We found an interesting article on GlobeNewswire from Fortune Business Insights.
This Report Answers the Following Questions:
- What are the growth drivers and trends of the market?
- How will the companies boost sales of paper slitting machine in the near future?
- Which region would lead the market by generating the highest revenue?
- What is the competitive scenario of the market?
Drivers & Restraints-
Rising Digitization of Production Process to Drive Growth
Several prominent paper slitting machines manufacturers are gradually inclining towards automated solutions to achieve high efficiency and increase productivity. They are conductive extensive research and development activities to refine the entire production process of paper slitting machines. This would help them in reducing the waste generated by these machines, as well as in boosting the output. Therefore, it would lower the expenditure of such manufacturers. Also, the productivity of several manufacturers has surged owing to the digitization of their production process. However, the emergence of the covid-19 pandemic is likely to hamper the paper slitting machine market growth as the governments of many countries have decreased the trade of non-essential products globally.
Shear Blade Segment to Gain Maximum Share Owing to Their High Accuracy
In terms of blade type, the market is segregated into air score blade, shear blade, and razor blade. Out of these, the razor blade segment held 31.9% paper slitting machine market share in 2019. The shear blade segment is anticipated to generate the highest share during the forthcoming years backed by its ability to provide high accuracy during the cutting process.
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