Coordinate Measuring Machine Market Share

APAC Market Forecast

Coordinate measuring machine market in Asia Pacific, amongst the market in all the other regions, is anticipated to hold the largest with a share of about 38% by the end of 2037. The growing manufacturing industry such as electronics and heavy machinery in the region, will lead to increased demand for CMMs, as manufacturers seek to improve the accuracy and precision of their products. Observations indicate that China's manufacturing output in 2021 increased by 27% from that of 2020, reaching USD 4,866 billion.

Moreover, with more auto parts manufacturers in the region, especially in India, China, and Japan, automotive companies are investing heavily in automation technologies to reduce production costs and increase productivity.

North American Market Statistics

The North American coordinate measuring machine market is estimated to be the second largest, registering a share of about 32% by the end of 2037 attributed majorly to the growing demand for automation and integration of industrial production processes in the automotive and aerospace industries. As more companies in the region are looking to increase their production capacities and reduce labor costs, the demand for coordinate measuring machines is expected to increase.

In addition, technological advancements in the field of machine vision and 3D imaging have increased accuracy and speed, allowing for more accurate quality control and faster feedback, both of which are essential for modern production.