Precision Measuring Tools Market Report 2026

The precision measuring tools market size has grown strongly in recent years. It will grow from $9.89 billion in 2025 to $10.61 billion in 2026 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to expansion of precision manufacturing industries, increasing use of quality inspection tools, growth in aerospace and automotive production, availability of advanced metrology solutions, rising demand for standardized measurement practices.

The precision measuring tools market size is expected to see strong growth in the next few years. It will grow to $13.9 billion in 2030 at a compound annual growth rate (CAGR) of 7%. The growth in the forecast period can be attributed to increasing adoption of smart inspection technologies, growing integration with digital manufacturing systems, expansion of semiconductor and electronics production, rising focus on zero-defect manufacturing, increasing investments in advanced metrology. Major trends in the forecast period include increasing adoption of electronic and laser-based measuring tools, rising demand for ultra-high accuracy measurement, growing use in advanced manufacturing applications, expansion of automated inspection systems, enhanced focus on error reduction.

The increasing demand for automation is expected to drive the growth of the precision measuring tools market going forward. Automation refers to the use of technology, machines, or software systems to perform tasks with minimal or no human intervention, improving efficiency, accuracy, and productivity across various processes. This demand is rising as industries face labor shortages, prompting companies to adopt advanced machinery and robotic systems to maintain consistent production, reduce reliance on manual labor, and ensure operational efficiency and quality. Precision measuring tools support automation by providing exact measurements that enable machines to operate accurately, maintain quality standards, and perform production tasks efficiently without errors. For example, in September 2024, the International Federation of Robotics (IFR) reported that industrial robot installations in the UK increased by 51% to 3,830 units, while in the Americas, installations surpassed 50,000 units for the third consecutive year, totaling 55,389 units in 2023. Therefore, the rising demand for automation is driving the growth of the precision measuring tools market.

Major companies in the precision measuring tools market are focusing on technologically advanced solutions such as ultra-high accuracy coordinate measuring machines (CMMs) to enhance measurement precision, improve operational efficiency, and meet the growing needs of industries requiring stringent dimensional accuracy. Ultra-high accuracy CMMs are precision instruments that measure the exact dimensions and geometries of components at micrometer or sub-micrometer levels, ensuring compliance with strict quality and dimensional standards. For example, in April 2023, Hexagon AB, a Sweden-based industrial technology company, introduced the next generation of Leitz PMM-C ultra-high accuracy CMMs. This series raises industry standards with a modular design that allows customization for specific applications and features enhancements such as Throughput+ for up to 20% faster inspections, Eco Mode+ for energy savings, messaging lights for operator awareness, and advanced safety through laser scanner monitoring. These machines support a wide measurement volume and deliver submicron accuracy even in demanding applications, making them suitable for manufacturing labs and precision production environments without requiring expensive climate-controlled rooms.

In December 2023, Hangzhou Greatstar Industrial Co., Ltd., a China-based industrial tools and hardware manufacturing company, acquired the Tesa PMI (Precision Measurement Instruments) business unit from Hexagon AB for an undisclosed amount. This acquisition enables Hangzhou Greatstar to expand its global footprint in precision measurement tools by adding Tesa PMI’s well-known calipers, micrometers, and other 2-point measuring instruments to its product range, strengthening its competitive position in the global measurement instruments market. Hexagon AB is a Sweden-based industrial technology company specializing in high-precision measuring instruments such as calipers, micrometers, and gauges.

Major companies operating in the precision measuring tools market are Mitutoyo Corporation, Keyence Corporation, Renishaw plc, Hexagon AB, Mahr GmbH, Heidenhain Corporation, Jenoptik AG, Tokyo Seimitsu Co. Ltd. (ACCRETECH), AMETEK Inc., Carl Zeiss AG, Wenzel Group GmbH & Co. KG, Sylvac SA, Trimos SA, Automated Precision Inc., KLA Corporation, Nikon Metrology NV, FARO Technologies Inc., Hexagon Manufacturing Intelligence (Hexagon AB), Creaform Inc., Marposs S.p.A., Taylor Hobson Limited, GOM GmbH.

Asia-Pacific was the largest region in the precision measuring tools market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the precision measuring tools market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the precision measuring tools market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, 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.

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