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CHICAGO, March 10, 2021 /PRNewswire/ In-depth analysis and data-driven insights on the impact of COVID-19 included in this U.S. precision parts market report.
The U.S. precision parts market is expected to grow at a CAGR of over 12% during the period 2020-2026.
Key Highlights Offered in the Report:
1. With around 45% of the cost involved in the raw material procurement, the accessibility to the same and at lower prices decides the margins of vendors.
2. CNC machines witnessing widespread adoption and the requirement of skilled labor has increased thereby, impacting the overall labor dynamics in the U.S. precision parts market.
3.North America (mainly US) has the highest number of airports, which are currently undergoing infrastructure expansion and modernization, worth more than USD 120 billion. The requirement for heavy equipment is expected to be high post 2020.
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