Global Precision Machining Market Size & Outlook
Global precision machining market, 2021-2033 (US$M)
Related Markets
Global precision machining market highlights
- The global precision machining market generated a revenue of USD 123,542.9 million in 2025 and is expected to reach USD 228,748.7 million by 2033.
- The market is expected to grow at a CAGR (2026 - 2033) of 8.1% by 2033.
- In terms of segment, cnc operation accounted for a revenue of USD 105,198.3 million in 2025.
- CNC Operation is the most lucrative operation segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2025.
- Country-wise, India is expected to register the highest CAGR from 2026 to 2033.
Global data book summary
| Market revenue in 2025 | USD 123,542.9 million |
| Market revenue in 2033 | USD 228,748.7 million |
| Growth rate | 8.1% (CAGR from 2026 to 2033) |
| Largest segment | Cnc operation |
| Fastest growing segment | CNC Operation |
| Historical data covered | 2021 - 2024 |
| Base year for estimation | 2025 |
| Forecast period covered | 2026 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Manual Operation, CNC Operation |
Other key industry trends
- In terms of revenue, the North America accounted for 27.4% of the global precision machining market in 2025.
- By country, the China is projected to lead the global market in terms of revenue in 2033.
- By country, India is the fastest growing regional market and is projected to reach USD 16,605.4 million by 2033.
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Precision Machining Market Scope
Precision Machining Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Oberg Industries | View profile | 501-1000 | Freeport, Pennsylvania, United States, North America | http://www.oberg.com |
| M.A.R.’s Engineering | View profile | 11-50 | San Leandro, California, United States, North America | https://www.marseng.com |
| GrovTec Machining | View profile | 101-250 | Fairview, Oregon, United States, North America | https://www.grovtecmachining.com |
| Elcon Precision | View profile | 51-100 | San Jose, California, United States, North America | https://www.elconprecision.com/ |
| Barnes | View profile | 5001-10000 | Bristol, Connecticut, United States, North America | https://www.onebarnes.com |
| Astro Machine Works | View profile | 101-250 | Ephrata, Pennsylvania, United States, North America | https://www.astromachineworks.com |
| Ascentec Engineering | View profile | 251-500 | Tualatin, Oregon, United States, North America | https://ascenteceng.com |
| GF Machining Solutions | View profile | 1001-5000 | Meyrin, Geneve, Switzerland, Europe | https://www.gfms.com/ |
| Dmg Mori Co Ltd | View profile | 13484 | 2-35-16 Meieki, Nakamura-ku, Aichi, Nagoya City, Japan, 450-0002 | https://www.dmgmori.co.jp |
| Hexcel Corp | View profile | 5590 | 281 Tresser Boulevard, Two Stamford Plaza, 16th Floor, Stamford, CT, United States, 06901 | https://www.hexcel.com |
Global precision machining market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to precision machining market will help companies and investors design strategic landscapes.
Cnc operation was the largest segment with a revenue share of 85.15% in 2025. Horizon Databook has segmented the Global precision machining market based on manual operation, cnc operation covering the revenue growth of each sub-segment from 2021 to 2033.
- Global Precision Machining Operation Outlook (Revenue, USD Million, 2021-2033)
- Manual Operation
- CNC Operation
- Global Precision Machining Type Outlook (Revenue, USD Million, 2021-2033)
- Milling Machining
- Laser Machining
- Electric Discharge Machining (EDM)
- Turning
- Grinding
- Others
- Global Precision Machining End Use Outlook (Revenue, USD Million, 2021-2033)
- Automotive
- Aerospace & Defense
- Construction Equipment
- Power & Energy
- Industrial
- Others
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Target buyers of Global precision machining market databook
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Our clientele includes a mix of precision machining market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global precision machining market , including forecasts for subscribers. This global databook contains high-level insights into Global precision machining market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Partial client list
Global precision machining market size, by regions, 2021-2033 (US$M)
Top 10 countries: Precision machining market size, 2023 (US$M)
Global precision machining market share, by operation, 2023 & 2030 (%, US$M)
Precision machining market: Opportunity assessment by country
Global precision machining market, by region, 2025 (US$M)
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