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Global Machine Tool Touch Probe Market Size, Share, Trends: By Offering: Hardware, Software; By Transmission: Infrared, Radio, Hard Wired; By Probe Type: 3D Touch Probes, 2D Spindle Probes, Others; By Measuring Technologies; By Machine Type; By Axes Measurement; By End Use; Regional Analysis; Competitive Landscape; 2024-2032
Global Machine Tool Touch Probe Market Outlook
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.
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Vigorous Competition Among the Key Players to Boost the Growth of Global Market for Machine Tool Touch Probe
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.
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Machine Tool Touch Probe: Market Segmentation
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:
- Hardware
- Software
Based on transmission, the industry can be segmented into:
- Infrared
- Radio
- Hard Wired
By probe type, the market is segregated into:
- 3D Touch Probes
- 2D Spindle Probes
- Tool-Length Measuring Probes
- Tool Touch-Off Probes
- Others
On the basis of measuring technologies, the market is divided into:
- Optical
- Kinematic Resistive
- Strain Gauge
By machine type, the market is categorised into:
- CNC Machining Centre
- CNC Turning Centre
Based on axes measurement, the industry is divided into:
- 3-Axis Touch Probes
- 5-Axis Touch Probes
On the basis of end-use, the industry is categorised into:
- Automotive
- Defence and Aerospace
- Electronic
- General Machining
- Medical
- Petrochemical
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Growing Demand for Safety to Aid the Global Machine Tool Touch Probe Market Growth
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.
Key Industry Players in the Global Machine Tool Touch Probe Market
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:
- Renishaw plc.
- Hexagon AB
- DR. Johannes Heidenhain GmbH
- Blum-Novotest GmbH
- Marposs S.p.A.
- DP Technology Corp.
- Others
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.
Key Highlights of the Report
| 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:
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| Breakup by Offering |
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| 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. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Machine Tool Touch Probe Market Analysis
8.1 Key Industry Highlights
8.2 Global Machine Tool Touch Probe Historical Market (2018-2023)
8.3 Global Machine Tool Touch Probe Market Forecast (2024-2032)
8.4 Global Machine Tool Touch Probe Market by Offering
8.4.1 Hardware
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Software
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Machine Tool Touch Probe Market by Transmission
8.5.1 Infrared
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Radio
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Hard Wired
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.6 Global Machine Tool Touch Probe Market by Probe Type
8.6.1 3D Touch Probes
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 2D Spindle Probes
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Tool-Length Measuring Probes
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Tool Touch-Off Probes
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Others
8.7 Global Machine Tool Touch Probe Market by Measuring Technologies
8.7.1 Optical
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Kinematic Resistive
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Strain Gauge
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.8 Global Machine Tool Touch Probe Market by Machine Type
8.8.1 CNC Machining Center
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 CNC Turning Center
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.9 Global Machine Tool Touch Probe Market by Axes Measurement
8.9.1 3-Axis Touch Probes
8.9.1.1 Historical Trend (2018-2023)
8.9.1.2 Forecast Trend (2024-2032)
8.9.2 5-Axis Touch Probes
8.9.2.1 Historical Trend (2018-2023)
8.9.2.2 Forecast Trend (2024-2032)
8.10 Global Machine Tool Touch Probe Market by End Use
8.10.1 Automotive
8.10.1.1 Historical Trend (2018-2023)
8.10.1.2 Forecast Trend (2024-2032)
8.10.2 Defense & Aerospace
8.10.2.1 Historical Trend (2018-2023)
8.10.2.2 Forecast Trend (2024-2032)
8.10.3 Electronic
8.10.3.1 Historical Trend (2018-2023)
8.10.3.2 Forecast Trend (2024-2032)
8.10.4 General Machining
8.10.4.1 Historical Trend (2018-2023)
8.10.4.2 Forecast Trend (2024-2032)
8.10.5 Medical
8.10.5.1 Historical Trend (2018-2023)
8.10.5.2 Forecast Trend (2024-2032)
8.10.6 Petrochemical
8.10.6.1 Historical Trend (2018-2023)
8.10.6.2 Forecast Trend (2024-2032)
8.10.7 Others
8.11 Global Machine Tool Touch Probe Market by Region
8.11.1 North America
8.11.1.1 Historical Trend (2018-2023)
8.11.1.2 Forecast Trend (2024-2032)
8.11.2 Europe
8.11.2.1 Historical Trend (2018-2023)
8.11.2.2 Forecast Trend (2024-2032)
8.11.3 Asia Pacific
8.11.3.1 Historical Trend (2018-2023)
8.11.3.2 Forecast Trend (2024-2032)
8.11.4 Latin America
8.11.4.1 Historical Trend (2018-2023)
8.11.4.2 Forecast Trend (2024-2032)
8.11.5 Middle East and Africa
8.11.5.1 Historical Trend (2018-2023)
8.11.5.2 Forecast Trend (2024-2032)
9 North America Machine Tool Touch Probe Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Machine Tool Touch Probe Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Machine Tool Touch Probe Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Machine Tool Touch Probe Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Machine Tool Touch Probe Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Renishaw plc.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Hexagon AB
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 DR. Johannes Heidenhain GmbH
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Blum-Novotest GmbH
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Marposs S.p.A.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 DP Technology Corp.
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Machine Tool Touch Probe Market: Key Industry Highlights, 2018 and 2032
2. Global Machine Tool Touch Probe Historical Market: Breakup by Offering (USD Million), 2018-2023
3. Global Machine Tool Touch Probe Market Forecast: Breakup by Offering (USD Million), 2024-2032
4. Global Machine Tool Touch Probe Historical Market: Breakup by Transmission (USD Million), 2018-2023
5. Global Machine Tool Touch Probe Market Forecast: Breakup by Transmission (USD Million), 2024-2032
6. Global Machine Tool Touch Probe Historical Market: Breakup by Probe Type (USD Million), 2018-2023
7. Global Machine Tool Touch Probe Market Forecast: Breakup by Probe Type (USD Million), 2024-2032
8. Global Machine Tool Touch Probe Historical Market: Breakup by Machine Type (USD Million), 2018-2023
9. Global Machine Tool Touch Probe Market Forecast: Breakup by Machine Type (USD Million), 2024-2032
10. Global Machine Tool Touch Probe Historical Market: Breakup by Axes Measurement (USD Million), 2018-2023
11. Global Machine Tool Touch Probe Market Forecast: Breakup by Axes Measurement (USD Million), 2024-2032
12. Global Machine Tool Touch Probe Historical Market: Breakup by End Use (USD Million), 2018-2023
13. Global Machine Tool Touch Probe Market Forecast: Breakup by End Use (USD Million), 2024-2032
14. Global Machine Tool Touch Probe Historical Market: Breakup by Region (USD Million), 2018-2023
15. Global Machine Tool Touch Probe Market Forecast: Breakup by Region (USD Million), 2024-2032
16. North America Machine Tool Touch Probe Historical Market: Breakup by Country (USD Million), 2018-2023
17. North America Machine Tool Touch Probe Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Europe Machine Tool Touch Probe Historical Market: Breakup by Country (USD Million), 2018-2023
19. Europe Machine Tool Touch Probe Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Asia Pacific Machine Tool Touch Probe Historical Market: Breakup by Country (USD Million), 2018-2023
21. Asia Pacific Machine Tool Touch Probe Market Forecast: Breakup by Country (USD Million), 2024-2032
22. Latin America Machine Tool Touch Probe Historical Market: Breakup by Country (USD Million), 2018-2023
23. Latin America Machine Tool Touch Probe Market Forecast: Breakup by Country (USD Million), 2024-2032
24. Middle East and Africa Machine Tool Touch Probe Historical Market: Breakup by Country (USD Million), 2018-2023
25. Middle East and Africa Machine Tool Touch Probe Market Forecast: Breakup by Country (USD Million), 2024-2032
26. Global Machine Tool Touch Probe Market Structure
Key Questions Answered in the Report
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.
Analyst Review
The global machine tool touch probe market attained a value of USD 648.60 million in 2023, driven by rising demand for accuracy and safety across industries. Aided by the advanced technological advancements, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 3.5%. The market is projected to reach USD 885.06 million by 2032.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on offering, the market is segmented into hardware and software. By transmission, the industry can be divided into infrared, radio, and hard wired. On the basis of probe type, the market is categorised into 3D touch probes, 2D spindle probes, tool-length measuring probes, and tool touch-off probes, among others. Based on measuring technologies, the market is segmented into optical, kinematic resistive, and strain gauge. On the basis of machine type, the market is divided into CNC machining centre and CNC turning centre. The major axes measurement in the industry are 3-axis touch probes and 5-axis touch probes. By end-use, the market is segmented into automotive, defence and aerospace, electronic, general machining, medical, and petrochemical, among others. The major regional markets for machine tool touch probe are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Renishaw plc., Hexagon AB, DR. Johannes Heidenhain GmbH, Blum-Novotest GmbH, Marposs S.p.A., and DP Technology Corp., among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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