Precision Slotting Machine Market: Introduction
A slotting machine is a machine tool, which is used to slot materials made of wood and metal by reciprocating the tool in vertical axis. A precision slotting machine is a type of revolutionary machine used to perform many operations such as cutting grooves, machining slots of various shapes, forms or profiles, machining keyways, cutting external and internal gears, and machining cylindrical and irregular surfaces both internally and externally. Besides, a precision slotting machine is one of the most versatile machine tools which is capable of carrying out all the shearing operations on a single device. The different parts of a precision slotting machine are base, column, saddle and cross slide, rotating table, ram and tool head assembly, ram drive mechanism, and feed mechanism. A precision slotting machine is a lighter machine which is operated at high speeds and is designed for giving the accurate finish of materials.
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Precision Slotting Machine Market: Competitive Landscape
EASTAR MACHINE TOOLS CORP.
Established in 1967, Eastar Machine Tools Corp., is a specialized manufacturer of both CNC and traditional slotting machines. The company has factory area of 6000 square meters, which is located in the central part of Taiwan. The company deals in four main categories: slotting machines, education machines, metal working machinery, and Taiwan tool online shop.
Devraj Engineering Company
Established in 1971, Devraj Engineering Company is one of the leading suppliers and manufacturers of a comprehensive variety of industrial machines or equipment. The company’s manufacturing unit is located in Ahmedabad, India. The company offers international quality products across the globe. Furthermore, it provides various products such as slotting machines, hydraulic shearing machines, plate bending machines, boring machines, roller bending machines, radial drill machines, and Plano miller machines.
Some of the key players operating in the global precision slotting machine market include Daljit Machines Tools Pvt. Ltd, Pathak Industries, CAMS Srl, JPP MACHINE AND TOOLS CO., LTD, Devraj Engineering Company, and Sierra Machine Tools., EASTAR MACHINE TOOLS CORP., and Om International Machine Tools.
Precision Slotting Machine Market: Dynamics
Rise in demand for precision slotting machines across the globe due to increase in number of manufacturing industries
Precision slotting machines can be used to improve workflow and for designing, cutting, and contouring hard materials made of wood or metal. Hence, they can be helpful to ease the complications in manufacturing industries. Currently, a rise in number of manufacturing industries is seen across the globe which is likely to expand the precision slotting machines market in the forecast period is one of the major factor driving the precision Slotting machines market. In addition, most of the manufacturing industries require hard or stiff materials for fabricating the metal and wood products so as to increase automation of manufacturing processes in small and medium-size industries across the globe. Moreover, the rising demand for precision slotting machines in different industries such as automotive, aerospace, and construction is expected to boost the precision slotting machine market in the next few years.
The precision slotting machine market can be segmented on the basis of:
- Application
- Type
- Stroke Length
- Region
Precision Slotting Machine Market Segmentation – By Application
Based on application, the precision slotting machine market can be classified into:
- Automobiles
- Die & Mold Manufacturers
- Aerospace
- Medical Equipment
- Textile Machinery
- Diamond & Jewelry Industries
- Power Plants
- Allied Machinery
Precision Slotting Machine Market Segmentation – By Type
In terms of type, the precision slotting machine market can be divided into:
- Hydraulic
- Electric
Precision Slotting Machine Market Segmentation – By Stroke Length
Based on stroke length, the precision slotting machine market can be segregated into:
- 6″ Stroke Length
- 12″ Stroke Length
- Others
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