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

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

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LONDON--()--Technavio’s latest report on the global workholding 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 workholding market for 2017-2021 provides a detailed industry analysis based on the product type (milling/drilling, turning, grinding, and electric discharge machining (EDM)) and geography (APAC, EMEA, and the Americas).

Workholding devices are used to secure a workpiece while machining it. They allow proper machining of the workpiece and helps in achieving a high degree of precision. Technavio analysts forecast the global workholding market to grow to USD 28.2 billion by 2021, at a CAGR of more than 5% over the forecast period.

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

  • Adhesive fixturing for common workholding challenges
  • Pallet systems for automated workholding changeovers
  • Additive manufacturing in workholding

Adhesive fixturing for common workholding challenges

Workholding is an important part in the machining of parts. The necessity of these devices has led to the development of a new workholding solution based on adhesives, which is accurate and efficient for multiple uses,” says Gaurav Mohindru, a lead analyst at Technavio for tools and components research.

The photo-activated adhesive workholding solution comprises an ultraviolet light source with a light guide, a specially developed workholding adhesive, and grippers which double as lenses. This solution simplifies the fixturing for delicate and complex shaped metallic or machined ceramic parts.

Pallet systems for automated workholding changeovers

During the machining of workpieces, it becomes necessary to change the workholdings based on the process being used. The need to reduce downtime and quickly change the top tooling and workholding as quickly as possible is imperative to manufacturers. Many market vendors have taken up this challenge and introduced pallet systems for automated workholding changeovers, which are capable of offering quick tooling and workholding change solutions without compromising on rigidity. The introduction of these systems has pushed customers to adopt these products.

Additive manufacturing in workholding

Additive manufacturing, also known as 3D printing, makes use of a CAD file to produce solid working parts, one layer at a time. Additive manufacturing has resulted in a significant reduction in production times and ensured precision while manufacturing parts with complex geometries,” explains Gaurav.

Additive manufacturing ensures minimal waste of raw materials while accurately producing parts per CAD design specifications. Workholding solutions manufactured through 3D printing take lesser time and result in robust workholding solutions, which ensure repeatability and efficiency.

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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.

If you are interested in more information, please contact our media team at media@technavio.com.

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 workholding 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