Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Precision Measuring Tools Market by Type (Levels Measuring, Squares Measuring, Other), By Application (Commercial, Household, Industrial) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Precision Measuring Tools Market by Type (Levels Measuring, Squares Measuring, Other), By Application (Commercial, Household, Industrial) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 159332 3300 Machinery & Equipment 377 247 Pages 4.8 (33)

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.

Global Precision Measuring Tools Industry Outlook

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


Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year


Number of Pages


Number of Tables & Figures


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:


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.


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:

  1. Quality Vision International
  2. MicroDyn
  3. Starrett
  4. Toolsid
  5. AMPG
  6. Baileigh
  7. Bondhus Corporation

Global Precision Measuring Tools Market Overview

Highlights of The Precision Measuring Tools Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Levels Measuring
    2. Squares Measuring
    3. Other
  1. By Application:

    1. Commercial
    2. Household
    3. Industrial
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. 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

Global Precision Measuring Tools Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. 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 Overview Financials Developments Strategic Outlook
      14.4.2. MicroDyn Overview Financials Developments Strategic Outlook
      14.4.3. Starrett Overview Financials Developments Strategic Outlook
      14.4.4. Toolsid Overview Financials Developments Strategic Outlook
      14.4.5. AMPG Overview Financials Developments Strategic Outlook
      14.4.6. Baileigh Overview Financials Developments Strategic Outlook
      14.4.7. Bondhus Corporation Overview Financials Developments Strategic Outlook
      14.4.8. COMPANY8 Overview Financials Developments Strategic Outlook
      14.4.9. COMPANY9 Overview Financials Developments Strategic Outlook
      14.4.10. COMPANY 10 Overview Financials Developments Strategic Outlook
      14.4.11. COMPANY 11 Overview Financials Developments Strategic Outlook
      14.4.12. COMPANY 12 Overview Financials Developments Strategic Outlook
      14.4.13. COMPANY 13 Overview Financials Developments Strategic Outlook
      14.4.14. COMPANY 14 Overview Financials Developments Strategic Outlook
      14.4.15. COMPANY 15 Overview Financials Developments Strategic Outlook
      14.4.16. COMPANY 16 Overview Financials Developments Strategic Outlook
      14.4.17. COMPANY 17 Overview Financials Developments Strategic Outlook
      14.4.18. COMPANY 18 Overview Financials Developments Strategic Outlook
      14.4.19. COMPANY 19 Overview Financials Developments Strategic Outlook
      14.4.20. COMPANY 20 Overview Financials Developments Strategic Outlook

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