Global Stripping Machines Market Size By Product(Semi-Automatic Stripping Machine, Automatic Stripping Machine), By Application(Automotive, Communication, Consumer Electronic, Equipment Control), By Geographic Scope And Forecast

Stripping Machines Market Size And Forecast

Stripping Machines Market Size was valued at USD 410.65 Million in 2020 and is projected to reach USD 567.92 Million by 2028, growing at a CAGR of 4.58% from 2021 to 2028.

The stripping machine is used for stripping the cables from the e-waste without polluting the environment. Pure copper and plastic can be obtained by the stripping process. Thus, the rising recycling of e-waste is driving the growth of the market. The Global Stripping Machines Market report provides a holistic evaluation of the market. The report offers comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Stripping Machines Market Definition

The wire stripping machine is machinery, which is mainly used to remove the protective layers or the insulation outside the wire and cables. It is relatively compact equipment that allows easy and quick separation of valuable wires from its protective insulation and casing. The machine operates by stripping the insulation with the blade, while an operator feeds wire into the feed port and an electrical motor pulls the wire through. The operator then peels the wire by hand or the insulation falls off depending on the condition and thickness of the wire. The wire stripping machine removes the insulation from the coaxial cables, electric wires, and other similar types of wires. It is widely being used in the machinery industry. The stripping machines are built to easily recover the aluminum and copper from just about any type of armored or heavily insulated cable. The machines significantly improve the efficiency of copper stripping operation.

The wire stripping machine is generally available in both automatic and manual types in the market. The automatic type stripping machine has the function of cutting and stripping and one-time completion of cutting and stripping (no need for manual). The manual stripping machine has only a stripping function and does not have a cutting function. The manual stripping machines also offer several advantages. Apart from the low production and operating cost, the manual machine can generate several forces, so that thicker lines with very hard insulating material can be stripped. However, the use of automatic wire strippers will greatly reduce the risk of repetitive motion injury. Due to the variation in the material of the wire, wire diameter, and composition of the wire, there are different types of models present in the market. Some of the model types are ribbon wire type, thin wire type, heavy-duty wire type, coaxial wire type, and multi-core wire type among others.

Global Stripping Machines Market Overview

Electronics and equipment have become an essential part of everyday life. The rapid advances in electronics technologies have led to a large number of equipment being replaced periodically by new models. This is resulting in an exponential accumulation of obsolete devices without an adequate decommissioning process. Cables, which are the indispensable parts of the electrical and electronic industry, consist of aluminum, plastics, and copper. Copper recovery is mainly targeted from the used cables in the recycling process. Copper ranks third in world consumption after iron and aluminum. About 40% of total production of copper its alloys are obtained from the waste and for some products the proportion exceeds 90%. According to the International Copper Group (ICW). The stripping machine is used for stripping the cables from the e-waste without polluting the environment. Pure copper and plastic can be obtained by the stripping process. Thus, the rising recycling of e-waste is driving the growth of the market.

The wiring harness plays a key role in the vehicles. It serves a vital role in between the wire and cable industry and the automotive industry. It is a set of wires, cables, terminals, and connectors that transmits the information and power to the vehicle. It enables communication and energy transmission between all the components of the vehicles. With the advancement in new technologies and increasing customer expectations, applications of wires and cables have been increased in the automotive sector.

Global Stripping Machines MarketSegmentation Analysis

The Global Stripping Machines Market is segmented on the basis of Product, Application and Geography

Stripping Machines Market by Product

• Semi-Automatic Stripping Machine• Automatic Stripping Machine

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These machines are easy to set up, easy to use and provide efficiency. Some part of the machine is usually manual. Thus, reducing the efficiency as well as output of the machine. Currently, this segment has significant adoption in the market as they do the same work with lesser investment by the user. Lesser cost of the machine when compared to the fully automatic ones, is one of the major factors driving its demand (especially in the developing economies). The demand for semi-automatic stripping machines may get hampered as an increasing number of equipment suppliers and manufacturers have proactively shifted their focus towards the procurement of automatic stripping machines.

Stripping Machines Market by Application

• Automotive• Communication• Consumer Electronic• Equipment Control• Others

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The automotive industry is one of the most important industries in the world, plays an important role in the country’s socio-economic development. Currently, the industry is booming owing to the ongoing advancement in the automotive sector. Infrastructure improvements in developed countries, such as the construction of highways and bridges, have boded well for the automotive industry. Furthermore, the sector is benefiting from increased efforts to expand road transportation in order to meet the needs of regular passengers. By introducing innovative automotive technologies, multi-domain companies joining the industries are attempting to fend off competition from traditional players..

Stripping Machines Market by Geography

• North America• Europe• Asia Pacific• Rest of the world

Based on geography

the North American region holds a large share in the Stripping Machines market. Because of the region’s mature automotive and electrical industries, North America is likely to hold the majority of the market share in the wire stripping machine market. North America’s economic growth has posed an impact on the sale of passenger cars and commercial vehicles. Foreign automotive manufacturers are expected to also become a part of the mainstream automotive industry in North America, particularly in the United States.

Key Players

The “Global Stripping Machines Market” study report will provide valuable insight with an emphasis on the global market.The major players in the market are Schleuniger, Komax, Eraser, Kodera, MK Electronics, Artos Engineering, Spectrum technologies, Arno Fuchs, Carpenter Manufacturing Company, Inc., and Cheers Electronic Technical Co., LTD.

The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post sales analyst support

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