Box Gauge Market: Industry Analysis and Forecast (2021-2027) by Design, Material, Technology and Region

Box Gauge Market size was valued at US$ 120 Mn in 2020 and expected to reach US$ 206.3 Mn by 2027 at a CAGR of 7% during the forecast period.Global Box Gauge MarketTo know about the Research Methodology :- Request Free Sample Report The report has covered the market trends from 2015 to forecast the market through 2027. 2020 is considered a base year however 2020’s numbers are on real output of the companies in the market. Special attention is given to 2020 and effect of lockdown on the demand and supply, and also the impact of lockdown for next two years on the market. Some companies have done well in lockdown also and specific strategic analysis of those companies is done in the report.

Global Box Gauge Market Overview:

Box Gauges are used to measure the physical quantities of the equipment on the micro scale. Gauges are used to measure the precision tools also in manufacturing plants and tooling factories. Monitoring of thickness levels, material diameter, flow pressure, spaces measurement of containers. Inspection and precision cutting of materials are the key applications of the box gauges. Global Box Gauge market is expected to register CAGR of 7% owing to increasing applicability of the product across the globe.

Global Box Gauge Market Dynamics:

Increasing demand for quality inspection of equipment used in manufacturing facilities across various end users including automotive, construction and other industries and increasing adoption of metal processing technologies across the globe are the key factors considered to drive the growth of the product. In addition, specific thickness of gauges is also measured by box gauge meters which is key advantage of the product. According to American Society of Mechanical Engineers (ASME), box gauges accounted for approximately 40% market share in total Engineering equipment manufacturing sector in terms of unit consumption as box gauges are made mandatory by Quality Inspection Association. Resistance of box gauges to heat and wear & tear of the material is the key demand driver for the product. In addition, gauges are made from chrome steel or high carbon steel having high heat dissipation capacity and withstands at the high pressure areas also without any deformation. Furthermore, growing industrialization across the emerging economies is the key factor attributing growth to the product demand. Furthermore, size compactness and high functionality of the gauge tools is the factor expected to augment the demand for the product in the market. As many manufacturers and industry verticals are very precise towards quality and dimensional accuracy of the product, box gauge market is expected to bolster during the forecast period. Increasing automation and precise tooling of equipment are the key restraining factors considered to hamper the product demand across the globe. Moreover, increasing raw material prices for stainless steel across the globe and ongoing trade war between China and USA are expected to hamper the market growth and pose as challenge for the market during the forecast period. More restraints and opportunities are covered in the report by considering the data of 2020 for better understanding of current market scenario. Moreover, bottom up approach is considered while analyzing the data from past years as well as forecast trends in the report making. User is expected to be able to estimate the overall market dynamics from the report analysis.

Global Box Gauge Market Segmentation:

Global-Box-Gauge-Market-1

Metal Material Segment is dominating the Box Gauge Market:

According to ISO, metals accounted for approximately 60% of total box gauge production as metal suffices the quality checks and directions of ISO and are highly resistive towards the environmental changes and physical disturbances including temperature and high pressure. Evolving tooling technologies and automation practices across the globe has increased the demand for alloy metals for gauge making as they are more sustainable and comes with warranty of manufacturer. Furthermore, hardened alloy tool steel is the key metal used in the metal material segment. Ceramics including cemented carbides of different types including tungsten and tantalum is used in the ceramics segment. Ceramics are mainly used in heat dissipation type of uses. Ceramics have comparatively high wearing and tearing modes and hence are not highly favorable in tooling automation processes.

Digital Technology: New Trend in the Box Gauge Market:

According to Equipment Manufacturers Association Data 2020, digital tools and system market is increasing with whopping Y-O-Y rate of 22.7% from year 2015-2016. Factors attributing to the trend of digitization across the globe are increasing automation practices across the globe. More consistent and efficient processes implementation is the key demand driver for the digitization. Moreover, optimization needs of part manufacturing and flexibility in machining processes are augmenting the trend of digital technology in the market. Increasing semiconductor sector and sensor technology across the globe is bolstering the demand for digital box gauges.

Product Development by Prominent Players:

1. ABB has launched new gauge head named PMGG201 for centerline measurement of thickness gauging system used for Aluminium strips and gapless gauging. 2. HYDROTECHNIK has launched new digital gauge box in 2019 for high precision milling tools manufacturing across the globe. 3. Latest Rage has launched new “903052 Universal Aluminium 4 switch and gauge box” without holes system for milling cutter tools.

Global Box Gauge Market Regional Insights:

Europe is prominent region in the global Box Gauge market with 48% market share owing to significance of accuracy of products across the region. Moreover, mass industrialization across Germany, Spain, Italy, and UK and other regions and significance of precise measurements in the regional automotive industries. Germany held 52% market share in terms of unit manufacturing owing to high no. of prominent players in the region. North America is estimated to place itself as the favorable region in the Box Gauge Market owing to increasing demand for automated products and hence, increasing trend of using digital box gauges in the region. Moreover, inclination of equipment manufacturers in the region is augmenting the growth of regional players in the market. Moreover, high quality specifications and stringent regulatory norm for quality of the product across USA and other regions is the key driver for regional growth. APAC and MEA is considered to pose as fastest growing region in the market with CAGR of 5% and 3.5% during the forecast period. Factors attributing to the regional growth are growing demand for efficient engineering equipment across the region and increasing industrialization across the regions of China and India. Chins is the largest exporter of first copy products across the globe and hence poses as prominent region across the globe. South America is considered to pose at the prominent region in the market as key countries in the region including Brazil, Argentina and others are increasingly adopting new technologies for equipment manufacturing. The objective of the report is to present a comprehensive analysis of the Global Box Gauge Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Global Box Gauge Market dynamics, structure by analyzing the market segments and project the Global Box Gauge Market size. Clear representation of competitive analysis of key players by Type, price, financial position, Type portfolio, growth strategies, and regional presence in the Global Box Gauge Market make the report investor’s guide

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Report Coverage Details
Base Year: 2020 Forecast Period: 2021-2027
Historical Data: 2016 to 2020 Market Size in 2020: US $ 120Mn.
Forecast Period 2021 to 2027 CAGR: 7% Market Size in 2027: US $ 206.3Mn.
Segments Covered: by Material • Metal • Ceramics
by Design •Without holes • With holes
by Technology • Digital • Analog

Global Box Gauge Market, by Region

• North America o US o Canada o Mexico • Europe o U.K o France o Germany o Italy o Spain o Sweden o CIS Countries o Rest of Europe • Asia Pacific o China o India o Japan o South Korea o Australia o ASEAN o Rest of Asia Pacific • Middle East and Africa o South Africa o GCC Countries o Egypt o Nigeria o Rest of ME&A • South America o Brazil o Argentina o Rest of South America

Global Box Gauge Market Key Players

Hydrotechnik, Inc. ABB Group • Meyer Gauge Co. Inc. • Latest rage • Cygnus instruments, Inc. • Shenzhen Jumaoyuan Science and Tech. Co. Ltd. • YNIX GmbH & Co. KG

FAQs:

1. What was the global Box Gauge market size in 2019? Ans: The global Box Gauge market size was 350 million USD in 2019. 2. Which material is mainly used in manufacturing of box gauges? Ans: Hardened alloy tool steel metal is generally used in the manufacturing of box gauges. Moreover, ceramics of tantalum and tungsten carbides are also used for the box gauges manufacturing at high pressure. 3. Who are the top companies in Global Box Gauge manufacturing market? Ans: Hydrotechnik, Inc., ABB Group, Meyer Gauge Co. Inc., Latest rage, Cygnus instruments, Inc., Shenzhen Jumaoyuan Science and Tech. Co. Ltd., YNIX GmbH & Co. KG and others. 4. Which region is dominating the Box Gauge market? Ans: Europe is dominating the market owing to significance of accuracy of products across the region. Moreover, mass industrialization across Germany, Spain, Italy, and UK and other regions and significance of precise measurements in the regional automotive industries. 5. What is the key driving factor for the growth of the Global Box Gauge market? Ans: Increasing demand for quality inspection of equipment used in manufacturing facilities across various end users including automotive, construction and other industries and increasing adoption of metal processing technologies across the globe are the key factors considered to drive the growth of the product.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Box Gauge Market Size, by Market Value (US$ Mn.) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2020 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Box Gauge Size Market 3.4. Geographical Snapshot of the Box Gauge Market, By Manufacturer share 4. Global Box Gauge Market Overview, 2020-2027 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Technology of Buyers/Consumers 4.1.6.3. Bargaining Technology of Suppliers 4.1.6.4. Threat of Substitute Technologies 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Box Gauge Market 5. Supply Side and Demand Side Indicators 6. Global Box Gauge Market Analysis and Forecast, 2020-2027 6.1. Global Box Gauge Market Size & Y-o-Y Growth Analysis. 7. Global Box Gauge Market Analysis and Forecasts, 2020-2027 7.1. Market Size (Value) Estimates & Forecast By Material , 2020-2027 7.1.1. Metal 7.1.2. Ceramics 7.2. Market Size (Value) Estimates & Forecast By Design, 2020-2027 7.2.1. Without holes 7.2.2. With holes 7.3. Market Size (Value) Estimates & Forecast By Technology, 2020-2027 7.3.1. Digital 7.3.2. Analog 8. Global Box Gauge Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2020-2027 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Box Gauge Market Analysis and Forecasts, 2020-2027 9.1. Market Size (Value) Estimates & Forecast By Material , 2020-2027 9.1.1. Metal 9.1.2. Ceramics 9.2. Market Size (Value) Estimates & Forecast By Design, 2020-2027 9.2.1. Without holes 9.2.2. With holes 9.3. Market Size (Value) Estimates & Forecast By Technology, 2020-2027 9.3.1. Digital 9.3.2. Analog 10. North America Box Gauge Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2020-2027 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Box Gauge Market Analysis and Forecasts, 2020-2027 11.1. Market Size (Value) Estimates & Forecast By Material , 2020-2027 11.2. Market Size (Value) Estimates & Forecast By Design, 2020-2027 11.3. Market Size (Value) Estimates & Forecast By Technology, 2020-2027 12. Canada Box Gauge Market Analysis and Forecasts, 2020-2027 12.1. Market Size (Value) Estimates & Forecast By Material , 2020-2027 12.2. Market Size (Value) Estimates & Forecast By Design, 2020-2027 12.3. Market Size (Value) Estimates & Forecast By Technology, 2020-2027 13. Mexico Box Gauge Market Analysis and Forecasts, 2020-2027 13.1. Market Size (Value) Estimates & Forecast By Material , 2020-2027 13.2. Market Size (Value) Estimates & Forecast By Design, 2020-2027 13.3. Market Size (Value) Estimates & Forecast By Technology, 2020-2027 14. Europe Box Gauge Market Analysis and Forecasts, 2020-2027 14.1. Market Size (Value) Estimates & Forecast By Material , 2020-2027 14.2. Market Size (Value) Estimates & Forecast By Design, 2020-2027 14.3. Market Size (Value) Estimates & Forecast By Technology, 2020-2027 15. Europe Box Gauge Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2020-2027 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Box Gauge Market Analysis and Forecasts, 2020-2027 16.1. Market Size (Value) Estimates & Forecast By Material , 2020-2027 16.2. Market Size (Value) Estimates & Forecast By Design, 2020-2027 16.3. Market Size (Value) Estimates & Forecast By Technology, 2020-2027 17. France Box Gauge Market Analysis and Forecasts, 2020-2027 17.1. Market Size (Value) Estimates & Forecast By Material , 2020-2027 17.2. Market Size (Value) Estimates & Forecast By Design, 2020-2027 17.3. Market Size (Value) Estimates & Forecast By Technology, 2020-2027 18. Germany Box Gauge Market Analysis and Forecasts, 2020-2027 18.1. Market Size (Value) Estimates & Forecast By Material , 2020-2027 18.2. Market Size (Value) Estimates & Forecast By Design, 2020-2027 18.3. Market Size (Value) Estimates & Forecast By Technology, 2020-2027 19. Italy Box Gauge Market Analysis and Forecasts, 2020-2027 19.1. Market Size (Value) Estimates & Forecast By Material , 2020-2027 19.2. Market Size (Value) Estimates & Forecast By Design, 2020-2027 19.3. Market Size (Value) Estimates & Forecast By Technology, 2020-2027 20. Spain Box Gauge Market Analysis and Forecasts, 2020-2027 20.1. Market Size (Value) Estimates & Forecast By Material , 2020-2027 20.2. Market Size (Value) Estimates & Forecast By Design, 2020-2027 20.3. Market Size (Value) Estimates & Forecast By Technology, 2020-2027 21. Sweden Box Gauge Market Analysis and Forecasts, 2020-2027 21.1. Market Size (Value) Estimates & Forecast By Material , 2020-2027 21.2. Market Size (Value) Estimates & Forecast By Design, 2020-2027 21.3. Market Size (Value) Estimates & Forecast By Technology, 2020-2027 22. CIS Countries Box Gauge Market Analysis and Forecasts, 2020-2027 22.1. Market Size (Value) Estimates & Forecast By Material , 2020-2027 22.2. Market Size (Value) Estimates & Forecast By Design, 2020-2027 22.3. Market Size (Value) Estimates & Forecast By Technology, 2020-2027 23. Rest of Europe Box Gauge Market Analysis and Forecasts, 2020-2027 23.1. Market Size (Value) Estimates & Forecast By Material , 2020-2027 23.2. Market Size (Value) Estimates & Forecast By Design, 2020-2027 23.3. Market Size (Value) Estimates & Forecast By Technology, 2020-2027 24. Asia Pacific Box Gauge Market Analysis and Forecasts, 2020-2027 24.1. Market Size (Value) Estimates & Forecast By Material , 2020-2027 24.2. Market Size (Value) Estimates & Forecast By Design, 2020-2027 24.3. Market Size (Value) Estimates & Forecast By Technology, 2020-2027 25. Asia Pacific Box Gauge Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2020-2027 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Box Gauge Market Analysis and Forecasts, 2020-2027 26.1. Market Size (Value) Estimates & Forecast By Material , 2020-2027 26.2. Market Size (Value) Estimates & Forecast By Design, 2020-2027 26.3. Market Size (Value) Estimates & Forecast By Technology, 2020-2027 27. India Box Gauge Market Analysis and Forecasts, 2020-2027 27.1. Market Size (Value) Estimates & Forecast By Material , 2020-2027 27.2. Market Size (Value) Estimates & Forecast By Design, 2020-2027 27.3. Market Size (Value) Estimates & Forecast By Technology, 2020-2027 28. Japan Box Gauge Market Analysis and Forecasts, 2020-2027 28.1. Market Size (Value) Estimates & Forecast By Material , 2020-2027 28.2. Market Size (Value) Estimates & Forecast By Design, 2020-2027 28.3. Market Size (Value) Estimates & Forecast By Technology, 2020-2027 29. South Korea Box Gauge Market Analysis and Forecasts, 2020-2027 29.1. Market Size (Value) Estimates & Forecast By Material , 2020-2027 29.2. Market Size (Value) Estimates & Forecast By Design, 2020-2027 29.3. Market Size (Value) Estimates & Forecast By Technology, 2020-2027 30. Australia Box Gauge Market Analysis and Forecasts, 2020-2027 30.1. Market Size (Value) Estimates & Forecast By Material , 2020-2027 30.2. Market Size (Value) Estimates & Forecast By Design, 2020-2027 30.3. Market Size (Value) Estimates & Forecast By Technology, 2020-2027 31. ASEAN Box Gauge Market Analysis and Forecasts, 2020-2027 31.1. Market Size (Value) Estimates & Forecast By Material , 2020-2027 31.2. Market Size (Value) Estimates & Forecast By Design, 2020-2027 31.3. Market Size (Value) Estimates & Forecast By Technology, 2020-2027 32. Rest of Asia Pacific Box Gauge Market Analysis and Forecasts, 2020-2027 32.1. Market Size (Value) Estimates & Forecast By Material , 2020-2027 32.2. Market Size (Value) Estimates & Forecast By Design, 2020-2027 32.3. Market Size (Value) Estimates & Forecast By Technology, 2020-2027 33. Middle East Africa Box Gauge Market Analysis and Forecasts, 2020-2027 33.1. Market Size (Value) Estimates & Forecast By Material , 2020-2027 33.2. Market Size (Value) Estimates & Forecast By Design, 2020-2027 33.3. Market Size (Value) Estimates & Forecast By Technology, 2020-2027 34. Middle East Africa Box Gauge Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2020-2027 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Box Gauge Market Analysis and Forecasts, 2020-2027 35.1. Market Size (Value) Estimates & Forecast By Material , 2020-2027 35.2. Market Size (Value) Estimates & Forecast By Design, 2020-2027 35.3. Market Size (Value) Estimates & Forecast By Technology, 2020-2027 36. GCC Countries Box Gauge Market Analysis and Forecasts, 2020-2027 36.1. Market Size (Value) Estimates & Forecast By Material , 2020-2027 36.2. Market Size (Value) Estimates & Forecast By Design, 2020-2027 36.3. Market Size (Value) Estimates & Forecast By Technology, 2020-2027 37. Egypt Box Gauge Market Analysis and Forecasts, 2020-2027 37.1. Market Size (Value) Estimates & Forecast By Material , 2020-2027 37.2. Market Size (Value) Estimates & Forecast By Design, 2020-2027 37.3. Market Size (Value) Estimates & Forecast By Technology, 2020-2027 38. Nigeria Box Gauge Market Analysis and Forecasts, 2020-2027 38.1. Market Size (Value) Estimates & Forecast By Material , 2020-2027 38.2. Market Size (Value) Estimates & Forecast By Design, 2020-2027 38.3. Market Size (Value) Estimates & Forecast By Technology, 2020-2027 39. Rest of ME&A Box Gauge Market Analysis and Forecasts, 2020-2027 39.1. Market Size (Value) Estimates & Forecast By Material , 2020-2027 39.2. Market Size (Value) Estimates & Forecast By Design, 2020-2027 39.3. Market Size (Value) Estimates & Forecast By Technology, 2020-2027 40. South America Box Gauge Market Analysis and Forecasts, 2020-2027 40.1. Market Size (Value) Estimates & Forecast By Material , 2020-2027 40.2. Market Size (Value) Estimates & Forecast By Design, 2020-2027 40.3. Market Size (Value) Estimates & Forecast By Technology, 2020-2027 41. South America Box Gauge Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2020-2027 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Box Gauge Market Analysis and Forecasts, 2020-2027 42.1. Market Size (Value) Estimates & Forecast By Material , 2020-2027 42.2. Market Size (Value) Estimates & Forecast By Design, 2020-2027 42.3. Market Size (Value) Estimates & Forecast By Technology, 2020-2027 43. Argentina Box Gauge Market Analysis and Forecasts, 2020-2027 43.1. Market Size (Value) Estimates & Forecast By Material , 2020-2027 43.2. Market Size (Value) Estimates & Forecast By Design, 2020-2027 43.3. Market Size (Value) Estimates & Forecast By Technology, 2020-2027 44. Rest of South America Box Gauge Market Analysis and Forecasts, 2020-2027 44.1. Market Size (Value) Estimates & Forecast By Material , 2020-2027 44.2. Market Size (Value) Estimates & Forecast By Design, 2020-2027 44.3. Market Size (Value) Estimates & Forecast By Technology, 2020-2027 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Box Gauge Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile : Key Players 45.3.1. Hydrotechnik, Inc. 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. ABB Group 45.3.3. Meyer Gauge Co. Inc. 45.3.4. Latest rage 45.3.5. Cygnus instruments, Inc. 45.3.6. Shenzhen Jumaoyuan Science and Tech. Co. Ltd. 45.3.7. YNIX GmbH & Co. KG 46. Primary Key Insights
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