Market Overview:
The global high precision tools market is expected to grow at a CAGR of 5.5% 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 high precision tools market. Based on type, the global high precision tools market can be segmented into lathe machines, milling machines,, drilling machines,, grinding machines,, boring machines and gear cutters. Among these segments, lathe machines held a major share of the global high precision tools market in 2017 and is expected to maintain its dominance during the forecast period as well. This can be attributed to their ability to perform multiple operations on a workpiece with great accuracy and speed. Based on application,.aerospace,.metalfoundry,.woodworking.,shipbuilding.,power&energyand other applications..
Product Definition:
High precision tools are used to produce objects with very precise dimensions and tolerances. They are important because they allow manufacturers to produce products that meet extremely tight specifications.
Lathe Machines:
Lathe machines are used in machining of cylindrical parts and surfaces of various shapes and sizes. Lathe is a kind of machine which is used to cut a workpiece by rotating it.
Milling Machines:
Milling machines are used to cut metal or other rigid materials in a repetitive manner. The material is mounted on the spindle and rotates while the work piece is moved by a hand crank, electric motor or another machine. The work piece can be held stationary during milling by using one of several techniques such as vacuum hold-down, dogs, vise grips etc.
Application Insights:
The global high precision tools market has been segmented into automotive, aerospace, metal foundry, woodworking, shipbuilding and power & energy. The automotive application segment is expected to witness the highest growth over the forecast period owing to increasing demand for highly automated production lines with higher levels of automation. This is likely to result in an increased demand for HPMT machines over the coming years.
The metal foundry application segment accounted for a significant share in 2017 and is projected to grow at a steady CAGR from 2018 to 2030 due largely on growing investment by governments across various countries in order develop their manufacturing sectors which are primarily engaged in producing machinery and equipment used within the sector such as steel mills and mining companies among others.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing demand for high precision tools from various end-use industries, such as aerospace and defense, automotive, electronics and electrical in China and India. In addition, rising investments by foreign companies in developing countries of Asia Pacific are expected to boost the demand further. For instance; In January 2017; Sargent Metal Fabricators Inc., a U.S.
Growth Factors:
- Increasing demand for miniaturization in electronics industry
- Rising demand from automotive and aerospace industries
- Growing popularity of 3D printing technology
- Proliferation of internet-of-things (IoT) devices
- Emergence of Industry 4.0
Scope Of The Report
Report Attributes
Report Details
Report Title
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, Bosch, 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
188
Number of Tables & Figures
132
Customization Available
Yes, the report can be customized as per your need.
Global High Precision Tools Market Report Segments:
The global 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
- Bosch
- JTWKT
- Hitachi
Highlights of The 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 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?
High precision tools are those that have very tight tolerances, meaning that the dimensions of the tool are very close to perfect. This is important for a variety of reasons, including accuracy when making parts and ensuring that products meet specifications.
Some of the major companies in the high precision tools market are Bosch, Komatsu, Schuler, Haas Automation, Merrill Tool & Machine, Tec Tools, Trelleborg, Yamazaki Mazak, Index Group, Makino, Bosch, JTWKT, Hitachi.
The high precision tools market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 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 High Precision Tools Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 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 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 High Precision Tools Market Size & Forecast, 2018-2028
4.5.1 High Precision Tools Market Size and Y-o-Y Growth
4.5.2 High Precision Tools Market Absolute $ Opportunity
Chapter 5 Global 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 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 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 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 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 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 High Precision Tools Analysis and Forecast
9.1 Introduction
9.2 North America 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 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 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 High Precision Tools Analysis and Forecast
10.1 Introduction
10.2 Europe 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 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 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 High Precision Tools Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 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 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 High Precision Tools Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 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 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) High Precision Tools Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) 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) 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 High Precision Tools Market: Competitive Dashboard
14.2 Global 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 Bosch
14.3.12 JTWKT
14.3.13 Hitachi
