Press release
Workholding Market Growth Rate, Demands, Key Strategies, Top Manufacturers and Forecast to 2028
Workholding Market
Workholding is a device that is utilized for securing workpiece against the force of nature. Clamp is the most common type of workholding device, however workholding can be a complex fixtures which can be custom made as per requirement. The workholding plays a major role in various industrial application and is majorly used across automotive, manufacturing, metals, and others sectors.
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Companies Profiled in this report includes: DESTACO, ENERPAC, Gerardi SPA, Jergens Inc., TE-CO, Alpha Workholding Solutions, LLC, Emuge Corporation, EROWA LTD, LANG Technik GmbH, Pierson Workholding
MARKET DYNAMICS
The workholding market is experiencing significant growth owing to the increasing number of automotive vehicle production across the globe. However, is fluctuating prices of cost of raw material is hampering the growth of the market. Meanwhile, growing industrialization across the globe is expected to flourish the workholding market.
MARKET SEGMENTATION
The global workholding market is segmented on the basis of type and application. Based on type, the market is segmented into millingdrilling, turning, and grinding. On the basis of application, the market is segmented as automotive, manufacturing, metals, and others.
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IMPACT OF COVID-19 ON WORKHOLDING MARKET
The outbreak of COVID-19 has significantly impacted various industries including the manufacturing and construction industry. Containment measures were imposed by governments across the globe such as trade restriction and factor shutdown followed by limited personnel at workplaces in order to adhere to the norms of social distancing. Thus, the imposition of such measures has disrupted the supply chain of workholding market in 2020. Further, However, the supply chain workholding market and its end users started to stabilize from Q4 of 2020 as economies started to reopen and containment measures were relaxed, and the workholding market witness positive trend in of revenue.
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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
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