Slitting machines are used in diverse range of industries for slitting application, broadly for slitting paper, plastic film, and metal foils. Key industries which have been contributing revenues to the global slitting machines market are packaging, healthcare and pharmaceuticals, paper, plastic, automotive, and steel. Their application in converters has been key to shaping the force of commercialization for manufacturers of different types of slitting machines. Some of the key types are non-woven slitting rewinding machine and roll-to-roll slitting and rewinding. Manufacturers are focused on prolonging the service life of machines, and are incorporating corrosion-resistant materials to make them more durable.
Some of the key product types that significantly influence the value chain of the slitting machines market are automatic thermal paper slitting machines, automatic slitting rewinding machine, automatic roll to sheet cutting machine, and cash register paper roll slitting machines.
Slitting Machines Market: Key Trends
The rapid pace of industrialization has spurred the growth of the end-use industries of the slitting machines market. Past few decades have seen a substantive uptick in demand for slitting machines in the plastic and paper industries. The increasing trend of automation in packaging is expected to bolster the growth prospects for industry stakeholders in the slitting machines market. Rise in plastic manufacturing in various parts of the world has spurred the application of slitting machines. The trend of using automation of processes in industries engaged in printing, coating, and lamination of plastic, metal, and paper materials.
Strides in the metal cutting are key to the rise in investments in the slitting machines deployment. The trend has been fueled by rise in demand for metal cutting in packaging application, especially in food and beverages industry. Growing investments in the food industry are boosting the growth of the slitting machines market.
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Slitting Machines Market: Competitive Analysis and Key Developments
Manufacturers are keen on making product advancements that make machines more intuitive for users and low on maintenance. Several of them in recent years have in recent years incorporating advanced electronics. An example is the use of cutting-edge PLC in slitting machines. Prominent players are also eyeing steady and substantial revenue streams in food packaging industries and automotive industry.
Some of the key strategies that players have adopted to consolidate their positions and shares in the slitting machines market are mergers, acquisitions, and collaborations. Top players are increasingly making strategic moves by getting into partnerships with local players to target new geographies. The Middle East and Africa is a promising regional market.
Some of the key players eyeing sizable revenue shares by the end of the forecast period are Toray Engineering Co.,Ltd., Yo Den Enterprises Co., Ltd., ASHE Controls Limited, Euromac Srl Foundry plants & Core making equipment, TTR EUROWORKS BV, Universal Converting Equipment, HCI Converting Equipment Co., Ltd., and Dah Bah Machinery Industrial Inc.
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Slitting Machines Market: Regional Assessment
Some of the key emerging markets are Western Europe, Asia Pacific, and Latin America. North America has been markedly lucrative market for various national and international players over the past several years. Western European nations have seen surge in demand for slitting machines among packaging industry. Strides made in the packaging sector has spurred the sales prospect. Asia Pacific is expected to witness spate of investments in automating slitting process in the packaging sector. Emerging economies such as India and China have been at the forefront of the technologies. The regional market has also thrived on the back of the strides being made by the automotive sector in some of the key economies of the region.
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