ALBANY, New York, April 10, 2017- MarketResearchReports.biz has recently announced the addition of the report, titled “Global Shearing Machine Market 2017-2021” to its offering. The 73-pages report throws light on the key aspects of the market such as market attractiveness, vendor analysis, and market trends. The leading vendors have been studied in depth. Their market shares, product offerings, and business strategies have also been revealed in the report.
Shearing machines are devices deployed in the cutting process of alloys and other sheet metal. The rising demand for fabricated metal products has been one of the primary drivers of the market. Shearing of metals is a key technique of metal fabrication used in the cutting or bending of metal sheets. As the industrial verticals such as transportation and construction gain impetus, the need for fabricated metals is sure to rise. The automotive industry, arms and ammunition, stamped metal products, building machinery and products, utensils and cutlery, metal-based hardware products, and fasteners also require fabricated metals. As a result, shearing machines will witness tremendous demand over the next few years.
The shift from hydraulic applications to fully electrical systems is one of the key trends in the market. The emergence of electromechanical drive systems has led to the deployment of electric drives that have replaced hydraulic cylinders in press brakes. Electric drive press brakes are two times more productive when compared to traditional hydraulic brakes. Furthermore, they are not only energy efficient but also need low maintenance.
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On the basis of product type, the global market for shearing machines has been segmented broadly into guillotine shear and bench shear. Of these, the bench shear segment held the dominant share in the global market in 2016. The ascendancy of this segment can be attributed to the lower costs and greater adaptability of these products.
By geography, Europe, the Middle East, and Africa (MEA), the Americas, and Asia Pacific (APAC) are the key segments analyzed in the report. Asia Pacific is likely to lead the global market, accounting for a significant portion of the market revenue. The solid growth of numerous industries, increasing urbanization, and rapid penetration of technology have been driving the growth of the global shearing machine market in Asia Pacific.
The global market for shearing machines is highly fragmented in terms of competition. Development of innovative products is a key business strategy adopted by a number of companies to distinguish themselves among the legion of market players.
JMT USA, Amada Group, HACO, IMAC Italia, Durmazlar Machinery, Adira, Longevity Durma USA, FINTEK INDUSTRY, Pull-X Machines, LVD Group, Dreis & Krump Manufacturing Company, PRECI-SHEAR, Cincinnati Incorporated, XINGTAI REJUNBO MACHINERY MANUFACTURING COMPANY, and Baileigh Industrial are some of the prominent companies operating in the global market for shearing machines.
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