Standard Parts for Tool Making Market Expansion Projected to Gain an Uptick During 2018 to 2028 | Key Players - Shenzhen QH Industrial Co. Ltd., Agathon AG, NITROGAS, S.A.U., etc.
Appeal/Demand for Sample Report - https://www.factmr.com/connectus/sample?flag=RC&rep_id=914
It is imperative to note before we dive deeper into the key insights of the study what exactly a machine tool is and how are broadly they classified. A machine tool, in its simplest definition is an equipment that requires an external power source, to cut, grind or deform a metal work piece to a predefined shape. The tool in the machine tool is the primary component that comes in direct contact with the work piece to initiate the cutting or deforming process. Machine tools are generally classified into two types that includes metal cutting tools and metal forming tools.
Standard parts, considered in the research study is focused towards those that are used in metal forming tools or presses and not in metal cutting tools and hence it can be described as secondary components attached to the metal forming tools that aids in the precise deformation of metals. With growing demand from the end use industry for newer metal forming tools in China, the consumption of standard parts have been on a rise registering a value of US$ 455.4 Mn by the end of 2017 and expected to hit US$ 703.5 Mn by the end of 2028 with a growth CAGR of 4.1% for a period of 10 years (2018-2028)
From a global perspective, China is among the largest consumers of machine tools, including both metal cutting and metal forming tools. This is due to the fact that the manufacturing industry as a whole has been thriving positively in the country post the recession of 2009. Some of the important drivers contributing the growth of standard parts for tool making in China include dual growth of automotive & auto parts industry, initiation & rise of aircraft production in the country, improvements in foreign direct investments (FDI) & foreign invested enterprises (FIE) inflows, growth in fixed asset investment and others. Some of the opportunities for the manufacturers of standard parts to tap onto in order to increase the revenue returns include development new schemes such as China Manufacturing 2025 (CM2025) Initiative to increase manufacturing activities in the country. The market of standard parts in China faces competition from both developed and emerging economies which can attributed to customers preference towards quality parts that are available outside China, as well as increasing labor costs in the country can influence shifting of parts manufacturing outside China
Browse China Standard Parts for Tool Making Market Report with TOC Here - https://www.factmr.com/report/914/china-standard-parts-tool-making-market
Standard parts for machine tools in China is segmented on the basis of component type, application, end use industry and sales channel. Looking at the component type segmentation, it is clear that among all the components taken into consideration, the segment that takes up the majority of market share in terms of value are punches & dies. This is due to the fact that these parts are used the most in metal forming tools in addition to incurring the highest price point which can also vary based the size of the component thereby taking up nearly 41% of the total value share in 2017.
The largest users of metal forming tools are the automotive industry including third party workshops that provides parts to the same, hence in the end use industry segment, automotive industry in 2017 takes up nearly 48% and is expected to increase its market share by the end of 2028 with a value CAGR growth of 4.5%. If we look into the sales channel segment, direct sales segment takes up more than half of the market share is expected to dominate throughout the forecast period registering a CAGR of 4.1%. However, the fastest growing segment among all in this category is taken up by online sales segment with an expected CAGR of 4.6% in terms of value from 2018 to 2028.
Some of the key players covered in standard parts for tool making market operating in China include MISUMI Group Inc., Barnes Group Inc., Erwin Halder KG, Meusburger Georg GmbH & Co KG, Läpple AG, Hong Yue Mold Fittings Ltd., Shenzhen QH Industrial Co., Ltd., Hongkai Precision Metal Stamping Tool And Product Co., Ltd., Agathon AG, STRACK NORMA GmbH & Co. KG., Changsha Borun Mould Co., Ltd., NITROGAS, S.A.U., DADCO, Inc., Jiashan Honglida Sliding Bearing Co., Ltd. among others.
For Any Query or Concern, Access this Link - https://www.factmr.com/connectus/sample?flag=AE&rep_id=914
FactMR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
11140 Rockville Pike
Suite 400, Rockville, MD 20852
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Standard Parts for Tool Making Market Expansion Projected to Gain an Uptick During 2018 to 2028 | Key Players - Shenzhen QH Industrial Co. Ltd., Agathon AG, NITROGAS, S.A.U., etc. here
News-ID: 1718175 • Views: 421
More Releases from Fact.MR
Medical Marker Bands Market Grows on the back of Their Radiopacity and Cost-effe …
Radiopacity of medical marker bands is giving significant impetus to their demand in the medical marker bands market. The properties of medical marker bands that increases their visibility under fluoroscopes or x-ray during critical procedures is giving an uptick to their sales worldwide. Manufacturers of medical marker bands are also showing a marked preference for cost-effective materials such as polymer and tantalum instead of traditional gold, platinum and palladium. On
Plastic Tray Market Showcases Future Status of Prime Manufacturers Across Major …
The new report on the global plastic tray market gives estimations of the size of the international market and the overall size and share of key regional segments during the historical assessment period of 2013 - 2017. The overall outlook for the Plastic Tray Market is likely to remain sluggish, with the plastic tray market expected to reach CAGR of 3.6% in terms of revenue during 2018-2027. The business knowledge
MRI-guided Radiation Therapy Systems Market Leading Manufacturers Expected to Mo …
With a multi-disciplinary approach, Fact.MR elaborates an extensive analysis of the historical, current and future outlook of the global MRI-guided radiation therapy systems market as well as the factors responsible for such a growth. Our highly dedicated professionals have provided critical and accurate insights associated with every industry, and region by doing thorough primary and secondary research. Access Research Methodology Prepared By Experts - https://www.factmr.com/connectus/sample?flag=RM&rep_id=2572 We leverage space-age industrial and digitalization tools
Marine Seats Market Growing Demand to Impact Revenue Share during 2018 2028
The new report on the marine seats market provides estimations of the size of the global market and share and size of key regional markets during the historical period of 2013 - 2017. According to the report, the marine seats market is projected to grow at 4.6% CAGR through 2028. The business intelligence study offers readers a granular assessment of key growth dynamics, promising avenues, and the competitive landscape of
More Releases for China
China is a growing Asian country and day by day many people migrate into the country for pursuing their personal needs. But going into China is not an easy task, we have to face some legal steps ahead. Let us define all this legal action in a single word China attestation. China government placed its embassies all over the world for ensuring the trustworthiness of the immigrant’s certificate. There
Packaged Water in China
ReportsWorldwide has announced the addition of a new report title Packaged Water in China to its growing collection of premium market research reports. Packaged Water in China industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2011-15, and forecast to 2020). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. Synopsis: Essential resource
Agrochemicals Market in China
ReportsWorldwide has announced the addition of a new report title China: Agrochemicals: Market Intelligence (2016-2021) to its growing collection of premium market research reports. The report “China: Agrochemicals: Market Intelligence (2016-2021)” provides market intelligence on the different market segments, based on type, active ingredient, formulation, crop, and pest. Market size and forecast (2016-2021) has been provided in terms of both, value (000 USD) and volume (000 KG) in the report. A
Global Color Steel Tile Market 2017 - South China, East China, Southwest China, …
Color Steel Tile Market Research Report A market study based on the " Color Steel Tile Market " across the globe, recently added to the repository of Market Research, is titled ‘Global Color Steel Tile Market 2017’. The research report analyses the historical as well as present performance of the worldwide Color Steel Tile industry, and makes predictions on the future status of Color Steel Tile market on the basis
Telecom Cloud Billing Services Explore In Regions (South China, East China, Sout …
Big Market Research has added a report, titled, “China Telecom Cloud Billing Services Market Size, Status and Forecast 2022.” The report offers an extensive information and analysis of sales, production, revenue, key manufacturers, drivers & opportunities, and competitive scenario. Moreover, current industry trends and growth prospects are explored along with thorough analysis of each segment for the historic period, 2012–2017 and the forecast period, 2017–2022. The research also offers insights
Restaurant Markets in China
China’s demand for Restaurant has grown at a fast pace in the past decade. In the next decade, both production and demand will continue to grow. The Chinese economy maintains a high speed growth which has been stimulated by the consecutive increases of industrial output, import & export, consumer consumption and capital investment for over two decades. This new study examines China’s economic trends, investment environment, industry development, supply