Global Clamping Devices Market: Introduction
Clamping devices are equipment that hold an object firmly and in correct position when cutting forces are applied on the object, without causing any damage to the object. The mechanism that is used to hold a work-piece in place is known as clamp. The tools that are used for the “clamp” mechanism are known as clamping tools. The most important function of a clamp is to firmly hold a work-piece in one place. During any kind of accidental vibration, the clamping device must hold the work-piece in position and not loosen it.
Global Clamping Devices Market: Competitive Landscape
Actuant Corporation was established in 1910 with headquarters in Menomonee Falls, Wisconsin, the U.S. Actuant Corporation designs, manufactures, and distributes a broad range of industrial products and systems to various end markets. The company is active in the business of industrial tools & services and engineering components and systems. Its industrial tools & services product portfolio consists of link clamps, pull down clamps, swing clamps, clamp accessories and other clamping devices, pumps, hoses, valves, hydraulic oil, bolting tools, portable machine tools, heavy lifting equipment, etc. The company has operations across North America, Europe, Asia Pacific, Middle East & Africa, and South America. Actuant Corporation sells “Enerpac” products through a distribution network consisting of 1,400 distributors across 22 countries. Actuant Corporation has eight manufacturing plants designing and manufacturing 50,000 products.
SIKO GmbH is a global clamping devices company founded in 1963 by Dr. Ing. Gunther Wandres and is headquartered in Buchenbach, Germany. The company’s product portfolio consists of clamping plates, position indicators, control knobs, hand wheels, control knobs, rotatory encoders, geared potentiometers, wire-actuated encoders, actuators, sensors, and various other products. The company has operations across North America, Europe, Asia Pacific, Middle East & Africa, and South America.
AHP Merkle GmbH
AHP Merkle GmbH was established in 1973 and is headquartered in Gottenheim, Germany. The company’s product portfolio consists of rotating clamp unit, screw-in rotating clamp unit, block cylinder with wedge clamping element, block cylinder, tie rod cylinder, locking cylinder, push unit, core pull unit, cube cylinder, flanged cylinder, double-lined cylinder, circular block cylinder, hydraulic cylinder, screw-in cylinder, stamping cylinder, rotating clamp unit, and other products. The company has subsidiaries in China, Portugal, and Italy, handling customer queries from Europe, Asia Pacific, and North and South America.
Festo AG & Co. KG
Festo AG & Co. KG was founded in 1925 with its headquarters in Esslingen, Germany. The company’s product portfolio consists of clamping unit, clamping cartridge, clamping component, pneumatic actuator, electric actuator, servo-pneumatic actuator, servo motors and drives, industrial robots, vacuum technology products, pneumatic valves, sensors, vision system, compressed air treatment, controllers and software, and other products. Festo AG & Co. KG has subsidiary companies in 61 countries, and over 250 branch offices and sales and after-sales offices in 176 countries.
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Global Clamping Devices Market: Dynamics
Rise in automotive industry across the world
Across the world, an increase in demand for automobiles is seen with rise in millennial population, increase in disposable income, and changing lifestyles, especially across Asia Pacific countries. Rise in demand for automobiles is increasing the market size of the automotive industry which is subsequently increasing the demand for clamping devices.
Global Clamping Devices Market: Segmentation
The global clamping devices market can be segmented based on:
- Distribution Channel
Global Clamping Devices Market, by Type
- Manual Clamping
- Motorized Clamping
- Automatic Clamping
Global Clamping Devices Market, by Application
- Aerospace & Defense
Global Clamping Devices Market, by Distribution Channel
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The report on the global clamping devices market is a compilation of first-hand information, qualitative and quantitative assessment by market analysts, and inputs from market experts and market participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, along with market attractiveness of each segment. The report also maps the qualitative impact of various factors on segments of the global market across different regions.
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.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
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
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.