What is Cable Stripping Machine Market?
Cable striping machines are used to separate core from coaxial cable for recycling use. They are designed to process fine wires up to high voltage. It has applications in various industries such as automotive, consumer electronics, equipment control and communication. The stripping allows the wire to be spliced which is a very important process. The cable stripping machines used are of two types that are automatic and manual. Moreover, there are different methods of cable stripping such as cutting, abrasive, thermal, mechanical, and laser.
The market study is being classified by Type (Automatic and Manual), by Application (Consumer electronics, Automotive, Equipment control and Communication industry) and major geographies with country level break-up.
Schleuniger (Switzerland), Komax (Switzerland), Eraser (United States), Kodera (Japan), MK Electronics Ltd (Japan), Artos Engineering (United States), Carpenter Manufacturing Company, Inc. (United States), Machine Makers R.S. (India), Metzner Maschinenbau GmbH (Germany) and Maple Legend Inc. (Canada) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Kingsing Machinery Co., Limited (China), Shiv Power Corporation (India) and Texpert (India).
The global Cable stripping machine market is witnessing rise in competitiveness among the players. In terms of market share, the major players are currently dominating. However, some of the companies are increasing the market presence by securing new contracts and tapping new markets. Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Cable Stripping Machine market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Cable Stripping Machine market by Type, Application and Region.
On the basis of geography, the market of Cable Stripping 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 Usage in Automotive and Consumer Electronics Industry
- Wide Range Of Applications Such as Automotive and Consumer Electronics
Market Trend
- Development of Urban Cities is Fueling the Market
Restraints
- High Costs Associated with the Cable Stripping Machine
- Lock down imposed by governments across the world due to corona virus is hampering the production of cable stripping machines
Opportunities
- Development of Urban Cities is Fueling the Market
- Rapid Growth in Telecom Industry Due to Changing Needs of People
Challenges
- Presence of Major Players is increasing the Competition
Key Target Audience
Manufacturers, Raw material suppliers, Government associations, Research organizations and Others