Selbyville, DE -- (SBWIRE) -- 02/27/2019 -- A metal detector is an electronic instrument which detects the presence of metal nearby. Metal detectors are useful for finding metal inclusions hidden within objects, or metal objects buried underground. They often consist of a handheld unit with a sensor probe which can be swept over the ground or other objects. If the sensor comes near a piece of metal this is indicated by a changing tone in earphones, or a needle moving on an indicator. Usually the device gives some indication of distance; the closer the metal is, the higher the tone in the earphone or the higher the needle goes.

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According to this study, over the next five years the Metal Detector market will register a 5.0% CAGR in terms of revenue, the global market size will reach US$ 580 million by 2024, from US$ 440 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Metal Detector business

The key manufacturers covered in this report

Minelab
Bounty Hunter
Fisher
Garrett
Teknetics
Whites
Titan
OKM
Tesoro
Makro
Nokta
Treasure Cove
Big Sail
Viper

The major regions to produce Metal Detector are Asia-Pacific and North America, which accounting for more than 70% of production in total in 2015. North America is the largest production region (production share 45% in 2015), followed by Asia-Pacific.
According to our research and analysis, the leading five companies in the market occupies about 76% of the production value shares. Major manufacturers in the market are Minelab, Bounty Hunter, Fisher, Garrett, Teknetics.

Despite the presence of competition problems, due to the world security situation and the rise of archaeological exploration, investors are quite optimistic about this area; the future will still have more new investment enter the field.

Segmentation by product type

Very Low Frequency
Pulse Induction
Beat-frequency Oscillation

Segmentation by application

Military
Archaeology and Treasure Hunting
Leisure and Entertainment
Others

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

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Research objectives

To study and analyze the global Metal Detector consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.

To understand the structure of Metal Detector market by identifying its various subsegments.
Focuses on the key global Metal Detector manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.

To analyze the Metal Detector with respect to individual growth trends, future prospects, and their contribution to the total market.

To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).

To project the consumption of Metal Detector submarkets, with respect to key regions (along with their respective key countries).

To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

To strategically profile the key players and comprehensively analyze their growth strategies.

Table of Contents

1 Scope of the Report
1.1 Market Introduction
1.2 Research Objectives
1.3 Years Considered
1.4 Market Research Methodology
1.5 Economic Indicators
1.6 Currency Considered

2 Executive Summary
2.1 World Market Overview
2.1.1 Global Metal Detector Consumption 2014-2024
2.1.2 Metal Detector Consumption CAGR by Region
2.2 Metal Detector Segment by Type
2.2.1 Very Low Frequency
2.2.2 Pulse Induction
2.2.3 Beat-frequency Oscillation
2.3 Metal Detector Consumption by Type
2.3.1 Global Metal Detector Consumption Market Share by Type (2014-2019)
2.3.2 Global Metal Detector Revenue and Market Share by Type (2014-2019)
2.3.3 Global Metal Detector Sale Price by Type (2014-2019)
2.4 Metal Detector Segment by Application
2.4.1 Military
2.4.2 Archaeology and Treasure Hunting
2.4.3 Leisure and Entertainment
2.4.4 Others
2.5 Metal Detector Consumption by Application
2.5.1 Global Metal Detector Consumption Market Share by Application (2014-2019)
2.5.2 Global Metal Detector Value and Market Share by Application (2014-2019)
2.5.3 Global Metal Detector Sale Price by Application (2014-2019)

3 Global Metal Detector by Players
3.1 Global Metal Detector Sales Market Share by Players
3.1.1 Global Metal Detector Sales by Players (2017-2019)
3.1.2 Global Metal Detector Sales Market Share by Players (2017-2019)
3.2 Global Metal Detector Revenue Market Share by Players
3.2.1 Global Metal Detector Revenue by Players (2017-2019)
3.2.2 Global Metal Detector Revenue Market Share by Players (2017-2019)
3.3 Global Metal Detector Sale Price by Players
3.4 Global Metal Detector Manufacturing Base Distribution, Sales Area, Product Types by Players
3.4.1 Global Metal Detector Manufacturing Base Distribution and Sales Area by Players
3.4.2 Players Metal Detector Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) (2017-2019)
3.6 New Products and Potential Entrants
3.7 Mergers & Acquisitions, Expansion

4 Metal Detector by Regions
4.1 Metal Detector by Regions
4.1.1 Global Metal Detector Consumption by Regions
4.1.2 Global Metal Detector Value by Regions
4.2 Americas Metal Detector Consumption Growth
4.3 APAC Metal Detector Consumption Growth
4.4 Europe Metal Detector Consumption Growth
4.5 Middle East & Africa Metal Detector Consumption Growth

Complete report titled Global Metal Detector Market Growth 2019-2024 of 164 pages and published in February, 2019 is now available at https://www.marketstudyreport.com/reports/global-metal-detector-market-growth-2019-2024

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