Market Overview:
The global CNC high precision tools market is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for high precision tools in various end-use industries, such as automotive, aerospace, metal foundry, woodworking, shipbuilding and power & energy. In addition, the growing demand for miniaturized and lightweight components in these industries is also fueling the growth of the global CNC high precision tools market. Based on type, the lathe machines segment is expected to lead the global CNC high precision tools market during the forecast period from 2018 to 2030. This can be attributed to their ability to produce complex shapes with great accuracy and consistency across parts.
Product Definition:
CNC high precision tools are used to produce high-quality parts with tight tolerances. They are essential for ensuring the accuracy of CNC machines.
Lathe Machines:
Lathe machines are used to cut a rotating workpiece by means of a rotating tool that is fixed to the spindle. The workpieces can be cylindrical, conical or flat and the tools can be mounted on the spindle either before or after the cutting process. Lathe machines are widely used in metal fabrication industries for various applications such as reamers, borers, chamfers and other forms of turning like threads and shafts among others.
Milling Machines:
Milling machines are used to cut the material in a repetitive manner using a rotating tool. The basic function of milling machines is to shape or form the material by removing waste from it. There are different types of mills such as vertical, horizontal, and other mills which can be customized according to the application depending on what tools they will be used for.
Application Insights:
The global market is segmented by application into automotive, aerospace, metal foundry, woodworking, shipbuilding and power & energy. The automotive sector accounted for the largest share in 2017 and is expected to continue its dominance over the forecast period. Automotive manufacturing requires a high level of precision tools; therefore various manufacturers are investing in order to automate their production lines with CNC machines. Moreover many automobile parts are manufactured using complex geometries that require highly skilled operators who can program these machines accordingly for maximum efficiency during production runs.
Automated manufacturing has numerous benefits including increased capacity (saving cost), reduced time consumed on each run (saving cost), improved quality control as well as increased speed which eventually results in higher revenue generating capabilities per unit of time invested by an automated system i.e.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing demand for high precision tools from various end-use industries such as aerospace, automotive, metal foundry, power & energy and others. In addition, rising investments by leading players in developing new products are anticipated to drive regional market growth over the forecast period.
The growing manufacturing sector in emerging economies of Asia Pacific including China and India coupled with favorable government policies aimed at promoting domestic manufacturing activities is expected to boost product demand over the projected period.
Growth Factors:
- Increasing demand for high precision tools from the automotive and aerospace industries
- Growing demand for CNC machining services from small- and medium-sized businesses
- Advances in technology that have led to the development of new and more sophisticated CNC high precision tools
- The increasing use of 3D printing technology in manufacturing processes
- The growing popularity of DIY (do it yourself) projects among consumers
Scope Of The Report
Report Attributes
Report Details
Report Title
CNC High Precision Tools Market Research Report
By Type
Lathe Machines, Milling Machines, Drilling Machines, Grinding Machines, Boring Machines, Gear Cutters
By Application
Automotive, Aerospace, Metal Foundry, Woodworking, Shipbuilding, Power & Energy, Other
By Companies
Bosch, Komatsu, Schuler, Haas Automation, Merrill Tool & Machine, Tec Tools, Trelleborg, Yamazaki Mazak, Index Group, Makino, Ridium Manufacturing, JTWKT, Hitachi
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
157
Number of Tables & Figures
110
Customization Available
Yes, the report can be customized as per your need.
Global CNC High Precision Tools Market Report Segments:
The global CNC High Precision Tools market is segmented on the basis of:
Types
Lathe Machines, Milling Machines, Drilling Machines, Grinding Machines, Boring Machines, Gear Cutters
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automotive, Aerospace, Metal Foundry, Woodworking, Shipbuilding, Power & Energy, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Bosch
- Komatsu
- Schuler
- Haas Automation
- Merrill Tool & Machine
- Tec Tools
- Trelleborg
- Yamazaki Mazak
- Index Group
- Makino
- Ridium Manufacturing
- JTWKT
- Hitachi
Highlights of The CNC High Precision Tools Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Lathe Machines
- Milling Machines
- Drilling Machines
- Grinding Machines
- Boring Machines
- Gear Cutters
- By Application:
- Automotive
- Aerospace
- Metal Foundry
- Woodworking
- Shipbuilding
- Power & Energy
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the CNC High Precision Tools Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
CNC high precision tools are machines that use computer numerical control (CNC) to create parts with extremely tight tolerances. This type of machine can produce parts that are incredibly accurate, making them perfect for tasks like manufacturing or engineering.
Some of the key players operating in the cnc high precision tools market are Bosch, Komatsu, Schuler, Haas Automation, Merrill Tool & Machine, Tec Tools, Trelleborg, Yamazaki Mazak, Index Group, Makino, Ridium Manufacturing, JTWKT, Hitachi.
The cnc high precision tools market is expected to register a CAGR of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 CNC High Precision Tools Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 CNC High Precision Tools Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 CNC High Precision Tools Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the CNC High Precision Tools Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global CNC High Precision Tools Market Size & Forecast, 2018-2028
4.5.1 CNC High Precision Tools Market Size and Y-o-Y Growth
4.5.2 CNC High Precision Tools Market Absolute $ Opportunity
Chapter 5 Global CNC High Precision Tools Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 CNC High Precision Tools Market Size Forecast by Type
5.2.1 Lathe Machines
5.2.2 Milling Machines
5.2.3 Drilling Machines
5.2.4 Grinding Machines
5.2.5 Boring Machines
5.2.6 Gear Cutters
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global CNC High Precision Tools Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 CNC High Precision Tools Market Size Forecast by Applications
6.2.1 Automotive
6.2.2 Aerospace
6.2.3 Metal Foundry
6.2.4 Woodworking
6.2.5 Shipbuilding
6.2.6 Power & Energy
6.2.7 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global CNC High Precision Tools Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 CNC High Precision Tools Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America CNC High Precision Tools Analysis and Forecast
9.1 Introduction
9.2 North America CNC High Precision Tools Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America CNC High Precision Tools Market Size Forecast by Type
9.6.1 Lathe Machines
9.6.2 Milling Machines
9.6.3 Drilling Machines
9.6.4 Grinding Machines
9.6.5 Boring Machines
9.6.6 Gear Cutters
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America CNC High Precision Tools Market Size Forecast by Applications
9.10.1 Automotive
9.10.2 Aerospace
9.10.3 Metal Foundry
9.10.4 Woodworking
9.10.5 Shipbuilding
9.10.6 Power & Energy
9.10.7 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe CNC High Precision Tools Analysis and Forecast
10.1 Introduction
10.2 Europe CNC High Precision Tools Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe CNC High Precision Tools Market Size Forecast by Type
10.6.1 Lathe Machines
10.6.2 Milling Machines
10.6.3 Drilling Machines
10.6.4 Grinding Machines
10.6.5 Boring Machines
10.6.6 Gear Cutters
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe CNC High Precision Tools Market Size Forecast by Applications
10.10.1 Automotive
10.10.2 Aerospace
10.10.3 Metal Foundry
10.10.4 Woodworking
10.10.5 Shipbuilding
10.10.6 Power & Energy
10.10.7 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific CNC High Precision Tools Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific CNC High Precision Tools Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific CNC High Precision Tools Market Size Forecast by Type
11.6.1 Lathe Machines
11.6.2 Milling Machines
11.6.3 Drilling Machines
11.6.4 Grinding Machines
11.6.5 Boring Machines
11.6.6 Gear Cutters
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific CNC High Precision Tools Market Size Forecast by Applications
11.10.1 Automotive
11.10.2 Aerospace
11.10.3 Metal Foundry
11.10.4 Woodworking
11.10.5 Shipbuilding
11.10.6 Power & Energy
11.10.7 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America CNC High Precision Tools Analysis and Forecast
12.1 Introduction
12.2 Latin America CNC High Precision Tools Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America CNC High Precision Tools Market Size Forecast by Type
12.6.1 Lathe Machines
12.6.2 Milling Machines
12.6.3 Drilling Machines
12.6.4 Grinding Machines
12.6.5 Boring Machines
12.6.6 Gear Cutters
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America CNC High Precision Tools Market Size Forecast by Applications
12.10.1 Automotive
12.10.2 Aerospace
12.10.3 Metal Foundry
12.10.4 Woodworking
12.10.5 Shipbuilding
12.10.6 Power & Energy
12.10.7 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) CNC High Precision Tools Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) CNC High Precision Tools Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) CNC High Precision Tools Market Size Forecast by Type
13.6.1 Lathe Machines
13.6.2 Milling Machines
13.6.3 Drilling Machines
13.6.4 Grinding Machines
13.6.5 Boring Machines
13.6.6 Gear Cutters
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) CNC High Precision Tools Market Size Forecast by Applications
13.10.1 Automotive
13.10.2 Aerospace
13.10.3 Metal Foundry
13.10.4 Woodworking
13.10.5 Shipbuilding
13.10.6 Power & Energy
13.10.7 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 CNC High Precision Tools Market: Competitive Dashboard
14.2 Global CNC High Precision Tools Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Bosch
14.3.2 Komatsu
14.3.3 Schuler
14.3.4 Haas Automation
14.3.5 Merrill Tool & Machine
14.3.6 Tec Tools
14.3.7 Trelleborg
14.3.8 Yamazaki Mazak
14.3.9 Index Group
14.3.10 Makino
14.3.11 Ridium Manufacturing
14.3.12 JTWKT
14.3.13 Hitachi
