In this report, LP Information covers the present scenario (with the base year being 2017) and the growth prospects of global Feeler Gauge market for 2018-2023.
Feeler Gauge is a thin metal strip of known thickness used to measure the gap widths. Mainly these gauges are used in the field of engineering. In engineering it is used to measure the gap present in between them.
As for the global feeler gauge industry, the industry structure is relatively stable. The top three manufacturers have one third revenue market share in 2015. The United States giant Stanley Black and Decker, which has 12.16% market share in 2015, is the leader in the feeler gauge industry. The manufacturers following Stanley Black and Decker are TTI and SnapOn, which respectively has 10.00% and 9.53% market share globally. The Great Star is the leader of China mainland feeler gauge industry. It sells a total of 1.88 million dollar feeler gauge products in the year of 2015.
The downstream industries of feeler gauge products are engineering and construction. In the recent years, with the recovery of global economic, the development of emerging countries and the spurring spending of automotive, the consumption increase of feeler gauge will be obvious. In the foreseeable future, the feeler gauge products will show an optimistic upward trend.
Although sales of feeler gauge products bring a lot of opportunities, the study group recommends the new entrants who just have money but without technical advantage, raw materials advantage and downstream support, do not enter into the feeler gauge field hastily.
Over the next five years, LPI(LP Information) projects that Feeler Gauge will register a 1.2% CAGR in terms of revenue, reach US$ 110 million by 2023, from US$ 100 million in 2017.
This report presents a comprehensive overview, market shares, and growth opportunities of Feeler Gauge market by product type, application, key manufacturers and key regions.
To calculate the market size, LP Information considers value and volume generated from the sales of the following segments:
Segmentation by product type:
Flat Feeler Gauge
Wire Feeler Gauge
Ramp Feeler Gauge
Segmentation by application:
This report also splits the market by region:
Middle East and Africa
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
Stanley Black and Decker
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
To study and analyze the global Feeler Gauge consumption (value and volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Feeler Gauge market by identifying its various subsegments.
Focuses on the key global Feeler Gauge manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Feeler Gauge with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Feeler Gauge submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
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