DUBLIN--(BUSINESS WIRE)--The "Tension Control Market by Type (Automated & Manual), Component (Load Cell, Controller, Diameter Sensor, Dancer Roller, Brake, Clutch), Application (Paper, Flexible Printing & Packaging, Metal & Foil, Others), and Region - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.
The global tension control market is estimated to be USD 891.4 Million in 2017 and is projected to reach USD 1,118.8 Million by 2022, growing at a CAGR of 4.65%, from 2017 to 2022.
The increasing demand for automated tension control and the rising transition toward flexible printing & packaging from rigid packaging are driving the tension control market globally.
The tension control market has been segmented, by type, into automated and manual. The manual segment is expected to be the largest because of high capital costs of automated systems and low labor costs in the Asia Pacific region in the packaging industry.
The tension control market has been segmented, by component, into load cell/force transducers, clutch, brake, controller, diameter sensor, dancer roller, and others. The others segment includes amplifiers, wiring, indicators, and retrofits. The load cell/force transducer segment is estimated to hold the largest share of the market during the forecast period. The growth in automated tension control in the paper processing and aluminum industry, combined with the increasing demand for flexible packaging machinery in the food & beverage sector in Asia Pacific is driving the demand for load cell/force transducer.
The tension control market has been segmented, by application, into paper & corrugated, flexible printing & packaging, metal & foil and others. The others segment includes textile, nonwoven, printed electronics, and rubber. The flexible printing & packaging segment is estimated to hold the largest market share by 2022. The transition toward flexible printing & packaging from rigid packaging, especially in the food & beverage and pharmaceutical sector in Asia Pacific, Europe, and North America is expected to drive the market for tension control.
Some of the leading players in the tension control market include Maxcess (US), Montalvo (US), Erhardt+Leimer (Germany), Nireco (Japan), Double E (US), FMS (Switzerland), and Re (Italy). New product launch is the most commonly adopted strategy by top players in the market from 2014 to 2017. It was followed by partnerships and expansions.
Key Topics Covered
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Tension Control Market, by Type
7 Tension Control Market, by Component
8 Tension Control Market, by Application
9 Tension Control Market, by Region
10 Competitive Landscape
11 Company Profiles
- Cleveland Motion Controls
- Double E
- Dover Flexo Electronics
- RE Controlli Industrali
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