Precision Measuring Tools Global Market Report 2025

The precision measuring tools market size has grown strongly in recent years. It will grow from $9.21 billion in 2024 to $9.89 billion in 2025 at a compound annual growth rate (CAGR) of 7.4%. The growth during the historic period can be attributed to rising demand in automotive manufacturing, increasing use in aerospace applications, growing focus on quality assurance, higher adoption of industrial automation, and expansion of global trade in precision components.

The precision measuring tools market size is expected to see strong growth in the next few years. It will grow to $13.01 billion in 2029 at a compound annual growth rate (CAGR) of 7.1%. The growth expected in the forecast period can be linked to greater adoption of smart factories, increasing demand for precision in medical devices, rising need for advanced metrology in electronics, growing focus on renewable energy equipment, and increased investment in infrastructure projects. Key trends in the forecast period include advancements in digital metrology, innovation in portable measuring instruments, investment in automated inspection systems, progress in non-contact measurement technologies, and development of software-driven measurement solutions.

The growing demand for automation is expected to drive the expansion of the precision measuring tools market. Automation involves the use of technology, machines, or software systems to perform tasks with minimal or no human intervention, with the goal of enhancing efficiency, accuracy, and productivity across various industries. As industries face labor shortages, the demand for automation continues to rise, prompting companies to adopt advanced machines and robotic systems to maintain consistent production, reduce reliance on manual labor, and ensure operational efficiency and quality. Precision measuring tools play a crucial role in automation by providing accurate measurements that enable machines to operate precisely, maintain high quality, and carry out production tasks without errors. For example, in September 2024, the International Federation of Robotics, a Germany-based non-profit organization, reported that industrial robot installations in Europe reached a record 92,393 units, marking a 9% increase. Of these, 80% (73,534 units) were installed in the European Union, showing a 2% rise compared to the previous year. As a result, the increasing demand for automation is significantly driving the growth of the precision measuring tools market.

Key companies in the precision measuring tools market are focusing on developing cutting-edge solutions such as ultra-high accuracy coordinate measuring machines (CMMs). These precision systems are designed to measure the exact dimensions and geometries of components with extreme accuracy, often at the micrometer or sub-micrometer level, ensuring strict adherence to quality and dimensional standards. For instance, in April 2023, Hexagon AB, a Sweden-based industrial technology company, launched the next generation of Leitz PMM-C ultra-high accuracy coordinate measuring machines. This series sets a new benchmark for precision measurement with a modular design that allows manufacturers to tailor the machines to specific application needs. The new generation features advanced options, such as the Throughput+ for up to 20% faster inspections, Eco Mode+ for energy efficiency, messaging lights for operator awareness, and enhanced safety with laser scanner monitoring. These CMMs offer a wide measurement volume and deliver submicron accuracy in demanding applications, making them suitable for manufacturing labs and precision production environments, without the need for costly climate-controlled rooms.

In April 2022, Vitrek, LLC, a US-based manufacturer of high-voltage test and measurement equipment, acquired MTI Instruments, Inc. for $10.75 million. This acquisition allows Vitrek to expand its portfolio of precision measurement products, boosting its market presence and accelerating growth in sectors such as aerospace, military, industrial manufacturing, and research. MTI Instruments, Inc. specializes in non-contact measurement, vibration analysis, and condition-based monitoring, further strengthening Vitrek’s capabilities in precision measurement tools and systems.

Major players in the precision measuring tools market are Stanley Black & Decker Inc., KLA Corporation, Keyence Corporation, AMETEK Inc., Hexagon AB, Jenoptik AG, Renishaw plc, Mitutoyo Corporation, Mahr GmbH, Quality Vision Inteational, Wenzel Group GmbH & Co. KG, Heidenhain Corporation, Tokyo Seimitsu Co. Ltd., Automated Precision Inc., Sylvac SA, DICTUM GmbH, Ommatidia LIDAR S.L., Sangha Metrology, Trimos SA, Dorsey Metrology International.

Asia-Pacific was the largest region in the precision measuring tools market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in precision measuring tools report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The swift increase in U.S. tariffs and the ensuing trade tensions in spring 2025 are significantly affecting the machinery sector by increasing costs for steel, hydraulic systems, and precision bearings critical components often imported from tariff-affected regions. Manufacturers of construction, agricultural, and industrial machinery now face squeezed margins, as many long-term contracts prevent immediate price adjustments. The uncertainty has also delayed investment in automation and smart machinery technologies, slowing productivity gains. To adapt, firms are accelerating local supplier development, redesigning products to use alternative materials, and leveraging predictive maintenance to extend equipment lifespans amid higher replacement costs.

The precision measuring tools market research report is one of a series of new reports that provides precision measuring tools market statistics, including precision measuring tools industry global market size, regional shares, competitors with a precision measuring tools market share, detailed precision measuring tools market segments, market trends and opportunities, and any further data you may need to thrive in the precision measuring tools industry. This precision measuring tools 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.

Precision measuring tools are highly specialized instruments designed to deliver extremely accurate and consistent measurements of physical quantities, minimizing errors as much as possible. They are carefully engineered to detect even the smallest variations in dimensions, angles, or distances, ensuring precision through finely calibrated mechanisms and advanced sensing technologies. These tools are crucial for maintaining exact measurement standards, ensuring reliability, and supporting the integrity of measurement processes in environments where accuracy is vital.

The main categories of precision measuring tools include calipers, micrometers, gauges, laser measuring tools, and temperature measuring instruments. Calipers are instruments with two jaws designed to measure internal, external, and depth dimensions of objects with high accuracy. These tools incorporate various technologies, such as manual measuring methods, electronic measuring systems, optical measurement, and laser measurement technology, and are distributed through online sales, offline sales, and direct sales channels. They are applied in construction, manufacturing, aerospace, automotive, and electronics, serving a wide range of end-users, including industrial sectors, commercial enterprises, research and development, and other areas.

The countries covered in the precision measuring tools market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The precision measuring tools market consists of sales of optical comparators, coordinate measuring machines, surface plates, protractors and angle gauges, and dial indicators. 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 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.

This product will be delivered within 3-5 business days.