Machine Bench Vices Market Size (2024 - 2029)

Machine Bench Vices Market Analysis

The Machine Bench Vices Market is expected to register a CAGR of 4.20% during the forecast period.

• Machine vises and bench vises, like inventor's vises, are tools used to clamp metal instead of wood. The primary purpose of the vise is to hold metal while the cutting and filing process is going on. A machine vise holds the workpiece securely while the work is being done. It can be mounted on a milling or drilling machine. A machine vise is usually operated by a hand crank or a hydraulic system and can clamp the workpieces with moderate force.
• The rapid growth of the industrial sectors has increased the number of workshops utilizing drills and milling machines, thus necessitating an expansion of the machine bench vices. Furthermore, most companies manufacturing machine tools incorporate vices manufactured by small businesses as part of their standard equipment. Moreover, small-scale businesses also purchase these vices from various wholesalers in the open market. Consequently, the growth of small enterprises is expected to be exceptionally high in the near future.
• Developing economies, such as China, India, and Indonesia, among others, along with industrialized countries, such as Japan and South Korea, have assisted the Asia-Pacific (APAC) region to dominate the manufacturing industry in terms of demand, particularly with the demand for machine bench vices for metal fabrication equipment.
• Moreover, China is also the largest manufacturer of automobiles in the world. China is one of the largest producers of passenger cars due to the improving logistics and supply chains, increased business activity, and the country’s raft of pro-consumption measures, among other factors contributing to the passenger car market products in the country. Therefore, this has increased demand for machine bench vices for the automotive segment. For instance, according to OICA, in 2022, passenger car production in China amounted to 2.38 million units, which showed an increase of 11% compared to 2021.
• Metal fabrication equipment is the most widely used in the automotive and related industries, with manufacturing companies being the next largest consumers. The demand and supply of machine bench vice metal fabrication equipment for critical sectors, including aerospace and defense, are projected to increase over the forecast period.
• The conflict between Russia and Ukraine significantly impacted this industry. The conflict exacerbated supply chain issues and material shortages that had affected the industry for some time. The disruption resulted in volatile pricing for critical raw materials such as nickel, palladium, copper, titanium, aluminum, and iron ore, resulting in material shortages. This, in turn, impacted the manufacturing of various Machine Bench Vices.
• Further, according to UkraineInvest, copper prices escalated to USD 10,845/mt in early March 2022. The Russia-Ukraine War, high energy costs, and stricter emissions standards in Europe have been noted as the primary reasons for the continued shortage of copper.

Machine Bench Vices Industry Segmentation

Machine bench vices are clamping devices used to hold a workpiece firmly and securely while operating a machine tool, such as a milling machine or a drill press. These vices are attached to a drill press or milling machine's table to relieve the user's hands from holding the workpiece when milling, drilling, or completing similar tasks.

The Machine Bench Vices Market Report is Segmented by Product Type (Hydraulic Machine Bench Vices and Pneumatic Machine Bench Vices), Distribution Channel (Online and Offline), End-User Industry (Manufacturing, Automotive, and Other End-user Industries), and Geography (North America, Europe, Asia-Pacific, Latina America, and Middle East and Africa). The Report Offers the Market Size and Forecasts for all the Above Segments in Value (USD).