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.
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.
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.
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