Wire Binding Machine Market: Introduction

A wire binding machine produces the most convenient book binding formats being used today. The books are easy to create and the spines are available in a variety of colors and diameters. Wire binding is a popular commercial book binding method, and is known by a number of different names including twin loop wire, wire-o, double loop wire, double-o, ring wire, and wire bind. With this binding method, users insert their punched pages onto a "C" shaped spine and then use a wire closer to squeeze the spine until it is round. Documents that are bound with wire binding have a high-tech look and opens completely flat on a desk and allow for 360 degree rotation of bound pages. Binding machines offer two binding formats - 2:1 and 3:1 binding formats. The 2:1 pitch wires are available in diameters all the way up to 1 ½,” and the 3:1 pitch wires only go up to 9/16.”

Key drivers of the wire binding machine market

The growing requirement of wire binding machines can be attributed to the rise in usage of wire binding in accounting firms, real estate firms, engineering & construction firms, marketing agencies, government offices, and by architects etc. The binding machines are easy to operate. Also, with increasing need to maintain documents, files, and records at one single place it becomes necessary to keep the papers punched under one file, thus leading to growing demand for wire binding machines in offices around the globe. These factors act as drivers and propels the demand for wire binding machines at the global level.

Improved features creating opportunities in the wire binding machine market

Manufacturers keep improving the products so as to cater to a larger customer base. For instance, in 2017, Fude Binding Equipment Co., a manufacturer of binding equipment, offered semi-automatic double wire binding machines. The machine counts, cuts, and places the wire in position to be closed. The operator places the perforated book on the table where the machine takes the book and places it in the wire before closing the wire. The machine has the capability to produce between 600-900 books per hour, depending on the operator. This machine is ideal for the production of notebooks, calendars, agendas, albums, etc.  Another brand dealing in binding equipment called VMS, offers paper binder machines with 21 punching holes for spiral binding (450 sheets of 80 GSM). These new improved features creates new opportunities for the product in the market.

Counterfeits a restraint of the wire binding machine market

One of the restraints of wire binding machine tools is the presence of counterfeit products. Often it is seen that wire binding machines that closely resemble the original machines of various brands are available in the market. These imitation tools are manufactured in China and are typically found selling on China-based internet retailers by private resellers. These factors acts as restraints for the wire binding machine market.

Asia Pacific the dominant market

Asia Pacific accounts for dominant share in the wire binding machine market in terms of revenue contribution as compared to markets in other regions due to increased adoption of wire binding machines by various end-users in the region. In addition, the increasing usage of wire binding machines among consumers in countries such as Japan, China, and Australia is expected to trigger demand for the machine. Technological advancements and rapidly growing demand for the product is impacting the growth of the wire binding machine market in the region.

Key players operating in the global market

Companies are working on product innovation and development to expand their customer base. Furthermore, key companies are adopting the merger and acquisition strategy to improve their market revenue at the global level.

Some of the major companies identified in the wire binding machine market are:

  • Comet
  • GBC
  • DELI
  • Fellowes
  • DSB

Wire Binding Machine Market: Research Scope

Wire Binding Machine Market, by Type

  • 2:1 (21 Holes)
  • 3:1(34 Holes)

Wire Binding Machine Market, by Application

  • Paper
  • Plastic
  • Leather
  • Others

Wire Binding Machine Market, by Region

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • Germany
    • France
    • U.K.
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Rest of South America

The report on the wire binding 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.

Disclaimer: This ongoing market research study is a meticulously planned activity where a broad array of factors and aspects that shape the marketing environment and industry are taken into account. However, keeping in mind the constantly changing nature of business dynamics and changing strategic intents, we are always actively making iterations and modifications in our approaches. As always, we are ready to tailor our insights and guidance to suit your requirements. Engage with us to know what more is there for your CXOs.

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Wire Binding Machine Market