About Deep Drawing Machines
Deep drawing is the sheet metal forming process in which a sheet metal blank is drawn into a forming die by the mechanical action of the punch. This process is considered deep drawing when the depth of the drawn part exceeds its diameter. This is achieved by redrawing the part through a series of dies. The deep drawing machine, which is one of the most commonly used presses in the deep drawing production industry today. Many manufacturers also use to produce various industrial items as well as daily-use items.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Deep Drawing Machines market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Waterbury Farrels (Canada), Schuler AG (Germany), Beckwood Press (United States), AP&T (Sweden), Asahi- Seiki (Japan), Royal Systems (United States), Siempelkamp (Germany), Savage (United States), LASCO Umformtechnik (Germany) and Nantong Metalforming (China) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Deep Drawing Machines market by Type (Below 300 Ton, 300-1000 Ton and Above 1000 Ton), Application (Consumer Goods, Automotive, Industrial and Others) and Region.
On the basis of geography, the market of Deep Drawing Machines has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Deep drawing process, the sub-segment i.e. Conventional will boost the Deep Drawing Machines market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technological Advancements
Market Growth Drivers:
Wide Range of Usage of Deep Drawing Machine and Increasing Adoption of Deep Drawing Machines
Challenges:
Stiff Competition among the Major Players
Restraints:
High Costs Associated with the Machine
Opportunities:
Growth in Governmental Budgets in the Principal Countries and Increase in Transportation Fields Expenditures
Market Leaders and their expansionary development strategies
In May 2023, United forging and casting company has acquired Erie press systems The acquisition of EPS is expected to strengthen UFC's position in the forging and casting industry. EPS's hydraulic presses and stretch forming equipment will complement UFC's existing product portfolio. The acquisition will also give UFC access to EPS's expertise in hydraulic press technology.
In September 2023, PMF Industries has announced the installation of hydraulic press for deep drawing. Their cutting edge gear expands PMF's ability to accommodate thick materials and complements their current 1200 mm flowforming machine.
Key Target Audience
Manufacturers, Raw material suppliers, Government associations, Research organisations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.