Market Overview:
The global ultra-precision machine market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market was valued at US$ 9,584.8 Mn in 2017 and is projected to reach US$ 16,711.4 Mn by 2030. In terms of type, the turning machine segment accounted for a share of 48% in the global ultra-precision machine market in 2018 and is projected to dominate the market during the forecast period owing to its wide usage across various industries such as automobile, optics, mechanical engineering and others.
Product Definition:
An ultra-precision machine is a device that can produce very accurate results with a high degree of precision. These machines are used in a variety of industries, including manufacturing and medical research. They are often used to create small parts or components with tight tolerances.
Turning Machine:
The turning machine is used to perform two-dimensional or three-dimensional rotations with a high speed and accuracy. The turning machines are widely used in the automotive industry for manufacturing vehicles, as they help in producing components with higher precision and quality.
The global market for turning machines is expected to witness significant growth over the forecast period owing to its increasing usage across various industries such as aerospace & defense, automotive, healthcare, consumer electronics among others.
Milling Machine:
Milling machine is a tool that cuts material by rotating around an axis and it's used in ultra-precision machine market for precise machining. The milling machines are widely used in the aerospace industry, automotive industry, medical industry and other industries where high accuracy is required.
The milling machines can be segmented into two types on the basis of size namely small sized milling machines (SMM) and large sized milling machines (LMM).
Application Insights:
The mechanical segment is expected to witness the fastest growth over the forecast period. The mechanical ultra-precision machines include coordinate measuring machine, positioning machine, and other types of machining equipment. These machines are used in various industries including aerospace and defense for component manufacturing. For instance, milling applications dominated the global market with a share of 33% in 2017 owing to its high accuracy requirements for producing complex parts with tight tolerances such as gears and shafts that require precision measurement of angles & distances between each other during production process.
Ultra-precision grinding machines are widely used across several industries including automotive (for grinding, polishing, sanding), electronics (for grinding circuit boards & glass), medical devices (for preparing surgical instruments) among others to achieve higher levels of accuracy than conventional hand tools can provide due to their smaller size or weight limitations which forces them use micro machinery instead.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region in the global ultra-precision machine market over the forecast period. The growth can be attributed to a rise in demand for high precision tools from various end-use industries, such as electronics and semiconductors, mechanical engineering, and aerospace & defense. In addition, increasing investments by governments of emerging economies such as China and India are anticipated to fuel product demand in Asia Pacific region.
The U.S., which was at the forefront of technological advancements across all other regions has been surpassed by China owing to its low labor cost attracting many foreign investors including Ford Motors Company; Google Inc.; Zhejiang Geely Holding Group Co., Ltd.; Volkswagen Group; BMW AG; Daimler AG; Hyundai Motor Company; Honda Motor Co., Ltd.
Growth Factors:
- Increasing demand for ultra-precision machining from the automotive and aerospace industries due to the need for high precision and accuracy in parts and components.
- Rising demand for miniaturized parts and components in medical devices, electronics, and other consumer goods sectors.
- Growing popularity of 3D printing technology that requires ultra-precision machining for producing high quality prints with fine details.
- Proliferation of advanced manufacturing technologies such as laser cutting, CNC machining, etc., which are driving the need for higher precision machines and toolsets capable of meeting these requirements accurately.
Scope Of The Report
Report Attributes
Report Details
Report Title
Ultra-Precision Machine Market Research Report
By Type
Turning Machine, Milling Machine, Grinding Machine, Other, , In 2018, turning machine accounted for a share of 48% in the global ultra-precision machine market.
By Application
Automobile, Optics, Medicine and Biotechnology, Mechanical, Electronics and Semiconductors, Aerospace & Defense, Other, , The automobile holds an important share in terms of applications, and accounts for 40% of the market share.
By Companies
Fives, Moore Nanotechnology Systems, Hardinge, Inc, AMETEK, Schneider Optics Machines, Fanuc, TOSHIBA, Kugler GmbH, LT Ultra, Innolite, Hembrug Machine Tools (Danobat), Mikrotools
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
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global Ultra-Precision Machine Market Report Segments:
The global Ultra-Precision Machine market is segmented on the basis of:
Types
Turning Machine, Milling Machine, Grinding Machine, Other, , In 2018, turning machine accounted for a share of 48% in the global ultra-precision machine market.
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
Automobile, Optics, Medicine and Biotechnology, Mechanical, Electronics and Semiconductors, Aerospace & Defense, Other, , The automobile holds an important share in terms of applications, and accounts for 40% of the market share.
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:
- Fives
- Moore Nanotechnology Systems
- Hardinge, Inc
- AMETEK
- Schneider Optics Machines
- Fanuc
- TOSHIBA
- Kugler GmbH
- LT Ultra
- Innolite
- Hembrug Machine Tools (Danobat)
- Mikrotools
Highlights of The Ultra-Precision Machine 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:
- Turning Machine
- Milling Machine
- Grinding Machine
- Other
- In 2018, turning machine accounted for a share of 48% in the global ultra-precision machine market.
- By Application:
- Automobile
- Optics
- Medicine and Biotechnology
- Mechanical
- Electronics and Semiconductors
- Aerospace & Defense
- Other
- The automobile holds an important share in terms of applications, and accounts for 40% of the market share.
- 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 Ultra-Precision Machine 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.
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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?
Ultra-precision machine is a type of machine that can produce extremely accurate parts. These machines are used in fields such as aerospace, automotive, and medical technology. They are able to produce parts that are within fractions of a millimeter in size.
Some of the major companies in the ultra-precision machine market are Fives, Moore Nanotechnology Systems, Hardinge, Inc, AMETEK, Schneider Optics Machines, Fanuc, TOSHIBA, Kugler GmbH, LT Ultra, Innolite, Hembrug Machine Tools (Danobat), Mikrotools.
The ultra-precision machine market is expected to register a CAGR of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Ultra-Precision Machine Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Ultra-Precision Machine Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Ultra-Precision Machine Market - Supply Chain
4.5. Global Ultra-Precision Machine Market Forecast
4.5.1. Ultra-Precision Machine Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Ultra-Precision Machine Market Size (000 Units) and Y-o-Y Growth
4.5.3. Ultra-Precision Machine Market Absolute $ Opportunity
5. Global Ultra-Precision Machine Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Ultra-Precision Machine Market Size and Volume Forecast by Type
5.3.1. Turning Machine
5.3.2. Milling Machine
5.3.3. Grinding Machine
5.3.4. Other
5.3.6. In 2018, turning machine accounted for a share of 48% in the global ultra-precision machine market.
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Ultra-Precision Machine Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Ultra-Precision Machine Market Size and Volume Forecast by Application
6.3.1. Automobile
6.3.2. Optics
6.3.3. Medicine and Biotechnology
6.3.4. Mechanical
6.3.5. Electronics and Semiconductors
6.3.6. Aerospace & Defense
6.3.7. Other
6.3.9. The automobile holds an important share in terms of applications, and accounts for 40% of the market share.
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Ultra-Precision Machine Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Ultra-Precision Machine Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Ultra-Precision Machine Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Ultra-Precision Machine Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Ultra-Precision Machine Demand Share Forecast, 2019-2026
9. North America Ultra-Precision Machine Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Ultra-Precision Machine Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Ultra-Precision Machine Market Size and Volume Forecast by Application
9.4.1. Automobile
9.4.2. Optics
9.4.3. Medicine and Biotechnology
9.4.4. Mechanical
9.4.5. Electronics and Semiconductors
9.4.6. Aerospace & Defense
9.4.7. Other
9.4.9. The automobile holds an important share in terms of applications, and accounts for 40% of the market share.
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Ultra-Precision Machine Market Size and Volume Forecast by Type
9.7.1. Turning Machine
9.7.2. Milling Machine
9.7.3. Grinding Machine
9.7.4. Other
9.7.6. In 2018, turning machine accounted for a share of 48% in the global ultra-precision machine market.
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Ultra-Precision Machine Demand Share Forecast, 2019-2026
10. Latin America Ultra-Precision Machine Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Ultra-Precision Machine Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Ultra-Precision Machine Market Size and Volume Forecast by Application
10.4.1. Automobile
10.4.2. Optics
10.4.3. Medicine and Biotechnology
10.4.4. Mechanical
10.4.5. Electronics and Semiconductors
10.4.6. Aerospace & Defense
10.4.7. Other
10.4.9. The automobile holds an important share in terms of applications, and accounts for 40% of the market share.
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Ultra-Precision Machine Market Size and Volume Forecast by Type
10.7.1. Turning Machine
10.7.2. Milling Machine
10.7.3. Grinding Machine
10.7.4. Other
10.7.6. In 2018, turning machine accounted for a share of 48% in the global ultra-precision machine market.
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Ultra-Precision Machine Demand Share Forecast, 2019-2026
11. Europe Ultra-Precision Machine Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Ultra-Precision Machine Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Ultra-Precision Machine Market Size and Volume Forecast by Application
11.4.1. Automobile
11.4.2. Optics
11.4.3. Medicine and Biotechnology
11.4.4. Mechanical
11.4.5. Electronics and Semiconductors
11.4.6. Aerospace & Defense
11.4.7. Other
11.4.9. The automobile holds an important share in terms of applications, and accounts for 40% of the market share.
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projectins by Application
11.7. Europe Ultra-Precision Machine Market Size and Volume Forecast by Type
11.7.1. Turning Machine
11.7.2. Milling Machine
11.7.3. Grinding Machine
11.7.4. Other
11.7.6. In 2018, turning machine accounted for a share of 48% in the global ultra-precision machine market.
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Ultra-Precision Machine Demand Share, 2019-2026
12. Asia Pacific Ultra-Precision Machine Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Ultra-Precision Machine Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Ultra-Precision Machine Market Size and Volume Forecast by Application
12.4.1. Automobile
12.4.2. Optics
12.4.3. Medicine and Biotechnology
12.4.4. Mechanical
12.4.5. Electronics and Semiconductors
12.4.6. Aerospace & Defense
12.4.7. Other
12.4.9. The automobile holds an important share in terms of applications, and accounts for 40% of the market share.
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Ultra-Precision Machine Market Size and Volume Forecast by Type
12.7.1. Turning Machine
12.7.2. Milling Machine
12.7.3. Grinding Machine
12.7.4. Other
12.7.6. In 2018, turning machine accounted for a share of 48% in the global ultra-precision machine market.
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Ultra-Precision Machine Demand Share, 2019-2026
13. Middle East & Africa Ultra-Precision Machine Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Ultra-Precision Machine Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Ultra-Precision Machine Market Size and Volume Forecast by Application
13.4.1. Automobile
13.4.2. Optics
13.4.3. Medicine and Biotechnology
13.4.4. Mechanical
13.4.5. Electronics and Semiconductors
13.4.6. Aerospace & Defense
13.4.7. Other
13.4.9. The automobile holds an important share in terms of applications, and accounts for 40% of the market share.
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Ultra-Precision Machine Market Size and Volume Forecast by Type
13.7.1. Turning Machine
13.7.2. Milling Machine
13.7.3. Grinding Machine
13.7.4. Other
13.7.6. In 2018, turning machine accounted for a share of 48% in the global ultra-precision machine market.
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Ultra-Precision Machine Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Ultra-Precision Machine Market: Market Share Analysis
14.2. Ultra-Precision Machine Distributors and Customers
14.3. Ultra-Precision Machine Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Fives
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Moore Nanotechnology Systems
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Hardinge, Inc
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. AMETEK
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Schneider Optics Machines
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Fanuc
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. TOSHIBA
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Kugler GmbH
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. LT Ultra
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Innolite
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Hembrug Machine Tools (Danobat)
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Mikrotools
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
