In a recent research report titled, “Global Coordinate Measuring Machines (CMM) Industry Chain Research Report 2019”, QY Research has presented a broad overview of the elements and dynamics present in the market. The increase in technological advancements has fuelled various industries like shipbuilding, aerospace, automotive, heavy machinery, and, others, which has boosted the demand for the coordinate measuring machines (CMM).
Ability to Deliver Higher Precision in Manufacturing Spikes Demand for CMM Across Globe
Coordinate measuring machine (CMM) is majorly used for reverse engineering application. These machines are increasingly being adopted in shipbuilding, aerospace, automotive, heavy machinery, and, other. Its growing adoption in industries is due to advance technologies which help manufacturers to measure physical geometric characteristic of their products such as dimensional measurements. These machines are preferred by manufacturers due to their attributes such as faster product analysis, higher precision, and the ability to make changes in original products. These are used across various stages of production such as development, design, testing, and reverse engineering. These are various factors driving the global coordinate measuring machine (CMM) market.
Automotive Segment to Lead Global Coordinate Measuring Machines Market
The coordinate measuring machine (CMM) market is split into product and end users. The product type includes bridge machine, horizontal machine, articulated-arm machines, and others. The end users in the market includes machinery manufacturing, automotive, electronics, aerospace and defence, and other industries. The defence and aerospace industry requires high accuracy range from coordinate measurement machines, creating opportunities for the growth of the CMM industry globally. Other than this, the automobile industry is also expected to contribute majorly towards the market growth as CMM helps with the identification of form, dimension, and location to ensure mechatronic performance and mechanical quality of the vehicle.
Asia Pacific to Hold Largest Share in Global Coordinate Measuring Machines Industry
Fast growing economy and export oriented manufacturing are driving the market in Asia Pacific. There is also an expectation of an increase in the market growth as there is demand from defence and automotive industries. China and South Korea are expected to hold most of the shares. The aerospace industry in North America holds a very competitive market in CMM industry.
Companies like Hexagon, Zeiss, Mitutoyo, Nikon, Coord3, AEH, Wenzel, Leader Metrology,Tokyo Seimitsu, Mahr, Aberlink, Werth, and Helmel are currently the global leaders in the CMM industry To keep their position in the market they have been developing various strategies. The coordinate measuring machine market is evolving due to increased investment in R&D for technological development.
The report has analysed different levels at which market is evolving and is expected to grow. This will help the reader to understand not just market dynamics but also have a comprehensive understanding of the overall market and its trajectory.