Coordinate Measuring Machines Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024-2031

Description

Persistence Market Research has recently released a comprehensive report on the worldwide market for Coordinate Measuring Machines (CMMs). The report offers an in-depth evaluation of the crucial market dynamics, including drivers, trends, opportunities, and challenges, providing detailed insights into the market structure. This research publication presents exclusive data and statistics outlining the anticipated growth trajectory of the global CMM market from 2024 to 2031.

Key Insights:

Coordinate Measuring Machines Market Size (2024E): US$3.44 Bn
Projected Market Value (2031F): US$6.16 Bn
Global Market Growth Rate (CAGR 2024 to 2031): 8.9%

Coordinate Measuring Machines Market - Report Scope:

Coordinate Measuring Machines are vital tools in manufacturing industries for ensuring the accuracy of component dimensions. CMMs play a crucial role in quality control, providing precise measurements of an object's geometry by using a probe that touches various points on the object. They are widely utilized across sectors such as aerospace, automotive, electronics, and defense, offering manual, portable, and automated versions to meet different industry needs.

Market Growth Drivers:

The global CMM market is driven by several key factors, including the growing demand for precision engineering and quality control in manufacturing processes. Increasing investments in advanced manufacturing technologies and automation are further propelling the market. The rise of Industry 4.0 and smart factories, which emphasize the use of automated systems like CMMs to enhance efficiency and reduce human error, is a significant contributor to market expansion. Additionally, the growing use of CMMs in sectors such as automotive, aerospace, and medical device manufacturing is fueling demand.

Market Restraints:

Despite the favorable market outlook, the CMM market faces challenges, particularly related to the high cost of equipment and maintenance. CMMs require significant capital investment, which can be a barrier for small and medium-sized enterprises (SMEs). Additionally, the complexity of operating these machines may require skilled labor, leading to higher operational costs. Furthermore, economic downturns in key manufacturing industries could impact CMM demand.

Market Opportunities:

The CMM market presents significant opportunities for growth, driven by the adoption of advanced technologies such as non-contact measurement systems and multi-sensor capabilities. The rise of 3D printing and additive manufacturing, which require precise measurement solutions, is expected to create new market opportunities. Additionally, the increasing demand for miniaturized components in industries like electronics and medical devices will boost the need for high-precision measuring systems. Expanding markets in developing economies and the growing emphasis on quality control in production processes also present lucrative growth avenues.

Key Questions Answered in the Report:

What are the primary factors driving the growth of the CMM market globally?
Which types of CMMs are most preferred across various industries?
How are technological advancements influencing the competitive landscape of the CMM market?
Who are the leading players in the CMM market, and what strategies are they implementing to maintain their market positions?
What are the emerging trends and future prospects for the global CMM market?

Competitive Intelligence and Business Strategy:

Leading players in the global Coordinate Measuring Machines market, such as Hexagon AB, Zeiss Group, and Nikon Metrology, are focused on innovation and strategic alliances to stay competitive. These companies are investing in research and development to offer advanced solutions with improved precision and automation capabilities. Collaborations with industry partners and investments in software development for enhanced measurement accuracy and data analysis are key strategies employed by market leaders. The increasing emphasis on automated solutions, combined with global trends towards digitization, is expected to drive growth and shape the future of the CMM market.

Key Companies Profiled:

HEXAGON
FARO Technologies Inc.
Nikon Corporation
Keyence Corporation
ZEISS International
Mitutoyo America Corporation
CREAFORM
Applied Automation Technologies Inc.
Avon-Dynamic
Eley Metrology

Coordinate Measuring Machines Market Segmentation

By Type

Fixed
Bridge
Cantilever
Gantry

By Industry

Automotive
Electronics
Energy & Power
Medical

By Application

Reverse Engineering
Virtual Stimulation
Quality Control

By Region

North America
Latin America
Europe
South Asia & Oceania
East Asia
The Middle East & Africa

Product Code: PMRREP18091

1. Executive Summary

1.1. Global Coordinate Measuring Machines Market Snapshot, 2024-2031
1.2. Market Opportunity Assessment, 2024-2031, US$ Mn
1.3. Key Market Trends
1.4. Future Market Projections
1.5. Premium Market Insights
1.6. Industry Developments and Key Market Events
1.7. PMR Analysis and Recommendations

2. Market Overview

2.1. Market Scope and Definition
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Opportunity
- 2.2.4. Challenges
- 2.2.5. Key Trends
2.3. Macro-Economic Factors
- 2.3.1. Global Sectorial Outlook
- 2.3.2. Global GDP Growth Outlook
2.4. COVID-19 Impact Analysis
2.5. Forecast Factors - Relevance and Impact

3. Value Added Insights

3.1. Value Chain Analysis
3.2. Key Deals and Mergers
3.3. PESTLE Analysis
3.4. Porter's Five Force Analysis

4. Price Trend Analysis, 2019-2031

4.1. Key Highlights
4.2. Key Factors Impacting Prices
4.3. Pricing Analysis, By Type
4.4. Regional Prices and Type Preferences

5. Global Coordinate Measuring Machines Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

5.1. Key Highlights
- 5.1.1. Market Volume (Units) Projections
- 5.1.2. Market Size (US$ Bn) and Y-o-Y Growth
- 5.1.3. Absolute $ Opportunity
5.2. Market Size (US$ Bn) Analysis and Forecast
- 5.2.1. Historical Market Size (US$ Bn) Analysis, 2019-2023
- 5.2.2. Current Market Size (US$ Bn) Analysis and Forecast, 2024-2031
5.3. Global Coordinate Measuring Machines Market Outlook: Type
- 5.3.1. Introduction / Key Findings
- 5.3.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis, By Type, 2019-2023
- 5.3.3. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Type, 2024-2031
  - 5.3.3.1. Bridge
  - 5.3.3.2. Cantilever
  - 5.3.3.3. Gantry
  - 5.3.3.4. Articulated arm
  - 5.3.3.5. Portable
5.4. Market Attractiveness Analysis: Type
5.5. Global Coordinate Measuring Machines Market Outlook: Application
- 5.5.1. Introduction / Key Findings
- 5.5.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis, By Application, 2019-2023
- 5.5.3. Current Market Size (US$ Bn) Analysis and Volume (Units) Analysis and Forecast, By Application, 2024-2031
  - 5.5.3.1. Dimensional measurement
  - 5.5.3.2. Surface measurement
  - 5.5.3.3. Quality control & inspection
  - 5.5.3.4. Virtual simulation
  - 5.5.3.5. Reverse engineering
  - 5.5.3.6. Others
5.6. Market Attractiveness Analysis: Application
5.7. Global Coordinate Measuring Machines Market Outlook: End User
- 5.7.1. Introduction / Key Findings
- 5.7.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis, By End User, 2019-2023
- 5.7.3. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By End User, 2024-2031
  - 5.7.3.1. Process industry
  - 5.7.3.2. Automotive
  - 5.7.3.3. Aerospace & defense
  - 5.7.3.4. Energy & power
  - 5.7.3.5. Heavy machinery
  - 5.7.3.6. Others
5.8. Market Attractiveness Analysis: Application

6. Global Coordinate Measuring Machines Market Outlook: Region

6.1. Key Highlights
6.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis, By Region, 2019-2023
6.3. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Region, 2024-2031
- 6.3.1. North America
- 6.3.2. Europe
- 6.3.3. East Asia
- 6.3.4. South Asia and Oceania
- 6.3.5. Latin America
- 6.3.6. Middle East & Africa
6.4. Market Attractiveness Analysis: Region

7. North America Coordinate Measuring Machines Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

7.1. Key Highlights
7.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis, By Market, 2019-2023
- 7.2.1. By Country
- 7.2.2. By Type
- 7.2.3. By Application
- 7.2.4. By End User
7.3. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024-2031
- 7.3.1. U.S.
- 7.3.2. Canada
7.4. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Type, 2024-2031
- 7.4.1. Bridge
- 7.4.2. Cantilever
- 7.4.3. Gantry
- 7.4.4. Articulated arm
- 7.4.5. Portable
7.5. Current Market Size (US$ Bn) Analysis and Forecast, By Application, 2024-2031
- 7.5.1. Dimensional measurement
- 7.5.2. Surface measurement
- 7.5.3. Quality control & inspection
- 7.5.4. Virtual simulation
- 7.5.5. Reverse engineering
- 7.5.6. Others
7.6. Current Market Size (US$ Bn) Analysis and Forecast, By End User, 2024-2031
- 7.6.1. Process industry
- 7.6.2. Automotive
- 7.6.3. Aerospace & defense
- 7.6.4. Energy & power
- 7.6.5. Heavy machinery
- 7.6.6. Others
7.7. Market Attractiveness Analysis

8. Europe Coordinate Measuring Machines Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

8.1. Key Highlights
8.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis, By Market, 2019-2023
- 8.2.1. By Country
- 8.2.2. By Type
- 8.2.3. By Application
- 8.2.4. By End User
8.3. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024-2031
- 8.3.1. Germany
- 8.3.2. France
- 8.3.3. U.K.
- 8.3.4. Italy
- 8.3.5. Spain
- 8.3.6. Russia
- 8.3.7. Turkiye
- 8.3.8. Rest of Europe
8.4. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Type, 2024-2031
- 8.4.1. Bridge
- 8.4.2. Cantilever
- 8.4.3. Gantry
- 8.4.4. Articulated arm
- 8.4.5. Portable
8.5. Current Market Size (US$ Bn) Analysis and Forecast, By Application, 2024-2031
- 8.5.1. Dimensional measurement
- 8.5.2. Surface measurement
- 8.5.3. Quality control & inspection
- 8.5.4. Virtual simulation
- 8.5.5. Reverse engineering
- 8.5.6. Others
8.6. Current Market Size (US$ Bn) Analysis and Forecast, By End User, 2024-2031
- 8.6.1. Process industry
- 8.6.2. Automotive
- 8.6.3. Aerospace & defense
- 8.6.4. Energy & power
- 8.6.5. Heavy machinery
- 8.6.6. Others
8.7. Market Attractiveness Analysis

9. East Asia Coordinate Measuring Machines Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

9.1. Key Highlights
9.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis, By Market, 2019-2023
- 9.2.1. By Country
- 9.2.2. By Type
- 9.2.3. By Application
- 9.2.4. By End User
9.3. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024-2031
- 9.3.1. China
- 9.3.2. Japan
- 9.3.3. South Korea
9.4. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Type, 2024-2031
- 9.4.1. Bridge
- 9.4.2. Cantilever
- 9.4.3. Gantry
- 9.4.4. Articulated arm
- 9.4.5. Portable
9.5. Current Market Size (US$ Bn) Analysis and Forecast, By Application, 2024-2031
- 9.5.1. Dimensional measurement
- 9.5.2. Surface measurement
- 9.5.3. Quality control & inspection
- 9.5.4. Virtual simulation
- 9.5.5. Reverse engineering
- 9.5.6. Others
9.6. Current Market Size (US$ Bn) Analysis and Forecast, By End User, 2024-2031
- 9.6.1. Process industry
- 9.6.2. Automotive
- 9.6.3. Aerospace & defense
- 9.6.4. Energy & power
- 9.6.5. Heavy machinery
- 9.6.6. Others
9.7. Market Attractiveness Analysis

10. South Asia & Oceania Coordinate Measuring Machines Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

10.1. Key Highlights
10.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis, By Market, 2019-2023
- 10.2.1. By Country
- 10.2.2. By Type
- 10.2.3. By Application
- 10.2.4. By End User
10.3. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024-2031
- 10.3.1. India
- 10.3.2. Southeast Asia
- 10.3.3. ANZ
- 10.3.4. Rest of South Asia & Oceania
10.4. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Type, 2024-2031
- 10.4.1. Bridge
- 10.4.2. Cantilever
- 10.4.3. Gantry
- 10.4.4. Articulated arm
- 10.4.5. Portable
10.5. Current Market Size (US$ Bn) Analysis and Forecast, By Application, 2024-2031
- 10.5.1. Dimensional measurement
- 10.5.2. Surface measurement
- 10.5.3. Quality control & inspection
- 10.5.4. Virtual simulation
- 10.5.5. Reverse engineering
- 10.5.6. Others
10.6. Current Market Size (US$ Bn) Analysis and Forecast, By End User, 2024-2031
- 10.6.1. Process industry
- 10.6.2. Automotive
- 10.6.3. Aerospace & defense
- 10.6.4. Energy & power
- 10.6.5. Heavy machinery
- 10.6.6. Others
10.7. Market Attractiveness Analysis

11. Latin America Coordinate Measuring Machines Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

11.1. Key Highlights
11.2. Pricing Analysis
11.3. Historical Market Size (US$ Bn) and Volume (Units) Analysis, By Market, 2019-2023
- 11.3.1. By Country
- 11.3.2. By Type
- 11.3.3. By Application
- 11.3.4. By End User
11.4. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024-2031
- 11.4.1. Brazil
- 11.4.2. Mexico
- 11.4.3. Rest of Latin America
11.5. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Type, 2024-2031
- 11.5.1. Bridge
- 11.5.2. Cantilever
- 11.5.3. Gantry
- 11.5.4. Articulated arm
- 11.5.5. Portable
11.6. Current Market Size (US$ Bn) Analysis and Forecast, By Application, 2024-2031
- 11.6.1. Dimensional measurement
- 11.6.2. Surface measurement
- 11.6.3. Quality control & inspection
- 11.6.4. Virtual simulation
- 11.6.5. Reverse engineering
- 11.6.6. Others
11.7. Current Market Size (US$ Bn) Analysis and Forecast, By End User, 2024-2031
- 11.7.1. Process industry
- 11.7.2. Automotive
- 11.7.3. Aerospace & defense
- 11.7.4. Energy & power
- 11.7.5. Heavy machinery
- 11.7.6. Others
11.8. Market Attractiveness Analysis

12. Middle East & Africa Coordinate Measuring Machines Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

12.1. Key Highlights
12.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis, By Market, 2019-2023
- 12.2.1. By Country
- 12.2.2. By Type
- 12.2.3. By Application
- 12.2.4. By End User
12.3. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024-2031
- 12.3.1. GCC Countries
- 12.3.2. Egypt
- 12.3.3. South Africa
- 12.3.4. Northern Africa
- 12.3.5. Rest of Middle East & Africa
12.4. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Type, 2024-2031
- 12.4.1. Bridge
- 12.4.2. Cantilever
- 12.4.3. Gantry
- 12.4.4. Articulated arm
- 12.4.5. Portable
12.5. Current Market Size (US$ Bn) Analysis and Forecast, By Application, 2024-2031
- 12.5.1. Dimensional measurement
- 12.5.2. Surface measurement
- 12.5.3. Quality control & inspection
- 12.5.4. Virtual simulation
- 12.5.5. Reverse engineering
- 12.5.6. Others
12.6. Current Market Size (US$ Bn) Analysis and Forecast, By End User, 2024-2031
- 12.6.1. Process industry
- 12.6.2. Automotive
- 12.6.3. Aerospace & defense
- 12.6.4. Energy & power
- 12.6.5. Heavy machinery
- 12.6.6. Others
12.7. Market Attractiveness Analysis

13. Competition Landscape

13.1. Market Share Analysis, 2024
13.2. Market Structure
- 13.2.1. Competition Intensity Mapping By Market
- 13.2.2. Competition Dashboard
13.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
- 13.3.1. ABB Ltd.
  - 13.3.1.1. Overview
  - 13.3.1.2. Segments and Types
  - 13.3.1.3. Key Financials
  - 13.3.1.4. Market Developments
  - 13.3.1.5. Market Strategy
- 13.3.2. AMETEK Inc.
- 13.3.3. Emerson Electric Co.
- 13.3.4. Endress+Hauser Management AG
- 13.3.5. Honeywell International Inc.
- 13.3.6. Siemens AG
- 13.3.7. Taiwan Semiconductor Manufacturing Company Limited
- 13.3.8. TE Connectivity
- 13.3.9. Texas Instruments
- 13.3.10. Vega Grieshaber Kg

14. Appendix

14.1. Research Methodology
14.2. Research Assumptions
14.3. Acronyms and Abbreviations