About Lathe Machine Chucks
Lathe chucks are utilized to accurately clamp a workpiece on a lathe for turning operations and it is also being used on an indexing fixture for milling operations. There are different types of chucks are available in the market including manual operation, and automatic operation. Manual lathe chucks manually open or close jaws with a screw or pinion. and automatic lathe chucks use hydraulics, pneumatic, or electricity to close the jaws. Power-based chucks are having high gripping accuracy and specially designed for mass production. The development in mining techniques is driving huge demand in this industry.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The global lathe machine chucks market is moderately competitive and covers some major players. In terms of market share, some of the key players are highly dominating the global market. These market players are heavily focusing on strategic collaborative initiatives to enhance their market share and improve their profitability. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Lathe Machine Chucks market throughout the forecasted period. 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.
ROHM (Japan), SMW Autoblok (United States), Gamor (Spain), ABM TOOLS (India), TOOLMEX (United States), Guindy Machine Tools (India), Royal Products (United States), Grizzly Industrial, Inc. (United States), Jacobs Engineering Group (United States) and LittleMachineShop.com (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Samchully Workholding (United States), ONLINEDEALZ (United States) and Small Tools Incorporated (United States).
Segmentation Overview
AMA Research has segmented the market of Global Lathe Machine Chucks market by and Region.
On the basis of geography, the market of Lathe Machine Chucks 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). If we see Market by Capacity, the sub-segment i.e. Small Duty Lathe Machine Chucks will boost the Lathe Machine Chucks market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Verticals, the sub-segment i.e. Automotive will boost the Lathe Machine Chucks market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Operation, the sub-segment i.e. Manual Chucks (Independent Jaws) will boost the Lathe Machine Chucks market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Machine, the sub-segment i.e. Mechanical Lathes will boost the Lathe Machine Chucks market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rapid Advancement in Technology Enhancement, Low Direct Labor Costs and Increase Investment in Research and Development
Market Growth Drivers:
Advancement in the global automotive industry due to the increase in the requirement for new, fuel-efficient automobiles with improved safety features is one of the major factors behind the demand for lathe machine chucks.
Challenges:
The Slowdown in Economy Because of Coronavirus Pandemic
Restraints:
Fluctuation in the Prices of Raw Materials
Opportunities:
Advancement in the Production and Manufacturing Across Various End-Use Components
Market Leaders and their expansionary development strategies
In October, 2021 Hardinge Inc. recently completed the acquisition of world leading German manufacturer Weisser. The St. Georgen, Germany based company, with its brands and business entities, officially joined Hardinge on October 8, 2021. Hardinge previously announced an agreement on July 20, 2021, to acquire Weisser.
In August 2022,Duro-M is our new series of lathe chucks for the clamping of turned parts on turning and milling machines, rotary tables and dividing attachments with conventional clamps. We have the right Duro-M solution for every application, so that all metal workers can truly benefit from the many advantages of our new geometry”, says Jörg Bauriedl, Product Manager for the Manual Lathe Chuck division at Röhm.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Lathe Machine Chucks Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
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.