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MOUNTAIN VIEW, Calif.—A new study from Frost & Sullivan, Analysis of the Global Measurement Gages Market, found the market earned revenues of $178.8 million in 2013, and estimates revenue to reach $201.8 million in 2017. The analysis covered height gages, depth gages, plug-and-bore gages and ring gages.
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"Although established participants dominate the market, there are several Chinese measurement gages manufacturers that have made inroads into the APAC market with their low cost products.” explained Aravind Govindan, Frost & Sullivan Test and Measurement Senior Research Analyst. “Research indicates that a lack of marketing capabilities similar to some of their larger counterparts is likely to restrict the growth and business potential of some of the smaller participants.”
Brand visibility is evaluated as a key competitive criterion, which has led to a greater focus on this by market participants through the use of online channels and eCommerce websites as retailing points for measurement gages.
Analysis of the Global Measurement Gages Market is part of the Test and Measurement Growth Partnership Services program, which provides global Mega Trends: information on emerging markets, the latest technology innovations and market, economic, customer, competitive and best practices research.
For more, visit www.frost.com.