Tension Control Market Analysis:
The global Tension
Control Market is expected to witness a 4.80% CAGR from 2018 to 2023
(forecast period). Increase in automation for applications such as printing,
lamination and textile contributes to the market demand. Moreover, growing
emphasis on flexible printing and packaging adopted by manufacturers attribute
to the market growth. This is evident by the volume of flexible packaging units
to touch USD 15.7 billion in Europe by 2022. In addition, the U.S. Department
of Defense had invested close to USD 75 million in 2015 to this regard.
The major drivers listed in the global tension control
market report attribute as surging demands from the packaging sector in order
to enhance the quality of the contents and maintain a longer shelf life; and
growing opportunities in the pharmaceutical packaging in the emerging markets.
Rise in use of 3D printing and packaging in the cabling industry is expected to
emerge as a contribute as growth factor in the years to come. Automated systems
are gaining traction rapidly by causing low lags in the production line. For
instance, the Auto Web Tension Control System by Puretronics remembers the last
output voltage to the brake/motor component for uninterrupted production.
Top Manufacturers:
Technological advances, significant investments,
merger and acquisition and product launchers are some of the key strategies
adopted by the major players. Major players in the global tension control
market are Montalvo (US), Nexen (U.S.), FMS (Switzerland), Dover Flexo
Electronics (US), Maxcess (US), Erhardt + Leimer (Germany) and Double E (US).
Tension Control Industry Segmentation:
The global tension control market is segmented based
on component, application, type, and region. Component can be segmented into
dancer roller, controller, diameter sensor, load cell, brake and clutch. The
load cell segment is projected to witness a traction mainly due to inclination
towards automation in paper processing and printing.
Application segment is further categorized as paper
& corrugated, metal & foil, flexible printing & packaging. The
flexible printing & packaging segment can drive the demand of the tension
control market as irregularities and fluctuations in machinery can lead to low
quality of products. Inclination towards flexible packaging coupled with demand
for high-quality labeling and printing can drive segmental growth till 2023.
Regional Analysis:
Regionally, the market covers the latest trends of the
tension control market across Asia Pacific, the Middle East & Africa, South
America, Europe, and North America. Asia Pacific accounted for the largest
market share in the tension control market due to significant investments in
the food and beverage industry followed by increasing investment in flexible
packaging mainly in the food industry is expected to drive the market growth in
this region. Increasing opportunities in the pharmaceutical sector is expected
to balance the market demand in the years to come. Increased rate of imports as
well as produciton of printing & packaging machinery can drive the tension
control market demand exponentially till 2023.
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