Global Coordinate Measuring Machines Market Overview to 2027 – Featuring Hexagon, ITP, and Nikon Metrology, among others


DUBLIN, October 22, 2021– (BUSINESS WIRE) – The report “Coordinate Measuring Machines (CMM) – Global Market Trajectory & Analytics” has been added to ResearchAndMarkets.com offer.

Amid the COVID-19 crisis, the global coordinate measuring machines (CMM) market estimated at US $ 2.8 billion in 2020, is expected to reach a revised size of US $ 4.1 billion by 2027 , with a CAGR of 5.3% during the analysis period 2020-2027.

Bridge-Type Machine, one of the segments analyzed in the report, is expected to register a CAGR of 5.5% and reach $ 2.3 billion by the end of the analysis period. After an initial analysis of the business implications of the pandemic and the induced economic crisis, the growth of the articulated arm machinery segment is readjusted to a revised CAGR of 5.7% for the next 7 year period.

The US market is estimated at $ 771 million, while China is expected to grow at 8.2% CAGR

The United States Coordinate Measuring Machine (CMM) market is estimated at US $ 771 million in 2020. China, the world’s second-largest economy, is expected to reach a projected market size of US $ 852.2 million in 2020. by 2027, behind a CAGR of 8.2% over the analysis period 2020 to 2027. Other notable geographies include Japan and Canada, each forecasting growth of 2.9% and 4.8% respectively in the period 2020-2027. In Europe, Germany is expected to grow at a CAGR of around 3.3%.

Horizontal arm machine segment registers 5% CAGR

In the global horizontal arm machine segment, the United States, Canada, Japan, China and Europe will lead the estimated 4.5% CAGR for this segment. These regional markets representing a combined market size of US $ 340.5 million in 2020 will reach a projected size of US $ 463.8 million by the end of the analysis period. China will remain among the fastest growing countries in this group of regional markets. Led by countries such as Australia, India and South Korea, the Asia-Pacific market is expected to reach $ 548 million by 2027, while Latin America will grow at a CAGR of 6% in during the analysis period.

Selected Competitors (Total 58 featured):

  • Accurate Sales and Service Pvt. Ltd.

  • Carl Zeiss Industrial Metrology LLC

  • Dog Wei Precise Technology Co. Ltd.

  • Dukin Co., Ltd.

  • FARO Technologies, Inc.

  • Helmel Engineering Products, Inc.

  • Hexagon AB

  • INSPECT 3D

  • ITP Group

  • Metrologic Group SA

  • Metronor AS

  • Mitutoyo Corp.

  • Nikon Metrology NV

  • Renishaw plc.

  • Sipcon Instrument Industries

  • Tarus Products Inc.

  • Trimek

Main topics covered:

I. METHODOLOGY

II. ABSTRACT

1. MARKET OVERVIEW

  • Overview of the influencer market

  • Global market trajectories

  • A prelude

  • Recent market activity

  • The future of coordinate measuring machines (CMMs)

  • Portable CMMs transfer dimensional measurement activity from quality labs to the production floor

  • Growth factors par excellence for the CMM market

  • Higher levels of awareness among end users

  • Demand for high precision devices is driving the market

  • Trend towards miniaturization

  • Global GDP recovery and outlook for industrial and manufacturing production promise stronger growth in metrology equipment and CMMs

  • Global Market Outlook

  • Impact of Covid-19 and an impending global recession

2. FOCUS ON CERTAIN PLAYERS

3. MARKET TRENDS AND FACTORS

  • Developing countries drive future market growth

  • Manufacturing Offshoring Stimulates Market Demand for MMTs in Developing Countries

  • The automotive sector is the key to the demand for automated CMMs

  • Upward trajectory of automotive production drives market demand

  • Aerospace and Defense sector offers growth opportunities for CMM

  • The advent of laser sensors with smaller field of view – a boon for the aviation industry

  • The heavy equipment industry promises bright prospects

  • Growing penetration of MMTs in the medical device industry

  • Portable CMMs continue to increase in demand

  • The market for articulated arm machines will grow

  • Optical CMMs Gain Rapid Popularity

  • Macro CMMs steal the show

  • CMM capacity expansion drives adoption

  • Software upgrades and probes keep the market going

  • Automated CMMs: the new “it” of dimensional metrology

  • Technological Advances: Spearheading Growth

  • Technology reduces coordinate measuring machine setup time

  • Optical CMM for automatic measurement of small castings

  • Rise of optical scanners

  • Emergence of the multi-axis industrial robot

  • Portable articulated arm

  • Machine survey

  • Comparative gauging

  • Automated metrology software

  • Recent advances in metrology software

  • CMM verification gains in prevalence

  • Market challenges

4. WORLD MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETETION

For more information on this report, visit https://www.researchandmarkets.com/r/xwn66h

See the source version on businesswire.com: https://www.businesswire.com/news/home/20211022005426/en/

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