The global market for Coordinate Measuring Machines (CMM) is estimated at US$3.8 Billion in 2023 and is projected to reach US$6.7 Billion by 2030, growing at a CAGR of 8.4% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the coordinate measuring machines market is driven by several factors. Firstly, the increasing complexity and precision requirements in industries such as aerospace and automotive have significantly spurred demand for advanced CMMs. These industries require highly accurate measurements to ensure the safety, performance, and reliability of their products. Secondly, the trend towards automation and digitalization in manufacturing processes is driving the adoption of CMMs. Automated CMMs reduce the need for manual inspection, thereby increasing throughput and consistency in quality control. Thirdly, the rising emphasis on quality assurance and regulatory compliance across various sectors enhances the demand for precise and reliable measurement solutions. Companies are increasingly required to adhere to strict quality standards and documentation practices, which CMMs help facilitate. Moreover, the development of portable and flexible CMM solutions has expanded their application, particularly in field inspections and maintenance operations. These portable CMMs allow for on-site measurements, which are essential for large-scale structures or components that cannot be easily transported. Finally, ongoing technological advancements, including the integration of non-contact measurement techniques and sophisticated software solutions, continue to propel the market forward. These innovations address the evolving needs of end-users, providing more accurate, efficient, and user-friendly measurement capabilities.
The growth in the coordinate measuring machines market is driven by several factors. Firstly, the increasing complexity and precision requirements in industries such as aerospace and automotive have significantly spurred demand for advanced CMMs. These industries require highly accurate measurements to ensure the safety, performance, and reliability of their products. Secondly, the trend towards automation and digitalization in manufacturing processes is driving the adoption of CMMs. Automated CMMs reduce the need for manual inspection, thereby increasing throughput and consistency in quality control. Thirdly, the rising emphasis on quality assurance and regulatory compliance across various sectors enhances the demand for precise and reliable measurement solutions. Companies are increasingly required to adhere to strict quality standards and documentation practices, which CMMs help facilitate. Moreover, the development of portable and flexible CMM solutions has expanded their application, particularly in field inspections and maintenance operations. These portable CMMs allow for on-site measurements, which are essential for large-scale structures or components that cannot be easily transported. Finally, ongoing technological advancements, including the integration of non-contact measurement techniques and sophisticated software solutions, continue to propel the market forward. These innovations address the evolving needs of end-users, providing more accurate, efficient, and user-friendly measurement capabilities.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Fixed CMM segment, which is expected to reach US$3.7 Billion by 2030 with a CAGR of a 8.0%. The Portable CMM segment is also set to grow at 9.0% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $992.5 Million in 2023, and China, forecasted to grow at an impressive 12.2% CAGR to reach $1.6 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Coordinate Measuring Machines (CMM) Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Coordinate Measuring Machines (CMM) Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Coordinate Measuring Machines (CMM) Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Aberlink Ltd., Accurate Engineering Company Pvt., Ltd., Accurate Sales and Services Pvt., Ltd., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
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
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISCANADAITALYSPAINRUSSIAREST OF EUROPESOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
UNITED KINGDOM
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- 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
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 281 |
| Published | July 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 3.8 Billion |
| Forecasted Market Value ( USD | $ 6.7 Billion |
| Compound Annual Growth Rate | 8.4% |
| Regions Covered | Global |
