Paper Slitting Machine Market Insights And Remarkable Growth Rate Forecast Till 2027 | Fortune Business Insights™
The global welded metal bellows market size stood at USD 239.8 Million in 2019 and is estimated to reach USD 354.3 Million by 2027, exhibiting a CAGR of 5.1% during the forecast period between 2020-2027.
Drivers & Restraints:-
"Rising Digitization of Production Process to Drive Growth"
Several prominent paper slitting machines manufacturers are gradually inclining towards automated solutions to achieve high efficiency and increase productivity. They are conductive extensive research and development activities to refine the entire production process of paper slitting machines. This would help them in reducing the waste generated by these machines, as well as in boosting the output. Therefore, it would lower the expenditure of such manufacturers. Also, the productivity of several manufacturers has surged owing to the digitization of their production process. However, the emergence of the covid-19 pandemic is likely to hamper the paper slitting machine market growth as the governments of many countries have decreased the trade of non-essential products globally.
"Particularity of Material Utilized in Specific Industry"
The engineers prioritize metal bellow characteristics such as leak rate, spring rate, chemical resistance, and life cycle. It is owing to the utilization of metal bellows for hydraulic applications such as fluid power control, volume consumption, and valve seals. In modern circumstances, the utilization of material according to industrial applications is a growing trend. Prominent players are manufacturing material focused metal bellows for particular industry applications. Various materials including nickel, titanium, stainless steel, Inconel, and copper are available for different industrial applications.
"Shear Blade Segment to Gain Maximum Share Owing to Their High Accuracy"
In terms of blade type, the market is segregated into air score blade, shear blade, and razor blade. Out of these, the razor blade segment held 31.9% paper slitting machine market share in 2019. The shear blade segment is anticipated to generate the highest share during the forthcoming years backed by its ability to provide high accuracy during the cutting process.
Market Segmentation Details:
By Blade Type
- Razor Blade
- Shear Blade
- Air Score Blade
- Fully Automatic
- North America (the U.S. and Canada)
- Europe (U.K., Germany, France, Italy, and Rest of Europe)
- Asia Pacific (Japan, China, India, and Rest of Asia Pacific)
- Middle East & Africa (South Africa, GCC and the Rest of Middle East & Africa)
- Latin America (Brazil, Mexico, and Rest of Latin America)
For more information in the analysis of this report, visit: https://www.fortunebusinessinsights.com/paper-slitting-machine-market-102919
"Availability of Labor at Low Cost to Accelerate Growth in Asia Pacific"
Asia Pacific procured USD 196.5 million in 2019 in terms of revenue. This growth is attributable to the availability of labor at cheap rates. Also, the densely populated countries, such as India and China house several paper slitting machine manufacturers for their lower capital costs. Both countries are considered to be the major manufacturing hubs for a wide range of paper products. Europe is expected to generate a considerable share fueled by the existence of multiple industry giants in this region. Besides, the regulatory bodies in this region are investing hefty amounts of money in a number of manufacturing projects.
Europe is expected to contribute a significant share in the global paper slitting machine market share, owing to the presence of majority of the key players in the region. This is also attributed to the increasing number of packaging industry in the region, which would yield an enhanced paper consumption. Besides, the government authorities in Europe are making large investments in manufacturing projects.
"Key Companies Aim to Increase Sales by Providing Innovative Technologies"
Reputed companies present in the market are enhancing their research and development activities by investing huge sums. They are striving to equip the paper slitting machines with unique technologies. Below are two of the latest industry developments:
- October 2019: Atlas Converting Equipment Ltd. unveiled ER610-DT, its next-generation compact turret slitter rewinder. It is capable of processing web widths up to 1650mm. It has a speed of 600m/min.
- April 2018: GOEBEL IMS announced the expansion of its service portfolio by opening MyLab. It is the company’s latest 800sqm customer innovation and application center to serve their clients efficiently.
Fortune Business Insights™ provides a list of all the paper slitting machine manufacturers operating in the market. They are as follows:
- Parkland Machines Ltd (England)
- ASHE Converting Equipment (England)
- SOMA (Czech Republic)
- ATLAS CONVERTING EQUIPMENT LT (United Kingdom)
- GOEBEL Schneid und Wickelsysteme GmbH (Germany)
- Kampf Schneid- und Wickeltechnik GmbH & Co. KG (Germany)
- Euromac S.r.l. (Italy)
- Parkinson Technologies, Inc (United States)
- Pasquato cutting machines (ITALY)
- Universal Converting Equipment (United Kingdom)
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Name: Ashwin Arora
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