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Coordinated Measuring Machines: Non-Contact Probing Technology to Uplift Global Sales
The market earned revenues of $1.43 billion in 2010 and is estimated to reach $1.79 billion in 2015 – Application-specific products will emphasize the need for CMM
New analysis from Frost & Sullivan, World Coordinated Measuring Machines Market, finds that the market earned revenues of $1.43 billion in 2010 and estimates this to reach $1.79 billion in 2015.
New opportunities have unfolded as built-up demand post-recession is unleashed to energize market prospects. There is a distinct shift in the usage of CMM from quality control to process control. The use of dimensional measurement by vendors to check the process involved has contributed to the growing utilization of CMMs in process control.
Manufacturers in this domain are rolling out application-
“For vendors in this space, the accent is on non-contact probing technology,”
In the aftermath of the recent economic crisis, the CMM market has become highly price sensitive. Vendors are under pressure to produce dramatic results, often while operating on shoe string budgets. The low-end and mid-range CMM segments, in particular, are witnessing high price pressure. Major CMM end users such as aerospace, automotive, and machine shops have gradually shifted from standardized production processes to custom jobs.
The automotive industry too has moved away from producing large quantities of identical engine blocks to a few thousand similar pieces, as the engine designs change every year and the vehicle models in the market have proliferated. Market participants find it challenging to keep in step with changing customer needs.
Slow replacement rates have also curbed market progression. Being robust, CMM equipment does not wear out as fast as other industrial products. Although some parts need to be replaced over time, there is often no need to buy a new machine for years. The average replacement rates for CMM can be higher than 10 to 15 years, thus affecting the sale of the new machines.
“To survive in this landscape, smaller regional suppliers must enhance awareness levels on their technologies and focus on offering better value propositions,”
If you are interested in more information on this study, please send an email to Anna Zanchi, Corporate Communications, at anna.zanchi@
World Coordinated Measuring Machines Market is part of the Test & Measurement Growth Partnership Service program, which also includes research in the following markets: World Metrology Software Market, World General Purpose Test Equipment Market Markets, World Oscilloscopes Markets, World Inline Metrology Market, and World Large Scale Metrology Market. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants.
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