Calibration Services Market Size 2024-2028
The calibration services market size is forecast to increase by USD 1.79 billion at a CAGR of 5.54% between 2023 and 2028. The market is driven by several factors, including the need for adherence to stringent regulations concerning product safety, quality, and compliance. companies continue to introduce innovative calibration solutions to meet this demand. However, the shortage of skilled calibration professionals poses a significant challenge to market growth. In the US market, instruments such as analog and digital multimeters, calipers, chart recorders, clamp-on ammeters, data loggers, dial indicators, force gauges, micrometers, oscilloscopes, and signal analyzers are extensively used for calibration purposes. As the demand for precise and accurate measurement solutions increases, the market is expected to witness steady growth. To remain competitive, market players must focus on enhancing their service offerings and investing in advanced technologies to meet the evolving needs of their clients. Additionally, the increasing adoption of Industry 4.0 and the Internet of Things (IoT) in manufacturing processes is creating new opportunities for calibration services providers, particularly in the areas of predictive maintenance and real-time monitoring. By providing reliable and efficient calibration services, companies can help ensure the optimal performance of various measurement instruments used in industries such as automotive, healthcare, energy, and manufacturing.
What will be the Size of the Market During the Forecast Period?
1 Executive Summary
- 1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market by Geography
- Executive Summary - Chart on Market Segmentation by Service Type
- Executive Summary - Chart on Market Segmentation by Service
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning
2 Technavio Analysis
- 2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- 2.2 Criticality of inputs and Factors of differentiation
- Overview on criticality of inputs and factors of differentiation
- 2.3 Factors of disruption
- Overview on factors of disruption
- 2.4 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028
3 Market Landscape
- 3.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
- 3.2 Market characteristics
- Market characteristics analysis
4 Market Sizing
- 4.1 Market definition
- Offerings of companies included in the market definition
- 4.2 Market segment analysis
- 4.4 Market outlook: Forecast for 2023-2028
- Chart on Global - Market size and forecast 2023-2028 ($ million)
- Data Table on Global - Market size and forecast 2023-2028 ($ million)
- Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Data Table on Global Market: Year-over-year growth 2023-2028 (%)
5 Historic Market Size
- 5.1 Global Calibration Services Market 2018 - 2022
- Historic Market Size - Data Table on Global Calibration Services Market 2018 - 2022 ($ million)
- 5.2 Service Type segment analysis 2018 - 2022
- Historic Market Size - Service Type Segment 2018 - 2022 ($ million)
- 5.3 Service segment analysis 2018 - 2022
- Historic Market Size - Service Segment 2018 - 2022 ($ million)
- 5.4 Geography segment analysis 2018 - 2022
- Historic Market Size - Geography Segment 2018 - 2022 ($ million)
- 5.5 Country segment analysis 2018 - 2022
- Historic Market Size - Country Segment 2018 - 2022 ($ million)
6 Additional Value/Volume Data
- 6.1 Global calibration services market by country 2023 - 2028 ($ million)
- Market Size (value) - Data Table on Global calibration services market by Country 2023 - 2028 ($ million)
7 Five Forces Analysis
- 7.1 Five forces summary
- Five forces analysis - Comparison between 2023 and 2028
- 7.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2023 and 2028
- 7.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2023 and 2028
- 7.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2023 and 2028
- 7.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2023 and 2028
- 7.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2023 and 2028
- 7.7 Market condition
- Chart on Market condition - Five forces 2023 and 2028
8 Market Segmentation by Service Type
- 8.1 Market segments
- Chart on Service Type - Market share 2023-2028 (%)
- Data Table on Service Type - Market share 2023-2028 (%)
- 8.2 Comparison by Service Type
- Chart on Comparison by Service Type
- Data Table on Comparison by Service Type
- 8.3 Electrical - Market size and forecast 2023-2028
- Chart on Electrical - Market size and forecast 2023-2028 ($ million)
- Data Table on Electrical - Market size and forecast 2023-2028 ($ million)
- Chart on Electrical - Year-over-year growth 2023-2028 (%)
- Data Table on Electrical - Year-over-year growth 2023-2028 (%)
- 8.4 Mechanical - Market size and forecast 2023-2028
- Chart on Mechanical - Market size and forecast 2023-2028 ($ million)
- Data Table on Mechanical - Market size and forecast 2023-2028 ($ million)
- Chart on Mechanical - Year-over-year growth 2023-2028 (%)
- Data Table on Mechanical - Year-over-year growth 2023-2028 (%)
- 8.5 Thermodynamic - Market size and forecast 2023-2028
- Chart on Thermodynamic - Market size and forecast 2023-2028 ($ million)
- Data Table on Thermodynamic - Market size and forecast 2023-2028 ($ million)
- Chart on Thermodynamic - Year-over-year growth 2023-2028 (%)
- Data Table on Thermodynamic - Year-over-year growth 2023-2028 (%)
- 8.6 Dimensional/physical - Market size and forecast 2023-2028
- Chart on Dimensional/physical - Market size and forecast 2023-2028 ($ million)
- Data Table on Dimensional/physical - Market size and forecast 2023-2028 ($ million)
- Chart on Dimensional/physical - Year-over-year growth 2023-2028 (%)
- Data Table on Dimensional/physical - Year-over-year growth 2023-2028 (%)
- 8.7 Market opportunity by Service Type
- Market opportunity by Service Type ($ million)
- Data Table on Market opportunity by Service Type ($ million)
9 Market Segmentation by Service
- 9.1 Market segments
- Chart on Service - Market share 2023-2028 (%)
- Data Table on Service - Market share 2023-2028 (%)
- 9.2 Comparison by Service
- Chart on Comparison by Service
- Data Table on Comparison by Service
- 9.3 Third party vendors - Market size and forecast 2023-2028
- Chart on Third party vendors - Market size and forecast 2023-2028 ($ million)
- Data Table on Third party vendors - Market size and forecast 2023-2028 ($ million)
- Chart on Third party vendors - Year-over-year growth 2023-2028 (%)
- Data Table on Third party vendors - Year-over-year growth 2023-2028 (%)
- 9.4 In-house laboratories - Market size and forecast 2023-2028
- Chart on In-house laboratories - Market size and forecast 2023-2028 ($ million)
- Data Table on In-house laboratories - Market size and forecast 2023-2028 ($ million)
- Chart on In-house laboratories - Year-over-year growth 2023-2028 (%)
- Data Table on In-house laboratories - Year-over-year growth 2023-2028 (%)
- 9.5 OEMs - Market size and forecast 2023-2028
- Chart on OEMs - Market size and forecast 2023-2028 ($ million)
- Data Table on OEMs - Market size and forecast 2023-2028 ($ million)
- Chart on OEMs - Year-over-year growth 2023-2028 (%)
- Data Table on OEMs - Year-over-year growth 2023-2028 (%)
- 9.6 Market opportunity by Service
- Market opportunity by Service ($ million)
- Data Table on Market opportunity by Service ($ million)
10 Customer Landscape
- 10.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
11 Geographic Landscape
- 11.1 Geographic segmentation
- Chart on Market share by geography 2023-2028 (%)
- Data Table on Market share by geography 2023-2028 (%)
- 11.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
- 11.3 APAC - Market size and forecast 2023-2028
- Chart on APAC - Market size and forecast 2023-2028 ($ million)
- Data Table on APAC - Market size and forecast 2023-2028 ($ million)
- Chart on APAC - Year-over-year growth 2023-2028 (%)
- Data Table on APAC - Year-over-year growth 2023-2028 (%)
- 11.4 North America - Market size and forecast 2023-2028
- Chart on North America - Market size and forecast 2023-2028 ($ million)
- Data Table on North America - Market size and forecast 2023-2028 ($ million)
- Chart on North America - Year-over-year growth 2023-2028 (%)
- Data Table on North America - Year-over-year growth 2023-2028 (%)
- 11.5 Europe - Market size and forecast 2023-2028
- Chart on Europe - Market size and forecast 2023-2028 ($ million)
- Data Table on Europe - Market size and forecast 2023-2028 ($ million)
- Chart on Europe - Year-over-year growth 2023-2028 (%)
- Data Table on Europe - Year-over-year growth 2023-2028 (%)
- 11.6 Middle East and Africa - Market size and forecast 2023-2028
- Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- 11.7 South America - Market size and forecast 2023-2028
- Chart on South America - Market size and forecast 2023-2028 ($ million)
- Data Table on South America - Market size and forecast 2023-2028 ($ million)
- Chart on South America - Year-over-year growth 2023-2028 (%)
- Data Table on South America - Year-over-year growth 2023-2028 (%)
- 11.8 US - Market size and forecast 2023-2028
- Chart on US - Market size and forecast 2023-2028 ($ million)
- Data Table on US - Market size and forecast 2023-2028 ($ million)
- Chart on US - Year-over-year growth 2023-2028 (%)
- Data Table on US - Year-over-year growth 2023-2028 (%)
- 11.9 China - Market size and forecast 2023-2028
- Chart on China - Market size and forecast 2023-2028 ($ million)
- Data Table on China - Market size and forecast 2023-2028 ($ million)
- Chart on China - Year-over-year growth 2023-2028 (%)
- Data Table on China - Year-over-year growth 2023-2028 (%)
- 11.10 Germany - Market size and forecast 2023-2028
- Chart on Germany - Market size and forecast 2023-2028 ($ million)
- Data Table on Germany - Market size and forecast 2023-2028 ($ million)
- Chart on Germany - Year-over-year growth 2023-2028 (%)
- Data Table on Germany - Year-over-year growth 2023-2028 (%)
- 11.11 UK - Market size and forecast 2023-2028
- Chart on UK - Market size and forecast 2023-2028 ($ million)
- Data Table on UK - Market size and forecast 2023-2028 ($ million)
- Chart on UK - Year-over-year growth 2023-2028 (%)
- Data Table on UK - Year-over-year growth 2023-2028 (%)
- 11.12 Japan - Market size and forecast 2023-2028
- Chart on Japan - Market size and forecast 2023-2028 ($ million)
- Data Table on Japan - Market size and forecast 2023-2028 ($ million)
- Chart on Japan - Year-over-year growth 2023-2028 (%)
- Data Table on Japan - Year-over-year growth 2023-2028 (%)
- 11.13 India - Market size and forecast 2023-2028
- Chart on India - Market size and forecast 2023-2028 ($ million)
- Data Table on India - Market size and forecast 2023-2028 ($ million)
- Chart on India - Year-over-year growth 2023-2028 (%)
- Data Table on India - Year-over-year growth 2023-2028 (%)
- 11.14 Market opportunity by geography
- Market opportunity by geography ($ million)
- Data Tables on Market opportunity by geography ($ million)
12 Drivers, Challenges, and Opportunity/Restraints
- 12.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028
- 12.4 Market opportunities/restraints
13 Competitive Landscape
- 13.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
- 13.3 Landscape disruption
- Overview on factors of disruption
- 13.4 Industry risks
- Impact of key risks on business
14 Competitive Analysis
- 14.2 Company ranking index
- 14.3 Market positioning of companies
- Matrix on companies position and classification
- 14.4 ABB Ltd.
- ABB Ltd. - Overview
- ABB Ltd. - Business segments
- ABB Ltd. - Key news
- ABB Ltd. - Key offerings
- ABB Ltd. - Segment focus
- SWOT
- 14.5 Endress Hauser Group Services AG
- Endress Hauser Group Services AG - Overview
- Endress Hauser Group Services AG - Product / Service
- Endress Hauser Group Services AG - Key news
- Endress Hauser Group Services AG - Key offerings
- SWOT
- 14.6 ESSCO Calibration Laboratory
- ESSCO Calibration Laboratory - Overview
- ESSCO Calibration Laboratory - Product / Service
- ESSCO Calibration Laboratory - Key offerings
- SWOT
- 14.7 Hexagon AB
- Hexagon AB - Overview
- Hexagon AB - Business segments
- Hexagon AB - Key offerings
- Hexagon AB - Segment focus
- SWOT
- 14.8 Keysight Technologies Inc.
- Keysight Technologies Inc. - Overview
- Keysight Technologies Inc. - Business segments
- Keysight Technologies Inc. - Key news
- Keysight Technologies Inc. - Key offerings
- Keysight Technologies Inc. - Segment focus
- SWOT
- 14.9 Micro Precision Calibration
- Micro Precision Calibration - Overview
- Micro Precision Calibration - Product / Service
- Micro Precision Calibration - Key offerings
- SWOT
- 14.10 National Instruments Corp.
- National Instruments Corp. - Overview
- National Instruments Corp. - Product / Service
- National Instruments Corp. - Key offerings
- SWOT
- 14.11 Omega Engineering Inc.
- Omega Engineering Inc. - Overview
- Omega Engineering Inc. - Product / Service
- Omega Engineering Inc. - Key offerings
- SWOT
- 14.12 Rohde and Schwarz GmbH and Co. KG
- Rohde and Schwarz GmbH and Co. KG - Overview
- Rohde and Schwarz GmbH and Co. KG - Product / Service
- Rohde and Schwarz GmbH and Co. KG - Key news
- Rohde and Schwarz GmbH and Co. KG - Key offerings
- SWOT
- 14.13 Siemens AG
- Siemens AG - Overview
- Siemens AG - Business segments
- Siemens AG - Key news
- Siemens AG - Key offerings
- Siemens AG - Segment focus
- SWOT
- 14.14 SIMCO Electronics
- SIMCO Electronics - Overview
- SIMCO Electronics - Product / Service
- SIMCO Electronics - Key offerings
- SWOT
- 14.15 Tektronix Inc.
- Tektronix Inc. - Overview
- Tektronix Inc. - Product / Service
- Tektronix Inc. - Key offerings
- SWOT
- 14.16 Transcat Inc.
- Transcat Inc. - Overview
- Transcat Inc. - Business segments
- Transcat Inc. - Key offerings
- Transcat Inc. - Segment focus
- SWOT
- 14.17 Trescal International SAS
- Trescal International SAS - Overview
- Trescal International SAS - Product / Service
- Trescal International SAS - Key offerings
- SWOT
- 14.18 Viavi Solutions Inc.
- Viavi Solutions Inc. - Overview
- Viavi Solutions Inc. - Business segments
- Viavi Solutions Inc. - Key news
- Viavi Solutions Inc. - Key offerings
- Viavi Solutions Inc. - Segment focus
- SWOT
15 Appendix
- 15.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
- 15.3 Currency conversion rates for US$
- Currency conversion rates for US$
- 15.4 Research methodology
- 15.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
- 15.9 360 degree market analysis
- 360 degree market analysis
- 15.10 List of abbreviations
Get the report (PDF) sent to your email within minutes.