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Machine Vice Market Size And Forecast
Machine Vice Market size is growing at a moderate pace with substantial growth rates over the last few years and is estimated to grow significantly in the forecasted period, i.e., 2024 to 2030.
The work-related objects are securely held in place by the vice. Because the worker’s hands are free to operate the vice machine effortlessly, the market for machine vices is expected to rise throughout the forecast period. The Global Machine Vice Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors playing a substantial role in the market.
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Global Machine Vice Market Definition
A vise is a mechanical tool used to hold an object securely while allowing work to be done on it. A screw and lever thread in and out the vice’s two parallel jaws, one fixed and the other transferable. A set of locking pliers with a lever action is called a vice grip. To prevent the user’s hands from gripping the workpiece while drilling, milling, or doing tasks similar to these, a machine vice is attached to the table of a drill press or milling machine. Additionally, because the vice can be correctly positioned about the machine’s drill bit or cutter before being secured, it enables the user to complete machining jobs accurately and precisely.
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Global Machine Vice Market Overview
The number of workshops using drilling and milling machines has increased due to the swift development of the industrial sectors. The need for the Machine Vice Market increases as a result. Additionally, most companies that produce machine tools employ vices produced by small businesses as standard equipment. Small-scale businesses also purchase these machine vices from several wholesalers on the open market. As a result, small enterprises will have extraordinary potential to grow during the anticipated period. However, the CNC machine’s capacity increased, which enhanced the advanced machine vice. Additionally, the vice securely keeps the workpieces in place. Because of this, the employee’s hands are free to use the vice. The objects that need to be worked on are firmly held in place by the vice. Because the worker’s hands are free to operate the vice machine effortlessly, the market for machine vices is expected to rise throughout the forecast period. Metals that are too soft or too thin cannot be controlled to grip a vice. The vice’s proportions alter and often leave some distinguishing traces on the metal’s surface if it is soft.
Global Machine Vice Market Segmentation Analysis
The Global Machine Vice Market is Segmented on the basis of Type, Distribution Channel, and Geography.
Machine Vice Market, By Type
- Hydraulic Machine Vices
- Pneumatic Machine Vices
Based on Type, The market is segmented into Hydraulic Machine Vices and Pneumatic Machine Vices. The Hydraulic Machine Vice has the highest growing segment of the Global Machine Vice Market due to increasing use in heavy-duty machining applications in a variety of industries including automotive, aerospace & defense, construction materials, and many others throughout the forecasted period.
Machine Vice Market, By Distribution Channel
- Offline
- Online
Based on Distribution Channel, The market is segmented into Offline and Online. The Offline has the largest growing segment of the Global Machine Vice Market. Warehouse automation, handling of materials, packaging, and storage are Applications of offline sales. The need for inventory tracking across numerous departments in the company has become essential as companies face increasing external pressure to reduce costs and improve margins. Customers are more interested in automated solutions that assist in improving efficiency throughout all departments.
Machine Vice Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the world
On the basis of Regional Analysis, Global Machine Vice is classified into North America, Europe, Asia Pacific, and the Rest of the world. North America will hold the largest Global Machine Vice Market. This growth is influenced by rising automation, industrial development, and technical developments. Additionally, machine vises might need to change when these technologies advance to meet new specifications, which could drive market expansion.
Key Players
The “Global Machine Vice Market” study report will provide valuable insight with an emphasis on the global market including some of the major players such as Jergens, 5th Axis, Georg Kesel, OK-VISE, HERBERT, Gerardi, ALLMATIC-Jakob Spannsysteme, KITAGAWA, Raptor Workholding Products, FRESMAK, SPREITZER, Kurt Manufacturing Company, LANG Technik, HERBERT, Georg Kesel GmbH & Co KG, and Hilma-Römheld GmbH.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis.
Ace Matrix Analysis
The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features and innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.
Market Attractiveness
The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global Machine Vice Market. We cover the major impacting factors driving the industry growth in the given region.
Porter’s Five Forces
The image provided would further help to get information about Porter’s five forces framework, providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the Global Machine Vice Market, gauge the attractiveness of a certain sector, and assess investment possibilities.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| STUDY PERIOD |
2019-2030 |
| BASE YEAR |
2022 |
| FORECAST PERIOD |
2024-2030 |
| HISTORICAL PERIOD |
2019-2021 |
| KEY COMPANIES PROFILED |
Jergens, 5 th Axis, Georg Kesel, OK-VISE, HERBERT, Gerardi, ALLMATIC-Jakob Spannsysteme, KITAGAWA, Raptor Workholding Products, FRESMAK, SPREITZER. |
| SEGMENTS COVERED |
|
| CUSTOMIZATION SCOPE |
Free report customization (equivalent to up to 4 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
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