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Precision slotting machine is one of the type of slotting machine, which is designed to perform light cuts to give an accurate surface finish. It is light, and is operated at high speeds. It is also known as vertical shaper machine, as the Ram(the tool) attached to it moves in a reciprocating motion. It is used for cutting of woods and metals by shaping them to the desired shape. It is fitted with a Whitworth quick return mechanism. It is majorly used for handling a number of works using a special customized jigs(tools for accuracy). The different parts of these machines are base, column, rotating table, cross slide, and saddle. This tool is used for cutting an irregular shaped workpiece.
COVID-19 Scenario Analysis
Increasing manufacturing industries across the world is considered as the growth driver for the precision slotting machine market. Increasing demand for various shapes of hard material like metal and wood can drive the market for precision slotting machine as these machine are used in designing and cutting of hard material with an accuracy. Precision slotting machine produces a good surface finish of a workpiece, which acts as a major driver for this market as numerous products in the industries produced should be well-designed with an exterior finish. Further, in the automobile industries, designing of cars various shapes of metal plates can be made through precision slotting machine. It helps in forming regular as well as irregular shapes of the hard materials, which drives the market for precision slotting machine. However, unavailability of skilled labor in some countries for operating the machine can hamper the market. Contrarily, requirement for precision slotting machines in coal industries, automotive industries, jewelry and diamond industries present new pathways for precision slotting machine market. Thus, these tools are in high demand due to its high quality, lightweight, and high operational performance.
The global precision slotting machine market trends are:
The launch of new generation technologically advanced products can boost the growth of the market. In the past few years, many such products having unique features were launched in the market. In 2019, Cabe launched a new precision slotting machine ST5 CNC. It has a 5 controlled axis, which allows the automatic management of distance between the machine head and the swivel table. It is featured with latest technology and Fanuc motors for fast operations in cutting. It is ideal for machining the surface of the large workpiece.Â
Presently, there is a high demand for the precision slotting machines in the furniture industries. In furniture making, precision slotting machine acts as a major tool for designing, cutting, and slotting of woods in the process of production of furniture. Further, precision slotting machines are used in gear teeth manufacturing. It is used in the operational activities like grooving, splines, and keyways. It is used for shaping the internal and external surfaces of a circular shaped product. Moreover, precision slotting machines are used in making of dies and punches. These tools are mostly used in the precise diamond cutting and also in the removal of debris from the jewelry items. Thus, precision slotting machine tools has a high demand in jewelry and diamond factories.
Key Benefits of the Report
Precision Slotting Machine Market: Global Opportunity Analysis and Industry Forecast, 2020-2027 Report Highlights
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Key Market Players | Meco Industries, Daljit Machines Tools Pvt. Ltd, Aristocrat Leisure, CAMS S.r.l., Pathak Industries, EASTAR MACHINE TOOLS CORP., NOVOMATIC Group, Sierra Machine Tools, JPP MACHINE AND TOOLS CO., LTD, Om International Machine Tools, Devraj Engineering Company |
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