Slitting Machines Market: Overview
Slitting machines are used in diverse range of industries
for slitting application, broadly for slitting paper, plastic film, and metal
foils. Key industries which have been contributing revenues to the global slitting
machines market are packaging, healthcare and pharmaceuticals,
paper, plastic, automotive, and steel. Their application in converters has been
key to shaping the force of commercialization for manufacturers of different
types of slitting machines. Some of the key types are non-woven slitting
rewinding machine and roll-to-roll slitting and rewinding. Manufacturers are
focused on prolonging the service life of machines, and are incorporating
corrosion-resistant materials to make them more durable.
Some of the key product types that significantly influence
the value chain of the slitting machines market are automatic thermal paper
slitting machines, automatic slitting rewinding machine, automatic roll to
sheet cutting machine, and cash register paper roll slitting machines.
Slitting Machines Market: Key Trends
The rapid pace of industrialization has spurred the growth
of the end-use industries of the slitting machines market. Past few decades
have seen a substantive uptick in demand for slitting machines in the plastic
and paper industries. The increasing trend of automation in packaging is
expected to bolster the growth prospects for industry stakeholders in the slitting
machines market. Rise in plastic manufacturing in various parts of the world
has spurred the application of slitting machines. The trend of using automation
of processes in industries engaged in printing, coating, and lamination of
plastic, metal, and paper materials.
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Strides in the metal cutting are key to the rise in
investments in the slitting machines deployment. The trend has been fueled by
rise in demand for metal cutting in packaging application, especially in food
and beverages industry. Growing investments in the food industry are boosting
the growth of the slitting machines market.
Slitting Machines Market: Competitive Analysis and Key
Developments
Manufacturers are keen on making product advancements that
make machines more intuitive for users and low on maintenance. Several of them
in recent years have in recent years incorporating advanced electronics. An
example is the use of cutting-edge PLC in slitting machines. Prominent players
are also eyeing steady and substantial revenue streams in food packaging
industries and automotive industry.
Some of the key strategies that players have adopted to
consolidate their positions and shares in the slitting machines market are
mergers, acquisitions, and collaborations. Top players are increasingly making
strategic moves by getting into partnerships with local players to target new
geographies. The Middle East and Africa is a promising regional market.
Some of the key players eyeing sizable revenue shares by the
end of the forecast period are Toray Engineering Co.,Ltd., Yo Den Enterprises
Co., Ltd., ASHE Controls Limited, Euromac Srl Foundry plants & Core making
equipment, TTR EUROWORKS BV, Universal Converting Equipment, HCI Converting
Equipment Co., Ltd., and Dah Bah Machinery Industrial Inc.
Slitting Machines Market: Regional Assessment
Some of the key emerging markets are Western Europe, Asia
Pacific, and Latin America. North America has been markedly lucrative market
for various national and international players over the past several years.
Western European nations have seen surge in demand for slitting machines among
packaging industry. Strides made in the packaging sector has spurred the sales
prospect. Asia Pacific is expected to witness spate of investments in
automating slitting process in the packaging sector. Emerging economies such as
India and China have been at the forefront of the technologies. The regional
market has also thrived on the back of the strides being made by the automotive
sector in some of the key economies of the region.
This study by TMR is all-encompassing framework of the
dynamics of the market. It mainly comprises critical assessment of consumers'
or customers' journeys, current and emerging avenues, and strategic framework
to enable CXOs take effective decisions.
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The study strives to evaluate the current and future growth
prospects, untapped avenues, factors shaping their revenue potential, and
demand and consumption patterns in the global market by breaking it into
region-wise assessment.
The following
regional segments are covered comprehensively:
- North
America
- Asia
Pacific
- Europe
- Latin
America
- The
Middle East and Africa
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