The 2022 Report on Inspection, Quality Control, Tool Room, and Machinists’ Precision Measuring Tools: World Market Segmentation by City

The 2022 Report on Inspection, Quality Control, Tool Room, and Machinists’ Precision Measuring Tools: World Market Segmentation by City

  • July 2021 •
  • 525 pages •
  • Report ID: 6118780 •
  • Format: PDF
This report was created for global strategic planners who cannot be content with traditional methods of segmenting world markets. With the advent of a "borderless world", cities become a more important criteria in prioritizing markets, as opposed to regions, continents, or countries. This report covers the top 2,000 cities in over 200 countries. It does so by reporting the estimated market size (in terms of latent demand) for each major city of the world. It then ranks these cities and reports them in terms of their size as a percent of the country where they are located, their geographic region (e.g. Africa, Asia, Europe, Middle East, North America, Latin America), and the total world market.

This study covers inspection, quality control, tool room, and machinists’ precision measuring tools as defined by the North American Industrial Classification system or NAICS (pronounced "nakes").

The NAICS code for inspection, quality control, tool room, and machinists’ precision measuring tools is 3322129. It is for this definition that aggregate latent demand estimates are derived. Inspection, quality control, tool room, and machinists’ precision measuring tools is specifically defined as follows:

3322129 Precision measuring tools (inspection, quality control, tool room, and machinist

33221291 Precision measuring tools (inspection, quality control, tool room, and machinists’)

33221292 Pneumatic and electronic precision measuring gauges (manual and automatic)

33221293 Coordinate and contour precision measuring machines (inspection and gauging)

33221294 Parts and accessories for machinists’ precision measuring tools (sold separately)

3322129101 Precision measuring tools (inspection, quality control, tool room, and machinists’), comparators (excluding optical)

3322129106 Precision measuring tools (inspection, quality control, tool room, and machinists’), fixture type, fixed size precision measuring limit gauges (American Gauge Design Type C58_61)

3322129111 Precision measuring tools (inspection, quality control, tool room, and machinists’), thread type, fixed size precision measuring limit gauges (American Gauge Design Type C58_61)

3322129116 Precision measuring tools (inspection, quality control, tool room, and machinists’), adjustable size

3322129121 Precision measuring gauge blocks

This study covers the world outlook for inspection, quality control, tool room, and machinists’ precision measuring tools across more than 2,000 cities. For the year reported, estimates are given for the latent demand, or potential industry earnings (P.I.E.), for the city in question (in millions of U.S. dollars), the percent share the city is of the region, and of the globe. These comparative benchmarks allow the reader to quickly gauge a city vis-à-vis others. Using econometric models which project fundamental economic dynamics within each country and across countries, latent demand estimates are created. This report does not discuss the specific players in the market serving the latent demand, nor specific details at the product level. The study also does not consider short-term cyclicalities that might affect realized sales. The study, therefore, is strategic in nature, taking an aggregate and long-run view, irrespective of the players or products involved.

This study does not report actual sales data (which are simply unavailable, in a comparable or consistent manner in virtually all of the cities of the world). This study gives, however, Professor Parker’s estimates for the worldwide latent demand, or the P.I.E., for inspection, quality control, tool room, and machinists’ precision measuring tools. It also shows how the P.I.E. is divided across the world’s cities. In order to make these estimates, a multi-stage methodology was employed that is often taught in courses on international strategic planning at graduate schools of business.