Market Overview:
The global machine tool probe market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for high-precision machining and rising adoption of machine tools in various industries. The global machine tool probe market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into contact probe and non-contact probe. The contact probe segment dominates the global machine tool probe market owing to its ability to provide high precision measurements. On the basis of application, the market is divided into three-axis machine tool, four-axis machine tool, five-axis machine tool, and others (including turning centers and grinding machines).
Product Definition:
A machine tool probe is a device used to measure the position or shape of a workpiece on a machine tool. The probe is mounted on the spindle and typically contacts the workpiece surface to take measurements. These measurements can be used to set up the machine tool for machining, or to monitor the progress of machining.
Contact Probe:
A contact probe is a device that is used to measure the gap between two surfaces in order to provide an accurate measurement of the surface finish. The most commonly used contact probes are micrometer and gauge.
The global machine tool probe market size was valued at USD 2,2017 million in 2016 and it is expected to grow at a CAGR of XX% from 2017 - 2022.
Non-Contact Probe:
Non-contact probe is a device that is used to measure the parameters of machine tool without making physical contact with it. It works on the principle of induction and uses an electromagnetic field for communication. The main objective of non-contact probe is to provide real-time data regarding spindle speed, depth of cut, coolant temperature and other such parameters.
Application Insights:
The application segment has been further categorized into three-axis machine tools, four-axis machine tools, and five-axis machine tool. The three-axis machines accounted for the largest market share in 2017 owing to their high penetration in industrial applications. They are widely used to make various components such as gears, shafts, and knives on different types of mills.
The five-axis machines are expected to witness the fastest growth over the forecast period due to their rising adoption in aerospace & defense industry for precision machining of complex parts with high accuracy levels. These devices have a vertical or inclined plane movement capability which allows them versatility and efficiency while performing multiple operations at once on a single piece of workpiece material thus propelling its demand over the forecast period.
Regional Analysis:
Asia Pacific dominated the global machine tool probe market in terms of revenue share in 2017. The region is expected to continue its dominance over the forecast period owing to increasing demand for metal cutting and drilling machines, especially from China and India. In addition, rising investments by governments in developing countries such as China and India are anticipated to fuel the regional growth over the coming years.
The Asia Pacific region is characterized by a large number of manufacturers that cater primarily to domestic markets as well as export their products globally. These companies are focusing on improving product quality along with technological advancements through continuous R&D activities within their organizations which can be attributed towards high industry growth potential over the next eight years.
Growth Factors:
- Increasing demand for machine tools from the automotive and aerospace industries
- Growing demand for high-precision machining in the manufacturing sector
- Rising adoption of probe systems in medical device manufacturing
- Proliferation of 3D printing technology across various industry verticals
- Growing demand for customized probe solutions to meet specific application requirements
Scope Of The Report
Report Attributes
Report Details
Report Title
Machine Tool Probe Market Research Report
By Type
Contact Probe, Non-Contact Probe
By Application
Three-axis Machine Tool, Four-axis Machine Tool, Five-axis Machine Tool
By Companies
Renishaw, Marposs, Blum-Novotest, Hexagon, Heidenhain, Metrol, Zeiss, HARBIN PIONEER, Dongguan Qidu Metrology
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
144
Number of Tables & Figures
101
Customization Available
Yes, the report can be customized as per your need.
Global Machine Tool Probe Market Report Segments:
The global Machine Tool Probe market is segmented on the basis of:
Types
Contact Probe, Non-Contact Probe
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
Three-axis Machine Tool, Four-axis Machine Tool, Five-axis Machine Tool
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:
- Renishaw
- Marposs
- Blum-Novotest
- Hexagon
- Heidenhain
- Metrol
- Zeiss
- HARBIN PIONEER
- Dongguan Qidu Metrology
Highlights of The Machine Tool Probe 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:
- Contact Probe
- Non-Contact Probe
- By Application:
- Three-axis Machine Tool
- Four-axis Machine Tool
- Five-axis Machine Tool
- 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 Machine Tool Probe 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
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- Product & Brand Management
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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?
A machine tool probe is a specialized tool used in machining that is inserted into the workpiece to measure or check the dimensions of the part being machined.
Some of the major companies in the machine tool probe market are Renishaw, Marposs, Blum-Novotest, Hexagon, Heidenhain, Metrol, Zeiss, HARBIN PIONEER, Dongguan Qidu Metrology.
The machine tool probe market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Machine Tool Probe 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 Machine Tool Probe Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Machine Tool Probe 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 Machine Tool Probe 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 Machine Tool Probe Market Size & Forecast, 2020-2028
4.5.1 Machine Tool Probe Market Size and Y-o-Y Growth
4.5.2 Machine Tool Probe 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 Contact Probe
5.2.2 Non-Contact Probe
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 Three-axis Machine Tool
6.2.2 Four-axis Machine Tool
6.2.3 Five-axis Machine Tool
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Machine Tool Probe 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 Machine Tool Probe 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 Contact Probe
9.6.2 Non-Contact Probe
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 Three-axis Machine Tool
9.10.2 Four-axis Machine Tool
9.10.3 Five-axis Machine Tool
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 Contact Probe
10.6.2 Non-Contact Probe
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 Three-axis Machine Tool
10.10.2 Four-axis Machine Tool
10.10.3 Five-axis Machine Tool
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 Contact Probe
11.6.2 Non-Contact Probe
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 Three-axis Machine Tool
11.10.2 Four-axis Machine Tool
11.10.3 Five-axis Machine Tool
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 Contact Probe
12.6.2 Non-Contact Probe
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 Three-axis Machine Tool
12.10.2 Four-axis Machine Tool
12.10.3 Five-axis Machine Tool
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 Contact Probe
13.6.2 Non-Contact Probe
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 Three-axis Machine Tool
13.10.2 Four-axis Machine Tool
13.10.3 Five-axis Machine Tool
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 Machine Tool Probe Market: Competitive Dashboard
14.2 Global Machine Tool Probe Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Renishaw
14.3.2 Marposs
14.3.3 Blum-Novotest
14.3.4 Hexagon
14.3.5 Heidenhain
14.3.6 Metrol
14.3.7 Zeiss
14.3.8 HARBIN PIONEER
14.3.9 Dongguan Qidu Metrology
