What is Wire Crimping Machine Market?
Nowadays need for batch processing due to on-time delivery of electrical and electronic equipment is necessary. In addition to this, converting these machines from one application to another application must be a simplified process. Wire crimping machines enable users to qualify all the properties mentioned above, which has ultimately increased the demand for crimping applications. For wire crimping, the terminal is inserted into the wire crimping machine initially followed by the wire insertion into the same terminal. At last, the handles of the wire crimping machines are used to compress and reshape the terminal until it is fixed into the wire.
The market study is being classified by Type (Fully Automatic Wire Crimping Machine and Semi-automatic Wire Crimping Machine), by Application (Automobile and Manufacturing) and major geographies with country level break-up.
Shanghai Kingsing Auto.Co. Ltd. (Japan), Schleuniger (Switzerland), Komax Holding (Switzerland), TE Connectivity Ltd (Switzerland), Parovi Machine (India), Japan Automatic Machine Co. Ltd (Japan), Finn Power India (India), Mechtrix Corporation (United States), Changzhou Hechang Machinery Co. Ltd. (China) and Phoenix Contact (United States) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are P. Druseidt Elektrotechnische Spezialfabrik GmbH & Co. KG (Germany).
The Manufacturers having a strong hold in the market are Shanghai Kingsing Auto, Schleuniger, Komax Holding, and TE Connectivity. Research Analyst at AMA predicts that Asian Manufacturers will contribute to the maximum growth of Global Wire Crimping Machine market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Wire Crimping Machine market by Type, Application and Region.
On the basis of geography, the market of Wire Crimping Machine has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing Demand for Wire Crimping Machines from Automobile Industry
- Enables Easier, Cheaper, or Faster to Reproduce Reliably in Large-Scale Production
Market Trend
- Introduction to Automated Wire Crimping Tools in Large Scale Production Lines
- Upsurging Demand for Crimping Machines to Mininize Operational Time
Restraints
- Several Wire Crimps/Crimped Contacts cannot be Uncrimped and Reinstalled
- Availability of Numerous Wire Connection Techniques such as Shouldering
Opportunities
- Growing Demand for Wire Crimping in CCTV, Surveillance System and many Other Connections
Challenges
- Rising Adoption of Wireless Networks, Sensors and Equipment might Stagnate the Demand
- Increasing Distribution Overheads Across the Globe
On December 12th, 2018, Schleuniger Global has increased the production of CoaxStrip 6480 stripping machine by an average of 15 percent. The company has also reduced respective operating costs and improved flexibility and quality. It posses the ability to process coaxial cables with outer diameters of 1.2 to 12 millimeters made it a perfect all-rounder for almost any production need.
Key Target Audience
Wire Crimping Machine Manufacturers, Wire Crimping Machine Distributors and Traders, Electrical & Electronics Industry Associations, Research and Development Agencies, Manufacturing Industry Associations, Automobile Industry, Upstream and Downstream Buyers, Research and Development Institutes and Others