North America Metal Feeler Gauge Market Size & Outlook
North America metal feeler gauge market, 2018-2030 (US$M)
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North America metal feeler gauge market highlights
- The North America metal feeler gauge market generated a revenue of USD 22.8 million in 2023.
- The market is expected to grow at a CAGR of 3.2% 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, Mexico is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 22.8 million |
| Market revenue in 2030 | USD 28.4 million |
| Growth rate | 3.2% (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, North America region accounted for 23.9% 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 70.18% in 2023. Horizon Databook has segmented the North America metal feeler gauge market based on steel, brass covering the revenue growth of each sub-segment from 2018 to 2030.
The North American metal feeler gauge market is experiencing notable expansion, fueled by a rich mix of industrial activities in the region. This increase in industrial activities heavily influences the surge in manufacturing operations across North America.
Key industries such as automotive, aerospace, electronics, and plastic molding heavily depend on metal feeler gauges for high-precision tasks. Within the automotive industry, these gauges play a crucial role in ensuring the efficiency and reliability of vital parts, including engine blockheads.
They are essential for measuring critical gaps and clearances, such as valve clearances, bearing gaps, spark plug spaces, and more, essentially serving as tools for assessing the space between two components. North America is characterized by a favorable business environment due to its advanced infrastructure, technological prowess, and strategic trade pacts like the U.S.-Mexico-Canada Agreement (USMCA).
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Metal Feeler Gauge Market Scope
Metal Feeler Gauge Market Companies
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North America metal feeler gauge market size, by country, 2018-2030 (US$M)
North America Metal Feeler Gauge Market Outlook Share, 2023 & 2030 (US$M)
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