Machine Bench Vices Market Size, Share & Industry Analysis, By Type (Mechanical, Hydraulic and Pneumatic), By End-use Industry (Mining, Food & Beverage, Oil & Gas, Energy and Power, and Others), and Regional Forecast, 2024-2032

The global machine bench vices market size was valued at USD 479.4 million in 2023. The market is projected to grow from USD 491.9 million in 2024 to USD 633.6 million by 2032, exhibiting a CAGR of 3.2% during the forecast period.

Increasing requirements for high precision and quality in the production of components and parts have increased the requirement for more advanced and efficient products for workpiece holding. Machine bench vices provide the stability and accuracy needed for precise machining, ensuring the quality of finished products.

These products find applications in a wide range of industrial processes, making them versatile tools. They are used in machining centers, workshops, and production lines for various tasks, contributing to their consistent demand across different manufacturing applications, the versatility in operations and increased manufacturing output of industries contributes toward market growth.

The outbreak of the COVID 19 pandemic has negatively affected the growth of the market due to halted production and supply-chain disruptions. The U.S., Germany, Italy, the U.K., and China significantly reduced market share due to prolonged lockdowns, including major end-users. The reduced production was a result of preventive measures taken by different industries to control the spread of coronavirus, which reduced the product demand.

Machine Bench Vices Market Trends

Compliance toward Global Standards and Certifications to Aid in Brand Reputation

Compliance with global standards and certifications is becoming increasingly important for machine bench vise manufacturers as it ensures product quality and safety and enhances brand reputation. Adhering to the standards set by organizations such as the International Organization for Standardization (ISO) and the American Society of Mechanical Engineers (ASME) demonstrates a commitment to excellence, aiding manufacturers in differentiating their products in competitive markets. Moreover, complying with these standards opens up opportunities for manufacturers to enter new markets where adherence to specific standards is a requirement for product acceptance. The International Organization of Standardization (ISO) provides several relevant standards to machine bench vises, covering aspects such as materials, safety, and testing methods.

• For instance, ISO 4014:2000 specifies and qualifies welding procedures for metallic materials, which is applicable to welding sued in vide construction. Additionally, ISO 11439:2013 outlines safety requirements for cutting-off machines, relevant for vises used in conjunction with cutting machines.

By following these standards, manufacturers can ensure that their products meet international quality and safety benchmarks, enhancing customer confidence and trust in their brand which is further rising the machine bench vices development.

Machine Bench Vices Market Growth Factors

Expanded Application Scope and Enhanced Operational Efficiency to Drive Market Growth

The compatibility of machine bench vices with a wide range of machining equipment is a crucial factor driving their deployment and utilization in various manufacturing and machining operations such as forming steel, woodworking, sawing, drilling and boring, u-joint removal, fabrications, and assembly, among others. Machine bench vises are essential tools used in machining processes to secure workpieces firmly in place during cutting, mining, grinding, and drilling operations.

Their compatibility with different machining equipment, such as drill presses, milling machines, lathes, and CNC machines, enables them to seamlessly integrate into multiple machine setups, enhancing their versatility and utility. Furthermore, compatibility with a wide range of machining equipment enhances the efficiency and productivity of machining operations. It enables machinists to quickly switch between different machining setups without the need for extensive reconfiguration, reducing downtime, and increasing overall outputs.

• For instance, in September 2023, Silhouette America Inc. launched CAMEO5, CURIO2, Potrait4, and CAMEO5 PLUS cutting machines, transforming the crafting industry with advanced technologies and new tools. These machines offered precise cutting and compatibility with multiple tools, along with a Power Carriage for enhanced integration.

RESTRAINING FACTORS

Intense Competition and Shift toward Digitalization in Manufacturing to Limit Pricing Flexibility and Reduce Demand

Intense competition within the machine bench vise market poses a significant restraint on manufacturers, limiting their price flexibility and profit margins. As numerous vise manufacturers compete for market share, there is often pressure to keep prices competitive, which leads to reduced profit margins. Additionally, the competitive landscape can result in price wars, further squeezing margins and hindering the ability of manufacturers to invest in research and development or innovate their products. This creates a challenging environment for smaller manufacturers or those with limited resources to compete effectively, potentially leading to consolidation within the industry.

In this competitive environment, manufacturers are compelled to focus on cost optimization and operational efficiency to maintain viability. Furthermore, strategic collaborations and innovative product differentiation become crucial for manufacturers seeking to thrive amidst intense market competition in machine bench vices.

Machine Bench Vices Market Segmentation Analysis

By Type Analysis

Pneumatic Segment to Dominate the Market Owing to Efficiency and Cost-Effectiveness

By type, the market is segmented into mechanical, hydraulic, and pneumatic.

The pneumatic segment is anticipated to hold the highest share in the global market. The same segment will also grow at an exceptional pace under the machine bench vices market. The availability of a wide range of products offered by numerous manufacturers is a crucial factor behind the stellar performance of the segment in the global market. Reliability in terms of operations and the ability to handle workpieces with precision and accuracy also contribute to the high market share. Pneumatic products, known for their considerably lower maintenance costs, have increased its popularity in the global market.

The hydraulic segment will maintain a sizable market share, however, complications such as oil leakage and the requirement for timely maintenance are hindering market development.

However, the mechanical segment will hold a minimal market share due to limitations in handling larger loads. Additionally, the increasing trend toward procurement of technologically innovative products is decreasing the demand for mechanical products.

By End-use Industry Analysis 

Industrial Manufacturing Segment to Dominate Owing to Integration of Automation within Facilities

According to end-use industry, the market is segregated into automotive, industrial manufacturing, aerospace and defense, woodworking, and others (electronics).  

Industrial manufacturing sector will witness promising growth in the global market and is expected to command a major share. The exceptional performance is attributed to automation in industrial manufacturing facilities, with operators’ efforts toward renovating production units expected to boost sales of vices in this segment.

The automotive segment will also have a significant market share, driven by increased automotive manufacturing across multiple regions, promoting an optimistic picture for market growth. The sheet metal fabrication operations involved in the aerospace and defense sector make the industry a significant contributor to the development of the market.

REGIONAL INSIGHTS

In terms of regions, the market is studied across North America, Europe, Asia Pacific, the Middle East and Africa, and South America.

Asia Pacific is anticipated to remain at the forefront in terms of market share owing to its manufacturing prowess. The region is identified as a manufacturing powerhouse, with a substantial export of machine bench vices across Europe and North America. Established manufacturing clusters in China and Japan, and constant efforts of India to position itself as a prominent manufacturer of industrial goods and attract global manufacturers, are crucial factors contributing to the consistent growth and rise in the machine bench vices market share.

Advancements in technology lead to the development of more sophisticated machinery and tools, with enhancements in design, functionality, or materials stimulating demand as businesses seek to upgrade their equipment.

North America’s market for machine bench vices is projected to experience a steady growth rate in the forecast period. It is attributed to the presence of leading manufacturers in the U.S. along with increasing demand for machine bench vices in several industries, such as manufacturing, automotive, and aerospace industry.

European countries are known for their stringent quality standards in manufacturing. Businesses in the region prioritize high-quality and precise machinery to meet these standards, driving the demand for sophisticated manufacturing equipment. Most consumers operating in industrial manufacturing and automotive sectors are trying to develop their state-of-the-art manufacturing facilities, thereby increasing the demand for high-quality and modern machine vices.

Small and Medium Enterprises (SMEs) play a significant role in the economies of many Middle Eastern and African countries. These businesses often require affordable and reliable tools for their workshops, supporting the sales of machine bench vices. Moreover, SMEs are increasingly adopting technologically advanced and modern setups in order to effectively improve their productivity prompting the demand for modern machine vices in the market.

In South America, niche opportunities for manufacturing industries, limited presence of global market players in the region, and underdeveloped distribution channels are expected to contribute to sluggish growth in the region over the forecast period.

List of Key Companies in Machine Bench Vices Market

Emergence of New Market Players is Increasing the Level of Fragmentation Within the Market

STARK Spannsysteme GmbH, JPW Industries, Inc., TSUDAKOMA Corp., Jergens, Inc. are the key players in the machine bench vices sector covering noteworthy share compared to other players in the market. The dominance of these players stems from diverse product portfolio and ability of these players to develop technologically advanced products and provide cost effective products. End-users incline to purchase the products from them which benefits them at the time of installation, operations, and efficient metalworking. Robust business strategies, such as selling the products at lower prices and using government trade regulations are propelling the machine bench vices market growth.

LIST OF KEY COMPANIES PROFILED:

• Gerardi SPA (Italy)


• Jergens, Inc. (U.S.)


• Kurt Workholding (U.S.)


• Nabeya Co., Ltd. (Japan)


• BISON USA Corp. (U.S.)


• International Machine Tools and Equipment Inc. (Canada)


• Palmgren (U.S.)


• STARK Spannsysteme GmbH (Austria)


• JPW Industries, Inc. (U.S.)


• TSUDAKOMA Corp. (Japan)


• Rohm GmbH (Japan)

KEY INDUSTRY DEVELOPMENTS:

• August 2023: Kurt Workholding launched Kurt TriLock product link, featuring a 3-in-1 vice with integrated quickchange dovetail jaws from recently acquired CARVESMART. Six-inch Kurt triLock vices speedily convert between double-station or single-station configurations and three vice sizes.


• July 2023: Roemheld, a German work-holding equipment manufacturer, launched a centric machine vice that operates mechanically at its stand during the forthcoming EMO 2023 metalworking trade show in Hannover.


• July 2023: Jergens continues to develop cast iron tool columns, 5-inch heavy-duty vices, Quick-Loc 2 pallet systems, ZPS modules, (mechanical) cleaning tools, and more. The company developed cutting-edge tooling solutions such as modular dovetail vices, self-centering and double-acting vices, and its 5-inch heavy-duty small footprint vice. This modern vice is relatively small and lightweight, making it easy to move and transport, reducing the time between changes and reducing operator fatigue.


• April 2023: TSUDAKOMA Corp. announced a major update to its web showroom. The updated Web Showroom is integrated with a new page structure and design, as well as video clips introducing TSUDAKOMA NC machine vices and rotary tables efficiently. This showroom is accessible on a variety of devices, including tablets and smartphones.

REPORT COVERAGE

The machine bench vices market report provides a detailed analysis of the market and focuses on key aspects such as leading companies, type, and leading end-use industry of the product. Besides, the report offers insights into the market trends and highlights key industry developments. In addition to the factors above, the report encompasses several factors that contributed to the growth of the market in recent years.

Report Scope & Segmentation