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Global Portable CMM Growth Opportunities
Global Portable CMM Growth Opportunities
Increasing Preference for New Technology Expands the Need for Inline Measurement and Inspection
04-Feb-2022
Global
Description
This research analyzes the global trends in the portable CMM market. It has steadily grown, with demand predominantly coming from the automotive, machine shop, and aerospace industries. The disruption caused by the onset of COVID-19 resulted in contracted demand across these industries, and the economic uncertainty resulted in customers being cautious about capital expenditures and focusing on maintaining liquidity. Newer variants of the COVID-19 virus coupled with longer lead times and material shortages will continue to hamper industries during the short term.
The portable CMM market will see positive growth in 2021, driven mainly by the automotive and machine shop industries. The market for portable CMM is likely to return to pre-COVID levels in 2022 to 2023 as plant utilization levels slowly return to normalcy. With prosthetics and implants being low volume-high mix applications, demand for flexible inspection in this space is high. The market is segmented by product type, vertical market, and regional market. The study covers market share analysis of top competitors by product segments and discusses the prominent distribution channels used. Annual estimates and forecasts are provided for 2017 through 2025, and the geographical scope of the study includes North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW).
APAC is the fastest-growing region with growing industrialization in economies such as China and India. The market is usually approached through a combination of direct and indirect channels, and the global portable CMM market is estimated to reach $564 million by 2025.
Portable CMM includes articulated-arm and handheld CMMs, and articulated-arm CMM currently holds the major share of the market. This is expected to continue through the forecast period. Growing demand for shop floor measurements, especially in automotive applications, is expected to augment growth prospects for portable CMMs.
Author: Ram Ravi
Table of Contents
Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the Portable Coordinate Measuring Machine (CMM) Industry
Growth Opportunities Fuel the Growth Pipeline Engine™
Scope of Analysis
Segmentation
Key Competitors for Portable CMM Market
Revenue Forecast—Portable CMM Market
Trends and Opportunities—CMM Market
Closed-loop Manufacturing—Portable CMM Market
Growth Metrics for the Portable CMM Market
Distribution Channels for the Portable CMM Market
Growth Drivers for the Portable CMM Market
Growth Driver Analysis for the Portable CMM Market
Growth Driver Analysis for the Portable CMM Market (continued)
Growth Restraints for the Portable CMM Market
Growth Restraint Analysis for the Portable CMM Market
Growth Restraint Analysis for the Portable CMM Market (continued)
Forecast Assumptions—Portable CMM Market
Revenue Forecast—Portable CMM Market
Revenue Forecast by Product—Portable CMM Market
Revenue Forecast by Region—Portable CMM Market
Revenue Forecast by Industry Vertical—Portable CMM Market
Revenue Forecast Analysis—Portable CMM Market
Revenue Forecast Analysis by Region—Portable CMM Market
Revenue Forecast Analysis by Industry Vertical—Portable CMM Market
Pricing Trends and Forecast Analysis—Portable CMM Market
Competitive Environment—Portable CMM Market
Revenue Share—Portable CMM Market
Revenue Share Analysis—Portable CMM Market
Key Growth Metrics for Articulated-arm CMM
Revenue Forecast—Articulated-arm CMM
Percent Sales—Revenue and Units by Price Segment: Articulated-arm CMM
Revenue Forecast by Region—Articulated-arm CMM
Revenue Forecast by Industry Vertical—Articulated-arm CMM
Revenue Forecast Analysis—AACMM
Competitive Environment—Articulated-arm CMM
Revenue Share—Articulated-arm CMM
Product Examples—Articulated-arm CMM
Key Growth Metrics for Handheld CMM
Revenue Forecast—Handheld CMM
Percent Sales—Revenue and Units by Price Segment–Handheld CMM
Revenue Forecast by Region—Handheld CMM
Revenue Forecast by Industry Vertical—Handheld CMM
Revenue Forecast Analysis—Handheld CMM
Competitive Environment—Handheld CMM
Revenue Share—Handheld CMM
Product Examples—Handheld CMM
Growth Opportunity 1: Shop–floor Metrology for Ease of Operation and Flexibility
Growth Opportunity 1: Shop–floor Metrology for Ease of Operation and Flexibility (continued)
Growth Opportunity 2: Quality Inspection for Optimizing Efficiency of EV Powertrains and Electric Motors
Growth Opportunity 2: Quality Inspection for Optimizing Efficiency of EV Powertrains and Electric Motors (continued)
Growth Opportunity 3: Inspection of Additive Manufactured Parts
Growth Opportunity 3: Inspection of Additive Manufactured Parts (continued)
Your Next Steps
Why Frost, Why Now?
List of Exhibits
List of Exhibits (continued)
Legal Disclaimer
Popular Topics
| No Index | No |
|---|---|
| Podcast | No |
| Predecessor | NA |
| Author | Ram Ravi |
| Industries | Test and Measurement Instrumentation |
| WIP Number | K6B4-01-00-00-00 |
| Keyword 1 | Coordinate Measuring Machine (CMM) Market |
| Keyword 2 | Portable CMM Market |
| Keyword 3 | CMM Market |
| Is Prebook | No |
| GPS Codes | 9404-A5,9594,9426,9593 |