Clamping Vise Market Size, Share, Growth, and Industry Analysis by Type (Single Station Clamping Vise, Double Station Clamping Vise & Multiple Station Clamping Vise), By Application (Lathing Machine, Milling Machine, Grinding Machine & Others), Regional Forecast To 2031

Updated On: 01 April 2024

Clamping Vise Market REPORT OVERVIEW

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The global clamping vise market size was USD 459.7 million in 2022 and is expected to reach USD 569.08 million by 2031, exhibiting a CAGR of 2.4% during the forecast period.

The global COVID-19 pandemic has been unprecedented and staggering, with clamping vise experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

The base of a clamping has a vise-type screw that fastens it to a board, table, or bench. Vices and clamps are useful mechanical devices that firmly hold objects in place. A vice that is mounted to a workbench can hold a workpiece in place by tightly clamping it between its jaws. Clamps, commonly referred to as cramps, are portable and lighter in weight.

A clamper is an electrical circuit that adds a changeable positive or negative DC voltage to a signal to fix either the positive or negative peak excursions to a specified voltage. Clamps come in a variety of forms, each of which has a particular function. Cable clamps bind and hold together cables or cords. A workbench can be clamped or attached to a vice or bench vice. The vice shown in the image allows workpieces to be swiftly and simply clamped in a vertical plane, although other vices can hold objects horizontally. Some vices are relatively portable and modest. For jobs like sawing, drilling, and filing, vices are perfect.

COVID-19 Impact: Industry Shutdown Causes Market Distortion

The COVID-19 outbreak caused unstable markets, a drop in consumer confidence, and problems with import and export commerce for producers of machinery and equipment. Markets were shuttered as a result of the lockdown, and many people stayed inside. Supply chain breaches, stock market inefficiencies, and vendor instability are the result of this evolution. The market as a whole was impacted by the shutdown of the machinery and equipment industry. Because there was no longer a market for the product, it has become obsolete as those markets closed. In order to maintain stability amidst the disruptions, organizations were forced to redesign their entire operational structures as a result of the pandemic. The financial imbalance brought on by the closure of numerous stores and significant sectors was the primary factor that distorted the entire market. In addition, the outbreak has a negative impact on the business operations of the enterprises, which affects the market as a whole. The clamping vise market has been somewhat impacted by this.

LATEST TRENDS

"Rapid Expansion to Boost the Market Growth"

The market's rapid expansion is the main trend of driving growth. The need for vises and the quick expansion of the industrial production sector are the key factors supporting the expansion of the global market. In addition, the number of workshops utilizing drilling and milling equipment is increasing as a result of the quick advancements in industrial sectors. Sales of the goods are rising as a result. Also, the majority of machine tool makers subcontract their work to small-scale enterprises to obtain the product as standard equipment. Distributors for small size industries also sell this machine in the open marketplaces. Because of this, it is projected that the widespread usage of these machines by small businesses worldwide will spur market growth. The industry is anticipated to grow during the forecast period thanks to this trend. Thus, it is anticipated that the rapid expansion of the market will increase overall market sales. These new developments and varieties in product are mostly to blame for the market's overall growth.

Clamping Vise Market SEGMENTATION

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• By Types 

Based on type, the market is classified into Single Station Clamping Vise, Double Station Clamping Vise & Multiple Station Clamping Vise.

• By Application

Based on the market is categorized into Lathing Machine, Milling Machine, Grinding Machine & Others.

DRIVING FACTORS

"Portable Vise that Gives the Market Extra Boost"

Throughout the anticipated years, the market for vises is going to be driven by the rising demand for portable clamping. The market is anticipated to be driven by an increase in the number of workshops that include milling and drilling equipment as well as bench vise features including precision drilling, gluing, metalworking, and others. They are frequently used in mechanical workshops and the manufacturing sector. The workpiece is worked on using a variety of tools, such as saws, screwdrivers, drills, mills, planes, sandpaper, and others. The parallel flat jaws of the vises are joined to a worktop. Moreover, they can be utilized to support equipment such as lathes, milling machines, and drilling machines. Moreover, the market is estimated to grow during the projected period due to the increasing demand for microscopes in engineering educational institutions. The market demand is anticipated to be driven by all of these factors. As a result, the growth, and the increasing use of portable vise will boost the market. It will contribute to the expansion of the machinery and equipment industry and it will improve the overall clamping vise market growth.

"Machinery & Equipment to Encourage Market Expansion"

Machinery and equipment are another component boosting the market. Machines and equipment efficiently and quickly produce the intended outcome. The fast industrialization and urbanization, the rising world population, and the rising demand for consumer products are some of the reasons that are driving the global clamping industry. To hold the workpieces throughout the machining process, clamps are frequently utilized. In performing operations at high speed and feeds, it gives exceptional precision. Vise-grips, clamps, fixtures, or other mechanical devices that hold or support a workpiece during machining operations are among the machinery and equipment used in clamping. The overall market sales are increased by this feature. Over the course of the forecast period, the aforementioned factors are anticipated to affect sales of the industry. This will increase demand for the product and help the industry as a whole to expand. The product line expansion is helping the market to grow.

RESTRAINING FACTORS

"High Cost to Impede Market Expansion"

The price of the product is one of the factors preventing market growth. The machine needed extensive maintenance, and it needed to be properly watched over and used. The product's high price limits the market as a whole. Therefore, during the forecast period, these factors are anticipated to restrain market growth. But as time goes on, this issue will be resolved in some way. If this problem is fixed, the market will start to grow right away.

Clamping Vise Market REGIONAL INSIGHTS

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"North America Dominating the Market Across the Globe"

The market for clamping vise in North America has benefited from the region's expanding industrial development and a number of driving factors that have boosted the potential sectors because this region is the product's primary user. The rising product used in lathing machine, milling machine & grinding machine sector is boosting the clamping vise market share. Trends toward rapid urbanization will support the market as a whole even more.

KEY INDUSTRY PLAYERS

"Leading Manufacturers to Boost Product Demand"

Study includes information on the market players and where they stand within the sector. Data is being collected and made available through proper research, mergers, technical advancement, growing production facilities, and cooperation. The study on materials offers details on manufacturers, regions, types, applications, sales channels, distributors, traders, dealers, research findings, and more.

List of Market Players Profiled

•   Kurt Manufacturing Company (U.S.)
•   5th Axis (U.S.)
•   Schunk (Germany)
•   Jergens, Inc (U.S.)
•   Georg Kesel (Germany)

REPORT COVERAGE

The market segmentation by type and application is covered in great detail in the study. A wide range of participants, including current and potential market leaders, are examined in the study. A number of significant factors are expected to lead to a sizeable market expansion. In order to gain market insights, the research also looks at factors that could raise the share of clamping vise industry. Forecasts for market growth over the anticipated time period are made in the report. Explaining why one region dominates the global market is the goal of regional research. A number of properly considered factors limit the industry's ability to expand. A strategic analysis of the market is also included in the research. It contains comprehensive market data.