The Business Research Company’s report on the Coordinate Measuring Machine Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
Which emerging drivers are set to accelerate the growth of the coordinate measuring machine market further?
The expansion of the automotive sector is expected to propel the growth of the coordinate measuring machine market during the forecast period. The automotive industry refers to all businesses and endeavors concerned with the production of motor vehicles, including the majority of their parts, such as bodywork and engines. CMMs are used in the automotive industry to measure suspension hard points for use in vehicle dynamics simulations. For instance, in February 2024, according to the Department of Infrastructure, Transport, Regional Development, Communications, and the Arts, an Australia-based government department for delivering Australian government policy and programs, as of January 31, in 2022, there were 20.7 million registered motor vehicles, marking a 2% increase from January 2021. Battery electric vehicles (BEVs) totaled about 40,000, showing a 100% increase from 2021, with 34,200 being passenger cars in 2022, up by 118% from 2021. Hybrid-electric vehicles (HEVs) numbered approximately 277,000 in 2022, reflecting a 35% increase from 2021. Therefore, the expansion of the automotive sector will propel the growth of the coordinate measuring machine market.
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What are the key factors influencing the forecasted market size of the coordinate measuring machine industry?
The coordinate measuring machine market size has grown strongly in recent years. It will grow from $3.73 billion in 2024 to $4.08 billion in 2025 at a compound annual growth rate (CAGR) of 9.4%. The growth in the historic period can be attributed to growth in automotive sector, rise in automation, rise in emphasis on sustainable manufacturing, shortened product development cycles, industrialization.
The coordinate measuring machine market size is expected to see strong growth in the next few years. It will grow to $5.97 billion in 2029 at a compound annual growth rate (CAGR) of 10.0%. The growth in the forecast period can be attributed to rising aerospace industry, growing medical sector, industry 4.0 and smart manufacturing adoption, rising demand for high-quality goods.. Major trends in the forecast period include non-contact metrology, 3D scanning and digitization, shop-floor cmms, multi-sensor cmms, portable cmms.
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Who are the leading competitors in the coordinate measuring machine market?
Major companies operating in the coordinate measuring machine market include Carl Zeiss AG, Creaform Inc., Eley Metrology, FARO Technologies Inc., Hexagon AB, Keyence Corporation, Metronor AS, Mitutoyo Corporation, Nikon Metrology NV, Tokyo Seimitsu Co. Ltd., WENZEL Group GmbH & Co. KG, Aberlink Ltd., Accurate Gauging & Instruments Pvt Ltd, Dukin Co. Ltd., Applied Automation Technologies Inc., Dimensional Engineering, Sipcon Instrument Industries, Helmel Engineering Products Inc., International Metrology Systems, N. J. Metrology Inc., Optical Gaging Products Inc., Renishaw plc, TESA SA, Trimek S.A., Werth Inc., Zett Mess Technik GmbH, Automated Precision Inc.
Which emerging trends are set to transform the coordinate measuring machine market landscape?
The emergence of 3D measurement systems is a key trend gaining popularity in the coordinate measuring machine market. 3D measurement is a metrology process that collects 3D data from physical objects, such as their shapes, textures, geometries, and colors, using various types of 3D measurement tools, such as 3D scanners. For instance, in October 2022, SCANTECH, a France-based high-tech company that develops, manufactures, and sells high-tech 3D scanners, launched the TrackScan-P, an optical target-free 3D measurement system. The TrackScan-P has increased laser lines for enhanced scanning efficiency, upgraded high-resolution cameras, and advanced edge inspection. Using intelligent optical tracking measurement and high-resolution cameras, TrackScan-P can precisely measure parts without the use of reference targets. The optical 3D measurement system, which includes a portable 3D scanner and an optical tracker, is ideal for scanning large objects in 3D.
How do different geographies compare in terms of market share and growth potential in the coordinate measuring machine market?
Asia-Pacific was the largest region in the coordinate measuring machine market in 2024. The regions covered in the coordinate measuring machine market market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Which major segments of the coordinate measuring machine market are experiencing the fastest growth?
The coordinate measuring machine market covered in this report is segmented –
1) By Type: Fixed CMM, Portable CMM
2) By Application: Inspection, Reverse Engineering
3) By Industry: Automotive, Aerospace, Heavy Machinery, Energy and Power, Electronics, Medical, Other Industries
Subsegments:
1) By Fixed CMM: Bridge CMM, Gantry CMM, Horizontal Arm CMM, Optical CMM
2) By Portable CMM: Articulated Arm CMM, Laser Tracker CMM, Handheld CMM, 3D Laser Scanners
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How is the coordinate measuring machine market defined?
The coordinate measuring machine is used to measure the dimensions of machines and tool parts. A coordinate measuring machine (CMM) is an instrument that measures the geometry of real objects. It is commonly used to test a part or assembly to see if it adheres to the original design intent. The dimensions of manufactured components are checked using CMMs as part of workflows for quality assurance or quality control in order to prevent or address quality issues. The application of CMM over manual inspections or checks carried out with traditional metrology tools offers advantages in accuracy, rapidity, and a decreased risk of human mistakes.
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