Stripping Machines Market: Introduction
- A wire stripping machine is a power based machinery used for heavy duty casing removal from coaxial cables, electrical wires, and similar types of wiring in different industrial sectors. Stripping machines have a unique design that allows the user to remove a wide range of wires and cables. It consists of a wire cutter-like industrial machinery that has two counter blades with a series of different sized notches. Wire stripping machines generally have higher efficiency than manual wire strippers. Increasing popularity of computer wire stripping machines, which are usually driven by step motor or servo motor that operate through PLC or single-chip micro-controller programming control that help the user to cut off the wire according to the specified length in specific time intervals is likely to drive the sales of stripping machines.
Key Drivers of the Stripping Machines Market
- Increasing wire stripping activities in several industries is fueling the market for stripping machines. The major benefit of advanced stripping machines is enhanced productivity and overall quality of products manufactured with high precision, accuracy, and minimal error. Key players across the globe are introducing stripping machines with advanced technology that use microcomputers with pre-programmed stripping options. This is likely to drive the sales of stripping machines across the globe. Moreover, rapid growth in many industrial sectors that opt for automated cutting, stripping, and crimping to perform different industrial activities is likely to promote the sales of stripping machines over the next few years.
Strong Presence of Alternative Solutions: Key Restraint of the Market
- Stripping machines are costly, which is expected to act as a barrier for the growth of the market in the coming years. Moreover, presence of manual strippers may act as a restraint to the growth of the stripping machines market in the near future.
Asia Pacific to Hold Major Share of the Global Stripping Machines Market
- The global stripping machines market can be segmented into five regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America
- The market in North America can be divided into the U.S., Canada, and Rest of North America. The Europe market can be segregated into the U.K., Germany, France, and Rest of Europe. Asia Pacific comprises India, China, Japan, and Rest of Asia Pacific. Middle East & Africa includes GCC, South Africa, and Rest of Middle East & Africa. The stripping machines market in South America can be segmented into Brazil and Rest of South America.
- Rapid growth in the industrial sector is driving the stripping machines market in Asia Pacific, especially in countries such as China and India.
Key Players Operating in the Stripping Machines Market
The global stripping machines market is consolidated in nature due to presence of limited players across the globe. These players have adopted strategies such as new product development, acquisitions, mergers, and agreements to be competitive and expand customer base in the market.
Some of the leading players in the global stripping machines market include:
- Artos Engineering
- Carpenter Manufacturing Company, Inc.
- Kingsing Machinery Co., Limited
- Kodera Electronics Co., Ltd.
- Komax Holding
- Machine Makers R.S.
- Maple Legend Inc.
- Metzner Maschinenbau GmbH
- MK Electronics Ltd
- Schleuniger Group
- The Eraser Company
Global Stripping Machines Market: Research Scope
Global Stripping Machines Market, by Type
Global Stripping Machines Market, by Stripping Method
- Others (Laser, Chemical, etc.)
Global Stripping Machines Market, by Application
- Consumer Electronics
- Railway and Transportation
- Information and Communications Technology (ICT)
- Industrial Electronics and Appliances
- Communication Industry
- Others (Aerospace, Defense, etc.)
Global Stripping Machines Market, by Distribution Channel
- Direct Sales
- Indirect Sales
Global Stripping Machines Market, by Region
- North America
- The U.S.
- Rest of North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East & Africa
- South Africa
- Rest of Middle East and Africa
- South America
- Rest of South America
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