The global precision machining market is expected to expand from approximately $126.7 billion in 2025 to approximately $134.2 billion in 2026 and $224.1 billion in 2034. Asia-Pacific is expected to account for more than half of the market share in 2025 and continue to lead growth.
The global precision machining market was valued at approximately $126.9 billion in 2025 and is expected to grow at a CAGR of 6.6% from 2026 through 2034, reaching approximately $224.1 billion in 2034. By region, Asia-Pacific accounted for a 43.9% market share as of 2025, with rising demand from the automotive, aerospace, medical and electronics industries identified as a key growth driver.
By segment, milling is expected to hold the largest share, while EDM is projected to grow at a CAGR of approximately 7.5% during the forecast period. CNC leads by control type, with its greater accuracy and repeatability compared with manual systems serving as market drivers. By end user, the automotive sector is expected to account for the largest share, with the expansion of EVs boosting demand for machined components. North America, Europe and Asia-Pacific form the major regional markets.
In the competitive landscape, major players including DMG MORI, ヤマザキマザック, オークマ and マキノ are maintaining their advantages by expanding multi-axis CNC and automation solutions. In addition, the expansion of semiconductor equipment manufacturing and reshoring may support long-term demand.
Among the major companies, 牧野 unveiled the DA500 five-axis vertical machining center at AMB 2024, while マザック highlighted a new product lineup and monitoring functions at IMTS 2024. Sandvik has completed or agreed to acquisitions that strengthen its local supply capabilities for tungsten-related materials, reinforcing the supply structure for advanced materials.