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I AgreeAnalysis of Winding Machines market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
The global winding machines market has reached a valuation of US$ 3.5 billion in 2022 and is expected to progress at a noteworthy CAGR of 7.4% to increase to a size of US$ 7.14 billion by the end of 2032.
North America leads the global market with over one-fourth market share, closely followed by East Asia.
Report Attributes |
Details |
---|---|
Winding Machines Market Size (2021A) |
US$ 3.29 Billion |
Estimated Market Value (2022E) |
US$ 3.5 Billion |
Forecasted Market Value (2032F) |
US$ 7.14 Billion |
Global Market Growth Rate (2022-2032) |
~7.4% CAGR |
East Asia Market Share (2021) |
~23.1% |
North Americas Market Growth Rate (2022-2032) |
~7.2% CAGR |
China Market Growth Rate (2022-2032) |
~7.9% CAGR |
Market Share of Top 5 Companies |
~24.5% |
Key Companies Profiled |
|
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The need for winding machines is predicted to increase globally due to the vast range of end uses, including wire bonding, wire winding, and wire welding. The end-use industries include automotive, healthcare, agriculture, aerospace, electrical & electronics, and energy & power, among a few others.
Sales of winding machines are rising as a result of the expanding automotive, agricultural, textile, and electrical markets. One such prominent example is electric vehicles. Over the coming years, rapidly rising electric car demand will lead to an increase in the sales of the winding machines.
From 2017 to 2021, the global market for winding machines registered a CAGR of 1.1%. Fact.MR, a market research and competitive intelligence provider, reveals that the market will exhibit higher growth at 7.4% CAGR between 2022 and 2032.
Market share analysis of winding machines based on type and region. Under machine type, wire & coil winding machines dominate with 26.4% market share.
“Development of Winding Machines Reshaping Demand Curve”
Winding machines are designed in such a way that they provide high productivity, accuracy, consistency, reliability, and high precision handling. These factors that can be accurately adjusted with the aid of an appropriate winding machine.
Manufacturers are creating multi-speed machines in a variety of types and categories that can work in across industry verticals. The production efficiency of the manual winding process was low due to the variety of winding products and the skill of operators. The emergence of automatic winding machines has enabled the production automation of winding by reducing winding labor intensity and significantly boosting production efficiency.
“High-Speed 3D Winding Technology Rapidly Gaining Ground across Industries”
The market for winding machines is anticipated to expand as a result of the rising demand for wearable technology, 3D printing, material advancements, and textile advancements as well.
Key suppliers of winding machines are expected to witness significant growth in demand as a result of rising sales of these machines in the textile industry. Wearable textiles with electrical built-in sensors will present a huge possibility for innovation, and thereby, market expansion.
The integration of cutting-edge technology in winding machines will also complement market expansion. To improve their competitiveness, major market players are concentrating on creating more advanced technological solutions for end users in the winding machines market.
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“High Machine Cost & Regular Maintenance Can Hinder Market Progress”
High initial cost of the equipment is one of the main factors impeding the growth of the global market for winding machines.
In the near future, demand and expansion of the worldwide industrial winding machines market would be constrained by the high initial cost associated with winding machines. Regular maintenance of winding machines that require routine lubrication and cleaning puts the maintenance costs on the higher side.
Moreover, the transmission components of winding machines are prone to frequent wear and tear and might get stuck abnormally and operate unevenly without proper oil & lubrication, which could lead to machine failure, thereby affecting productivity.
Repeated maintenance and the high cost of these machines can hinder market growth to some extent.
Over the coming years, the U.S. market for transformer winding machines is anticipated to expand as the demand for electric vehicles rises. In electric automobiles, the car charger port is used to connect to an external power source so that the vehicle can be charged while the auxiliary battery powers the vehicle.
Transformers are needed to run the power supply efficiently when charging stations are connected to the grid. North America was the largest regional market for transformer winding machines in 2021.
Transformer coil winding machines are increasingly necessary due to the rising demand for transformer coils.
As a result, the market for transformer coil winding machines is expanding rapidly due to the rising demand for electric vehicles.
The United States winding machines market is currently estimated at US$ 788.9 million and is expected to reach US$ 1.52 billion by 2032.
Winding machines are projected to continue to offer sizable growth potential due to their portability, demand for energy from businesses, and renewable nature.
Since there is projected to be demand for new technologies that save energy and the growing reliance on sustainable energy, China is expected to generate major opportunities for new companies.
A significant market opportunity for winding machine suppliers is also presented by the growing demand for electric vehicles in China. Strong market growth is anticipated to be fueled by factors such as rising demand for electric vehicles, expansion of supporting infrastructures such as 5G and battery stations, and trends such as the internet of vehicles.
These factors will enable the growth of the Chinese winding machines market in the long run and generate an absolute dollar opportunity of US$ 648.3 million over the 2022-2032 study period.
A new technology in both the traditional manufacturing sector and the emerging machine manufacturing sector is automatic coil winding machines. This technology extends to a wide range of manufacturing industries, making it essential machinery for the electrical, textile, and paper manufacturing sectors, and the key to increasing an organization's productivity and competitiveness. Winding machines feature a high level of automation to guarantee minimal user involvement, reliable operation, and efficient output.
The way winding technology has evolved as automation technologies have advanced in several manufacturing fields is impressive. Automatic winding machines now come with a variety of functions that were previously not heard of. These automated features shorten processing times, ensure quality is upheld, and reduce the need for an operator.
Owing to the above facts, the automated winding machines market is predicted to expand 2.1X by the end of 2032.
Players in the winding machines market will experience significant growth as a result of the expanding textile industry. Wearable textiles with built-in electrical sensors will allow for high levels of innovation. The market for winding machines is anticipated to expand in the near future as a result of the rising demand for wearable technology, textile developments, and evolving 3D printing and material advancements.
The modern textile industry is extremely demanding, and winding machines must meet these demands by producing more products, improving package and yarn quality, making operation and maintenance simpler, creating a better working environment, and automating their processes even more.
As such, demand for winding machines from the textile industry is expected to grow at an impressive rate of 8.1% CAGR over the decade.
Prominent winding machine manufacturers are AIKI RIOTECH, Armature Coil Equipment, Bianco, Broomfield, CONSTRUMA, CORGHI TEXTILE, DEMAS MAKINE, Eternal Automation, FADIS, FORMERTRON Engineering (I) Pvt. Ltd, LAE LUGHESE ATTREZZATURE PER, LOIMEX, Marsilli, Rieter, RIUS, Schleich, Starlinger, TAINING MACHINE INDUSTRIAL CO., LTD, TALLERES RATERA S.A., Tuboly-Astronic AG, and Whitelegg Machines Ltd.
The high initial cost of winding machines will create a significant bottleneck in producing competitive machines. Key market players are working to launch advanced technology into the market. Also, there is an emerging need to develop automated processes to pave the way for higher volume production. Major manufacturers are expected to offer different categories and types of multi-speed machines to serve different functions across industries.
Growing technological development is a major market trend for winding machines. Companies producing winding machines are transitioning towards more advanced technology to address this problem.
Fact.MR has provided detailed information about the price points of key manufacturers of winding machines positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.
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The global winding machines market is valued at US$ 3.5 billion.
Global demand for winding machines is anticipated to reach US$ 7.14 billion by 2032.
From 2017 to 2021, sales of winding machines increased at 1.1% CAGR.
North America leads the global winding machine market with 26.8% share in 2022.
Wire & coil winding machines account for 26.4% share of the global market.