Precision Engineering Machines Market Size, Share, and Trends 2024 to 2034

The global precision engineering machines market size is calculated at USD 20.09 billion in 2025 and is forecasted to reach around USD 29.16 billion by 2034, accelerating at a CAGR of 4.23% from 2025 to 2034. Asia Pacific market size surpassed USD 6.55 billion in 2024 and is expanding at a CAGR of 4.38% during the forecast period. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.

  • Last Updated : April 2025
  • Report Code : 5883
  • Category : Machinery and Equipment

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Precision Engineering Machines Market 

5.1. COVID-19 Landscape: Precision Engineering Machines Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Precision Engineering Machines Market, By Application

8.1. Precision Engineering Machines Market Revenue and Volume, By Application

8.1.1 Automotive

8.1.1.1. Market Revenue and Volume Forecast

8.1.2. Aerospace

8.1.2.1. Market Revenue and Volume Forecast

8.1.3. Medical Devices

8.1.3.1. Market Revenue and Volume Forecast

8.1.4. Consumer Electronics

8.1.4.1. Market Revenue and Volume Forecast

8.1.5. Industrial Machinery

8.1.5.1. Market Revenue and Volume Forecast

Chapter 9. Global Precision Engineering Machines Market, By Product Type

9.1. Precision Engineering Machines Market Revenue and Volume, By Product Type

9.1.1. CNC Machines

9.1.1.1. Market Revenue and Volume Forecast

9.1.2. Laser Cutting Machines

9.1.2.1. Market Revenue and Volume Forecast

9.1.3. 3D Printers

9.1.3.1. Market Revenue and Volume Forecast

9.1.4. Electrical Discharge Machines

9.1.4.1. Market Revenue and Volume Forecast

9.1.5. Grinding Machines

9.1.5.1. Market Revenue and Volume Forecast

Chapter 10. Global Precision Engineering Machines Market, Regional Estimates and Trend Forecast

10.1. North America

10.1.1. Market Revenue and Volume Forecast, By Application

10.1.2. Market Revenue and Volume Forecast, By Product Type

10.1.3. U.S.

10.1.3.1. Market Revenue and Volume Forecast, By Application

10.1.3.2. Market Revenue and Volume Forecast, By Product Type

10.1.4. Rest of North America

10.1.4.1. Market Revenue and Volume Forecast, By Application

10.1.4.2. Market Revenue and Volume Forecast, By Product Type

10.2. Europe

10.2.1. Market Revenue and Volume Forecast, By Application

10.2.2. Market Revenue and Volume Forecast, By Product Type

10.2.3. UK

10.2.3.1. Market Revenue and Volume Forecast, By Application

10.2.3.2. Market Revenue and Volume Forecast, By Product Type

10.2.4. Germany

10.2.4.1. Market Revenue and Volume Forecast, By Application

10.2.4.2. Market Revenue and Volume Forecast, By Product Type

10.2.5. France

10.2.5.1. Market Revenue and Volume Forecast, By Application

10.2.5.2. Market Revenue and Volume Forecast, By Product Type

10.2.6. Rest of Europe

10.2.6.1. Market Revenue and Volume Forecast, By Application

10.2.6.2. Market Revenue and Volume Forecast, By Product Type

10.3. APAC

10.3.1. Market Revenue and Volume Forecast, By Application

10.3.2. Market Revenue and Volume Forecast, By Product Type

10.3.3. India

10.3.3.1. Market Revenue and Volume Forecast, By Application

10.3.3.2. Market Revenue and Volume Forecast, By Product Type

10.3.4. China

10.3.4.1. Market Revenue and Volume Forecast, By Application

10.3.4.2. Market Revenue and Volume Forecast, By Product Type

10.3.5. Japan

10.3.5.1. Market Revenue and Volume Forecast, By Application

10.3.5.2. Market Revenue and Volume Forecast, By Product Type

10.3.6. Rest of APAC

10.3.6.1. Market Revenue and Volume Forecast, By Application

10.3.6.2. Market Revenue and Volume Forecast, By Product Type

10.4. MEA

10.4.1. Market Revenue and Volume Forecast, By Application

10.4.2. Market Revenue and Volume Forecast, By Product Type

10.4.3. GCC

10.4.3.1. Market Revenue and Volume Forecast, By Application

10.4.3.2. Market Revenue and Volume Forecast, By Product Type

10.4.4. North Africa

10.4.4.1. Market Revenue and Volume Forecast, By Application

10.4.4.2. Market Revenue and Volume Forecast, By Product Type

10.4.5. South Africa

10.4.5.1. Market Revenue and Volume Forecast, By Application

10.4.5.2. Market Revenue and Volume Forecast, By Product Type

10.4.6. Rest of MEA

10.4.6.1. Market Revenue and Volume Forecast, By Application

10.4.6.2. Market Revenue and Volume Forecast, By Product Type

10.5. Latin America

10.5.1. Market Revenue and Volume Forecast, By Application

10.5.2. Market Revenue and Volume Forecast, By Product Type

10.5.3. Brazil

10.5.3.1. Market Revenue and Volume Forecast, By Application

10.5.3.2. Market Revenue and Volume Forecast, By Product Type

10.5.4. Rest of LATAM

10.5.4.1. Market Revenue and Volume Forecast, By Application

10.5.4.2. Market Revenue and Volume Forecast, By Product Type

Chapter 11. Company Profiles

11.1. Amada Machine Tools Co., Ltd.,

11.1.1. Company Overview

11.1.2. Product Offerings

11.1.3. Financial Performance

11.1.4. Recent Initiatives

11.2. Amera-Seiki

11.2.1. Company Overview

11.2.2. Product Offerings

11.2.3. Financial Performance

11.2.4. Recent Initiatives

11.3. DATRON AG

11.3.1. Company Overview

11.3.2. Product Offerings

11.3.3. Financial Performance

11.3.4. Recent Initiatives

11.4. Dalian Machine Tool Group (DMTG) Corporation

11.4.1. Company Overview

11.4.2. Product Offerings

11.4.3. Financial Performance

11.4.4. Recent Initiatives

11.5. DMG Mori Co., Ltd.

11.5.1. Company Overview

11.5.2. Product Offerings

11.5.3. Financial Performance

11.5.4. Recent Initiatives

11.6. FANUC Corporation

11.6.1. Company Overview

11.6.2. Product Offerings

11.6.3. Financial Performance

11.6.4. Recent Initiatives

11.7. Haas Automation, Inc.

11.7.1. Company Overview

11.7.2. Product Offerings

11.7.3. Financial Performance

11.7.4. Recent Initiatives

11.8. Hurco Companies, Inc.

11.8.1. Company Overview

11.8.2. Product Offerings

11.8.3. Financial Performance

11.8.4. Recent Initiatives

11.9. Okuma Corporation

11.9.1. Company Overview

11.9.2. Product Offerings

11.9.3. Financial Performance

11.9.4. Recent Initiatives

11.10. Shenyang Machine Tool Co., Ltd.

11.10.1. Company Overview

11.10.2. Product Offerings

11.10.3. Financial Performance

11.10.4. Recent Initiatives

Chapter 12. Research Methodology

12.1. Primary Research

12.2. Secondary Research

12.3. Assumptions

Chapter 13. Appendix

13.1. About Us

13.2. Glossary of Terms

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Frequently Asked Questions

The global precision engineering machines market size is expected to grow from USD 19.27 billion in 2024 to USD 29.16 billion by 2034.

The precision engineering machines market is anticipated to grow at a CAGR of 4.23% between 2025 and 2034.

The major players operating in the precision engineering machines market are Amada Machine Tools Co., Ltd., Amera-Seiki, DATRON AG, Dalian Machine Tool Group (DMTG) Corporation, DMG Mori Co., Ltd., FANUC Corporation, Haas Automation, Inc., Hurco Companies, Inc., Okuma Corporation, Shenyang Machine Tool Co., Ltd., Yamazaki Mazak Corporation, and Others.

The driving factors of the precision engineering machines market are the growing demand for high-precision components in the defense, automotive, and aerospace industries boosts market growth.

Asia Pacifc region will lead the global precision engineering machines market during the forecast period 2025 to 2034.

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