Press release
Increased Demand For Consumer Electronics Fuels Surge In Precision Engineering Machines Market Emerges as a Core Driver of the Precision Engineering Machines Market in 2025
Precision Engineering Machines Market
What Is the Expected CAGR for the Precision Engineering Machines Market Through 2025?
In the past few years, the market size of precision engineering machines has seen robust growth. The market is anticipated to expand from a size of $14.59 billion in 2024 to $15.67 billion in 2025, experiencing a compound annual growth rate (CAGR) of 7.4%. This escalation during the historic period has been driven by factors such as the demand for consumer electronics, adherence to quality management standards, global trade and globalization, efforts in standardization, the automotive industry, and usage in military applications.
What's the Projected Size of the Global Precision Engineering Machines Market by 2029?
The market size for precision engineering machines is anticipated to experience significant expansion in the upcoming years, surging to $19.75 billion in 2029 with a compound annual growth rate (CAGR) of 6.0%. This growth over the forecast period is driven by multiple factors such as the rise of smart factories, high-speed machining, sustainable manufacturing methods, and the trend towards customization and personalization. Key trends shaping the forecast period include the miniaturization and microfabrication, IoT integration, robotics, collaborative automation, precision robotics, digital twin technology, and the increasing use of hybrid machining systems and multi-axis machining.
View the full report here:
https://www.thebusinessresearchcompany.com/report/precision-engineering-machines-global-market-report
Top Growth Drivers in the Precision Engineering Machines Industry: What's Accelerating the Market?
The growing demand for consumer electronics is set to expedite the expansion of the precision engineering machines market. Consumer electronics comprise a wide range of electronic products utilized in daily life by consumers. Precision engineering machines, which are engineered to manufacture high-accuracy components fulfilling strict tolerance and specifications, are seeing an increased usage. These machines are indispensable for the correct operation of electronic systems and gadgets. For example, the 2022 annual financial report from LG Corporation, a consumer electronics and home appliances firm in South Korea, revealed that LG's revenue crossed the $60 billion mark for the first-time, representing a rise of 12.9% since 2021. This was primarily attributed to the surging demand for premium home appliances and auto parts. Consequently, the burgeoning demand for consumer electronics fuels the progress of the precision engineering machines market.
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=14458&type=smp
What Trends Will Shape the Precision Engineering Machines Market Through 2029 and Beyond?
Top players in the precision engineering machinery market are concentrating their efforts on creating machines that are innovative, compact and energy-efficient, as a tactic for gaining a competitive edge in the market. These compact and energy-saving devices are designed to be small in size and require minimal energy. For example, Loxham Precision Limited, a maker of precision CNC machines and motion systems based in the UK, launched in May 2022 an ultra-precision 5-axis CNC turn-mill machine. This machine facilitates the manufacturing of highly intricate parts with incredible precision and efficiency. In precision engineering, ultra-precision 5-axis CNC turn-mill machines are used as advanced manufacturing tools to produce complex parts with the utmost accuracy and precision.
What Are the Main Segments in the Precision Engineering Machines Market?
The precision engineering machines market covered in this report is segmented -
1) By Type: Computer Numerical Control Machine Tools, Electrical Discharge Machining Machine Tools, Other Types
2) By Material: Plastic, Steel, Bronze, Glass, Brass, Other Materials
3) By End Use: Automotive, Non-Automotive
Subsegments:
1) By Computer Numerical Control (CNC) Machine Tools: CNC Milling Machines, CNC Turning Machines, CNC Grinding Machines, CNC Drilling Machines, CNC Lathes, CNC EDM (Electrical Discharge Machining)
2) By Electrical Discharge Machining (EDM) Machine Tools: Wire EDM Machines, Sinker EDM Machines, Hole Drilling EDM Machines, Small Hole EDM Machines
3) By Other Types: Laser Cutting Machines, Water Jet Cutting Machines, Ultrasonic Machining Tools, Abrasive Jet Machining (AJM) Tools, Additive Manufacturing Machines (3D Printers)
Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=14458&type=smp
Which Top Companies are Driving Growth in the Precision Engineering Machines Market?
Major companies operating in the precision engineering machines market are Mitsubishi Electric Corporation, Amera-Seiki, Yamazaki Mazak Corporation, Doosan Machine Tools Co. Ltd., DATRON AG, Brother Industries Ltd., FANUC Corporation, Trumpf Gmbh Co. Kg, Amada Machine Tools Co. Ltd., Makino Milling Machine Co. Ltd., Schuler AG, DMG Mori Co. Ltd., GF Machining Solutions Management SA, Haas Automation Inc., INDEX-Werke GmbH & Co. KG Hahn & Tessky, Sodi*ck Co. Ltd., Hardinge Inc., Tongtai Machine & Tool Co. Ltd., Hurco Companies Inc., Shenyang Machine Tool Co. Ltd., Kitamura Machinery Co. Ltd., Dalian Machine Tool Group (DMTG) Corporation, Chiron Group SE, MLOptic Corp.
Which Regions Will Dominate the Precision Engineering Machines Market Through 2029?
Asia-Pacific was the largest region in the precision engineering machines market in 2024. The regions covered in the precision engineering machines market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=14458
This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow 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"
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 Increased Demand For Consumer Electronics Fuels Surge In Precision Engineering Machines Market Emerges as a Core Driver of the Precision Engineering Machines Market in 2025 here
News-ID: 4125574 • Views: …
More Releases from The Business research company
Innovative Advances In Prenatal And Newborn Genetic Testing Industry Trends Gain …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts
Prenatal And Newborn Genetic Testing Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size for prenatal and newborn genetic testing has seen a swift expansion in the recent past. The market value is projected to rise from $6.68 billion in 2024 to $7.61…
Impact Of Growing Aerospace Industry On The Precision Turned Product Manufacturi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts
How Large Will the Precision Turned Product Manufacturing Market Size By 2025?
In recent times, the market size of precision turned product manufacturing has seen a robust growth. It's expected to expand from $102.97 billion in 2024 to $110.33 billion in 2025, boasting a compound annual growth rate (CAGR)…
Top Market Shifts Transforming the Proposal Management Software Market Landscape …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts
What Is the Expected CAGR for the Proposal Management Software Market Through 2025?
The size of the proposal management software market has seen a fast-paced growth in the past few years. The market is forecasted to expand from a value of $2.59 billion in 2024 to an increased worth…
Impact Of HIV Infection Prevalence On The Progressive Multifocal Leukoencephalop …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts
Progressive Multifocal Leukoencephalopathy Treatment Market Size Growth Forecast: What to Expect by 2025?
In recent years, there has been a significant expansion in the market size for treatment of progressive multifocal leukoencephalopathy. The market, currently valued at $1.46 billion in 2024, is projected to escalate to $1.61 billion in…
More Releases for Machine
Concrete Block Machine market: Lucrative Segments and their Underlying Factors | …
"
The Concrete Block Machine global market is thoroughly researched in this report, noting important aspects like market competition, global and regional growth, market segmentation and market structure. The report author analysts have estimated the size of the global market in terms of value and volume using the latest research tools and techniques. The report also includes estimates for market share, revenue, production, consumption, gross profit margin, CAGR, and other key…
Agriculture Machine to Machine (M2M) Agriculture Machine to Machine (M2M)
Global Agriculture Machine to Machine (M2M) market study offers an all-inclusive analysis of the major strategies, corporate models, and market shares of the most noticeable players in this market. Significant market players of market their aggressive scene, improvement plans and arrangements are clarified in the research report. Further, the market status and SWOT analysis are conducted on a regional and country level to prepare development plans and analyse the market…
Machine To Machine (M2M) Connections Market
Machine to Machine (M2M) Connections Market Research study which offers insights of in-depth research on historic and current market size along with the expected future prospects of the market and emerging trends in the market. The Machine to Machine (M2M) Connections Market report provides crucial information about the market, including Opinions from Industry experts, and the recent progressions and developments of the Machine to Machine (M2M) Connections Market.
Mobile, other connected…
Drilling Machine Market by Type (Sensitive Drilling Machine, Upright Drilling Ma …
Asia-Pacific serves as the most productive region as compared to others with diverse industry verticals significantly investing in drilling machine. Moreover, various domestic players are investing in the automotive and military & defense sectors, which is anticipated to boost the demand for drilling machines and its components to complete the respective operations with reduced labor cost and high precision of work within optimized time. Furthermore, the drilling machine market is…
Drilling Machine Market Report 2018: Segmentation by Type (Portable Drilling Mac …
Global Drilling Machine market research report provides company profile for Halliburton, Atlas Copco, Torquado Drilling Accessories, DATRON, DMTG, DMG MORI, SMTCL, NewTech Drilling Products, Baker Huges, Cheston, National Oilwell Varco and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the…
Washing Machine Market Report 2018: Segmentation by Washing Machine Type (Drum-t …
Global Washing Machine market research report provides company profile for Frigidaire (US), Arbreau (US), Kenmore (US), ECOAP (China), Turbo Series (Korea), Avanti (Denmark), Fisher & Paykel (New Zealand), Globe House Products (US), GE (US), LG (Korea), Electrolux (Sweden), Samsung (Korea), Speed Queen(US), Bosch (Germany) and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018…
