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World Measurement Gages Markets
Frost & Sullivan, Jan 2006
Providing Customising Solutions Likely to Soften the Impact of Price Pressures felt by Measurement Gage Manufacturers
The lack of recent technological advancements combined with heavy capital expenditure (CAPEX) poses a daunting challenge to the world measurement gages industry. As a result, manufacturers are facing mounting pressure as end users try to limit their CAPEX spending. With an increase in globalisation, there is a shift in focus towards eastern European countries as well as a few Asian ones, including China and India. As the price performance ratio and value-added services gain importance, customised solutions are being preferred. Understanding the degree of sophistication required by customers as well as the price they are willing to pay for upgraded systems is expected to aid manufacturers in gaining a firm hold in the measurement gages market.
This Frost & Sullivan research service provides insights into the world measurement gages market. It analyses the different product segments of the market and provides strategic recommendations to counter industry challenges. The study also includes market drivers and restraints as well as revenue forecasts for each product segment by end user and geographic region and a discussion on the market’s competitive structure.
Rapid Development in Asia Pacific Leads to Increased Demand for Measurement Gages
Due to globalisation, there is a shift towards Asian and east European markets for cost optimisation and China is one the largest producer as well as consumer associated with gages, says the analyst of this study. There is a trend among market participants of setting up new branch offices in China and India to showcase their global presence and dominance.
Most countries in Asia are witnessing growth in terms of construction and infrastructure expansion. This is leading to a heightened need for measurement gages, thus driving demand. In addition, the automotive industry is developing, which is in turn increasing the demand for measurement gages used by this industry.
Increased Measurements Needs Drives Demand for Gages
The growth of the automotive industry in turn creates demand for critical measurements from the aerospace and defence as well as metal industries. End users prefer tighter tolerances coupled with custom specifications, thus increasing the need for gages. Due to the lack of technological advancement, end users are retaining their old machines with regular calibrations. Understanding the specific needs of end users and discovering new application needs with the available technology are likely to bode well for manufacturers of measurement gages.
China and India, being the two most populated countries in the world, offer immense growth opportunities in the automotive, telecommunication and electronic industries, notes the analyst. As these industries develop, their dependency on measurement gages to deliver value to their customers is in turn likely to increase, thus buoying the measurement gages market.
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