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Market Research Report
Product code
910981
Global Coordinate Measuring Machines (CMM) Market 2019-2025 |
Global Coordinate Measuring Machines (CMM) Market 2019-2025 |
Published: July 26, 2019
Orion Market Research Pvt Ltd
Delivery time: 2-3 business days
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Global Coordinate Measuring Machines (CMM) Market Size, Share & Trends Analysis Report by Type (Bridge, Cantilever, Gantry, and Horizontal Arm), by Operation Mode (Manual, Semi-Automatic and Fully Automatic), By End-User (Aerospace & Defense, Medical Device, Automotive & Manufacturing, Energy & Power, and Other)
Coordinate Measuring Machines (CMMs) market size is expected to grow significantly. CMMs are used to determine the precise measurement of objects up to three dimensions (3D). They are used for design, testing, assessment, profiling, and reverse engineering of parts or component. The major factor which is augmenting the market is the rising demand for reverse engineering in various industries such as automotive, heavy machinery, and plastic. The major restraint to the market is the high cost of machinery. However, many service companies provide their CMM services on a contract basis which creates enormous opportunities in the market in the near future.
The CMM market is segmented on the basis of type, operation mode, and end-user. By type, the market is segmented into bridge, cantilever, gantry, and horizontal arm. A cantilever CMM are generally used to measure smaller objects whereas gantry machines are used for very large and heavy objects. By end-user, the market is segmented into aerospace & defense, medical device, automotive & manufacturing, energy & power and other. It is expected that the automotive and manufacturing segment will be the largest contributor to the market in 2019 attributed to the huge application of CMM for various automotive application.
The CMM industry is further segmented on the basis of geography including North America, Europe, Asia-Pacific and Rest of the World. North America is expected to have a significant share in the market. The considerable market value in North America is attributed to well-developed automotive, and aerospace and defense industry in the region. Europe is also expected to have a strong growth rate. Major countries which will contribute to the market in the European region include UK, Germany, France, Spain, and Italy. Asia-Pacific will be the fastest-growing region in the CMM market. China, India, Japan, and South Korea will the major contributors to the market growth. The domestic consumption of these countries is increasing significantly in automotive, plastics, airplanes and defense segment.
The major players that contribute to the growth of the global CMM market include Carl Zeiss AG, Eley Metrology Ltd., Faro Technologies, Inc., Hexagon AB, Mitutoyo Corp., Nikon Metrology, Inc., and The Sempre Group, Ltd. They are adopting various market approaches which include merger and acquisition, partnership with government and power companies in order to gain a strong position in the market. As an instance, on January 2019, Hexagon AB launched its first blue laser scanning sensor for creating point clouds. It is a non-contact sensor for CMMs. It can be also used at the on smaller CMMs and where accessibility is restricted.
The market study of the global market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity in our reports.
The report is intended for CMM manufacturers, suppliers, government organizations, automotive manufacturers, aerospace manufacturers, plastic manufacturers, and their respective vendor companies for overall market analysis and competitive analysis. The report provides in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.
4.1 Motivators
4.2 Restraints
4.3 Opportunities