Precision Engineering Machines Market Report 2026

The precision engineering machines market size has grown strongly in recent years. It will grow from $15.44 billion in 2025 to $16.29 billion in 2026 at a compound annual growth rate (CAGR) of 5.5%. The growth in the historic period can be attributed to growth in automotive component manufacturing, demand for high precision industrial parts, expansion of cnc machining adoption, need for dimensional accuracy in manufacturing, industrial automation growth.

The precision engineering machines market size is expected to see strong growth in the next few years. It will grow to $20.26 billion in 2030 at a compound annual growth rate (CAGR) of 5.6%. The growth in the forecast period can be attributed to rising electric vehicle production, increasing demand from aerospace and defense sectors, adoption of advanced manufacturing technologies, growth in precision parts for electronics, investments in smart manufacturing infrastructure. Major trends in the forecast period include rising adoption of high precision cnc machining, growing demand for tight tolerance manufacturing, increasing use of multi axis machining systems, expansion of precision machining for advanced materials, focus on high speed and high accuracy production.

The rising consumer electronics demand is expected to drive the growth of the precision engineering machines market going forward. Consumer electronics represent a broad range of electronic devices designed for everyday use by end-users or consumers. The use of precision engineering machines is increasing because they are designed to produce high-precision components and parts that meet tight tolerances and specifications. These machines are essential for the reliable operation of electronic devices and systems. For example, in May 2023, according to the Japan Electronics and Information Technology Industries Association, a Japan-based trade association, total consumer electronic equipment production in Japan reached $209.16 million (¥32,099 million), compared to $164.65 million (¥25,268 million) in May 2022. Therefore, rising consumer electronics demand is supporting the growth of the precision engineering machines market.

Major companies operating in the precision engineering machines market are focusing on developing advanced solutions, such as multi-tasking machining centers, to improve manufacturing efficiency, decrease setup times, and achieve higher precision. Multi-tasking machining centers are machines capable of performing several operations, such as milling and turning, in a single setup, enhancing productivity and accuracy. For instance, in August 2025, Matsuura Machinery Corporation, a Japan-based precision machinery manufacturer, introduced the MX-520T PC7, a 5-axis multi-tasking machining center equipped with a tower pallet system. Designed to handle complex component manufacturing with minimal manual intervention, the machine increases operational efficiency, reduces cycle times, and delivers high-precision machining for a wide range of industrial applications.

In January 2024, Flinchbaugh Engineering Inc., a US-based precision manufacturing company, successfully acquired Billet Industries for an undisclosed amount. This strategic acquisition is intended to broaden Flinchbaugh Engineering's capabilities and services, fortifying its market position. Billet Industries, a US-based provider of precision and machining services, including CNC milling and machining, adds valuable expertise to Flinchbaugh Engineering's portfolio.

Major companies operating in the precision engineering machines market are Mitsubishi Electric Corporation, Amera-Seiki, Yamazaki Mazak Corporation, Doosan Machine Tools Co. Ltd., DATRON AG, Brother Industries Ltd., FANUC Corporation, Trumpf GmbH + Co. KG, Amada Machine Tools Co. Ltd., Makino Milling Machine Co. Ltd., DMG Mori Co. Ltd., GF Machining Solutions Management SA, Haas Automation Inc., INDEX-Werke GmbH & Co. KG Hahn & Tessky, Sodick Co. Ltd., Hardinge Inc., Tongtai Machine & Tool Co. Ltd., Hurco Companies Inc., Shenyang Machine Tool Co. Ltd., Kitamura Machinery Co. Ltd., Dalian Machine Tool Group (DMTG) Corporation, Chiron Group SE.

Asia-Pacific was the largest region in the precision engineering machines market in 2025. The regions covered in the precision engineering machines market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the precision engineering machines market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The precision engineering machines market consists of revenues earned by entities providing services such as product development and design support, engineering design and development, large part machining and custom computer numerical control, precision machining, and custom computer numerical control machining solutions. The market value includes the value of related goods sold by the service provider or included within the service offering. The precision engineering machines market also includes sales of tooling and machining components, ergonomics equipment, automation solutions, electro-mechanical assemblies, enclosures, boxes, cabinets, and chassis. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

This product will be delivered within 1-3 business days.