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Precision Measuring Tools Market Global Report 2026

Published Jan 27, 2026
Length 250 Pages
SKU # BRC20810168

Description

Precision Measuring Tools Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses precision measuring tools market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase
  • Gain a truly global perspective with the most comprehensive report available on this market covering 16 geographies.
  • Assess the impact of key macro factors such as geopolitical conflicts, trade policies and tariffs, inflation and interest rate fluctuations, and evolving regulatory landscapes.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on end user analysis.
  • Benchmark performance against key competitors based on market share, innovation, and brand strength.
  • Evaluate the total addressable market (TAM) and market attractiveness scoring to measure market potential.
  • Suitable for supporting your internal and external presentations with reliable high-quality data and analysis
  • Report will be updated with the latest data and delivered to you within 2-3 working days of order along with an Excel data sheet for easy data extraction and analysis.
  • All data from the report will also be delivered in an excel dashboard format.
Description:

Where is the largest and fastest growing market for precision measuring tools ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The precision measuring tools market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
  • The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
  • The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
  • The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
  • The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
  • The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
  • The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
  • The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
  • The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
  • Market segmentations break down the market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
  • Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
  • The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.
Scope

Markets Covered:1) By Type: Calipers; Micrometers; Gauges; Laser Measuring Tools; Temperature Measuring Instruments

2) By Technology: Manual Measuring Tools; Electronic Measuring Tools; Optical Measuring Tools; Laser Measurement Technology

3) By Distribution Channel: Online Sales; Offline Sales; Direct Sales

4) By Application: Construction; Manufacturing; Aerospace; Automotive; Electronics

5) By End-User: Industrial; Commercial; Research And Development; Other End-Users

Subsegments:

1) By Calipers: Vernier Calipers; Dial Calipers; Digital Calipers; Inside Calipers; Outside Calipers; Depth Calipers

2) By Micrometers: Outside Micrometers; Inside Micrometers; Depth Micrometers; Digital Micrometers; Thread Micrometers

3) By Gauges: Plug Gauges; Ring Gauges; Feeler Gauges; Bore Gauges; Limit Gauges

4) By Laser Measuring Tools: Laser Distance Meters; Laser Levels; Laser Scanners; Laser Rangefinders; Laser Alignment Tools

5) By Temperature Measuring Instruments: Thermometers; Thermocouples; Infrared Thermometers; Resistance Temperature Detectors; Temperature Data Loggers

Companies Mentioned: Mitutoyo Corporation; Keyence Corporation; Renishaw plc; Hexagon AB; Mahr GmbH; Heidenhain Corporation; Jenoptik AG; Tokyo Seimitsu Co. Ltd. (ACCRETECH); AMETEK Inc.; Carl Zeiss AG; Wenzel Group GmbH & Co. KG; Sylvac SA; Trimos SA; Automated Precision Inc.; KLA Corporation; Nikon Metrology NV; FARO Technologies Inc.; Hexagon Manufacturing Intelligence (Hexagon AB); Creaform Inc.; Marposs S.p.A.; Taylor Hobson Limited; GOM GmbH

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain.

Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time Series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Please Note: Report will be updated with the latest data and delivered to you within 2-3 working days of order.

Table of Contents

250 Pages
1. Executive Summary
1.1. Key Market Insights (2020-2035)
1.2. Visual Dashboard: Market Size, Growth Rate, Hotspots
1.3. Major Factors Driving the Market
1.4. Top Three Trends Shaping the Market
2. Precision Grinding Wheels Market Characteristics
2.1. Market Definition & Scope
2.2. Market Segmentations
2.3. Overview of Key Products and Services
2.4. Global Precision Grinding Wheels Market Attractiveness Scoring And Analysis
2.4.1. Overview of Market Attractiveness Framework
2.4.2. Quantitative Scoring Methodology
2.4.3. Factor-Wise Evaluation
Growth Potential Analysis, Competitive Dynamics Assessment, Strategic Fit Assessment And Risk Profile Evaluation
2.4.4. Market Attractiveness Scoring and Interpretation
2.4.5. Strategic Implications and Recommendations
3. Precision Grinding Wheels Market Supply Chain Analysis
3.1. Overview of the Supply Chain and Ecosystem
3.2. List Of Key Raw Materials, Resources & Suppliers
3.3. List Of Major Distributors and Channel Partners
3.4. List Of Major End Users
4. Global Precision Grinding Wheels Market Trends And Strategies
4.1. Key Technologies & Future Trends
4.1.1 Industry 4.0 & Intelligent Manufacturing
4.1.2 Autonomous Systems, Robotics & Smart Mobility
4.1.3 Digitalization, Cloud, Big Data & Cybersecurity
4.1.4 Electric Mobility & Transportation Electrification
4.1.5 Sustainability, Climate Tech & Circular Economy
4.2. Major Trends
4.2.1 Rising Demand For High-Precision Grinding Solutions
4.2.2 Growing Adoption Of Superabrasive Grinding Wheels
4.2.3 Increased Use In Automotive And Bearing Manufacturing
4.2.4 Expansion Of Customized Grinding Wheel Formulations
4.2.5 Focus On Longer Wheel Life And Consistent Surface Finish
5. Precision Grinding Wheels Market Analysis Of End Use Industries
5.1 Automotive Manufacturers
5.2 Bearing Manufacturers
5.3 Metal Fabrication Companies
5.4 Precision Machinery Manufacturers
5.5 Foundry Operators
6. Precision Grinding Wheels Market - Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics, Trade Wars and Tariffs, Supply Chain Impact from Tariff War & Trade Protectionism, And Covid And Recovery On The Market
7. Global Precision Grinding Wheels Strategic Analysis Framework, Current Market Size, Market Comparisons And Growth Rate Analysis
7.1. Global Precision Grinding Wheels PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)
7.2. Global Precision Grinding Wheels Market Size, Comparisons And Growth Rate Analysis
7.3. Global Precision Grinding Wheels Historic Market Size and Growth, 2020 - 2025, Value ($ Billion)
7.4. Global Precision Grinding Wheels Forecast Market Size and Growth, 2025 - 2030, 2035F, Value ($ Billion)
8. Global Precision Grinding Wheels Total Addressable Market (TAM) Analysis for the Market
8.1. Definition and Scope of Total Addressable Market (TAM)
8.2. Methodology and Assumptions
8.3. Global Total Addressable Market (TAM) Estimation
8.4. TAM vs. Current Market Size Analysis
8.5. Strategic Insights and Growth Opportunities from TAM Analysis
9. Precision Grinding Wheels Market Segmentation
9.1. Global Precision Grinding Wheels Market, Segmentation By Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
Cylindrical External Grinding, Internal Grinding, Surface Grinding, Centerless Grinding
9.2. Global Precision Grinding Wheels Market, Segmentation By Grain Size, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
Coarse, Medium, Fine, Very Fine
9.3. Global Precision Grinding Wheels Market, Segmentation By Material Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
Aluminum Oxide, Silicon Carbide, Diamond, Cubic Boron Nitride (CBN)
9.4. Global Precision Grinding Wheels Market, Segmentation By Application, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
Automotive Industry, Steel Industry, Bearing Industry, Other Applications
9.5. Global Precision Grinding Wheels Market, Segmentation By End-User Industry, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
Metal Fabrication, Precision Machinery, Foundry, Woodworking
9.6. Global Precision Grinding Wheels Market, Sub-Segmentation Of Cylindrical Grinding Wheels, By Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
External Cylindrical Grinding Wheels, Internal Cylindrical Grinding Wheels, Plunge Grinding Wheels, Traverse Grinding Wheels
9.7. Global Precision Grinding Wheels Market, Sub-Segmentation Of Internal Grinding Wheels, By Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
Small Diameter Internal Grinding Wheels, Mounted Grinding Wheels, Quill-Mounted Internal Grinding Wheels, Internal Grinding Wheels
9.8. Global Precision Grinding Wheels Market, Sub-Segmentation Of Surface Grinding Wheels, By Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
Horizontal Spindle Surface Grinding Wheels, Vertical Spindle Surface Grinding Wheels, Segmental Surface Grinding Wheels, Cup Wheels for Surface Grinding
9.9. Global Precision Grinding Wheels Market, Sub-Segmentation Of Centerless Grinding Wheels, By Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
Through-Feed Centerless Grinding Wheels, In-Feed (Plunge) Centerless Grinding Wheels, End-Feed Centerless Grinding Wheels
10. Precision Grinding Wheels Market Regional And Country Analysis
10.1. Global Precision Grinding Wheels Market, Split By Region, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
10.2. Global Precision Grinding Wheels Market, Split By Country, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
11. Asia-Pacific Precision Grinding Wheels Market
11.1. Asia-Pacific Precision Grinding Wheels Market Overview
Region Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
11.2. Asia-Pacific Precision Grinding Wheels Market, Segmentation By Type, Segmentation By Grain Size, Segmentation By Material Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
12. China Precision Grinding Wheels Market
12.1. China Precision Grinding Wheels Market Overview
Country Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
12.2. China Precision Grinding Wheels Market, Segmentation By Type, Segmentation By Grain Size, Segmentation By Material Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
13. India Precision Grinding Wheels Market
13.1. India Precision Grinding Wheels Market, Segmentation By Type, Segmentation By Grain Size, Segmentation By Material Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
14. Japan Precision Grinding Wheels Market
14.1. Japan Precision Grinding Wheels Market Overview
Country Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
14.2. Japan Precision Grinding Wheels Market, Segmentation By Type, Segmentation By Grain Size, Segmentation By Material Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
15. Australia Precision Grinding Wheels Market
15.1. Australia Precision Grinding Wheels Market, Segmentation By Type, Segmentation By Grain Size, Segmentation By Material Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
16. Indonesia Precision Grinding Wheels Market
16.1. Indonesia Precision Grinding Wheels Market, Segmentation By Type, Segmentation By Grain Size, Segmentation By Material Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
17. South Korea Precision Grinding Wheels Market
17.1. South Korea Precision Grinding Wheels Market Overview
Country Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
17.2. South Korea Precision Grinding Wheels Market, Segmentation By Type, Segmentation By Grain Size, Segmentation By Material Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
18. Taiwan Precision Grinding Wheels Market
18.1. Taiwan Precision Grinding Wheels Market Overview
Country Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
18.2. Taiwan Precision Grinding Wheels Market, Segmentation By Type, Segmentation By Grain Size, Segmentation By Material Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
19. South East Asia Precision Grinding Wheels Market
19.1. South East Asia Precision Grinding Wheels Market Overview
Region Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
19.2. South East Asia Precision Grinding Wheels Market, Segmentation By Type, Segmentation By Grain Size, Segmentation By Material Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
20. Western Europe Precision Grinding Wheels Market
20.1. Western Europe Precision Grinding Wheels Market Overview
Region Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
20.2. Western Europe Precision Grinding Wheels Market, Segmentation By Type, Segmentation By Grain Size, Segmentation By Material Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
21. UK Precision Grinding Wheels Market
21.1. UK Precision Grinding Wheels Market, Segmentation By Type, Segmentation By Grain Size, Segmentation By Material Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
22. Germany Precision Grinding Wheels Market
22.1. Germany Precision Grinding Wheels Market, Segmentation By Type, Segmentation By Grain Size, Segmentation By Material Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
23. France Precision Grinding Wheels Market
23.1. France Precision Grinding Wheels Market, Segmentation By Type, Segmentation By Grain Size, Segmentation By Material Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
24. Italy Precision Grinding Wheels Market
24.1. Italy Precision Grinding Wheels Market, Segmentation By Type, Segmentation By Grain Size, Segmentation By Material Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
25. Spain Precision Grinding Wheels Market
25.1. Spain Precision Grinding Wheels Market, Segmentation By Type, Segmentation By Grain Size, Segmentation By Material Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
26. Eastern Europe Precision Grinding Wheels Market
26.1. Eastern Europe Precision Grinding Wheels Market Overview
Region Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
26.2. Eastern Europe Precision Grinding Wheels Market, Segmentation By Type, Segmentation By Grain Size, Segmentation By Material Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
27. Russia Precision Grinding Wheels Market
27.1. Russia Precision Grinding Wheels Market, Segmentation By Type, Segmentation By Grain Size, Segmentation By Material Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
28. North America Precision Grinding Wheels Market
28.1. North America Precision Grinding Wheels Market Overview
Region Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
28.2. North America Precision Grinding Wheels Market, Segmentation By Type, Segmentation By Grain Size, Segmentation By Material Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
29. USA Precision Grinding Wheels Market
29.1. USA Precision Grinding Wheels Market Overview
Country Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
29.2. USA Precision Grinding Wheels Market, Segmentation By Type, Segmentation By Grain Size, Segmentation By Material Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
30. Canada Precision Grinding Wheels Market
30.1. Canada Precision Grinding Wheels Market Overview
Country Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
30.2. Canada Precision Grinding Wheels Market, Segmentation By Type, Segmentation By Grain Size, Segmentation By Material Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
31. South America Precision Grinding Wheels Market
31.1. South America Precision Grinding Wheels Market Overview
Region Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
31.2. South America Precision Grinding Wheels Market, Segmentation By Type, Segmentation By Grain Size, Segmentation By Material Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
32. Brazil Precision Grinding Wheels Market
32.1. Brazil Precision Grinding Wheels Market, Segmentation By Type, Segmentation By Grain Size, Segmentation By Material Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
33. Middle East Precision Grinding Wheels Market
33.1. Middle East Precision Grinding Wheels Market Overview
Region Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
33.2. Middle East Precision Grinding Wheels Market, Segmentation By Type, Segmentation By Grain Size, Segmentation By Material Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
34. Africa Precision Grinding Wheels Market
34.1. Africa Precision Grinding Wheels Market Overview
Region Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
34.2. Africa Precision Grinding Wheels Market, Segmentation By Type, Segmentation By Grain Size, Segmentation By Material Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
35. Precision Grinding Wheels Market Regulatory and Investment Landscape
36. Precision Grinding Wheels Market Competitive Landscape And Company Profiles
36.1. Precision Grinding Wheels Market Competitive Landscape And Market Share 2024
36.1.1. Top 10 Companies (Ranked by revenue/share)
36.2. Precision Grinding Wheels Market - Company Scoring Matrix
36.2.1. Market Revenues
36.2.2. Product Innovation Score
36.2.3. Brand Recognition
36.3. Precision Grinding Wheels Market Company Profiles
36.3.1. 3M Company Overview, Products and Services, Strategy and Financial Analysis
36.3.2. Tyrolit Schleifmittelwerke GmbH Overview, Products and Services, Strategy and Financial Analysis
36.3.3. Saint-Gobain Abrasives Inc. Overview, Products and Services, Strategy and Financial Analysis
36.3.4. Klingspor AG Overview, Products and Services, Strategy and Financial Analysis
36.3.5. Carborundum Universal Limited Overview, Products and Services, Strategy and Financial Analysis
37. Precision Grinding Wheels Market Other Major And Innovative Companies
Grindwell Norton Limited, Sak Abrasives Limited, Sterling Abrasives Limited, Hindustan Abrasives Limited, Wendt (India) Limited, August Rüggeberg GmbH & Co. KG, LACH DIAMANT GmbH, Winterthur Technology Group AG, Asahi Diamond Industrial Co., Ltd., Noritake Co., Limited, Shin-Etsu Abrasives Co., Ltd., Ehwa Diamond Industrial Co., Ltd., Super Abrasives Co., Ltd., Tokyo Diamond Tools Mfg. Co., Ltd., Resibon Abrasives Co., Ltd.
38. Global Precision Grinding Wheels Market Competitive Benchmarking And Dashboard
39. Key Mergers And Acquisitions In The Precision Grinding Wheels Market
40. Precision Grinding Wheels Market High Potential Countries, Segments and Strategies
40.1 Precision Grinding Wheels Market In 2030 - Countries Offering Most New Opportunities
40.2 Precision Grinding Wheels Market In 2030 - Segments Offering Most New Opportunities
40.3 Precision Grinding Wheels Market In 2030 - Growth Strategies
40.3.1 Market Trend Based Strategies
40.3.2 Competitor Strategies
41. Appendix
41.1. Abbreviations
41.2. Currencies
41.3. Historic And Forecast Inflation Rates
41.4. Research Inquiries
41.5. The Business Research Company
41.6. Copyright And Disclaimer
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