Global Collet Chuck Market Overview:
A collet chuck is used in the metal, wood, glass working, and other applications, it uses the clamping pressure forming a collar around the product so as to secure it at its place. The collet chuck is available in various designs and all of these operate through pressing over the objects. It is also not suitable for every tool although it allows the central alignment and prevents it from loosening.
- Growing Industrial Activities
- Increasing Demand for Chuck in Metalworking
- Need for High-Speed Cutting Tools in Industries
- Increasing Consumption of Collet Chuck in Glassowokring
- Use of Collet Chuck in Milling Tools
- Corrosion Related Problems in Collet Chuck in Extreme Weather Conditions
- Surging Demand for Collet Chuck in Marble Cutting Application from Developing Nations
- Technological Advancements in the Collet Chuck
- Handling and Maintenance Related issues with Collet Chuck
Some of the key players profiled in the report are SWS Spannwerkzeuge GmbH (Germany), MACK Werkzeuge AG (Germany), Rohm GmbH Sontheim (Germany), DT Technologies (France), FAHRION (Germany), HAIMER (Germany), Riten Industries (United States), TM Smith Tool (United States), FORKARDT Inc. (United States), Kitagawa NorthTech, Inc. (United States) and Ann Way Machine Tools Co., Ltd. (China). Considering Market by Jaw, the sub-segment i.e. Multi Jaw Collet Chuck will boost the Collet Chuck market. Considering Market by End Use Industry, the sub-segment i.e. Metal Industry will boost the Collet Chuck market. Considering Market by Sales Channel, the sub-segment i.e. Offline will boost the Collet Chuck market. Considering Market by Product, the sub-segment i.e. ER8A will boost the Collet Chuck market.
Latest Market Insights:
28th October 2019, Kitagawa NorthTech, Inc., global Workholding leader, and manufacturer of Custom Engineered Chucks and Workholding, Heavy Duty Oil & Gas Chucks, Large VTL Chucks, and Face Plates, Steady Rests, introduced their new DKF Series of Low Profile, Collet Chucks. The DKF Low Profile Collet Chuck features a compact nose which is required when additional tool clearance is needed in tight workpiece and machining environments.
5th November 2019, Forkardt Inc., announced the acquisition of the intellectual property (IP) Soft-Touch technology assets from General Manufacturing Systems, a supplier of custom work holding products in Saginaw, Michigan. With Soft-Touch, Forkardt strengthens its advanced custom and highly specialized work holding capabilities and IP portfolio for challenging applications in the automotive and aerospace markets such as the manufacturing of aluminum die-cast materials and thin-walled components where part deformation is a concern.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be provided prior to purchase
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Collet Chuck 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 Collet Chuck 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 Collet Chuck Manufacturers, Collet Chuck International Traders, Collet Chuck Distributors and SUppliers, Research and Development Institutes, Potential Investors, Regulatory Bodies 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.