Dublin, July 24, 2023 (GLOBE NEWSWIRE) -- The "Global Metrology Services Market (2023-2028) by Product, Services, Application, and Geography, Competitive Analysis, Impact of Covid-19, Impact of Economic Slowdown & Impending Recession with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.
The Global Metrology Services Market is estimated to be USD 1035.52 Mn in 2023 and is expected to reach USD 2276.16 Mn by 2028, growing at a CAGR of 17%.
Competitive Quadrant
The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
Ansoff Analysis
The report presents a detailed Ansoff matrix analysis for the Global Metrology Services Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.
The analyst analyses the Global Metrology Services Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
Based on the SWOT analysis conducted on the industry and industry players, the analyst has devised suitable strategies for market growth.
Why buy this report?
- The report offers a comprehensive evaluation of the Global Metrology Services Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
- The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
- The report includes an in-depth market analysis using Porter's 5 forces model, PESTLE Analysis, and the Ansoff Matrix. In addition, the impact of COVID-19 and the impact of economic slowdown & impending recession on the market are also featured in the report.
- The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
- The report also contains a competitive analysis using Positioning Quadrants, the analyst's competitive positioning tool.
Report Highlights:
- A complete analysis of the market, including the parent industry
- Important market dynamics and trends
- Market segmentation
- Historical, current, and projected size of the market based on value and volume
- Market shares and strategies of key players
- Recommendations to companies for strengthening their foothold in the market
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 170 |
| Forecast Period | 2023 - 2028 |
| Estimated Market Value (USD) in 2023 | $1035.52 Million |
| Forecasted Market Value (USD) by 2028 | $2276.16 Million |
| Compound Annual Growth Rate | 17.0% |
| Regions Covered | Global |
Market Dynamics
Drivers
- Increasing demand from industrial and power generation applications
- Increasing adoption of CAD/CAM and international quality standards in metrology services
- Lack of applicability of existing measuring equipment
- Development of enhanced metrology services software packages
Restraints
- Intensification in design complexity
Opportunities
- Rising demand for finished goods coupled with technological advancements
- Development of outsourcing trend for dimensional checks in the medical sector
Challenges
- Lack of trained machine operators
- Safety and security concerns
Companies Mentioned
- 3D Systems, Inc.
- Automated Precision, Inc.
- Baker Hughes Co.
- Bruker Corp.
- Chotest Technology, Inc.
- Creaform
- CyberOptics Corp.
- FARO Technologies, Inc.
- GOM Metrology
- Hexagon AB
- Intertek Group PLC
- Jenoptik Ag
- Keyence Corp.
- KLA Corp.
- Mitutoyo Corp.
- Nikon Corp.
- Perceptron, Inc.
- Renishaw PLC
- SGS Group
- Trescal SA
- ZEISS International
Market Segmentation
The Global Metrology Services Market is segmented based on Product, Servcies, Application, and Geography.
- By Product, the market is classified into Coordinate Measuring Machines and Optical Digitizers & Scanners.
- By Services, the market is classified into 3D Measurement, Product Quality Optimization, Quality Control and Inspection, and Reverse Engineering.
- By Application, the market is classified into Aerospace and Defense, Automotive, Industrial, and Power Generation.
- By Geography, the market is classified into Americas, Europe, Middle East & Africa, and Asia-Pacific.
For more information about this report visit https://www.researchandmarkets.com/r/jv622o
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