Market Overview:
The global external micrometers market is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for precision measurement instruments in various industries such as automotive, defense & aerospace, manufacturing, pharmaceuticals & healthcare and construction. In addition, the growing demand for external micrometers in emerging countries such as China and India is also contributing to the growth of this market. On the basis of type, standard micrometers are expected to account for a larger share of the global external micrometers market than special micrometers during the forecast period. Standard external micrometers are used for general purpose measurements while special externalmicormetes are used for specific applications that require high accuracy and precision measurements.
Product Definition:
External micrometers are accurate tools used to measure the thickness or diameter of an object with precision. They are often used in manufacturing and quality assurance to ensure products meet specific dimensions.
Standard Micrometers:
The global standard micrometers market size was valued at USD 4.0 billion in 2015 and is expected to witness significant growth over the forecast period owing to its increasing usage in measuring external parameters such as thickness of coatings, linings, and barriers; surface area of wafers; volume of containers; length & width of tubes & pipes. The growing demand for process monitoring equipment is also anticipated to drive the industry growth over the next seven years.
Special Micrometers:
Special micrometers are used in external micrometers market for measuring the thickness of non-ferrous and ferrous metal sheets, aluminum foil, glass, plastic films and other transparent materials. The special function of this device is to measure the thickness with high accuracy even at slow speeds.
Application Insights:
The manufacturing segment accounted for the largest revenue share in 2017 and is projected to continue its dominance over the forecast period. This can be attributed to increasing demand for advanced products and services from various industries, including automotive, aerospace & defense, electronics & semiconductor, medical devices & pharmaceuticals. The manufacturing sector has been witnessing significant growth due to technological advancements coupled with an increase in production levels of high-end goods.
External micrometers are used extensively across several applications in the manufacturing industry owing to their wide range of applications such as precision measurement of dimensional tolerances; surface finish evaluation; material identification; part identification; process monitoring and control at every stage of product life cycle from raw materials procurement through final assembly/disassembly processes. These tools also provide critical dimensional accuracy during each step within a production process thereby ensuring quality output which is likely drive their demand across this industry vertical over the forecast period.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing product demand from various end-use industries, such as manufacturing, automotive, and construction. In addition, rising investments in R&D activities for advanced technologies are anticipated to fuel market growth in this region.
The Asia Pacific held a significant share of global revenue owing to high production volume of semiconductors and electronic devices in China and Japan respectively. Moreover, favorable government policies encouraging domestic manufacturing are estimated to drive industry expansion over the coming years.
Europe accounted for a major share of revenue due to stringent regulations by regulatory bodies pertaining micrometer accuracy requirement that drives innovation among manufacturers operating within Europe’s borders resulting into increased product adoption across several sectors including aerospace & defense and medical device industry resulting into increased regional market growth during the forecast period (2018 - 2030).
Growth Factors:
- Increasing demand from the automotive and aerospace industries for accurate measurement of small parts
- Growing popularity of micrometers in educational institutions for training students in metrology
- Rising demand from medical device manufacturers for calibration and inspection of micro-devices
- Proliferation of nanotechnology and miniaturization in various end-use industries
- Technological advancements that have led to the development of new types of micrometers, such as digital micrometers
Scope Of The Report
Report Attributes
Report Details
Report Title
External Micrometers Market Research Report
By Type
Standard Micrometers, Special Micrometers
By Application
Automotive, Defense & Aerospace, Manufacturing, Pharmaceutical & Healthcare, Construction, Other
By Companies
Grainger, Mitutoyo, Accusize Industrial Tools, Hexagon, Fowler High Precision, Inc., Anytime Tools, Walfront, Starrett, Cutwel Limited, Toto, Alpa Srl, Shanghai Don Cero, S-T Industries, Central Tools, Mahr GmbH, INSIZE CO., LTD.
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
230
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global External Micrometers Market Report Segments:
The global External Micrometers market is segmented on the basis of:
Types
Standard Micrometers, Special Micrometers
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automotive, Defense & Aerospace, Manufacturing, Pharmaceutical & Healthcare, Construction, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Grainger
- Mitutoyo
- Accusize Industrial Tools
- Hexagon
- Fowler High Precision, Inc.
- Anytime Tools
- Walfront
- Starrett
- Cutwel Limited
- Toto
- Alpa Srl
- Shanghai Don Cero
- S-T Industries
- Central Tools
- Mahr GmbH
- INSIZE CO., LTD.
Highlights of The External Micrometers Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Standard Micrometers
- Special Micrometers
- By Application:
- Automotive
- Defense & Aerospace
- Manufacturing
- Pharmaceutical & Healthcare
- Construction
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the External Micrometers Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
External micrometers are a type of precision measuring instrument that is used to measure the size and shape of objects.
Some of the key players operating in the external micrometers market are Grainger, Mitutoyo, Accusize Industrial Tools, Hexagon, Fowler High Precision, Inc., Anytime Tools, Walfront, Starrett, Cutwel Limited, Toto, Alpa Srl, Shanghai Don Cero, S-T Industries, Central Tools, Mahr GmbH, INSIZE CO., LTD..
The external micrometers market is expected to register a CAGR of 5.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. External Micrometers Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. External Micrometers Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. External Micrometers Market - Supply Chain
4.5. Global External Micrometers Market Forecast
4.5.1. External Micrometers Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. External Micrometers Market Size (000 Units) and Y-o-Y Growth
4.5.3. External Micrometers Market Absolute $ Opportunity
5. Global External Micrometers Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. External Micrometers Market Size and Volume Forecast by Type
5.3.1. Standard Micrometers
5.3.2. Special Micrometers
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global External Micrometers Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. External Micrometers Market Size and Volume Forecast by Application
6.3.1. Automotive
6.3.2. Defense & Aerospace
6.3.3. Manufacturing
6.3.4. Pharmaceutical & Healthcare
6.3.5. Construction
6.3.6. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global External Micrometers Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. External Micrometers Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global External Micrometers Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. External Micrometers Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global External Micrometers Demand Share Forecast, 2019-2029
9. North America External Micrometers Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America External Micrometers Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America External Micrometers Market Size and Volume Forecast by Application
9.4.1. Automotive
9.4.2. Defense & Aerospace
9.4.3. Manufacturing
9.4.4. Pharmaceutical & Healthcare
9.4.5. Construction
9.4.6. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America External Micrometers Market Size and Volume Forecast by Type
9.7.1. Standard Micrometers
9.7.2. Special Micrometers
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America External Micrometers Demand Share Forecast, 2019-2029
10. Latin America External Micrometers Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America External Micrometers Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America External Micrometers Market Size and Volume Forecast by Application
10.4.1. Automotive
10.4.2. Defense & Aerospace
10.4.3. Manufacturing
10.4.4. Pharmaceutical & Healthcare
10.4.5. Construction
10.4.6. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America External Micrometers Market Size and Volume Forecast by Type
10.7.1. Standard Micrometers
10.7.2. Special Micrometers
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America External Micrometers Demand Share Forecast, 2019-2029
11. Europe External Micrometers Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe External Micrometers Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe External Micrometers Market Size and Volume Forecast by Application
11.4.1. Automotive
11.4.2. Defense & Aerospace
11.4.3. Manufacturing
11.4.4. Pharmaceutical & Healthcare
11.4.5. Construction
11.4.6. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe External Micrometers Market Size and Volume Forecast by Type
11.7.1. Standard Micrometers
11.7.2. Special Micrometers
11.8.Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe External Micrometers Demand Share, 2019-2029
12. Asia Pacific External Micrometers Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific External Micrometers Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific External Micrometers Market Size and Volume Forecast by Application
12.4.1. Automotive
12.4.2. Defense & Aerospace
12.4.3. Manufacturing
12.4.4. Pharmaceutical & Healthcare
12.4.5. Construction
12.4.6. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific External Micrometers Market Size and Volume Forecast by Type
12.7.1. Standard Micrometers
12.7.2. Special Micrometers
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific External Micrometers Demand Share, 2019-2029
13. Middle East & Africa External Micrometers Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa External Micrometers Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa External Micrometers Market Size and Volume Forecast by Application
13.4.1. Automotive
13.4.2. Defense & Aerospace
13.4.3. Manufacturing
13.4.4. Pharmaceutical & Healthcare
13.4.5. Construction
13.4.6. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa External Micrometers Market Size and Volume Forecast by Type
13.7.1. Standard Micrometers
13.7.2. Special Micrometers
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa External Micrometers Demand Share, 2019-2029
14. Competition Landscape
14.1. Global External Micrometers Market: Market Share Analysis
14.2. External Micrometers Distributors and Customers
14.3. External Micrometers Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Grainger
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Mitutoyo
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Accusize Industrial Tools
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Hexagon
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Fowler High Precision, Inc.
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Anytime Tools
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Walfront
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Starrett
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Cutwel Limited
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Toto
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Alpa Srl
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Shanghai Don Cero
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. S-T Industries
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Central Tools
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Mahr GmbH
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. INSIZE CO., LTD.
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
