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Precision Slotting Machine Market: Global Opportunity Analysis and Industry Forecast, 2020-2027

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Aug 2021 | 163 Views
 
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Precision Slotting Machine Market: Global Opportunity Analysis and Industry Forecast, 2020-2027

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.

Market scope and structure

Report Metric

Details

  Market size available for years

  20192027

  Base year considered

  2019

  Forecast period

  2020–2027

  Forecast units

  Value (USD)

  Segments covered

  Application, Type, Industry Vertical, and Region

  Companies covered

EASTAR MACHINE TOOLS CORP., Devraj Engineering Company, Daljit Machines Tools Pvt. Ltd, Pathak Industries, CAMS S.r.l., Aristocrat Leisure, NOVOMATIC Group, JPP MACHINE AND TOOLS CO., LTD, and Sierra Machine Tools., Om International Machine Tools, and Meco Industries

 

 


 

Regions Covered

North America

Europe

Asia-Pacific

LAMEA

U.S., Canada, and Mexico

Germany, France, UK, Italy, and the Rest of Europe

China, Japan, India, South Korea, and the Rest of Asia-Pacific

Latin America, Middle East, and Africa

 

COVID-19 Scenario Analysis

  • The demand for the precision slotting machine is expected to decrease in the year 2020 due to lockdown imposed by the government and low demand from automotive industries.
  • COVID-19 pandemic has halted the production of various products in the slotting machine industry, mainly owing to the prolonged lockdown in major global countries. This has hampered the growth of the precision slotting machine market significantly from last few months, as is likely to continue during 2020.
  • COVID-19 has already affected the sales of equipment and machinery in the first quarter of 2020, and is likely to cause a negative impact on the market growth throughout the year. 
  • The major demand for equipment and machinery was previously noticed from giant manufacturing countries including the U.S., Germany, Italy, the UK, and China, which is badly affected by the spread of coronavirus, thereby halting the demand for equipment and machinery.
  • Further, potential impact of the lockdown is currently vague and financial recovery of companies is totally based on its cash reserves. Equipment and machinery companies can afford a full lockdown only for a few months, after which the players would have to modify their investment plans.
  • Equipment and machinery manufacturers must focus on protecting their workforce, operations, and supply chains to respond toward immediate crises and find new ways of working after COVID-19 infection cases start to decrease.

Top Impacting Factors: Market Scenario Analysis, Trends , Drivers, and Impact 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:

New product launches to flourish the market

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. 

High Demand from Various End Users

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 Segments Covered

Segment

Subsegment

  Type

  • Hydraulic
  • Electric

  Application

  • Automobile
  • Jewelry & Diamond
  • Aerospace
  • Medical Equipment
  • Others

  Operations

  • Flat Surface Machining
  • Cylindrical Surface Machining
  • Others

 

 

Key Benefits of the Report

  • This study presents the analytical depiction of the precision slotting machine market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the precision slotting machine market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the precision slotting machine market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in coming years. 
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
  • Technologically sophisticated and reliable insights through well audited and veracious research methodology
  • Sovereign research proceeds that present a tangible depiction of marketplace


With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast


Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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