"The
Report Global Shearing Machine Market 2017-2021 provides information
on pricing, market analysis, shares, forecast, and company profiles
for key industry participants. - MarketResearchReports.biz"
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.
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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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