Coordinate Measuring Machine Market Report: Trends, Forecast and Competitive Analysis to 2030

Coordinate Measuring Machine Market Report: Trends, Forecast and Competitive Analysis to 2030

Coordinate Measuring Machine Market Trends and Forecast

The future of the global coordinate measuring machine market looks promising with opportunities in the automotive, aerospace, heavy machinery, energy & power, electronics, and medical markets. The global coordinate measuring machine (cmm) market is expected to reach an estimated $5.9 billion by 2030 with a CAGR of 8.2% from 2024 to 2030. The major drivers for this market are increasing adaoption of 3D data in modeling and analytical applications, growing trend of cloud computing and industry 4.0, and rising investments in research and development on developing metrology products.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below. To learn the scope, benefits, companies researched and other details of the global coordinate measuring machine market report, please download the report brochure.

Coordinate Measuring Machine Market by Segment

The study includes a forecast for the global coordinate measuring machine market by type, end use, and region

Coordinate Measuring Machine (CMM) Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Fixed CMM
• Portable CMM

Coordinate Measuring Machine (CMM) Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Automotive
• Aerospace
• Heavy Machinery
• Energy & Power
• Electronics
• Medical
• Others

Coordinate Measuring Machine (CMM) Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Coordinate Measuring Machine Market Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies coordinate measuring machine market companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the coordinate measuring machine market companies profiled in this report include-

• Hexagon
• FARO Technologies
• Carl Zeiss
• Eley Metrology
• N J Metrology
• Nikon Metrology
• Metronor
• Creaform Inc

Coordinate Measuring Machine Market Market Insights

Lucintel forecast that portable CMM is expected to witness highest growth over the forecast period due to its increasing adoption in automotive and power industries owing to its ease of use and its capability to provide maximum flexibility to perform metrology activities.

Within this market, heavy machinery will remain the largest segment as it can deliver onsite dimensional measurement to heavy equipment manufacturers, such as earthmoving, excavation, and agricultural machinery.

APAC is expected to witness highest growth over the forecast period due to rapid industralization and growing adoption of automation in various industrial verticals in the region.

Features of the Global coordinate measuring machine (CMM) market

Market Size Estimates: Coordinate measuring machine market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Cordinate measuring machine market size by various segments, such as by type, end use, and region in terms of value ($B).

Regional Analysis: Coordinate measuring machine market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different type, end use, and regions for the coordinate measuring machine market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the coordinate measuring machine market.

Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q.1 What is the coordinate measuring machine market size?

Answer: The global coordinate measuring machine market is expected to reach an estimated $5.9 billion by 2030.

Q.2 What is the growth forecast for coordinate measuring machine market?

Answer: The global coordinate measuring machine market is expected to grow with a CAGR of 8.2% from 2024 to 2030

Q.3 What are the major drivers influencing the growth of the coordinate measuring machine market?

Answer: The major drivers for this market are increasing adaoption of 3D data in modeling and analytical applications, growing trend of cloud computing and industry 4.0, and rising investments in research and development on developing metrology products.

Q4. What are the major segments for coordinate measuring machine market?

Answer: The future of the global coordinate measuring machine market looks promising with opportunities in the automotive, aerospace, heavy machinery, energy & power, electronics, and medical markets.

Q5. Who are the key coordinate measuring machine market companies?

Answer: Some of the key coordinate measuring machine market companies are as follows:

Hexagon

FARO Technologies

Carl Zeiss

Eley Metrology

N J Metrology

Nikon Metrology

Metronor

Creaform Inc

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Q6. Which coordinate measuring machine market segment will be the largest in future?

Answer: Lucintel forecast thatportable CMM is expected to witness highest growth over the forecast period due to its increasing adoption in automotive and power industries owing to its ease of use and its capability to provide maximum flexibility to perform metrology activities.

Q7. In coordinate measuring machine (CMM) market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period due to rapid industralization and growing adoption of automation in various industrial verticals in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the coordinate measuring machine market by type (fixed CMM and portable CMM), end use (automotive, aerospace, heavy machinery, energy & power, electronics, medical, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

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