Mechanical Puller Market Forecast and CAGR
According to the latest research study by Fact.MR, the global mechanical puller market is anticipated to observe an impressive CAGR of close to 6% during the forecast period. The demand is likely to spurt in the next couple of years since it reduces the operational time and manpower in various end-use industries.
Although muted demand from the automobile industry is supposed to limit the number of opportunities post-pandemic effect. However, sales of the mechanical pullers in the automotive sector will provide an optimistic growth rate in terms of value and volume during the assessment period.
What is Driving Demand for Mechanical puller?
The utilization of mechanical pullers in the maintenance sector for separating the wheels has witnessed noteworthy demand in the past few years and is likely to follow the same trend in upcoming years.
The variety of applications such as bearing removal, screw removal, and removal of pulleys and gear from the shaft account for significant sale. The mechanical puller has been able to achieve substantial penetration in the developed nations
The utilization of a mechanical puller ensures no scratch and fatigue of the base material during operation, due to this fact it has been consumed in the maintenance sector and is likely to trade on the same trajectory.
The rising per capita income and improving lifestyle around the world are considered for convenient demand of the automotive vehicles. It will lead to providing a spurt in demand for mechanical pullers indirectly because of maintenance activities. Growing end-user demand for lightweight and high-performance mechanical pullers continues to create abundant aspects for manufacturers.
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Automobile Sector Recovery is Likely to Augment Mechanical Puller Sales
The automobile sector accounts for the majority of the demand for mechanical pullers globally. The automotive sector across the globe has been abruptly impacted due to the COVID-19 pandemic in Q3 & Q4 of 2020. This had a ripple effect on mechanical pullers and associated materials demand during the same period. Moreover, the market trend is predicted to show a promising stance for investors by early 2022.
Mechanical pullers are also used extensively in the maintenance and construction industries. Although lockdown and shelter-at-home guidelines have restricted the transportation and infrastructure development activities around the world. With the recovery of the automobile market, the sale is likely to improve gradually from the maintenance sector in near future.
Asia Pacific Mechanical Puller Market Outlook
Globally, Asia Pacific holds the noteworthy market share of the mechanical pullers market, due to the presence of a large number of players in the automotive industry and maintenance sector in countries like China and India. The market is set to tread on the historic pattern during the assessment period 2021-2031. Asian countries such as India, China, and Japan are predicted to create numerous opportunities for manufactures in the upcoming years, due to the high demand for mechanical pullers from end-use industries.
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US Demand Outlook for Mechanical Puller
The US is set to hold the highest market share during the forecast period. The demand is predicted to surge during the assessment period due to the rising trend for advanced tools. The utilization of mechanical pullers ensures the reduction of operational time and no stretch to the base material. These are the key factors that attract consumers towards consumption.
US construction sector also accounts for significant sales. The demand from the construction sector is likely to remain muted in the next couple of years, as the construction sector is highly been impacted by the COVID-19 protocols.
Who are the Key Manufacturers of Mechanical Puller?
Some of the leading manufacturers of mechanical puller include
- Holmatro Industrial Equipment BV
- SAM OUTILLAGE
- GRIPHOLD ENGINEERING
- GEDORE Tool Center KG
- SPX Hydraulic Technologies
Leading manufacturers across the globe are highly focused on improving the versatility of the product so that it could be useful for more than one application and for other industries as well. Moreover, high R&D investment is likely to improve the function and develop adjustable reach and spread of mechanical pullers.
The rising interest in automatic and pneumatic gadgets is attributed to providing a promising stance to manufacturers to develop a variety of product portfolios for satisfying the consumers' demand globally.
An Adaptive Approach to Modern-day Research Needs
Mechanical Puller Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
By Product Type
- Basic Pullers
- Internal pullers
- Lock grip pullers
By Number of Arms
- Two Arm Mechanical Puller
- Three Arm Mechanical Puller
By Maximum Reach
By Maximum Spread
By End Use
- Automobile industry
- Equipment manufacturing Industry
By Distribution Channel
- Specialty Stores
- Multi-brand Stores
- Retail Sales
- Distributor Sales
- E-commerce Websites
- Company-owned Websites
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Argentina & Rest of Latin America
- Germany, France, Italy, Spain, U.K., Benelux, Russia, and Rest of Europe
- East Asia
- China, Japan, South Korea
- South Asia
- India, Thailand, Malaysia, Indonesia and Rest of South Asia
- Australia and New Zealand
- Middle East and Africa
- GCC Countries, Turkey, South Africa, and Rest of Middle East & Africa
- North America
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company
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