Global Digital Caliper Market Size, Share, Trends, Industry Growth by Material (Aluminum, Stainless Steel), by Application (Engineering, Research Laboratories, Manufacturing, Academia), by Distribution Channel, by Region, and Forecast to 2030

Report ID: RC155882 | Report Format: PDF + Excel | Starting Price: 2520/- USD | Last Updated: June 30th, 2023

The global digital caliper market size is expected to grow at a significant CAGR of over 6% during the forecast period from 2023 to 2030. The increasing adoption of digital calipers in various applications due to their higher accuracy is one of the key factor driving the industry growth. Furthermore, the rapid growth in industrialization, growing popularity, and the increasing adoption of the product among manufacturers to enhance the product’s quality are further anticipated to fuel the market growth over the forecast period. Moreover, the increasing use of digital calipers in various industries to reduce human errors and the innovation in technology such as solar-powered digital calipers is projected to propel the market growth.

Market Snapshot:

Benchmark Year 2022
Market Size $ xx.x Mn lock
Market Growth (CAGR) > 6% (2023-2030)
Largest Market Share North America
Analysis Period 2020-2030
Market Players Hexagon AB, Mitutoyo Corporation, L.S. Starrett Company, S-T Industries, Inc., and Fowler High Precision, Inc.

Market Drivers:

Accuracy and Precision: Digital calipers provide high accuracy and precision in measurements compared to traditional analog calipers. This factor is crucial in various industries, including manufacturing, engineering, and scientific research, where precise measurements are essential.

Increasing Industrial Automation: The trend of industrial automation is on the rise across multiple sectors. Digital calipers integrate well with automation systems, allowing for seamless data transfer, analysis, and integration with other digital tools and machinery. This compatibility drives the adoption of digital calipers in automated manufacturing processes.

Ease of Use: Digital calipers are user-friendly and often come with additional features like digital displays, data recording, and wireless connectivity options. The simplicity of operation and the ability to quickly read measurements contribute to their popularity, making them more accessible to a wider range of users.

Technological Advancements: Advancements in digital caliper technology have led to improved functionality and added features. For example, some digital calipers offer Bluetooth connectivity, allowing users to transmit measurement data wirelessly to other devices such as smartphones or computers. These advancements enhance convenience and streamline measurement processes.

Growing Demand in Various Industries: Digital calipers find applications in numerous industries, such as automotive, aerospace, electronics, medical, and woodworking. The increasing demand for precise measurements and dimensional analysis in these sectors drives the adoption of digital calipers.

Cost-Effectiveness: Over time, digital calipers have become more affordable due to technological advancements, competition among manufacturers, and economies of scale. This cost-effectiveness makes them a preferred choice for businesses and individuals looking for accurate measuring tools without breaking the bank.

Quality Control and Inspection Requirements: Industries that require stringent quality control and inspection processes, such as manufacturing and metrology, rely on digital calipers for precise measurements. These industries drive the demand for digital calipers to meet quality standards and ensure product reliability.

International Standards and Regulations: Standardization and regulatory bodies, such as the International Organization for Standardization (ISO), often recommend or require the use of digital measuring instruments for specific applications. Compliance with these standards and regulations propels the demand for digital calipers.

Market Insights:

By application, the engineering segment dominated the global digital calipers market in the benchmark year

The global digital calipers market is bifurcated into material, application, distribution channel, and geography. On the basis of application, the market is further segmented into engineering, research laboratories, manufacturing, and academia. The engineering segment dominated the global market in 2022 and is expected to maintain its dominance over the forecast period. The growing use of digital calipers in mechanical engineering is one of the prominent factor driving the segment growth. On the other hand, the manufacturing and research laboratories segments are estimated to grow at a significant growth rate over the forecast period owing to the significant growth in the manufacturing industry.

Digital Caliper Market Growth

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The digital caliper comprehensive study analyzes industry trends, market size, competitive analysis, and market forecast – 2023 to 2030. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.

The digital caliper market research report presents the analysis of each segment from 2020 to 2030 considering 2022 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2023 to 2030.

Historical & Forecast Period

  • 2020-21 – Historical Year
  • 2022 – Base Year
  • 2023-2030 – Forecast Period

Market Segmentation:

By Material:

  • Aluminum
  • Stainless Steel

By Application:

  • Engineering
  • Research Laboratories
  • Manufacturing
  • Academia

By Distribution Channel:

  • Online
  • Offline

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Regional Analysis:

On the basis of region, the Asia Pacific dominated the global market in the benchmark year

On the basis of region, the Asia Pacific dominated the global digital calipers market in 2022 and is anticipated to maintain its dominance over the forecast period. The rapid growth in industrialization and the growing number of educational institutes are some major factor driving the market growth in the region. Furthermore, the growing adoption of digital calipers across the various end-use industries is further anticipated to fuel the market growth in the Asia Pacific.

Geographically, the digital caliper market report comprises dedicated sections centering on the regional market revenue and trends. The digital caliper market has been segmented on the basis of geographic regions into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The digital caliper market has been extensively analyzed on the basis of various regional factors such as demographics, gross domestic product (GDP), inflation rate, acceptance, and others. Digital caliper market estimates have also been provided for the historical years 2020 & 2021 along with forecasts for the period from 2023 – 2030.

Competitive Assessment:

Some of the prominent market players operating in the global digital caliper market are Hexagon AB, Mitutoyo Corporation, L.S. Starrett Company, S-T Industries, Inc., and Fowler High Precision, Inc. Companies are exploring markets by expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

Key Companies:

  • Hexagon AB
  • Mitutoyo Corporation
  • S. Starrett Company
  • S-T Industries, Inc.
  • Fowler High Precision, Inc.
  • Accuremote
  • Capri Tools
  • Central Tools Inc.
  • DRAPER TOOLS LTD.
  • Mahr Inc.
  • Bowers Group

Key Questions Answered by Digital Caliper Market Report

  • Global digital caliper market forecasts from 2023-2030
  • Regional market forecasts from 2023-2030 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
  • Country-level forecasts from 2023-2030 covering 15 major countries from the regions as mentioned above
  • Digital caliper submarket forecasts from 2023-2030 covering the market by material, application, distribution channel, and geography
  • Various industry models such as SWOT analysis, Value Chain Analysis about the market
  • Analysis of the key factors driving and restraining the growth of the global, regional, and country-level digital caliper markets from 2023-2030
  • Competitive Landscape and market positioning of the top 10 players operating in the market
Table of Content:

1. Preface


1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.4. Assumptions

 

2. Executive Summary


2.1. Global Digital Calipers Market Portraiture
2.2. Global Digital Calipers Market, by Material, 2022 (USD Mn)
2.3. Global Digital Calipers Market, by Application, 2022 (USD Mn)
2.4. Global Digital Calipers Market, by Distribution Channel, 2022 (USD Mn)
2.5. Global Digital Calipers Market, by Geography, 2022 (USD Mn)

 

3. Global Digital Calipers Market Analysis


3.1. Digital Calipers Market Overview
3.2. Market Inclination Insights
3.3. Market Dynamics
3.3.1. Drivers
3.3.2. Challenges
3.3.3. Opportunities
3.4. Attractive Investment Proposition
3.5. Competitive Analysis
3.6. Porter’s Five Force Analysis
3.6.1. Bargaining Power of Suppliers
3.6.2. Bargaining Power of Buyers
3.6.3. Threat of New Entrants
3.6.4. Threat of Substitutes
3.6.5. Degree of Competition
3.7. COVID-19 Impact Analysis

 

4. Global Digital Calipers Market By Material, 2020 – 2030 (USD Mn)


4.1. Overview
4.2. Aluminum
4.3. Stainless Steel

 

5. Global Digital Calipers Market By Application, 2020 – 2030 (USD Mn)


5.1. Overview
5.2. Engineering
5.3. Research Laboratories
5.4. Manufacturing
5.5. Academia

 

6. Global Digital Calipers Market By Distribution Channel, 2020 – 2030 (USD Mn)


6.1. Overview
6.2. Online
6.3. Offline

 

7. North America Digital Calipers Market Analysis and Forecast, 2020 – 2030 (USD Mn)


7.1. Overview
7.2. North America Digital Calipers Market by Material, (2020-2030 USD Mn)
7.3. North America Digital Calipers Market by Application, (2020-2030 USD Mn)
7.4. North America Digital Calipers Market by Distribution Channel, (2020-2030 USD Mn)
7.5. North America Digital Calipers Market by Country, (2020-2030 USD Mn)
7.5.1. U.S.
7.5.1.1. U.S. Digital Calipers Market by Material, (2020-2030 USD Mn)
7.5.1.2. U.S. Digital Calipers Market by Application, (2020-2030 USD Mn)
7.5.1.3. U.S. Digital Calipers Market by Distribution Channel, (2020-2030 USD Mn)
7.5.2. Canada
7.5.2.1. Canada Digital Calipers Market by Material, (2020-2030 USD Mn)
7.5.2.2. Canada Digital Calipers Market by Application, (2020-2030 USD Mn)
7.5.2.3. Canada Digital Calipers Market by Distribution Channel, (2020-2030 USD Mn)

 

8. Europe Digital Calipers Market Analysis and Forecast, 2020 - 2030 (USD Mn)


8.1. Overview
8.2. Europe Digital Calipers Market by Material, (2020-2030 USD Mn)
8.3. Europe Digital Calipers Market by Application, (2020-2030 USD Mn)
8.4. Europe Digital Calipers Market by Distribution Channel, (2020-2030 USD Mn)
8.5. Europe Digital Calipers Market by Country, (2020-2030 USD Mn)
8.5.1. Germany
8.5.1.1. Germany Digital Calipers Market by Material, (2020-2030 USD Mn)
8.5.1.2. Germany Digital Calipers Market by Application, (2020-2030 USD Mn)
8.5.1.3. Germany Digital Calipers Market by Distribution Channel, (2020-2030 USD Mn)
8.5.2. U.K.
8.5.2.1. U.K. Digital Calipers Market by Material, (2020-2030 USD Mn)
8.5.2.2. U.K. Digital Calipers Market by Application, (2020-2030 USD Mn)
8.5.2.3. U.K. Digital Calipers Market by Distribution Channel, (2020-2030 USD Mn)
8.5.3. France
8.5.3.1. France Digital Calipers Market by Material, (2020-2030 USD Mn)
8.5.3.2. France Digital Calipers Market by Application, (2020-2030 USD Mn)
8.5.3.3. France Digital Calipers Market by Distribution Channel, (2020-2030 USD Mn)
8.5.4. Spain
8.5.4.1. Spain Digital Calipers Market by Material, (2020-2030 USD Mn)
8.5.4.2. Spain Digital Calipers Market by Application, (2020-2030 USD Mn)
8.5.4.3. Spain Digital Calipers Market by Distribution Channel, (2020-2030 USD Mn)
8.5.5. Italy
8.5.5.1. Italy Digital Calipers Market by Material, (2020-2030 USD Mn)
8.5.5.2. Italy Digital Calipers Market by Application, (2020-2030 USD Mn)
8.5.5.3. Italy Digital Calipers Market by Distribution Channel, (2020-2030 USD Mn)
8.5.6. Rest of Europe
8.5.6.1. Rest of Europe Digital Calipers Market by Material, (2020-2030 USD Mn)
8.5.6.2. Rest of Europe Digital Calipers Market by Application, (2020-2030 USD Mn)
8.5.6.3. Rest of Europe Digital Calipers Market by Distribution Channel, (2020-2030 USD Mn)

 

9. Asia Pacific Digital Calipers Market Analysis and Forecast, 2020 - 2030 (USD Mn)


9.1. Overview
9.2. Asia Pacific Digital Calipers Market by Material, (2020-2030 USD Mn)
9.3. Asia Pacific Digital Calipers Market by Application, (2020-2030 USD Mn)
9.4. Asia Pacific Digital Calipers Market by Distribution Channel, (2020-2030 USD Mn)
9.5. Asia Pacific Digital Calipers Market by Country, (2020-2030 USD Mn)
9.5.1. China
9.5.1.1. China Digital Calipers Market by Material, (2020-2030 USD Mn)
9.5.1.2. China Digital Calipers Market by Application, (2020-2030 USD Mn)
9.5.1.3. China Digital Calipers Market by Distribution Channel, (2020-2030 USD Mn)
9.5.2. Japan
9.5.2.1. Japan Digital Calipers Market by Material, (2020-2030 USD Mn)
9.5.2.2. Japan Digital Calipers Market by Application, (2020-2030 USD Mn)
9.5.2.3. Japan Digital Calipers Market by Distribution Channel, (2020-2030 USD Mn)
9.5.3. India
9.5.3.1. India Digital Calipers Market by Material, (2020-2030 USD Mn)
9.5.3.2. India Digital Calipers Market by Application, (2020-2030 USD Mn)
9.5.3.3. India Digital Calipers Market by Distribution Channel, (2020-2030 USD Mn)
9.5.4. Rest of Asia Pacific
9.5.4.1. Rest of Asia Pacific Digital Calipers Market by Material, (2020-2030 USD Mn)
9.5.4.2. Rest of Asia Pacific Digital Calipers Market by Application, (2020-2030 USD Mn)
9.5.4.3. Rest of Asia Pacific Digital Calipers Market by Distribution Channel, (2020-2030 USD Mn)

 

10. Latin America (LATAM) Digital Calipers Market Analysis and Forecast, 2020 - 2030 (USD Mn)


10.1. Overview
10.2. Latin America Digital Calipers Market by Material, (2020-2030 USD Mn)
10.3. Latin America Digital Calipers Market by Application, (2020-2030 USD Mn)
10.4. Latin America Digital Calipers Market by Distribution Channel, (2020-2030 USD Mn)
10.5. Latin America Digital Calipers Market by Country, (2020-2030 USD Mn)
10.5.1. Brazil
10.5.1.1. Brazil Digital Calipers Market by Material, (2020-2030 USD Mn)
10.5.1.2. Brazil Digital Calipers Market by Application, (2020-2030 USD Mn)
10.5.1.3. Brazil Digital Calipers Market by Distribution Channel, (2020-2030 USD Mn)
10.5.2. Mexico
10.5.2.1. Mexico Digital Calipers Market by Material, (2020-2030 USD Mn)
10.5.2.2. Mexico Digital Calipers Market by Application, (2020-2030 USD Mn)
10.5.2.3. Mexico Digital Calipers Market by Distribution Channel, (2020-2030 USD Mn)
10.5.3. Rest of Latin America
10.5.3.1. Rest of Latin America Digital Calipers Market by Material, (2020-2030 USD Mn)
10.5.3.2. Rest of Latin America Digital Calipers Market by Application, (2020-2030 USD Mn)
10.5.3.3. Rest of Latin America Digital Calipers Market by Distribution Channel, (2020-2030 USD Mn)

 

11. Middle East and Africa Digital Calipers Market Analysis and Forecast, 2020 - 2030 (USD Mn)


11.1. Overview
11.2. MEA Digital Calipers Market by Material, (2020-2030 USD Mn)
11.3. MEA Digital Calipers Market by Application, (2020-2030 USD Mn)
11.4. MEA Digital Calipers Market by Distribution Channel, (2020-2030 USD Mn)
11.5. Middle East and Africa Digital Calipers Market, by Country, (2020-2030 USD Mn)
11.5.1. GCC
11.5.1.1. GCC Digital Calipers Market by Material, (2020-2030 USD Mn)
11.5.1.2. GCC Digital Calipers Market by Application, (2020-2030 USD Mn)
11.5.1.3. GCC Digital Calipers Market by Distribution Channel, (2020-2030 USD Mn)
11.5.2. South Africa
11.5.2.1. South Africa Digital Calipers Market by Material, (2020-2030 USD Mn)
11.5.2.2. South Africa Digital Calipers Market by Application, (2020-2030 USD Mn)
11.5.2.3. South Africa Digital Calipers Market by Distribution Channel, (2020-2030 USD Mn)
11.5.3. Rest of MEA
11.5.3.1. Rest of MEA Digital Calipers Market by Material, (2020-2030 USD Mn)
11.5.3.2. Rest of MEA Digital Calipers Market by Application, (2020-2030 USD Mn)
11.5.3.3. Rest of MEA Digital Calipers Market by Distribution Channel, (2020-2030 USD Mn)

 

12. Company Profiles


12.1. Hexagon AB
12.1.1. Business Description
12.1.2. Financial Health and Budget Allocation
12.1.3. Product Positions/Portfolio
12.1.4. Recent Development
12.1.5. SWOT Analysis
12.2. Mitutoyo Corporation
12.2.1. Business Description
12.2.2. Financial Health and Budget Allocation
12.2.3. Product Positions/Portfolio
12.2.4. Recent Development
12.2.5. SWOT Analysis
12.3. L.S. Starrett Company
12.3.1. Business Description
12.3.2. Financial Health and Budget Allocation
12.3.3. Product Positions/Portfolio
12.3.4. Recent Development
12.3.5. SWOT Analysis
12.4. S-T Industries, Inc.
12.4.1. Business Description
12.4.2. Financial Health and Budget Allocation
12.4.3. Product Positions/Portfolio
12.4.4. Recent Development
12.4.5. SWOT Analysis
12.5. Fowler High Precision, Inc.
12.5.1. Business Description
12.5.2. Financial Health and Budget Allocation
12.5.3. Product Positions/Portfolio
12.5.4. Recent Development
12.5.5. SWOT Analysis
12.6. Accuremote
12.6.1. Business Description
12.6.2. Financial Health and Budget Allocation
12.6.3. Product Positions/Portfolio
12.6.4. Recent Development
12.6.5. SWOT Analysis
12.7. Capri Tools
12.7.1. Business Description
12.7.2. Financial Health and Budget Allocation
12.7.3. Product Positions/Portfolio
12.7.4. Recent Development
12.7.5. SWOT Analysis
12.8. Central Tools Inc.
12.8.1. Business Description
12.8.2. Financial Health and Budget Allocation
12.8.3. Product Positions/Portfolio
12.8.4. Recent Development
12.8.5. SWOT Analysis
12.9. DRAPER TOOLS LTD.
12.9.1. Business Description
12.9.2. Financial Health and Budget Allocation
12.9.3. Product Positions/Portfolio
12.9.4. Recent Development
12.9.5. SWOT Analysis
12.10. Mahr Inc.
12.10.1. Business Description
12.10.2. Financial Health and Budget Allocation
12.10.3. Product Positions/Portfolio
12.10.4. Recent Development
12.10.5. SWOT Analysis
12.11. Bowers Group
12.11.1. Business Description
12.11.2. Financial Health and Budget Allocation
12.11.3. Product Positions/Portfolio
12.11.4. Recent Development
12.11.5. SWOT Analysis
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