Shearing Machine Market 2017-2021

Overview of the global shearing machine market

Technavio’s market research analyst predicts the global shearing machine market to grow steadily at a CAGR of around 3% by 2021. One of the primary drivers for this market is the rise in the demand for fabricated metal products. Metal shearing is an important metal fabrication technique used to cut or bend metal sheets. The rising global demand for fabricated metals from the construction and transportation machinery industries is fuelling the growth of the global fabricated metal products market. Also, the increasing demand for fabricated metals in the automotive industry, transport machinery, stamped metal products, ammunition, small arms, cutlery and utensils, fasteners, building products, building machinery, and other metal-based hardware products will further augment the growth of the global shearing machine market during the forecast period.

One of the latest trends gaining traction in this market is the replacement of hydraulic applications with fully electrical systems. With the advent of electromechanical drive systems, hydraulic cylinders are being increasingly replaced by electric drives in press brakes. The productivity of an electric drive press brake is double than that of a conventional hydraulic press brake. Moreover, higher energy efficiency and low maintenance cost will further propel the adoption of these systems in the coming years.

Competitive landscape and key vendors

The global shearing machine market is highly fragmented due to the presence of several international and regional vendors. The international vendors have a wide geographical presence with a large number of manufacturing facilities across the globe. To gain a competitive advantage, vendors are focussing on the development and the introduction of innovative products in the market.

Leading vendors in the market are –

• Amada Group
• Durmazlar Machinery
• HACO
• JMT USA
• IMAC Italia

Other prominent vendors in the shearing machine market include Schubert Group, Dreis & Krump Manufacturing Company, Baileigh Industrial, FINTEK INDUSTRY, LVD Group, Scotchman Industries, PRECI-SHEAR, XINGTAI REJUNBO MACHINERY MANUFACTURING COMPANY, HAKO CNC Machine (Anhui) Manufactory, Pull-X Machines, Betenbender Manufacturing, Adira, Cincinnati Incorporated, and Longevity Durma USA

Segmentation by product and analysis of the shearing machine market

• Bench shear
• Guillotine shear

During 2016, the bench shear dominated the shearing machine market and accounted for a major part of the overall market share. Factors such as lower price and higher adaptability are the major contributors to the dominance of this segment in the global market.

Geographical segmentation and analysis of the shearing machine market

• Americas
• APAC
• EMEA

In this market study, analysts have estimated APAC to dominate the shearing machine market during the forecast period. The exponential increase in the automotive and the construction industry is the major factor responsible for the dominance of this region in the shear machines market.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global shearing machine market?
• What are the key market trends impacting the growth of the global shearing machine market?
• What are the challenges to market growth?
• Who are the key vendors in the global shearing machine market?
• What are the market opportunities and threats faced by the vendors in the global shearing machine market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global shearing machine market?

Technavio also offers customization on reports based on specific client requirement.

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