What is Global Machine Tool Vise Market?
The Global Machine Tool Vise Market is a vast and dynamic sector that plays a crucial role in the manufacturing industry. Machine Tool Vises are mechanical devices used to secure an object to allow work to be performed on it. They are typically used in metalworking processes such as milling, lathing, and grinding. The global market for these tools is expansive, with a wide range of products available to cater to various industrial needs. In 2023, the market was valued at a substantial US$ 448 million, and it is projected to grow to US$ 530 million by 2030. This growth is driven by the increasing demand for precision and efficiency in manufacturing processes. The market is also influenced by technological advancements, which have led to the development of more sophisticated and efficient tools. The Asia-Pacific region is the largest consumer of Machine Tool Vises, accounting for about half of the global market share. Europe and North America also contribute significantly to the market, with shares of about 22% and 20% respectively.
Single Station, Dual Station, Multiple Station in the Global Machine Tool Vise Market:
The Global Machine Tool Vise Market is segmented based on the type of vise, namely Single Station, Dual Station, and Multiple Station. The Single Station vise is the most popular, accounting for nearly 90% of the global market share. These vises are known for their simplicity and efficiency, making them a preferred choice for many manufacturers. Dual Station vises, on the other hand, offer the advantage of holding two workpieces simultaneously, thereby increasing productivity. However, they are more complex and expensive, which limits their market share. Multiple Station vises are the most advanced, capable of holding multiple workpieces at once. They are ideal for high-volume production but their high cost and complexity make them less common. Despite these differences, all three types of vises play a crucial role in the manufacturing industry, each catering to specific needs and applications.
Lathing, Milling, Grinding, Others in the Global Machine Tool Vise Market:
The Global Machine Tool Vise Market finds its application in various areas such as lathing, milling, grinding, among others. In lathing, the vise is used to hold the workpiece securely while it is rotated against a cutting tool. This process is essential for creating cylindrical parts and components. In milling, the vise is used to hold the workpiece stationary while a rotating cutter removes material. This process is used to create a wide range of shapes and features. In grinding, the vise is used to hold the workpiece in place while a grinding wheel removes material to achieve a smooth finish. Other applications of Machine Tool Vises include drilling, shaping, and planing. Each of these applications requires a specific type of vise, designed to meet the unique requirements of the process. The versatility and utility of Machine Tool Vises make them an indispensable part of the manufacturing industry.
Global Machine Tool Vise Market Outlook:
The future of the Global Machine Tool Vise Market looks promising, with a steady growth rate projected for the coming years. In 2023, the market was valued at US$ 448 million, and it is expected to reach US$ 530 million by 2030, growing at a CAGR of 2.4%. This growth is primarily driven by the increasing demand for precision and efficiency in manufacturing processes. The Asia-Pacific region is the largest consumer of Machine Tool Vises, accounting for about half of the global market share. Europe and North America also contribute significantly to the market, with shares of about 22% and 20% respectively. The Single Station vise is the most popular type, accounting for nearly 90% of the global market share. The Milling and Lathing applications accounted for about 11% and 10% respectively. These figures indicate a strong and steady demand for Machine Tool Vises across various industries and regions.
| Report Metric | Details |
| Report Name | Machine Tool Vise Market |
| Accounted market size in 2023 | US$ 448 million |
| Forecasted market size in 2030 | US$ 530 million |
| CAGR | 2.4% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Kurt Manufacturing Company, Inc., Röhm, Tsudakoma, Gerardi S.p.A., Römheld GmbH Friedrichshütte, Georg Kesel, ALLMATIC-Jakob Spannsysteme, Schunk, Gin Chan Machinery, Kitagawa, Chick Workholding Solutions, Inc., Takeda Machine Tools, 5th Axis, Japan Automatic Machine Co., Ltd., ANDREAS MAIER GMBH & CO. KG (AMF), Jergens, Inc., LANG Technik GmbH, Fresmak S.A. |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
