Inclinometers Market Size, Share, Growth, and Industry Analysis, By Type (Mechanical, Digital, Electronic and Others), By Application (Civil Engineering, Electric Industry, Drilling Industry and Others) Regional Insights and Forecast to 2031

Updated On: 29 April 2024

Inclinometers Market REPORT OVERVIEW

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The global inclinometers market size was USD 2148.15 million in 2021. As per our research, the market is projected to touch USD 3138.59 million by 2027, exhibiting a CAGR of 6.52% during the forecast period.  The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

An inclinometer, also known as a clinometer, is a device used to measure the angle of slope, elevation, or depression of an object with respect to the direction of gravity. It is also referred to as a tilt sensor, tilt metre, slope alert, slope gauge, gradient metre, gradiometer, level gauge, level metre, declinometer, and pitch & roll indicator. Clinometers measure slopes and declines in three separate units: degrees, percentage points, and topos. From ancient times to the Renaissance, inclinometers such as the astrolabe were employed for celestial navigation and the positioning of astronomical objects.

Hand-held clinometers are used for a wide range of surveying and measuring operations. A clinometer can be used for cave surveying or land surveying and mapping to offer a quick measurement of the slope of a geographic landmark. Clinometers are used in mineral prospecting to determine the strike and dip of geologic formations. In forestry, tree height can be measured with a clinometer using standardised procedures such as triangulation. Major artillery weapons may be equipped with a clinometer to aid in shell aiming across great distances. Permanent tiltmeters are installed at significant earthworks such as dams to check the structure's long-term stability.

COVID-19 Impact: Decreased Industrial Activities and Shift in Priorities Resulted in Decreased Market Share

Many industry experienced slowdowns or brief shutdowns during the pandemic's early phases. Because of the uncertainty about the future, businesses were unwilling to invest in new equipment, reducing demand for inclinometers. Certain businesses, notably those dealing in crucial commodities and e-commerce, reported an increase in demand for their services throughout the epidemic. This shift in demand patterns impacted the demand for material handling equipment, particularly hydraulic dock lifts, across a variety of industries. The epidemic heightened the importance of workplace safety and sanitation. Companies that purchase new equipment, such as hydraulic dock lifts, prioritizes features that promote worker safety, such as touch-free controls, improved hygienic processes, and ergonomic designs.

LATEST TRENDS

"Booming Automotive Industries and Rise in Electric Vehicles to Soar Up Market Potentially"

The automotive sector is flourishing all around the world. Furthermore, the electric car sector is expanding as a result of increased demand, government requirements, and other considerations. Environmental concerns, dwindling fossil fuels, growing fossil fuel prices, safety, ease of operation, and other considerations are propelling the electric car sector forward. As a result, the world's thriving automotive industry may generate future prospects for the Global Inclinometers Market to develop at a faster CAGR throughout the anticipated period.

Inclinometers Market SEGMENTATION

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• By Type

Based on type the market is classified as mechanical, digital, and electronic and others.

• By Application

Based on application the market is classified as civil engineering, electric industry, drilling industry and others.

DRIVING FACTORS

"Growing Construction Industry and Rapid Urbanization to Reinforce the Market Growth"

The construction segment dominated the global inclinometers market in 2017 due to increased demand for high-precision measurement equipment for usage in various sectors including as infrastructure development, mining, and civil engineering. Furthermore, major urbanization initiatives in developing nations such as China and India are expected to boost the expansion of this category throughout the forecast period.

"Increasing Demand from Defence and Aerospace Sector to Witness Tremendous Market Growth"

Inclinometer market expansion is expected to be driven by rising demand for inclination measurement in different industrial and automotive applications. The increased popularity of digital inclinometers due to features such as high accuracy, reliability, and portability is expected to drive market expansion. Rising inclination measurement requirements in the defense and aerospace sectors are expected to drive the inclinometers market during the forecast period. Increasing expenditures in research & development of new technologies for inclination measurement are expected to drive inclinometer market growth in the coming years.

RESTRAINING FACTOR

" Volatile Price of the Raw Materials to Obstruct the Market Growth"

The raw materials required to make the inclinometers have fluctuating prices. As a result, volatile raw material costs utilised in inclinometers, fluctuating import-export tariffs, and other factors may stifle inclinometers market growth.

Inclinometers Market REGIONAL INSIGHTS

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"North American Region to Dominate due to High Demand from the Various Sectors"

The North American region is predicted to have a large global inclinometers market share. The significant industrial sectors of the U.S. and Canada, including as manufacturing, automotive, and construction, fuel demand for inclinometers. North America accounted for a large revenue share in 2019 due to increased building activity and automotive production in the U.S., both of which are major application areas for inclinometer devices used for measuring. Furthermore, increased consumer electronics demand is expected to drive regional growth over the predicted period.

KEY INDUSTRY PLAYERS

"Financial Players to Contribute Towards Expansion of Market"

The market is highly competitive, with both international and domestic players. Major players are involved in the launch of new and improved products, collaborations, mergers and acquisitions, joint ventures, and other tactics. The research is an in-depth examination of a list of market participants who promote market growth. The data is a compilation of the most recent manufacturing industry trends, mergers and acquisitions, market research, and technology breakthroughs. To comprehend market share, product growth, revenue growth, and other variables over the forecast period, additional criteria such as regional and segmental analysis are considered.

List of Market Players Profiled

• Rieker Inc. (U.S.)
• Shanghai Zhichuan Electronic Tech (China)
• RST Instruments Ltd. (Canada)
• Apex Instruments (India)
• Murata (Japan)
• RODAR (India)
• Bosch (Germany)
• Kübler (Germany)
• Singer Instruments＆Control (Israel)
• GEOKON (U.S.)
• R＆B Mfg (U.S.)
• Fredericks (U.S.).

REPORT COVERAGE

The SWOT analysis and information on future developments are covered in the study.The research report includes a study of a number of factors that promote market growth. This section also covers the range of numerous market categories and applications that could potentially affect the market in the future. The specifics are based on current trends and historical turning points.The state of the market's components and its potential growth areas over the following years. The paper discusses market segmentation information, including subjective and quantitative research, as well as the impact of financial and strategy opinions. This report covers a comprehensive backdrop analysis, an assessment of the parent market, intensive study in the market dynamics. Past historical, current, and projected size of the market from the point of both value and volume. Researching of recent industry developments,  deep study on market shares and strategies of major players and the emerging niche segments and regional market areas are covered in the report.