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Precision Machining- Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031

Industry: Service & Software

Published Date: 2025-02-21

Pages: 96 Pages

Report ld: 4142628

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Description
Table of Contents
Table of Figures
Related Reports
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The global market for Precision Machining was estimated to be worth US$ million in 2024 and is forecast to a readjusted size of US$ million by 2031 with a CAGR of %during the forecast period 2025-2031.

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.

North American market for Precision Machining was valued at $ million in 2024 and will reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.

Asia-Pacific market for Precision Machining was valued at $ million in 2024 and will reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.

Europe market for Precision Machining was valued at $ million in 2024 and will reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.

The global key companies of Precision Machining include MNB Precision, Nidec Corporation, Sanmina, Ascentec, Swiss Precision Machining, Elcon Precision, Oberg Industries, Gemini Group, etc. In 2024, the global five largest players hold a share approximately % in terms of revenue.

This report aims to provide a comprehensive presentation of the global market for Precision Machining, focusing on the total sales revenue, key companies market share and ranking, together with an analysis of Precision Machining by region & country, by Type, and by Application.

The Precision Machining market size, estimations, and forecasts are provided in terms of sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. 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.

MARKET SEGMENTATION

By Company

MNB Precision
Nidec Corporation
Sanmina
Ascentec
Swiss Precision Machining
Elcon Precision
Oberg Industries
Gemini Group

Consumption by Region

North America
- United States
- Canada
Asia-Pacific
- China
- Japan
- South Korea
- Southeast Asia
- India
- Australia
- Rest of Asia-Pacific
Europe
- Germany
- France
- U.K.
- Italy
- Netherlands
- Nordic Countries
- Rest of Europe
Latin America
- Mexico
- Brazil
- Rest of Latin America
Middle East & Africa
- Turkey
- Saudi Arabia
- UAE
- Rest of MEA

Segment by Type

Milling
Turning
Electrical Discharge Machining

Segment by Application

Automobile
Optics
Medicine and Biotechnology
Mechanical
Electronics and Semiconductors
Aerospace and Defense
Others

biaoTi CHAPTER OUTLINE

Chapter 1: Introduces the report scope of the report, global total market size. This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 2: Detailed analysis of Precision Machining company competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 3: 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 4: 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 5: Revenue of Precision Machining in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.

Chapter 6: Revenue of Precision Machining in country level. It provides sigmate data by Type, and by Application for each country/region.

Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.

Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 9: Conclusion.

biaoTi QYRESEARCH'S STRENGTHS

Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the Compound Chocolate value chain, addressing:

Market entry risks/opportunities by region

We identify regional market threats and growth prospects to guide your overseas layout.

Product mix optimization based on local practices

We adjust product portfolios in line with local consumption habits.

Competitor tactics in fragmented vs. consolidated markets

We unpack rivals’ operation strategies for scattered and highly concentrated industries.

Full Research Coverage

We cover competition landscape, full supply chain and quantified market size data, and deliver tailor-made customized surveys to meet your unique business demands.

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We own self-owned massive exclusive databases, backed by 19 years of global market research experience across thousands of sectors.

24/7 Fast Report Delivery

Our team operates 24 hours a day, 365 days a year, enabling ultra-fast report turnaround to respond to your research needs efficiently.

Localized Strategic Analysis

We integrate regional risk assessment, localized product optimization and competitor analysis to deliver actionable market strategies.

Market entry risks/opportunities by region

All data is cross-verified from multiple industry sources to deliver thorough, precise analysis that supports reliable corporate strategic decisions.

Market entry risks/opportunities by region

We provide responsive, dedicated after-sales support to resolve all follow-up inquiries about reports, data and industry interpretation.

TABLE OF CONTENTS

1 Market Overview

1.1 Precision Machining Product Introduction

1.2 Global Precision Machining Market Size Forecast (2020-2031)

1.3 Precision Machining Market Trends & Drivers

1.3.1 Precision Machining Industry Trends

1.3.2 Precision Machining Market Drivers & Opportunity

1.3.3 Precision Machining Market Challenges

1.3.4 Precision Machining Market Restraints

1.4 Assumptions and Limitations

1.5 Study Objectives

1.6 Years Considered

2 Competitive Analysis by Company

2.1 Global Precision Machining Players Revenue Ranking (2024)

2.2 Global Precision Machining Revenue by Company (2020-2025)

2.3 Key Companies Precision Machining Manufacturing Base Distribution and Headquarters

2.4 Key Companies Precision Machining Product Offered

2.5 Key Companies Time to Begin Mass Production of Precision Machining

2.6 Precision Machining Market Competitive Analysis

2.6.1 Precision Machining Market Concentration Rate (2020-2025)

2.6.2 Global 5 and 10 Largest Companies by Precision Machining Revenue in 2024

2.6.3 Global Top Companies by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Precision Machining as of 2024)

2.7 Mergers & Acquisitions, Expansion

3 Segmentation by Type

3.1 Introduction by Type

3.1.1 Milling

3.1.2 Turning

3.1.3 Electrical Discharge Machining

3.2 Global Precision Machining Sales Value by Type

3.2.1 Global Precision Machining Sales Value by Type (2020 VS 2024 VS 2031)

3.2.2 Global Precision Machining Sales Value, by Type (2020-2031)

3.2.3 Global Precision Machining Sales Value, by Type (%) (2020-2031)

4 Segmentation by Application

4.1 Introduction by Application

4.1.1 Automobile

4.1.2 Optics

4.1.3 Medicine and Biotechnology

4.1.4 Mechanical

4.1.5 Electronics and Semiconductors

4.1.6 Aerospace and Defense

4.1.7 Others

4.2 Global Precision Machining Sales Value by Application

4.2.1 Global Precision Machining Sales Value by Application (2020 VS 2024 VS 2031)

4.2.2 Global Precision Machining Sales Value, by Application (2020-2031)

4.2.3 Global Precision Machining Sales Value, by Application (%) (2020-2031)

5 Segmentation by Region

5.1 Global Precision Machining Sales Value by Region

5.1.1 Global Precision Machining Sales Value by Region: 2020 VS 2024 VS 2031

5.1.2 Global Precision Machining Sales Value by Region (2020-2025)

5.1.3 Global Precision Machining Sales Value by Region (2026-2031)

5.1.4 Global Precision Machining Sales Value by Region (%), (2020-2031)

5.2 North America

5.2.1 North America Precision Machining Sales Value, 2020-2031

5.2.2 North America Precision Machining Sales Value by Country (%), 2024 VS 2031

5.3 Europe

5.3.1 Europe Precision Machining Sales Value, 2020-2031

5.3.2 Europe Precision Machining Sales Value by Country (%), 2024 VS 2031

5.4 Asia Pacific

5.4.1 Asia Pacific Precision Machining Sales Value, 2020-2031

5.4.2 Asia Pacific Precision Machining Sales Value by Region (%), 2024 VS 2031

5.5 South America

5.5.1 South America Precision Machining Sales Value, 2020-2031

5.5.2 South America Precision Machining Sales Value by Country (%), 2024 VS 2031

5.6 Middle East & Africa

5.6.1 Middle East & Africa Precision Machining Sales Value, 2020-2031

5.6.2 Middle East & Africa Precision Machining Sales Value by Country (%), 2024 VS 2031

6 Segmentation by Key Countries/Regions

6.1 Key Countries/Regions Precision Machining Sales Value Growth Trends, 2020 VS 2024 VS 2031

6.2 Key Countries/Regions Precision Machining Sales Value, 2020-2031

6.3 United States

6.3.1 United States Precision Machining Sales Value, 2020-2031

6.3.2 United States Precision Machining Sales Value by Type (%), 2024 VS 2031

6.3.3 United States Precision Machining Sales Value by Application, 2024 VS 2031

6.4 Europe

6.4.1 Europe Precision Machining Sales Value, 2020-2031

6.4.2 Europe Precision Machining Sales Value by Type (%), 2024 VS 2031

6.4.3 Europe Precision Machining Sales Value by Application, 2024 VS 2031

6.5 China

6.5.1 China Precision Machining Sales Value, 2020-2031

6.5.2 China Precision Machining Sales Value by Type (%), 2024 VS 2031

6.5.3 China Precision Machining Sales Value by Application, 2024 VS 2031

6.6 Japan

6.6.1 Japan Precision Machining Sales Value, 2020-2031

6.6.2 Japan Precision Machining Sales Value by Type (%), 2024 VS 2031

6.6.3 Japan Precision Machining Sales Value by Application, 2024 VS 2031

6.7 South Korea

6.7.1 South Korea Precision Machining Sales Value, 2020-2031

6.7.2 South Korea Precision Machining Sales Value by Type (%), 2024 VS 2031

6.7.3 South Korea Precision Machining Sales Value by Application, 2024 VS 2031

6.8 Southeast Asia

6.8.1 Southeast Asia Precision Machining Sales Value, 2020-2031

6.8.2 Southeast Asia Precision Machining Sales Value by Type (%), 2024 VS 2031

6.8.3 Southeast Asia Precision Machining Sales Value by Application, 2024 VS 2031

6.9 India

6.9.1 India Precision Machining Sales Value, 2020-2031

6.9.2 India Precision Machining Sales Value by Type (%), 2024 VS 2031

6.9.3 India Precision Machining Sales Value by Application, 2024 VS 2031

7 Company Profiles

7.1 MNB Precision

7.1.1 MNB Precision Profile

7.1.2 MNB Precision Main Business

7.1.3 MNB Precision Precision Machining Products, Services and Solutions

7.1.4 MNB Precision Precision Machining Revenue (US$ Million) & (2020-2025)

7.1.5 MNB Precision Recent Developments

7.2 Nidec Corporation

7.2.1 Nidec Corporation Profile

7.2.2 Nidec Corporation Main Business

7.2.3 Nidec Corporation Precision Machining Products, Services and Solutions

7.2.4 Nidec Corporation Precision Machining Revenue (US$ Million) & (2020-2025)

7.2.5 Nidec Corporation Recent Developments

7.3 Sanmina

7.3.1 Sanmina Profile

7.3.2 Sanmina Main Business

7.3.3 Sanmina Precision Machining Products, Services and Solutions

7.3.4 Sanmina Precision Machining Revenue (US$ Million) & (2020-2025)

7.3.5 Sanmina Recent Developments

7.4 Ascentec

7.4.1 Ascentec Profile

7.4.2 Ascentec Main Business

7.4.3 Ascentec Precision Machining Products, Services and Solutions

7.4.4 Ascentec Precision Machining Revenue (US$ Million) & (2020-2025)

7.4.5 Ascentec Recent Developments

7.5 Swiss Precision Machining

7.5.1 Swiss Precision Machining Profile

7.5.2 Swiss Precision Machining Main Business

7.5.3 Swiss Precision Machining Precision Machining Products, Services and Solutions

7.5.4 Swiss Precision Machining Precision Machining Revenue (US$ Million) & (2020-2025)

7.5.5 Swiss Precision Machining Recent Developments

7.6 Elcon Precision

7.6.1 Elcon Precision Profile

7.6.2 Elcon Precision Main Business

7.6.3 Elcon Precision Precision Machining Products, Services and Solutions

7.6.4 Elcon Precision Precision Machining Revenue (US$ Million) & (2020-2025)

7.6.5 Elcon Precision Recent Developments

7.7 Oberg Industries

7.7.1 Oberg Industries Profile

7.7.2 Oberg Industries Main Business

7.7.3 Oberg Industries Precision Machining Products, Services and Solutions

7.7.4 Oberg Industries Precision Machining Revenue (US$ Million) & (2020-2025)

7.7.5 Oberg Industries Recent Developments

7.8 Gemini Group

7.8.1 Gemini Group Profile

7.8.2 Gemini Group Main Business

7.8.3 Gemini Group Precision Machining Products, Services and Solutions

7.8.4 Gemini Group Precision Machining Revenue (US$ Million) & (2020-2025)

7.8.5 Gemini Group Recent Developments

8 Industry Chain Analysis

8.1 Precision Machining Industrial Chain

8.2 Precision Machining Upstream Analysis

8.2.1 Key Raw Materials

8.2.2 Raw Materials Key Suppliers

8.2.3 Manufacturing Cost Structure

8.3 Midstream Analysis

8.4 Downstream Analysis (Customers Analysis)

8.5 Sales Model and Sales Channels

8.5.1 Precision Machining Sales Model

8.5.2 Sales Channel

8.5.3 Precision Machining Distributors

9 Research Findings and Conclusion

10 Appendix

10.1 Research Methodology

10.1.1 Methodology/Research Approach

10.1.1.1 Research Programs/Design

10.1.1.2 Market Size Estimation

10.1.1.3 Market Breakdown and Data Triangulation

10.1.2 Data Source

10.1.2.1 Secondary Sources

10.1.2.2 Primary Sources

10.2 Author Details

10.3 Disclaimer

TABLE OF FIGURES

List of Tables

Table 1. Precision Machining Market Trends

Table 2. Precision Machining Market Drivers & Opportunity

Table 3. Precision Machining Market Challenges

Table 4. Precision Machining Market Restraints

Table 5. Global Precision Machining Revenue by Company (2020-2025) & (US$ Million)

Table 6. Global Precision Machining Revenue Market Share by Company (2020-2025)

Table 7. Key Companies Precision Machining Manufacturing Base Distribution and Headquarters

Table 8. Key Companies Precision Machining Product Type

Table 9. Key Companies Time to Begin Mass Production of Precision Machining

Table 10. Global Precision Machining Companies Market Concentration Ratio (CR5 and HHI)

Table 11. Global Top Companies Market Share by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Precision Machining as of 2024)

Table 12. Mergers & Acquisitions, Expansion Plans

Table 13. Global Precision Machining Sales Value by Type: 2020 VS 2024 VS 2031 (US$ Million)

Table 14. Global Precision Machining Sales Value by Type (2020-2025) & (US$ Million)

Table 15. Global Precision Machining Sales Value by Type (2026-2031) & (US$ Million)

Table 16. Global Precision Machining Sales Market Share in Value by Type (2020-2025)

Table 17. Global Precision Machining Sales Market Share in Value by Type (2026-2031)

Table 18. Global Precision Machining Sales Value by Application: 2020 VS 2024 VS 2031 (US$ Million)

Table 19. Global Precision Machining Sales Value by Application (2020-2025) & (US$ Million)

Table 20. Global Precision Machining Sales Value by Application (2026-2031) & (US$ Million)

Table 21. Global Precision Machining Sales Market Share in Value by Application (2020-2025)

Table 22. Global Precision Machining Sales Market Share in Value by Application (2026-2031)

Table 23. Global Precision Machining Sales Value by Region, (2020 VS 2024 VS 2031) & (US$ Million)

Table 24. Global Precision Machining Sales Value by Region (2020-2025) & (US$ Million)

Table 25. Global Precision Machining Sales Value by Region (2026-2031) & (US$ Million)

Table 26. Global Precision Machining Sales Value by Region (2020-2025) & (%)

Table 27. Global Precision Machining Sales Value by Region (2026-2031) & (%)

Table 28. Key Countries/Regions Precision Machining Sales Value Growth Trends, (US$ Million): 2020 VS 2024 VS 2031

Table 29. Key Countries/Regions Precision Machining Sales Value, (2020-2025) & (US$ Million)

Table 30. Key Countries/Regions Precision Machining Sales Value, (2026-2031) & (US$ Million)

Table 31. MNB Precision Basic Information List

Table 32. MNB Precision Description and Business Overview

Table 33. MNB Precision Precision Machining Products, Services and Solutions

Table 34. Revenue (US$ Million) in Precision Machining Business of MNB Precision (2020-2025)

Table 35. MNB Precision Recent Developments

Table 36. Nidec Corporation Basic Information List

Table 37. Nidec Corporation Description and Business Overview

Table 38. Nidec Corporation Precision Machining Products, Services and Solutions

Table 39. Revenue (US$ Million) in Precision Machining Business of Nidec Corporation (2020-2025)

Table 40. Nidec Corporation Recent Developments

Table 41. Sanmina Basic Information List

Table 42. Sanmina Description and Business Overview

Table 43. Sanmina Precision Machining Products, Services and Solutions

Table 44. Revenue (US$ Million) in Precision Machining Business of Sanmina (2020-2025)

Table 45. Sanmina Recent Developments

Table 46. Ascentec Basic Information List

Table 47. Ascentec Description and Business Overview

Table 48. Ascentec Precision Machining Products, Services and Solutions

Table 49. Revenue (US$ Million) in Precision Machining Business of Ascentec (2020-2025)

Table 50. Ascentec Recent Developments

Table 51. Swiss Precision Machining Basic Information List

Table 52. Swiss Precision Machining Description and Business Overview

Table 53. Swiss Precision Machining Precision Machining Products, Services and Solutions

Table 54. Revenue (US$ Million) in Precision Machining Business of Swiss Precision Machining (2020-2025)

Table 55. Swiss Precision Machining Recent Developments

Table 56. Elcon Precision Basic Information List

Table 57. Elcon Precision Description and Business Overview

Table 58. Elcon Precision Precision Machining Products, Services and Solutions

Table 59. Revenue (US$ Million) in Precision Machining Business of Elcon Precision (2020-2025)

Table 60. Elcon Precision Recent Developments

Table 61. Oberg Industries Basic Information List

Table 62. Oberg Industries Description and Business Overview

Table 63. Oberg Industries Precision Machining Products, Services and Solutions

Table 64. Revenue (US$ Million) in Precision Machining Business of Oberg Industries (2020-2025)

Table 65. Oberg Industries Recent Developments

Table 66. Gemini Group Basic Information List

Table 67. Gemini Group Description and Business Overview

Table 68. Gemini Group Precision Machining Products, Services and Solutions

Table 69. Revenue (US$ Million) in Precision Machining Business of Gemini Group (2020-2025)

Table 70. Gemini Group Recent Developments

Table 71. Key Raw Materials Lists

Table 72. Raw Materials Key Suppliers Lists

Table 73. Precision Machining Downstream Customers

Table 74. Precision Machining Distributors List

Table 75. Research Programs/Design for This Report

Table 76. Key Data Information from Secondary Sources

Table 77. Key Data Information from Primary Sources

Table 78. Business Unit and Senior & Team Lead Analysts

List of Figures

Figure 1. Precision Machining Product Picture

Figure 2. Global Precision Machining Sales Value, 2020 VS 2024 VS 2031 (US$ Million)

Figure 3. Global Precision Machining Sales Value (2020-2031) & (US$ Million)

Figure 4. Precision Machining Report Years Considered

Figure 5. Global Precision Machining Players Revenue Ranking (2024) & (US$ Million)

Figure 6. The 5 and 10 Largest Companies in the World: Market Share by Precision Machining Revenue in 2024

Figure 7. Precision Machining Market Share by Company Type (Tier 1, Tier 2, and Tier 3): 2020 VS 2024

Figure 8. Milling Picture

Figure 9. Turning Picture

Figure 10. Electrical Discharge Machining Picture

Figure 11. Global Precision Machining Sales Value by Type (2020 VS 2024 VS 2031) & (US$ Million)

Figure 12. Global Precision Machining Sales Value Market Share by Type, 2024 & 2031

Figure 13. Product Picture of Automobile

Figure 14. Product Picture of Optics

Figure 15. Product Picture of Medicine and Biotechnology

Figure 16. Product Picture of Mechanical

Figure 17. Product Picture of Electronics and Semiconductors

Figure 18. Product Picture of Aerospace and Defense

Figure 19. Product Picture of Others

Figure 20. Global Precision Machining Sales Value by Application (2020 VS 2024 VS 2031) & (US$ Million)

Figure 21. Global Precision Machining Sales Value Market Share by Application, 2024 & 2031

Figure 22. North America Precision Machining Sales Value (2020-2031) & (US$ Million)

Figure 23. North America Precision Machining Sales Value by Country (%), 2024 VS 2031

Figure 24. Europe Precision Machining Sales Value, (2020-2031) & (US$ Million)

Figure 25. Europe Precision Machining Sales Value by Country (%), 2024 VS 2031

Figure 26. Asia Pacific Precision Machining Sales Value, (2020-2031) & (US$ Million)

Figure 27. Asia Pacific Precision Machining Sales Value by Region (%), 2024 VS 2031

Figure 28. South America Precision Machining Sales Value, (2020-2031) & (US$ Million)

Figure 29. South America Precision Machining Sales Value by Country (%), 2024 VS 2031

Figure 30. Middle East & Africa Precision Machining Sales Value, (2020-2031) & (US$ Million)

Figure 31. Middle East & Africa Precision Machining Sales Value by Country (%), 2024 VS 2031

Figure 32. Key Countries/Regions Precision Machining Sales Value (%), (2020-2031)

Figure 33. United States Precision Machining Sales Value, (2020-2031) & (US$ Million)

Figure 34. United States Precision Machining Sales Value by Type (%), 2024 VS 2031

Figure 35. United States Precision Machining Sales Value by Application (%), 2024 VS 2031

Figure 36. Europe Precision Machining Sales Value, (2020-2031) & (US$ Million)

Figure 37. Europe Precision Machining Sales Value by Type (%), 2024 VS 2031

Figure 38. Europe Precision Machining Sales Value by Application (%), 2024 VS 2031

Figure 39. China Precision Machining Sales Value, (2020-2031) & (US$ Million)

Figure 40. China Precision Machining Sales Value by Type (%), 2024 VS 2031

Figure 41. China Precision Machining Sales Value by Application (%), 2024 VS 2031

Figure 42. Japan Precision Machining Sales Value, (2020-2031) & (US$ Million)

Figure 43. Japan Precision Machining Sales Value by Type (%), 2024 VS 2031

Figure 44. Japan Precision Machining Sales Value by Application (%), 2024 VS 2031

Figure 45. South Korea Precision Machining Sales Value, (2020-2031) & (US$ Million)

Figure 46. South Korea Precision Machining Sales Value by Type (%), 2024 VS 2031

Figure 47. South Korea Precision Machining Sales Value by Application (%), 2024 VS 2031

Figure 48. Southeast Asia Precision Machining Sales Value, (2020-2031) & (US$ Million)

Figure 49. Southeast Asia Precision Machining Sales Value by Type (%), 2024 VS 2031

Figure 50. Southeast Asia Precision Machining Sales Value by Application (%), 2024 VS 2031

Figure 51. India Precision Machining Sales Value, (2020-2031) & (US$ Million)

Figure 52. India Precision Machining Sales Value by Type (%), 2024 VS 2031

Figure 53. India Precision Machining Sales Value by Application (%), 2024 VS 2031

Figure 54. Precision Machining Industrial Chain

Figure 55. Precision Machining Manufacturing Cost Structure

Figure 56. Channels of Distribution (Direct Sales, and Distribution)

Figure 57. Bottom-up and Top-down Approaches for This Report

Figure 58. Data Triangulation

Figure 59. Key Executives Interviewed

KEY QUESTIONS ADDRESSED BY THE REPORT

Which companies rank high in the global Precision Machining market? zhanKai

The top companies in the global Precision Machining market are MNB Precision、Nidec Corporation、Sanmina.

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