The report presents a comprehensive overview of industry trends, growth share and the competitive landscape in 200 pages.
“Metrology Services Market” report contains detailed information on factors influencing demand, growth, opportunities, challenges, and restraints. It provides detailed information about the structure and prospects for global and regional industries. In addition, the report includes data on research & development, new product launches, product responses from the global and local markets by leading players. The structured analysis offers a graphical representation and a diagrammatic breakdown of the Metrology Services Market by region.
Global Metrology Services Market is valued approximately USD 772.16 million in 2021 and is anticipated to grow with a healthy growth rate of more than 5.8% over the forecast period 2022-2029
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The services that are supplied to industries for measurement purposes are known as metrology services. They are widely utilised in applications including industrial, aerospace, automotive, power generation, and others, and they assist the company in increasing production without compromising the need for resources. Increased consumer demand for luxury, electric, and hybrid vehicles as well as increased mechanization in the agricultural sector are among the key reasons propelling the market for metrology services. These trends are also vital in accelerating market expansion. Additionally, during the forecasted period, a surge in demand from emerging economies would further open up new potential for the market for metrology services.
According to the Statista automotive market is recovering slowly and in 2022 the market would lift up to USD 2.95 trillion from USD 2.71 trillion in 2020. Along with this, according to the same source, in 2030, 58 million new self-driving cars are anticipated to be added to the worldwide, which would directly increase the adoption of metrology services. Additionally, around 26% of all new car sales are anticipated to be electric vehicles. The use of metrology services is increasing in automotive sector which is driving the growth for the market over the forecast period. However, the high cost of Metrology Services stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Metrology Services Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. In 2021, North America dominated the market, and it is anticipated that it would do so again throughout the projection period. Europe followed the North American continent closely. Europe is home to a sizable number of automobile manufacturers. A huge growth in the local aerospace and defense industry is predicted to make Asia Pacific the fastest-growing area throughout the forecast period. The metrology services market in Asia Pacific is anticipated to be driven by industrial and power generation applications. The power generation sector uses 3D scanner-based metrology services for a variety of purposes.
Major market players included in this report are:
- Hexagon AB
- Carl Zeiss AG
- Renishaw plc
- Nikon Metrology Inc.
- Quality Vision International
- Optical Metrology Services Ltd
- Perceptron, Inc.
- Intertek Group plc
- Dimensional Metrology Services.
- Marand Precision
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Product:
Coordinate-measuring machine (CMM)
Operating Deflection Shape (ODS)
By Application:
Automotive
Aerospace
Industrial
Power Generation
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
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Report Include:
- Market Behavior/ Level of Risk and Opportunity
- End Industry Behavior/ Opportunity Assessment
- Expected Industry Recovery Timeline
Key Market Features in Global Market:The report assessed key market features, including revenue, capacity, price, capacity utilization rate, production rate, gross, production, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. The study also offers a thorough analysis of the most important market factors and their most recent developments, as well as pertinent market segments and sub-segments.
In this report, the following important queries are addressed:
- What is the Global market’s sales value, production value, consumption value, import, and export (including North America, Europe, Asia-Pacific, South America, Middle East, and Africa)?
- Who are the major manufacturers in this sector on a global scale? How are their capacity, production, sales, pricing, cost, gross, and revenue operating?
- What are the vendors’ market prospects and risks in the international industry?
- Which product types, end users, or applications might be looking for additional growth prospects? What is each type’s and application’s market share?
- What specific strategies and limitations are keeping the market in check?
- What is the various marketing, sales, and distribution channels in the international market?
- What are the upstream raw materials, as well as the manufacturing machinery?
- What are the Market opportunities, market risk, and market overview of this industry?
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