What is Global Caliper with Digital Display Market?
The Global Caliper with Digital Display Market is a fascinating sector that deals with the production, distribution, and sale of digital calipers. These are precision instruments used for measuring distances with high accuracy. They are equipped with a digital display for easy reading of measurements. The market is global, meaning it encompasses the production and sale of these devices all over the world. The digital display feature of these calipers makes them highly sought after in various industries as they offer more precise readings compared to their analog counterparts. This market is driven by the increasing demand for precision instruments in various sectors such as manufacturing, automotive, scientific research, and others.
0-150mm Caliper, 0-300mm Caliper, Above 300mm Caliper in the Global Caliper with Digital Display Market:
The Global Caliper with Digital Display Market is segmented based on the size of the calipers. The segments include 0-150mm Caliper, 0-300mm Caliper, and Above 300mm Caliper. The 0-150mm Caliper segment caters to industries and applications that require small and precise measurements. The 0-300mm Caliper segment is used in industries where medium-sized measurements are required. The Above 300mm Caliper segment is used in industries and applications that require large measurements. Each of these segments has its unique set of end-users and applications, contributing to the overall growth of the market.
Automotive, General Manufacturing, Scientific & Research, Others in the Global Caliper with Digital Display Market:
The Global Caliper with Digital Display Market finds its application in various sectors. In the automotive industry, these calipers are used for precise measurements during the manufacturing process. In general manufacturing, they are used for quality control and to ensure the accuracy of the products. In the scientific and research sector, these calipers are used for precise measurements in various experiments and research. The 'Others' category includes sectors like construction, aerospace, and more, where these calipers are used for various measurement purposes. The wide range of applications of these calipers contributes to the growth of the market.
Global Caliper with Digital Display Market Outlook:
Looking at the market outlook, the Global Caliper with Digital Display Market was valued at US$ 158.6 million in 2023. It is expected to reach a value of US$ 208 million by 2030. This indicates a Compound Annual Growth Rate (CAGR) of 3.9% during the forecast period from 2024 to 2030. In 2019, the top 5 manufacturers in this market held a combined market share of 48%. This data provides a clear picture of the market's growth potential and the dominance of the leading manufacturers in this sector.
| Report Metric | Details |
| Report Name | Caliper with Digital Display Market |
| Accounted market size in 2023 | US$ 158.6 million |
| Forecasted market size in 2030 | US$ 208 million |
| CAGR | 3.9% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Mitutoyo, Guilin Guanglu, Tesa, MAHR, Stanley Black and Decker, Starrett, Jingjiang Measuring Tools, Sylvac, Baker Gauges, Guilin Measuring & Cutting Tool, HELIOS-PREISSER, Fowler, Adolf Würth, FERVI, Tema Electronics, MICROTECH, Tajima, S-T Industries |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
