Global Micromachining Market to Reach $5.5 Billion by 2030
The global market for Micromachining estimated at US$3.4 Billion in the year 2022, is projected to reach a revised size of US$5.5 Billion by 2030, growing at a CAGR of 6.4% over the analysis period 2022-2030. Non-Traditional, one of the segments analyzed in the report, is projected to record 6% CAGR and reach US$2.8 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Traditional segment is readjusted to a revised 7.2% CAGR for the next 8-year period.The U.S. Market is Estimated at $980 Million, While China is Forecast to Grow at 5.9% CAGR
The Micromachining market in the U.S. is estimated at US$980 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$954.2 Million by the year 2030 trailing a CAGR of 5.9% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.9% and 4.7% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.9% CAGR.Select Competitors (Total 23 Featured) -
- Amada Weld Tech Co., Ltd.
- Coherent, Inc.
- DATRON Dynamics, Inc.
- Electro Scientific Industries, Inc.
- Georg Fischer Ltd.
- Han’s Laser Technology Industry Group Co., Ltd
- Heraeus Holding GmbH
- IPG Photonics Corporation
- Lumentum Holdings Inc.
- Makino Milling Machine Co., Ltd.
- Mitsubishi Heavy Industries, Ltd
- OpTek Ltd.
- Oxford Lasers
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its 'bumpy' reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Amada Weld Tech Co., Ltd.
- Coherent, Inc.
- DATRON Dynamics, Inc.
- Electro Scientific Industries, Inc.
- Georg Fischer Ltd.
- Han’s Laser Technology Industry Group Co., Ltd
- Heraeus Holding GmbH
- IPG Photonics Corporation
- Lumentum Holdings Inc.
- Makino Milling Machine Co., Ltd.
- Mitsubishi Heavy Industries, Ltd
- OpTek Ltd.
- Oxford Lasers
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 84 |
Published | April 2024 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 3.4 Billion |
Forecasted Market Value ( USD | $ 5.5 Billion |
Compound Annual Growth Rate | 6.2% |
Regions Covered | Global |