Coordinate Measuring Machines (CMM) Global Market Report 2023: Off-Shoring of Manufacturing Activity Boosts Demand for CMM Market in Developing Countries


Dublin, March 09, 2023 (GLOBE NEWSWIRE) -- The "Coordinate Measuring Machines (CMM): Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

Global Coordinate Measuring Machines (CMM) Market to Reach $6.7 Billion by 2030

In the changed post COVID-19 business landscape, the global market for Coordinate Measuring Machines (CMM) estimated at US$2.9 Billion in the year 2022, is projected to reach a revised size of US$6.7 Billion by 2030, growing at a CAGR of 11% over the analysis period 2022-2030. Fixed, one of the segments analyzed in the report, is projected to record 10.4% CAGR and reach US$3.7 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Portable segment is readjusted to a revised 11.7% CAGR for the next 8-year period.

The U.S. Market is Estimated at $788 Million, While China is Forecast to Grow at 16.4% CAGR

The Coordinate Measuring Machines (CMM) market in the U.S. is estimated at US$788 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1.6 Billion by the year 2030 trailing a CAGR of 16.4% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.8% and 9.7% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 7% CAGR.

Select Competitors (Total 58 Featured) -

  • Aberlink Ltd.
  • Accurate Engineering Company Pvt., Ltd.
  • Accurate Sales and Services Pvt., Ltd.
  • Adcole Corporation
  • Advanced Measuring Systems (AMS)
  • Alwaid
  • ASF Metrology Srl
  • Attotech Co., Ltd.
  • Carl Zeiss Technika Kft.
  • CHE Metrology Limited

What`s New for 2023?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

Key Attributes:

Report AttributeDetails
No. of Pages281
Forecast Period2020 - 2027
Estimated Market Value (USD) in 2020$3 Billion
Forecasted Market Value (USD) by 2027$4.9 Billion
Compound Annual Growth Rate7.3%
Regions CoveredGlobal

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • A Prelude
  • Recent Market Activity
  • Future of Coordinate Measuring Machines (CMMs)
  • Portable CMMs Take Dimensional Measurement Activity from Quality Laboratories onto Production Floor
  • Quintessential Growth Factors for CMM Market
  • Higher Levels of Awareness among End-Users
  • Demand for High Accuracy Devices Drive the Market
  • Trend towards Miniaturization
  • Recovery in Global GDP and Outlook for Industrial & Manufacturing Production Promise Stronger Growth for Metrology Equipment and CMMs
  • Global Market Outlook
  • Coordinate Measuring Machines (CMM) - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Developing Countries Drive Future Market Growth
  • Off-Shoring of Manufacturing Activity Boosts Demand for CMM Market in Developing Countries
  • Automobile Sector Key to Automated CMMs Demand
  • Upward Trajectory in Automobiles Production Spurs Market Demand
  • Aerospace & Defense Sector Offers Growth Opportunities for CMM
  • Advent of Smaller Field-of-View Laser Sensors - A Boon to the Aircraft Industry
  • Heavy Equipment Industry Promises Bright Prospects
  • Growing Penetration of CMMs in the Medical Device Sector
  • Portable CMMs Continue to Rise in Demand
  • Articulated Arm Machines Market to Grow
  • Optical CMMs Gain Rapid Popularity
  • Macro CMMs Steal the Show
  • Expanding CMM Capabilities Drive Adoption
  • Software Upgrades and Probes Keep the Market Ticking
  • Automated CMMs: The New 'It' in Dimensional Metrology
  • Technology Advancements: Spearheading Growth
  • Technology Reduces Set-Up Time of Coordinate Measuring Machine
  • Optical CMM for Automatic Measurement of Small Cast Parts
  • Rise of Optical Scanners
  • Emergence of Multi-Axis Industrial Robot
  • Portable Articulated Arm
  • On-Machine Probing
  • Comparative Gauging
  • Comparative Gauging
  • Automated Metrology Software
  • Recent Metrology Software Advancements
  • CMM Verification Gains Prevalence
  • Market Challenges

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

A selection of companies mentioned in this report includes

  • Aberlink Ltd.
  • Accurate Engineering Company Pvt., Ltd.
  • Accurate Sales and Services Pvt., Ltd.
  • Adcole Corporation
  • Advanced Measuring Systems (AMS)
  • Alwaid
  • ASF Metrology Srl
  • Attotech Co., Ltd.
  • Carl Zeiss Technika Kft.
  • CHE Metrology Limited

For more information about this report visit https://www.researchandmarkets.com/r/dzguv8

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Global Market for Coordinate Measuring Machines (CMM)

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