According to the latest report, titled “Paper Slitting Machine Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast’ the India facility management market is expected to exhibit a Huge CAGR during the Forecast Period. The global paper slitting machine market size stood at USD 417.4 million in 2019 and is projected to reach USD 548.6 million by 2027, exhibiting a CAGR of 3.5% during the forecast period.
This COVID-19 analysis of the report includes COVID-19 IMPACT on the production and, demand, supply chain. This report provides a detailed historical analysis of the global Paper Slitting Machine Market by region/country and subsectors. The report covers the revenue, sales volume, price, historical growth, and future perspectives in the Paper Slitting Machine Market.
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A few top players in the industry are–
- Parkland Machines Ltd (England)
- ASHE Converting Equipment (England)
- SOMA (Czech Republic)
- ATLAS CONVERTING EQUIPMENT LT (United Kingdom)
- GOEBEL Schneid und Wickelsysteme GmbH (Germany)
- Kampf Schneid- und Wickeltechnik GmbH & Co. KG (Germany)
- Euromac S.r.l. (Italy)
- Parkinson Technologies, Inc (United States)
- Pasquato cutting machines (ITALY)
- Universal Converting Equipment (United Kingdom)
The report gives a precise view of the future perspective and present market demands. The report also includes facts and statistics, tables & figures referred to in this report for strategic planning which leads to the success of the organizations. In this market report, the market share that various manufacturers hold in the global Paper Slitting Machine Market and the market concentration is described in the report.
On the basis of Geography, the Global Paper Slitting Machine Market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World (RoW). North America is expected to hold a considerable share in the global Paper Slitting Machine Market. Due to increasing investment for research and development process and adoption of solutions in the region whereas Asia-Pacific is expected to grow at a faster pace during the forecasted period.
The growing number of Paper Slitting Machine Market players across regions is expected to drive market growth further. Moreover, increasing investments by prominent vendors in product capabilities and business expansion is expected to fuel the market during the study period. Many market players are finding lucrative opportunities in emerging economies like China and India, where the large populations are coupled with new innovations in numerous industries.
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Rising Digitization of Production Process to Drive Growth
Several prominent paper slitting machines manufacturers are gradually inclining towards automated solutions to achieve high efficiency and increase productivity. They are conductive extensive research and development activities to refine the entire production process of paper slitting machines. This would help them in reducing the waste generated by these machines, as well as in boosting the output. Therefore, it would lower the expenditure of such manufacturers. Also, the productivity of several manufacturers has surged owing to the digitization of their production process. However, the emergence of the covid-19 pandemic is likely to hamper the paper slitting machine market growth as the governments of many countries have decreased the trade of non-essential products globally.
An overview of the Paper Slitting Machine Market’s regional outlook:
The market is divided into five regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa (MEA). North America is further subdivided into countries such as the United States and Canada. The Europe region is further divided into the United Kingdom, France, Germany, Italy, Spain, Russia, and the Rest of Europe. China, Japan, South Korea, India, Australia, South East Asia, and the rest of Asia Pacific are subdivided into Asia Pacific. The Latin America region is separated into Brazil, Mexico, and the rest of Latin America, whereas the MEA region is divided into GCC, Turkey, South Africa, and the rest of MEA.
Shear Blade Segment to Gain Maximum Share Owing to Their High Accuracy
In terms of blade type, the market is segregated into air score blade, shear blade, and razor blade. Out of these, the razor blade segment held 31.9% paper slitting machine market share in 2019. The shear blade segment is anticipated to generate the highest share during the forthcoming years backed by its ability to provide high accuracy during the cutting process.
Availability of Labor at Low Cost to Accelerate Growth in Asia Pacific
Asia Pacific procured USD 196.5 million in 2019 in terms of revenue. This growth is attributable to the availability of labor at cheap rates. Also, the densely populated countries, such as India and China house several paper slitting machine manufacturers for their lower capital costs. Both the countries are considered to be the major manufacturing hubs for a wide range of paper products. Europe is expected to generate a considerable share fueled by the existence of multiple industry giants in this region. Besides, the regulatory bodies in this region are investing hefty amounts of money in a number of manufacturing projects.
- What is the driving factor for the growth of the Paper Slitting Machine Market?
- How will the COVID-19 pandemic impact the demand and consumption of the Paper Slitting Machine Market?
- What is the major application area of the Paper Slitting Machine Market?
- Who are the Paper Slitting Machine Market manufacturers across the globe?
- Which geographical location is dominant in the Paper Slitting Machine Market?
- Which are the top industry players in the Paper Slitting Machine Market?
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