The North America Precision Engineering Machines Market would witness market growth of 5.8% CAGR during the forecast period (2021-2027).
Precision engineering machines comprise numerous other distinct functions such as low tolerance. The low tolerance function of the technology describes exceptionally small or no variation in the outcomes of the machine. Precision engineering machines have the ability to manufacture numerous products without any differences in the physical or functional attributes of the product. With the help of these machines, the attempts to manufacture products with the same dimensions and features are consistent as well as precise under the same conditions each time. The integration of all these benefits and advantages into a single solution facilitated the production of final goods as well as intermediate goods for manufacturers.
North America is observing an increased demand for precision engineering machines due to the rising demand for a sharp and precise production solution. Moreover, many countries like the US and Canada are witnessing a large number of job openings in the field of precision engineering. Moreover, the region has well-established presence of many manufacturing companies which would require precision engineering machines.
Moreover, the existence of NEDEC in Mexico is a significant benefit for industries of all sizes including large-scale, small-scale, and medium-scale companies. NEDEC is a supplier of various essential machining parts as well as a huge vendor of precision engineering which is situated in Mexico. Furthermore, precision engineering machines are also being utilized in the field of synthetic biology across the US by conducting large-scale genotype-phenotype landscape measurements for precision engineering of living measurement systems. These are the factors that are boosting the demand for precision engineering machines and tools across North America.
The US market dominated the North America Precision Engineering Machines Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $3.4 billion by 2027. The Canada market is estimated to witness a CAGR of 8.2% during (2021 - 2027). Additionally, The Mexico market would experience a CAGR of 7.3% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Precision Engineering Machines Market is Estimated 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
- US
- Canada
- Mexico
- Rest of North America
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 North America Precision Engineering Machines Market, by End User
1.4.2 North America 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. North America Precision Engineering Machines Market by End Use
4.1 North America Non-Automotive Precision Engineering Machines Market by Country
4.2 North America Precision Engineering Machines Market by Non-Automotive Type
4.2.1 North America Engineering & Capital Goods Precision Engineering Machines Market by Country
4.2.2 North America Power & Energy Precision Engineering Machines Market by Country
4.2.3 North America Aerospace & Defense Precision Engineering Machines Market by Country
4.2.4 North America Others Precision Engineering Machines Market by Country
4.3 North America Automotive Precision Engineering Machines Market by Country
Chapter 5. North America Precision Engineering Machines Market by Country
5.1 US Precision Engineering Machines Market
5.1.1 US Precision Engineering Machines Market by End Use
5.1.1.1 US Precision Engineering Machines Market by Non-Automotive Type
5.2 Canada Precision Engineering Machines Market
5.2.1 Canada Precision Engineering Machines Market by End Use
5.2.1.1 Canada Precision Engineering Machines Market by Non-Automotive Type
5.3 Mexico Precision Engineering Machines Market
5.3.1 Mexico Precision Engineering Machines Market by End Use
5.3.1.1 Mexico Precision Engineering Machines Market by Non-Automotive Type
5.4 Rest of North America Precision Engineering Machines Market
5.4.1 Rest of North America Precision Engineering Machines Market by End Use
5.4.1.1 Rest of North America 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 North America Precision Engineering Machines Market, 2017 - 2020, USD Million
TABLE 2 North America 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 North America Precision Engineering Machines Market by End Use, 2017 - 2020, USD Million
TABLE 8 North America Precision Engineering Machines Market by End Use, 2021 - 2027, USD Million
TABLE 9 North America Non-Automotive Precision Engineering Machines Market by Country, 2017 - 2020, USD Million
TABLE 10 North America Non-Automotive Precision Engineering Machines Market by Country, 2021 - 2027, USD Million
TABLE 11 North America Precision Engineering Machines Market by Non-Automotive Type, 2017 - 2020, USD Million
TABLE 12 North America Precision Engineering Machines Market by Non-Automotive Type, 2021 - 2027, USD Million
TABLE 13 North America Engineering & Capital Goods Precision Engineering Machines Market by Country, 2017 - 2020, USD Million
TABLE 14 North America Engineering & Capital Goods Precision Engineering Machines Market by Country, 2021 - 2027, USD Million
TABLE 15 North America Power & Energy Precision Engineering Machines Market by Country, 2017 - 2020, USD Million
TABLE 16 North America Power & Energy Precision Engineering Machines Market by Country, 2021 - 2027, USD Million
TABLE 17 North America Aerospace & Defense Precision Engineering Machines Market by Country, 2017 - 2020, USD Million
TABLE 18 North America Aerospace & Defense Precision Engineering Machines Market by Country, 2021 - 2027, USD Million
TABLE 19 North America Others Precision Engineering Machines Market by Country, 2017 - 2020, USD Million
TABLE 20 North America Others Precision Engineering Machines Market by Country, 2021 - 2027, USD Million
TABLE 21 North America Automotive Precision Engineering Machines Market by Country, 2017 - 2020, USD Million
TABLE 22 North America Automotive Precision Engineering Machines Market by Country, 2021 - 2027, USD Million
TABLE 23 North America Precision Engineering Machines Market by Country, 2017 - 2020, USD Million
TABLE 24 North America Precision Engineering Machines Market by Country, 2021 - 2027, USD Million
TABLE 25 US Precision Engineering Machines Market, 2017 - 2020, USD Million
TABLE 26 US Precision Engineering Machines Market, 2021 - 2027, USD Million
TABLE 27 US Precision Engineering Machines Market by End Use, 2017 - 2020, USD Million
TABLE 28 US Precision Engineering Machines Market by End Use, 2021 - 2027, USD Million
TABLE 29 US Precision Engineering Machines Market by Non-Automotive Type, 2017 - 2020, USD Million
TABLE 30 US Precision Engineering Machines Market by Non-Automotive Type, 2021 - 2027, USD Million
TABLE 31 Canada Precision Engineering Machines Market, 2017 - 2020, USD Million
TABLE 32 Canada Precision Engineering Machines Market, 2021 - 2027, USD Million
TABLE 33 Canada Precision Engineering Machines Market by End Use, 2017 - 2020, USD Million
TABLE 34 Canada Precision Engineering Machines Market by End Use, 2021 - 2027, USD Million
TABLE 35 Canada Precision Engineering Machines Market by Non-Automotive Type, 2017 - 2020, USD Million
TABLE 36 Canada Precision Engineering Machines Market by Non-Automotive Type, 2021 - 2027, USD Million
TABLE 37 Mexico Precision Engineering Machines Market, 2017 - 2020, USD Million
TABLE 38 Mexico Precision Engineering Machines Market, 2021 - 2027, USD Million
TABLE 39 Mexico Precision Engineering Machines Market by End Use, 2017 - 2020, USD Million
TABLE 40 Mexico Precision Engineering Machines Market by End Use, 2021 - 2027, USD Million
TABLE 41 Mexico Precision Engineering Machines Market by Non-Automotive Type, 2017 - 2020, USD Million
TABLE 42 Mexico Precision Engineering Machines Market by Non-Automotive Type, 2021 - 2027, USD Million
TABLE 43 Rest of North America Precision Engineering Machines Market, 2017 - 2020, USD Million
TABLE 44 Rest of North America Precision Engineering Machines Market, 2021 - 2027, USD Million
TABLE 45 Rest of North America Precision Engineering Machines Market by End Use, 2017 - 2020, USD Million
TABLE 46 Rest of North America Precision Engineering Machines Market by End Use, 2021 - 2027, USD Million
TABLE 47 Rest of North America Precision Engineering Machines Market by Non-Automotive Type, 2017 - 2020, USD Million
TABLE 48 Rest of North America Precision Engineering Machines Market by Non-Automotive Type, 2021 - 2027, USD Million
TABLE 49 Key Information – Amera-Seiki Corporation
TABLE 50 Key Information – DATRON AG
TABLE 51 Key Information – Haas Automation, Inc.
TABLE 52 Key Information – Hurco Companies, Inc.
TABLE 53 Key Information – AMADA CO., LTD.
TABLE 54 Key Information – Okuma Corporation
TABLE 55 Key information – Yamazaki Mazak Corporation
TABLE 56 key information – Dalian Machine Tool Group (DMTG) Corporation
TABLE 57 Key Information – DMG Mori Co. Ltd.
TABLE 58 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.