Bore Gauge Market by Type, Application - Global Forecast 2024-2030

List of Tables

[182 Pages Report] The Bore Gauge Market size was estimated at USD 756.31 million in 2023 and expected to reach USD 814.55 million in 2024, at a CAGR 8.15% to reach USD 1,309.06 million by 2030.

A bore gauge is a precision measurement tool utilize to accurately measure the internal diameter of holes, cylinders, or pipes. This instrument allows for determining the bore size, detecting any irregularities or deviations from specified dimensions, and ensuring the quality of the bore's roundness and straightness. Bore gauges come in various forms, including telescoping gauges, internal micrometers, and electronic or dial indicators used with setting rings or master calibration cylinders for initial calibration. The choice of bore gauge depends on the specific accuracy requirements, the size of the bore being measured, and the environment in which the measurement occurs. This tool is indispensable in manufacturing environments where precision is paramount, such as automotive, aerospace, and machining. The expanding automotive industry, coupled with the demand for high-performance engines and the increasing need to maintain accurate measurements in engine manufacturing and rebuilding processes, drives the demand for bore gauges. However, the concerns associated with noise levels and non-combustible material of bore gauge are a challenge for expanding the bore gauge market. Continuous technological advances to improve the fire-resistance and acoustic performance of bore gauges offer lucrative opportunities for bore gauge market expansion.

KEY MARKET STATISTICS
Base Year [2023]	USD 756.31 million
Estimated Year [2024]	USD 814.55 million
Forecast Year [2030]	USD 1,309.06 million
CAGR (%)	8.15%

Regional Insights

In the Americas, the demand for bore gauges is closely tied to the thriving automotive, aerospace, and defense manufacturing sectors, which require precise machining, stringent quality control, and the presence of major manufacturing players. Asia-Pacific region is experiencing a surge in its bore gauge market, propelled by the expansion of its automotive and electronics manufacturing industries, with China, Japan, South Korea, and India at the forefront. The growth of the bore gauges market in the Asia-Pacific region is supported by increased manufacturing facilities and government efforts to boost industrial development, emphasizing the requirement for precision tools to enhance quality and efficiency. In the EMEA region, aerospace sectors drive a strong demand for bore gauges, aligning with the region's commitment to precision and quality amid growing interests in renewable energy and manufacturing innovations. The Middle East and Africa are gradually embracing more sophisticated measuring technologies catalyzed by construction developments, marking a steady ascent in market growth across these regions.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Bore Gauge Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers
- Rising construction-related activities across nations
- Growing automotive industry coupled with the rise in demand for high-performance engines
- Increasing need for maintaining accurate measurements in engine manufacturing and rebuilding processes

Market Restraints
- High maintenance costs associated with bore gauge

Market Opportunities
- Continuous technological advances to improve the fire-resistance and acoustic performance of bore gauge
- Significant investment by governments and the private sector in construction activity

Market Challenges
- Concerns associated with noise levels and non-combustible material of bore gauge

Market Segmentation Analysis
- Type: Widening adoption of dial bore gauges owing to their high precision and reliability in critical measuring tasks
- Application: Increasing adoption of bore gauges in the construction sector for precision measurement and quality assurance in manufactured products

Market Disruption Analysis
Porter's Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Bore Gauge Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Bore Gauge Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Sunnen Products Company Acquires Partner Hommel Prazision

Sunnen Products Company completed the acquisition of Hommel Prazision, a provider of honing and deep hole drilling solutions in Germany, marking a significant extension of its over 70-year partnership. This alliance reinforces Sunnen's leadership in the metalworking industry's honing sector in Germany and complements its offerings with a comprehensive range of bore finishing and deep-hole drilling solutions, including machinery, tools, fluids, and gauges. [Published On: 2023-09-01]

Electronic Bore Gage Automates Bore Data Acquisition

Kamatics Corporation sought to increase productivity and profitability in their high-mix, low-volume operation by adopting digital gaging techniques and eliminating manual transcription errors associated with bore gage measurements. They collaborated with Sunnen and developed the Sunnen PGE-6000 Electronic Bore Gage, an advancement over the analog PG-800 model. This digital solution offers direct PC connectivity and internal data storage for seamless integration with statistical process control systems. [Published On: 2023-01-10]

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Bore Gauge Market. This critical assessment involves a thorough analysis of the organization's resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Bore Gauge Market, highlighting leading vendors and their innovative profiles. These include Alpa Srl, Baker Gauges India Pvt. Ltd., Bowers Group, Chand Company, Chicago Brand Industrial, DIATEST Hermann Koltgen GmbH, Diesella A/S, Dorsey Metrology International, Dwyer Instruments, LLC, Flexbar Machine Corporation, Galaxy High Technology Ltd., GROZ U.S.A., Hammond & Company Ltd., Hexagon Metrology Services Ltd., Mahr GmbH, Marposs S.p.A., Mercury Tool & Gauge Ltd., Mitutoyo Corporation, Motionics, Reid Supply, Sree Precitech Instruments, Starrett company, Sunnen Products Company, Teclock, and Willrich Precision Instruments.

Market Segmentation & Coverage

This research report categorizes the Bore Gauge Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type
- Dial Bore Gauges
- Small-Hole Gauge
- Telescopic Bore Gauge

Application
- Construction
- Machinery Manufacturing

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

Product Code: MRR-351BAD503474

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Rising construction-related activities across nations
  - 5.1.1.2. Growing automotive industry coupled with the rise in demand for high-performance engines
  - 5.1.1.3. Increasing need for maintaining accurate measurements in engine manufacturing and rebuilding processes
- 5.1.2. Restraints
  - 5.1.2.1. High maintenance costs associated with bore gauge
- 5.1.3. Opportunities
  - 5.1.3.1. Continuous technological advances to improve the fire-resistance and acoustic performance of bore gauge
  - 5.1.3.2. Significant investment by governments and the private sector in construction activity
- 5.1.4. Challenges
  - 5.1.4.1. Concerns associated with noise levels and non-combustible material of bore gauge
5.2. Market Segmentation Analysis
- 5.2.1. Type: Widening adoption of dial bore gauges owing to their high precision and reliability in critical measuring tasks
- 5.2.2. Application: Increasing adoption of bore gauges in the construction sector for precision measurement and quality assurance in manufactured products
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Bore Gauge Market, by Type

6.1. Introduction
6.2. Dial Bore Gauges
6.3. Small-Hole Gauge
6.4. Telescopic Bore Gauge

7. Bore Gauge Market, by Application

7.1. Introduction
7.2. Construction
7.3. Machinery Manufacturing

8. Americas Bore Gauge Market

8.1. Introduction
8.2. Argentina
8.3. Brazil
8.4. Canada
8.5. Mexico
8.6. United States

9. Asia-Pacific Bore Gauge Market

9.1. Introduction
9.2. Australia
9.3. China
9.4. India
9.5. Indonesia
9.6. Japan
9.7. Malaysia
9.8. Philippines
9.9. Singapore
9.10. South Korea
9.11. Taiwan
9.12. Thailand
9.13. Vietnam

10. Europe, Middle East & Africa Bore Gauge Market

10.1. Introduction
10.2. Denmark
10.3. Egypt
10.4. Finland
10.5. France
10.6. Germany
10.7. Israel
10.8. Italy
10.9. Netherlands
10.10. Nigeria
10.11. Norway
10.12. Poland
10.13. Qatar
10.14. Russia
10.15. Saudi Arabia
10.16. South Africa
10.17. Spain
10.18. Sweden
10.19. Switzerland
10.20. Turkey
10.21. United Arab Emirates
10.22. United Kingdom

11. Competitive Landscape

11.1. Market Share Analysis, 2023
11.2. FPNV Positioning Matrix, 2023
11.3. Competitive Scenario Analysis
- 11.3.1. Sunnen Products Company Acquires Partner Hommel Prazision
- 11.3.2. Electronic Bore Gage Automates Bore Data Acquisition
11.4. Strategy Analysis & Recommendation

12. Competitive Portfolio

12.1. Key Company Profiles
12.2. Key Product Portfolio