Market Overview:
The global shaft measuring machine market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the shaft measuring machine market can be attributed to the increasing demand for precision measurement and inspection in various industries such as automotive, electric & electronic, mechanical, and others. In addition, the growing demand for automation across different industries is also contributing to the growth of this market. Based on type, the global shaft measuring machine market can be segmented into multi-sensor shaft measuring machines, optical shaft measuring machines, and mechanical shaft measuring machines. The multi-sensor segment is expected to hold a major share of this market during the forecast period owing to its ability to measure various parameters such as diameter, length, concentricity error (CE), runout error (RE), taper angle error (TAE), pitch diameter deviation (PDD), lead deviation (LD) and profile deviation simultaneously with high accuracy. Based on application, the global shaft measuring machine market can be divided into automotive industry; electric & electronic industry; mechanical industry; and other applications including medical equipment manufacturing sector and research institutes etc. Among these applications segments Automotive Industry held dominant position in 2017 due rising demand for automobiles globally .However Electric& Electronic Industry will witness highest CAGR over next decade due rapid expansion taking place in semiconductor , LED lighting , telecom equipment etc sectors .
Product Definition:
A shaft measuring machine is a device used to measure the diameter or width of a shaft. This information can be used to ensure that the shaft will fit properly into corresponding components or assemblies. The importance of using a shaft measuring machine is that it allows for accurate measurements to be made, which helps to avoid problems during assembly and reduces the likelihood of defective parts being produced.
Multi-Sensor:
Multi-sensor is a device that measures different parameters using the same mechanism. It consists of more than one sensor and its associated hardware to measure multiple physical quantities simultaneously. The multi-sensor technology has been evolving over the past few years, owing to increasing demand for integrated systems in industrial applications such as robotics, process automation and smart manufacturing.
Optical:
Optical is a device that emits or reflects light with the help of an optical fiber, glass, plastic or a silica beam. It can be used to measure the position and/or length of this optical fiber in order to determine if it meets industry standards. Optical measurement machines are widely used across various industries such as automotive & transportation, food & beverage processing and packaging machinery manufacturing among others for quality control purposes.
Application Insights:
The automotive segment accounted for the largest revenue share in 2016 and is projected to continue leading over the forecast period. The growth of this segment can be attributed to the increasing production of vehicles across various countries worldwide. Shaft measuring machines are used for monitoring, diagnostics, and repair purposes in automobiles. They help detect problems caused due to misalignment or binding between components which may result in degradation of engine performance or even cause accidents.
Electric & electronic equipment is another major application sector where shaft measuring machines are extensively used owing to their ability to measure angles with high precision and accuracy as well as monitor internal components such as bearings, bushings, seals etc.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region over the forecast period. The growth can be attributed to increasing demand for industrial machinery in countries such as China and India. In addition, rising investments in various sectors including energy, transportation, food & beverage and others are anticipated to fuel market growth over the coming years.
The Asia Pacific was followed by Europe with a revenue share of around 27% in 2017 owing to high product adoption across several industries especially mining and construction.
Growth Factors:
- Increasing demand for shaft measuring machines from the automotive and aerospace industries due to the increasing production of vehicles and aircrafts.
- Growing demand for shaft measuring machines from the power generation sector due to the increasing installation of new power plants across the globe.
- Rising adoption of shaft measuring machines in metal fabrication and machining industries owing to their ability to improve accuracy and productivity.
- Increasing use of shaft measuring machines in research and development activities for developing new products or improving existing ones.
- Growing popularity of online shopping has led to an increase in e-commerce sales, which is expected to drive growth prospects for the global shaft measuring machine market during the forecast period
Scope Of The Report
Report Attributes
Report Details
Report Title
Shaft Measuring Machine Market Research Report
By Type
Multi-Sensor, Optical, Mechanical
By Application
Automotive, Electric & Electronic, Mechanical, Others
By Companies
Wenzel, Chien Wei Precise Technology, Renishaw Plc, Creaform, Helmel Engineering Products, Werth Messtechnik GmbH, Xi'an High-Tech, Aeh Industrial Metrology, Group,Nano (Xi'an) Metrology, Aberlink Ltd, Zeiss International (Subsidiary Of Carl-Zeiss-Stiftung), Faro Technologies, Hexagon AB, Mitutoyo Corporation, Nikon Metrology NV, Perceptron, DUKIN, International Metrology Systems, Metronor, TRIMEK
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
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global Shaft Measuring Machine Market Report Segments:
The global Shaft Measuring Machine market is segmented on the basis of:
Types
Multi-Sensor, Optical, Mechanical
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, Electric & Electronic, Mechanical, 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:
- Wenzel
- Chien Wei Precise Technology
- Renishaw Plc
- Creaform
- Helmel Engineering Products
- Werth Messtechnik GmbH
- Xi'an High-Tech
- Aeh Industrial Metrology
- Group,Nano (Xi'an) Metrology
- Aberlink Ltd
- Zeiss International (Subsidiary Of Carl-Zeiss-Stiftung)
- Faro Technologies
- Hexagon AB
- Mitutoyo Corporation
- Nikon Metrology NV
- Perceptron
- DUKIN
- International Metrology Systems
- Metronor
- TRIMEK
Highlights of The Shaft Measuring Machine 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:
- Multi-Sensor
- Optical
- Mechanical
- By Application:
- Automotive
- Electric & Electronic
- Mechanical
- 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 Shaft Measuring Machine 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?
A shaft measuring machine is a machine that measures the diameter of a shaft.
Some of the major companies in the shaft measuring machine market are Wenzel, Chien Wei Precise Technology, Renishaw Plc, Creaform, Helmel Engineering Products, Werth Messtechnik GmbH, Xi'an High-Tech, Aeh Industrial Metrology, Group,Nano (Xi'an) Metrology, Aberlink Ltd, Zeiss International (Subsidiary Of Carl-Zeiss-Stiftung), Faro Technologies, Hexagon AB, Mitutoyo Corporation, Nikon Metrology NV, Perceptron, DUKIN, International Metrology Systems, Metronor, TRIMEK.
The shaft measuring machine market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Shaft Measuring Machine 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. Shaft Measuring Machine Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Shaft Measuring Machine Market - Supply Chain
4.5. Global Shaft Measuring Machine Market Forecast
4.5.1. Shaft Measuring Machine Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Shaft Measuring Machine Market Size (000 Units) and Y-o-Y Growth
4.5.3. Shaft Measuring Machine Market Absolute $ Opportunity
5. Global Shaft Measuring Machine 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. Shaft Measuring Machine Market Size and Volume Forecast by Type
5.3.1. Multi-Sensor
5.3.2. Optical
5.3.3. Mechanical
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Shaft Measuring Machine 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. Shaft Measuring Machine Market Size and Volume Forecast by Application
6.3.1. Automotive
6.3.2. Electric & Electronic
6.3.3. Mechanical
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Shaft Measuring Machine 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. Shaft Measuring Machine 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 Shaft Measuring Machine 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. Shaft Measuring Machine 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 Shaft Measuring Machine Demand Share Forecast, 2019-2029
9. North America Shaft Measuring Machine 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 Shaft Measuring Machine 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 Shaft Measuring Machine Market Size and Volume Forecast by Application
9.4.1. Automotive
9.4.2. Electric & Electronic
9.4.3. Mechanical
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Shaft Measuring Machine Market Size and Volume Forecast by Type
9.7.1. Multi-Sensor
9.7.2. Optical
9.7.3. Mechanical
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 Shaft Measuring Machine Demand Share Forecast, 2019-2029
10. Latin America Shaft Measuring Machine 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 Shaft Measuring Machine 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 Shaft Measuring Machine Market Size and Volume Forecast by Application
10.4.1. Automotive
10.4.2. Electric & Electronic
10.4.3. Mechanical
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Shaft Measuring Machine Market Size and Volume Forecast by Type
10.7.1. Multi-Sensor
10.7.2. Optical
10.7.3. Mechanical
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 Shaft Measuring Machine Demand Share Forecast, 2019-2029
11. Europe Shaft Measuring Machine 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 Shaft Measuring Machine 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 Shaft Measuring Machine Market Size and Volume Forecast by Application
11.4.1. Automotive
11.4.2. Electric & Electronic
11.4.3. Mechanical
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Shaft Measuring Machine Market Size and Volume Forecast by Type
11.7.1. Multi-Sensor
11.7.2. Optical
11.7.3. Mechanical
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 Shaft Measuring Machine Demand Share, 2019-2029
12. Asia Pacific Shaft Measuring Machine 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 Shaft Measuring Machine 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 Shaft Measuring Machine Market Size and Volume Forecast by Application
12.4.1. Automotive
12.4.2. Electric & Electronic
12.4.3. Mechanical
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Shaft Measuring Machine Market Size and Volume Forecast by Type
12.7.1. Multi-Sensor
12.7.2. Optical
12.7.3. Mechanical
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 Shaft Measuring Machine Demand Share, 2019-2029
13. Middle East & Africa Shaft Measuring Machine 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 Shaft Measuring Machine 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 Shaft Measuring Machine Market Size and Volume Forecast by Application
13.4.1. Automotive
13.4.2. Electric & Electronic
13.4.3. Mechanical
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Shaft Measuring Machine Market Size and Volume Forecast by Type
13.7.1. Multi-Sensor
13.7.2. Optical
13.7.3. Mechanical
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 Shaft Measuring Machine Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Shaft Measuring Machine Market: Market Share Analysis
14.2. Shaft Measuring Machine Distributors and Customers
14.3. Shaft Measuring Machine Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Wenzel
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Chien Wei Precise Technology
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Renishaw Plc
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Creaform
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Helmel Engineering Products
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Werth Messtechnik GmbH
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Xi'an High-Tech
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Aeh Industrial Metrology
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Group,Nano (Xi'an) Metrology
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Aberlink Ltd
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Zeiss International (Subsidiary Of Carl-Zeiss-Stiftung)
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Faro Technologies
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Hexagon AB
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Mitutoyo Corporation
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Nikon Metrology NV
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Perceptron
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. DUKIN
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. International Metrology Systems
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Metronor
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. TRIMEK
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
