Market Overview:
The Global Benchtop Coordinate Measuring Machine Market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for precision measurement and inspection in various industries such as machinery manufacturing, automotive industry, electronics industry, aerospace and defense, and others. Additionally, the growing trend of Industry 4.0 is also propelling the demand for benchtop coordinate measuring machines across the globe. Based on type, the global benchtop coordinate measuring machine market can be segmented into bridge CMM, cantilever CMM, horizontal arm CMM (HACM), and gantry CMM. The bridge type CMMs are expected to hold a major share of the global benchtop coordinate measuring machine market during the forecast period owing to their high accuracy and precision levels as compared to other types of CMMs. Based on application,the market can be segmented into machinery manufacturing; automotive industry; electronics industry; aerospace and defense; medical devices & equipment manufacturing; food & beverage processing; oil & gas exploration ;and others (textile printing etc.). owingto increasing adoptionof advanced technologiesin this sector .
Product Definition:
A Benchtop Coordinate Measuring Machine is a device used to measure the three-dimensional coordinates of points on a workpiece. It is important for ensuring the accuracy of parts produced by machining or other manufacturing processes.
Bridge CMM:
The global bridge CMM market size was valued at USD 8.5 million in 2015 and is expected to grow at a CAGR of XX% over the forecast period. The increasing demand for automation in manufacturing processes, need for high accuracy and precision, rising R&D activities related to machine tools are some factors that are anticipated to drive the growth of this industry during the forecast period.
Cantilever CMM:
Cantilever CMM is a device used for measuring the length of any straight or curved surface. It is also used to measure the thickness of thin materials and lengths that are longer than its measurement range. The machine consists of a sensor, which is mounted on an arm; this arm has a measuring stick at the end.
Application Insights:
The machinery manufacturing segment dominated the global desktop coordinate measuring machine market in 2017, accounting for a share of over 40.0% by revenue. The growth can be attributed to the increasing demand for precision machined parts and components in various industries such as automotive, construction, electronics etc. Furthermore, an increase in production capacities across several industries is expected to drive the demand further during the forecast period.
The aerospace and defense application segment accounted for a significant share of 15.3% by revenue in 2017 owing to rising investments from governments worldwide toward developing advanced aircraft and spacecraft systems that provide enhanced operational capabilities while reducing costs.
Regional Analysis:
Asia Pacific dominated the global benchtop coordinate measuring machine market in 2017. The region is expected to continue its dominance over the forecast period as well, owing to increasing demand from China and India. Factors such as low-cost labor, high population density, and rapid industrialization & urbanization are anticipated to drive regional growth.
The Asia Pacific region is home to some of the major electronic manufacturing companies such as Wistron Corporation; Quanta Computer Inc.; Inventec Corporation; Foxconn Technology Group; Compal Electronics Inc.; and Hon Hai Precision Industry Company Ltd., among others. These players are actively involved in various projects aimed at reducing production costs by minimizing scrapes & burrs or improving product quality through better inspection procedures or enhanced testing capabilities resulting into higher yields for end products with lower investments than before.
Growth Factors:
- Increasing demand for high-precision and advanced coordinate measuring machines from the automotive and aerospace industries.
- Growing popularity of 3D printing technology, which requires high-precision coordinate measuring machines for accurate measurement of 3D objects.
- Rising demand for benchtop coordinate measuring machines from small and medium-sized businesses that require precision machining services.
- Technological advancements in benchtop coordinate measuring machines that offer improved accuracy, speed, and flexibility.
Scope Of The Report
Report Attributes
Report Details
Report Title
Benchtop Coordinate Measuring Machine Market Research Report
By Type
Bridge CMM, Cantilever CMM, Horizontal Arm CMM, Gantry CMM
By Application
Machinery Manufacturing, Automotive Industry, Electronics Industry, Aerospace and Defense, Others
By Companies
Hexagon, Zeiss, Mitutoyo, Nikon, Werth, Leader Metrology, Wenzel, Tokyo Seimitsu, Helmel, Dukin, Hexagon, AEH, COORD3
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
149
Number of Tables & Figures
105
Customization Available
Yes, the report can be customized as per your need.
Global Benchtop Coordinate Measuring Machine Market Report Segments:
The global Benchtop Coordinate Measuring Machine market is segmented on the basis of:
Types
Bridge CMM, Cantilever CMM, Horizontal Arm CMM, Gantry CMM
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
Machinery Manufacturing, Automotive Industry, Electronics Industry, Aerospace and Defense, Others
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:
- Hexagon
- Zeiss
- Mitutoyo
- Nikon
- Werth
- Leader Metrology
- Wenzel
- Tokyo Seimitsu
- Helmel
- Dukin
- Hexagon
- AEH
- COORD3
Highlights of The Benchtop Coordinate Measuring Machine 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:
- Bridge CMM
- Cantilever CMM
- Horizontal Arm CMM
- Gantry CMM
- By Application:
- Machinery Manufacturing
- Automotive Industry
- Electronics Industry
- Aerospace and Defense
- Others
- 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 Benchtop Coordinate Measuring Machine 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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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?
Benchtop coordinate measuring machine is a device that helps in the measurement of distances and angles. It is also known as a micrometer, vernier caliper, or protractor.
Some of the key players operating in the benchtop coordinate measuring machine market are Hexagon, Zeiss, Mitutoyo, Nikon, Werth, Leader Metrology, Wenzel, Tokyo Seimitsu, Helmel, Dukin, Hexagon, AEH, COORD3.
The benchtop coordinate measuring machine market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Benchtop Coordinate Measuring Machine Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Benchtop Coordinate Measuring Machine Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Benchtop Coordinate Measuring Machine Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Benchtop Coordinate Measuring Machine Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Benchtop Coordinate Measuring Machine Market Size & Forecast, 2018-2028
4.5.1 Benchtop Coordinate Measuring Machine Market Size and Y-o-Y Growth
4.5.2 Benchtop Coordinate Measuring Machine Market Absolute $ Opportunity
Chapter 5 Global Benchtop Coordinate Measuring Machine Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Benchtop Coordinate Measuring Machine Market Size Forecast by Type
5.2.1 Bridge CMM
5.2.2 Cantilever CMM
5.2.3 Horizontal Arm CMM
5.2.4 Gantry CMM
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Benchtop Coordinate Measuring Machine Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Benchtop Coordinate Measuring Machine Market Size Forecast by Applications
6.2.1 Machinery Manufacturing
6.2.2 Automotive Industry
6.2.3 Electronics Industry
6.2.4 Aerospace and Defense
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Benchtop Coordinate Measuring Machine Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Benchtop Coordinate Measuring Machine Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Benchtop Coordinate Measuring Machine Analysis and Forecast
9.1 Introduction
9.2 North America Benchtop Coordinate Measuring Machine Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Benchtop Coordinate Measuring Machine Market Size Forecast by Type
9.6.1 Bridge CMM
9.6.2 Cantilever CMM
9.6.3 Horizontal Arm CMM
9.6.4 Gantry CMM
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Benchtop Coordinate Measuring Machine Market Size Forecast by Applications
9.10.1 Machinery Manufacturing
9.10.2 Automotive Industry
9.10.3 Electronics Industry
9.10.4 Aerospace and Defense
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Benchtop Coordinate Measuring Machine Analysis and Forecast
10.1 Introduction
10.2 Europe Benchtop Coordinate Measuring Machine Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Benchtop Coordinate Measuring Machine Market Size Forecast by Type
10.6.1 Bridge CMM
10.6.2 Cantilever CMM
10.6.3 Horizontal Arm CMM
10.6.4 Gantry CMM
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Benchtop Coordinate Measuring Machine Market Size Forecast by Applications
10.10.1 Machinery Manufacturing
10.10.2 Automotive Industry
10.10.3 Electronics Industry
10.10.4 Aerospace and Defense
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Benchtop Coordinate Measuring Machine Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Benchtop Coordinate Measuring Machine Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Benchtop Coordinate Measuring Machine Market Size Forecast by Type
11.6.1 Bridge CMM
11.6.2 Cantilever CMM
11.6.3 Horizontal Arm CMM
11.6.4 Gantry CMM
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Benchtop Coordinate Measuring Machine Market Size Forecast by Applications
11.10.1 Machinery Manufacturing
11.10.2 Automotive Industry
11.10.3 Electronics Industry
11.10.4 Aerospace and Defense
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Benchtop Coordinate Measuring Machine Analysis and Forecast
12.1 Introduction
12.2 Latin America Benchtop Coordinate Measuring Machine Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Benchtop Coordinate Measuring Machine Market Size Forecast by Type
12.6.1 Bridge CMM
12.6.2 Cantilever CMM
12.6.3 Horizontal Arm CMM
12.6.4 Gantry CMM
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Benchtop Coordinate Measuring Machine Market Size Forecast by Applications
12.10.1 Machinery Manufacturing
12.10.2 Automotive Industry
12.10.3 Electronics Industry
12.10.4 Aerospace and Defense
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Benchtop Coordinate Measuring Machine Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Benchtop Coordinate Measuring Machine Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Benchtop Coordinate Measuring Machine Market Size Forecast by Type
13.6.1 Bridge CMM
13.6.2 Cantilever CMM
13.6.3 Horizontal Arm CMM
13.6.4 Gantry CMM
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Benchtop Coordinate Measuring Machine Market Size Forecast by Applications
13.10.1 Machinery Manufacturing
13.10.2 Automotive Industry
13.10.3 Electronics Industry
13.10.4 Aerospace and Defense
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Benchtop Coordinate Measuring Machine Market: Competitive Dashboard
14.2 Global Benchtop Coordinate Measuring Machine Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Hexagon
14.3.2 Zeiss
14.3.3 Mitutoyo
14.3.4 Nikon
14.3.5 Werth
14.3.6 Leader Metrology
14.3.7 Wenzel
14.3.8 Tokyo Seimitsu
14.3.9 Helmel
14.3.10 Dukin
14.3.11 Hexagon
14.3.12 AEH
14.3.13 COORD3
