Global Tool Holders Market Report 2018-2022 - Use of IoT for Condition-Based Monitoring of Tool Holders is One Major Market Trend

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22 Jan, 2018, 17:00 GMT

DUBLIN, Jan. 22, 2018 /PRNewswire/ --

The "Global Tool Holders Market 2018-2022" report has been added to ResearchAndMarkets.com's offering.

The global tool holders market is projected to grow at a CAGR of 5.61% during the period 2018-2022.

One trend in the market use of loT for condition-based monitoring of tool holders. The idea of connected factory has evolved in the past few years. Connected factory utilizes the power of the web to link humans with various components like machines, computers, and sensors to allow better collection, processing, and analysis of information. The connected components mentioned above provide enhanced precision, and can translate the collected data into useful insights. Internet of things or loT holds no relevance without machine learning and intelligence. The concept of loT is not only limited to the collection of data but also focuses on obtaining value from the acquired data.

According to the report, one driver in the market is growing commercial aircraft leasing market. Commercial aircraft leasing is seeing a considerable growth in the past years. Airline companies are leasing aircraft from other airline companies or leasing companies to increase their capacity temporarily and to operate without the financial burden of buying an aircraft. There are two main types of leasing in the airline industry: dry leasing and wet leasing. Wet leasing is used for short-term leasing, whereas dry leasing is used for longer-term leasing. Aircraft leasing offers benefits of reduced CAPEX, reduced maintenance costs, financial liquidity, and the ability to respond to market conditions through fleet expansion.

Market Trends

  • Use of IoT for condition-based monitoring of tool holders
  • Technological advances

Key Vendors

  • BIG KAISER Precision Tooling
  • CERATIZIT
  • Guhring
  • Kennametal
  • Sandvik Coromant

Other Prominent Vendors

  • LMT Onsrud
  • KYOCERA UNIMERCO
  • Ingersoll Cutting Tools
  • SECO
  • GDP - GUHDO

Key Topics Covered:

Part 01: Executive Summary

Part 02: Scope of the Report

Part 03: Research Methodology

Part 04: Introduction

Part 05: Market Landscape

Part 06: Market Sizing

Part 07: Five Forces Analysis

Part 08: Market Segmentation by Product

Part 09: Customer Landscape

Part 10: Regional Landscape

Part 11: Decision Framework

Part 12: Drivers and Challenges

Part 13: Market Trends

Part 14: Vendor Landscape

Part 15: Vendor Analysis

For more information about this report visit https://www.researchandmarkets.com/research/d22x9r/global_tool?w=5

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SOURCE Research and Markets