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Shape Measuring Devices Market Size, Share, Growth, Key Trends and Forecast To Reach $2.1 billion by 2031

04-19-2023 03:37 PM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

Shape Measuring Devices Market

Shape Measuring Devices Market

The shape measuring devices market size was valued at $1.3 billion in 2021, and is estimated to reach $2.1 billion by 2031, growing at a CAGR of 4.6% from 2022 to 2031.

Shape measuring discloses minute surface flaws and irregularities such as burrs and scratches as well as markings on the products' surfaces. A shape measuring device is an optical measuring equipment that is equipped with a projection unit and uses the light section method. It is configured to project a predetermined pattern such as slit light onto an object to be measured. The object under investigation is truly defined by the shape measurement equipment.

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COMPETITION ANALYSIS
The major players profiled in the shape measuring devices market include Alicona Imaging GmbH, Alpa Metrology S.r.l., AMETEK.Inc, Clemex, HORIBA Scientific, Obishi Keiki Seisakusho Co., QPT Innovative Technik Handels GmbH, Retsch, Scantron Industrial Products Ltd., and Smart Vision.

The use of shape measuring devices is widespread in a number of industries, including those that produce steel & metal, electronics, healthcare, aerospace, defense, and micro-precise goods. For small-scale metal manufacturing companies, major participants in the market, including Bruker, HORIBA Scientific, and Retsch, provide specialized shape measurement machines.

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The global shape measuring devices market is segmented into type, application, sales channel, and region. Depending on type, the market is divided into optical, 3d, and others. By application, it is fragmented into cutting-edge, cutting tool, and others. Depending on the sales channel, it is bifurcated into in store and online.

Region wise, the shape measuring devices market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Germany, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).

Key findings of the study
• The report provides an extensive analysis of the current and emerging global shape measuring devices market trends and dynamics.
• Depending on the type, the optical segment dominated the market in 2021.
• On the basis of application, the cutting-edge segment led the market in 2021.
• By sales channel, the in-store segment generated the highest revenue in 2021.
• Region wise, Asia-Pacific dominated the market in 2021; however, LAMEA is anticipated to dominate the market, exhibiting the highest CAGR during the shape measuring devices market forecast period.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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