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The global precision parts market is expected to see strong growth in the next few years, reaching $304.67 billion in 2028 at a CAGR of 9.4%. This growth can be attributed to factors such as smart factories, high-speed machining, sustainable manufacturing practices, and customization and personalization. Major trends in the market include miniaturization and microfabrication, IoT integration, and precision robotics. Top companies in the market include Amera-Seiki Corporation, Doosan Machine Tools Co. Ltd., and Precision Castparts Corp.