Middle East & Africa Precision Machining Market Size & Outlook
MEA precision machining market highlights
- The MEA precision machining market generated a revenue of USD 9,696.6 million in 2023.
- The market is expected to grow at a CAGR of 7.4% from 2024 to 2030.
- In terms of segment, manual operation was the largest revenue generating operation in 2023.
- Manual Operation is the most lucrative operation segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2023 | USD 9,696.6 million |
| Market revenue in 2030 | USD 16,017.5 million |
| Growth rate | 7.4% (CAGR from 2024 to 2030) |
| Largest segment | Manual operation |
| Fastest growing segment | Manual Operation |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Manual Operation |
| Key market players worldwide | Ascentec Engineering, Astro Machine Works, Barnes, Dmg Mori Co Ltd, Elcon Precision, GF Machining Solutions, GrovTec Machining, Hexcel Corp, M.A.R.’s Engineering, Oberg Industries |
Other key industry trends
- In terms of revenue, MEA region accounted for 9.1% of the global precision machining market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 63,364.8 million by 2030.
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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 |
Middle East & Africa 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.
Manual operation was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the Middle East & Africa precision machining market based on manual operation covering the revenue growth of each sub-segment from 2018 to 2030.
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Target buyers of Middle East & Africa 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 continent-level data and insights on the Middle East & Africa precision machining market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa precision machining market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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