The global machine tool touch probes market is expected to grow at a CAGR of 4.5% during the forecast period, from 2021 to 2030. The growth of this market can be attributed to the increasing demand for machine tools in various industries such as automotive, defense and aerospace, electronic, general machining, medical and petrochemical. The increasing demand for these machines is due to their ability to produce high-quality products with less wastage and low production costs.
The 3D touch probes segment accounted for the largest share of the global machine tool touch probes market in 2018 owing to its ability to measure 3D coordinates on a surface with accuracy up to 0.1 mm or better than 1 micron. This segment is expected grow at a CAGR of 5% during the forecast period from 2021-2030 due its use in various applications such as automotive, defense and aerospace, electronic and general machining sectors among others which are witnessing an increase in demand for these machines owing their ability produce high-quality products with less wastage and low production costs.
5a) Increasing adoption rates of touch probes due to their accuracy, reliability, ease-of-use, low cost per probe ratio etc, are some other factors that will drive this market's growth over the forecast period.
5b) Lack of skilled professionals with expertise in touch probes design & manufacturing is another challenge faced by manufacturers.
- The increasing demand for machine tools in the manufacturing industry is a major factor driving the growth of the market.
- The increasing demand for automation in various industries is also a major factor driving the growth of this market.
- The need to reduce production costs and increase efficiency are also factors that are driving this market's growth.
- Increasing investments by governments and private companies in research and development activities related to machine tools is another factor that will drive this market's growth over the forecast period, as it will lead to new product developments, which will be adopted by manufacturers across various industries, thereby boosting their productivity levels and profitability margins as well as those of suppliers of these products and services.
Industry Growth Insights published a new data on “Machine Tool Touch Probes Market”. The research report is titled “Machine Tool Touch Probes Market research by Types (3D Touch Probes, 2D Spindle Probes, Tool-length Measuring Probes, Tool Touch-off Probes), By Applications (Automotive, Defense & Aerospace, Electronic, General Machining, Medical, Petrochemical, Others), By Players/Companies Renishaw plc., Hexagon AB, DR. Johannes Heidenhain GmbH, Blum-Novotest GmbH, Tormach, Inc., METROL Co., Ltd., Marposs S.p.A., P-Tech Industries Pvt. Ltd., Centroid Corporation, J & M Precision Products Inc., Micro-Vu., Quality Vision International, Inc., Mahr GmbH, Magnescale Co. Ltd.”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Machine Tool Touch Probes Market Research Report
By Type
3D Touch Probes, 2D Spindle Probes, Tool-length Measuring Probes, Tool Touch-off Probes
By Application
Automotive, Defense & Aerospace, Electronic, General Machining, Medical, Petrochemical, Others
By Companies
Renishaw plc., Hexagon AB, DR. Johannes Heidenhain GmbH, Blum-Novotest GmbH, Tormach, Inc., METROL Co., Ltd., Marposs S.p.A., P-Tech Industries Pvt. Ltd., Centroid Corporation, J & M Precision Products Inc., Micro-Vu., Quality Vision International, Inc., Mahr GmbH, Magnescale 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
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Machine Tool Touch Probes Market Report Segments:
The global Machine Tool Touch Probes market is segmented on the basis of:
Types
3D Touch Probes, 2D Spindle Probes, Tool-length Measuring Probes, Tool Touch-off Probes
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, Electronic, General Machining, Medical, Petrochemical, 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 plc.
- Hexagon AB
- DR. Johannes Heidenhain GmbH
- Blum-Novotest GmbH
- Tormach, Inc.
- METROL Co., Ltd.
- Marposs S.p.A.
- P-Tech Industries Pvt. Ltd.
- Centroid Corporation
- J & M Precision Products Inc.
- Micro-Vu.
- Quality Vision International, Inc.
- Mahr GmbH
- Magnescale Co. Ltd.
Highlights of The Machine Tool 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:
- 3D Touch Probes
- 2D Spindle Probes
- Tool-length Measuring Probes
- Tool Touch-off Probes
- By Application:
- Automotive
- Defense & Aerospace
- Electronic
- General Machining
- Medical
- Petrochemical
- 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 Tool 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.
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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 Tool Touch Probes are a type of touch probe that is used to measure the distance between two points on a workpiece.
Some of the key players operating in the machine tool touch probes market are Renishaw plc., Hexagon AB, DR. Johannes Heidenhain GmbH, Blum-Novotest GmbH, Tormach, Inc., METROL Co., Ltd., Marposs S.p.A., P-Tech Industries Pvt. Ltd., Centroid Corporation, J & M Precision Products Inc., Micro-Vu., Quality Vision International, Inc., Mahr GmbH, Magnescale Co. Ltd..
The machine tool touch probes market is expected to register a CAGR of 4.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Machine Tool Touch Probes 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. Machine Tool Touch Probes Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Machine Tool Touch Probes Market - Supply Chain
4.5. Global Machine Tool Touch Probes Market Forecast
4.5.1. Machine Tool Touch Probes Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Machine Tool Touch Probes Market Size (000 Units) and Y-o-Y Growth
4.5.3. Machine Tool Touch Probes Market Absolute $ Opportunity
5. Global Machine Tool Touch Probes 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. Machine Tool Touch Probes Market Size and Volume Forecast by Type
5.3.1. 3D Touch Probes
5.3.2. 2D Spindle Probes
5.3.3. Tool-length Measuring Probes
5.3.4. Tool Touch-off Probes
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Machine Tool Touch Probes 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. Machine Tool Touch Probes Market Size and Volume Forecast by Application
6.3.1. Automotive
6.3.2. Defense & Aerospace
6.3.3. Electronic
6.3.4. General Machining
6.3.5. Medical
6.3.6. Petrochemical
6.3.7. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Machine Tool Touch Probes 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. Machine Tool Touch Probes 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 Machine Tool Touch Probes 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. Machine Tool Touch Probes 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 Machine Tool Touch Probes Demand Share Forecast, 2019-2026
9. North America Machine Tool Touch Probes 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 Machine Tool Touch Probes 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 Machine Tool Touch Probes Market Size and Volume Forecast by Application
9.4.1. Automotive
9.4.2. Defense & Aerospace
9.4.3. Electronic
9.4.4. General Machining
9.4.5. Medical
9.4.6. Petrochemical
9.4.7. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Machine Tool Touch Probes Market Size and Volume Forecast by Type
9.7.1. 3D Touch Probes
9.7.2. 2D Spindle Probes
9.7.3. Tool-length Measuring Probes
9.7.4. Tool Touch-off Probes
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 Machine Tool Touch Probes Demand Share Forecast, 2019-2026
10. Latin America Machine Tool Touch Probes 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 Machine Tool Touch Probes 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 Machine Tool Touch Probes Market Size and Volume Forecast by Application
10.4.1. Automotive
10.4.2. Defense & Aerospace
10.4.3. Electronic
10.4.4. General Machining
10.4.5. Medical
10.4.6. Petrochemical
10.4.7. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Machine Tool Touch Probes Market Size and Volume Forecast by Type
10.7.1. 3D Touch Probes
10.7.2. 2D Spindle Probes
10.7.3. Tool-length Measuring Probes
10.7.4. Tool Touch-off Probes
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 Machine Tool Touch Probes Demand Share Forecast, 2019-2026
11. Europe Machine Tool Touch Probes 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 Machine Tool Touch Probes 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 Machine Tool Touch Probes Market Size and Volume Forecast by Application
11.4.1. Automotive
11.4.2. Defense & Aerospace
11.4.3. Electronic
11.4.4. General Machining
11.4.5. Medical
11.4.6. Petrochemical
11.4.7. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Machine Tool Touch Probes Market Size and Volume Forecast by Type
11.7.1. 3D Touch Probes
11.7.2. 2D Spindle Probes
1.7.3. Tool-length Measuring Probes
11.7.4. Tool Touch-off Probes
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 Machine Tool Touch Probes Demand Share, 2019-2026
12. Asia Pacific Machine Tool Touch Probes 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 Machine Tool Touch Probes 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 Machine Tool Touch Probes Market Size and Volume Forecast by Application
12.4.1. Automotive
12.4.2. Defense & Aerospace
12.4.3. Electronic
12.4.4. General Machining
12.4.5. Medical
12.4.6. Petrochemical
12.4.7. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Machine Tool Touch Probes Market Size and Volume Forecast by Type
12.7.1. 3D Touch Probes
12.7.2. 2D Spindle Probes
12.7.3. Tool-length Measuring Probes
12.7.4. Tool Touch-off Probes
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 Machine Tool Touch Probes Demand Share, 2019-2026
13. Middle East & Africa Machine Tool Touch Probes 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 Machine Tool Touch Probes 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 Machine Tool Touch Probes Market Size and Volume Forecast by Application
13.4.1. Automotive
13.4.2. Defense & Aerospace
13.4.3. Electronic
13.4.4. General Machining
13.4.5. Medical
13.4.6. Petrochemical
13.4.7. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Machine Tool Touch Probes Market Size and Volume Forecast by Type
13.7.1. 3D Touch Probes
13.7.2. 2D Spindle Probes
13.7.3. Tool-length Measuring Probes
13.7.4. Tool Touch-off Probes
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 Machine Tool Touch Probes Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Machine Tool Touch Probes Market: Market Share Analysis
14.2. Machine Tool Touch Probes Distributors and Customers
14.3. Machine Tool Touch Probes Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Renishaw plc.
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Hexagon AB
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. DR. Johannes Heidenhain GmbH
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Blum-Novotest GmbH
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Tormach, 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. METROL Co., Ltd.
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Marposs S.p.A.
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. P-Tech Industries Pvt. Ltd.
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Centroid Corporation
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. J & M Precision Products Inc.
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Micro-Vu.
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Quality Vision International, Inc.
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Mahr GmbH
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Magnescale Co. Ltd.
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
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
