Market Overview:
The global machine tools touch probes market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for machine tools touch probes from various end-use industries, such as automobile industry, manufacturing industry, and others. In addition, technological advancements in machine tools touch probes are also contributing to the growth of this market. Based on type, the global machine tools touch probes market is segmented into optical touch probes and radio touch probes. Optical touch probe dominates this market owing to its advantages over other types of contact sensors available in the market today. These include high accuracy and resolution; ability to measure very small features on workpieces; no physical contact with workpiece; and suitability for use with transparent or reflective materials. Based on application, the global machine toolstouch probe markets is segmented into automobile industry, manufacturing industry, and others (medical devices & equipment). The automotive sector accounts for a major share of this market due to rising demand for automobiles across different regions worldwide.
Product Definition:
Machine tools touch probes are used to inspect the geometry of parts machined on CNC machines. They are also used to set tool offsets and work coordinates.
Optical Touch Probes:
Optical touch probes are used to measure the parameters of machine tools. It is an electronic device that emits light and measures the amount of light that is reflected by a surface. The optical probe consists of a transparent cover glass, which is coated with a metallic reflective layer such as silver or aluminum, and an LED source placed behind this metallic coating.
Radio Touch Probes:
Radio touch probes are electronic devices used to measure the proximity of a machine tool's surface to the material being machined. It is an alternative to optical or laser measuring systems as it provides more reliable and precise measurements.
The device consists of an antenna, which is connected by wires or wireless transmission through a transceiver to a control unit that measures the distance between two points on the surface of a work piece.
Application Insights:
The manufacturing industry accounted for the largest revenue share in 2017 and is anticipated to continue its dominance over the forecast period. The growth can be attributed to increasing demand for high precision tools in various applications, such as aerospace & defense, medical equipment, and industrial machinery. In addition, technological advancements coupled with innovations are expected to drive the demand further.
The automobile industry is also estimated to witness significant growth owing to increasing production of electric vehicles (EVs). EVs require highly precise machine tools that can produce components with higher accuracy levels than conventional machines. Therefore, machine tool manufacturers are investing significantly in research & development activities so as to develop advanced touch probes that offer enhanced performance characteristics suitable for use in EV manufacturing plants.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region over the forecast period. The growth can be attributed to increasing industrialization and rising demand for precision tools in various applications. The region accounted for a share of more than 30% in 2017 owing to its large manufacturing sector, which includes several automobile manufacturers as well as metal processing units. Moreover, Asia Pacific has been witnessing strong economic growth since 2010 with major countries such as China and India at the forefront.
Growth Factors:
- Increasing demand for automation in manufacturing sector
- Rising demand for high precision machining and inspection
- Growing popularity of 3D printing and additive manufacturing
- Proliferation of smart factories and Industry 4.0 initiatives
- Technological advancements in machine tools touch probes
Scope Of The Report
Report Attributes
Report Details
Report Title
Machine Tools Touch Probes Market Research Report
By Type
Optical Touch Probes, Radio Touch Probes, Others
By Application
Automobile Industry, Manufacturing Industry, Others
By Companies
Renishaw, Heidenhain, Hexagon AB, Marposs, Haff-Schneider, ZEISS, Blum-Novotest GmbH, OGP, Harbin Pioneer M&E Technical, Mahr GmbH, Tormach Inc., Metrol, Micro-Vu, Centroid CNC
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
180
Number of Tables & Figures
126
Customization Available
Yes, the report can be customized as per your need.
Global Machine Tools Touch Probes Market Report Segments:
The global Machine Tools Touch Probes market is segmented on the basis of:
Types
Optical Touch Probes, Radio Touch Probes, 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
Automobile Industry, Manufacturing Industry, 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:
- Renishaw
- Heidenhain
- Hexagon AB
- Marposs
- Haff-Schneider
- ZEISS
- Blum-Novotest GmbH
- OGP
- Harbin Pioneer M&E Technical
- Mahr GmbH
- Tormach Inc.
- Metrol
- Micro-Vu
- Centroid CNC
Highlights of The Machine Tools Touch Probes 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:
- Optical Touch Probes
- Radio Touch Probes
- Others
- By Application:
- Automobile Industry
- Manufacturing Industry
- 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 Machine Tools Touch Probes 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
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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?
Machine tools touch probes are a type of probe that is used to measure the distance between two points on a workpiece.
Some of the key players operating in the machine tools touch probes market are Renishaw, Heidenhain, Hexagon AB, Marposs, Haff-Schneider, ZEISS, Blum-Novotest GmbH, OGP, Harbin Pioneer M&E Technical, Mahr GmbH, Tormach Inc., Metrol, Micro-Vu, Centroid CNC.
The machine tools touch probes 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 Tools Touch Probes 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 Tools Touch Probes Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Machine Tools Touch Probes 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 Tools Touch Probes 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 Tools Touch Probes Market Size & Forecast, 2018-2028
4.5.1 Machine Tools Touch Probes Market Size and Y-o-Y Growth
4.5.2 Machine Tools Touch Probes Market Absolute $ Opportunity
Chapter 5 Global Machine Tools Touch Probes 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 Machine Tools Touch Probes Market Size Forecast by Type
5.2.1 Optical Touch Probes
5.2.2 Radio Touch Probes
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Machine Tools Touch Probes 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 Machine Tools Touch Probes Market Size Forecast by Applications
6.2.1 Automobile Industry
6.2.2 Manufacturing Industry
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Machine Tools Touch Probes 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 Tools Touch Probes 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 Machine Tools Touch Probes Analysis and Forecast
9.1 Introduction
9.2 North America Machine Tools Touch Probes 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 Machine Tools Touch Probes Market Size Forecast by Type
9.6.1 Optical Touch Probes
9.6.2 Radio Touch Probes
9.6.3 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 Machine Tools Touch Probes Market Size Forecast by Applications
9.10.1 Automobile Industry
9.10.2 Manufacturing Industry
9.10.3 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 Machine Tools Touch Probes Analysis and Forecast
10.1 Introduction
10.2 Europe Machine Tools Touch Probes 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 Machine Tools Touch Probes Market Size Forecast by Type
10.6.1 Optical Touch Probes
10.6.2 Radio Touch Probes
10.6.3 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 Machine Tools Touch Probes Market Size Forecast by Applications
10.10.1 Automobile Industry
10.10.2 Manufacturing Industry
10.10.3 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 Machine Tools Touch Probes Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Machine Tools Touch Probes 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 Machine Tools Touch Probes Market Size Forecast by Type
11.6.1 Optical Touch Probes
11.6.2 Radio Touch Probes
11.6.3 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 Machine Tools Touch Probes Market Size Forecast by Applications
11.10.1 Automobile Industry
11.10.2 Manufacturing Industry
11.10.3 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 Machine Tools Touch Probes Analysis and Forecast
12.1 Introduction
12.2 Latin America Machine Tools Touch Probes 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 Machine Tools Touch Probes Market Size Forecast by Type
12.6.1 Optical Touch Probes
12.6.2 Radio Touch Probes
12.6.3 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 Machine Tools Touch Probes Market Size Forecast by Applications
12.10.1 Automobile Industry
12.10.2 Manufacturing Industry
12.10.3 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) Machine Tools Touch Probes Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Machine Tools Touch Probes 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) Machine Tools Touch Probes Market Size Forecast by Type
13.6.1 Optical Touch Probes
13.6.2 Radio Touch Probes
13.6.3 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) Machine Tools Touch Probes Market Size Forecast by Applications
13.10.1 Automobile Industry
13.10.2 Manufacturing Industry
13.10.3 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 Machine Tools Touch Probes Market: Competitive Dashboard
14.2 Global Machine Tools Touch Probes Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Renishaw
14.3.2 Heidenhain
14.3.3 Hexagon AB
14.3.4 Marposs
14.3.5 Haff-Schneider
14.3.6 ZEISS
14.3.7 Blum-Novotest GmbH
14.3.8 OGP
14.3.9 Harbin Pioneer M&E Technical
14.3.10 Mahr GmbH
14.3.11 Tormach Inc.
14.3.12 Metrol
14.3.13 Micro-Vu
14.3.14 Centroid CNC
