Global Metrology Services Market 2019-2023

Global Metrology Services Market 2019-2023

About this market

Inability of traditional measurement products to analyze complex geometries will be a key factor driving the global metrology services market. Metrology tools need to be integrated into manufacturing processes to ensure their availability on the factory floor, thus driving the demand for the metrology service providers and leading to market growth. OEMs need to have extensive control over the manufacturing process as well as the expertise to precisely measure components using modern metrology tools. Technavio’ s analysts have predicted that metrology services market will register a CAGR of almost 7% by 2023.

Market Overview

Growing adherence to global quality standards

The global manufacturing sector is focused on reducing the number of defects to stay competitive and increase profitability. This is possible by complying with global quality standards which aims at measuring different metrological dimensions of the product after every value addition activity.

Inadequate number of service providers that offer comprehensive metrology services

Only a few metrology service providers offer comprehensive services, including everything from comparing a manufactured part or tool with its CAD model. When OEMs develop in house expertise of measurement, they tend to avail the services of metrology service providers less frequently.

For the detailed list of factors that will drive and challenge the growth of the metrology services market during the 2019-2023, view our report.

Competitive Landscape

The market appears to be moderately fragmented and with the presence of several companies. Factors such as the growing adherence to global quality standards and inability of traditional measurement products to analyze complex geometries, will provide considerable growth opportunities to metrology services manufactures. Huf Hülsbeck & Fürst, Johnson Electric, Spark Minda, STRATTEC SECURITY, TOKAIRIKA, and Valeo are some of the major companies covered in this report.


Press Release

Technavio Announces the Publication of its Research Report – Global Metrology Services Market 2019-2023

Technavio recognizes the following companies as the key players in the global metrology services market: FARO Technologies Inc., HEXAGON, Mitutoyo Corp., Nikon Corp., TRESCAL SA, and ZEISS International

.Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the shrinking lifecycle of consumer and industrial products.”

According to the report, one of the major drivers for this market is the growing adherence to global quality standards.

Further, the report states that one of the major factors hindering the growth of this market is the inadequate number of service providers that offer comprehensive metrology services.

Companies Mentioned

FARO Technologies Inc.
HEXAGON
Mitutoyo Corp.
Nikon Corp.
TRESCAL SA
ZEISS International

  • Executive summary
  • Scope of the report
    • Preface
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global test and measurement equipment market
      • Table Segments of global test and measurement equipment market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 ($ millions)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by application
    • Table Application - Market share 2018-2023 (%)
    • Comparison by application
      • Table Comparison by application
    • Heavy equipment - Market size and forecast 2018-2023
      • Table Heavy equipment - Market size and forecast 2018-2023 ($ millions)
      • Table Heavy equipment - Year-over-year growth 2019-2023 (%)
    • Automotive - Market size and forecast 2018-2023
      • Table Automotive - Market size and forecast 2018-2023 ($ millions)
      • Table Automotive - Year-over-year growth 2019-2023 (%)
    • Aerospace and defense - Market size and forecast 2018-2023
      • Table Aerospace and defense - Market size and forecast 2018-2023 ($ millions)
      • Table Aerospace and defense - Year-over-year growth 2019-2023 (%)
    • Others - Market size and forecast 2018-2023
      • Table Others - Market size and forecast 2018-2023 ($ millions)
      • Table Others - Year-over-year growth 2019-2023 (%)
    • Market opportunity by application
      • Table Market opportunity by application
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • Europe - Market size and forecast 2018-2023
      • Table Europe - Market size and forecast 2018-2023 ($ millions)
      • Table Europe - Year-over-year growth 2019-2023 (%)
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 ($ millions)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • North America - Market size and forecast 2018-2023
      • Table North America - Market size and forecast 2018-2023 ($ millions)
      • Table North America - Year-over-year growth 2019-2023 (%)
    • South America - Market size and forecast 2018-2023
      • Table South America - Market size and forecast 2018-2023 ($ millions)
      • Table South America - Year-over-year growth 2019-2023 (%)
    • MEA - Market size and forecast 2018-2023
      • Table MEA - Market size and forecast 2018-2023 ($ millions)
      • Table MEA - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
    • Shrinking lifecycle of consumer and industrial products
    • Increasing number of M&A in the market
    • Emerging applications of metrology services in additive manufacturing
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • FARO Technologies Inc.
      • Table FARO Technologies Inc. - Vendor overview
      • Table FARO Technologies Inc. - Business segments
      • Table FARO Technologies Inc. - Organizational developments
      • Table FARO Technologies Inc. - Geographic focus
      • Table FARO Technologies Inc. - Segment focus
      • Table FARO Technologies Inc. - Key offerings
    • HEXAGON
      • Table HEXAGON - Vendor overview
      • Table HEXAGON - Business segments
      • Table HEXAGON - Organizational developments
      • Table HEXAGON - Geographic focus
      • Table HEXAGON - Segment focus
      • Table HEXAGON - Key offerings
    • Mitutoyo Corp.
      • Table Mitutoyo Corp. - Vendor overview
      • Table Mitutoyo Corp. - Organizational developments
      • Table Mitutoyo Corp. - Key offerings
    • Nikon Corp.
      • Table Nikon Corp. - Vendor overview
      • Table Nikon Corp. - Business segments
      • Table Nikon Corp. - Organizational developments
      • Table Nikon Corp. - Geographic focus
      • Table Nikon Corp. - Segment focus
      • Table Nikon Corp. - Key offerings
    • TRESCAL SA
      • Table TRESCAL SA - Vendor overview
      • Table TRESCAL SA - Organizational developments
      • Table TRESCAL SA - Key offerings
    • ZEISS International
      • Table ZEISS International - Vendor overview
      • Table ZEISS International - Business segments
      • Table ZEISS International - Organizational developments
      • Table ZEISS International - Geographic focus
      • Table ZEISS International - Segment focus
      • Table ZEISS International - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
  • Explore Technavio

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