Global Vernier Caliper Market  Size (2023 - 2030)

In 2022, the Global Vernier Caliper Market was valued at $1.63 billion, and is projected to reach a market size of $2.28 billion by 2030. Over the forecast period of 2023-2030, market is projected to grow at a CAGR of 4.3%.

Market Overview:  

Vernier caliperis a precision instrument and is used to measure internal and external distances with precision and accuracy. It is also used to measure the thickness and width of an object with maximum accuracy. It has two scales, one fixed and another one movable, that is aligned to read the same dimension when the jaws are closed. The scale on the movable jaw allows for more precise readings which cannot be achieved with a standard ruler or caliper. The growth of the vernier caliper market can be attributed to the growing demand for vernier calipers in laboratories and parts measurement. Vernier Calipers can be used in various fields, such as mechanical engineering, inspection, engineering design, metalworking, science, manufacturing, and others. Additionally, factors such as growing awareness related to precision measurement tools and the increasing adoption of digital vernier calipers are also contributing to the growth of the market.  

COVID-19 Impact on the Vernier Caliper Market: 

The COVID-19 outbreak first began in China in December 2019, and since then, it has stretched out around the globe at a fast pace. China, Italy, Iran, Spain, the Republic of Korea, France, Germany, and the US are the worst-affected countries about the positive cases and reported deaths, as of March 2020. The pandemic has affected economies and industries in several countries due to lockdowns, travel bans, and business shutdowns. Almost all the major industries faced serious disruptions such as supply chain breaks, technology events cancellations, and office shutdowns as a result of this outbreak. Thus, the overall market breakdown due to COVID-19 is also affecting the growth of the vernier caliper market due to the closing down of factories, disruptions in the demand-supply chain, and a setback in the world economy. 

Market Drivers: 

Rapid industrialization and digital innovation are boosting the market: 

The growing urbanization and industrialization along with technological advancements are together fuelling the demand for vernier calipers in the market. The adoption of vernier calipers for precise measurement and accuracy across various industries such as the electronics industry, food, and beverage industry, pharmaceutical industry, and others to maintain quality standards of the products is one of the major reasons for the increase in their demand, propelling the market size.  

The R&D involved with the accuracy and precision of the device is fostering the vernier caliper market: 

The growing capital investment for research and development associated with the accuracy and precision management of the vernier caliper devices are augmenting the market growth. The major players in the market are focussing on improving and enhancing product quality with advanced and innovative features without compromising the function of vernier calipers. Also, advancement and minimization of the size of integrated circuits are creating lucrative opportunities and are anticipated to contribute to the growth of the global vernier caliper market. 

Market Restraints: 

The availability of alternative devices is slowing down the growth rate of the vernier scale market: 

The availability of alternative measuring devices such as digital calipers isthe best alternative to Vernier calipers. They yield more accurate and precise values along with little or no chance of prospect of errors as in with the case of manual Vernier Calipers, hence hampering the growth of the market. 

VERNIER CALIPER MARKET REPORT COVERAGE:

This research report on the Vernier Caliper Market has been segmented and sub-segmented based on Type, Application, Region, and Key Companies. 

Vernier Caliper Market – By Type. 

• Metric Vernier Caliper 
• Twenty Degree of Vernier Caliper 
• Fifty Degree of Vernier Caliper 
• Others 

Based on the type, the Vernier Caliper market is segmented into 4 categories – Metric Vernier Caliper, Twenty Degree of Vernier Caliper, Fifty Degree of Vernier Caliper, and Others.  

The Twenty Degree of Vernier Caliper is used to measure the internal and external dimensions of an object. It has two scales, the main scale, and the vernier scale which slide along with each other. The main scale is fixed while the vernier scale is movable. 
A Fifty Degree of Vernier Caliper has a fifty-degree measuring angle. It is used for measuring the outside diameter and inside diameter of tubes, cylinders, or other round objects.  

Vernier Caliper Market – By Application. 

• Laboratory Measurements 
• Parts Measurements 
• Others 

Based on the application, the Vernier Caliper market is segmented into 3 categories – Laboratory Measurements, Parts Measurements, and Others.  

Vernier calipers are majorly used in laboratory applications for taking accurate and precise measurements. They are used to measure the thickness or width of an object, and also to determine the diameter or length of small objects. The jaws of the device can be adjusted accordingly to fit the size of the object being measured and a reading is taken from the scale that is on the instrument's body.  

Vernier Caliper Market – By Region. 

• North America 
• Europe 
• Asia-Pacific 
• Middle-East and Africa 
• South America 

North America is anticipated to hold the majority of the share of the vernier caliper market in 2030. This is due to the growing demand for precision measurement tools in the region. The existence of a large number of instrumentation manufacturers and distributors in regions such as the U.S. and Canada is also aiding the growth of the market in North America. 

The South American vernier caliper market is estimated to grow at the highest CAGR during the forecast period, 2023 - 2030. Owing to the rapid adoption of digital vernier calipers in this region. In addition, increasing industrialization and growing GDPs are also fostering the growth of the vernier caliper market in South America. 

In Europe, the vernier caliper market is anticipated to grow at a moderate rate during the outlook period. The growth of the market can be credited due to the growing demand for precision measurement tools from the automotive, pharmaceutical, and aerospace industries in the region. Also, the presence of several major instrumentation manufacturers in countries such as Germany, France, and Italy are aiding the growth of the vernier caliper market in Europe. 

Vernier Caliper Market – By Companies. 

1. Mitutoyo 
2. Starrett 
3. Mahr 
4. TESA 
5. Guanglu 
6. Qualityot 
7. LINKS 
8. Shanghai Tool Works 
9. Qinghai Measuring & Cutting Tools 
10. Chengdu Chengliang Tools 

Players in the vernier caliper market are likely to face fierce competition due to the existence of different numbers of local vendors, especially in China, leading to the introduction of various advanced products in the market during the outlook period.