Global Press Machine Market 2017-2021

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Overview of the global press machine market

Technavio’s market research report predicts that the global press machine market will grow at a CAGR of above 4% during the forecast period. The rising demand for fabricated metal products is one of the primary drivers for market growth. Press machines are one of the most vital metal fabrication equipment utilized for predetermined bends for many applications. Fabricated metals are used in automotive, transport machinery, stamped metal products, ammunition, small arms, cutlery and utensils, fasteners, building products, building machinery, and other metal-based hardware products. These metals are made using machine tools like press brakes. The growth of the major end-user industries such the construction and transportation machinery sectors that demands the need for fabricated metals, will subsequently drive the growth of the press machines market.

One of the key trends that will gain traction in the global press machine market is the growing adoption of automation solutions. With the rising demand for better quality products due to globalization and an increase in population, companies are increasingly focusing on adopting automation in manufacturing. The implementation of automation will reduce operating costs and increase productivity. Several small and mid-scale industries have already started using NC and CNC machines that operate on programmed commands and computers. This will help companies boost productivity and deliver improved quality products in less time and human effort.

Competitive analysis and key vendors

The press machine market is fragmented with the presence of many players. The vendor competition in the market is based on the factors such as quality, features, functionalities, and services. With the introduction of products that include new features and technologies, the level of competiton among the market players will intensify in the coming years.

Key vendors in the market are:

• AMADA
• Anyang Forging Press Machinery Industry
• Bystronic
• Schuler
• TRUMPF

Other prominent vendors include Accurl, Ajax CECO, Baileigh Industrial, Betenbender Manufacturing, Cincinnati, Eagle Bending Machines, EHRT/International Technologies, ERIE Press Systems, ERMAKSAN, Gasparini, HACO, Hindustan Hydraulics, Imac Italia, Jayson machines, Ketec Precision Tooling, Komatsu, Lazer Safe Pty Ltd, LVD Company, MetalForming, Salvagnini America, Santec Group, Sumitomo Heavy Industries, Siempelkamp Maschinen- und Anlagenbau.

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Segmentation by product-type and analysis of the press machine market

• Forging press
• Press brakes

During 2016, the forging press segment dominated the press machine market and according to this market research and analysis, the segment will continue its market dominance over the next four years as well. This is mainly due to the strong demand from end-user sectors such as automotive, aerospace, and oil and gas industries. Additionally, the growing investments in the defense sector by countries across the world that increases the demand for forged components will also fuel the segment’s grwoth prospects.

Geographical segmentation and analysis of the press machine market

• Americas
• APAC
• EMEA

In terms of geography, APAC accounted for the majority shares of the press machine market during 2016 and the region will continue its dominance throughout the forecast period. Factors such as the favorable business landscape, administrative setup, attractive foreign policies, and the availability of low-cost and skilled workforce, drive the growth of the manufacturing industries in this region. Additionally, the high demand for press brakes in the automotive sector will also contribute to the market’s growth in this region.

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Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global press machine market?
• What are the key market trends impacting the growth of the global press machine market?
• What are the challenges to market growth?
• Who are the key vendors in the global press machine market?
• What are the market opportunities and threats faced by the vendors in the global press machine market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global press machine market?

Technavio also offers customization on reports based on specific client requirement.

A press machine is vital to the industrial manufacturing process, which provides energy by applying a force and acts over a stroke. This upcoming report is an indispensable part of the heavy industry segment and offers a rigorous analysis of upcoming sectors like construction and unit operations. Furthermore, to help clients acquire a competitive advantage over their competitors, Technavio also provides information on features such as the transference in customer preferences and the demand-supply shifts in the heavy industry market space, Technavio’s reports also exhibits valuable knowledge on all the suppliers who hold substantial shares in the heavy industry.

To accurately forecast the heavy industry’s growth chances, our team of market research specialists adhere to a comprehensive research approach of qualitative and quantitative techniques and also carry out a profound analysis of the compound factors, including technological advancements and the demand for different products and services across the globe. To help clients postulate new policies for growth, our upcoming industry research report on the global press machine market for the forecasted years of 2017 to 2021 offers executable plans perceived from the data sourced from market informants like manufacturers, suppliers, regulatory bodies, and decision makers. Technavio also provides modified reports, which will help regional vendors and players aiming niche customer segments substantiate their presence in the heavy industry segment.

This upcoming industry research report on the global press machine market also contemplates the growth of related markets such as grinding machinery, which is expected to grow at a CAGR of close to 4% by 2021. The upcoming industry research report for the global press machine market also enlists the market drivers, trends, and the challenges currently encountered by the industry and also presents insights into test and measurement sectors.