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Precision Measuring Instruments Market Size, Forecasts Analysis, Industry Growth, Company Profiles, Global 2021 Industry Share and Key Regions 2026
The Precision Measuring Instruments Market report is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.The Global Precision Measuring Instruments Market Size is Projected to Reach at a CAGR of 5% during 2021-2026.
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Market Overview:
Driven by digitization and IoT & 5G implementation, the fourth industrial transformation is one of the prime drivers of the precision measuring tools market. Persistent growth of the global manufacturing sector is another driver encouraging manufacturers of precision measuring tools to introduce innovative measuring solutions in the market. Further, to enhance the production quality, clients are seeking reliable yet cost-effective precision measuring tools. With the aim to maintain the quality control of the production, manufacturers of precision measuring tools are consistently introducing efficient tools with CE marking. As precision measuring tools encompass a wide range of tools starting from micrometres to microscopes, the market for precision measuring tools is marked by consistent product launches and M&A business activities by leading stakeholders.
Top Leading Companies:
Mitutoyo, Guilin Guanglu, Tesa, MAHR, Stanley Black and Decker, Starrett, Jingjiang Measuring Tools, Sylvac, Hexagon, Baker Gauges, Guilin Measuring & Cutting Tool, HELIOS-PREISSER, Fowler, Adolf W�rth, FERVI, Tema Electronics, MICROTECH, Tajima, S-T Industries
Recent Development:
TESA has acquired 2 companies. TESA has been acquired in 2 countries. The Company’s most targeted sectors include construction (50%) and test/measurement equipment (50%). TESA S.p.A. is a manufacturer of products and systems for the adhesive industry, the trade and the consumer.
Stanley Black & Decker has acquired 28 companies, including 6 in the last 5 years. A total of 10 acquisitions came from private equity firms. It has also divested 6 assets. Stanley Black & Decker’s largest acquisition to date was in 2010 when it acquired Black & Decker for $4.5B. Its largest disclosed sale occurred in 2012 when it sold Hardware & Home Improvement Group to Spectrum Brands Holdings for $1.4B. Stanley Black & Decker has acquired in 14 different US states, and 6 countries. The Company’s most targeted sectors include safety/security (35%) and manufacturing (27%).
Precision Measuring Instruments Market Segmentation by Type:
Calipers
Micrometers
Gauges
Others
Precision Measuring Instruments Market Segmentation by Application:
Automotive
General Manufacturing
Scientific&Research
Others
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Regional Precision Measuring Instruments Market (Regional Output, Demand & Forecast by Countries)
North America (United States, Canada, Mexico)
South America (Brazil, Argentina, Ecuador, Chile)
Asia Pacific (China, Japan, India, Korea)
Europe (Germany, UK, France, Italy)
Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And additional.
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Highlights of the Precision Measuring Instruments Market Report:
Detailed overview of Precision Measuring Instruments Market
Changing the Precision Measuring Instruments market dynamics of the industry
In-depth market segmentation by Type, Application, etc.
Historical, current and projected Precision Measuring Instruments market size in terms of volume and value
Recent industry trends and developments
Competitive landscape of Precision Measuring Instruments Market
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth.
The research includes historic data from 2016 to 2021 and forecasts until 2026 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.
Finally, the Precision Measuring Instruments Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, and market development rate and figure, and so on. Precision Measuring Instruments industry report additionally Presents a new task SWOT examination, speculation attainability investigation, and venture return investigation.
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