The Latin America, Middle East and Africa Precision Engineering Machines Market would witness market growth of 9.3% CAGR during the forecast period (2021-2027).
Precision engineering machines replicate the dimensions and features of any product which is fed by the user into the machine systems and produce clones of the product according to the requirement of the manufacturers. Moreover, these machines offer a well-defined quality and enhanced accuracy of the manufactured products along with a longer lifespan which fulfills the needs of both the customer and the manufacturer.
Precision engineering machines are considered as one of the most productive innovations for conducting the manufacturing procedures of numerous essential products as they reduce waste and make the manufacturing process more efficient. Moreover, low amount of material waste during manufacturing leads to significant savings for the manufacturer.
LAMEA is also a promising region for the growth of the precision engineering market due to the increasing number of developments in numerous fields including technology and precision engineering across the country. Moreover, the government of Brazil is all set to build a high-speed railway link between Rio de Janeiro and Sao Paulo in the future. The construction of a high-speed link requires accurate measurement of the spaces and the exact and precise size of the parts that would be used. Precision engineering machines solutions would play a major role in the construction of the link due to the required accuracy and precision.
The Brazil market dominated the LAMEA Precision Engineering Machines Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $250.3 million by 2027. The Argentina market is anticipated to grow at CAGR of 9.8% during (2021 - 2027). Additionally, The UAE market would showcase a CAGR of 9% during (2021 - 2027).
Based on End User, the market is segmented into Non-Automotive (Engineering & Capital Goods, Power & Energy, Aerospace & Defense, and Others) and Automotive. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Precision Engineering Machines Market is Predict to reach $16.7 Billion by 2027, at a CAGR of 6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Amera-Seiki Corporation, DATRON AG, Haas Automation, Inc., Hurco Companies, Inc., AMADA CO., LTD., Okuma Corporation, Yamazaki Mazak Corporation, Dalian Machine Tool Group (DMTG) Corporation, DMG Mori Co. Ltd., and FANUC Corporation.
Scope of the Study
Market Segments Covered in the Report:
By End User
- Non- Automotive
- Engineering & Capital Goods
- Power & Energy
- Aerospace & Defense
- Others
- Automotive
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Amera-Seiki Corporation
- DATRON AG
- Haas Automation, Inc.
- Hurco Companies, Inc.
- AMADA CO., LTD.
- Okuma Corporation
- Yamazaki Mazak Corporation
- Dalian Machine Tool Group (DMTG) Corporation
- DMG Mori Co. Ltd.
- FANUC Corporation
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Precision Engineering Machines Market, by End User
1.4.2 LAMEA Precision Engineering Machines Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market composition and scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisitions and Mergers
3.2.4 Geographical Expansions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2017-2021)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions: 2019, Aug – 2021, Oct) Leading Players
Chapter 4. LAMEA Precision Engineering Machines Market by End Use
4.1 LAMEA Non-Automotive Precision Engineering Machines Market by Country
4.2 LAMEA Precision Engineering Machines Market by Non-Automotive Type
4.2.1 LAMEA Engineering & Capital Goods Precision Engineering Machines Market by Country
4.2.2 LAMEA Power & Energy Precision Engineering Machines Market by Country
4.2.3 LAMEA Aerospace & Defense Precision Engineering Machines Market by Country
4.2.4 LAMEA Others Precision Engineering Machines Market by Country
4.3 LAMEA Automotive Precision Engineering Machines Market by Country
Chapter 5. LAMEA Precision Engineering Machines Market by Country
5.1 Brazil Precision Engineering Machines Market
5.1.1 Brazil Precision Engineering Machines Market by End Use
5.1.1.1 Brazil Precision Engineering Machines Market by Non-Automotive Type
5.2 Argentina Precision Engineering Machines Market
5.2.1 Argentina Precision Engineering Machines Market by End Use
5.2.1.1 Argentina Precision Engineering Machines Market by Non-Automotive Type
5.3 UAE Precision Engineering Machines Market
5.3.1 UAE Precision Engineering Machines Market by End Use
5.3.1.1 UAE Precision Engineering Machines Market by Non-Automotive Type
5.4 Saudi Arabia Precision Engineering Machines Market
5.4.1 Saudi Arabia Precision Engineering Machines Market by End Use
5.4.1.1 Saudi Arabia Precision Engineering Machines Market by Non-Automotive Type
5.5 South Africa Precision Engineering Machines Market
5.5.1 South Africa Precision Engineering Machines Market by End Use
5.5.1.1 South Africa Precision Engineering Machines Market by Non-Automotive Type
5.6 Nigeria Precision Engineering Machines Market
5.6.1 Nigeria Precision Engineering Machines Market by End Use
5.6.1.1 Nigeria Precision Engineering Machines Market by Non-Automotive Type
5.7 Rest of LAMEA Precision Engineering Machines Market
5.7.1 Rest of LAMEA Precision Engineering Machines Market by End Use
5.7.1.1 Rest of LAMEA Precision Engineering Machines Market by Non-Automotive Type
Chapter 6. Company Profiles
6.1 Amera-Seiki Corporation
6.1.1 Company Overview
6.2 DATRON AG
6.2.1 Company Overview
6.2.2 Financial Analysis
6.2.3 Regional Analysis
6.2.4 Research & Development Expenses
6.2.5 Recent strategies and developments:
6.2.5.1 Partnerships, Collaborations, and Agreements:
6.2.5.2 Product Launches and Product Expansions:
6.3 Haas Automation, Inc.
6.3.1 Company Overview
6.4 Hurco Companies, Inc.
6.4.1 Company Overview
6.4.2 Financial Analysis
6.4.3 Regional Analysis
6.4.4 Research & Development Expenses
6.4.5 Recent strategies and developments:
6.4.5.1 Partnerships, Collaborations, and Agreements:
6.4.5.2 Product Launches and Product Expansions:
6.4.6 SWOT Analysis
6.5 AMADA CO., LTD.
6.5.1 Company Overview
6.5.2 Financial Analysis
6.5.3 Segmental and Regional Analysis
6.5.4 Research & Development Expenses
6.5.5 Recent strategies and developments:
6.5.5.1 Product Launches and Product Expansions:
6.5.5.2 Acquisitions and Mergers:
6.5.6 SWOT Analysis
6.6 Okuma Corporation
6.6.1 Company Overview
6.6.2 Financial Analysis
6.6.3 Regional Analysis
6.6.4 Research & Development Expenses
6.6.5 Recent strategies and developments:
6.6.5.1 Product Launches and Product Expansions:
6.6.5.2 Geographical Expansions:
6.6.6 SWOT Analysis
6.7 Yamazaki Mazak Corporation
6.7.1 Company Overview
6.7.2 Recent strategies and developments:
6.7.2.1 Partnerships, Collaborations, and Agreements:
6.8 Dalian Machine Tool Group (DMTG) Corporation
6.8.1 Company Overview
6.9 DMG MORI CO., LTD.
6.9.1 Company Overview
6.9.2 Financial Analysis
6.9.3 Segmental and Regional Analysis
6.9.4 Recent strategies and developments:
6.9.4.1 Partnerships, Collaborations, and Agreements:
6.9.4.2 Product Launches and Product Expansions:
6.9.4.3 Acquisitions and Mergers:
6.10. FANUC Corporation
6.10.1 Company Overview
6.10.2 Financial Analysis
6.10.3 Regional Analysis
6.10.4 Research & Development Expense
6.10.5 Recent strategies and developments:
6.10.5.1 Product Launches and Product Expansions:
TABLE 1 LAMEA Precision Engineering Machines Market, 2017 - 2020, USD Million
TABLE 2 LAMEA Precision Engineering Machines Market, 2021 - 2027, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Precision Engineering Machines Market
TABLE 4 Product Launches And Product Expansions– Precision Engineering Machines Market
TABLE 5 Acquisitions and Mergers– Precision Engineering Machines Market
TABLE 6 Geographical Expansions– Precision Engineering Machines Market
TABLE 7 LAMEA Precision Engineering Machines Market by End Use, 2017 - 2020, USD Million
TABLE 8 LAMEA Precision Engineering Machines Market by End Use, 2021 - 2027, USD Million
TABLE 9 LAMEA Non-Automotive Precision Engineering Machines Market by Country, 2017 - 2020, USD Million
TABLE 10 LAMEA Non-Automotive Precision Engineering Machines Market by Country, 2021 - 2027, USD Million
TABLE 11 LAMEA Precision Engineering Machines Market by Non-Automotive Type, 2017 - 2020, USD Million
TABLE 12 LAMEA Precision Engineering Machines Market by Non-Automotive Type, 2021 - 2027, USD Million
TABLE 13 LAMEA Engineering & Capital Goods Precision Engineering Machines Market by Country, 2017 - 2020, USD Million
TABLE 14 LAMEA Engineering & Capital Goods Precision Engineering Machines Market by Country, 2021 - 2027, USD Million
TABLE 15 LAMEA Power & Energy Precision Engineering Machines Market by Country, 2017 - 2020, USD Million
TABLE 16 LAMEA Power & Energy Precision Engineering Machines Market by Country, 2021 - 2027, USD Million
TABLE 17 LAMEA Aerospace & Defense Precision Engineering Machines Market by Country, 2017 - 2020, USD Million
TABLE 18 LAMEA Aerospace & Defense Precision Engineering Machines Market by Country, 2021 - 2027, USD Million
TABLE 19 LAMEA Others Precision Engineering Machines Market by Country, 2017 - 2020, USD Million
TABLE 20 LAMEA Others Precision Engineering Machines Market by Country, 2021 - 2027, USD Million
TABLE 21 LAMEA Automotive Precision Engineering Machines Market by Country, 2017 - 2020, USD Million
TABLE 22 LAMEA Automotive Precision Engineering Machines Market by Country, 2021 - 2027, USD Million
TABLE 23 LAMEA Precision Engineering Machines Market by Country, 2017 - 2020, USD Million
TABLE 24 LAMEA Precision Engineering Machines Market by Country, 2021 - 2027, USD Million
TABLE 25 Brazil Precision Engineering Machines Market, 2017 - 2020, USD Million
TABLE 26 Brazil Precision Engineering Machines Market, 2021 - 2027, USD Million
TABLE 27 Brazil Precision Engineering Machines Market by End Use, 2017 - 2020, USD Million
TABLE 28 Brazil Precision Engineering Machines Market by End Use, 2021 - 2027, USD Million
TABLE 29 Brazil Precision Engineering Machines Market by Non-Automotive Type, 2017 - 2020, USD Million
TABLE 30 Brazil Precision Engineering Machines Market by Non-Automotive Type, 2021 - 2027, USD Million
TABLE 31 Argentina Precision Engineering Machines Market, 2017 - 2020, USD Million
TABLE 32 Argentina Precision Engineering Machines Market, 2021 - 2027, USD Million
TABLE 33 Argentina Precision Engineering Machines Market by End Use, 2017 - 2020, USD Million
TABLE 34 Argentina Precision Engineering Machines Market by End Use, 2021 - 2027, USD Million
TABLE 35 Argentina Precision Engineering Machines Market by Non-Automotive Type, 2017 - 2020, USD Million
TABLE 36 Argentina Precision Engineering Machines Market by Non-Automotive Type, 2021 - 2027, USD Million
TABLE 37 UAE Precision Engineering Machines Market, 2017 - 2020, USD Million
TABLE 38 UAE Precision Engineering Machines Market, 2021 - 2027, USD Million
TABLE 39 UAE Precision Engineering Machines Market by End Use, 2017 - 2020, USD Million
TABLE 40 UAE Precision Engineering Machines Market by End Use, 2021 - 2027, USD Million
TABLE 41 UAE Precision Engineering Machines Market by Non-Automotive Type, 2017 - 2020, USD Million
TABLE 42 UAE Precision Engineering Machines Market by Non-Automotive Type, 2021 - 2027, USD Million
TABLE 43 Saudi Arabia Precision Engineering Machines Market, 2017 - 2020, USD Million
TABLE 44 Saudi Arabia Precision Engineering Machines Market, 2021 - 2027, USD Million
TABLE 45 Saudi Arabia Precision Engineering Machines Market by End Use, 2017 - 2020, USD Million
TABLE 46 Saudi Arabia Precision Engineering Machines Market by End Use, 2021 - 2027, USD Million
TABLE 47 Saudi Arabia Precision Engineering Machines Market by Non-Automotive Type, 2017 - 2020, USD Million
TABLE 48 Saudi Arabia Precision Engineering Machines Market by Non-Automotive Type, 2021 - 2027, USD Million
TABLE 49 South Africa Precision Engineering Machines Market, 2017 - 2020, USD Million
TABLE 50 South Africa Precision Engineering Machines Market, 2021 - 2027, USD Million
TABLE 51 South Africa Precision Engineering Machines Market by End Use, 2017 - 2020, USD Million
TABLE 52 South Africa Precision Engineering Machines Market by End Use, 2021 - 2027, USD Million
TABLE 53 South Africa Precision Engineering Machines Market by Non-Automotive Type, 2017 - 2020, USD Million
TABLE 54 South Africa Precision Engineering Machines Market by Non-Automotive Type, 2021 - 2027, USD Million
TABLE 55 Nigeria Precision Engineering Machines Market, 2017 - 2020, USD Million
TABLE 56 Nigeria Precision Engineering Machines Market, 2021 - 2027, USD Million
TABLE 57 Nigeria Precision Engineering Machines Market by End Use, 2017 - 2020, USD Million
TABLE 58 Nigeria Precision Engineering Machines Market by End Use, 2021 - 2027, USD Million
TABLE 59 Nigeria Precision Engineering Machines Market by Non-Automotive Type, 2017 - 2020, USD Million
TABLE 60 Nigeria Precision Engineering Machines Market by Non-Automotive Type, 2021 - 2027, USD Million
TABLE 61 Rest of LAMEA Precision Engineering Machines Market, 2017 - 2020, USD Million
TABLE 62 Rest of LAMEA Precision Engineering Machines Market, 2021 - 2027, USD Million
TABLE 63 Rest of LAMEA Precision Engineering Machines Market by End Use, 2017 - 2020, USD Million
TABLE 64 Rest of LAMEA Precision Engineering Machines Market by End Use, 2021 - 2027, USD Million
TABLE 65 Rest of LAMEA Precision Engineering Machines Market by Non-Automotive Type, 2017 - 2020, USD Million
TABLE 66 Rest of LAMEA Precision Engineering Machines Market by Non-Automotive Type, 2021 - 2027, USD Million
TABLE 67 Key Information – Amera-Seiki Corporation
TABLE 68 Key Information – DATRON AG
TABLE 69 Key Information – Haas Automation, Inc.
TABLE 70 Key Information – Hurco Companies, Inc.
TABLE 71 Key Information – AMADA CO., LTD.
TABLE 72 Key Information – Okuma Corporation
TABLE 73 Key information – Yamazaki Mazak Corporation
TABLE 74 key information – Dalian Machine Tool Group (DMTG) Corporation
TABLE 75 Key Information – DMG Mori Co. Ltd.
TABLE 76 key information – FANUC Corporation
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2017-2021)
FIG 4 Key Strategic Move: (Product Launches and Product Expansions : 2019, Aug – 2021, Oct) Leading Players
FIG 5 Recent strategies and developments: DATRON AG
FIG 6 swot analysis: hurco companies, inc.
FIG 7 Recent strategies and developments: AMADA CO., LTD.
FIG 8 SWOT Analysis: Amada Co., Ltd.
FIG 9 Recent strategies and developments: Okuma Corporation
FIG 10 SWOT Analysis: Okuma Corporation
FIG 11 Recent strategies and developments: DMG Mori Co. Ltd.