About Swiss Turn
Swiss Turn has high growth prospects due to demand from various end-user industries such as grooving, threading, ID Boring, back turing and others. Swiss turn is a type of lathe that used for holding mechanisms and collect recessed behind the guide bushing. Additionally, rising demand for a swiss turn is due to the high-pressure supply of coolant that will propel the market growth. The major companies are adding more innovative techniques in Asia-Pacific countries as these countries are focused on the fastest-growing verticals for the machinery products.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
CAGR | 3.94% |
Market players are focusing on providing Cast Resin Current Transformers with higher quality along with complying all regulatory standards to fascinate more end users. They are also focusing on the introduction of numerous advanced & attractive features to further offer qualified Cast Resin Current Transformers. The market is fragmented owing to the presence of several international and local providers. The high focus on the offering cost effective product offerings. Besides, the numerous industry profitability has led the entry of new players, in turn, increasing the level of rivalry in the already competitive market. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Doosan Machine Tools (India), Tsugami (Japan), Tornos (Switzerland), KSI Swiss (United States), Star Micronics (Japan), Manurhin K'MX (France), SWISTEK (United States), JINN FA MACHINE (Taiwan) and Chiah Chyun Machinery (Taiwan) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Swiss Turn market by Type (10mm Swiss Turn, 13mm Swiss Turn, 16mm Swiss Turn, 20mm Swiss Turn, 26mm Swiss Turn, 32mm Swiss Turn, 35mm Swiss Turn and Others), Application (Medical devices, Electronics applications, Watch components, Military weapon and Other applications) and Region.
On the basis of geography, the market of Swiss Turn 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). North America region held largest market share in the year 2021.
Influencing Trend:
Rising demand from Asia-Pacific Regions
Market Growth Drivers:
Increasing Demand from Manufacturing Industries and Preference of Swiss Turn Lathe over Traditional Type Lathe
Challenges:
Lack of Skilled Professional for Installations and Adverse Impact due to Lack of Investments
Restraints:
High Cost Associated with Swiss Turn Type
Opportunities:
Rapid Technological Advancements Such as Programmed CNC Software and Precise Machine and Growing Demand from Pumping, Drilling and Milling Activities
Market Leaders and their expansionary development strategies
In August 2021, Swiss Re and Climeworks, a leading specialist in carbon dioxide air capture technology, are partnering to combat climate change. The partners signed the world’s first long-term purchase agreement for direct air capture and storage of carbon dioxide, worth USD 10 million over ten years. For Swiss Re, the collaboration marks a milestone towards its goal of reaching net-zero emissions in its own operations. The partnership is also a sign of Swiss Re’s support for the carbon removal industry and gives the Group early access to the new carbon removal risk pools and asset classes.
In September 2023, Star Micronics developed the SP-20/23, a CNC Swiss-Type Automatic Lathe capable of supporting parts machining in various industries such as automobiles, hydraulic/pneumatic equipment, and general machinery. The SP-20/23 employs a gate-shaped tool post configured to surround the guide bush as the tool post for front-side machining.
Key Target Audience
Swiss Turn Manufacturers, Swiss Turn Suppliers, End-Use Market Participants of Different Segments of Swiss Turn, Government and Research Organizations, R&D Institutions and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.