New York, November 2021: Axiom Market Research & Consulting™ added a report on tool presetter market which includes study on category, product type, installation, model type and geography. Tool presetter market was projected to grow at a CAGR of 5.01% for the forecast period 2022 to 2028. The global market is estimated and forecasted in terms of revenue (USD Million) generated by the tool presetter market.
Increasing adoption of tool presetters as it enhances the tool life, achieve better surface finishes and improve overall process reliability in production is attributed to the market growth. Furthermore, tool presetting enables the user to confirm that the product is within required specifications before the tooling process begins. Thus, rising focus of manufacturers towards tool presetting systems owing to its number of advantage is also boosting the market growth.
The report analyses the tool presetter market based on the category, product type, installation, mode type and geography. Based on the category, the tool presetter market is segmented into contact and non-contact. On the basis of product type, the market is bifurcated into horizontal device and vertical device. Table top and stand alone are major installation types of the market. By model type, the tool presetter is segmented into simple/entry level and advanced. Geographically, the tool presetter market is studied for the regions including North America, Europe, Asia Pacific, and Rest of the World.
Increasing demand for non-contact tool presetter as they are highly accurate and enable the user in monitoring and statistically document/record tool runouts in case of hollow mills, trepanning tools and short tools is attributed to the segment growth. In addition, rising adoption of non-contact type of presetters in mid-size and large industries is also boosting the market growth.
Increasing demand for vertical presetter is from every industry as this machine can be used for horizontal as well as for vertical tools is accredited to the market growth. Presently, vertical presetters are the most popular machines on the market with about 90% of the overall tool presetter market.
The stand-alone system is used in an advanced and high end tool presetters which are larger in size and consume more space. Increasing demand for standalone type tool presetter in bigger industries is attributed to the market growth. Some of the top manufacturers of standalone tool presetter are Omega, Elbo Controlli, Kelch and Dorian Tool International.
Advanced tool presetter have the potential of measuring tools that are used in specialty of application such as indexable tools, that include exotic metal or diamond tips and alloys. In addition, the advanced tool presetter are widely used in high end industries which demands high level of precision. This, in turn, is propelling the growth of the market.
Increasing industrializations and rising investment in infrastructural development across the region is major factor behind the market growth. Moreover, growing electronics industry in the countries like India and China with increasing manufacturing plants are other supportive factors contributing to the growth of the tool presetter market globally.
Kelch, E. Zoller Gmbh & Co. Kg, Big Kaiser Precision Tooling Inc, Dorian Tool International, Applitec Moutier, Nt Tool, Big Daishowa, Viscat Fulgor, Speroni Usa, Ultra Prazision Messzeuge Gmbh, Ezset Gmbh & Co. Kg, Nikken Kosakusho, Koma, Omega, Trimos are some of the key players operating in the global tool presetter market.
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