Market Overview:
The global electric groove-cutting machine market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for electric groove-cutting machines in various applications such as road building, materials machining, and others. Additionally, the growing construction industry is also fueling the demand for electric groove-cutting machines across the globe.
Product Definition:
Electric Groove-cutting Machine is a machine that cuts grooves in a workpiece using an electric motor. The importance of Electric Groove-cutting Machine is that it can produce precise and consistent results, which makes it ideal for use in mass production settings.
2000 W:
The power of 2000 W is the highest used in Electric Groove-cutting Machine market. It's usage and growth factor are increasing continuously owing to the development of technology, rising demand for electricity, rapid industrialization and urbanization. The electric groove-cutting machine has a wide range of applications such as plastic recycling, paper recycling, rubber & plastic processing industries.
4000 W:
The machine is used for cutting the electric power supply to stop or reduce the vibration in machines and equipment. It works on the principle of isolating a portion of waveform with highpass filter, then super-imposing another waveform with different frequency and phase. The difference between frequencies cancels out any vibrational resonance within machinery, thereby preventing damage due to excessive vibrations.
4000 W is a type of electronic filter which reduces or eliminates electrical noise generated by machines.
Application Insights:
The road building segment dominated the global electric groove-cutting machine market in 2017. The segment is projected to witness significant growth over the forecast period owing to increasing demand for asphalt and concrete from various infrastructure projects, such as railway lines, highways and airports. In addition, growing urbanization along with a rise in construction activities across developing countries is expected to boost product demand over the next seven years.
The other applications include mining equipment manufacturing and material handling equipment manufacturing. Growing industrialization levels coupled with rising population has resulted in an increased demand for mining activities across various regions of the world including North America and Europe Pacifico Middle East & Africa. This factor is anticipated to drive product adoption for cutting grooves on metal sheets used in machinery used for material handling at mines thereby driving industry expansion over the forecast period (2018 - 2030).
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to several emerging economies, including China, India, and Japan. Increasing construction activities in these countries are likely to drive product demand as well as machine sales. In addition, rising automotive production will further propel industry expansion over the next eight years.
North America accounted for a significant share of revenue in 2017 owing to high adoption of groove-cutting machines for woodworking applications across this region due mainly to growing residential construction sector coupled with increasing consumer preference for energy-efficient homes built using eco-friendly materials such as plywood and oriented strand board (OSB).
Growth Factors:
- Increasing demand for electric groove-cutting machines from the automotive and aerospace industries due to the growing need for precision machining.
- Rising demand for electric groove-cutting machines from small and medium enterprises (SMEs) due to the increasing adoption of these machines in various applications such as metal fabrication, woodworking, and plastic processing.
- Growing popularity of electric groove-cutting machines among hobbyists owing to their easy operability and low cost of ownership.
- Technological advancements in electric groove-cutting machine design that are resulting in improved performance, accuracy, and efficiency across different applications segments.
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric Groove-cutting Machine Market Research Report
By Type
2000 W, 4000 W, Other
By Application
Road Building, Materials Machining, Other
By Companies
Eibenstock, Flex, HITACHI KOKI, Lamello, LEISTER Technologies, Milwaukee, Otto Baier
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
167
Number of Tables & Figures
117
Customization Available
Yes, the report can be customized as per your need.
Global Electric Groove-cutting Machine Market Report Segments:
The global Electric Groove-cutting Machine market is segmented on the basis of:
Types
2000 W, 4000 W, Other
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
Road Building, Materials Machining, Other
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:
- Eibenstock
- Flex
- HITACHI KOKI
- Lamello
- LEISTER Technologies
- Milwaukee
- Otto Baier
Highlights of The Electric Groove-cutting Machine 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:
- 2000 W
- 4000 W
- Other
- By Application:
- Road Building
- Materials Machining
- Other
- 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 Electric Groove-cutting Machine 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
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- 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?
Electric groove-cutting machine is a type of CNC machining center that can cut grooves in metal using a rotating cutting tool.
Some of the major companies in the electric groove-cutting machine market are Eibenstock, Flex, HITACHI KOKI, Lamello, LEISTER Technologies, Milwaukee, Otto Baier.
The electric groove-cutting machine market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Electric Groove-cutting Machine Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Electric Groove-cutting Machine Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electric Groove-cutting Machine Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Electric Groove-cutting Machine Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Electric Groove-cutting Machine Market Size & Forecast, 2018-2028
4.5.1 Electric Groove-cutting Machine Market Size and Y-o-Y Growth
4.5.2 Electric Groove-cutting Machine Market Absolute $ Opportunity
Chapter 5 Global Electric Groove-cutting Machine Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Electric Groove-cutting Machine Market Size Forecast by Type
5.2.1 2000 W
5.2.2 4000 W
5.2.3 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Electric Groove-cutting Machine Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Electric Groove-cutting Machine Market Size Forecast by Applications
6.2.1 Road Building
6.2.2 Materials Machining
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electric Groove-cutting Machine Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Electric Groove-cutting Machine Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Electric Groove-cutting Machine Analysis and Forecast
9.1 Introduction
9.2 North America Electric Groove-cutting Machine Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Electric Groove-cutting Machine Market Size Forecast by Type
9.6.1 2000 W
9.6.2 4000 W
9.6.3 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Electric Groove-cutting Machine Market Size Forecast by Applications
9.10.1 Road Building
9.10.2 Materials Machining
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Electric Groove-cutting Machine Analysis and Forecast
10.1 Introduction
10.2 Europe Electric Groove-cutting Machine Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Electric Groove-cutting Machine Market Size Forecast by Type
10.6.1 2000 W
10.6.2 4000 W
10.6.3 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Electric Groove-cutting Machine Market Size Forecast by Applications
10.10.1 Road Building
10.10.2 Materials Machining
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Electric Groove-cutting Machine Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Electric Groove-cutting Machine Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Electric Groove-cutting Machine Market Size Forecast by Type
11.6.1 2000 W
11.6.2 4000 W
11.6.3 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Electric Groove-cutting Machine Market Size Forecast by Applications
11.10.1 Road Building
11.10.2 Materials Machining
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Electric Groove-cutting Machine Analysis and Forecast
12.1 Introduction
12.2 Latin America Electric Groove-cutting Machine Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Electric Groove-cutting Machine Market Size Forecast by Type
12.6.1 2000 W
12.6.2 4000 W
12.6.3 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Electric Groove-cutting Machine Market Size Forecast by Applications
12.10.1 Road Building
12.10.2 Materials Machining
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Electric Groove-cutting Machine Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Electric Groove-cutting Machine Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Electric Groove-cutting Machine Market Size Forecast by Type
13.6.1 2000 W
13.6.2 4000 W
13.6.3 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Electric Groove-cutting Machine Market Size Forecast by Applications
13.10.1 Road Building
13.10.2 Materials Machining
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Electric Groove-cutting Machine Market: Competitive Dashboard
14.2 Global Electric Groove-cutting Machine Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Eibenstock
14.3.2 Flex
14.3.3 HITACHI KOKI
14.3.4 Lamello
14.3.5 LEISTER Technologies
14.3.6 Milwaukee
14.3.7 Otto Baier
