Feb 18, 2020   SOURCE: BusinessWire

Global Machine Tool Touch Probe Market (2019 to 2027) - CAGR of 3.8% Expected During the Forecast Period - ResearchAndMarkets.com

The "Global Machine Tool Touch Probe Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2019 To 2027" report has been added to ResearchAndMarkets.com's offering.

The global machine tool touch probe market is set to grow with a CAGR of 3.8% during the forecast period, starting from $550.3 Mn in 2018.

Market Insights

Globally, the manufacturing industry is experiencing a transmission based on the technological advancements and development of improved machinery. This is primarily driving the demand for machine tool touch probe in this sector. Additionally, the manufacturers are continuously seeking ways to increase workplace safety by reducing operational downtime and reduce cost. The use of a machine tool touch probe can result in enhanced productivity and increased safety. Hence, is resulting in increasing market size of machine tool touch probe across the globe.

With the emergence of digitization and automation, various industries such as construction, automotive, and manufacturing are using advanced technologies to verify the quality of the equipment and machinery used. This is increasing the adoption of machine tool touch probe in the end-use sectors.

Furthermore, continuous product innovation and advantages of touch probes such as robustness, size, reliability, and accuracy, and its capacity to quantify the complex 3D part geometries are also fueling the growth of this market.

Based on machine type, the CNC machining center held a dominant position in the global machine with a market share of over 50% in 2018. Increasing development in the end-use industry, increasing demand to maintain safety standards, and growing adoption of advanced machinery some factors driving the growth of this market segment.

Based on geography, in 2018 Europe led the global machine tool touch probe market with a market share of more than 35% of the overall revenue generated. Countries such as Germany and France are undergoing several developments that are fueling this market growth.

As Germany has a large number of automotive manufacturers and developing the manufacturing industry, the machine tool touch probe market in this region is expected to grow at a significant pace. However, emerging nations in Asia-Pacific are projected to witness the fastest growth during the forecast period.

Countries such as China, India, and South Korea are estimated to grow at a faster pace as they are considered to be a hub of the manufacturing industry based on low manufacturing cost and the presence of huge low-cost labor.

Key Topics Covered:

1 Preface

2 Executive Summary

2.1 Market Snapshot: Global Machine Tool Touch Probe Market

2.1.1 Global Machine Tool Touch Probe Market, by Type, 2017 (US$ Bn)

2.1.2 Global Machine Tool Touch Probe Market, by Transmission, 2017 (US$ Bn)

2.1.3 Global Machine Tool Touch Probe Market, by Machine Type, 2017 (US$ Bn)

2.1.4 Global Machine Tool Touch Probe Market, by End-user, 2017 (US$ Bn)

2.1.5 Global Machine Tool Touch Probe Market, by Geography, 2017 (US$ Bn)

3 Market Dynamics

3.1 Introduction

3.2 Market Dynamics

3.2.1 Market Drivers

3.2.2 Market Restraint

3.3 Attractive Investment Proposition, by Geography, 2017

3.4 Market Positioning of Key Machine Tool Touch Probe Vendors, 2017

4 Global Machine Tool Touch Probe Market, by Type

4.1 Overview

4.2 3D Touch Probe

4.3 2D Spindle Probes

4.4 Tool-length Measuring Probes

4.5 Tool Touch-off Probes

5 Global Machine Tool Touch Probe Market, by Transmission

5.1 Overview

5.2 Infrared

5.3 Radio

5.4 Hard Wired

6 Global Machine Tool Touch Probe Market, by Machine Type

6.1 Overview

6.1.1 Global Machine Tool Touch Probe Market Value Share, by Machine Type, 2019 & 2027 (Value, %)

6.2 CNC Machining Center

6.2.1 Global Machine Tool Touch Probe Market Value from CNC Machining Center Type, 2019 - 2027 (US$ Bn)

6.2.2 Vertical Machining Center

6.2.3 Horizontal Machining Center

6.3 CNC Turning Center

6.3.1 Global Machine Tool Touch Probe Market Value from CNC Turning Center, 2019 - 2027 (US$ Bn)

6.4 Others

6.4.1 Global Machine Tool Touch Probe Market Value from Other, 2019 - 2027 (US$ Bn)

7 Global Machine Tool Touch Probe Market, by End-user

8 North America Machine Tool Touch Probe Market Analysis, 2019 - 2027 (US$ Bn)

9 Europe Machine Tool Touch Probe Market Analysis, 2019 - 2027 (US$ Bn)

10 Asia Pacific Machine Tool Touch Probe Market Analysis, 2019 - 2027 (US$ Bn)

11 Rest of the World (RoW) Machine Tool Touch Probe Market Analysis, 2019 - 2027 (US$ Bn)

12 Company Profiles

12.1 Renishaw

12.2 Hexagon AB

12.3 Heidenhain

12.4 Marposs

12.5 ZEISS

12.6 Haff-Schneider

12.7 Blum-Novotest GmbH

12.8 Harbin Pioneer M&E Technical

12.9 OGP

12.10 Mahr GmbH

For more information about this report visit https://www.researchandmarkets.com/r/8tcxp4