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THE U.S. PRECISION PARTS MARKET SIZE TO REACH USD 71 BILLION BY 2026, GROWING AT A CAGR OF 12% DURING 2021-2026
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U.S. PRECISION PARTS MARKET REPORT SCOPE
| REPORT ATTRIBUTE | DETAILS |
|---|---|
| MARKET SIZE (REVENUE) | USD 71 BILLION (2026) |
| CAGR | 12% (2021-2026) |
| Base Year | 2020 |
| Historic Year | 2018-2019 |
| Forecast Year | 2021-2026 |
| Market Segments | End-user ((Automotive - Light, Medium, Heavy Commercial Vehicles, Light Vehicles, and Two and Three Wheelers), (Healthcare - Medical Imaging, IVD, Patient Monitoring, and Others), (Electronic and Semiconductors - Semiconductors and Electronic), Aerospace, Watchmaking, Others (Industrial Equipment, Defense, Heavy Equipment, Marine and Offshoring, Power Tools, Electric, and Others)) |
| Geographic Analysis | North East, West, South, and Midwest US |
| Countries Covered | United States |
INDUSTRY INSIGHTS
The U.S. precision parts market size was valued at USD 36 billion in 2020 and estimated to reach USD 71 billion by 2026, growing at a CAGR of 12% during the forecast period. The precision parts market in the U.S. is likely to grow due to the increasing prominence of electric vehicles. Significant updates in regulations by the United States Environment Protection Agency and the availability of attractive tax and credit incentives by federal governments have driven the demand and sales volume of electric vehicles rapidly in the country. Hence, the increasing importance of electric cars in the US markets has led several key vendors in precision components to increase production potential in manufacturing engines, transmission, and drivetrain components in hybrid and traditional EVs. However, electric vehicles' productivity and sales volumes witnessed a sharp decline during Q1-Q3 2020 due to the seven-week shutdown by major manufacturers to reduce the impact of the COVID-19 virus. Moreover, the prevalence of major EV manufacturers such as Tesla, General Motors, Chevrolet, BMW, and Nissan in the US is expected to act as a major contributing factor for precision part manufacturing in the US.
SNIPPETS
- The healthcare precision parts market is expected to reach a revenue of approx. USD 9 billion by 2026 due to the increasing application of precision parts in diagnostic equipment.
- The electronic precision parts market is likely to grow at a CAGR of approximately 5% during 2020–2026 due to the increased sales of electronic goods, especially via online stores.
- The aerospace precision parts market is expected to account for over $6 billion by 2026 due to increased safety stringency in defense aircraft by federal governments in the US.
- The revenue share of North East US is projected to reach over USD 24 billion by 2026 due to the increasing demand for electric vehicles.
U.S. PRECISION PARTS MARKET SEGMENTATION
This research report includes a detailed segmentation by
- End-user
- Geography
INSIGHTS BY END-USER
Automotive, healthcare, electronic and semiconductors, aerospace, watching making, defense, marine & offshoring are the major end-users for precision components. U.S. auto manufacturers are increasing the focus on the development of electric and hybrid variants. The implementation of heavy-duty engine emission standards, MARPOL Annex VI regulations, the Clean Air Act to curb carbon emission is expected to influence the application of precision parts in the US. However, the demand has been adversely impacted since the outbreak of the COVID-19 pandemic.
Automotive
US precision part manufacturers are continuously looking to mitigate the pricing pressure. To reduce the production cost, manufacturers apply several techniques, such as purchasing raw materials and components at a low price and improving cost-effectiveness in the supply chain. Moreover, most automakers prefer the demand for high resistant and rigid manufactured precision components.
COVID-19 EFFECT
The repercussions of the COVID-19 pandemic on the US automobile industry have been severe, moderate, and mild. At the breakout of the infectious disease, the locking down of manufacturing units and supply disruptions was significant. The demand for new vehicles slowed down, which severely affected the U.S. precision parts market share. However, manufacturing units were allowed to operate under safety regulations. In 2021, the impact is expected to low, with most manufacturing and assembly plants resuming operations.
Healthcare
The US healthcare industry took new strides in 2020. Several technical advances such as telehealth, online consulting, AI-based surgical planning are key driving factors expecting to propel the demand for precision components during the forecast period. The growing concern over quality in medical treatments and government initiatives in offering public health insurance significantly increases the spending toward the healthcare segment. Moreover, the US's prosthetic surgical components are witnessing demand from several APAC and European countries for knee and joint replacements.
COVID-19 EFFECT
The COVID-19 virus has severely hit the US. The supply chain and demand for drugs and ventilator equipment increased significantly during Q1 and Q2 2020 with the virus's spread. Several equipment such as mechanical ventilation components, CT scan instruments, pulse oximeter, infrared thermometer observed heavy demand in the US healthcare industry in 2020. The supply chain disruptions and shortage of raw materials had significantly reduced operations and revenue margins for precision component manufacturers in the US.
Electronic and Semiconductors
The demand for US manufactured electronics and semiconductors has increased at a steady pace in recent years. Advances in digital technology, artificial intelligence (AI), and the expected adoption of the 5G network communication across the US are expected to influence electronics and semiconductors' growth. The rapid increase in several trending applications such as virtual reality, IoT devices, home automation systems, Industry 4.0 systems, and self-driving vehicles are expected to propel the demand for precision components. The US semiconductor market holds a share of between 45% and 55% of the global market in terms of volume.
COVID-19 EFFECT
The majority of established electronics and semi-conductors companies in the US are expected to turn up with a wide range of new opportunities. This is because suppliers of raw materials and precision components in the electronics and semiconductors industry adopt high-volume shipment to minimize human contact. Moreover, the US's lockdown has pushed several companies to significantly reduce their manufacturing units' employees in their manufacturing units. The work from home facility among major IT companies double the demand for laptops and network equipment in Q1 and Q2 2020.
Aerospace
The U.S. precision parts manufacturing market is gaining traction. Several aerospace manufacturers are increasing investments in offering Unmanned Ariel Vehicles (UAV). Thus, precision components observe innovations in the aerospace industry, thereby expecting to bolster the global precision parts market during the forecast period. Retrofitting of lighter materials with high resistance from temperature and pressure and upgrading critical aircraft components are expected to propel the demand for precision parts among aircraft manufacturers.
COVID-19 EFFECT
The outbreak of the COVID-19 pandemic has adversely affected airline operations across the US. The percentage of passengers reduced by 52% in Q1 and Q2 2020 due to the coronavirus's spread, thereby halting thousands of flights. US aerospace manufacturing suppliers have substantially reduced their production rate due to the decreasing passenger and cargo demand globally. Since the US is one of the worst COVID-19 affected countries, over two-third of airline operators had completely shut down their services due to the lockdown imposed across the world. Therefore, the decrease in air flight operations declined the demand and supply of airframe components and precision-made hardware required for MRO activities.
INSIGHTS BY GEOGRAPHY
The automotive industry's development and investment is expected to drive the demand for precision parts in North East. The region is highly developed and economically sustainable. New York is one of the largest states in the region, and the development has been increased as it is one of the prominent tourist places. However, the development has been disrupted due to the breakout of the COVID-19 pandemic. While Boston and Massachusetts remain the most lucrative markets with strong economies, New Hampshire has been hit by the pandemic. Maryland has one of the strongest economies nationwide. Pennsylvania has emerged as a major manufacturing hub for packaged food processing, chemical, fabricated metal products, industrial machinery, electronics, and computer peripherals. Thus, the demand for industrial machinery is likely to grow at a modest rate during the forecast period.
INSIGHTS BY VENDORS
In the post-COVID-19 scenario, the U.S. precision parts market is observing financial turmoil. The need for precision parts has been limited to specific applications, while others have witnessed a significant decline. Vendors catering to a single application or product are prone to face challenges with respect to maintaining a steady stream of orders. The competitive landscape is fragmented in terms of geography and products. The precision parts manufacturing industry is not highly prone to mergers and acquisitions and is limited to only certain regions. The impact of such mergers and acquisitions is also limited. With 45% of the revenue going into raw materials procurement, the manufacturing capability is primarily defined by the vendors’ accessibility to raw materials.
The U.S. precision parts market research report includes in-depth coverage of the industry analysis with revenue and forecast insights for the following segments:
By End-user
- Automotive
- Light, Medium, & Heavy Commercial Vehicles
- Light Vehicles
- Two and Three Wheelers
- Healthcare
- Medical Imaging
- IVD
- Patient Monitoring
- Others
- Electronic and Semiconductors
- Semiconductors
- Electronic
- Aerospace
- Watchmaking
- Others
- Industrial Equipment
- Defense
- Heavy Equipment
- Marine and Offshoring
- Power Tools
- Electric
- Others
By Geography
- US
- North East
- West
- South
- Midwest
Frequently Asked Questions
How big is the US Precision Parts market?
Who are the key players in the U.S. precision parts market?
What is the impact of COVID-19 in the precision parts market?
What are the significant applications of precision part tools?
What is the market size and growth rate of the U.S. precision parts market?
What are the key factors enabling the market growth during the forecast period?
The U.S. precision parts market by revenue is expected to grow at a CAGR of over 12% during 2021–2026.
The following factors are likely to contribute to the growth of the U.S. precision parts market during the forecast period:
- The prominence of Electric Vehicles in the US
- Application of Additive Manufacturing across Industries
- Rise of Industry 4.0
- Demand from Automotive and Industrial Machineries
Base Year: 2020
Forecast Year: 2021–2026
The study considers the U.S. precision parts market's present scenario and its market dynamics for 2020−2026. It covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspects of the market. It profiles and examines leading companies and other prominent ones operating in the market.
Prominent Vendors
- Barnes Group Inc.
- Business Overview
- Product Offerings
- Key Strengths
- Key Strategies
- Key Opportunities
- NN, Inc.
- Martinrea International
- Linamar
- WM Berg
- Renishaw
- ARC Group Worldwide
Other Prominent Vendors
- Petersen Precision
- Business Overview
- Product Offerings
- E-Fab Inc.
- AccuRounds
- Lampin Corporation
- WSI Industries Inc.
- Precision Castparts Corp (PCC)
- Greystone
- Tessa Precision Products
- Hoppe Technologies
- Doncasters
- Consolidated Precision Products
- ZOLLERN
- Impro
- Hitchiner
- Fritz Winter
- KERN-LIEBERS
- BERGER Group
- IPE Group
- Paradigm Precision
- Anton Häring KG
- Pacific West America, Inc.
- Caldwell
- Beere Precision Products
End-user
- Automotive
- Light, Medium, & Heavy Commercial Vehicles
- Light Vehicles
- Two and Three Wheelers
- Healthcare
- Medical Imaging
- IVD
- Patient Monitoring
- Others
- Electronic and Semiconductors
- Semiconductors
- Electronic
- Aerospace
- Watchmaking
- Others
- Industrial Equipment
- Defense
- Heavy Equipment
- Marine and Offshoring
- Power Tools
- Electric
- Others
By Geography
- US
- North East
- West
- South
- Midwest
List Of Exhibits
Exhibit 1 Segmentation of Precision Parts Manufacturing in the US
Exhibit 2 Market Size Calculation Approach 2020
Exhibit 3 Classification of Precision Parts Manufacturing Market in US & Base Year Revenue ($ billion)
Exhibit 4 GDP of US ($ trillion)
Exhibit 5 Key Insights Snapshot
Exhibit 6 COVID-19 Impact on the Global Market
Exhibit 7 Impact of Rising Prominence of EVs in US
Exhibit 8 Total Sales Volume of EVs in US 2016-2020 (thousand units)
Exhibit 9 Impact of Application of Additive Manufacturing Across Industries
Exhibit 10 Advantages of 3D Printing in Precision Manufacturing
Exhibit 11 Impact of Industry 4.0
Exhibit 12 Key Applications in Industry 4.0
Exhibit 13 Key Insights of Industry 4.0 in US
Exhibit 14 Impact of Aerospace Aftermarket Business
Exhibit 15 Impact of Demand from Automotive and Other Industrial Machinery
Exhibit 16 Demand Factors in Automotive Industry
Exhibit 17 Impact of Demand in Healthcare Applications
Exhibit 18 Profit Generated by US Healthcare Industry in 2019 ($ billion)
Exhibit 19 Impact of COVID-19 Impact on Steel Price
Exhibit 20 Steel Market Trend in the US in 2020
Exhibit 21 Impact of Decline in Construction Sector
Exhibit 22 Impact of US-China Trade War
Exhibit 23 Key Highlights of Automotive Market
Exhibit 24 Incremental Growth by Key End-Users ($ billion)
Exhibit 25 Historical Data: US Precision Parts Manufacturing Market 2018 & 2019 ($ billion)
Exhibit 26 Precision Parts Manufacturing Market in US 2020–2026 ($ billion)
Exhibit 27 Five Forces Analysis 2020
Exhibit 28 Incremental Growth by Segment 2020 & 2026
Exhibit 29 Chinese Vehicle Exports Parts in 2020 ($ billion)
Exhibit 30 End-Users Growth Momentum and Market Share
Exhibit 31 Automotive Industry: Precision Parts Manufacturing Market in US 2020–2026 ($ billion)
Exhibit 32 Incremental Growth by Automotive Industry 2020 & 2026
Exhibit 33 Light, Medium, & Heavy CV Precision Parts Manufacturing Market 2020–2026 ($ billion)
Exhibit 34 US Light Vehicle Sales by Volume 2015-2020 (million units)
Exhibit 35 Light Vehicles Precision Parts Manufacturing Market 2020–2025 ($ billion)
Exhibit 36 Key Highlights of Two-Wheeler Market in the US 2020
Exhibit 37 Two- & Three-Wheelers Precision Parts Manufacturing Market 2020–2026 ($ billion)
Exhibit 38 US Health Insurance Market by Insurance 2020
Exhibit 39 Precision Parts Manufacturing Market in US by Healthcare Industry 2020–2026 ($ billion)
Exhibit 40 Incremental Growth in Healthcare Industry 2020 & 2026
Exhibit 41 Market Statistics
Exhibit 42 Medical Imaging Precision Parts Manufacturing Market in US 2020–2026 ($ billion)
Exhibit 43 IVD Analyzers - Market demand Factors
Exhibit 44 Market Statistics
Exhibit 45 IVD Analyzers Precision Parts Manufacturing Market in US 2020–2026 ($ billion)
Exhibit 46 Market Dynamics of Patient-Monitoring Systems in US 2020
Exhibit 47 Market Statistics
Exhibit 48 Patient Monitoring Precision Parts Manufacturing Market 2020–2026 ($ billion)
Exhibit 49 Others Precision Parts Manufacturing Market in US2020–2026 ($ billion)
Exhibit 50 Electronics and Semiconductor Industry: Precision Parts Manufacturing Market in US 2020–2026 ($ billion)
Exhibit 51 Incremental Growth in Electronics & Semiconductor Industry 2020 & 2026
Exhibit 52 Semiconductor Precision Parts Manufacturing Market in US 2020–2026 ($ billion)
Exhibit 53 Electronics Precision Parts Manufacturing Market in US 2020–2026 ($ billion)
Exhibit 54 Application Share of Components in Manufacturing of Aircraft by Volume (%)
Exhibit 55 Aerospace Industry: Precision Parts Manufacturing Market in US 2020–2026 ($ billion)
Exhibit 56 Watchmaking Industries: Precision Parts Manufacturing Market in US 2020–2026 ($ billion)
Exhibit 57 Precision Parts Manufacturing Market in US by Other End-Users 2020–2026 ($ billion)
Exhibit 58 Incremental Growth in Other End-Use Industries 2020 & 2026
Exhibit 59 Production of Steel in the US 2016-2020 (million tons)
Exhibit 60 Precision Parts Manufacturing Market in US by Industrial Equipment 2020–2026 ($ billion)
Exhibit 61 US Defense Budget 2015-2020 ($ billion)
Exhibit 62 Precision Parts Manufacturing Market in US by Defense 2020–2026 ($ billion)
Exhibit 63 Application Share of Heavy Equipment in US by End-Use Sector 2019 (%)
Exhibit 64 Precision Parts Manufacturing Market in US by Heavy Equipment 2020–2026 ($ billion)
Exhibit 65 Precision Parts Manufacturing Market in US by Marine and Offshoring 2020–2026 ($ billion)
Exhibit 66 Major Growth Drivers for Precision Components in US Power Tools Industry 2020
Exhibit 67 Precision Parts Manufacturing Market in US by Power Tools 2020–2026 ($ billion)
Exhibit 68 Revenue of the Electric Power Industry in the US 2016-2019 ($ billion)
Exhibit 69 Precision Parts Manufacturing Market in US by Electric Industry 2020–2026 ($ billion)
Exhibit 70 Precision Parts Manufacturing Market in the Us by Other End Users 2020–2026 ($ billion)
Exhibit 71 Incremental Growth by Geography 2020 & 2026
Exhibit 72 Regional Market Share 2020 & 2026
Exhibit 73 Key Highlights
Exhibit 74 Manufacturing Industry in New York
Exhibit 75 Manufacturing Industry in New Jersey
Exhibit 76 Precision Parts Manufacturing Market in Northeast US 2020–2026 ($ billion)
Exhibit 77 Precision Parts Manufacturing Market in West US 2020–2026 ($ billion)
Exhibit 78 Total Manufacturing Output of Major States in Southern US 2020 ($ billion)
Exhibit 79 Major Drivers in Alabama Manufacturing Sector
Exhibit 80 Precision Parts Manufacturing Market in South US 2020–2026 ($ billion)
Exhibit 81 Total Manufacturing Output of Major States in Midwest US 2020 ($ billion)
Exhibit 82 Export of Medical Components from Minnesota by Value ($ million) 2016-2020
Exhibit 83 Major Exported Goods from Michigan by Value 2020 ($ billion)
Exhibit 84 Precision Parts Manufacturing Market in Midwest US 2020–2026 ($ billion)
List Of Tables
Table 1 Key Caveats
Table 2 Currency Conversion 2013−2020
Table 3 Impact of COVID-19 on US Automotive Industry
Table 4 Impact of COVID-19 on US Electronics and Semiconductor Industry
Table 5 Impact of COVID-19 on US Aerospace Industry
Table 6 Precision Parts Manufacturing in US by Region 2020—2026 ($ billion)
Table 7 Barnes Group Inc: Major Product Offerings
Table 8 NN, Inc: Major Product Offerings
Table 9 Martinrea International: Major Product Offerings
Table 10 Linamar: Major Product Offerings
Table 11 WM Berg: Product Offerings
Table 12 Renishaw: Major Product Offerings
Table 13 ARC Group Worldwide: Major Product Offerings
Table 14 Petersen Precision: Major Product Offerings
Table 15 E-Fab Inc.: Major Product Offerings
Table 16 AccuRounds: Major Product Offerings
Table 17 Lampin Corporation: Major Product Offerings
Table 18 WSI Industries: Major Product Offerings
Table 19 Precision Castparts Corp: Major Product Offerings
Table 20 Greystone: Major Product Offerings
Table 21 Tessa Precision Products: Major Product Offerings
Table 22 Hoppe Technologies: Major Product Offerings
Table 23 Doncasters: Major Product Offerings
Table 24 Consolidated Precision Products: Major Product Offerings
Table 25 ZOLLERN: Major Product Offerings
Table 26 Impro: Major Product Offerings
Table 27 Hitchiner: Major Product Offerings
Table 28 Fritz Winter: Major Product Offerings
Table 29 KERN-LIEBERS: Major Product Offerings
Table 30 BERGER Group: Major Product Offerings
Table 31 IPE Group: Major Product Offerings
Table 32 Paradigm Precision: Major Product Offerings
Table 33 Anton Häring KG: Major Product Offerings
Table 34 Pacific West America, Inc.: Major Product Offerings
Table 35 Caldwell: Major Product Offerings
Table 36 Beere Precision Products: Major Product Offerings
Table 37 US: Precision Parts Manufacturing Market by Regions 2020—2026 ($ billion)
Table 38 US: Precision Parts Manufacturing Market by Regions 2020—2026 (% Revenue)
Table 39 US: Precision Parts Manufacturing Market by End-User 2020—2026 ($ billion)
Table 40 US: Precision Parts Manufacturing Market by End-User 2020—2026 (% Revenue)
Table 41 US: Precision Parts Manufacturing Market by Automotive 2020—2026 ($ billion)
Table 42 US: Precision Parts Manufacturing Market by Automotive 2020—2026 (% Revenue)
Table 43 US: Precision Parts Manufacturing Market by Healthcare 2020—2026 ($ billion)
Table 44 US: Precision Parts Manufacturing Market by Healthcare 2020—2026 (% Revenue)
Table 45 US: Precision Parts Manufacturing Market by Electronics & Semiconductors 2020—2026 ($ billion)
Table 46 US: Precision Parts Manufacturing Market by Electronics & Semiconductors Type 2020—2026 (% Revenue)
Table 47 Precision Parts Manufacturing Market in US by Other End-Users 2020—2026 ($ billion)
Table 48 US: Precision Parts Manufacturing Market by Other End-Users 2020—2026 (% Revenue)
1 Research Methodology
2 Research Objectives
3 Research Process
4 Scope & Coverage
4.1 Market Definition
4.1.1 Inclusions
4.1.2 Exclusions
4.2 Base Year
4.3 Scope Of The Study
4.3.1 Market Segmentation by End Users
4.3.2 Market Segmentation by Geography
5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation
6 Market at a Glance
7 Introduction
7.1 Overview
7.1.1 Industry Outlook
7.1.2 Raw Material Highlights
7.1.3 Key Insights
7.2 Key Propelling Factors
7.2.1 High-precision manufacturing capabilities
7.2.2 Differentiated, system-critical products
7.2.3 Complete product lifecycle focus
7.2.4 Long-term blue-chip customer base
7.3 Impact Of COVID-19
8 Market Opportunities & Trends
8.1 Rising Prominence Of EVs In US
8.2 Application of Additive Manufacturing Across Industries
8.3 Industry 4.0
9 Market Growth Enablers
9.1 Aerospace Aftermarket Business
9.2 Demand From Automotive And Other Industrial Machinery
9.3 Demand In Healthcare Applications
10 Market Restraints
10.1 COVID-19 Impact On Steel Price
10.2 Decline In Construction Sector
10.3 US-CHINA TRADE WAR
11 Market Landscape
11.1 Market Overview
11.2 Market Size & Forecast: Historical Data
11.3 Market Size & Forecast
11.4 Five Forces Analysis
11.4.1 Threat of New Entrants
11.4.2 Bargaining Power of Suppliers
11.4.3 Bargaining Power of Buyers
11.4.4 Threat of Substitutes
11.4.5 Competitive Rivalry
12 End-Users
12.1 Market Snapshot & Growth Engine
12.2 Market Overview
12.2.1 Automotive Highlights in US
12.2.2 Impact of COVID-19
12.2.3 Macro-Outlook
13 Automotive
13.1 Market Overview
13.2 COVID-19 Impact
13.3 Demand Insights
13.4 Key Insights
13.5 Market Size & Forecast
13.6 Market Snapshot & Growth Engine
13.7 Light, Medium, & Heavy Commercial Vehicles
13.7.1 Market Size & Forecast
13.8 Light Vehicles
13.8.1 Market Size & Forecast
13.9 Two- & Three-Wheelers
13.9.1 Market Size & Forecast
14 Healthcare
14.1 Market Overview
14.2 COVID-19 Impact
14.3 Market Size & Forecast
14.4 Market Snapshot & Growth Engine
14.5 Medical Imaging
14.5.1 Market Size & Forecast
14.6 IVD Analyzers
14.6.1 Market Size & Forecast
14.7 Patient Monitoring
14.7.1 Market Size & Forecast
14.8 Others
14.8.1 Market Size & Forecast
15 Electronics And Semiconductor
15.1 Market Overview
15.2 COVID-19 Impact
15.3 Market Size & Forecast
15.4 Market Snapshot & Growth Engine
15.5 Semiconductor Industry
15.5.1 Market Size & Forecast
15.6 Electronics Industry
15.6.1 Market Size & Forecast
16 Aerospace
16.1 Market Overview
16.2 COVID-19 Impact
16.3 Market Size & Forecast
17 Watchmaking Industries
17.1 Market Overview
17.2 COVID-19 Impact
17.3 Market Size & Forecast
18 Other End-Users
18.1 Market Overview
18.2 Key Insights
18.3 Market Size & Forecast
18.4 Market Snapshot & Growth Engine
18.5 Industrial Equipment
18.5.1 Market Size & Forecast
18.6 Defense
18.6.1 Market Size & Forecast
18.7 Heavy Equipment
18.7.1 Market Size & Forecast
18.8 Marine & Offshoring
18.8.1 Market Size & Forecast
18.9 Power Tools
18.9.1 Market Size & Forecast
18.10 Electric Industry
18.10.1 Market Size & Forecast
18.11 Others
18.11.1 Market Size & Forecast
19 Geography
19.1 Market Snapshot & Growth Engine
19.2 Geographic Overview
19.3 Market By Region
20 Key Regions
20.1 Northeast
20.1.1 Market Overview
20.1.2 Pennsylvania: Market Overview
20.1.3 New York: Market Overview
20.1.4 New Jersey: Market Overview
20.1.5 Market Size & Forecast
20.2 West
20.2.1 Market Overview
20.2.2 Washington: Market Overview
20.2.3 Nevada: Market Overview
20.2.4 California: Market Overview
20.2.5 Market Size & Forecast
20.3 South
20.3.1 Market Overview
20.3.2 Key Insights
20.3.3 Florida: Market Overview
20.3.4 Texas: Market Overview
20.3.5 Oklahoma: Market Overview
20.3.6 Alabama: Market Overview
20.3.7 Market Size & Forecast
20.4 Midwest
20.4.1 Market Overview
20.4.2 Key Insights
20.4.3 Minnesota: Market Overview
20.4.4 North Dakota: Market Overview
20.4.5 Michigan: Market Overview
20.4.6 Illinois: Market Overview
20.4.7 Market Size & Forecast
21 Competitive Landscape
21.1 Competition Overview
22 Key Company Profiles
22.1 Barnes Group Inc
22.1.1 Business Overview
22.1.2 Product Offerings
22.1.3 Key Strengths
22.1.4 Key Strategies
22.1.5 Key Opportunities
22.2 NN, INC
22.2.1 Business Overview
22.2.2 Product Offerings
22.2.3 Key Strengths
22.2.4 Key Strategies
22.2.5 Key Opportunities
22.3 Martinrea International
22.3.1 Business Overview
22.3.2 Product Offerings
22.3.3 Key Strengths
22.3.4 Key Strategies
22.3.5 Key Opportunities
22.4 Linamar
22.4.1 Business Overview
22.4.2 Product Offerings
22.4.3 Key Strengths
22.4.4 Key Strategies
22.4.5 Key Opportunities
22.5 WM Berg
22.5.1 Business Overview
22.5.2 Product Offerings
22.5.3 Key Strengths
22.5.4 Key Strategies
22.5.5 Key Opportunities
22.6 Renishaw
22.6.1 Business Overview
22.6.2 Product Offerings
22.6.3 Key Strengths
22.6.4 Key Strategies
22.6.5 Key Opportunities
22.7 ARC Group Worldwide
22.7.1 Business Overview
22.7.2 Product Offerings
22.7.3 Key Strengths
22.7.4 Key Strategies
22.7.5 Key Opportunities
23 Other Prominent Vendors
23.1 Petersen Precision
23.1.1 Business Overview
23.1.2 Product Offerings
23.2 E-FAB INC.
23.2.1 Business Overview
23.2.2 Product Offerings
23.3 Accurounds
23.3.1 Business Overview
23.3.2 Product Offerings
23.4 Lampin Corporation
23.4.1 Business Overview
23.4.2 Product Offerings
23.5 WSI Industries
23.5.1 Business Overview
23.5.2 Product Offerings
23.6 Precision Castparts Corp
23.6.1 Business Overview
23.6.2 Product Offerings
23.7 Greystone
23.7.1 Business Overview
23.7.2 Product Offerings
23.8 Tessa Precision Products
23.8.1 Business Overview
23.8.2 Product Offerings
23.9 HOPPE TECHNOLOGIES
23.9.1 Business Overview
23.9.2 Product Offerings
23.10 Doncasters
23.10.1 Business Overview
23.10.2 Product Offerings
23.11 Consolidated Precision Products
23.11.1 Business Overview
23.11.2 Product Offerings
23.12 Zollern
23.12.1 Business Overview
23.12.2 Product Offerings
23.13 IMPRO
23.13.1 Business Overview
23.13.2 Product Offerings
23.14 Hitchiner
23.14.1 Business Overview
23.14.2 Product Offerings
23.15 FRITZ Winter
23.15.1 Business Overview
23.15.2 Product Offerings
23.16 Kern-Liebers
23.16.1 Business Overview
23.16.2 Product Offerings
23.17 Berger Group
23.17.1 Business Overview
23.17.2 Product Offerings
23.18 IPE GROUP
23.18.1 Business Overview
23.18.2 Product Offerings
23.19 Paradigm Precision
23.19.1 Business Overview
23.19.2 Product Offerings
23.20 ANTON HÄRING KG
23.20.1 Business Overview
23.20.2 Product Offerings
23.21 Pacific West America
23.21.1 Business Overview
23.21.2 Product Offerings
23.22 CALDWELL
23.22.1 Business Overview
23.22.2 Product Offerings
23.23 Beere Precision Products
23.23.1 Business Overview
23.23.2 Product Offerings
24 Report Summary
24.1 Key Takeaways
24.2 Strategic Recommendations
25 Quantitative Summary
25.1 Market By Region
25.2 Market By End-User
25.2.1 Market By Automotive
25.2.2 Market By Healthcare
25.2.3 Market By Electronics & Semiconductors
25.2.4 Market By Other End-Users
26 Appendix
26.1 Abbreviations
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Frequently Asked Questions
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What are the key factors enabling the market growth during the forecast period?
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