Coil Winding Machine Market: Introduction
Machines used to wind coils for transformers, motors, chokes and inductors are defined as coil winding machines. Designed to use with equal size motor or concentric winding arbors, it is used to wind both three phase motor and single phase motor coil. Electrical coil winding machines are particularly used for winding of passive components those resist current changes. These machines are used in armature cores, field cores, electrical motors, generators, bobbins among others. Coil winding machines find significant application in automotive industry, the growth in automotive industry is anticipated to create significant opportunities for the market.
Types for coil winding machines include manual and automatic machines. Automatic coil winding machines are designed to wrap, cut, wind and rout with multi bobbin winding, whereas handheld manual coil winding machines are to create evenly wound coils. For spindle and axes control Automatic ones are also equipped with AC servomotors. Owing the number of applications as well as demand from end use sectors the global coil winding machine market is anticipated to witness moderate growth over the forecast years.
Coil Winding Machine Market: Dynamics
Different industry verticals across the globe including electrical and electronics, automobile have created significant demand for coil winding machines owing to requirement in uses such as wire winding, wire bonding and welding etc. The surge in demand from these industries worldwide, is anticipated to further add in the growth of coil winding machines market. Technologies like 3D printing and material advancements as well as advancements in textiles, growing demand for wearable devices is projected to drive the coil winding machine market growth.
High initial cost of the machines is the factor which may impede the market growth in the coming years.
Multi-speed machines in various types & categories are being designed by manufacturers, so as to perform a range of functions in various industry verticals.
The COVID-19 pandemic has impacted the global economy at various levels no industrial sector has been spared. As a result, a substantial slowdown in manufacturing in the first six months of 2020 has been witnessed as it reverberates through every industry. For the remaining half of the year the outlook remains uncertain as the scope of the pandemic and its effect on production and demand & supply chains which is anticipated to impede the overall global coil winding machine market growth.
Coil Winding Machine Market: Segmentation
The global Coil Winding Machine market can be segmented on the basis of machine type, operation, spindle number, end use and duty level.
On the basis of Machine Type, the global Coil Winding Machine market is segmented as:
On the basis of Operation, the global Coil Winding Machine market is segmented as:
On the basis of Spindle Number, the global Coil Winding Machine market is segmented as:
On the basis of End Use, the global Coil Winding Machine market is segmented as:
On the basis of Duty Level, the global Coil Winding Machine market is segmented as:
Coil Winding Machine Market: Regional Outlook
In Asia Pacific, significant growth in electronic industry countries such as China, India is anticipated to create significant opportunities for coil winding machine market growth in the coming years. Increase in the production of electric vehicles with growing automotive industry is anticipated to create significant growth opportunities in North America and Europe. Latin America and Middle East & Africa are anticipated to witness moderate growth in the global coil winding machine market during the forecast years.
Coil Winding Machine Market: Key Participants
Some of the key market participants in the global Coil Winding Machine market, identified across the value chain include:
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