Tools and Components

Format: 2017-02-21
Format: 2017-02-21
February 16, 2017 | 73 Pages | SKU: IRTNTR12000

Overview of the global shearing machine market

Technavio’s market research analyst predicts the global shearing machine market to grow steadily at a CAGR of around 3% by 2021. One of the primary drivers for this market is the rise in the demand for fabricated metal products. Metal shearing is an important metal fabrication technique used to cut or bend metal sheets. The rising global demand for fabricated metals from the construction and transportation machinery industries is fuelling the growth of the global fabricated metal products market. Also, the increasing demand for fabricated metals in the automotive industry, transport machinery, stamped metal products, ammunition, small arms, cutlery and utensils, fasteners, building products, building machinery, and other metal-based hardware products will further augment the growth of the global shearing machine market during the forecast period.

One of the latest trends gaining traction in this market is the replacement of hydraulic applications with fully electrical systems. With the advent of electromechanical drive systems, hydraulic cylinders are being increasingly replaced by electric drives in press brakes. The productivity of an electric drive press brake is double than that of a conventional hydraulic press brake. Moreover, higher energy efficiency and low maintenance cost will further propel the adoption of these systems in the coming years.

Competitive landscape and key vendors

The global shearing machine market is highly fragmented due to the presence of several international and regional vendors. The international vendors have a wide geographical presence with a large number of manufacturing facilities across the


February 15, 2017 | 72 Pages | SKU: IRTNTR11985

Overview of the global electric fuse market

Technavio’s market research analyst predicts the global electric fuse market to grow steadily at a CAGR of above 4% by 2021. One of the key factors responsible for the growth of this segment is the rising level of electricity consumption worldwide. Electric fuses are widely used in the power industry to generate, transmit, and distribute power. High voltage fuses are used in the protection of power conversion, while medium and low voltage fuses are used in the distribution of power. Recently, the adoption of electric fuse in the transport sector has witnessed a tremendous growth in both developed and developing nations. In the developed nations, there is a constant urge to make technological innovations, which helps in the expansion of the sector. Governments worldwide are encouraging the adoption of electric cars to curb carbon emissions and meet climate change targets. This has led to the establishment of charging stations that also increases the demand for electricity. These factors coupled with rapid urbanization will fuel the growth of the global electric fuse market in the coming years.

One of the latest trends gaining traction in this market is the growth in the adoption of automotive electronics. Electronic components used in vehicles necessitate the use of electric fuses for the safety of electronic components. The growing demand for advanced in-car systems such as premium audio systems, advanced driver assistance systems, on-board diagnostic systems, infotainment systems, and electronic transmission has been the major factor for the rise in sales of electric fuses in the 


February 13, 2017 | 69 Pages | SKU: IRTNTR11950

Overview of the global hand tools market

Market research analysts at Technavio predict that the global hand tools market will grow steadily during the next four years and post a CAGR of almost 4% by 2021. This market research analysis identifies the increase in automotive repair and maintenance as one of the primary growth factors for this market. Comprising of both the manufacturing and service units, the automotive industry is constantly prone to technological innovations, which induces automotive manufacturers to offer vehicles with upgraded and advanced features. The incorporation of advanced features will subsequently increase complexities in vehicles, which will in turn, demand the need for trained personnel for repair and regular maintenance. This growth of the automotive aftermarket will propel the need for automotive tools and mechanic tools, driving market growth.

With the increased popularity of online shopping, manufacturers have started changing their retail strategies and are adopting omni-retail channels. They have entered the e-commerce market and are offering various products based on customer requirements. This will offer them the convenience to increase their customer base in different geographies without a physical presence in the country and will significantly increase the sale of hand tools in the next few years.

Competitive landscape and key vendors

The market is characterized by the presence of several hand tools manufacturers and is fragmented. With all players competing to gain maximum revenue shares, the market’s competitive environment is intense. The well-established international players who have


February 09, 2017 | 58 Pages | SKU: IRTNTR11915

Overview of the global night vision scope market

The global night vision scope market is anticipated to grow at a steady rate and will post a CAGR of close to 11% during the forecast period. The increasing amount of investments in the military sector will drive the growth prospects for the global night vision scope market until the end of 2021.  Countries such as the US, Russia, and Canada have started to deploy night vision devices in weapons since the Second World War, which resulted in the increase in the budget for military expenses. Some of the countries that exhibit higher military expenses are US, China, Saudi Arabia, Russia, UK, India, France, Japan, Germany, and South Korea. Moreover, night vision scopes are increasingly used in military equipment such as guns. Furthermore, the adoption of night vision scopes is likely to increase further due to its growing demand to equip soldiers with advanced equipment, weapons, and body armor in the US.

The use of graphene for night vision devices will drive the growth prospects for the global night vision scope market for the next four years. The increasing number of research and developmental activities have helped researchers to come up with thin and powerful night vision lenses that are created by graphene. This new technology has enabled researchers to eliminate the use of the cryogenic cooling system and lower


February 07, 2017 | 73 Pages | SKU: IRTNTR11861

Overview of the global pneumatic seal market

The global pneumatic seal market is anticipated to grow at a steady rate and will post a CAGR of more than 5% during the forecast period. The increasing application of pneumatics in food processing industry will drive the growth prospects for the global pneumatic seal market until the end of 2021. In the food processing industry, food processing applications such as those involving conveyor belts, valve control, and pick and place systems are integrated with pneumatic equipment such as cylinders. Some of the major factors responsible for the growing demand for pneumatic equipment in the food processing industry is its ability to function faster and the ability to create high-speed stroke and power. Also, it has been observed that a large number of food processing industries prefer pneumatic equipment over other devices such as hydraulic equipment and mechanical equipment as the pneumatic equipment is considered to be cleaner. For instance, the US Food and Drug Administration rules encourage the use of pneumatic equipment in this industry as a part of the Food Safety Modernization Act. Furthermore, such initiatives compel the suppliers and packagers to conduct proper equipment cleaning with the latest cleaning chemicals to follow the decontamination and hygiene stringent regulations.

The recent increase in the number of commercial aircraft will drive the growth prospects for the global pneumatic seal market for the next four years.


February 03, 2017 | 64 Pages | SKU: IRTNTR11837

Overview of the global pressure regulator market for upstream applications

Market research analysts at Technavio predict that the global pressure regulator market for upstream applications will grow steadily during the next four years and post a revenue of more than USD 417 million by 2021. This market research analysis identifies the rise in number of multinational joint development agreements as one of the primary growth factors for the pressure regulating valves market. With varying degrees of geographical proximities between crude oil reserve base and downstream consumer markets, there is a constant demand for pipeline transportation to facilitate the monetization of resources. With increased investments towards the identification and development of new oil fields, the demand for multinational crude oil pipelines will further increase in the coming years. This will result in a significant increase in collaboration between global economic powers resulting in a number of joint-development pacts for the planning and implementation of oil and gas pipelines, in turn, fueling the demand for pressure regulator valves.

One of the major factors that will gain traction in the pressure regulator market is the adoption of heated pipeline technology. The transportation of heavy crude through pipelines is one of the major challenges faced by crude oil pipeline operators. This will result in the rise in adoption of heated pipeline technology that will help pipeline operators overcome challenges in the shift of upstream oil and gas sector into hostile environments, low surrounding temperature, and heavier products.

Competitive landscape and key vendors

Characterized by the presence of several well-diversified international,


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