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Precision Parts Market - Top Companies and Manufacturers

  • Report ID: 3618
  • Published Date: Dec 20, 2024
  • Report Format: PDF, PPT

Companies Dominating the Precision Parts Market

    • Sigma Components Holdings Ltd 
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Beyonics Pte Ltd
    • Tessa Precision Products, Inc.
    • Barnes
    • NN, Inc. 
    • Linamar Corporation
    • Renishaw plc.
    • Digitaleo 
    • Precision Castparts Corp.
Browse Key Market Insights with Data Illustration:

In the News

  • At the EMO Hannover 2023, Renishaw, the world's leading engineering technology company, will demonstrate its latest tool-setting technology. The HPMAX is a new addition to the company's Highprecision Tool Setting Arms product line and has been designed to be able to handle the most demanding turning applications.
     
  • Barnes Group Inc. has entered into definitive agreements in connection with the acquisition of MB Aerospace. For an enterprise value of approximately $740 million, MB Aerospace is a leading provider of precision aero-engine components manufacturing and repair services to major aerospace and defense engine OEMs, Tier 1 suppliers, and maintenance, repair, and overhaul providers. Assuming receipt of legal approval and fulfillment of all relevant contractual closing conditions, this transaction is estimated to close in the 4th quarter of 2023.

Author Credits:  Richa Gupta


  • Report ID: 3618
  • Published Date: Dec 20, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of precision parts is estimated at USD 223.18 billion.

The precision parts market size was over USD 182.58 billion in 2024 and is anticipated to cross USD 915.08 billion by 2037, witnessing more than 13.2% CAGR during the forecast period i.e., between 2025-2037. Increased innovations in the healthcare and medical device manufacturing sector, rapid digitization, and increasing demand for commercial and defense aircraft will propel the market growth.

Europe industry is set to hold largest revenue share of 38% by 2037, propelled by increasing technological innovation in medicine and healthcare manufacturing in the region.

The major players in the market are Sigma Components Holdings Ltd, Beyonics Pte Ltd, Tessa Precision Products, Inc., Barnes, NN, Inc., Linamar Corporation, Renishawplc., Digitaleo, Precision Castparts Corp.
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