The form & surface measuring machines are further used in evaluating the waviness, roughness and contour profiles of the equipment. Increase in need of quality control from the end use industries associated to automotive, electronics etc. further surged the demand of form and surface measuring machines. The instruments used in these industries are at higher risk of failure as they require form and surface measuring machines at a regular interval, the product quality optimization, reducing of scrap or water generation during the manufacturing process. Some of the key benefits associated to form and surface measuring machines consist of the enhanced productivity, quality of components and performance associated to production process by the prominent factors attributed towards the market growth. The application of form & surface measuring machine is in end-use industries assisting in determining characteristics of the object of conformity assessment and examination of product design, process and product.
According to study, “Global Form and surface measuring machines Market to reach USD XX billion by 2026” the key companies operating in the global form and surface measuring machines market are KLA-Tencor, Accretech, Mitutoyo Corporation, Keyence Corporation, Mahr GmBH, Bruker Nano Surfaces, Carl Zeiss AG, Zygo Corporation, Taylor Hobson, Jenoptik AG. The global ductile iron pipes market is highly competitive with many players, across the globe. These players have started adopting the various strategies for expanding the global presence & increase in market shares. Some of the key strategies adopted by different key players manufacturing of new product developments by use of advanced material, mergers & acquisitions, and formation of strategic partnerships and collaborations in the forecast period.
Based on type, form and surface measuring machines market is segmented as contact contour & surface measuring machine and non-contact contour & surface measuring machine. Based on surface measuring machine type, market is segmented as stationary tester and mobile tester. Based on surface measuring machine products, market is segmented as 3D optical microscopes, stylus profilometers, atomic force microscopes, mechanical testers, and optical coordinate measurement machine. In addition, based on application, market is segmented as automotive, electronic products, mechanical products and others.
The form and surface measuring machines market is driven by growth in infrastructural activities, followed by supportive regulatory norm and rise in demand from end-use industries such as automotive and mechanical product manufacturing. However, lack of skilled workforce may impact the market. Moreover, growth in technological innovation is a key opportunity for market.
Based on geography, the European region is the leading region in global form and surface measuring machines market owing to presence of mechanical products and automotive manufacturers in the region. Whereas, the Asian-Pacific and North-American region is also anticipated to exhibit highest CAGR due to surge in electronics industry coupled with growth in automotive industry over the forecast period. In upcoming years, it is estimated that future of the global market will be optimistic as a result of rapid development in the electronics industry coupled with rapid development in industrial sector during the forecast period.
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Ankur Gupta, Head Marketing & Communications