Top 3 Emerging Trends Impacting the Global Shearing Machine Market from 2017-2021: Technavio

Technavio has published a new report on the global shearing machine market from 2017-2021. (Graphic: Business Wire)

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LONDON--()--Technavio’s latest report on the global shearing machine market provides an analysis of the most important trends expected to impact the market outlook from 2017-2021. Technavio defines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.

The research study by Technavio on the global shearing machine market for 2017-2021 provides a detailed industry analysis based on the product (bench shears, guillotine shears, alligator shears, throat-less shears, and power shears) and geography (APAC, EMEA, and the Americas).

 
Shearing is a cutting process; wherein the stock metal is cut without the use of melting and burning methods or through the formation of chips. According to Technavio analysts, the global shearing machine market size is projected to grow to USD 1.05 billion by 2021, at a CAGR of close to 3% over the forecast period.
 

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The top three emerging trends driving the global shearing machine market according to Technavio heavy industry research analysts are:

  • Additive manufacturing
  • Increased automation
  • Replacement of hydraulic applications with fully electrical systems

Additive manufacturing

Additive manufacturing or 3D printing is a revolutionary technology, which enables the production of complex geometries that are either arduous or impossible to achieve with traditional manufacturing techniques,” explains Gaurav Mohindru, a lead analyst at Technavio for tools and components research.

Even though the initial cost of setting up the additive manufacturing machinery is high, it is highly beneficial as it results in significant reduction of capital costs, raw material costs, and costs to reclaim scrap. This technology is expected to lead to a complete shift in manufacturing processes, thereby creating a demand for shearing machines.

Increased automation

Consumers expect a high value-for-money and demand high-quality products without any defects. This has led to increased automation of manufacturing processes, especially in small- and medium-sized industries, which not only increases profit margins but also has a positive impact on resource regulation and loss control. Automation in a company’s production or fabrication process increases its competitive edge and reduces operational costs. However, automation of process results in the creation of more precise metal parts, thereby driving the growth of the shearing machines market.

Replacement of hydraulic applications with fully electrical systems

Hydraulic fluid power technology is increasingly being preferred by manufacturers due to their high-pressure applications. For instance, many power shears and guillotine shears are hydraulically powered and adopted in a variety of industries for their benefits,” says Gaurav.

Currently, these systems are being integrated with electrohydraulic systems to enhance functionality options, thereby improving the scope for sale of hydraulic cylinders in new markets. Several advantages are offered by electrical systems, resulting in increased demand for these products.

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About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, resellers, and end-users.

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com

Release Summary

Technavio’s latest report on the global shearing machine market provides an analysis of the most important trends expected to impact the market outlook from 2017-2021.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com