Standard Parts for Tool Making Market: Punches & Dies Take Up a Large Chunk of Market Share

Posted on 2019-07-04 by Mark Hub in Internet & Online // 0 Comments

Rockville, USA, 2019-Jul-04 — /EPR Network/ —

Fact.MR Pvt. Ltd. has released a new study on Standard Parts for Tool Making market in China, extracting crucial market insights for the next ten year forecast period, unique strategies adopted by the players in terms of product differentiation and potential market hotspots, in-depth industry analysis on the same and opportunities for the market to grow. The revenue generated from the consumption of standard parts for tool making in China is estimated to be valued at US$ 471.0 Mn by the end of 2018 reaching US$ 703.5 Mn till the end of forecast period registering a CAGR of 4.1% (2018-2028).

Market Dynamics

From a global perspective, China is among the largest consumers of machine tools, including both metal cutting and metal forming tools. This is due to the fact that the manufacturing industry as a whole has been thriving positively in the country post the recession of 2009. Some of the important drivers contributing the growth of china standard parts for tool making market include dual growth of automotive & auto parts industry, initiation & rise of aircraft production in the country, improvements in foreign direct investments (FDI) & foreign invested enterprises (FIE) inflows, growth in fixed asset investment and others. Some of the opportunities for the manufacturers of standard parts to tap onto in order to increase the revenue returns include development new schemes such as China Manufacturing 2025 (CM2025) Initiative to increase manufacturing activities in the country. The market of standard parts in China faces competition from both developed and emerging economies which can attributed to customers preference towards quality parts that are available outside China, as well as increasing labor costs in the country can influence shifting of parts manufacturing outside China.

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The market segmentation offered in the report study is mentioned below: By Component Type

Guide Pillars
Bushes & Cages
Die & Gas Springs
Punches & Dies
Pillar & Bush Blocks
Dowel Pins (Set of 100)
Steel Plates
Others (Set of 100)

By Application

Stamping
Forming
Bending
Punching
Die-Casting

By End Use Industry

Automotive
Industrial Engineering and Equipment Consumer Goods
Aerospace & Defense
Others

By Sales Channel

Direct Sales
Retail Sales
Online Sales

If we look into the sales channel segment, direct sales segment takes up more than half of the market share is expected to dominate throughout the forecast period registering a CAGR of 4.1%. However, the fastest growing segment among all in this category is taken up by online sales segment with an expected CAGR of 4.6% in terms of value from 2018 to 2028.

Some of the key players covered in china standard parts for tool making market operating include MISUMI Group Inc., Barnes Group Inc., Erwin Halder KG, Meusburger Georg GmbH & Co KG, Läpple AG, Hong Yue Mold Fittings Ltd., Shenzhen QH Industrial Co., Ltd., Hongkai Precision Metal Stamping Tool And Product Co., Ltd., Agathon AG, STRACK NORMA GmbH & Co. KG., Changsha Borun Mould Co., Ltd., NITROGAS, S.A.U., DADCO, Inc., Jiashan Honglida Sliding Bearing Co., Ltd. among others.

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About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

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