Coil Fed Punching Cutting Machines Market expected to grow at a CAGR of 8.5% during the forecast period of 2019 to 2029
COVID-19 pandemic has created a setback for many industries and caused a major economic disruption across nations. Many sectors are going to evolve in the post-pandemic era. Industrial automation sector is going to undergo a major transformation with the integration of digital infrastructure to monitor and control public health.
In the current situation of restricted movement and reduced workforce, new technologies have been developed to provide end-to-end automation in different sectors such as food processing. Automated systems are hired by the companies to ensure continued supply and manufacturing of products with the least manual interference.
Persistence Market Research’s new market research report titled, ‘Coil-fed Punching and Cutting Machine Market: Global Industry Analysis 2014–2018 and Market Forecast 2019–2029’, investigates the coil-fed punching and cutting machine market, and provides critical insights for the forecast period 2019 to 2029.
According to the report, the global coil-fed punching and cutting machine market is projected to witness significant growth during the forecast period, owing to modular automation solutions in coil-fed punching and cutting machines. Apart from that, coil-fed punching and cutting machines answer the rising need for the reduction of scrap and high productivity, and notable opportunities in electronics and consumer goods applications.