

A tool monitoring system is a device or solution designed to track usage patterns of specific tools within workshops or factories. It typically monitors factors such as how often certain tools are being utilized, what tasks they鈥檙e being employed towards, any calibration issues identified, and whether repairs or servicing should occur based on accumulated wear. There are standalone systems that could communicate wirelessly or via cables directly into larger database systems that would compile data across numerous machines at different locations to provide further insights for fleet management purposes. However, many modern machine tools today come equipped with computer controls that integrate with central data collection platforms via cloud connectivity for easy implementation.
The global market for Tool Monitoring System was estimated to be worth US$ 309 million in 2023 and is forecast to a readjusted size of US$ 420.6 million by 2030 with a CAGR of 4.5% during the forecast period 2024-2030
Factors driving the growth of the tool monitoring system market include increasing adoption of Industry 4.0 technologies, rising need for predictive maintenance strategies, growing requirement for asset visibility and traceability in industries like automotive, aerospace, oil and gas, mining, and pharmaceuticals.
However, concerns regarding privacy and security associated with connecting industrial equipment to the internet pose significant challenges for vendors operating in the tool monitoring system market. Limited awareness among end users, lack of standardization and compatibility between different types of sensors and communication protocols also act as barriers to entry in this market.
North America held the largest share of the tool monitoring system market due to early adoption of Industrial IoT technologies and presence of major players in the region. Asia Pacific is projected to witness strong growth owing to increasing investments in smart manufacturing initiatives and expanding manufacturing sector in developing countries like India and China.
Report Scope
This report aims to provide a comprehensive presentation of the global market for Tool Monitoring System, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Tool Monitoring System by region & country, by Type, and by Application.
The Tool Monitoring System market size, estimations, and forecasts are provided in terms of sales volume (K Units) and sales revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Tool Monitoring System.
麻豆原创 Segmentation
By Company
Marposs
MachineMetrics
Nordmann
Caron Engineering
Techna Tool
Korloy
Beijing Jingdiao Group
Emmaco UK
UTTec GmbH
DMG MORI
Sandvik Coromant
Kistler Group
Siger Data
Segment by Type:
Direct Monitoring System
Indirect Monitoring System
Segment by Application
Automotive
Aerospace and Defense
General Manufacturing
Others
By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (valve, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Tool Monitoring System manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Tool Monitoring System in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Tool Monitoring System in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
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1 麻豆原创 Overview
1.1 Tool Monitoring System Product Introduction
1.2 Global Tool Monitoring System 麻豆原创 Size Forecast
1.2.1 Global Tool Monitoring System Sales Value (2019-2030)
1.2.2 Global Tool Monitoring System Sales Volume (2019-2030)
1.2.3 Global Tool Monitoring System Sales Price (2019-2030)
1.3 Tool Monitoring System 麻豆原创 Trends & Drivers
1.3.1 Tool Monitoring System Industry Trends
1.3.2 Tool Monitoring System 麻豆原创 Drivers & Opportunity
1.3.3 Tool Monitoring System 麻豆原创 Challenges
1.3.4 Tool Monitoring System 麻豆原创 Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global Tool Monitoring System Players Revenue Ranking (2023)
2.2 Global Tool Monitoring System Revenue by Company (2019-2024)
2.3 Global Tool Monitoring System Players Sales Volume Ranking (2023)
2.4 Global Tool Monitoring System Sales Volume by Company Players (2019-2024)
2.5 Global Tool Monitoring System Average Price by Company (2019-2024)
2.6 Key Manufacturers Tool Monitoring System Manufacturing Base Distribution and Headquarters
2.7 Key Manufacturers Tool Monitoring System Product Offered
2.8 Key Manufacturers Time to Begin Mass Production of Tool Monitoring System
2.9 Tool Monitoring System 麻豆原创 Competitive Analysis
2.9.1 Tool Monitoring System 麻豆原创 Concentration Rate (2019-2024)
2.9.2 Global 5 and 10 Largest Manufacturers by Tool Monitoring System Revenue in 2023
2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Tool Monitoring System as of 2023)
2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 Direct Monitoring System
3.1.2 Indirect Monitoring System
3.2 Global Tool Monitoring System Sales Value by Type
3.2.1 Global Tool Monitoring System Sales Value by Type (2019 VS 2023 VS 2030)
3.2.2 Global Tool Monitoring System Sales Value, by Type (2019-2030)
3.2.3 Global Tool Monitoring System Sales Value, by Type (%) (2019-2030)
3.3 Global Tool Monitoring System Sales Volume by Type
3.3.1 Global Tool Monitoring System Sales Volume by Type (2019 VS 2023 VS 2030)
3.3.2 Global Tool Monitoring System Sales Volume, by Type (2019-2030)
3.3.3 Global Tool Monitoring System Sales Volume, by Type (%) (2019-2030)
3.4 Global Tool Monitoring System Average Price by Type (2019-2030)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Automotive
4.1.2 Aerospace and Defense
4.1.3 General Manufacturing
4.1.4 Others
4.2 Global Tool Monitoring System Sales Value by Application
4.2.1 Global Tool Monitoring System Sales Value by Application (2019 VS 2023 VS 2030)
4.2.2 Global Tool Monitoring System Sales Value, by Application (2019-2030)
4.2.3 Global Tool Monitoring System Sales Value, by Application (%) (2019-2030)
4.3 Global Tool Monitoring System Sales Volume by Application
4.3.1 Global Tool Monitoring System Sales Volume by Application (2019 VS 2023 VS 2030)
4.3.2 Global Tool Monitoring System Sales Volume, by Application (2019-2030)
4.3.3 Global Tool Monitoring System Sales Volume, by Application (%) (2019-2030)
4.4 Global Tool Monitoring System Average Price by Application (2019-2030)
5 Segmentation by Region
5.1 Global Tool Monitoring System Sales Value by Region
5.1.1 Global Tool Monitoring System Sales Value by Region: 2019 VS 2023 VS 2030
5.1.2 Global Tool Monitoring System Sales Value by Region (2019-2024)
5.1.3 Global Tool Monitoring System Sales Value by Region (2025-2030)
5.1.4 Global Tool Monitoring System Sales Value by Region (%), (2019-2030)
5.2 Global Tool Monitoring System Sales Volume by Region
5.2.1 Global Tool Monitoring System Sales Volume by Region: 2019 VS 2023 VS 2030
5.2.2 Global Tool Monitoring System Sales Volume by Region (2019-2024)
5.2.3 Global Tool Monitoring System Sales Volume by Region (2025-2030)
5.2.4 Global Tool Monitoring System Sales Volume by Region (%), (2019-2030)
5.3 Global Tool Monitoring System Average Price by Region (2019-2030)
5.4 North America
5.4.1 North America Tool Monitoring System Sales Value, 2019-2030
5.4.2 North America Tool Monitoring System Sales Value by Country (%), 2023 VS 2030
5.5 Europe
5.5.1 Europe Tool Monitoring System Sales Value, 2019-2030
5.5.2 Europe Tool Monitoring System Sales Value by Country (%), 2023 VS 2030
5.6 Asia Pacific
5.6.1 Asia Pacific Tool Monitoring System Sales Value, 2019-2030
5.6.2 Asia Pacific Tool Monitoring System Sales Value by Country (%), 2023 VS 2030
5.7 South America
5.7.1 South America Tool Monitoring System Sales Value, 2019-2030
5.7.2 South America Tool Monitoring System Sales Value by Country (%), 2023 VS 2030
5.8 Middle East & Africa
5.8.1 Middle East & Africa Tool Monitoring System Sales Value, 2019-2030
5.8.2 Middle East & Africa Tool Monitoring System Sales Value by Country (%), 2023 VS 2030
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Tool Monitoring System Sales Value Growth Trends, 2019 VS 2023 VS 2030
6.2 Key Countries/Regions Tool Monitoring System Sales Value
6.2.1 Key Countries/Regions Tool Monitoring System Sales Value, 2019-2030
6.2.2 Key Countries/Regions Tool Monitoring System Sales Volume, 2019-2030
6.3 United States
6.3.1 United States Tool Monitoring System Sales Value, 2019-2030
6.3.2 United States Tool Monitoring System Sales Value by Type (%), 2023 VS 2030
6.3.3 United States Tool Monitoring System Sales Value by Application, 2023 VS 2030
6.4 Europe
6.4.1 Europe Tool Monitoring System Sales Value, 2019-2030
6.4.2 Europe Tool Monitoring System Sales Value by Type (%), 2023 VS 2030
6.4.3 Europe Tool Monitoring System Sales Value by Application, 2023 VS 2030
6.5 China
6.5.1 China Tool Monitoring System Sales Value, 2019-2030
6.5.2 China Tool Monitoring System Sales Value by Type (%), 2023 VS 2030
6.5.3 China Tool Monitoring System Sales Value by Application, 2023 VS 2030
6.6 Japan
6.6.1 Japan Tool Monitoring System Sales Value, 2019-2030
6.6.2 Japan Tool Monitoring System Sales Value by Type (%), 2023 VS 2030
6.6.3 Japan Tool Monitoring System Sales Value by Application, 2023 VS 2030
6.7 South Korea
6.7.1 South Korea Tool Monitoring System Sales Value, 2019-2030
6.7.2 South Korea Tool Monitoring System Sales Value by Type (%), 2023 VS 2030
6.7.3 South Korea Tool Monitoring System Sales Value by Application, 2023 VS 2030
6.8 Southeast Asia
6.8.1 Southeast Asia Tool Monitoring System Sales Value, 2019-2030
6.8.2 Southeast Asia Tool Monitoring System Sales Value by Type (%), 2023 VS 2030
6.8.3 Southeast Asia Tool Monitoring System Sales Value by Application, 2023 VS 2030
6.9 India
6.9.1 India Tool Monitoring System Sales Value, 2019-2030
6.9.2 India Tool Monitoring System Sales Value by Type (%), 2023 VS 2030
6.9.3 India Tool Monitoring System Sales Value by Application, 2023 VS 2030
7 Company Profiles
7.1 Marposs
7.1.1 Marposs Company Information
7.1.2 Marposs Introduction and Business Overview
7.1.3 Marposs Tool Monitoring System Sales, Revenue and Gross Margin (2019-2024)
7.1.4 Marposs Tool Monitoring System Product Offerings
7.1.5 Marposs Recent Development
7.2 MachineMetrics
7.2.1 MachineMetrics Company Information
7.2.2 MachineMetrics Introduction and Business Overview
7.2.3 MachineMetrics Tool Monitoring System Sales, Revenue and Gross Margin (2019-2024)
7.2.4 MachineMetrics Tool Monitoring System Product Offerings
7.2.5 MachineMetrics Recent Development
7.3 Nordmann
7.3.1 Nordmann Company Information
7.3.2 Nordmann Introduction and Business Overview
7.3.3 Nordmann Tool Monitoring System Sales, Revenue and Gross Margin (2019-2024)
7.3.4 Nordmann Tool Monitoring System Product Offerings
7.3.5 Nordmann Recent Development
7.4 Caron Engineering
7.4.1 Caron Engineering Company Information
7.4.2 Caron Engineering Introduction and Business Overview
7.4.3 Caron Engineering Tool Monitoring System Sales, Revenue and Gross Margin (2019-2024)
7.4.4 Caron Engineering Tool Monitoring System Product Offerings
7.4.5 Caron Engineering Recent Development
7.5 Techna Tool
7.5.1 Techna Tool Company Information
7.5.2 Techna Tool Introduction and Business Overview
7.5.3 Techna Tool Tool Monitoring System Sales, Revenue and Gross Margin (2019-2024)
7.5.4 Techna Tool Tool Monitoring System Product Offerings
7.5.5 Techna Tool Recent Development
7.6 Korloy
7.6.1 Korloy Company Information
7.6.2 Korloy Introduction and Business Overview
7.6.3 Korloy Tool Monitoring System Sales, Revenue and Gross Margin (2019-2024)
7.6.4 Korloy Tool Monitoring System Product Offerings
7.6.5 Korloy Recent Development
7.7 Beijing Jingdiao Group
7.7.1 Beijing Jingdiao Group Company Information
7.7.2 Beijing Jingdiao Group Introduction and Business Overview
7.7.3 Beijing Jingdiao Group Tool Monitoring System Sales, Revenue and Gross Margin (2019-2024)
7.7.4 Beijing Jingdiao Group Tool Monitoring System Product Offerings
7.7.5 Beijing Jingdiao Group Recent Development
7.8 Emmaco UK
7.8.1 Emmaco UK Company Information
7.8.2 Emmaco UK Introduction and Business Overview
7.8.3 Emmaco UK Tool Monitoring System Sales, Revenue and Gross Margin (2019-2024)
7.8.4 Emmaco UK Tool Monitoring System Product Offerings
7.8.5 Emmaco UK Recent Development
7.9 UTTec GmbH
7.9.1 UTTec GmbH Company Information
7.9.2 UTTec GmbH Introduction and Business Overview
7.9.3 UTTec GmbH Tool Monitoring System Sales, Revenue and Gross Margin (2019-2024)
7.9.4 UTTec GmbH Tool Monitoring System Product Offerings
7.9.5 UTTec GmbH Recent Development
7.10 DMG MORI
7.10.1 DMG MORI Company Information
7.10.2 DMG MORI Introduction and Business Overview
7.10.3 DMG MORI Tool Monitoring System Sales, Revenue and Gross Margin (2019-2024)
7.10.4 DMG MORI Tool Monitoring System Product Offerings
7.10.5 DMG MORI Recent Development
7.11 Sandvik Coromant
7.11.1 Sandvik Coromant Company Information
7.11.2 Sandvik Coromant Introduction and Business Overview
7.11.3 Sandvik Coromant Tool Monitoring System Sales, Revenue and Gross Margin (2019-2024)
7.11.4 Sandvik Coromant Tool Monitoring System Product Offerings
7.11.5 Sandvik Coromant Recent Development
7.12 Kistler Group
7.12.1 Kistler Group Company Information
7.12.2 Kistler Group Introduction and Business Overview
7.12.3 Kistler Group Tool Monitoring System Sales, Revenue and Gross Margin (2019-2024)
7.12.4 Kistler Group Tool Monitoring System Product Offerings
7.12.5 Kistler Group Recent Development
7.13 Siger Data
7.13.1 Siger Data Company Information
7.13.2 Siger Data Introduction and Business Overview
7.13.3 Siger Data Tool Monitoring System Sales, Revenue and Gross Margin (2019-2024)
7.13.4 Siger Data Tool Monitoring System Product Offerings
7.13.5 Siger Data Recent Development
8 Industry Chain Analysis
8.1 Tool Monitoring System Industrial Chain
8.2 Tool Monitoring System Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 Tool Monitoring System Sales Model
8.5.2 Sales Channel
8.5.3 Tool Monitoring System Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.2 Data Source
10.2 Author Details
10.3 Disclaimer
Marposs
MachineMetrics
Nordmann
Caron Engineering
Techna Tool
Korloy
Beijing Jingdiao Group
Emmaco UK
UTTec GmbH
DMG MORI
Sandvik Coromant
Kistler Group
Siger Data
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*If Applicable.