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Special purpose machines are machines that are not available for regular sale or purchase. These machines are not produced as per standard manufacturing programs. They are only designed and customized based on consumer’s requirements. They have high productivity, low cost of production, and low investment when compared with conventional manufacturing machines. These machines are designed using special tools and fixtures to produce similar parts whenever required. Special purpose machines are made up of sensors, limit switches, automatic job clamping, and logic controls. They are generally used for large-scale production of small parts of automobiles such as clutch sleeves, shifter forks, shifter cam, and more.
The rising demand for fabricated metal products from industries, such as automotive, transportation, construction, and others, is one of the key factors driving the growth of the special purpose machines market in the near future. Moreover, growth in the automotive industry and construction industry in different countries can drive the market growth. Moreover, technological advancements in the automotive sector are expected to provide lucrative opportunities for the special purpose machines market in the coming years. However, manufacturers sticking to traditional CNC machines is a factor that can hamper the growth of the special purpose machines market.
The manufacturing industry has experienced several advanced technologies recently. One of the prominent fast-growing technologies among these is 3D printing technology. 3D printing, also called additive manufacturing, is a technique of producing three-dimensional products using a digital file. The manufacturing of the product is done in a layer by layer process. As manufacturing of special purpose machines involves designing and creating complex geometries, the 3D printing technology enables the production of complex geometries that are impossible or difficult to produce with conventional techniques. In addition, this technology is a cost-effective way of manufacturing as additional labor is not required. Such new advanced technologies can provide lucrative growth opportunities for the special purpose machines market during the forecast period.
Laser welding machines hold major applications in the automotive industry. These machines are used to weld components such as transmission parts, engine parts, solenoids, alternators, fuel filters, air conditioning equipment, and more. According to statistics provided by the International Organization of Motor Vehicles Manufacturers, China and Japan were the largest producers of automobiles in 2018. Exact figures show that China, the largest producer of automobile in the world, manufactured 23,529,423 vehicles, whereas Japan being the second-largest producer of automobiles in the world, manufactured 8,358,220 vehicles. Large vehicle production in countries of Asia can ensure a promising positive growth in the coming years, thereby providing lucrative growth opportunities for the laser welding machine market.
Key benefits of the report:
Special Purpose Machines Market: Global Opportunity Analysis and Industry Forecast, 2020–2027 Report Highlights
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Key Market Players | FIVES, HANN KUEN MACHINERY, and HARDWARE, Invensys Engineers, EMAG, HMT Machine Tools Limited, Global CNC Automation, Loiretech, Renders India, Batliboi Limited, Premier Ltd. |
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