Market Overview:
The global fine pole magnetic chuck market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for precision machining and the growing adoption of fine pole magnetic chucks in various applications such as milling machines, cutting machines, lathe machines, and others. In addition, the increasing demand for miniaturized components is also contributing to the growth of this market. However, factors such as high installation and maintenance costs may restrain the growth of this market during the forecast period. On basis on type, electro-permanent chuck segment is projected to hold major share in global fine pole magnetic chuck market over next 10 years owing its features including easy operation & installation and long life span as compared permanent magnet chuck segment which are usually used for heavy duty machining operations . On basis on application , milling machine segment accounted highest revenue share in 2017 due its ability produce precise cuts with less material removal when compare with other types of machine tools .Geographically , North America held largest revenue share followed by Europe in 2017 .
Product Definition:
A fine pole magnetic chuck is a device used to hold objects in place using a strong magnetic field. The importance of a fine pole magnetic chuck is that it can hold objects with great precision, making it ideal for use in machining and other manufacturing processes.
Electro-Permanent Chuck:
Electro-Permanent Chuck is a device that uses permanent magnets to produce high torque at low weight. It has applications in various industries such as medical, automation, and electronics. The Electro-PermanentChuck market is expected to grow at a significant rate owing to its ability of working without any power source and suitability for small size devices requiring high torque density.
Permanent Magnet Chuck:
Permanent magnet chucks are used in Fine pole magnetic chucks. They have a high torque density and can be used to transfer large force over short distances. The design of the fine-poles is such that they can carry high current and generate low-frequency electromagnetic fields, which makes them suitable for applications where small size, light weight, and high current are required.
Application Insights:
Milling machine was the largest application segment in 2017 and is expected to continue its dominance over the forecast period. These machines are widely used for various applications, including woodworking, metal working, plastic working and others. The permanent magnet type of fine pole magnetic chucks are preferred for this application as they offer a compact design with high holding force.
The cutting machines segment is expected to register a significant CAGR of XX% from 2018 to 2030 owing to increasing demand for these devices from end-use industries across various verticals such as automotive, construction and electronics among others.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has a large number of manufacturers, which makes it an attractive regional market for fine pole magnetic chucks. China, Taiwan and Japan are among the largest markets in this region. In addition, India is also anticipated to be one of the fastest-growing markets owing to increasing demand from various industries such as aerospace & defense, automotive etc.
North America accounted for a significant share in terms of revenue generation due to high demand from several end-use applications such as milling machines and cutting machines on account of growing automation across various industrial sectors including manufacturing industry, mining industry etc. However, slow growth rate on account of economic slowdown post 2016 may hamper its growth further; however it will bounce back with higher gains during recession time frames (recession years).
Growth Factors:
- Increasing demand for fine pole magnetic chuck in the automotive and aerospace industries due to its high accuracy and precision.
- Growing demand for miniaturization in electronic devices, which is fueling the need for smaller and finer pole magnetic chucks.
- Rising adoption of fine pole magnetic chuck in medical applications owing to its ability to produce high-quality images with low distortion levels.
- Increasing investments by manufacturers in research and development activities to develop advanced fine pole magnetic chuck products that meet the specific needs of different industries.
Scope Of The Report
Report Attributes
Report Details
Report Title
Fine Pole Magnetic Chuck Market Research Report
By Type
Electro-Permanent Chuck, Permanent Magnet Chuck
By Application
Milling Machine, Cutting Machines, Lathe Machines, Others
By Companies
Hermann Schmidt, Sarda Magnets Group, Tormach, Accusize Industrial Tools, TECHNIKS TOOL GROUP
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Fine Pole Magnetic Chuck Market Report Segments:
The global Fine Pole Magnetic Chuck market is segmented on the basis of:
Types
Electro-Permanent Chuck, Permanent Magnet Chuck
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Milling Machine, Cutting Machines, Lathe Machines, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Hermann Schmidt
- Sarda Magnets Group
- Tormach
- Accusize Industrial Tools
- TECHNIKS TOOL GROUP
Highlights of The Fine Pole Magnetic Chuck Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Electro-Permanent Chuck
- Permanent Magnet Chuck
- By Application:
- Milling Machine
- Cutting Machines
- Lathe Machines
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Fine Pole Magnetic Chuck Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Fine Pole Magnetic Chuck is a type of magnetic chuck that uses fine-pointed magnets to hold parts in place. This type of chuck is often used in manufacturing and engineering applications, where precise positioning and alignment of parts are critical.
Some of the major players in the fine pole magnetic chuck market are Hermann Schmidt, Sarda Magnets Group, Tormach, Accusize Industrial Tools, TECHNIKS TOOL GROUP.
The fine pole magnetic chuck market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Fine Pole Magnetic Chuck Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Fine Pole Magnetic Chuck Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Fine Pole Magnetic Chuck Market - Supply Chain
4.5. Global Fine Pole Magnetic Chuck Market Forecast
4.5.1. Fine Pole Magnetic Chuck Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Fine Pole Magnetic Chuck Market Size (000 Units) and Y-o-Y Growth
4.5.3. Fine Pole Magnetic Chuck Market Absolute $ Opportunity
5. Global Fine Pole Magnetic Chuck Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Fine Pole Magnetic Chuck Market Size and Volume Forecast by Type
5.3.1. Electro-Permanent Chuck
5.3.2. Permanent Magnet Chuck
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Fine Pole Magnetic Chuck Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Fine Pole Magnetic Chuck Market Size and Volume Forecast by Application
6.3.1. Milling Machine
6.3.2. Cutting Machines
6.3.3. Lathe Machines
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Fine Pole Magnetic Chuck Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Fine Pole Magnetic Chuck Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Fine Pole Magnetic Chuck Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Fine Pole Magnetic Chuck Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Fine Pole Magnetic Chuck Demand Share Forecast, 2019-2026
9. North America Fine Pole Magnetic Chuck Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Fine Pole Magnetic Chuck Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Fine Pole Magnetic Chuck Market Size and Volume Forecast by Application
9.4.1. Milling Machine
9.4.2. Cutting Machines
9.4.3. Lathe Machines
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Fine Pole Magnetic Chuck Market Size and Volume Forecast by Type
9.7.1. Electro-Permanent Chuck
9.7.2. Permanent Magnet Chuck
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Fine Pole Magnetic Chuck Demand Share Forecast, 2019-2026
10. Latin America Fine Pole Magnetic Chuck Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Fine Pole Magnetic Chuck Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Fine Pole Magnetic Chuck Market Size and Volume Forecast by Application
10.4.1. Milling Machine
10.4.2. Cutting Machines
10.4.3. Lathe Machines
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Fine Pole Magnetic Chuck Market Size and Volume Forecast by Type
10.7.1. Electro-Permanent Chuck
10.7.2. Permanent Magnet Chuck
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Fine Pole Magnetic Chuck Demand Share Forecast, 2019-2026
11. Europe Fine Pole Magnetic Chuck Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Fine Pole Magnetic Chuck Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Fine Pole Magnetic Chuck Market Size and Volume Forecast by Application
11.4.1. Milling Machine
11.4.2. Cutting Machines
11.4.3. Lathe Machines
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Fine Pole Magnetic Chuck Market Size and Volume Forecast by Type
11.7.1. Electro-Permanent Chuck
11.7.2. Permanent Magnet Chuck
11.8. Basis Point Share BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Fine Pole Magnetic Chuck Demand Share, 2019-2026
12. Asia Pacific Fine Pole Magnetic Chuck Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Fine Pole Magnetic Chuck Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Fine Pole Magnetic Chuck Market Size and Volume Forecast by Application
12.4.1. Milling Machine
12.4.2. Cutting Machines
12.4.3. Lathe Machines
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Fine Pole Magnetic Chuck Market Size and Volume Forecast by Type
12.7.1. Electro-Permanent Chuck
12.7.2. Permanent Magnet Chuck
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Fine Pole Magnetic Chuck Demand Share, 2019-2026
13. Middle East & Africa Fine Pole Magnetic Chuck Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Fine Pole Magnetic Chuck Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Fine Pole Magnetic Chuck Market Size and Volume Forecast by Application
13.4.1. Milling Machine
13.4.2. Cutting Machines
13.4.3. Lathe Machines
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Fine Pole Magnetic Chuck Market Size and Volume Forecast by Type
13.7.1. Electro-Permanent Chuck
13.7.2. Permanent Magnet Chuck
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Fine Pole Magnetic Chuck Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Fine Pole Magnetic Chuck Market: Market Share Analysis
14.2. Fine Pole Magnetic Chuck Distributors and Customers
14.3. Fine Pole Magnetic Chuck Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Hermann Schmidt
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Sarda Magnets Group
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Tormach
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Accusize Industrial Tools
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. TECHNIKS TOOL GROUP
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. COMPANY6
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
