Press release
Tubular Stranding Machines Market Opportunities, Growth Outlook, Latest Trends & forecast 2032
Tubular Stranding Machines Market
Key Market Drivers
The growing need for high-quality wiring, especially in the automotive industry, is a key factor driving the market's expansion. Electric vehicles (EVs) are becoming more popular, and tubular stranding machines play a crucial role in manufacturing efficient wiring solutions that meet the industry's standards. Additionally, the machines' versatility in stranding materials like aluminum, copper, steel, and specialized wires is increasing their demand.
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Another significant driver is the growing use of tubular stranding machines in the telecom industry for the production of fiber optic and submarine cables. These cables are essential to modern communication systems, highlighting the machines' importance in meeting the demand for reliable, high-performance cables.
Technological advancements are also fueling market growth. Manufacturers are integrating Artificial Intelligence (AI) and Machine Learning (ML) into tubular stranding machines, enabling real-time monitoring, fault detection, and predictive maintenance. These innovations help to improve productivity and reduce downtime, further enhancing the machines' appeal across industries.
Challenges Facing the Market
Despite the positive outlook, the high cost of tubular stranding machines and the maintenance requirements associated with advanced technologies are potential barriers to widespread adoption. The intricate design and automation features, while boosting efficiency, also increase manufacturing costs. Regular maintenance, especially for components like bobbin drive systems and tandem construction, adds to the financial burden on businesses.
Market Trends and Innovations
A notable trend in the market is the increasing demand for noise control in tubular stranding machines. As regulations surrounding noise levels in industrial settings become stricter, manufacturers are experimenting with noise reduction techniques, such as adding elastomer bushings and polyurethane-covered support rolls. These modifications have been successful in reducing noise levels from 100 dBA to around 80 dBA, making the machines more compliant with safety standards.
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Market Segments
By Type: Tubular stranding machines are available in various rotor speed categories, including below 400 RPM, 400-900 RPM, and above 900 RPM. Machines with rotor speeds between 400 and 900 RPM are expected to dominate the market due to their efficiency, sustainability features, and higher production capacity. Machines in this range offer advanced digital controls, contributing to better performance and reliability. The below 400 RPM machines are also expected to see moderate growth due to their ability to produce high-quality cables for niche markets.
By Application: The tubular stranding machines market is segmented into copper strands, aluminum-alloy strands, aluminum strands, and overhead strands. The aluminum strand segment is poised for significant growth due to its increasing use in power transmission and distribution systems, where weight efficiency and strength are key factors.
By End-Use: Industrial applications, including cable and wire manufacturing, are expected to drive steady growth in the market. Tubular stranding machines are critical in producing high-quality strands for various industrial purposes. However, the electrical sector is expected to lead the market, given the machines' essential role in producing braided wires for electrical conductors and fiber optic cables.
Tubular Stranding Machines Top Companies and Competitive Landscape
The global tubular stranding machines market is moderately fragmented, with many large and medium-sized players accounting for majority of market revenue. Major businesses are using a variety of tactics, making mergers and acquisitions, strategic agreements, and contracts, as well as creating, experimenting with, and introducing more efficient tubular stranding machines solutions in the market.
Some major players included in the global tubular stranding machines market report are:
Wilms Group, MFL GROUP
Far East (China) Group Limited
Miyazaki, SKET Verseilmaschinenbau
Sarvasv Industrial Corporation
Lint Top
Mahalaxmi Engineering Works
Kay Industrial Corporation
Nova
Dujiangyan Minjiang Brothers Electromechanic Equipment
Miyazaki Machinery Systems
Excel Craft Machineries
Zhejiang Jinggong Construction Industry Group
Zenith Weldaids, Jinggong Construction Industry
Polymeq Industries
Tomer Engineering Works Pvt. Ltd.
Shakti Industries
Wai Tak Lung Engineering Factory
Tubular Stranding Machines Latest Industry Updates
On 10 November, 2023, Nappoo, based in Ahmedabad, Gujarat, launched India's inaugural Low Relaxation Pre-Stressed Concrete Wire & Strand (LRPC) machine, designed for high-specialty steel wire production. This 110-meter-long, 12-meter-wide machine offers a significant annual capacity of 20,000 MT, featuring durable components expected to last over 10 years. Nappoo, with over 70 years of experience, champions constant improvement and employs manufacturing approaches such as Engineer to Order (ETO) and Make to Order (MTO).
On 28 September2, 2023 Lint TOP, a leading cable manufacturing equipment provider, achieved notable success in installing and commissioning equipment for a groundbreaking photovoltaic cable factory in Tunisia. The project involved deploying a range of cutting-edge machinery, including extruders, wire drawing machines, bunching machines, and coiling machines. LINT TOP's skilled engineers overcame challenges, showcasing technical prowess during the intricate commissioning of machinery such as 1246 coiling machine. This accomplishment not only underscores LINT TOP's commitment to excellence but also highlights its significant role in advancing the global cable manufacturing industry.
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Tubular Stranding Machines Market Segmentation Analysis
For the purpose of this report, Emergen Research has segmented the global tubular stranding machines market on the basis of type, application, end-use, and region:
Type Outlook (Revenue, USD Billion; 2019-2032)
Speed Rotor below 400 rpm
Speed Rotor 400-900 rpm
Speed Rotor above 900 rpm
Application Type Outlook (Revenue, USD Billion; 2019-2032)
Copper Strand
Aluminum-Alloy Strand
Aluminum Strand
Overhead Strands
End-use Outlook (Revenue, USD Billion; 2019-2032)
Electrical
Construction
Automotive
Industrial
Regional Outlook (Revenue, USD Billion; 2019-2032)
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Benelux
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
UAE
South Africa
Turkey
Rest of Middle East & Africa
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About Us:
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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