Market Overview:
The global wire straightening machine 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 wire straightening machines from various end-use industries, such as machinery & equipment, automotive, chemical & material, and others. In addition, the increasing adoption of numerically controlled (NC) wire straightening machines 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 the basis of type, the global wire straightening machine market can be segmented into mechanical and NC wire straightening machines.
Product Definition:
Wire Straightening Machine is a device used to straighten the wire. It is an important device as it helps in preparing the wire for further processing.
Mechanical:
A mechanical wire straightening machine is used to restore the original shape of the wires. It is mainly used for aluminum and copper wires, which are coiled or have a spiral shape. The machine uses two rollers to stretch out the wire into a flat surface. This process can be repeated continuously until all sides of the coil are rolled out evenly.
The global mechanical wire straightening machine market size was valued at USD 985 million in 2016.
Numerically Controlled:
Numerically controlled (NC) machine is an automated device used for straightening wires. It has several advantages such as it can perform repetitive tasks with high speed and accuracy, it can also be used to produce multiple types of wires including aluminum, copper & steel in a variety of shapes and sizes. NC machines are widely used in the wire drawing/flattening market owing to their ability to provide consistent results at a faster rate.
Application Insights:
The machinery and equipment segment dominated the global wire straightening machine market in 2017, accounting for over 60.0% share of the total revenue. The demand is generally higher in urban areas in comparison to rural areas due to the high cost of land and construction involved. Moreover, rapid growth of manufacturing industries including automotive, electronics & semiconductor, food & beverage and others has resulted in increased demand for metalworking machinery across the globe which will positively influence industry growth over the forecast period.
Automotive was one among few applications that registered a significant volume share gain from 2014 to 2015 owing to increasing production levels across various regions coupled with stringent regulations regarding dimensional tolerances on vehicles body panels and chassis parts.
Regional Analysis:
Asia Pacific wire straightening machine market is expected to grow at the highest CAGR of XX% over the forecast period, owing to rapid industrialization and increasing foreign investments in the region. The growth can be attributed to various factors such as low labor costs, availability of raw materials, and easy access to electricity in countries like China and India. Moreover, rising demand for consumer electronics including smartphones and laptops has led manufacturers in Asia Pacific region to increase their production capacities by investing huge amounts in plant & machinery or acquiring other companies with strong distribution networks.
North America accounted for a significant share of global revenue due high product adoption across end-use industries such as automotive manufacturing industry which requires precision tools with accurate dimensions Wire machines are used for shaping metal parts using different types of metals such as steel alloys (stainless), nonferrous metals (aluminum), etc.
Growth Factors:
- Increasing demand from end-use industries such as automotive, electrical and electronics, and construction
- Growing popularity of automated machines over manual labor-intensive methods
- Rising investments in research and development to develop new and innovative products
- Proliferation of online shopping portals that offer a wide range of wire straightening machines at competitive prices
- Growing number of small-scale enterprises that are opting for wire straightening machines to improve their production efficiency
Scope Of The Report
Report Attributes
Report Details
Report Title
Wire Straightening Machine Market Research Report
By Type
Mechanical, Numerically Controlled
By Application
Machinery & Equipment, Automotive, Chemical & Material, Other
By Companies
MAE Group, Galdabini, Hines Industries, KBH Company, ISR, Pegasys Systems, Changchun Huikai Technology, SAMICK Precision Ind, Clifford Machines & Technology, Shuster-Mettler Corporation
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
147
Number of Tables & Figures
103
Customization Available
Yes, the report can be customized as per your need.
Global Wire Straightening Machine Market Report Segments:
The global Wire Straightening Machine market is segmented on the basis of:
Types
Mechanical, Numerically Controlled
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
Machinery & Equipment, Automotive, Chemical & Material, 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:
- MAE Group
- Galdabini
- Hines Industries
- KBH Company
- ISR
- Pegasys Systems
- Changchun Huikai Technology
- SAMICK Precision Ind
- Clifford Machines & Technology
- Shuster-Mettler Corporation
Highlights of The Wire Straightening 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:
- Mechanical
- Numerically Controlled
- By Application:
- Machinery & Equipment
- Automotive
- Chemical & Material
- 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 Wire Straightening 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
- 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?
A wire straightening machine is a device used to smooth out the curves of wires. It uses a rotating wheel or an electric current to smooth out the wire's surface.
Some of the major companies in the wire straightening machine market are MAE Group, Galdabini, Hines Industries, KBH Company, ISR, Pegasys Systems, Changchun Huikai Technology, SAMICK Precision Ind, Clifford Machines & Technology, Shuster-Mettler Corporation.
The wire straightening machine market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Wire Straightening 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 Wire Straightening Machine Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Wire Straightening 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 Wire Straightening 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 Wire Straightening Machine Market Size & Forecast, 2020-2028
4.5.1 Wire Straightening Machine Market Size and Y-o-Y Growth
4.5.2 Wire Straightening Machine Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Mechanical
5.2.2 Numerically Controlled
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Machinery & Equipment
6.2.2 Automotive
6.2.3 Chemical & Material
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Wire Straightening 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 Wire Straightening 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Mechanical
9.6.2 Numerically Controlled
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 Market Size Forecast by Applications
9.10.1 Machinery & Equipment
9.10.2 Automotive
9.10.3 Chemical & Material
9.10.4 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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Mechanical
10.6.2 Numerically Controlled
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 Market Size Forecast by Applications
10.10.1 Machinery & Equipment
10.10.2 Automotive
10.10.3 Chemical & Material
10.10.4 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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Mechanical
11.6.2 Numerically Controlled
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 Market Size Forecast by Applications
11.10.1 Machinery & Equipment
11.10.2 Automotive
11.10.3 Chemical & Material
11.10.4 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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Mechanical
12.6.2 Numerically Controlled
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 Market Size Forecast by Applications
12.10.1 Machinery & Equipment
12.10.2 Automotive
12.10.3 Chemical & Material
12.10.4 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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Mechanical
13.6.2 Numerically Controlled
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) Market Size Forecast by Applications
13.10.1 Machinery & Equipment
13.10.2 Automotive
13.10.3 Chemical & Material
13.10.4 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 Wire Straightening Machine Market: Competitive Dashboard
14.2 Global Wire Straightening Machine Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 MAE Group
14.3.2 Galdabini
14.3.3 Hines Industries
14.3.4 KBH Company
14.3.5 ISR
14.3.6 Pegasys Systems
14.3.7 Changchun Huikai Technology
14.3.8 SAMICK Precision Ind
14.3.9 Clifford Machines & Technology
14.3.10 Shuster-Mettler Corporation
