Depth Gauge Market Forecast, Trend Analysis & Competition Tracking-Global Market Insights 2018 to 2028

Depth Gauge Market: Definition and Introduction

A depth gauge is a measurement device used to accurately measure the depth of cavities, holes or recesses, grooves or other type of openings. Depth gauges are manually operated devices that use simple physical mechanisms to measure the depth of a cavity from a flat surface and display the reading or finding through an analog or a digital display. They can easily measure depths up to 1000 millimeters. A commonly used variety of depth gauge consists of a ruler, a base through which the ruler can slide upwards or downwards and a screw used to lock the ruler in place at any point. The base is placed on the reference surface, while the ruler is lowered into the opening, sliding at a right angle to the base until it reaches the bottom of the opening. Measurements can be taken through the markings on the ruler itself or through digital displays.  A depth gauge provides reliable and accurate depth measurement of crevices, holes or slots in all kinds of product manufacturing, machining or assembly applications. Depth gauges are easy to use and require low maintenance; however, proper calibration and ongoing recalibration is required, depending on the frequency of use.

Considering these aspects of depth gauges, the study of the trends and forecasts of the depth gauge market becomes an important read.

Depth Gauge Market: Segmentation

On the basis of type, the depth gauge market can be segmented as,

• Fixed
• Variable
• Micrometer Type
• Caliper Type
• Dial Type

On the basis of display type, the depth gauge market can be segmented as,

• Analog
• Digital

On the basis of end use, the depth gauge market can be segmented as,

• Electrical & Electronic Products Manufacturing
• Machinery & Tools Manufacturing
• Automotive Manufacturing
• Other Manufacturing

Depth Gauge Market: Dynamics

Depth gauges find frequent application across different industries, owing to their simple configuration and critical applications. A depth gauge enables precise and quick depth measurement of holes, slots and grooves, which is necessary for the final product manufacturing or pass/fail result in case of inspection of the finished product. Players are focusing on product quality and minimization of product failures to achieve high production efficiency, lower rework costs, increase profitability and provide customers with best results.  

Apart from industrial and manufacturing environments, a depth gauge is also used for other applications such as measurement of threading depth in vehicle tires. Law enforcement officials are sometimes equipped with depth gauges to find the suitability of a vehicle with worn out tires plying on roads. Such extensive applications of depth gauges will drive their market growth over the forecast period. Tightening consumer safety regulations regarding the quality of products and the critical role played by depth gauges in minimizing product failures will additionally drive the market growth. The growing consumer electronics, automotive and industrial equipment markets will also drive the growth for the depth gauge market.

Depth Gauge Market: Regional Outlook

The demand for depth gauges is slated to grow at a good pace over the next five to ten years with increasing demand for quick, easy and accurate depth measurement applications in industries. Asia Pacific is expected to be a significant market for depth gauges as it accounts for the largest vehicle production and sales, as well as high demand for consumer products and industrial equipment in the world. Also, manufacturers of depth gauges can capitalize on the increasingly stringent safety regulations in Europe and North America, which are also large markets for depth gauges with well-developed industrial sectors. Toughening industrial safety regulations in these regions will help drive the depth gauge market. China, the U.S., Germany, the U.K. and India are some of the key countries driving the depth gauge market.

Depth Gauge Market: Market Participants

Examples of some of the market participants identified in the depth gauge market include,

• Adolf Würth GmbH & Co. KG
• Alpa Metrology
• Baker Gauges India Private Limited
• Bocchicontrol
• Bowers Group (Baty International)
• DIATEST Hermann Költgen GmbH
• Facom
• Fowler High Precision, Inc
• Hausherr System Bohrtechnik GmbH
• S. Starrett Company
• Sylvac SA
• Teclock Corporation
• Tresna Instruments

This analytical research study imparts an all-inclusive assessment on the market, while propounding historical intelligence, actionable insights, and industry-validated & statistically-upheld market forecast. Verified and suitable set of assumptions and methodology has been leveraged for developing this comprehensive study. Information and analysis on key market segments incorporated in the report has been delivered in weighted chapters. A thorough analysis has been offered by the report on

• Market Dynamics
• Market Size
• Market Segments
• Demand & Supply Trends
• Current Issues and Challenges
• Companies and Competitor Landscape
• Value Chain
• Technology

Regional Segments Analyzed Include

• North America (U.S., Canada)
• Latin America (Mexico. Brazil)
• Western Europe (Germany, Italy, France, U.K, Spain)
• Eastern Europe (Poland, Russia)
• Asia Pacific (China, India, ASEAN, Australia & New Zealand)
• Japan
• Middle East and Africa (GCC, S. Africa, N. Africa)

Compilation of authentic and first-hand intelligence, insights offered in the report are based on quantitative and qualitative assessment by leading industry experts, and inputs from opinion leaders & industry participants around the value chain. Growth determinants, macroeconomic indicators, and parent market trends have been scrutinized and delivered, coupled with the market attractiveness for each market segment encompassed. Qualitative impact of growth influencers on the market segments across regions has also been mapped by the report.

Highlights from the Report

• Elaborated scenario of the parent market
• Transformations in the market dynamics
• Detailed segmentation of the target market
• Historical, current and forecast market size based on value and volume
• Latest industry developments and trends
• Competition landscape
• Strategies adopted by the market players and product developments made
• Potential and niche segments, along with their regional analysis
• Unbiased analysis on performance of the market
• Up-to-date and must-have intelligence for the market players to enhance and sustain their competitiveness

NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Fact.MR