The Market research collection of Report Ocean now includes the newly added report titled “Coordinate Measuring Machines (CMM) Market” Size, Scope, and Forecast 2023-2031.” Esteemed industry experts and researchers have provided an authoritative and succinct analysis of the market, covering crucial aspects such as growth factors, challenges, restraints, developments, and growth opportunities. This report offers a precise examination of the evolving dynamics and emerging trends in the market. Moreover, it presents a forward-looking outlook on the factors expected to drive the growth of Coordinate Measuring Machines (CMM) Market in the forthcoming years.
A coordinate measuring machine is a device that measures the geometry of physical objects. It typically uses probes to sense the position of a point in space, measuring it based on its distance from a three-dimensional reference position. CMM machine is also used to test and verify a part or assembly to ensure that it matches the intended design. In 2021, the global coordinate measuring machines market stood at USD 2,098 million. Recording a CAGR of 7.3% from 2022 to 2028, the worth is projected to reach ~USD 3,436 million by 2028, according to a new report by Report Ocean.
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A release on June 8th, 2022, by the Bureau and Economic Analysis and U.S. The Census Bureau reports the recovery of the U.S. market. The report also described the recovery of U.S. International Trade in July 2022.In April 2022, exports in the country reached $300 billion, an increase of $13.4 billion. In April 2022, imports amounted to $294.5 billion, increasing by $17.4 billion. COVID-19 is still a significant issue for economies around the globe, as evidenced by the year-over-year decline in exports in the U.S. between April 2020 and April 2022 and the increase in imports over that same period of time. The market is clearly trying to recover. Despite this, it means there will be a direct impact on industries. resulting in a large market for Coordinate Measuring Machines (CMM) Market.
The report provides in-depth analysis and insights regarding the current global market scenario, latest trends and drivers into global coordinate measuring machines market. It offers an exclusive insight into various details such as market size, key trends, competitive landscape, growth rate and market segments. This study also provides an analysis of the impact of the COVID-19 crisis on the coordinate measuring machines industry.
This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the product, end user, and region. The global market for coordinate measuring machines can be segmented by product: portable CMMs, stationary CMMs. The stationary CMMs segment held the largest share of the global coordinate measuring machines market in 2021 and is anticipated to hold its share during the forecast period. Coordinate measuring machines market is further segmented by end user: automotive, aerospace & defense, energy & power, electrical & electronics, others. Based on region, the coordinate measuring machines market is segmented into: North America, Asia Pacific, Europe, Rest of the World (ROW).
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By product:
portable CMMs
stationary CMMs
By end user:
automotive
aerospace & defense
energy & power
electrical & electronics
others
By region:
North America
Asia Pacific
Europe
Rest of the World (ROW)
The stationary CMMs market is further segmented into bridge CMM, gantry CMM, horizontal-arm CMM. In 2021, the bridge CMM segment made up the largest share of revenue generated by the coordinate measuring machines market. Furthermore, the portable CMMs market has been categorized into articulated-arm CMM, handheld CMM. Among these, the articulated-arm CMM segment was accounted for the highest revenue generator in 2021.
The report also provides a detailed analysis of several leading coordinate measuring machines market vendors that include Aberlink Ltd., Accurate Gauging & Instruments Pvt Ltd, Automated Precision, Inc (API), Carl Zeiss AG, Creaform Inc., Dukin Co., Ltd., Eley Metrology Ltd., FARO Technologies, Inc., GOM GmbH, Helmel Engineering Products, Inc., Hexagon AB, Innovalia Metrology, ITP Group Ltd, Keyence Corporation, Kreon Technologies, Metronor AS, Mitutoyo Corporation, MORA Metrology GmbH, Nikon Metrology NV, Perceptron, Inc., Stiefelmayer GmbH & Co Kg, TARUS Products Inc, Tokyo Seimitsu Co., Ltd., TRIMOS SA, WENZEL Group GmbH & Co. KG, Werth Messtechnik GmbH, Xi’an High-Tech AEH Industrial Metrology Co., Ltd., among others.
Scope of the Report
To analyze and forecast the market size of the global coordinate measuring machines market.
To classify and forecast the global coordinate measuring machines market based on product, end user, region.
To identify drivers and challenges for the global coordinate measuring machines market.
To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global coordinate measuring machines market.
To identify and analyze the profile of leading players operating in the global coordinate measuring machines market.
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Why Choose This Report
Gain a reliable outlook of the global coordinate measuring machines market forecasts from 2022 to 2028 across scenarios.
Identify growth segments for investment.
Stay ahead of competitors through company profiles and market data.
The market estimate for ease of analysis across scenarios in Excel format.
Strategy consulting and research support for three months.
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Research Methodology:
Research Objectives: This section provides an overview of the primary objectives of the research study, including the research questions and hypotheses that will be addressed.
Research Design: The subsequent section presents a comprehensive outline of the research design, including the chosen approach for the study (quantitative, qualitative, or mixed-methods), the methodologies employed for data collection (surveys, interviews, focus groups), and the sampling strategy utilized (random sampling, stratified sampling).
Data Collection: This section involves the collection of information from both primary and secondary sources. Primary sources encompassed the use of survey questionnaires and interview guides, while secondary sources included existing data from reputable publications and databases. The data collection procedures involved meticulous steps such as data cleaning, coding, and entry to ensure the accuracy and reliability of the collected data.
Data Analysis: Various methods were utilized to analyze the data, including statistical tests, qualitative coding, and content analysis.
Limitations: The study’s limitations encompass potential biases, errors in data sources, and overall constraints related to the data used in the research.
The report highlights the following key facts about the market:
- Compound Annual Growth Rate (CAGR) projected for the entire anticipated time range.
- Detailed insights into the factors that will drive market growth from 2023 to 2031.
- Accurate estimation of the market’s size and market share, with a particular focus on the parent market.
- Precise predictions of upcoming trends and changes in consumer behavior.
- Analysis of industry growth in North America, APAC, Europe, South America, the Middle East, and Africa.
- Comprehensive examination of the market’s competitive landscape, along with detailed data on vendors.
- Thorough analysis of the challenges faced by market suppliers in expanding their operations.
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