Global Coil Handling Equipment Market Overview:
Coil refers to a conductor wire which is in a cylindrical form. It is generally wrapped around an iron core to create a magnet or inductor. A coil handling equipment generally stores, uncoils, straightens, and feeds materials of a variety of sizes and weights into the tooling to press the production line. There are various types of Coil Handling Equipment like coil reels- used in uncoiling and recoiling applications, coil cradles – used for easy and fast loading of coils, coil stackers – used to move the material from the production line to orderly pack. The specific type of coil handling equipment caters to a specific type of industry.
Growth Drivers
- Need of Coil Handling Equipment in Metal Working Solutions
- Need of Coil Handling Equipment in General Manufacturing
Market Trends
- Introduction Of 3 In One System in Coil Handling Equipment Market
Roadblocks
- Long Life Associated with Coil Handling Equipment Means Lack of Repeated Demand
Opportunities
- The demand for Coil Handling Equipment Will Grow as It Has Wide Industrial Applications in Manufacturing
- Developments in Increasing Efficiency of Coil Handling Equipment Will Boost Its Demand
Challenges
- Need of Different Coil Handling Equipment Depending on Industry
- Slow Growth of Automotive Sector Manufacturing Affecting the Demand of Coil Handling Equipment
Competitive Landscape:
The majority of the companies in this market are private limited companies with middle-sized market capitalization. Although the market is segmented, some manufacturers are leading the market in innovation. The location of the company is important in this market due to supply chain management. Focusing on providing one particular industry for the Coil Handling Equipment market could be a good way for new entrants.
Some of the key players profiled in the report are Toptran Machinery Co., Ltd (Taiwan), Stamtec, Inc (United States), Pa Industries (United States), Rapid-Air Corporation (United States), Dallas Industries (United States), Coe Press Equipment (United States), Mecon Industries (Canada), CAMU (Australia), CHS Automation (United States), Amada Orii (Japan) and Konecranes (United States). Considering Market by Sales Channel, the sub-segment i.e. Direct will boost the Coil Handling Equipment market. Considering Market by System, the sub-segment i.e. 3 In One Systems will boost the Coil Handling Equipment market.
Latest Market Insights:
On 4th Jan 2017, Konecranes announced the acquisition of Terex Material Handling & Port Solutions (MHPS). Konecranes and MHPS, known for their state-of-the-art equipment, systems, and services, are now building a new technology-focused company. According to the company, they will be offering complimentary products.
What Can be Explored with the Coil Handling Equipment Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Coil Handling Equipment Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Coil Handling Equipment
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Coil Handling Equipment market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Coil Handling Equipment market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Coil Handling Equipment Watch Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations, End-Use Industries and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.