Base Year
Historical Year
Forecast Year
The global machine tool touch probe market to reach a value of USD 648.60 million in 2023. The market is expected to grow at a CAGR of 3.5% in the forecast period of 2024-2032 to attain a value of USD 885.06 million by 2032.
| Global Machine Tool Touch Probe Market Report Summary | Description | Value |
| Base Year | USD Million | 2023 |
| Historical Period | USD Million | 2018-2023 |
| Forecast Period | USD Million | 2024-2032 |
| Market Size 2023 | USD Million | 648.60 |
| Market Size 2032 | USD Million | 885.06 |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 3.5% |
| CAGR 2024-2032 - Market by Region | Asia Pacific | 4.1% |
| CAGR 2024-2032 - Market by Country | Brazil | 4.1% |
| CAGR 2024-2032 - Market by Country | Mexico | 3.3% |
| CAGR 2024-2032 - Market by Axes Measurement | 5-Axis Touch Probes | 3.9% |
| CAGR 2024-2032 - Market by End Use | Automotive | 4.0% |
| Market Share by Country 2023 | Australia | 2.3% |
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
The market for machine tool touch probe is being driven by the vigorous competition among the key players as well as a healthy competitive platform for new entrants within this industry. The rising demand for advanced technology for the production of machine tools has enhanced the market for machine tool touch probe. The machine tool touch probe industry is being aided by the rising demand for quality verification of the machine parts in the manufacturing process. The product allows the easy verification of the quality of the machine parts and assists in measuring the dimension of workpieces more precisely. The use of machine tool touch probe helps players in the automotive industry beat critical challenges related to the quality and safety of the manufactured automotive parts.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Machine tool touch probe ensures the precise measure of the workpiece dimensions. It is connected with sensors that allow them to be carefully operated within the industry space.
On the basis of offering, the market is divided into:
Based on transmission, the industry can be segmented into:
By probe type, the market is segregated into:
On the basis of measuring technologies, the market is divided into:
By machine type, the market is categorised into:
Based on axes measurement, the industry is divided into:
| CAGR 2024-2032 - Market by | Axes Measurement |
| 5-Axis Touch Probes | 3.9% |
| 3-Axis Touch Probes | XX% |
On the basis of end-use, the industry is categorised into:
| CAGR 2024-2032 - Market by | End Use |
| Automotive | 4.0% |
| Defense & Aerospace | 3.7% |
| Medical | 3.6% |
| Electronic | XX% |
| General Machining | XX% |
| Petrochemical | XX% |
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
| CAGR 2024-2032 - Market by | Region |
| Asia Pacific | 4.1% |
| Middle East and Africa | 3.7% |
| North America | XX% |
| Europe | XX% |
| Latin America | XX% |
| CAGR 2024-2032 - Market by | Country |
| Brazil | 4.1% |
| Mexico | 3.3% |
| Australia | 3.1% |
| Canada | 3.0% |
| Germany | 2.7% |
| USA | XX% |
| UK | XX% |
| France | XX% |
| Italy | 2.5% |
| China | XX% |
| Japan | XX% |
| India | XX% |
| Saudi Arabia | XX% |
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
The market for machine tool touch probe is rising due to the increasing demand for safety within the industry space. The use of machine tool touch probe ensures the precise measure of the work piece dimensions. It is connected with sensors that allow them to be safely operated within the industry space. The demand for safety is in high demand within various industries due to its ability to reduce cost and operational downtime, which enhances the productivity level of many operations. This is expected to push the market growth over the forecast period. Further, the market is gaining large traction due to accelerating demand for accuracy in various industries. The machine tool touch probe works in impossible conditions, which are unsustainable for humans and/or in conditions where it is not feasible for humans to work optimally, as a result aiding the market growth and is expected to retain high demand in the forecast period as well.
| 2023 Market Share by | Country |
| Australia | 2.3% |
| USA | XX% |
| Canada | XX% |
| UK | XX% |
The report gives a detailed analysis of the following key players in the global machine tool touch probe market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Offering |
|
| Breakup by Transmission |
|
| Breakup by Probe Type |
|
| Breakup by Measuring Technologies |
|
| Breakup by Machine Type |
|
| Breakup by Axes Measurement |
|
| Breakup by End Use |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
Machine Tool Touch Probe Market Size
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Get in touch with us today for customized, data-driven solutions tailored to your unique requirements!
In 2023, the global machine tool touch probe market attained a value of nearly USD 648.60 million.
The market is projected to grow at a CAGR of 3.5% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 885.06 million by 2032.
The major market drivers include the growing demand for advanced technology in the production of machine tools, the rising demand for quality verification of machine parts, and the growing use of machine tool touch probes in the automotive sector.
The growing focus on safety in industrial spaces, the rising use of machine tool touch probes for precise measurement of workpiece dimensions, and the surging demand for accuracy in various end-use sectors are the key trends propelling the market.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading offerings of machine tool touch probe in the market are hardware and software.
The major segments based on transmission of the product are infrared, radio, and hard wired.
The significant probe types in the market are 3D touch probes, 2D spindle probes, tool-length measuring probes, and tool touch-off probes, among others.
The various measuring technologies considered in the market report include optical, kinematic resistive, and strain gauge.
The major machine types in the market are CNC machining centre and CNC turning centre.
The different axes measurement segments considered in the market report include 3-axis touch probes and 5-axis touch probes.
The several end uses of machine tool touch probe include automotive, defence and aerospace, electronic, general machining, medical, and petrochemical, among others.
The major players in the market are Renishaw plc., Hexagon AB, DR. Johannes Heidenhain GmbH, Blum-Novotest GmbH, Marposs S.p.A., and DP Technology Corp., among others.
How To Order
Our step-by-step guide will help you select, purchase, and access your reports swiftly, ensuring you get the information that drives your decisions, right when you need it.
Select License Type
Choose the right license for your needs and access rights.
Click on ‘Buy Now’
Add the report to your cart with one click and proceed to register.
Select Mode of Payment
Choose a payment option for a secure checkout. You will be redirected accordingly.
Pricing Plans
Purchase Full Report
Datasheet
Single User License
One User
Five User License
Five Users
Corporate License
Unlimited Users
Connect For More Information
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.
Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.
We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.
Gain insights to stay ahead and seize opportunities.
Get insights & trends for a competitive edge.
Track prices with detailed trend reports.
Analyse trade data for supply chain insights.
Leverage cost reports for smart savings
Enhance supply chain with partnerships.
Subscribe to our Newsletter
By subscribing you agree to with our privacy policy and provide
consent to
receive
updates
from our company.
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
