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Global Coordinate Measuring Machine Market to Grow at a CAGR of 7.10% During the Period 2017-2021; Finds New Report

Market Research Reports, Inc. has announced the addition of “Global Coordinate Measuring Machine Market 2017 - 2021” research report to their website


Lewes, DE -- (SBWIRE) -- 03/17/2017 -- Report forecast the global CMM market to grow at a CAGR of 7.10% during the period 2017-2021.

The CMM market is a sub-segment of the metrology market; metrological equipment is used for measuring the dimensional, optical, electromagnetic, mechanical, optical radiation, thermodynamic, and time/frequency parameters of a product. It is used during the product development cycle to obtain accurate measurements and enhance the product quality during manufacture. Metrology equipment is classified into three types: coordinate measuring machines (CMMs), optical digitizers and scanners (ODS), and video measuring machines (VMMs).

The report covers the present scenario and the growth prospects of the global CMM market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of CMMs.

The market is divided into the following segments based on geography:
- Americas

According to the report, the global CMM market is witnessing an increase in its applications, especially those related to the inspection of components and parts. CMMs are the most preferred option for the 3D measurement of objects in the automotive, aerospace, shipbuilding, and other industries.

Further, the report states that another major challenge facing the global CMM market is the lack of qualified personnel to operate these machines. This is because of the economic downturn and the offshoring of manufacturing processes to emerging economies, which has resulted in the scaling down of operations and the loss of skilled labor. These factors also affect the businesses and profit margins of many organizations, which leads to less number of young people opting to undergo industrial training. In addition, organizations are providing generic training while overlooking technical expertise, which is hampering the adoption of CMMs and affecting market growth negatively.

Global CMM Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the global CMM market: Carl Zeiss, FARO Technologies, Hexagon Metrology, Mitutoyo, and Nikon Metrology

Other Prominent Vendors in the market are: COORD3, DUKIN, International Metrology Systems, Metronor, TRIMEK, and WENZEL

Market driver
- 3D inspection of products using CMM
- For a full, detailed list, view our report

Market challenge
- Availability of wide variety makes choice difficult for end-users
- For a full, detailed list, view our report

Market trend
- Incorporation of new vision and image recognition technology
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 84 pages and 49 Exhibits "Global Coordinate Measuring Machine Market 2017 - 2021" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by product, Market segmentation by end-user, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.

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