The increasing prominence of titanium fasteners in the aerospace industry and growing construction industry worldwide are the factors driving the screw machine market. Screw machines are dedicated automated metalworking lathes which are developed to produce large numbers of identical parts such as screws. However, the requirement of skilled personnel to handle the machine and highly competitive market are the factors restraining market growth.This growth is primarily driven by Increasing Prominence of Titanium Fasteners in Aerospace Industry and Growing Construction Industry Worldwide.
Globally, a noticeable market trend is evident The upsurge in Use of High-Strength Fasteners in Wind Towers. Major Manufacturers, such as Cox Manufacturing (United States), Tornos (Switzerland), Index Traub (Germany), Davenport Machine (United States), Fanuc (Japan), Okuma Corporation (Japan), Valley Machining Company (United States), Wickman USA (United States), Fastenal (United States) and KAMAX (Germany) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
- Increasing Prominence of Titanium Fasteners in Aerospace Industry
- Growing Construction Industry Worldwide
- The upsurge in Use of High-Strength Fasteners in Wind Towers
- High Cost of Screw Machine
Increase in Demand of Screw Machine from Developing Region
Highly Competitive Market
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