Project report for Machine Vice

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Introduction

The Indian machine bench vices market is expected to expand at a significant growth rate in the near future. Rapid expansion of the industrial manufacturing sector and increase in demand for portable machine bench vices are key factors driving the Indian machine bench vices market. The indian machine bench vices market is likely to be drive by wide usage of machine bench vices by small scale industries worldwide. A vice or vise is a mechanical apparatus used to secure an object to allow work to be performed on it. Vises have two parallel jaws, one fixed and the other movable, threaded in and out by a screw and lever. A machine vice is a clamping device used to hold a workpiece securely when operating a machine tool, such as a drill press or milling machine. A machine vice is needed because machining operations can be dangerous, and so the vice decreases the amount of risk involved by holding the workpiece for the user. Machine vices can be used to hold a variety of materials, including metal, wood and plastic. In vises designed to hold metallic workpieces, the active faces of the jaws are hardened steel plates, often removable, with serrations that grip the workpiece; to prevent damage to soft parts, the permanent jaws can be covered with temporary jaws made from sheet copper or leather. Pipe vises have double V-shaped jaws that grip in four places instead of only two.

Market potential & Strategy

The global machine bench vices market is expected to expand at a significant growth rate in the near future. Rapid expansion of the industrial manufacturing sector and increase in demand for portable machine bench vices are key factors driving the global machine bench vices market. Additionally, the number of work shops where drilling and milling machines are used is increasing, due to rapid developments in industrial sectors. This is boosting the machine bench vices market. Moreover, most machine tool manufacturers get bench vices made in small scale industries as sub-contracting work as standard equipment. Small scale industries also purchase bench vices in the open market through dealers. The global machine bench vices market is likely to be drive by wide usage of machine bench vices by small scale industries worldwide. The market in Asia Pacific is expected to expand at a significant pace during the forecast period. Growth of the market in the region can be attributed to a rise in investments in the manufacturing sector. The industrial manufacturing sector in Japan, India, China, and countries in Southeast Asia has expanded at a substantial growth in the last few years, and the trend is expected to continue in the near future. This has led to high demand for industrial machine tools in these countries. Machine Vice Market is growing at a faster pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period.

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