Market Overview:
The global coordinate measuring machinery 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 coordinate measuring machines from various industries such as automotive, aerospace and defense, and electronics. Additionally, the growing awareness about quality control and inspection is also propelling the demand for these machines across different regions.
Product Definition:
A coordinate measuring machine (CMM) is a device used to measure the geometric features of an object. A CMM uses three or more sensors to determine the position of points in space relative to each other. This information can be used to create a 3D model of the object being measured. Coordinate measuring machines are important for quality control and manufacturing processes, as they can be used to verify that parts are made correctly and meet specifications.
Bridge Machinery:
The global bridge machinery market size was valued at USD 8.5 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period. The growth can be attributed to increasing investments in construction sector, particularly in Asia Pacific region, coupled with growing demand for advanced coordinate measuring machines (CMMs) from end-use industries such as automotive and aerospace & defense.
Horizontal Machinery:
Horizontal machinery is used to measure the horizontal movement of objects or components. It can be used for both static and dynamic applications. Horizontal measuring machines are classified into two types on the basis of their application, which are coordinate measuring machine and angle measuring machine. Coordinate machines use a system of rods and wheels to keep track of X, Y & Z axes respectively while angle measurement uses an arm with a scribed arc attached to it; this scribed arc represents the angle in degrees.
Application Insights:
The machinery manufacturing segment dominated the global coordinate measuring machinery market, accounting for a share of over 40.0% in 2017. The growth can be attributed to the increasing demand for precision tools and equipment from various industries such as construction, mining and energy. Moreover, growing investments in developing countries are expected to boost the demand for CMM over the forecast period.
Automotive industry is projected to emerge as one of the fastest-growing application segments during the forecast period owing to increased production levels of passenger cars and heavy vehicles across various regions including Asia Pacific, North America and Europe. Furthermore, technological advancements coupled with stringent regulations regarding vehicle safety are expected drive product adoption in this sector further driving overall market growth during future years.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing strong economic growth on account of increasing foreign investments coupled with rising industrial output. China, India, Japan, South Korea and Taiwan are some of the prominent countries that form Asia Pacific region. These countries have a huge potential for GCM market owing to their large manufacturing sector which includes automotive, electronics & telecommunication equipment as well as machinery manufacturing sectors.
The demand for coordinate measuring machines in Europe is anticipated to grow at a significant rate over the forecast period owing to several infrastructure projects such as construction of new motorways or railways being undertaken by various governments across Germany, Italy and France among other European countries are expected to drive industry growth over next eight years from 2018 till 2030 timeframe).
Growth Factors:
- Increasing demand for Coordinate Measuring Machinery from the automotive and aerospace industries due to the need for high precision and accuracy in manufacturing processes.
- Growing demand for Coordinate Measuring Machinery from small- and medium-sized enterprises (SMEs) due to the increasing awareness of the benefits of using such machinery among these businesses.
- Rising investments in research and development by leading players in the market to develop new and innovative products that can cater to the growing needs of customers.
- The increasing trend of automation across various industrial sectors is expected to drive demand for Coordinate Measuring Machinery over the forecast period.
- Growing popularity of 3D printing technology is anticipated to create opportunities for growth in the global Coordinate Measuring Machinery market over the next few years
Scope Of The Report
Report Attributes
Report Details
Report Title
Coordinate Measuring Machinery Market Research Report
By Type
Bridge Machinery, Horizontal Machinery, Articulated-Arm Machinery, Others
By Application
Machinery Manufacturing, Automotive Industry, Electronics Industry, Aerospace and Defense, Others
By Companies
Hexagon Metrology, Carl Zeiss, Mitutoyo, Nikon Metrology, Coord3, AEH, FARO Technologies, Wenzel, Leader Metrology, Tokyo Seimitsu, Hexagon Metrology, Aberlink, Werth, Helmel
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
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Coordinate Measuring Machinery Market Report Segments:
The global Coordinate Measuring Machinery market is segmented on the basis of:
Types
Bridge Machinery, Horizontal Machinery, Articulated-Arm Machinery, Others
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 Metrology
- Carl Zeiss
- Mitutoyo
- Nikon Metrology
- Coord3
- AEH
- FARO Technologies
- Wenzel
- Leader Metrology
- Tokyo Seimitsu
- Hexagon Metrology
- Aberlink
- Werth
- Helmel
Highlights of The Coordinate Measuring Machinery 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 Machinery
- Horizontal Machinery
- Articulated-Arm Machinery
- Others
- 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 Coordinate Measuring Machinery 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Coordinate measuring machinery (CMM) is a type of machine that uses coordinate systems to measure distances and angles.
Some of the major players in the coordinate measuring machinery market are Hexagon Metrology, Carl Zeiss, Mitutoyo, Nikon Metrology, Coord3, AEH, FARO Technologies, Wenzel, Leader Metrology, Tokyo Seimitsu, Hexagon Metrology, Aberlink, Werth, Helmel.
The coordinate measuring machinery market is expected to register a CAGR of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Coordinate Measuring Machinery 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 Coordinate Measuring Machinery Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Coordinate Measuring Machinery 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 Coordinate Measuring Machinery 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 Coordinate Measuring Machinery Market Size & Forecast, 2020-2028
4.5.1 Coordinate Measuring Machinery Market Size and Y-o-Y Growth
4.5.2 Coordinate Measuring Machinery Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Bridge Machinery
5.2.2 Horizontal Machinery
5.2.3 Articulated-Arm Machinery
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 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 Coordinate Measuring Machinery 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 Coordinate Measuring Machinery 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Bridge Machinery
9.6.2 Horizontal Machinery
9.6.3 Articulated-Arm Machinery
9.6.4 Others
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 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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Bridge Machinery
10.6.2 Horizontal Machinery
10.6.3 Articulated-Arm Machinery
10.6.4 Others
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 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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Bridge Machinery
11.6.2 Horizontal Machinery
11.6.3 Articulated-Arm Machinery
11.6.4 Others
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 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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Bridge Machinery
12.6.2 Horizontal Machinery
12.6.3 Articulated-Arm Machinery
12.6.4 Others
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 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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Bridge Machinery
13.6.2 Horizontal Machinery
13.6.3 Articulated-Arm Machinery
13.6.4 Others
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) 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 Coordinate Measuring Machinery Market: Competitive Dashboard
14.2 Global Coordinate Measuring Machinery Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Hexagon Metrology
14.3.2 Carl Zeiss
14.3.3 Mitutoyo
14.3.4 Nikon Metrology
14.3.5 Coord3
14.3.6 AEH
14.3.7 FARO Technologies
14.3.8 Wenzel
14.3.9 Leader Metrology
14.3.10 Tokyo Seimitsu
14.3.11 Hexagon Metrology
14.3.12 Aberlink
14.3.13 Werth
14.3.14 Helmel
