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Mar, 04 2020

Global Coordinate Measuring Machine Market to Witness High Growth Due to Increasing Demand for Non-Contact Probing Technology

Coordinate Measuring Machine Market is expected to reach at an estimated value of USD 3,627.14 million by 2025 with factors such as high deployment cost of coordinate measuring machine and increasing complexity associated with the functional safety due to adoption of IoT which is hampering the market growth.

Coordinate measuring machine market has shown a significant adoption rate and preferences from North America. This is due to increasing usage of factory automation solutions and increasing government initiatives to support manufacturing industry which will enhance the market growth.

Coordinate Measuring Machine Market Scenario

According to Data Bridge Market Research the coordinate measuring machine market in developing regions is witnessing a growth in terms of its adoption rate, due to growing demand for non-contact probing technology, rising trend of industrial internet of things (IIoT) and superior quality inspections, rising usage of metrology in various industries and growing focus towards quality standards.

Now the question is which are the regions that coordinate measuring machine market players should target? Data Bridge Market Research has estimated market leaders to target Asia- Pacific developing regions to help them in attaining better volume of revenue generation.

Coordinate measuring machine market is becoming more competitive every year with air bearings currently being the largest market type of bearing for the forecast period of 2018 to 2025. Data Bridge Market Research’s new report highlights the major growth factors and opportunities in the coordinate measuring machine market.

For more analysis on the coordinate measuring machine market, request for a briefing with our analysts

Coordinate Measuring Machine Market Development

ASF Metrology announced the acquisition of Nikon Metrology’s in February 2018. This acquisition will help the company to strengthen them in the coordinate measuring machine market and will help them to offer better services to their customer which will enhance their customer base worldwide.

Scope of the Coordinate Measuring Machine Market

Coordinate measuring machine market is segmented on the basis of countries into U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa.

  • All country based analysis of the coordinate measuring machine market is further analyzed based on maximum granularity into further segmentation. On the basis of product, the market is segmented into horizontal arm, gantry, bridge, articulated arm and cantilever. The component segment is divided into machine structure, linear measurement transducers, probe system computer hardware and software. Industry segment of the market is divided into automotive, aerospace, electronics and electrical, energy and power, military and others. Type of bearing segment is divided into air bearings, roller bearings, recirculating bearing packs.
  • Coordinate measuring machine is a device which is specially designed so they can measure the physical geometrical properties of an object. This machine is either manual or automatic in nature. It usually uses probe so they can separate the different points on the surface. Horizontal arm, gantry, cantilever, articulated arm, bridge and other are some of the common products of the coordinate measuring machine. These machines are also used for the manufacturing & assembly so they can easily test any part or assembly. They are widely used in industries such as electronics & electrical, automotive, aerospace, energy & power, military and others.  

To know more about the study

Key Pointers Covered in the Coordinate Measuring Machine Market Industry Trends and Forecast to 2025

  • Market Size
  • Market New Sales Volumes
  • Market Replacement Sales Volumes
  • Installed Base
  • Market By Brands
  • Market Procedure Volumes
  • Market Product Price Analysis
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Market Upcoming Applications
  • Market Innovators Study

Key Market Competitors Covered in the report

  • Hexagon AB
  • Mitutoyo Corporation.
  • Carl Zeiss AG
  • Nikon Metrology NV
  • FARO Technologies, Inc.
  • Aberlink Ltd
  • Helmel Engineering Products,Inc.
  • ITP Group Ltd
  • Nano (Xi'an) Metrology Co.,Ltd
  • Perceptron, Inc.
  • Renishaw plc.
  • Trimek
  • WENZEL Group
  • Werth Messtechnik GmbH

Above are the key players covered in the report, to know about more and exhaustive list of coordinate measuring machine companies, contact us

Research Methodology: Global Coordinate Measuring Machine Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecast using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global Vs Regional Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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