About Fine Blanking Tools
Fine Blanking is a process that involves machine movement, tooling, and metal plastic deformation. Fine Blanking is known for its geometrical precision and near tolerance to metal cutting; chip flow such as milling, grinding, shaping, broaching, and other operations; and metal stamping efficiency. Precision components are manufactured with fine blanking tools. Sliding punch and fixed punch are the two types of fine blanking tools. Sliding punch tools are typically used for smaller, less complicated parts, whereas fixed punch tools are typically used for bigger, more complex parts. With the rise of automotive, aerospace, construction, oil, and gas industries; the demand for Fine Blanking Tools is also increasing.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Firms in this market are clustered around the countries which have large metalworks industries like automotive, appliances, and similar. A good reputation along with mechanical engineering expertise is necessary to operate in this market. As new electrical vehicle manufacturing increases; the demand for Fine Blanking Tools is also expected to increase. 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.
Feintool International Holding AG (Switzerland), TIDC INDIA (India), IFB Industries Limited (India), Kenmode Precision Metal Stamping (United States), Petford Group (United Kingdom), Menear Engineering (United States), Ferrari & Carena s.r.l. (Italy), ART Group (Germany), Petford Group (United Kingdom) and Elkington Brothers Ltd (United Kingdom) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Fine Blanking Tools market by and Region.
On the basis of geography, the market of Fine Blanking Tools 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 Nature, the sub-segment i.e. Fixed Punch Fine Blanking Tools will boost the Fine Blanking Tools 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 Fine Blanking Tools market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. Direct will boost the Fine Blanking Tools market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Features, the sub-segment i.e. V-Ring will boost the Fine Blanking Tools market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Research in Fine Blanking Tools
Market Growth Drivers:
The demand for Fine Blanking Tools for The Manufacture of Complex Gear Sets and Need of Fine Blanking Tools in The Manufacture of Appliances
Challenges:
Fine Blanking Tools Cost More Than Alternatives
Restraints:
Fine Blanking Has Geometric Limitations
Opportunities:
Rise of Automotive Industry Will Increase the Demand of Fine Blanking Tools and Growing Demand of Fine Blanking Tools from Developing Economies
On 29th Oct 2020, Kenmode Precision Metal Stamping has added new technological capabilities to manufacture custom busbars that transmit power in all forms of electric vehicles, including hybrid, all-electric, and autonomous vehicles (self-driving) Kenmode recently added a 300-ton metal stamping press to meet the demand for new busbar designs, including larger parts, according to their press release.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Fine Blanking Tools Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations, End-Use Industries 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.