Kings Research today announced the release of its latest market intelligence study, “Global Stripping Machine Market: Size, Share, Trends & Forecast 2023–2030.” The report provides an in-depth analysis of market size, growth drivers, technological trends, regional outlook, and competitive dynamics.
According to Kings Research, the global stripping machine market was USD 431.1 million in 2022 and will be USD 631.4 million by 2030 at a CAGR of 5.01%. The market is driven by the need for productivity, accuracy, and efficiency in wire handling in automotive, construction, and manufacturing industries.
Stripping machines are used to remove insulation or coatings from wires and cables with high accuracy and efficiency. These machines have key features like microprocessor controls, servo motors, and CNC automation. They are vital in industries such as automotive, telecommunications, consumer electronics, and construction. Stripping machines are essential in today’s manufacturing. They improve precision and cut down on manual errors.
Kings Research identifies the following drivers for the stripping machine market
- Automation in Manufacturing: Europe’s manufacturing industry is embracing automation and machine learning in wire handling processes to increase productivity and reduce errors.
- Technology Advancements: CNC stripping machines are enabling higher precision, repeatability, and processing speed in wire removal.
- Automotive Sector Growth: Specialized stripping machines for complex automotive cables are driving adoption. The automotive segment was valued at USD 144.6 million in 2022.
- Construction and Infrastructure Development: Growing demand for wire processing in large infrastructure projects is driving the need for stripping machines.
- Efficiency in Electronics: Communication and consumer electronics are relying on stripping machines to prepare wires and cables for assembly and splicing.
B2B Leaders in automotive, electronics, and industrial sectors can benefit from stripping machines through:
- More Productivity: Automation reduces downtime and increases output.
- Better Accuracy: CNC precision ensures consistent wire handling.
- Operational Efficiency: Semi-automatic and automatic models cater to different industry needs.
- Cost Savings: Less wire damage means less material wastage and replacement costs.
Regional Outlook
- Europe: Held the largest share at 34.1% in 2022 (USD 147 million) due to strong adoption of automation and efficiency-driven manufacturing.
- Asia-Pacific: To grow at the fastest rate, reaching USD 180.9 million by 2030, driven by growing demand from the automotive, construction, and electronics industries.
Competitive Landscape
The global market is fragmented, with companies pursuing partnerships, R&D investments, and product innovations. Key players include Jiaxing Junquan Automation Equipment Co., Ltd., Komax Holding AG, Metzner Maschinenbau GmbH, and Russian Copper Company Group.
The full Kings Research report offers detailed segmentation by product, application, and region, along with competitive benchmarking and industry forecasts. To request a sample report or access the complete study, please visit https://www.kingsresearch.com/stripping-machine-market-100.
About Kings Research
Kings Research is a global provider of syndicated research reports and consulting services, enabling organizations to navigate emerging markets, assess opportunities, and make informed strategic decisions.
All market data are sourced from Kings Research proprietary analysis, validated against credible sources and industry publications. Key references include King's College London (www.kcl.ac.uk), the European Union’s REACH Regulation (ec.europa.eu), the International Electrotechnical Commission (IEC) (www.iec.ch), among others.