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 â€“ 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.