Global Ultra-Precision Machine Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Ultra-Precision Machine Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Ultra-precision machining is the act of removing material from a substrate with a tool that operates at a resolution of 10 nm (0.4 uin) or less, either from a single-point diamond turning or free form machining. Ultra-Precision machining in traditional machining refers to tolerances of microns in the single-digits. Ultra precision Machining, using the cutting power of diamonds, is capable of producing such accuracy that the tolerances can reach “sub-micron” level with the use of tiny machine parts known as “nano tools.” An ultra-precision machine is designed specifically for particular work and helps to develop products in the desired form with high accuracy. These machines provide superior-quality products with low human interference. Rising usage of ultra-precision machines in several industrial applications due to growing productivity and reduced process time are the major growth factors for the global market.

Market Overview:

The latest research study on the global Ultra-Precision Machine market finds that the global Ultra-Precision Machine market reached a value of USD 475.53 million in 2022. It’s expected that the market will achieve USD 631.46 million by 2028, exhibiting a CAGR of 4.84% during the forecast period.

Ultra-Precision Machine Market Opportunities and Drivers

With the development of a super hard grinding wheel and dressing technology, ultra-precision grinding technology has gradually developed over the years. Having a high-quality ultra-precision machine is the most important and fundamental condition for ultra-precision machining. For the ultra-micro material removal process of cutting and grinding, high dynamic rigidity and highly accurate machine and micro-feeding system are also essential aside from sharp cutting tools or fine abrasive tools. An ultra-precision machine represents the integration of basic theories on key and functional components and technologies as well as those technologies pertaining to tools, measurement and analysis, error processing, processing, motion control and reconstruction, and phenomenon, among others. Such machines have been developed to high technological levels. Today, many companies and institutes manufacture ultra-precision machines.
The market is currently being driven by its application in a number of industries. The broad applicability of Ultra-Precision Machine is expected to result in its increasing growth over the forecast period. The increasing demand for the precision products in short lead-time is leading to an increased Ultra-Precision machine adoption. The mass production of complex applications such as automotive, medical, aerospace, and semiconductor industry is expected to result in the increased demand for the Ultra-Precision machine. Ultra-precision machining technology has a wide range of applications, including metals (e.g., soft metals), hard-to-machine materials (e.g., hardened steel, stainless steel, high speed steel and hard alloy), as well as hard-brittle non-metal materials (e.g., semi-conductor materials, ceramics, and glass).

Region Overview:

North America had the highest growth rate of all regions.

Company Overview:

AMETEK is one of the major players operating in the Ultra-Precision Machine market, holding a share of 36.04% in 2020.

AMETEK, Inc. is a global manufacturer of electronic instruments and electromechanical devices. The Company manufactures advanced instruments for process, aerospace, power, and industrial markets and is a supplier of electrical interconnects, specialty metals, technical motors and systems, and floor care and specialty motors. Precitech, a subsidiary of AMETEK, provides a complete line of ultra-precision multi-axis diamond turning, grinding, grooving and milling machines for both rotationally symmetric and freeform applications in single crystal, non-ferrous and ferrous materials.

Hembrug Machine Tools designs, builds and sells worldwide for more than 50 years the most accurate hard turning machines under the name Mikroturn®. The Mikroturn® series enables manufacturers to produce workpieces with complex contours in the highest accuracy class up to a Ø 1,500 mm with hardness up to 70 HRC. Danobat acquires the Dutch firm Hembrug Machine Tools to strengthen its position in the field of finish hard turning. Danobat, a benchmark manufacturer of high value-added solutions in the field of grinding, turning, cutting, punching, bending and automated production systems for composite structural components. Danobat develops, in close collaboration with its customers, turnkey solutions for specific applications in the following sectors: aerospace, railway, automotive, energy, oil and gas, and metal forming.

Segmentation Overview:

Among different product types, Turning Machine segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Automobile segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Ultra-Precision Machine market covered in Chapter 3:

Moore Nanotechnology Systems
Schneider Optics Machines
Innolite
Fanuc
Hardinge, Inc
Fives
TOSHIBA
AMETEK
Hembrug Machine Tools (Danobat)
Mikrotools
LT Ultra

In Chapter 4 and Chapter 14.2, on the basis of types, the Ultra-Precision Machine market from 2018 to 2029 is primarily split into:

Turning Machine
Milling Machine
Grinding Machine
Other

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Ultra-Precision Machine market from 2018 to 2029 covers:

Automobile
Optics
Medicine and Biotechnology
Mechanical
Electronics and Semiconductors
Aerospace & Defense
Other

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)