Amid the COVID-19 crisis, the global market for Coordinate Measuring Machines (CMM) estimated at US$2.8 Billion in the year 2020, is projected to reach a revised size of US$4.1 Billion by 2027, growing at a CAGR of 5.3% over the analysis period 2020-2027. Bridge-Type Machine, one of the segments analyzed in the report, is projected to record a 5.5% CAGR and reach US$2.3 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Articulated-Arm Machine segment is readjusted to a revised 5.7% CAGR for the next 7-year period.
The U.S. Market is Estimated at $771 Million, While China is Forecast to Grow at 8.2% CAGR
The Coordinate Measuring Machines (CMM) market in the U.S. is estimated at US$771 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$852.2 Million by the year 2027 trailing a CAGR of 8.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.9% and 4.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.3% CAGR.
Horizontal-Arm Machine Segment to Record 5% CAGR
In the global Horizontal-Arm Machine segment, USA, Canada, Japan, China and Europe will drive the 4.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$340.5 Million in the year 2020 will reach a projected size of US$463.8 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$548 Million by the year 2027, while Latin America will expand at a 6% CAGR through the analysis period. We bring years of research experience to this 16th edition of our report. The 202-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others:
- Accurate Sales & Services Pvt. Ltd.
- Carl Zeiss Industrial Metrology LLC
- Chien Wei Precise Technology Co. Ltd.
- Dukin Co., Ltd.
- FARO Technologies, Inc.
- Helmel Engineering Products, Inc.
- Hexagon AB
- INSPECT 3D
- ITP Group
- Metrologic Group S.A
- Metronor AS
- Mitutoyo Corp.
- Nikon Metrology NV
- Renishaw plc.
- Sipcon Instrument Industries
- Tarus Products Inc.
- Trimek
The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
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
Global Competitor Market Shares
Coordinate Measuring Machines (CMM) Competitor Market Share Scenario Worldwide (in %):2020 & 2029
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
Accurate Sales & Services Pvt. Ltd. (India)
Carl Zeiss Industrial Metrology LLC (USA)
Chien Wei Precise Technology Co. Ltd. (Taiwan)
Dukin Co., Ltd. (South Korea)
FARO Technologies, Inc. (USA)
Helmel Engineering Products, Inc. (USA)
Hexagon AB (Sweden)
INSPECT 3D (France)
ITP Group (UK)
Metrologic Group S.A (France)
Metronor AS (Norway)
Mitutoyo Corporation (Japan)
Nikon Metrology NV (Belgium)
Renishaw plc. (UK)
Sipcon Instrument Industries (India)
Tarus Products Inc. (USA)
Trimek (Spain)
WENZEL Group (Germany)
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
TABLE 1: Coordinate Measuring Machines (CMM) Global Market Estimates and Forecasts in US$ Thousand by Region/Country: 2020-2027
TABLE 2: Coordinate Measuring Machines (CMM) Global Retrospective Market Scenario in US$ Thousand by Region/Country: 2012-2019
TABLE 3: Coordinate Measuring Machines (CMM) Market Share Shift across Key Geographies Worldwide: 2012 VS 2020 VS 2027
TABLE 4: Bridge-Type Machine (Type) World Market by Region/Country in US$ Thousand: 2020 to 2027
TABLE 5: Bridge-Type Machine (Type) Historic Market Analysis by Region/Country in US$ Thousand: 2012 to 2019
TABLE 6: Bridge-Type Machine (Type) Market Share Breakdown of Worldwide Sales by Region/Country: 2012 VS 2020 VS 2027
TABLE 7: Articulated-Arm Machine (Type) Potential Growth Markets Worldwide in US$ Thousand: 2020 to 2027
TABLE 8: Articulated-Arm Machine (Type) Historic Market Perspective by Region/Country in US$ Thousand: 2012 to 2019
TABLE 9: Articulated-Arm Machine (Type) Market Sales Breakdown by Region/Country in Percentage: 2012 VS 2020 VS 2027
TABLE 10: Horizontal-Arm Machine (Type) Geographic Market Spread Worldwide in US$ Thousand: 2020 to 2027
TABLE 11: Horizontal-Arm Machine (Type) Region Wise Breakdown of Global Historic Demand in US$ Thousand: 2012 to 2019
TABLE 12: Horizontal-Arm Machine (Type) Market Share Distribution in Percentage by Region/Country: 2012 VS 2020 VS 2027
TABLE 13: Gantry-Type Machine (Type) World Market Estimates and Forecasts by Region/Country in US$ Thousand: 2020 to 2027
TABLE 14: Gantry-Type Machine (Type) Market Historic Review by Region/Country in US$ Thousand: 2012 to 2019
TABLE 15: Gantry-Type Machine (Type) Market Share Breakdown by Region/Country: 2012 VS 2020 VS 2027
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
UNITED STATES
Market Facts & Figures
US Coordinate Measuring Machines (CMM) Market Share (in %) by Company: 2020 & 2025
Market Analytics
TABLE 16: United States Coordinate Measuring Machines (CMM) Market Estimates and Projections in US$ Thousand by Type: 2020 to 2027
TABLE 17: Coordinate Measuring Machines (CMM) Market in the United States by Type: A Historic Review in US$ Thousand for 2012-2019
TABLE 18: United States Coordinate Measuring Machines (CMM) Market Share Breakdown by Type: 2012 VS 2020 VS 2027
CANADA
TABLE 19: Canadian Coordinate Measuring Machines (CMM) Market Estimates and Forecasts in US$ Thousand by Type: 2020 to 2027
TABLE 20: Canadian Coordinate Measuring Machines (CMM) Historic Market Review by Type in US$ Thousand: 2012-2019
TABLE 21: Coordinate Measuring Machines (CMM) Market in Canada: Percentage Share Breakdown of Sales by Type for 2012, 2020, and 2027
JAPAN
TABLE 22: Japanese Market for Coordinate Measuring Machines (CMM): Annual Sales Estimates and Projections in US$ Thousand by Type for the Period 2020-2027
TABLE 23: Coordinate Measuring Machines (CMM) Market in Japan: Historic Sales Analysis in US$ Thousand by Type for the Period 2012-2019
TABLE 24: Japanese Coordinate Measuring Machines (CMM) Market Share Analysis by Type: 2012 VS 2020 VS 2027
CHINA
TABLE 25: Chinese Coordinate Measuring Machines (CMM) Market Growth Prospects in US$ Thousand by Type for the Period 2020-2027
TABLE 26: Coordinate Measuring Machines (CMM) Historic Market Analysis in China in US$ Thousand by Type: 2012-2019
TABLE 27: Chinese Coordinate Measuring Machines (CMM) Market by Type: Percentage Breakdown of Sales for 2012, 2020, and 2027
EUROPE
Market Facts & Figures
European Coordinate Measuring Machines (CMM) Market: Competitor Market Share Scenario (in %) for 2020 & 2025
Market Analytics
TABLE 28: European Coordinate Measuring Machines (CMM) Market Demand Scenario in US$ Thousand by Region/Country: 2020-2027
TABLE 29: Coordinate Measuring Machines (CMM) Market in Europe: A Historic Market Perspective in US$ Thousand by Region/Country for the Period 2012-2019
TABLE 30: European Coordinate Measuring Machines (CMM) Market Share Shift by Region/Country: 2012 VS 2020 VS 2027
TABLE 31: European Coordinate Measuring Machines (CMM) Market Estimates and Forecasts in US$ Thousand by Type: 2020-2027
TABLE 32: Coordinate Measuring Machines (CMM) Market in Europe in US$ Thousand by Type: A Historic Review for the Period 2012-2019
TABLE 33: European Coordinate Measuring Machines (CMM) Market Share Breakdown by Type: 2012 VS 2020 VS 2027
FRANCE
TABLE 34: Coordinate Measuring Machines (CMM) Market in France by Type: Estimates and Projections in US$ Thousand for the Period 2020-2027
TABLE 35: French Coordinate Measuring Machines (CMM) Historic Market Scenario in US$ Thousand by Type: 2012-2019
TABLE 36: French Coordinate Measuring Machines (CMM) Market Share Analysis by Type: 2012 VS 2020 VS 2027
GERMANY
TABLE 37: Coordinate Measuring Machines (CMM) Market in Germany: Recent Past, Current and Future Analysis in US$ Thousand by Type for the Period 2020-2027
TABLE 38: German Coordinate Measuring Machines (CMM) Historic Market Analysis in US$ Thousand by Type: 2012-2019
TABLE 39: German Coordinate Measuring Machines (CMM) Market Share Breakdown by Type: 2012 VS 2020 VS 2027
ITALY
TABLE 40: Italian Coordinate Measuring Machines (CMM) Market Growth Prospects in US$ Thousand by Type for the Period 2020-2027
TABLE 41: Coordinate Measuring Machines (CMM) Historic Market Analysis in Italy in US$ Thousand by Type: 2012-2019
TABLE 42: Italian Coordinate Measuring Machines (CMM) Market by Type: Percentage Breakdown of Sales for 2012, 2020, and 2027
UNITED KINGDOM
TABLE 43: United Kingdom Market for Coordinate Measuring Machines (CMM): Annual Sales Estimates and Projections in US$ Thousand by Type for the Period 2020-2027
TABLE 44: Coordinate Measuring Machines (CMM) Market in the United Kingdom: Historic Sales Analysis in US$ Thousand by Type for the Period 2012-2019
TABLE 45: United Kingdom Coordinate Measuring Machines (CMM) Market Share Analysis by Type: 2012 VS 2020 VS 2027
SPAIN
TABLE 46: Spanish Coordinate Measuring Machines (CMM) Market Estimates and Forecasts in US$ Thousand by Type: 2020 to 2027
TABLE 47: Spanish Coordinate Measuring Machines (CMM) Historic Market Review by Type in US$ Thousand: 2012-2019
TABLE 48: Coordinate Measuring Machines (CMM) Market in Spain: Percentage Share Breakdown of Sales by Type for 2012, 2020, and 2027
RUSSIA
TABLE 49: Russian Coordinate Measuring Machines (CMM) Market Estimates and Projections in US$ Thousand by Type: 2020 to 2027
TABLE 50: Coordinate Measuring Machines (CMM) Market in Russia by Type: A Historic Review in US$ Thousand for 2012-2019
TABLE 51: Russian Coordinate Measuring Machines (CMM) Market Share Breakdown by Type: 2012 VS 2020 VS 2027
REST OF EUROPE
TABLE 52: Rest of Europe Coordinate Measuring Machines (CMM) Market Estimates and Forecasts in US$ Thousand by Type: 2020-2027
TABLE 53: Coordinate Measuring Machines (CMM) Market in Rest of Europe in US$ Thousand by Type: A Historic Review for the Period 2012-2019
TABLE 54: Rest of Europe Coordinate Measuring Machines (CMM) Market Share Breakdown by Type: 2012 VS 2020 VS 2027
ASIA-PACIFIC
TABLE 55: Asia-Pacific Coordinate Measuring Machines (CMM) Market Estimates and Forecasts in US$ Thousand by Region/Country: 2020-2027
TABLE 56: Coordinate Measuring Machines (CMM) Market in Asia-Pacific: Historic Market Analysis in US$ Thousand by Region/Country for the Period 2012-2019
TABLE 57: Asia-Pacific Coordinate Measuring Machines (CMM) Market Share Analysis by Region/Country: 2012 VS 2020 VS 2027
TABLE 58: Coordinate Measuring Machines (CMM) Market in Asia-Pacific by Type: Estimates and Projections in US$ Thousand for the Period 2020-2027
TABLE 59: Asia-Pacific Coordinate Measuring Machines (CMM) Historic Market Scenario in US$ Thousand by Type: 2012-2019
TABLE 60: Asia-Pacific Coordinate Measuring Machines (CMM) Market Share Analysis by Type: 2012 VS 2020 VS 2027
AUSTRALIA
TABLE 61: Coordinate Measuring Machines (CMM) Market in Australia: Recent Past, Current and Future Analysis in US$ Thousand by Type for the Period 2020-2027
TABLE 62: Australian Coordinate Measuring Machines (CMM) Historic Market Analysis in US$ Thousand by Type: 2012-2019
TABLE 63: Australian Coordinate Measuring Machines (CMM) Market Share Breakdown by Type: 2012 VS 2020 VS 2027
INDIA
TABLE 64: Indian Coordinate Measuring Machines (CMM) Market Estimates and Forecasts in US$ Thousand by Type: 2020 to 2027
TABLE 65: Indian Coordinate Measuring Machines (CMM) Historic Market Review by Type in US$ Thousand: 2012-2019
TABLE 66: Coordinate Measuring Machines (CMM) Market in India: Percentage Share Breakdown of Sales by Type for 2012, 2020, and 2027
SOUTH KOREA
TABLE 67: Coordinate Measuring Machines (CMM) Market in South Korea: Recent Past, Current and Future Analysis in US$ Thousand by Type for the Period 2020-2027
TABLE 68: South Korean Coordinate Measuring Machines (CMM) Historic Market Analysis in US$ Thousand by Type: 2012-2019
TABLE 69: Coordinate Measuring Machines (CMM) Market Share Distribution in South Korea by Type: 2012 VS 2020 VS 2027
REST OF ASIA-PACIFIC
TABLE 70: Rest of Asia-Pacific Market for Coordinate Measuring Machines (CMM): Annual Sales Estimates and Projections in US$ Thousand by Type for the Period 2020-2027
TABLE 71: Coordinate Measuring Machines (CMM) Market in Rest of Asia-Pacific: Historic Sales Analysis in US$ Thousand by Type for the Period 2012-2019
TABLE 72: Rest of Asia-Pacific Coordinate Measuring Machines (CMM) Market Share Analysis by Type: 2012 VS 2020 VS 2027
LATIN AMERICA
TABLE 73: Latin American Coordinate Measuring Machines (CMM) Market Trends by Region/Country in US$ Thousand: 2020-2027
TABLE 74: Coordinate Measuring Machines (CMM) Market in Latin America in US$ Thousand by Region/Country: A Historic Perspective for the Period 2012-2019
TABLE 75: Latin American Coordinate Measuring Machines (CMM) Market Percentage Breakdown of Sales by Region/Country: 2012, 2020, and 2027
TABLE 76: Latin American Coordinate Measuring Machines (CMM) Market Growth Prospects in US$ Thousand by Type for the Period 2020-2027
TABLE 77: Coordinate Measuring Machines (CMM) Historic Market Analysis in Latin America in US$ Thousand by Type: 2012-2019
TABLE 78: Latin American Coordinate Measuring Machines (CMM) Market by Type: Percentage Breakdown of Sales for 2012, 2020, and 2027
ARGENTINA
TABLE 79: Argentinean Coordinate Measuring Machines (CMM) Market Estimates and Forecasts in US$ Thousand by Type: 2020-2027
TABLE 80: Coordinate Measuring Machines (CMM) Market in Argentina in US$ Thousand by Type: A Historic Review for the Period 2012-2019
TABLE 81: Argentinean Coordinate Measuring Machines (CMM) Market Share Breakdown by Type: 2012 VS 2020 VS 2027
BRAZIL
TABLE 82: Coordinate Measuring Machines (CMM) Market in Brazil by Type: Estimates and Projections in US$ Thousand for the Period 2020-2027
TABLE 83: Brazilian Coordinate Measuring Machines (CMM) Historic Market Scenario in US$ Thousand by Type: 2012-2019
TABLE 84: Brazilian Coordinate Measuring Machines (CMM) Market Share Analysis by Type: 2012 VS 2020 VS 2027
MEXICO
TABLE 85: Coordinate Measuring Machines (CMM) Market in Mexico: Recent Past, Current and Future Analysis in US$ Thousand by Type for the Period 2020-2027
TABLE 86: Mexican Coordinate Measuring Machines (CMM) Historic Market Analysis in US$ Thousand by Type: 2012-2019
TABLE 87: Mexican Coordinate Measuring Machines (CMM) Market Share Breakdown by Type: 2012 VS 2020 VS 2027
REST OF LATIN AMERICA
TABLE 88: Rest of Latin America Coordinate Measuring Machines (CMM) Market Estimates and Projections in US$ Thousand by Type: 2020 to 2027
TABLE 89: Coordinate Measuring Machines (CMM) Market in Rest of Latin America by Type: A Historic Review in US$ Thousand for 2012-2019
TABLE 90: Rest of Latin America Coordinate Measuring Machines (CMM) Market Share Breakdown by Type: 2012 VS 2020 VS 2027
MIDDLE EAST
TABLE 91: The Middle East Coordinate Measuring Machines (CMM) Market Estimates and Forecasts in US$ Thousand by Region/Country: 2020-2027
TABLE 92: Coordinate Measuring Machines (CMM) Market in the Middle East by Region/Country in US$ Thousand: 2012-2019
TABLE 93: The Middle East Coordinate Measuring Machines (CMM) Market Share Breakdown by Region/Country: 2012, 2020, and 2027
TABLE 94: The Middle East Coordinate Measuring Machines (CMM) Market Estimates and Forecasts in US$ Thousand by Type: 2020 to 2027
TABLE 95: The Middle East Coordinate Measuring Machines (CMM) Historic Market by Type in US$ Thousand: 2012-2019
TABLE 96: Coordinate Measuring Machines (CMM) Market in the Middle East: Percentage Share Breakdown of Sales by Type for 2012,2020, and 2027
IRAN
TABLE 97: Iranian Market for Coordinate Measuring Machines (CMM): Annual Sales Estimates and Projections in US$ Thousand by Type for the Period 2020-2027
TABLE 98: Coordinate Measuring Machines (CMM) Market in Iran: Historic Sales Analysis in US$ Thousand by Type for the Period 2012-2019
TABLE 99: Iranian Coordinate Measuring Machines (CMM) Market Share Analysis by Type: 2012 VS 2020 VS 2027
ISRAEL
TABLE 100: Israeli Coordinate Measuring Machines (CMM) Market Estimates and Forecasts in US$ Thousand by Type: 2020-2027
TABLE 101: Coordinate Measuring Machines (CMM) Market in Israel in US$ Thousand by Type: A Historic Review for the Period 2012-2019
TABLE 102: Israeli Coordinate Measuring Machines (CMM) Market Share Breakdown by Type: 2012 VS 2020 VS 2027
SAUDI ARABIA
TABLE 103: Saudi Arabian Coordinate Measuring Machines (CMM) Market Growth Prospects in US$ Thousand by Type for the Period 2020-2027
TABLE 104: Coordinate Measuring Machines (CMM) Historic Market Analysis in Saudi Arabia in US$ Thousand by Type: 2012-2019
TABLE 105: Saudi Arabian Coordinate Measuring Machines (CMM) Market by Type: Percentage Breakdown of Sales for 2012, 2020, and 2027
UNITED ARAB EMIRATES
TABLE 106: Coordinate Measuring Machines (CMM) Market in the United Arab Emirates: Recent Past, Current and Future Analysis in US$ Thousand by Type for the Period 2020-2027
TABLE 107: United Arab Emirates Coordinate Measuring Machines (CMM) Historic Market Analysis in US$ Thousand by Type: 2012-2019
TABLE 108: Coordinate Measuring Machines (CMM) Market Share Distribution in United Arab Emirates by Type: 2012 VS 2020 VS 2027
REST OF MIDDLE EAST
TABLE 109: Coordinate Measuring Machines (CMM) Market in Rest of Middle East: Recent Past, Current and Future Analysis in US$ Thousand by Type for the Period 2020-2027
TABLE 110: Rest of Middle East Coordinate Measuring Machines (CMM) Historic Market Analysis in US$ Thousand by Type: 2012-2019
TABLE 111: Rest of Middle East Coordinate Measuring Machines (CMM) Market Share Breakdown by Type: 2012 VS 2020 VS 2027
AFRICA
TABLE 112: African Coordinate Measuring Machines (CMM) Market Estimates and Projections in US$ Thousand by Type: 2020 to 2027
TABLE 113: Coordinate Measuring Machines (CMM) Market in Africa by Type: A Historic Review in US$ Thousand for 2012-2019
TABLE 114: African Coordinate Measuring Machines (CMM) Market Share Breakdown by Type: 2012 VS 2020 VS 2027
IV. COMPETITION
Total Companies Profiled: 58
