Middle East & Africa Metal Feeler Gauge Market Size & Outlook
Middle East & Africa metal feeler gauge market, 2018-2030 (US$M)
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MEA metal feeler gauge market highlights
- The MEA metal feeler gauge market generated a revenue of USD 5.0 million in 2023.
- The market is expected to grow at a CAGR of 2.9% 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.
MEA data book summary
| Market revenue in 2023 | USD 5.0 million |
| Market revenue in 2030 | USD 6.1 million |
| Growth rate | 2.9% (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, MEA region accounted for 5.2% 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 72% in 2023. Horizon Databook has segmented the Middle East & Africa metal feeler gauge market based on steel, brass covering the revenue growth of each sub-segment from 2018 to 2030.
The Middle East & Africa market is expected to experience growth over the forecast period owing to the expansion of the automotive industry in the region. The automotive sector is a primary consumer of metal feeler gauges. In the MEA region, this growing sector has heightened the demand for metal feelers as they are used to reduce the gap between two manufactured parts such as block head and engine, thereby improving product efficiency.
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Metal Feeler Gauge Market Scope
Metal Feeler Gauge Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa metal feeler gauge market
Middle East & Africa Metal Feeler Gauge Market Outlook Share, 2023 & 2030 (US$M)
Middle East & Africa metal feeler gauge market
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