Major players in the coordinate measuring machine market are 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., Perceptron Health Inc., WENZEL Group GmbH & Co. KG, Aberlink Ltd., Accurate Gauging & Instruments Pvt Ltd., and Dukin Co. Ltd.
The global coordinate measuring machine market grew from $3.12 billion in 2022 to $3.44 billion in 2023 at a compound annual growth rate (CAGR) of 10.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, causing inflation across goods and services and affecting many markets across the globe. The coordinate measuring machine market is expected to grow to $4.74 billion in 2027 at a CAGR of 8.3%.
The coordinate measuring machine market consists of sales of measuring machines bridge equipment, cantilevers, gantry, and horizontal arms. Values in this market are ‘factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The coordinate measuring machine are used to measure the dimensions of machine and tool parts. A coordinate measuring machine (CMM) is an instrument that measures the geometry of real objects. It is commonly used to test a part or assembly to see if it adheres to the original design intent. The dimensions of manufactured components are checked using CMMs as part of workflows for quality assurance or quality control in order to prevent or address quality issues. The application of CMM over manual inspections or checks carried out with traditional metrology tools offers advantages in accuracy, rapidity, and a decreased risk of human mistakes.
Asia-Pacific was the largest region in the coordinate measuring machine market in 2022. The regions covered in the coordinate measuring machine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main types of coordinate measuring machines are fixed CMM and portable CMM. The fixed CMM is a CMM in a temperature-controlled environment. When we transfer a part to be inspected, we must wait for it to stabilize before taking measurements. A fixed CMM is used to write an inspection routine for each and every part, or the CMM probe must be manually driven around with a joystick to take measurements. The different applications include inspection and reverse engineering, and involve several industries such as machines, automotive, aerospace, heavy machinery, energy, power, electronics, medical, and others.
The expansion of the automotive sector is expected to propel the growth of the coordinate measuring machines market during the forecast period. The automotive industry refers to all businesses and endeavors concerned with the production of motor vehicles, including the majority of their parts, such as bodywork and engines. CMMs are used in the automotive industry to measure suspension hard points for use in vehicle dynamics simulations. For instance, according to the India Brand Equity Foundation, an Indian government export promotion agency, the total number of passenger vehicles, three-wheelers, two-wheelers, and quadricycles produced in January 2022 was 1,860,809 units. Also in 2023, the Indian government projects that the automotive sector will bring in $ 8-10 billion in domestic and foreign investment. Also, according to Crunchbase, a US-based prospecting platform for dealmakers, in 2020, Tesla, a US-based automotive and clean energy company, raised a total of $ 20.2 billion in funding over 35 rounds. Therefore, the expansion of the automotive sector will propel the growth of the coordinate measuring machine market.
The emergence of 3D measurement systems is a key trend gaining popularity in the coordinate measuring machine market. 3D measurement is a metrology process that collects 3D data from physical objects, such as their shapes, textures, geometries, and colors, using various types of 3D measurement tools, such as 3D scanners. For instance, in October 2022, SCANTECH, a France-based high-tech company that develops, manufactures, and sells high-tech 3D scanners, launched the TrackScan-P, an optical target-free 3D measurement system. The TrackScan-P has increased laser lines for enhanced scanning efficiency, upgraded high-resolution cameras, and advanced edge inspection. Using intelligent optical tracking measurement and high-resolution cameras, TrackScan-P can precisely measure parts without the use of reference targets. The optical 3D measurement system, which includes a portable 3D scanner and an optical tracker, is ideal for scanning large objects in 3D.
In March 2021, AIMS Metrology, a US-based manufacturer of coordinate measuring machines (CMM), acquired Measurement Specialties Inc. for an undisclosed amount. The acquisition expands AIMS Metrology's control quality and delivery timeframes for components it produces for its Revolution Series 5-axis CMMs. In addition, this acquisition will expand AIMS' service footprint. Measurement Specialties, Inc. is a US-based provider of electronic measurement devices and coordinate measuring machines.
The countries covered in the coordinate measuring machine market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The coordinate measuring machines market research report is one of a series of new reports from the publisher that provides coordinate measuring machines market statistics, including global market size, regional shares, competitors with coordinate measuring machines market share, detailed coordinate measuring machines market segments, market trends and opportunities, and any further data you may need to thrive in the coordinate measuring machines industry. This anomaly detection market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
This product will be delivered within 3-5 business days.
The global coordinate measuring machine market grew from $3.12 billion in 2022 to $3.44 billion in 2023 at a compound annual growth rate (CAGR) of 10.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, causing inflation across goods and services and affecting many markets across the globe. The coordinate measuring machine market is expected to grow to $4.74 billion in 2027 at a CAGR of 8.3%.
The coordinate measuring machine market consists of sales of measuring machines bridge equipment, cantilevers, gantry, and horizontal arms. Values in this market are ‘factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The coordinate measuring machine are used to measure the dimensions of machine and tool parts. A coordinate measuring machine (CMM) is an instrument that measures the geometry of real objects. It is commonly used to test a part or assembly to see if it adheres to the original design intent. The dimensions of manufactured components are checked using CMMs as part of workflows for quality assurance or quality control in order to prevent or address quality issues. The application of CMM over manual inspections or checks carried out with traditional metrology tools offers advantages in accuracy, rapidity, and a decreased risk of human mistakes.
Asia-Pacific was the largest region in the coordinate measuring machine market in 2022. The regions covered in the coordinate measuring machine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main types of coordinate measuring machines are fixed CMM and portable CMM. The fixed CMM is a CMM in a temperature-controlled environment. When we transfer a part to be inspected, we must wait for it to stabilize before taking measurements. A fixed CMM is used to write an inspection routine for each and every part, or the CMM probe must be manually driven around with a joystick to take measurements. The different applications include inspection and reverse engineering, and involve several industries such as machines, automotive, aerospace, heavy machinery, energy, power, electronics, medical, and others.
The expansion of the automotive sector is expected to propel the growth of the coordinate measuring machines market during the forecast period. The automotive industry refers to all businesses and endeavors concerned with the production of motor vehicles, including the majority of their parts, such as bodywork and engines. CMMs are used in the automotive industry to measure suspension hard points for use in vehicle dynamics simulations. For instance, according to the India Brand Equity Foundation, an Indian government export promotion agency, the total number of passenger vehicles, three-wheelers, two-wheelers, and quadricycles produced in January 2022 was 1,860,809 units. Also in 2023, the Indian government projects that the automotive sector will bring in $ 8-10 billion in domestic and foreign investment. Also, according to Crunchbase, a US-based prospecting platform for dealmakers, in 2020, Tesla, a US-based automotive and clean energy company, raised a total of $ 20.2 billion in funding over 35 rounds. Therefore, the expansion of the automotive sector will propel the growth of the coordinate measuring machine market.
The emergence of 3D measurement systems is a key trend gaining popularity in the coordinate measuring machine market. 3D measurement is a metrology process that collects 3D data from physical objects, such as their shapes, textures, geometries, and colors, using various types of 3D measurement tools, such as 3D scanners. For instance, in October 2022, SCANTECH, a France-based high-tech company that develops, manufactures, and sells high-tech 3D scanners, launched the TrackScan-P, an optical target-free 3D measurement system. The TrackScan-P has increased laser lines for enhanced scanning efficiency, upgraded high-resolution cameras, and advanced edge inspection. Using intelligent optical tracking measurement and high-resolution cameras, TrackScan-P can precisely measure parts without the use of reference targets. The optical 3D measurement system, which includes a portable 3D scanner and an optical tracker, is ideal for scanning large objects in 3D.
In March 2021, AIMS Metrology, a US-based manufacturer of coordinate measuring machines (CMM), acquired Measurement Specialties Inc. for an undisclosed amount. The acquisition expands AIMS Metrology's control quality and delivery timeframes for components it produces for its Revolution Series 5-axis CMMs. In addition, this acquisition will expand AIMS' service footprint. Measurement Specialties, Inc. is a US-based provider of electronic measurement devices and coordinate measuring machines.
The countries covered in the coordinate measuring machine market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The coordinate measuring machines market research report is one of a series of new reports from the publisher that provides coordinate measuring machines market statistics, including global market size, regional shares, competitors with coordinate measuring machines market share, detailed coordinate measuring machines market segments, market trends and opportunities, and any further data you may need to thrive in the coordinate measuring machines industry. This anomaly detection market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Coordinate Measuring Machine Market Characteristics
3. Coordinate Measuring Machine Market Trends And Strategies
4. Coordinate Measuring Machine Market - Macro Economic Scenario
4.1. COVID-19 Impact On Coordinate Measuring Machine Market
4.2. Ukraine-Russia War Impact On Coordinate Measuring Machine Market
4.3. Impact Of High Inflation On Coordinate Measuring Machine Market
5. Coordinate Measuring Machine Market Size And Growth
5.1. Global Coordinate Measuring Machine Historic Market, 2017-2022, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Coordinate Measuring Machine Forecast Market, 2022-2027F, 2032F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Coordinate Measuring Machine Market Segmentation
6.1. Global Coordinate Measuring Machine Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Fixed CMM
- Portable CMM
- Inspection
- Reverse Engineering
- Automotive
- Aerospace
- Heavy Machinery
- Energy and Power
- Electronics
- Medical
- Other Industries
7.1. Global Coordinate Measuring Machine Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
7.2. Global Coordinate Measuring Machine Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8. Asia-Pacific Coordinate Measuring Machine Market
8.1. Asia-Pacific Coordinate Measuring Machine Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.3. Asia-Pacific Coordinate Measuring Machine Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
9. China Coordinate Measuring Machine Market
9.1. China Coordinate Measuring Machine Market Overview
9.2. China Coordinate Measuring Machine Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
9.3. China Coordinate Measuring Machine Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10. India Coordinate Measuring Machine Market
10.1. India Coordinate Measuring Machine Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
10.2. India Coordinate Measuring Machine Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11. Japan Coordinate Measuring Machine Market
11.1. Japan Coordinate Measuring Machine Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11.2. Japan Coordinate Measuring Machine Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Australia Coordinate Measuring Machine Market
12.1. Australia Coordinate Measuring Machine Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12.2. Australia Coordinate Measuring Machine Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Indonesia Coordinate Measuring Machine Market
13.1. Indonesia Coordinate Measuring Machine Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13.2. Indonesia Coordinate Measuring Machine Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. South Korea Coordinate Measuring Machine Market
14.1. South Korea Coordinate Measuring Machine Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14.2. South Korea Coordinate Measuring Machine Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15. Western Europe Coordinate Measuring Machine Market
15.1. Western Europe Coordinate Measuring Machine Market Overview
15.2. Western Europe Coordinate Measuring Machine Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15.3. Western Europe Coordinate Measuring Machine Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. UK Coordinate Measuring Machine Market
16.1. UK Coordinate Measuring Machine Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16.2. UK Coordinate Measuring Machine Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. Germany Coordinate Measuring Machine Market
17.1. Germany Coordinate Measuring Machine Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17.2. Germany Coordinate Measuring Machine Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. France Coordinate Measuring Machine Market
18.1. France Coordinate Measuring Machine Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18.2. France Coordinate Measuring Machine Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. Eastern Europe Coordinate Measuring Machine Market
19.1. Eastern Europe Coordinate Measuring Machine Market Overview
19.2. Eastern Europe Coordinate Measuring Machine Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19.3. Eastern Europe Coordinate Measuring Machine Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Russia Coordinate Measuring Machine Market
20.1. Russia Coordinate Measuring Machine Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20.2. Russia Coordinate Measuring Machine Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. North America Coordinate Measuring Machine Market
21.1. North America Coordinate Measuring Machine Market Overview
21.2. North America Coordinate Measuring Machine Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21.3. North America Coordinate Measuring Machine Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. USA Coordinate Measuring Machine Market
22.1. USA Coordinate Measuring Machine Market Overview
22.2. USA Coordinate Measuring Machine Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22.3. USA Coordinate Measuring Machine Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. South America Coordinate Measuring Machine Market
23.1. South America Coordinate Measuring Machine Market Overview
23.2. South America Coordinate Measuring Machine Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23.3. South America Coordinate Measuring Machine Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. Brazil Coordinate Measuring Machine Market
24.1. Brazil Coordinate Measuring Machine Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24.2. Brazil Coordinate Measuring Machine Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Middle East Coordinate Measuring Machine Market
25.1. Middle East Coordinate Measuring Machine Market Overview
25.2. Middle East Coordinate Measuring Machine Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25.3. Middle East Coordinate Measuring Machine Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. Africa Coordinate Measuring Machine Market
26.1. Africa Coordinate Measuring Machine Market Overview
26.2. Africa Coordinate Measuring Machine Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26.3. Africa Coordinate Measuring Machine Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. Coordinate Measuring Machine Market Competitive Landscape And Company Profiles
27.1. Coordinate Measuring Machine Market Competitive Landscape
27.2. Coordinate Measuring Machine Market Company Profiles
27.2.1. Carl Zeiss AG
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. Creaform Inc
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. Eley Metrology
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. FARO Technologies Inc.
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. Hexagon AB
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Coordinate Measuring Machine Market
29. Coordinate Measuring Machine Market Future Outlook and Potential Analysis
30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Historic And Forecast Inflation Rates
30.4. Research Inquiries
30.5. The Business Research Company
30.6. Copyright And Disclaimer
Executive Summary
Coordinate Measuring Machine Global Market Report 2023 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on coordinate measuring machine market market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
- Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
Description:
Where is the largest and fastest growing market for coordinate measuring machine market? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The coordinate measuring machine market market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Scope
Markets Covered:
1) By Type: Fixed CMM; Portable CMM2) By Application: Inspection; Reverse Engineering
3) By Industry: Automotive; Aerospace; Heavy Machinery; Energy and Power; Electronics; Medical; Other Industries
Companies Mentioned: Carl Zeiss AG; Creaform Inc; Eley Metrology; FARO Technologies Inc.; Hexagon AB
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- 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.
- Perceptron Health Inc.
- WENZEL Group GmbH & Co. KG
- Aberlink Ltd
- Accurate Gauging & Instruments Pvt Ltd
- Dukin Co. Ltd.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 200 |
| Published | March 2023 |
| Forecast Period | 2023 - 2027 |
| Estimated Market Value ( USD | $ 3.44 billion |
| Forecasted Market Value ( USD | $ 4.74 billion |
| Compound Annual Growth Rate | 8.3% |
| Regions Covered | Global |
