About Press Machine
Press machines are referred to as the machine tools which are used to change the shape of a workpiece with the application of compressive force. Press machines are mostly been used in manufacturing industries such as aerospace, automotive, and construction. The demand for press machines is dependent on the trends in these industries. Press machine market is growing rapidly owing to increasing industrialization in the emerging economies and growing adoption for the manufacturing processes of an automated system. Further, growing demand from the automotive industry expected to drive the demand for press machines market over the forecasted period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Despite the presence of competition and brand effect problems, due to the awareness of end-users and their demand for high-end products, investors are still optimistic about this area. There will be more new investors entering into this industry in the future. The manufacturers who want to occupy the market must depend on market mechanism reform, manufacturing equipment innovation, core technology improvement, and brand establishment. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Press Machine 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.
AMADA (Japan), Anyang Forging Press Machinery Industry (China), Bystronic (Switzerland), Schuler (Germany), TRUMPF (Germany), Accurl (China), Ajax CECO (United States), Baileigh Industrial (United States), Betenbender Manufacturing (United States) and Cincinnati (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are ERIE Press Systems (United States), ERMAKSAN (Turkey) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Press Machine market by Type (Forging Press and Press Brakes), Application (Forging, Molding, Punching, Stamping, Laminating and Others) and Region.
On the basis of geography, the market of Press Machine 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 End User, the sub-segment i.e. Automotive Industry will boost the Press Machine market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Demand of Press Machine for Metal Shaping Processes and Technological Advancement in the Press Machine
Market Growth Drivers:
Growing Automation in the Manufacturing Industry and Growing Applications in the Automotive Industry Owing to Rising in Demand of Fabricated Metal
Challenges:
The emergence of 3D Printing as an Alternative for Press Machines
Restraints:
High Cost of Press Machine
Opportunities:
Rising Demand from the Emerging Economies Owing to Rising in Industrialization and Increasing Demand of the Portable Press Machines
Market Leaders and their expansionary development strategies
In August 2023, Nidec Corporation announced that the Company has acquired full ownership of Automatic Feed Company, Lasercoil Technologies LLC, and Automatic Leasing Company, privately- owned US companies (collectively the “Target”), from its founding family.
In February 2023, High-tech company TRUMPF is taking its INTECH in-house trade show as an opportunity to showcase the latest generation of its TruBend Series 8000. With an 880-millimeter open height and a stroke of 700 millimeters, the TruBend 8000 bending machine offers a superbly efficient way to bend very large parts, allowing workers to easily bend and remove workpieces that require a large box height.
Key Target Audience
Press Machines Manufacturers, Press Machines Distributors and Traders, Technology Providers, Potential Investors, Government Organizations, Market Research Firms 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.