LMW Banner 2

Your future advertising space? Our media data

Precision engineering machines driving innovation in advanced manufacturing

Precision engineering machines driving innovation in advanced manufacturing

December 1, 2023 12:32 pm

Precision engineering machines are vital in multiple industries, ensuring accuracy and precision in manufacturing intricate components. Their integration of advanced technologies drives innovation across sectors like automotive, aerospace, electronics, and medical equipment.

Precision engineering machines find applications across aerospace, automotive, electronics, and medical equipment industries. They are pivotal in producing intricate automotive components, including engine parts, transmission systems, chassis components, and electronic systems, ensuring high precision and accuracy.

Integrating advanced technologies like CNC systems, sensors, and high-precision actuators, these machines deliver exceptional accuracy and consistency. Their functions encompass milling, turning, grinding, and drilling with precise measurements at the micron level, enabling the creation of intricate components with stringent tolerances. Engineered to mitigate vibrations and thermal effects, these machines push the boundaries of manufacturing capabilities. They contribute significantly to technological advancement and innovation by facilitating the manufacturing vital intricate parts across diverse industries. According to a research report published by Spherical Insights & Consulting, the Global Precision Engineering Machines market size is to Grow from USD 12.50 Billion in 2022 to USD 23.24 Billion by 2032, at a CAGR of 6.4 percent during the forecast period.

CNC machine tools and EDM machine tools segment
The global precision engineering machines market is segmented into CNC machine tools, EDM machine tools, and others, projected to grow at 6.5 percent CAGR. The precision engineering machines market’s CNC and EDM machine tools segments, are expected to grow substantially. The CNC machine tools offer advanced automation, precision, and versatility in manufacturing processes, driving their demand across industries. Similarly, EDM machine tools provide high precision and the ability to work with difficult-to-machine materials, making them essential for aerospace and medical equipment industries. The growing emphasis on automation, technological advancements, and increasing demand for precision components drive the growth of CNC and EDM machine tools in the market.

Advertising

Your future advertising space? Our media data

Automotive segment growth
The global precision engineering machines market is segmented into automotive and non-automotive based on end-use. During the forecast period, the automotive segment is expected to grow significantly at a CAGR of 6.2 percent in the precision engineering machines market. The automotive industry constantly evolves, with increasing demands for lightweight and fuel-efficient vehicles.

The advancements in electric vehicle technology and autonomous driving systems drive the need for advanced precision engineering machines to produce intricate and precise components required for these emerging automotive technologies. Moreover, the automotive sector’s focus on automation, process optimization, and cost efficiency drives the adoption of precision engineering machines to improve manufacturing productivity and quality in the automotive industry.

Market players include Amada Machine Tools Co., Ltd., Amera-Seiki, DATRON AG, Dalian Machine Tool Group (DMTG) Corporation, DMG Mori Co., Ltd., FANUC Corporation, Haas Automation, Inc., Hurco Companies, Inc., Okuma Corporation, Shenyang Machine Tool Co., Ltd., Yamazaki Mazak Corporation and more other key Vendors.

Cookie Consent OEM Update

We use cookies to personalize your experience. By continuing to visit this website you agree to our Terms & Conditions, Privacy Policy and Cookie Policy.

Webinar

Your future advertising space? Our media data

Events

Pragyan 24
Mech Auto Expo
India Fastener Show
Aerodef India Manufacturing Expo
ChemPro Tech India
Metal Forming Expo
amtex
Fastener Fair India
Himtex 2024
World of Photonics India

eMagazine February 2024

eMagazine February 2024

Your future advertising space? Our media data

Our Sponsors

Carl Zeiss IndiaCloosSTMCNCPragati GearsNordPurva metalFuji Electric IndiaMaco-cAndreasBibus IndiaInovance TechnologyPMT Machines LtdQuaker HoughtonIgus India Pvt LtdWohlhaupter IndiaReishauerWidmaMeusburgerAutonicsDiffusion Engineers LimitedDiamondZiehl AbeggCarelACE Micromatic GroupFuel Instruments  EngineersFenwick and RaviMMC Hardmetal Pvt LtdMPSTata CapitalProstarmWika Instruments India