Published Date : Apr 24, 2017
ALBANY, New York, April 24, 2017- MarketResearchReports.biz has announced the addition of a report, titled “Global Workholding Market 2017-2021”, to its offering. The report offers key insights on the factors driving and restraining the growth of the market, alongside a detailed reports of the geographical and product segments. The vendor landscape has been evaluated in terms of the nature of competition, shares held by the leading vendors, and their product portfolios.
The emergence of economic clamping units has been a primary growth driver of the market for workholding devices. A number of manufacturers are striving to attain product differentiation via investments in research and development activities. The consequent arrival of cost-effective clamping systems which are highly useful in heavy milling operations has been accelerating the growth of the market. Ramping up the overall productivity of the end-user industries, the new system is apt for reducing downtime. It can also ease out the system setups.
One of the key trends in the global workholding market is the introduction of pallet systems used in automated workholding changeovers. During machining, manufacturers are forced to keep changing the workholding devices and top tooling, without reducing production time. Positrol Workholding launched a pallet system to bring down the downtime.
By product type, the global workholding market has been segmented into grinding workholding, milling or drilling workholding, EDM workholding, and turning workholding. In 2016, the milling or drilling segment emerged as the leading segment of the workholding market. Analysts predict that this segment is likely to retain its leading position over the forecast period as well. As more accuracy can be achieved through the use of these workholding devices, their utilization has been increasing rapidly.
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By geography, the global market for workholding devices can be segmented into Europe, the Middle East, and Africa (EMEA), the Americas, and Asia Pacific (APAC). Asia Pacific is expected to hold the dominant share in the global workholding market in the forthcoming period. The growth of this region can be attributed to escalating demand from the automotive industry and other end users who require machined metal parts. North America, with the U.S. at the fore, is likely to witness decent growth. The untapped potential of African and Latin American countries makes for a great opportunity for several suppliers.
In terms of competition, the global workholding market is extremely fragmented. It consists of numerous international players as well as regional players. The smaller vendors have been catering to the requirements of the local buyers, while the global players have been establishing customer bases across the globe. With technological advancements and development of innovative products, the competition between the vendors is expected to intensify. Another factor responsible for the heightened competition is the delivery of customized and cheaper products by several local and regional market players.
Generdi, DESTACO, TE-CO, ENERPAC, Jergens, EROWA, Sandvik Coromant, Alpha Workholding Solutions, Raptor Workholding Products, Emuge, ITW MORLOCK, Pierson Workholding, DMT Workholding, Seco Tools, LMC Workholding, and PTG Workholding are some of the prominent players operating in the global workholding market.
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