AP NEWS
ADVERTISEMENT
Press release content from Business Wire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

New Coordinate Measuring Machine Market to Showcase at Par Growth Due to the COVID-19 Spread | Technavio

December 16, 2020 GMT

LONDON--(BUSINESS WIRE)--Dec 16, 2020--

The new coordinate measuring machine market research from Technavio indicates neutral growth in the short term as the business impact of COVID-19 spreads.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201216005121/en/

ADVERTISEMENT

Technavio has announced its latest market research report titled Global Coordinate Measuring Machine Market 2020-2024 (Graphic: Business Wire).

Get detailed insights on the COVID-19 pandemic crisis and recovery analysis of the coordinate measuring machine market.

Get FREE report sample within MINUTES

“One of the primary growth drivers for this market is the 3D inspection of products using CMM,” says a senior analyst for industrials at Technavio. Vendors should focus on growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments. As the markets recover Technavio expects the coordinate measuring machine market size to grow by USD 1.20 billion during the period 2020-2024.

Coordinate Measuring Machine Market Segment Highlights for 2020

  • The coordinate measuring machine market is expected to post a year-over-year growth rate of 5.43%.
  • Based on the product, the bridge segment saw maximum growth in 2019. Factors such as 3D inspection of products using CMM will increase the growth of the segment.
  • The market growth will be significant during the forecast period.

Regional Analysis

  • 38% of the growth will originate from the APAC region.
  • The rise in electric vehicle sales will significantly influence the coordinate measuring machine market’s growth in APAC.
  • China and Japan are the key markets for coordinate measuring machines in APAC. This report provides an accurate prediction of the contribution of all segments to the growth of the coordinate measuring machine market size.

ADVERTISEMENT

Click here to learn about report detailed analysis and insights on how you can leverage them to grow your business.

Related Reports on Industrials Include:

Global Machine Safeguarding Solutions Market - The machine safeguarding solutions market is segmented by product (switches, controllers, sensors, and others) and geography (Europe, North America, APAC, MEA, and South America). Click Here to Get an Exclusive Free Sample Report

Global Machine Tools Market - The machine tools market is segmented by end-user (automotive, industrial machinery, precision engineering, transportation, and others) and geography (APAC, Europe, MEA, North America, and South America). Click Here to Get an Exclusive Free Sample Report

Notes:

  • The coordinate measuring machine market size is expected to accelerate at a CAGR of over 7% during the forecast period.
  • The coordinate measuring machine market is segmented by product (Bridge, Articulated arm, Horizontal arm, and Gantry), end-user (Automotive, Aerospace, and Others), and geography (APAC, Europe, North America, South America, and MEA).
  • The market is fragmented due to the presence of many established vendors holding significant market share.
  • The research report offers information on several market vendors, including Carl Zeiss AG, FARO Technologies Inc., Hexagon AB, Keyence Corp., Mitutoyo Corp., Nikon Corp., Perceptron Inc., Quality Vision lnternational lnc., Tokyo Seimitsu Co. Ltd., and WENZEL Group GmbH & Co. KG.

Register for a free trial today to access 17,000+ market research reports using Technavio’s SUBSCRIPTION platform

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com:https://www.businesswire.com/news/home/20201216005121/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email:media@technavio.com

Website:www.technavio.com/

KEYWORD:

INDUSTRY KEYWORD: ELECTRONIC DESIGN AUTOMATION ENGINEERING AUTOMOTIVE MANUFACTURING TECHNOLOGY AEROSPACE MANUFACTURING OTHER MANUFACTURING

SOURCE: Technavio Research

Copyright Business Wire 2020.

PUB: 12/16/2020 03:00 AM/DISC: 12/16/2020 03:00 AM

http://www.businesswire.com/news/home/20201216005121/en