Europe Metal Feeler Gauge Market Size & Outlook, 2023-2030
Europe metal feeler gauge market, 2018-2030 (US$M)
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Europe metal feeler gauge market highlights
- The Europe metal feeler gauge market generated a revenue of USD 24.9 million in 2023.
- The market is expected to grow at a CAGR of 2.7% from 2024 to 2030.
- In terms of segment, steel was the largest revenue generating material in 2023.
- Brass is the most lucrative material segment registering the fastest growth during the forecast period.
- Country-wise, Germany is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 24.9 million |
| Market revenue in 2030 | USD 30.2 million |
| Growth rate | 2.7% (CAGR from 2023 to 2030) |
| Largest segment | Steel |
| Fastest growing segment | Brass |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Steel, Brass |
| Key market players worldwide | Starrett, Stanley Black & Decker, MW Industries, Precision Brand Products, SKF AB ADR, Bahco, Gedore, Vogel Germany |
Other key industry trends
- In terms of revenue, Europe region accounted for 26.1% of the global metal feeler gauge market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 46.7 million by 2030.
Steel was the largest segment with a revenue share of 71.08% in 2023. Horizon Databook has segmented the Europe metal feeler gauge market based on steel, brass covering the revenue growth of each sub-segment from 2018 to 2030.
Europe’s strong emphasis on automotive manufacturing is contributing to the metal feeler gauge market growth in the region. Metal feeler gauges are essential components used extensively in vehicles for applications ranging from engine assemblies and spark plug gaps to other critical components.
As Europe-based automotive manufacturers continue to innovate and adapt to stringent emission regulations and consumer demands for fuel efficiency and safety, the demand for high-quality metal feeler gauges that enhance the performance and durability of vehicles will continue to remain high.
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Metal Feeler Gauge Market Scope
Metal Feeler Gauge Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe metal feeler gauge market size, by country, 2018-2030 (US$M)
Europe Metal Feeler Gauge Market Outlook Share, 2023 & 2030 (US$M)
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