According to the current industry research study by Technavio, the global shearing machine market is projected to grow at a CAGR of close to 3% during the forecast period 2017 to 2021.
This study by Technavio provides an exhaustive analysis of the global shearing machine market in terms of revenue and evolving market trends. The report also contains a latest analysis and forecasts for many market sections and all geographical regions.
Technavio market research analysts classify the market based on the product type
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The key revenue generating product segments are discussed below:
Bench Shears market: The easy availability and low prices of bench shears are driving the growth of the shearing machine market. A bench shear costs around USD 300-USD 1,000 and the volumes of sales for these products is anticipated to increase during the forecast period. These products are also called level shears or bench mounted shears and are suited for medium-sized metal sheets through which rough cutting of shapes is possible. The mechanical advantage of these shears is enhanced by a compound mechanism and does not have applications for any delicate work.
“The user-friendly features like lightweight and easy operation, which ensures efficiency is resulting in an increasing popularity of these machines in the global market. The blades of bench shears ensure burr-free cutting, which provides significant levels of energy savings and can withstand high levels of stress when they are electrically welded. The versatility of these machines will drive the growth of this market segment,” says Gaurav Mohindru, a lead analyst at Technavio for research on tools and components.
Guillotine shears market: Guillotine shears are either foot or hydraulically or mechanically powered and consists of a ram that is used to clamp the material followed by the shearing operation of a moving blade coming down across a fixed blade. These machines consist of a shear table, a work-holding device, blades both upper and lower, and a gauging device. The cutting is done by the upper and lower blades, while the gauging device ensures the cutting of the workpiece, which proceeds as intended. The increased application of these devices across various industries will fuel the demand in this market segment.
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The leading vendors functioning in the global shearing machine market are:
- Amada Group
- Durmazlar Machinery
- HACO
- JMT USA
- IMAC Italia
The other prominent vendors in the market include Schubert Group, Dreis & Krump Manufacturing Company, Baileigh Industrial, FINTEK INDUSTRY, LVD Group, Scotchman Industries, PRECI-SHEAR, XINGTAI REJUNBO MACHINERY MANUFACTURING COMPANY, HAKO CNC Machine (Anhui) Manufactory, Pull-X Machines, Betenbender Manufacturing, Adira, Cincinnati Incorporated, and Longevity Durma USA.
A comprehensive study is available in the Technavio report titled, ‘Global Shearing Machine Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
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- Global Industrial Clutches and Brakes Market 2017-2021
- Global Automotive Crankshaft Market 2016-2020
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