What is Punching Press Market?
Punching press, a machine used to cut holes into metal sheet or plate material in different shapes and sizes. It is an old technology which is used in various sectors including automotive, defense, marine, among other. In the current scenario, growing adoption of automation and advent of highly efficient, compact machine, with longer operating life in manufacturing sector, eventually generate high demands for punching press machine.
The market study is being classified by Type (Flywheel Drive, Hydraulic Punch Press, Mechanical Punch Press and Servo Direct Turret Punch Press), by Application (Automotive, Defense, Marine, Power Industries and Other) and major geographies with country level break-up.
Prima Power (Italy), Amada Co. Ltd (Japan), Murata Machinery Ltd. (Japan), ERMAKSAN (Turkey), Banner Metalcraft Inc. (United States), HACO (Belgium), ANDRITZ (Austria), Tailift Co. Ltd. (Taiwan), Mitsubishi Corporation (MC Machinery Systems) (Japan) and KISETSU Co. Ltd. (Japan) are some of the key players profiled in the study.
Research Analyst at AMA predicts that Japanese Manufacturers will contribute to the maximum growth of Global Punching Press market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Punching Press market by Type, Application and Region.
On the basis of geography, the market of Punching Press 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing Usage of Punching Presses in Manufacturing Industry
- Surging Demand of Metal Cutting and Pressing in Automotive Industry, Ship Building and Machinery Manufacturing
Market Trend
- Development of Newer Technologies in Terms of Speed and Accuracy
- Surging Adoption of Automation Technology in Punching Press Machine
Restraints
- High Cost and Large Shape & Sizes of Punching Press Machine
Opportunities
- Constantly Focusing on Development of Multi- Tasking High Speed Machines with Enhanced Capabilities
- Surging Usage of Wheel Tools
Challenges
- High Repair Cost and Crucial Electronically Design
In March 2019, Prima Power announced the opening of a new site in Seinäjoki, in Western Finland. Finn-Power, the company of Prima Industrie Group manufacturing Prima Power turret punch presses, combined machines and systems, relocated its manufacturing plant and Tech Center previously sited in Kauhava into a brand new facility in Seinäjoki
Key Target Audience
Punching Press Manufacturers, Component Supplier/Distributor, Service Providers, OEMs Reseller and After Market Reseller, Raw Material Suppliers and Others