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The hand tools and woodworking tools market size is expected to grow from USD 8.4 billion in 2021 to USD 10.3 billion by 2026, at a CAGR of 4.0%. The growth of the market is attributed to the increasing commercial as well as residential construction and infrastructure projects, adoption of hand tools in households for residential/DIY purposes as well as growing manufacturing setups and increasing repair and maintenance operations across the world
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MarketsandMarkets Presents Inline Metrology Market by Offering (Hardware, Software), Product (CMM, Machine Vision Systems, Optical Scanners), Application (Reverse Engineering, Quality Control & Inspection), Industry, and Geography - Global Forecast to 2025 The inline metrology market is expected to grow from USD 390 million in 2020 to USD 801 million by 2025, at a CAGR of 15.5%.
MarketsandMarkets Presents Quality control and inspection application to grow at high rate from 2020 to 2025 The inline metrology market for quality control and inspection application is expected to grow at a significant rate from 2020 to 2025. Manufacturing companies are outsourcing inspection and quality control services to reduce measurement time, eliminate measurement uncertainty, enable process stability, and enhance test instrument capability. The high costs incurred in setting up metrology facilities and the lack of inline metrology experts are the factors expected to hinder the growth of the global inline metrology market.
MarketsandMarkets Presents Automotive industry held largest share of Inline metrology market in 2019 The automotive industry held the largest share of the inline metrology market in 2019. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=55767366 The growing demand for automobiles in developing countries across the world, such as Russia, South Africa, and China, is creating the need for high-speed inspection of automotive manufactured parts, which propels the growth of the inline metrology market
MarketsandMarkets Presents Inline metrology market in APAC to grow at highest rate during forecast period The inline metrology market in APAC is expected to grow at the highest CAGR during the forecast period. APAC is the largest manufacturing hub globally; it is also emerging as a large-scale hub for automotive manufacturing. The market in countries such as India and China of the region is expected to grow more rapidly than in other countries. Rapid urbanization and a large base of automobile manufacturers are some of the key factors contributing to the growth of this market in APAC.
MarketsandMarkets Presents key players in the inline metrology market. Hexagon AB (Hexagon) (Sweden), Carl Zeiss (Germany), Perceptron (US), ABB Group (Switzerland), KUKA (Germany), Nikon Metrology (Belgium), AMETEK (US), LMI Technologies (US), Cognex (US), Jenoptik (Germany), KLA Corporation (US), FARO Technologies (US), and Renishaw (UK)
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