Market Overview:
The global precision measuring tools market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for precision measuring tools in commercial, household, and industrial applications. In terms of type, the levels measuring segment is expected to lead the global precision measuring tools market during the forecast period. This can be attributed to the growing demand for levels measuring devices in construction and automotive industries. In terms of application, commercial applications are expected to dominate the global precision measuring tools market during the forecast period.
Product Definition:
Precision measuring tools are used to measure the dimensions of an object with great accuracy. They can be used to measure the size, shape, and position of an object. The most common precision measuring tools are calipers and micrometers.
Precision measuring tools are important because they allow you to accurately measure the dimensions of an object. This is important for tasks such as designing objects or verifying that parts fit together correctly.
Levels Measuring:
The global levels measuring market size was valued at USD 6.5 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period. The increasing demand for level measurement devices from various end-use industries such as construction, automotive, marine, oil & gas and mining among others is anticipated to drive the growth of this industry during the forecast period.
Squares Measuring:
Squares measuring is a device used to measure the size of an object. It’s basically a tool that helps in determining the area or perimeter of an object. Squares are available in different sizes and shapes, where some are designed for small objects and some are specifically meant for large objects. The most common types of squares used in precision measuring tools include angle grids, inch blocks, yardsticks, etc.
Application Insights:
The industrial application segment dominated the global precision measuring tools market, accounting for a share of over 60.0% in 2017. The growth of the industrial sector is expected to boost demand for these devices as they help measure small parts and components with high accuracy. In addition, growing investments by companies in R&D to develop new products are likely to propel industry growth over the forecast period.
Household applications accounted for a significant share in 2017 owing to rising demand from developing countries such as China and India where consumers prefer affordable products with advanced features and functions at low costs compared to other regions globally. Moreover, increasing urbanization has led people living in developed countries such as U.S., Canada, Germany etc.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of a large number of manufacturers and end-users. The region is expected to maintain its dominance over the forecast period due to factors such as early adoption of technologies, high standard of living, and growing demand for precision measuring tools from various application segments. Asia Pacific is projected to grow at a lucrative rate over the forecast period owing to rapid industrialization along with increasing investments in infrastructure development. This will create growth opportunities for precision measuring tool manufacturers in this region. Moreover, rising disposable income levels are anticipated to fuel product demand further driving regional growth.
The European market also held significant share in terms of revenue and is expected gain traction during the forecast years on account of increased spending on construction activities across countries such as Germany, Italy, Spain among others are likely drive industry growth through 2021 ‰tude).
Growth Factors:
- Increasing demand for high-precision measuring tools in the automotive and aerospace industries.
- Growing popularity of 3D printing and rapid prototyping, which require high-precision measurement tools for accurate results.
- Rising demand from small and medium-sized businesses (SMBs) for affordable precision measuring tools that can help them compete with larger enterprises.
- Advances in technology that have led to the development of new types of precision measuring tools, such as optical coordinate measuring machines (CMMs).
- Increased emphasis on quality control and process improvement in manufacturing industries, which has led to increased demand for precision measurement tools
Scope Of The Report
Report Attributes
Report Details
Report Title
Precision Measuring Tools Market Research Report
By Type
Levels Measuring, Squares Measuring, Other
By Application
Commercial, Household, Industrial
By Companies
Quality Vision International, MicroDyn, Starrett, Toolsid, AMPG, Baileigh, Bondhus Corporation
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
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Precision Measuring Tools Market Report Segments:
The global Precision Measuring Tools market is segmented on the basis of:
Types
Levels Measuring, Squares Measuring, Other
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
Commercial, Household, Industrial
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:
- Quality Vision International
- MicroDyn
- Starrett
- Toolsid
- AMPG
- Baileigh
- Bondhus Corporation
Highlights of The Precision Measuring Tools 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:
- Levels Measuring
- Squares Measuring
- Other
- By Application:
- Commercial
- Household
- Industrial
- 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 Precision Measuring Tools 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?
Precision measuring tools are devices that allow for accurate measurements of distances, angles, and other quantities. They can be used in a variety of applications, including manufacturing, engineering, and science.
Some of the key players operating in the precision measuring tools market are Quality Vision International, MicroDyn, Starrett, Toolsid, AMPG, Baileigh, Bondhus Corporation.
The precision measuring tools market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Precision Measuring Tools 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. Precision Measuring Tools Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Precision Measuring Tools Market - Supply Chain
4.5. Global Precision Measuring Tools Market Forecast
4.5.1. Precision Measuring Tools Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Precision Measuring Tools Market Size (000 Units) and Y-o-Y Growth
4.5.3. Precision Measuring Tools Market Absolute $ Opportunity
5. Global Precision Measuring Tools 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. Precision Measuring Tools Market Size and Volume Forecast by Type
5.3.1. Levels Measuring
5.3.2. Squares Measuring
5.3.3. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Precision Measuring Tools 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. Precision Measuring Tools Market Size and Volume Forecast by Application
6.3.1. Commercial
6.3.2. Household
6.3.3. Industrial
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Precision Measuring Tools 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. Precision Measuring Tools 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 Precision Measuring Tools 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. Precision Measuring Tools 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 Precision Measuring Tools Demand Share Forecast, 2019-2026
9. North America Precision Measuring Tools 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 Precision Measuring Tools 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 Precision Measuring Tools Market Size and Volume Forecast by Application
9.4.1. Commercial
9.4.2. Household
9.4.3. Industrial
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Precision Measuring Tools Market Size and Volume Forecast by Type
9.7.1. Levels Measuring
9.7.2. Squares Measuring
9.7.3. Other
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 Precision Measuring Tools Demand Share Forecast, 2019-2026
10. Latin America Precision Measuring Tools 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 Precision Measuring Tools 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 Precision Measuring Tools Market Size and Volume Forecast by Application
10.4.1. Commercial
10.4.2. Household
10.4.3. Industrial
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Precision Measuring Tools Market Size and Volume Forecast by Type
10.7.1. Levels Measuring
10.7.2. Squares Measuring
10.7.3. Other
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 Precision Measuring Tools Demand Share Forecast, 2019-2026
11. Europe Precision Measuring Tools 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 Precision Measuring Tools 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 Precision Measuring Tools Market Size and Volume Forecast by Application
11.4.1. Commercial
11.4.2. Household
11.4.3. Industrial
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Precision Measuring Tools Market Size and Volume Forecast by Type
11.7.1. Levels Measuring
11.7.2. Squares Measuring
11.7.3. Other
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 Precision Measuring Tools Demand Share, 2019-2026
12. Asia Pacific Precision Measuring Tools 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 Precision Measuring Tools 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 Precision Measuring Tools Market Size and Volume Forecast by Application
12.4.1. Commercial
12.4.2. Household
12.4.3. Industrial
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Precision Measuring Tools Market Size and Volume Forecast by Type
12.7.1. Levels Measuring
12.7.2. Squares Measuring
12.7.3. Other
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 Precision Measuring Tools Demand Share, 2019-2026
13. Middle East & Africa Precision Measuring Tools 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 Precision Measuring Tools 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 Precision Measuring Tools Market Size and Volume Forecast by Application
13.4.1. Commercial
13.4.2. Household
13.4.3. Industrial
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Precision Measuring Tools Market Size and Volume Forecast by Type
13.7.1. Levels Measuring
13.7.2. Squares Measuring
13.7.3. Other
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 Precision Measuring Tools Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Precision Measuring Tools Market: Market Share Analysis
14.2. Precision Measuring Tools Distributors and Customers
14.3. Precision Measuring Tools Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Quality Vision International
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. MicroDyn
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Starrett
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Toolsid
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. AMPG
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Baileigh
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Bondhus Corporation
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
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