Form and Surface Measuring Machines Market Size, Trends [2031]
Form and Surface Measuring Machines Market Size, Trends [2031]
Segments - Form and Surface Measuring Machines Market by Application (Mechanical Products, Automotive, Electronic Products, and Others), Type (Non-Contact Contour & Surface Measuring and Contact Contour & Surface Measuring), and Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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| Report ID :CM-6001
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Report Description
Form and Surface Measuring Machines Market Outlook 2031
The global form and surface measuring machines market size was USD XX Billion in 2022 and is likely to reach USD XX Billion by 2031, expanding at a CAGR of XX% during 2023–2031. The market is driven by the increasing requirement for precision manufacturing in various industries.
Growing emphasis on the quality control and high demand for various goods among consumers is anticipated to drive the market during the assessment period. The advancements in measuring technology, including 3D scanning and non-contact measurement methods, contribute to the market propulsion. The rate of production is anticipated to increase significantly in the coming years, due to the expansion of various industries. This is likely to impel the market during the forecast period.
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According to recent information from the National Institute of Standards and Technology, manufacturing contributed around USD 2.3 trillion to the US GDP in 2021. This is equivalent to 12% of the total US GDP.
The growth of the electronics industry with a focus on miniaturization and precise manufacturing is expected to fuel the demand for precise measurement devices in the coming years. Additionally, there has been a rising trend of customized products in recent years. Precision of customized design is one of the key requirements in such scenarios. This is anticipated to boost the market during the projection period.
The COVID-19 pandemic hindered the market, due to the constraints imposed by several governments across the globe. The import-export activities were almost halted to prevent the spread of infection across countries. This led to a decline in the demand for various end-use products that implement form and surface measuring machines in manufacturing their products. This created a disparity in supply and demand, thereby restraining the market.
Impact of Artificial Intelligence (AI) in the Form and Surface Measuring Machines Market
The use of artificial intelligence is likely to provide substantial propulsion to the form and surface measuring machines market. AI brings efficiency by automating complex analyses and enables faster and more accurate measurements in comparison to conventional means.
The machine learning algorithms in these systems adapt and improve over time, enhancing the precision of measurements and reducing the need for manual adjustments.
Form and Surface Measuring Machines Market Dynamics
Major Drivers
Increasing demand for precision in the aerospace industry is expected to drive the market during the projection period. These machines play a crucial role in ensuring precise measurements of components, as aircraft manufacturers seek higher quality and better tolerance, enhancing the overall quality.
This aids in quality control and meeting stringent industry standards. The need for advanced measuring technology is expected to increase in the coming years, as aircraft designs become increasingly intricate, which boosts the market.
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As per the data released by the Aerospace Industries Association in 2022, the was an 11.2 percent increment in the exports of the aerospace and defense industry in the period of 2020-2021. The total value of this increment was USD 100.4 billion.
Existing Restraints
High cost of machines is likely to hamper the market during the forecast period. Many businesses, especially small and medium-sized enterprises, find it challenging to afford such sophisticated machines. This considerably limits the accessibility of the machines, thereby limiting their adoption. This is projected to restrain the market during the forecast period.
Emerging Opportunities
R&D in measurement technology is anticipated to provide substantial growth opportunities for the market. Ongoing advancements in research and development of cost-effective and efficient measuring solutions potentially help with the high costs associated with these machines.
Innovations in sensor technology and data processing contribute to improved accuracy and capability, expanding the applications of form and surface measuring machines across different industries.
Scope of the Form and Surface Measuring Machines Market Report
The market report includes an assessment of the market trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Form and Surface Measuring Machines Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Application (Mechanical Products, Automotive, Electronic Products, and Others), Type (Non-Contact Contour & Surface Measuring and Contact Contour & Surface Measuring) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Zygo Corporation; Mitutoyo America Corporation; Mahr GmbH; Kosaka Laboratory Ltd.; KLA Corporation; KEYENCE CORPORATION; Carl Zeiss AG; Bruker; AMETEK Inc.; and ACCRETECH GmbH. |
Form and Surface Measuring Machines Market Segment Insights
Application Segment Analysis
Based on application, the form and surface measuring machines market is divided into mechanical products, automotive, electronic products, and others. The automotive segment is projected to hold the major share of the market during the projection period.
These machines play a pivotal role in the automotive industry by ensuring precision in the manufacturing process. It enables accurate dimensional assessment and helps in meeting stringent safety regulations. This leads to enhanced performance and safety of automotive vehicles. The segment is expected to grow at a staggering rate with the expansion of the automotive industry in the coming period.
- According to the latest data found on the U.S. Department of Commerce’s International Trade Administration, the US is one of the largest producers of automobiles across the globe. In 2020, there was a sale of 14.5 million units of light vehicles in this region.
Type Segment Analysis
On the basis of type, the global market is segregated into non-contact contour & surface measuring and contact contour & surface measuring. The contact contour & surface measuring segment is projected to register a high CAGR during the forecast period, as it provides precise measurements, ensuring that the exact specifications are met for components of various industries, including the automotive and aerospace industries.
Additionally, this method offers versatility, accommodating various materials and shapes, which allows for a wide range of applications of this method. These factors are likely to propel the segment in the coming years.
Regional Outlook
In terms of region, the global form and surface measuring machines market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to dominate the market during the projection period, due to the increasing emphasis on quality control in manufacturing processes.
The thriving automotive and aerospace industries in the region are expected to fuel the demand for precise measurement solutions significantly in the coming years. Furthermore, the presence of several leading market players is expected to create profitable prospects for the market in this region during the forecast period.
The market in Asia Pacific is projected to have substantial propulsion in the coming years, owing to the increasing industrialization and manufacturing activities in this region. This is leading to a rise in the demand for precision instruments across various industries. Their demand is particularly high in the automotive and consumer electronics sectors. This is projected to drive the market during the assessment period in this region.
Segments
The form and surface measuring machines market has been segmented on the basis of
Application
- Mechanical Products
- Automotive
- Electronic Products
- Others
Type
- Non-Contact Contour & Surface Measuring
- Contact Contour & Surface Measuring
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Zygo Corporation
- Mitutoyo America Corporation
- Mahr GmbH
- Kosaka Laboratory Ltd.
- KLA Corporation
- KEYENCE CORPORATION
- Carl Zeiss AG
- Bruker
- AMETEK Inc.
- ACCRETECH GmbH
Competitive Landscape
Key players competing in the global form and surface measuring machines market are Zygo Corporation; Mitutoyo America Corporation; Mahr GmbH; Kosaka Laboratory Ltd.; KLA Corporation; KEYENCE CORPORATION; Carl Zeiss AG; Bruker; AMETEK Inc.; and ACCRETECH GmbH.
These companies incorporate several strategies for development, including production expansion, mergers, collaboration, product launches, acquisitions, and partnerships, to expand their consumer base globally. For instance,
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In March 2023, Mahr, one of the prominent market players, began the construction of a new logistics center for the purpose of expanding the business. The company is planning on bundling its entire Europe-based logistics in this new central warehouse.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Form and Surface Measuring Machines Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Form and Surface Measuring Machines Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Form and Surface Measuring Machines Market - Supply Chain
4.5. Global Form and Surface Measuring Machines Market Forecast
4.5.1. Form and Surface Measuring Machines Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Form and Surface Measuring Machines Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Form and Surface Measuring Machines Market Absolute $ Opportunity
5. Global Form and Surface Measuring Machines Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Form and Surface Measuring Machines Market Size and Volume Forecast by Types
5.3.1. Non-Contact Contour & Surface Measuring
5.3.2. Contact Contour & Surface Measuring
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Form and Surface Measuring Machines Market Analysis and Forecast by Applications
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Applications
6.2.2. Y-o-Y Growth Projections by Applications
6.3. Form and Surface Measuring Machines Market Size and Volume Forecast by Applications
6.3.1. Mechanical Products
6.3.2. Automotive
6.3.3. Electronic Products
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Applications
6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Form and Surface Measuring Machines Market Analysis and Forecast by Region
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Region
7.2.2. Y-o-Y Growth Projections by Region
7.3. Form and Surface Measuring Machines Market Size and Volume Forecast by Region
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Absolute $ Opportunity Assessment by Region
7.5. Market Attractiveness/Growth Potential Analysis by Region
7.6. Global Form and Surface Measuring Machines Demand Share Forecast, 2019-2026
8. North America Form and Surface Measuring Machines Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.2. North America Form and Surface Measuring Machines Market Size and Volume Forecast by Country
8.2.1. U.S.
8.2.2. Canada
8.3. Absolute $ Opportunity Assessment by Country
8.4. North America Form and Surface Measuring Machines Market Size and Volume Forecast by Types
8.4.1. Non-Contact Contour & Surface Measuring
8.4.2. Contact Contour & Surface Measuring
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. North America Form and Surface Measuring Machines Market Size and Volume Forecast by Applications
8.7.1. Mechanical Products
8.7.2. Automotive
8.7.3. Electronic Products
8.7.4. Others
8.8. Basis Point Share (BPS) Analysis by Applications
8.9. Y-o-Y Growth Projections by Applications
8.10. Market Attractiveness/Growth Potential Analysis
8.10.1. By Country
8.10.2. By Product Type
8.10.3. By Application
8.11. North America Form and Surface Measuring Machines Demand Share Forecast, 2019-2026
9. Latin America Form and Surface Measuring Machines Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Latin America Average Pricing Analysis
9.2. Latin America Form and Surface Measuring Machines Market Size and Volume Forecast by Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Absolute $ Opportunity Assessment by Country
9.4. Latin America Form and Surface Measuring Machines Market Size and Volume Forecast by Types
9.4.1. Non-Contact Contour & Surface Measuring
9.4.2. Contact Contour & Surface Measuring
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Latin America Form and Surface Measuring Machines Market Size and Volume Forecast by Applications
9.7.1. Mechanical Products
9.7.2. Automotive
9.7.3. Electronic Products
9.7.4. Others
9.8. Basis Point Share (BPS) Analysis by Applications
9.9. Y-o-Y Growth Projections by Applications
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.11. Latin America Form and Surface Measuring Machines Demand Share Forecast, 2019-2026
10. Europe Form and Surface Measuring Machines Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Europe Average Pricing Analysis
10.2. Europe Form and Surface Measuring Machines Market Size and Volume Forecast by Country
10.2.1. Germany
10.2.2. France
10.2.3. Italy
10.2.4. U.K.
10.2.5. Spain
10.2.6. Russia
10.2.7. Rest of Europe
10.3. Absolute $ Opportunity Assessment by Country
10.4. Europe Form and Surface Measuring Machines Market Size and Volume Forecast by Types
10.4.1. Non-Contact Contour & Surface Measuring
10.4.2. Contact Contour & Surface Measuring
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Europe Form and Surface Measuring Machines Market Size and Volume Forecast by Applications
10.7.1. Mechanical Products
10.7.2. Automotive
10.7.3. Electronic Products
10.7.4. Others
10.8. Basis Point Share (BPS) Analysis by Applications
10.9. Y-o-Y Growth Projections by Applications
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.11. Europe Form and Surface Measuring Machines Demand Share Forecast, 2019-2026
11. Asia Pacific Form and Surface Measuring Machines Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Asia Pacific Average Pricing Analysis
11.2. Asia Pacific Form and Surface Measuring Machines Market Size and Volume Forecast by Country
11.2.1. China
11.2.2. Japan
11.2.3. South Korea
11.2.4. India
11.2.5. Australia
11.2.6. Rest of Asia Pacific (APAC)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Asia Pacific Form and Surface Measuring Machines Market Size and Volume Forecast by Types
11.4.1. Non-Contact Contour & Surface Measuring
11.4.2. Contact Contour & Surface Measuring
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Asia Pacific Form and Surface Measuring Machines Market Size and Volume Forecast by Applications
11.7.1. Mechanical Products
11.7.2. Automotive
11.7.3. Electronic Products
11.7.4. Others
11.8. Basis Point Share (BPS) Analysis by Applications
11.9. Y-o-Y Growth Projections by Applications
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.11. Asia Pacific Form and Surface Measuring Machines Demand Share Forecast, 2019-2026
12. Middle East & Africa Form and Surface Measuring Machines Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Middle East & Africa Average Pricing Analysis
12.2. Middle East & Africa Form and Surface Measuring Machines Market Size and Volume Forecast by Country
12.2.1. Saudi Arabia
12.2.2. South Africa
12.2.3. UAE
12.2.4. Rest of Middle East & Africa (MEA)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Middle East & Africa Form and Surface Measuring Machines Market Size and Volume Forecast by Types
12.4.1. Non-Contact Contour & Surface Measuring
12.4.2. Contact Contour & Surface Measuring
12.5. Basis Point Share (BPS) Analysis by Types
12.6. Y-o-Y Growth Projections by Types
12.7. Middle East & Africa Form and Surface Measuring Machines Market Size and Volume Forecast by Applications
12.7.1. Mechanical Products
12.7.2. Automotive
12.7.3. Electronic Products
12.7.4. Others
12.8. Basis Point Share (BPS) Analysis by Applications
12.9. Y-o-Y Growth Projections by Applications
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.11. Middle East & Africa Form and Surface Measuring Machines Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global Form and Surface Measuring Machines Market: Market Share Analysis
13.2. Form and Surface Measuring Machines Distributors and Customers
13.3. Form and Surface Measuring Machines Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1. Zygo Corporation
13.4.2. Mitutoyo America Corporation
13.4.3. Mahr GmbH
13.4.4. Kosaka Laboratory Ltd.
13.4.5. KLA Corporation
13.4.6. KEYENCE CORPORATION
13.4.7. Carl Zeiss AG
13.4.8. Bruker
13.4.9. AMETEK Inc.
13.4.10. ACCRETECH GmbH
Methodology
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