration Company: https://www.nigeriacontractor.com/
7th Floor Mulliner Towers,
39 Alfred Rewane Road,
Ikoyi
Lagos, Nigeria.
Direct Expansion Precision Air Conditioner
from 6 to…
Agriculture IoT Market by Precision Farming, Precision Forestry and Smart Greenh …
Hardware to hold the largest share of agriculture IoT market during the forecast period
Hardware is expected to account for the largest share of the agriculture IoT market during the forecast period. The increasing adoption of new technologies and advanced devices for smart agriculture is expected to drive the growth of the agriculture IoT market for hardware during the forecast period. Precision farming involves hardware devices and tools to minimize input…
