Press release
Coordinate Measuring Machine Market Forecasting CAGR of 7.11% Between 2018 to 2025 by Top Key Players Accurate Engineering Company, Mitutoyo America Corporation, Hexagon AB, Creaform, ZEISS Industrial Metrology, NIKON METROLOGY, Renishaw, ZEISS Group
The global coordinate measuring machine market is projected to grow at a CAGR of 7.11% during the forecast period of 2018 to 2025.
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Global Coordinate Measuring Machine Market, By Offering (Hardware, Software, Services), By Technology (Machine Vision, NDT, Metrology), By Product (Market overview , Bridge ,Articulated arm ,Horizontal arm ,Gantry)By End User (Market overview , Automotive industry ,Aerospace industry ,Other industry), By Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East & Africa.)– Industry Trends and Forecast to 2025
Complete report on Global Coordinate Measuring Machine Market Research Report 2017-2024 spread across 350 Pages, profiling Top companies and supports with tables and figures
Market Definition: Global Coordinate Measuring Machine Market
Global coordinate measuring machines are devices used for measuring the physical geometrical characteristics of an object. Coordinate measuring machine has four major components: computer control system, software, the machine and, probe contact or non-contact. Coordinate measuring machines have set the standard for reliability and accuracy of inspection of products across the manufacturing industries. Technology advancements for improved flexibility, ease of use and simplicity of the coordinate measuring machines, which are able to satisfy the inspection requirements are expected to witness a rapid market expansion. For instance, leading Chinese CMM builder AEH, located in Xi’an, has taken an alternative approach to its competitors by acquiring the German horizontal-arm supplier Mora in 2009. In addition it acquired the French CMM software company INSPECT 3D providing it with its own metrology software and a CMM distribution channel in Europe.
Top Key Players:
• Carl Zeiss AG
• CHIEN WEI PRECISE TECHNOLOGY CO.LTD.
• Renishaw plc.
• Wenzel America, LTD.
• ITP GROUP
• International Metrology Systems
• Accurate Engineering Company Pvt. Ltd.
• Mitutoyo America Corporation
• HEXAGON
• ZEISS Industrial Metrology
• Nikon Metrology NV
• XI’AN HIGH-TECH AEH INDUSTRIAL METROLOGY CO.,LTD
• Werth Messtechnik Gmbh
• Helmel Engineering Products,Inc.
• CREAFORM
• among others.
Key Reasons to Purchase:
• To gain insightful analyses of the market and have comprehensive understanding of the Global Coordinate Measuring Machine Market and its commercial landscape.
• Assess the Coordinate Measuring Machine production processes, major issues, and solutions to mitigate the development risk.
• To understand the most affecting driving and restraining forces in the Coordinate Measuring Machine Market and its impact in the Global market.
• Learn about the market strategies that are being adopted by leading respective organizations.
• To understand the future outlook and prospects for Global Coordinate Measuring Machine Market.
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Customization Options
• All segmentation provided above in this report is represented at country level and can be customized according to needs.
• All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)
Major Market Drivers and Restraints:
• Rise in EV sales
• Growing awareness with respect to safety and quality standards
• Use of metrology in new-generation nuclear power plants
• Increasing use of metrology in power sector
• Increase in number of commercial aircraft.
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Market Segmentations:
Global Coordinate Measuring Machine Market is segmented on the basis of
• Offering
• Technology
• Product
• End-User
• Geography
Market Segmentations in Details:
On the basis of Offering, the market is segmented into hardware, software and services.
On the basis of Technology, the market is segmented into machine vision, NDT and metrology. NDT are sub segmented into visual inspection, radiography, ultrasonic and eddy current.
On the basis of Product, the market is segmented bridge, articulated arm, horizontal arm, gantry.
On the basis of End-User, the global coordinate measuring machine market is segmented into automotive industry, aerospace industry and others.
On the basis of Geography,
• North America
• South America
• Europe
• Asia-Pacific
• Middle East & Africa
Competitive Landscape: Global Coordinate Measuring Machine Market
The global coordinate measuring machine market is consolidated due to the presence of limited number of players concentrated in few countries. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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