Press release
Coordinate Measuring Machine Market Global Report 2025: Trends, Growth Drivers, and Forecast To 2034
Coordinate Measuring Machine Market
Unveiling the Potential Growth of the Global Coordinate Measuring Machine Market
The global Coordinate Measuring Machine market is witnessing a significant surge, slated to reach new horizons over the next few years.
What Is The Projected Market Size Of The Global Coordinate Measuring Machine Market And Its Growth Rate?
Projected market growth insights include:
• Surging from $3.73 billion in 2024 to $4.08 billion in 2025 at a compound annual growth rate (CAGR) of 9.4%.
• Predicted to further grow to $5.97 billion in 2029 at a CAGR of 10.0%.
• Key contributing factors to this exponential growth are the rise in the automotive sector, automation, sustainable manufacturing, shortened product development cycles, and industrialization.
What Is Driving The Growth In The Coordinate Measuring Machine Market?
The continued expansion of the automotive sector is stimulating the growth of the Coordinate Measuring Machine market. The large-scale production of motor vehicles and their various components requires the effective use of Coordinate Measuring Machines (CMMs) across applications such as vehicle dynamics simulations. The registered motor vehicles in Australia, for instance, witnessed a growth by 2% from January 2021, featuring a 100% increase in Battery Electric Vehicles.
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Who Are The Key Players Driving Coordinate Measuring Machine Market Growth?
Key market players include:
• Carl Zeiss AG
• Creaform Inc.
• Eley Metrology
• FARO Technologies Inc.
• Hexagon AB
• Keyence Corporation
• Metronor AS
• Mitutoyo Corporation
• Nikon Metrology NV
• Tokyo Seimitsu Co. Ltd., among others.
What Are The Key Trends In The Coordinate Measuring Machine Market?
Future market trends include:
• Non-contact metrology
• 3D scanning and digitization
• Shop-floor CMMs
• Multi-sensor CMMs
• Portable CMMs
What Are The Segments Of The Global Coordinate Measuring Machine Market?
Key market segments include:
1) By Type: Fixed CMM, Portable CMM
2) By Application: Inspection, Reverse Engineering
3) By Industry: Automotive, Aerospace, Heavy Machinery, Energy and Power, Electronics, Medical, Other Industries
Which Region Leads The Coordinate Measuring Machine Market?
Asia-Pacific led the Coordinate Measuring Machine market in 2024 and is anticipated to remain a dominant player in the global landscape. The market extends to other regions including Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Coordinate Measuring Machine Market Global Market Report?
- Market Size Analysis: Analyze the Coordinate Measuring Machine Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Coordinate Measuring Machine Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate the contributions of different segments to the overall Coordinate Measuring Machine Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Coordinate Measuring Machine Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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