About Press Brakes
A press brake is a machine pressing tool which is used for plate material and bending sheet, mainly for bending of sheet metal. It is normally narrow and long so that large pieces of sheet metal can be bent by it. It bends sheet metal by sinking a punch on sheet metal and metal may be bent many times by a press brake until the achievement of desired form. The working capacity of a press brake is considered on parameters like working length, stroke, tonnage, the distance between frame uprights or side housings. The operating speed of an upper beam ranges from 1 to 15 mm/s. in a press brake. The workpiece or metal sheet is clinched between matching punch and die to form a perfect bend. Various industries including automotive, aviation, transport, general machinery, and construction have wide range of applications for press brakes. Main key factor for pouring the growth of the Press Brake is the mounting demand for fabricated metal products across the globe.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 5.9% |
There are various companies are working to overcome challenge so that to increase the demand for press breaks. There are various market players are entering in this industry to capture market growth opportunities. The market leaders are investing on organic and non-organic strategic growth initiatives to become dominant in this industry. Analyst at AMA Research estimates that Global Manufacturers will contribute the maximum growth to Global Press Brakes 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 Co (Japan), Salvagnini America (United States), Baileigh Industrial (United States), Komatsu (Japan), Hindustan Hydraulics (India), Santec Group (India), MetalForming (United States), Ketec Precision Tooling (United States) and US Industrial Machinery(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 Bystronic (India) and Carell Corporation(United States).
Segmentation Overview
AMA Research has segmented the market of Global Press Brakes market by Type (Electric, Mechanical, Hydraulic and Pneumatic), Application (Building and Construction, Power Generation, Automobile, Transportation, Shipbuilding and Other) and Region.
On the basis of geography, the market of Press Brakes 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 Bending, the sub-segment i.e. Air Bending will boost the Press Brakes market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Use of backgauge is trending which is mainly for accurately positioning of metal piece to put the bend in correct place is reducing duration of operations. Further programmed backgauge are effective for repeated operations.
Market Growth Drivers:
Progress in the automation industry driving the demand for press breaks and The growing need for superior-quality products for automation in manufacturing impacting on the demand positively
Challenges:
Labour shortage leads to increase installation time, resulting in high cost
Restraints:
Lack of skilled and trained workforce with high operational skill is essential to operate these machines are expected to hamper the growth
Opportunities:
New and advanced Eco press brakes with user-friendly interfaces has created ease in handling which providing opportunity to the market
Market Leaders and their expansionary development strategies
In March 2023, Meneta Group is pioneering in the international automotive industry by committing to fossil-free steel from SSAB for its global production of components and sealing materials, mainly for the automotive industry. From 2026, Meneta expects initial Scope 3 CO2 reductions of 5,500 to 6,000 tonnes, growing to approximately 60,000 tonnes in subsequent years when its global brake component and sealing and decoupling material productions fully incorporate fossil-free steel from SSAB.
In September 2023, ACCURL launched the eB Ultra, a 100% electric press brake that boasts cutting-edge technology and a userfriendly interface.The eB Ultra is equipped with high-quality transmission components suitable for high loads, ensuring stop accuracy by AC servo motor and ball screw for unequalled ram positioning of up to ±0.001mm. However, the standout feature of the eB Ultra is the IRIS PLUS, a combination guarding system and angle bending system with BendVision technology. This technology is designed to solve the problem of inconsistent bending angles, which is a significant challenge for many customers in the industry.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Strategic Business Planners, Manufacturers, Suppliers and Distributors, Government Regulatory and Research Organizations and End-Use Industries
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.