TechNavio today launched its report, Global Coordinate Measuring Machine Market 2011-2015, based on an in-depth analysis covering the Americas, and the EMEA and APAC regions. The report aims to aid decision makers’ understanding of the significant trends impacting this market.
Commenting on the report, an analyst from TechNavio’s Engineering team said: ”Competition in the Global Coordinate Measuring Machine (CMM) market has intensified in the last few years. This has led to a decrease in the overall price of CMMs. Consequently, there is an increase in the price wars among the vendors in the market. Moreover, with the advances in technology and the emergence of global sourcing, the cost of the development of CMMs has been declining. This is also because of the large variety of vendors and their varying pricing strategies that are aimed at capturing significant shares in the market. Furthermore, the vendors are focusing on the development of economically priced CMMs in an attempt to tap the Micro, Small, and Medium-sized Enterprise sector.”
According to the report, one of the main drivers is the need for products with increased dimensional accuracy. This is because the quality inspection capabilities that can be achieved by the effective deployment of CMMs facilitate the development of superior products.
Further, the report reveals that the major challenge in the market is the high cost of CMMs.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/global-coordinate-measuring-machine-mar…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our Engineering market research, please visit www.technavio.com/engineering-software
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TechNavio Announces the Publication of its Research Report – Global Coordinate Measuring Machine Market 2011-2015
