This report studies the Touch Probes market. A touch probe enables machine tools to perform geometrical measurements inside its cutting area. The probe, a high precision switch, is the heart of the system and when it is integrated into the machine manufacturing process, it can determine workpiece and/or tool sizes and identify part locations. It can enhance part quality, improve productivity and reduce operator set-up time.
Global Touch Probes key players include Renishaw, Heidenhain, Hexagon AB, Haff-Schneider, etc. Global top four manufacturers hold a share over 60%.
China is the largest market, with a share about 35%, followed by Europe and North America, both have a share about 50 percent.
In terms of product, Optical Touch Probes is the largest segment, with a share about 55%. And in terms of application, the largest application is Machine Tools, followed by CMM, etc.

Market Analysis and Insights: Global Touch Probes Market
In 2020, the global Touch Probes market size was US$ 1011 million and it is expected to reach US$ 2125.2 million by the end of 2027, with a CAGR of 11.2% during 2021-2027.
Global Touch Probes Scope and Market Size
Touch Probes market is segmented by region, by country, company, type, application and by sales channels. Players, stakeholders, and other participants in the global Touch Probes market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region, by country, company, type, application and by sales channels for the period 2016-2027.

Segment by Type, the Touch Probes market is segmented into
Optical Touch Probes
Radio Touch Probes
Others

Segment by Application, the Touch Probes market is segmented into
Machine Tools
CMM
Others

Regional and Country-level Analysis:
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
India
Southeast Asia
Australia
Rest of Asia-Pacific
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA

Competitive Landscape and Touch Probes Market Share Analysis
Touch Probes market competitive landscape provides details and data information by companies. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2016-2021. It also offers detailed analysis supported by reliable statistics on sale and revenue by players for the period 2016-2021. Details included are company description, major business, Touch Probes product introduction, recent developments, Touch Probes sales by region, type, application and by sales channel.

The major companies include:
Renishaw
Heidenhain
Hexagon AB
Marposs
Haff-Schneider
ZEISS
Blum-Novotest GmbH
OGP
Harbin Pioneer M&E Technical
Mahr GmbH
Tormach Inc.
Metrol
Micro-Vu
Centroid CNC