Plate Beveling Machine Market: Introduction
- Plate beveling machines are used for beveling of plates. The beveling process is usually carried out to prepare appropriate ends for welding thick metal plates. The inclined shape formed on one or both sides of the plate with the use of these machines is called a bevel. Milling tool and insert head are important components of the machine, which determine its efficiency. Various types of tools are available in the market depending on the plate material, thickness, and needs of the application industry.
Key Drivers of the Global Plate Beveling Machine Market
- Expansion of end-use industries and high demand for different applications can be identified as the key drivers for the plate beveling machines market. The oil & gas industry demands innovative beveling machines to handle a wide range of plates in terms of material and size. Innovation in milling technology and increase in rate of adoption of auto feed beveling machines are estimate to boost the market during the forecast period.
- Key manufacturers are focused on frequent new product launches to cater to the evolving industry standards and end-use requirements. Furthermore, automation of machines is gaining preference over manual operations.
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Opportunities in the Global Plate Beveling Machine Market
- Increase in demand for portable and customized beveling machines is a key opportunity in the global plate beveling machine market. Portable machines are increasingly preferred for on-site plate beveling requirement. Infrastructure development, oil & gas industry, and shipbuilding industry are expected to exhibit significant demand for beveling machines in the next few years.
COVID-19 Pandemic has Lowered Demand across Downstream Industries
The partial or complete lockdown across different parts of the world due to COVID-19 has caused a disruption in the supply chain of the beveling machine industry. Therefore, slowdown of activities across end-use industries has hampered the demand for beveling machines in the respective industries.
Asia Pacific Market to Expand at Significant CAGR during the Forecast Period
- Based on geography, the global plate beveling machine market can be classified into South America (SA), North America (NA), Europe (EU), Middle East & Africa (MEA), and Asia Pacific (APAC).
- Country-level bifurcation of the North America market includes the forecast and analysis for the U.S., Canada, and Rest of North America. The country-level analysis and forecast of the Europe market covers the plate beveling machine market in the U.K., Germany, France, and Rest of Europe. The country-level analysis and forecast for the Asia Pacific market includes major countries in the region such as India, China, Japan, and Rest of Asia Pacific. Middle East & Africa country-level analysis and forecast for the plate beveling machine market includes GCC countries, South Africa, and Rest of Middle East & Africa. The South America plate beveling machine market is categorized into Brazil, and Rest of South America.
- Well-developed automotive industry and rising production of machinery and heavy equipment are identified as key drivers of the beveling machine market in Asia Pacific. Moreover, India and China are major automotive hubs globally. Strong investment in infrastructure development and commercial construction is expected to offer significant opportunities for the plate beveling machine market.
Key Players Operating in the Global Market
Innovation-based product development and strong focus on capacity expansion and efficient production are key strategies of manufacturers. Leading players are investing in extensive research & development projects to design advanced products and upgrade existing product portfolio. Furthermore, companies are increasingly preferring online sales channels and partnerships with international traders to reach global customers and expand their business footprint across untapped markets.
Some of the major companies identified in the global plate beveling machine market are:
- Steelmax Tools LLC
- CS Unitec
- Ferro Tools
- DWT GmbH
- H and M
- JET Tools
- SAAR USA
- Bevel Limited
- BDS Maschinen GmbH
- Powermaster Engineers Pvt. Ltd.
- TAG Pipe Equipment Specialists Ltd.
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Global Plate Beveling Machine Market: Research Scope
Global Plate Beveling Machine Market, by Type
Global Plate Beveling Machine Market, by Operation Mode
Global Plate Beveling Machine Market, by Placement
Global Plate Beveling Machine Market, by Industry
- Machine Manufacturing
- Oil & Gas
- Power Utility
- Others (Infrastructure, etc.)
The report on the global plate beveling machine market is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, along with market attractiveness as per segments. The report also maps the qualitative impact of various factors on market segments and 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.