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Calibration Services Global Market Report 2024

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    Report

  • 175 Pages
  • February 2024
  • Region: Global
  • The Business Research Company
  • ID: 5785499

Quick Summary:

The calibration services sector plays a critical role in ensuring the accuracy, repeatability, and performance of equipment and instruments across a variety of industries, from electronics manufacturing to aerospace and defense. As we progressively lean into a digital era swarming with technological advancements, the need for precise, reliable measurements in testing applications has never been more painstaking.

Our comprehensive market research report provides an extensive analysis on the calibration services industry, offering insights into its growth potential, key players, and trends shaping the market. With a broad spectrum of calibration types covered, this report will equip you with a holistic understanding of the industry. Beyond just numbers, this resource offers strategic intelligence that will help you to stay atop in the rapidly evolving calibration services market.

The calibration services industry is undergoing significant advancements, with market players increasingly focusing on innovative solutions for offering quality services. An in-depth understanding of these dynamics is crucial in shaping future strategies in this competitive landscape. Having such actionable intelligence at your fingertips will empower you to seize opportunities timely and accelerate your business growth.

The report also details recent mergers and acquisitions that influence the market landscape. It provides a glimpse into industry leaders' strategies in different regions and their market position, giving you a competitive edge in understanding not just the present but also future market scenarios. Regardless of your association with the calibration services industry, this report will offer you a significant advantage in decision-making, planning, or understanding this vital industry.

In conclusion, our calibration services market report serves as a key tool for discerning market trends, growth strategies, and industry practices. To stay ahead in this dynamic market, your acquisition of our comprehensive report offers an astute investment into your business's future.

The calibration services market size has grown strongly in recent years. It will grow from $6.33 billion in 2023 to $6.82 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. Historical growth was driven by several factors, including the need for environmental monitoring and control, increased demand from the aviation and aerospace industries, advancements in scientific research and development, the growth and evolution of the healthcare sector, and expansions within manufacturing sectors.

The calibration services market size is expected to see strong growth in the next few years. It will grow to $9.18 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%. Anticipated growth in the upcoming period can be linked to the swift digital transformation in manufacturing, the expansion of aerospace and defense industries, the emergence of smart cities and infrastructure projects, the growth of the renewable energy sector, and the rising demand within the healthcare and medical devices industries. Major trends expected in this forecast period encompass remote and on-demand calibration services, the integration of automation and robotics in calibration processes, the utilization of data analytics for predictive maintenance, the implementation of augmented reality (AR) and virtual reality (VR) calibration solutions, and the integration of calibration management software.

The calibration services market is poised for substantial growth, primarily propelled by the swift pace of industrialization. This acceleration in industrialization is fueled by various factors including the creation of job opportunities, a push for education, training, research initiatives, and overall industrial expansion. This surge results in heightened activities within industries and manufacturing sectors, leading to an increased output of products that necessitate rigorous testing and verification for their intended functionalities. The demand for calibration services skyrockets as these products and materials require precise testing to ensure accuracy and optimal performance before being deployed for their intended purposes. For instance, data from the United Nations Industrial Development Organization (UNIDO) in 2022 revealed a 4.2% year-on-year growth in global manufacturing production, while industrial economies exhibited a parallel annual output growth of 4.1%. Subsequent quarters witnessed a consistent rise, with increments of 3.6% and 6.1% respectively, signifying sustained industrial expansion. Correspondingly, YCharts reported a 3.68% year-on-year growth in US industrial production for 2022, surpassing the long-term average of 3.58%. This rapid industrialization trajectory is poised to be a key driver fueling the expansion of the calibration services market.

The escalating demand for quality and inspection equipment is poised to be a significant driver in propelling the growth trajectory of the calibration services market. These specialized tools and devices serve the crucial function of evaluating and verifying products or processes against predefined standards, ensuring their alignment with specific quality benchmarks through rigorous examination and precise measurements. Within calibration services, these quality and inspection devices play a pivotal role in guaranteeing the accuracy and precision of the equipment undergoing calibration. Utilizing measuring instruments such as calipers, gauges, and hardness testers is integral in the calibration process, ensuring the equipment meets required tolerances and adheres to specified standards. For instance, as of May 2022, the U.S. Bureau of Labor Statistics reported a median annual wage of $43,900 for quality control inspectors, projecting a 4% increase in employment from 2022 to 2032. This surge in demand for quality and inspection equipment, indispensable in guaranteeing product integrity and compliance, is expected to be a driving force in fostering the growth of the calibration services market.

The calibration services market is witnessing a significant trend centered around the adoption of innovative products, a move crucial for service providers to enhance the effectiveness and efficiency of their calibration services. Embracing advanced calibration machine solutions has become a priority, aiming to deliver heightened accuracy and repeatability in services offered to clientele. This strategic focus on providing superior calibration services equips market participants to assert their leadership position and gain a competitive edge. Renishaw PLC, for instance, a UK-based specialist in coordinate-measuring machines and machine tool products, unveiled a groundbreaking CNC probe calibration machine in July 2022. This innovation, featuring the ACS-1 (Advanced Calibration Sphere), revolutionizes CNC machine tool probe calibration by significantly enhancing accuracy and repeatability. The ACS-1 leverages a magnetic base securing it to the machine tool's table or chuck, simplifying calibration by eliminating manual steps. Through the plunger's precise positioning and locking mechanism, it establishes an exact datum surface using a test bar or other defined instruments. The calibration disk on the lockable plunger further enables precise calibration of the entire probe length. Embracing such innovative machines empowers market players to deliver highly efficient and effective calibration services, thus solidifying their competitive standing in the industry.

Leading companies within the calibration services domain are actively innovating by incorporating advanced technologies into their product offerings, notably ground-based augmentation systems (GBAS), to ensure customers receive reliable and enhanced services. GBAS, designed to enhance the accuracy, integrity, and availability of Global Navigation Satellite Systems (GNSS) such as GPS, finds primary application in aviation contexts. Rohde & Schwarz, a Germany-based company, made strides in this direction by introducing the R&S EVSD1000 VHF/UHF NAV/drone analyzer in March 2023. This cutting-edge solution specifically caters to precise and efficient inspection of terrestrial navigation and communication systems tailored for drones. The analyzer's role in streamlining the inspection of air navigation and communication signals for drones significantly contributes to advancing the calibration services market. Such innovations, integrating groundbreaking technologies such as GBAS, underscore the commitment of industry leaders to deliver robust and precise calibration solutions, thus bolstering the overall growth trajectory of the market.

In June 2022, Transcat Inc., a prominent US-based entity specializing in test and measurement equipment and calibration services for technically advanced sectors, successfully completed the acquisition of Alliance Calibration LLC for a sum totaling $4.7 million. This strategic acquisition amplifies Transcat Inc.'s scope, enabling the exploration of diverse opportunities and the expansion of its product and service portfolio across several industries. Alliance Calibration LLC, a US-based company renowned for its expertise in calibrating precision measurement and control instrumentation, caters to clientele in sectors encompassing life sciences, chemical, aerospace, and general industrial markets. This acquisition significantly bolsters Transcat Inc.'s offerings, facilitating a more comprehensive reach across key industries such as life sciences, power generation, aerospace and defense, manufacturing, and food and beverage production, reinforcing its position as a leader in the calibration services landscape.

Major companies operating in the calibration services market report are Siemens Aktiengesellschaft, General Electric, Danaher Corporation, Asea Brown Boveri Ltd, Eaton Corporation, Keysight Technologies Inc., Ametek Inc., Fluke Corporation, Optimal Calibration, Mettler-Toledo International Inc., Endress+Hauser AG, Yokogawa Electric Corporation, Rohde & Schwarz GmbH & Co KG, Tektronix Inc., WIKA Alexander Wiegand SE & Co. KG, National Technical Systems, Trescal Holdings Inc., Industrial Physics, Beamex Oy Ab, Transcat Inc., Instron Corporation, Micro Precision Calibration Inc., Cole-Parmer Instrument Company LLC, Simco Electronics, Anton Paar GmbH, Chauvin Arnoux Group, Gagemaker LP, Tradinco Instruments, American Calibration Inc., Optical Test and Calibration Ltd., Instrumentation Laboratory, Pruftechnik, Flir Systems, Global Beam Technologies, Intertek Group PLC, Nagman Instrumentation & Electronics.

Europe was the largest region in the calibration services market share in 2023. The regions covered in the calibration services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the calibration services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Calibration services primarily encompass three service types: in-house, OEMs (original equipment manufacturer), and third-party services. In-house calibration involves companies conducting equipment and instrument calibration internally, leveraging engineers trained in calibration processes. This approach aims to maintain the accuracy of instruments and equipment, ensuring consistent and precise measurements in various testing applications. Calibration spans multiple types, including electrical, mechanical, thermodynamic, physical or dimensional, and others, serving industries such as electronics manufacturing, communication, aerospace and defense, automotive, and more.

The calibration services market research report is one of a series of new reports that provides calibration services market statistics, including calibration services industry global market size, regional shares, competitors with a calibration services market share, detailed calibration services market segments, market trends and opportunities, and any further data you may need to thrive in the calibration services industry. This calibration services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The calibration services market includes revenues earned by entities by providing pressure, and temperature and flow calibrations that are required for consistent performance, accuracy, and repeatability in operations. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.


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.
Frequently Asked Questions about the Global Calibration Services Market

What is the estimated value of the Global Calibration Services Market?

The Global Calibration Services Market was estimated to be valued at $6.82 Billion in 2024.

What is the growth rate of the Global Calibration Services Market?

The growth rate of the Global Calibration Services Market is 7.7%, with an estimated value of $9.18 Billion by 2028.

What is the forecasted size of the Global Calibration Services Market?

The Global Calibration Services Market is estimated to be worth $9.18 Billion by 2028.

Who are the key companies in the Global Calibration Services Market?

Key companies in the Global Calibration Services Market include Raytheon Aircraft Company, The Boeing Company, Airbus SE, Textron Inc., Rockwell Collins Inc., Gulfstream Aerospace Corporation, Dassault Aviation SA, Bombardier Inc, Beechcraft Corporation and Israel Aerospace Industries Ltd..

Table of Contents

1. Executive Summary2. Calibration Services Market Characteristics3. Calibration Services Market Trends and Strategies
4. Calibration Services Market - Macro Economic Scenario
4.1. Impact of High Inflation on the Market
4.2. Ukraine-Russia War Impact on the Market
4.3. COVID-19 Impact on the Market
5. Global Calibration Services Market Size and Growth
5.1. Global Calibration Services Market Drivers and Restraints
5.1.1. Drivers of the Market
5.1.2. Restraints of the Market
5.2. Global Calibration Services Historic Market Size and Growth, 2018-2023, Value ($ Billion)
5.3. Global Calibration Services Forecast Market Size and Growth, 2023-2028, 2033F, Value ($ Billion)
6. Calibration Services Market Segmentation
6.1. Global Calibration Services Market, Segmentation by Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • in-House
  • OEMs (Original Equipment Manufacturer)
  • Third-Party Service
6.2. Global Calibration Services Market, Segmentation by Calibration, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Electrical
  • Mechanical
  • Thermodynamic
  • Physical Or Dimensional
  • Other Calibrations
6.3. Global Calibration Services Market, Segmentation by End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Electronics Manufacturing
  • Communication
  • Aerospace and Defense
  • Automotive
  • Other End-Uses
7. Calibration Services Market Regional and Country Analysis
7.1. Global Calibration Services Market, Split by Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Calibration Services Market, Split by Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8. Asia-Pacific Calibration Services Market
8.1. Asia-Pacific Calibration Services 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
8.2. Asia-Pacific Calibration Services Market, Segmentation by Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Calibration Services Market, Segmentation by Calibration, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Calibration Services Market, Segmentation by End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
9. China Calibration Services Market
9.1. China Calibration Services Market Overview
9.2. China Calibration Services Market, Segmentation by Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Calibration Services Market, Segmentation by Calibration, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Calibration Services Market, Segmentation by End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
10. India Calibration Services Market
10.1. India Calibration Services Market, Segmentation by Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Calibration Services Market, Segmentation by Calibration, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Calibration Services Market, Segmentation by End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11. Japan Calibration Services Market
11.1. Japan Calibration Services Market Overview
11.2. Japan Calibration Services Market, Segmentation by Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Calibration Services Market, Segmentation by Calibration, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Calibration Services Market, Segmentation by End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12. Australia Calibration Services Market
12.1. Australia Calibration Services Market, Segmentation by Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Calibration Services Market, Segmentation by Calibration, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Calibration Services Market, Segmentation by End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13. Indonesia Calibration Services Market
13.1. Indonesia Calibration Services Market, Segmentation by Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Calibration Services Market, Segmentation by Calibration, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Calibration Services Market, Segmentation by End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14. South Korea Calibration Services Market
14.1. South Korea Calibration Services Market Overview
14.2. South Korea Calibration Services Market, Segmentation by Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Calibration Services Market, Segmentation by Calibration, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Calibration Services Market, Segmentation by End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. Western Europe Calibration Services Market
15.1. Western Europe Calibration Services Market Overview
15.2. Western Europe Calibration Services Market, Segmentation by Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Calibration Services Market, Segmentation by Calibration, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Calibration Services Market, Segmentation by End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16. UK Calibration Services Market
16.1. UK Calibration Services Market, Segmentation by Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Calibration Services Market, Segmentation by Calibration, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Calibration Services Market, Segmentation by End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17. Germany Calibration Services Market
17.1. Germany Calibration Services Market, Segmentation by Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Calibration Services Market, Segmentation by Calibration, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Calibration Services Market, Segmentation by End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. France Calibration Services Market
18.1. France Calibration Services Market, Segmentation by Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Calibration Services Market, Segmentation by Calibration, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Calibration Services Market, Segmentation by End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19. Italy Calibration Services Market
19.1. Italy Calibration Services Market, Segmentation by Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Calibration Services Market, Segmentation by Calibration, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Calibration Services Market, Segmentation by End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20. Spain Calibration Services Market
20.1. Spain Calibration Services Market, Segmentation by Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Calibration Services Market, Segmentation by Calibration, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Calibration Services Market, Segmentation by End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21. Eastern Europe Calibration Services Market
21.1. Eastern Europe Calibration Services Market Overview
21.2. Eastern Europe Calibration Services Market, Segmentation by Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Calibration Services Market, Segmentation by Calibration, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Calibration Services Market, Segmentation by End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22. Russia Calibration Services Market
22.1. Russia Calibration Services Market, Segmentation by Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Calibration Services Market, Segmentation by Calibration, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Calibration Services Market, Segmentation by End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23. North America Calibration Services Market
23.1. North America Calibration Services Market Overview
23.2. North America Calibration Services Market, Segmentation by Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Calibration Services Market, Segmentation by Calibration, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Calibration Services Market, Segmentation by End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24. USA Calibration Services Market
24.1. USA Calibration Services Market Overview
24.2. USA Calibration Services Market, Segmentation by Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Calibration Services Market, Segmentation by Calibration, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Calibration Services Market, Segmentation by End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. Canada Calibration Services Market
25.1. Canada Calibration Services Market Overview
25.2. Canada Calibration Services Market, Segmentation by Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Calibration Services Market, Segmentation by Calibration, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Calibration Services Market, Segmentation by End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. South America Calibration Services Market
26.1. South America Calibration Services Market Overview
26.2. South America Calibration Services Market, Segmentation by Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Calibration Services Market, Segmentation by Calibration, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Calibration Services Market, Segmentation by End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27. Brazil Calibration Services Market
27.1. Brazil Calibration Services Market, Segmentation by Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Calibration Services Market, Segmentation by Calibration, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Calibration Services Market, Segmentation by End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. Middle East Calibration Services Market
28.1. Middle East Calibration Services Market Overview
28.2. Middle East Calibration Services Market, Segmentation by Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Calibration Services Market, Segmentation by Calibration, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Calibration Services Market, Segmentation by End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. Africa Calibration Services Market
29.1. Africa Calibration Services Market Overview
29.2. Africa Calibration Services Market, Segmentation by Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Calibration Services Market, Segmentation by Calibration, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Calibration Services Market, Segmentation by End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
30. Calibration Services Market Competitive Landscape and Company Profiles
30.1. Calibration Services Market Competitive Landscape
30.2. Calibration Services Market Company Profiles
30.2.1. Siemens Aktiengesellschaft
30.2.1.1. Overview
30.2.1.2. Products and Services
30.2.1.3. Strategy
30.2.1.4. Financial Performance
30.2.2. General Electric
30.2.2.1. Overview
30.2.2.2. Products and Services
30.2.2.3. Strategy
30.2.2.4. Financial Performance
30.2.3. Danaher Corporation
30.2.3.1. Overview
30.2.3.2. Products and Services
30.2.3.3. Strategy
30.2.3.4. Financial Performance
30.2.4. Asea Brown Boveri Ltd
30.2.4.1. Overview
30.2.4.2. Products and Services
30.2.4.3. Strategy
30.2.4.4. Financial Performance
30.2.5. Eaton Corporation
30.2.5.1. Overview
30.2.5.2. Products and Services
30.2.5.3. Strategy
30.2.5.4. Financial Performance
31. Calibration Services Market Other Major and Innovative Companies
31.1. Keysight Technologies Inc.
31.2. Ametek Inc.
31.3. Fluke Corporation
31.4. Optimal Calibration
31.5. Mettler-Toledo International Inc.
31.6. Endress+Hauser AG
31.7. Yokogawa Electric Corporation
31.8. Rohde & Schwarz GmbH & Co KG
31.9. Tektronix Inc.
31.10. WIKA Alexander Wiegand SE & Co. KG
31.11. National Technical Systems
31.12. Trescal Holdings Inc.
31.13. Industrial Physics
31.14. Beamex Oy Ab
31.15. Transcat Inc.
32. Global Calibration Services Market Competitive Benchmarking33. Global Calibration Services Market Competitive Dashboard34. Key Mergers and Acquisitions in the Calibration Services Market
35. Calibration Services Market Future Outlook and Potential Analysis
35.1 Calibration Services Market in 2028 - Countries Offering Most New Opportunities
35.2 Calibration Services Market in 2028 - Segments Offering Most New Opportunities
35.3 Calibration Services Market in 2028 - Growth Strategies
35.3.1 Market Trend-based Strategies
35.3.2 Competitor Strategies
36. Appendix
36.1. Abbreviations
36.2. Currencies
36.3. Historic and Forecast Inflation Rates
36.4. Research Inquiries
36.5. About the Analyst
36.6. Copyright and Disclaimer

Executive Summary

Calibration Services Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on calibration services 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 coronavirus 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.
  • Report will be updated with the latest data and delivered to you with an Excel data sheet for easy data extraction and analysis.
  • All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for calibration services? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This 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.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
  • The forecasts are made after considering the major factors currently impacting the market. These include:
  • The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
  • The impact of higher inflation in many countries and the resulting spike in interest rates.
  • The continued but declining impact of COVID-19 on supply chains and consumption patterns.
  • Market segmentations break down the market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Report Scope

Markets Covered:
1) By Service: In-House; OEMs (Original Equipment Manufacturer); Third-Party Service
2) By Calibration: Electrical; Mechanical; Thermodynamic; Physical Or Dimensional; Other Calibrations
3) By End Use: Electronics Manufacturing; Communication; Aerospace and Defense; Automotive; Other End-Uses

Key Companies Mentioned: Siemens Aktiengesellschaft; General Electric; Danaher Corporation; Asea Brown Boveri Ltd; Eaton Corporation

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain

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 Segmentation: 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

A selection of companies mentioned in this report includes:

  • Siemens Aktiengesellschaft
  • General Electric
  • Danaher Corporation
  • Asea Brown Boveri Ltd
  • Eaton Corporation
  • Keysight Technologies Inc.
  • Ametek Inc.
  • Fluke Corporation
  • Optimal Calibration
  • Mettler-Toledo International Inc.
  • Endress+Hauser AG
  • Yokogawa Electric Corporation
  • Rohde & Schwarz GmbH & Co KG
  • Tektronix Inc.
  • WIKA Alexander Wiegand SE & Co. KG
  • National Technical Systems
  • Trescal Holdings Inc.
  • Industrial Physics
  • Beamex Oy Ab
  • Transcat Inc.
  • Instron Corporation
  • Micro Precision Calibration Inc.
  • Cole-Parmer Instrument Company LLC
  • Simco Electronics
  • Anton Paar GmbH
  • Chauvin Arnoux Group
  • Gagemaker LP
  • Tradinco Instruments
  • American Calibration Inc.
  • Optical Test and Calibration Ltd.
  • Instrumentation Laboratory
  • Pruftechnik
  • Flir Systems
  • Global Beam Technologies
  • Intertek Group plc
  • Nagman Instrumentation & Electronics

Methodology

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