About Digital Servo Press
A digital servo press includes signal amplifiers, active motor cooling, as well as the controller with dedicated software in order to provide true closed-loop control of both force and position. Increasing of automotive and electronics fields expenditures is expected to be among the major growth drivers for the market over the forecast period. The market for the digital servo press is expected to register a CAGR of over 6.2% during the forecast period.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The market is fragmented with numerous players focusing on technique and quality of the product due to which the global digital servo press market can witness an upsurge in the forecast period. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Digital Servo Press market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
EC Infosolutions Pvt. Ltd. (China), Dai-ichi Dentsu Ltd. (China), Hoden Seimitsu Kako Kenkyusho Co., Ltd. (Japan), Amada Machine Tools Co., Ltd. (Japan), Promess Incorporated (United States), Sanyo Machine Works Ltd (Japan), C&M Robotics Co, .Ltd. (China), Stamtec, Inc. (United States), Komatsu America Industries LLC (United States) and Coretec, Inc., (Canada) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Janome Industrial Equipment (United States).
Segmentation Overview
AMA Research has segmented the market of Global Digital Servo Press market by Type (Less than 100KN, 100KN-200KN and More than 200KN), Application (Automotive, Motor and Electronic Industry, Aerospace and Medical Equipment Industry and Others) and Region.
On the basis of geography, the market of Digital Servo 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). If we see Market by Motor Type, the sub-segment i.e. Positional Rotation will boost the Digital Servo Press market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Launches in Introducing New Products and Retrofitting & Renovation of Old Technology
Market Growth Drivers:
Increasing Technology Breakthrough for Digital Servo Press and Rising Adoption of Digital Servo Press in Developing Countries
Challenges:
High Initial Costs and Need for Experts in the Manufacturing Process
Restraints:
Risk and Uncertainty in the Market and Lack of Skilled Workforce and Trained Workers
Opportunities:
Growing Demand from Emerging Economics such as India, China, and others
Market Leaders and their expansionary development strategies
In July 2023, Eaton and Danobat collaborated to develop a new line of high-performance servo presses for the automotive industry. This partnership combines Eaton's hydraulic expertise with Danobat's machine tool know-how, resulting in powerful and efficient presses for automotive forging applications.
In October 2023, Schuler Group unveiled a new line of high-speed presses for open-die forging, targeted at the aerospace and energy sectors. These presses boast improved speed, precision, and energy efficiency, catering to the demanding needs of these industries.
Key Target Audience
Manufacturers of Digital Servo Press, Research and Development (R&D) Companies, Research Organization, Federal Agencies 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.