Precision Parts Market Size & Share, by Type (Metal, Plastic); Application (Aerospace, Automotive, Electronics, Healthcare, Consumer packed goods); Product (Cold-formed micro components, Electroforms, Retaining Rings, Metal Stampings, Tubing products, Spring anchors) Distribution Channel (Online, Offline) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 3618
  • Published Date: Sep 07, 2023
  • 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:  Rushikesh, Richa Gupta

  • Report ID: 3618
  • Published Date: Sep 07, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increased innovations in the healthcare and medical device manufacturing sector, rapid digitization, and increasing demand for commercial and defense aircraft are some of the major factors anticipated to drive the market forward.

The market size of precision parts is anticipated to attain a CAGR of 13.3% over the forecast period, i.e., 2023 – 2035.

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

The Metal segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
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