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The hydraulic press machine market size is forecast to increase by USD 4.38 billion, at a CAGR of 5.78% between 2023 and 2028. The market is experiencing significant growth due to the increase in demand for fabricated metal in various industries, particularly in the automotive sector. This trend is driven by the increasing production of automobiles and the need for lightweight and high-strength components. Another trend influencing the market is the installation of Variable Frequency Drives (VFDs) in hydraulic press machines, which enhances energy efficiency and improves machine performance. Additionally, advances in sheet hydroforming technology are expanding the application areas of hydraulic press machines, enabling the production of complex shapes and designs with high precision. These factors are expected to fuel market growth in the coming years.
Hydraulic press machines are essential machine tools used in various industries for fabricating metal components. They operate based on Pascal's Law, which states that pressure applied to a confined fluid is transmitted undiminished in all directions. The primary components of hydraulic press machines include hydraulic cylinders, slave cylinders, and master cylinders. These machines are used for various applications such as forging, clinching, moulding, blanking, punching, bending, trimming, and assembling. Bramah press and Beckwood press are popular types of hydraulic presses used in industries. The hydraulic presses utilize press plates to apply compressive strength on the workpiece. The market for hydraulic press machines is significant due to their versatility and high productivity.
The machines are used to create complex shapes and components with high precision. The hydraulic system in these machines comprises a hydraulic cylinder that converts hydraulic pressure into mechanical force. The shear stress generated by the hydraulic press is used for various applications such as trimming and punching. Despite their advantages, hydraulic press machines require regular maintenance and repairs. Goods testing is an essential process to ensure the quality of the components produced using these machines. The market for hydraulic press machines is expected to grow due to the increasing demand for machine-driven pedals and the adoption of advanced technologies such as 3D printing equipment to improve the efficiency of the manufacturing process.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
The transportation segment is estimated to witness significant growth during the forecast period. The market encompasses various industries, with a significant focus on machine tools for metal shaping processes. These press machines are utilized for compressive strength applications, such as assembling, flattening, repairs, and goods testing, in industries like automotive and aerospace. The automotive sector employs hydraulic press machines for automobile body pieces production, reducing labor costs and enhancing product versatility. In the aerospace industry, high energy efficiency and precision are crucial, making hydraulic presses an industrial technique of choice. Advancements in technology have led to the integration of Variable Frequency Drives (VFDs) and automated systems, ensuring smooth operations and increased productivity.
The popularity of hydraulic press machines extends to fabricated metals, with applications in bending, trimming, coining, stamping, and embossing. The market is driven by the growing demand for metal stamping in various industries, including automotive and industrialization. The rise in 3D printing technology has not diminished the significance of hydraulic press machines, as they continue to offer advantages in terms of production rates and efficiency.
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The transportation segment accounted for USD 6.54 billion in 2018 and showed a gradual increase during the forecast period.
APAC is estimated to contribute 58% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The market in APAC is experiencing significant growth due to the expanding automotive and machinery sectors. China, India, Japan, South Korea, Thailand, and Indonesia are key contributors to this market's expansion. In India, government initiatives like Skill India and Make in India have created a favorable business environment, attracting manufacturers from developed economies. The region's high demand for automobiles, general machinery, and electronic goods, coupled with low labor costs, availability of raw materials, and rising purchasing power, are driving the market's growth. Hydraulic press machines are essential for various metal shaping processes, including compressive strength testing, assembling, flattening, repairs, and goods testing.
These machines are widely used in industries for bending, trimming, coining, stamping, embossing, and other metal stamping processes. The industrial technique's popularity lies in its versatility, high energy efficiency, and automated systems, such as VFDs and 3D printing technology. The automotive sector, particularly the production of automobile body pieces, is a significant end-user of hydraulic press machines. The aerospace industry also relies on these machines for fabricating steel metals with smooth operations and high productivity and efficiency. The market's growth is further fueled by increasing production rates and the need for smooth operations in industrialization.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
increase in demand for fabricated metal in the automotive sector is the key driver of the market. The global market is experiencing substantial growth, primarily driven by the automotive industry's increasing demand for precision applications in metal shaping, straightening, drawing, riveting, and other processes. Economic advantages, such as changeable speed, pressure accuracy, minimal maintenance, and energy efficiency, make hydraulic press machines an attractive choice for manufacturers. These machines can handle a wide range of metals, including ceramic, and are used in various industries, including general machinery. Programmable systems enable manufacturers to optimize production and reduce noise levels. Micro-economic factors, such as government initiatives promoting cleaner transportation and the use of lightweight materials, are also contributing to the market's growth.
For instance, the European Automobile Manufacturers' Association reported a 22% reduction in average CO2 emissions from 2019 to 2020 by emphasizing lightweight materials like aluminum and high-strength steel. C-Frame and H-Frame hydraulic presses are commonly used for molding, laminating, and other applications due to their strong design and high force capabilities.
Installation of VFDs in hydraulic press machines is the upcoming trend in the market. Over the past three decades, there has been a common belief that the adoption of hydraulic press machines would wane due to the increasing preference for electric press machines. However, this perception has been debunked with the advancements in technology and the integration of electric motors to power hydraulic pumps. These electric motors, which can operate on alternating current and voltage levels ranging from 120V to 600V, have significantly improved the productivity and efficiency of hydraulic press machines. The economic advantages of hydraulic press machines are evident in their ability to handle heavy metal parts with precision applications, such as metal shaping, straightening, drawing, riveting, and forceful pressing.
Changeable speed and pressure accuracy are essential features that contribute to the versatility of these machines, making them suitable for various industries, including the general machinery industry. Moreover, hydraulic press machines offer minimal maintenance requirements, energy efficiency, and low noise levels, making them an attractive option for decision-makers in the micro-economic factors of manufacturing. The availability of programmable systems enables the production of complex metal parts, including molding and laminating, using ceramic materials. Both C-Frame and H-Frame hydraulic presses cater to various force requirements and floor space considerations, further expanding their applicability in diverse industries.
Advances in sheet hydroforming is a key challenge affecting the market growth. Hydraulic press machines are essential tools in the General Machinery industry for shaping and forming metal parts with high precision. These machines offer several economic advantages, including energy efficiency and minimal maintenance. The changeable speed feature allows for flexibility in production, ensuring pressure accuracy and optimal force application for various metal shaping processes such as bending, straightening, drawing, riveting, molding, and laminating. Precision applications, particularly in the manufacturing of ceramic and other brittle materials, benefit significantly from the pressure accuracy and force control offered by hydraulic presses. Two common types of hydraulic presses are C-Frame and H-Frame designs, which cater to different floor space requirements and specific metal forming needs.
Programmable systems enable automation and reduce the need for manual intervention, increasing productivity and reducing noise levels. However, the initial investment in these advanced systems may be higher compared to traditional hydraulic presses. Micro-economic factors, including energy consumption and decision-makers' preferences, influence the adoption of hydraulic press machines in various industries. While energy consumption is a concern, the energy efficiency of modern hydraulic presses offsets this cost through increased productivity and reduced downtime. In conclusion, hydraulic press machines offer numerous advantages in metal forming applications, including precision, changeable speed, pressure accuracy, minimal maintenance, and energy efficiency. The choice between C-Frame and H-Frame designs depends on specific production requirements and floor space constraints.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Andritz AG - The company specializes in providing hydraulic press machines catering to various applications. These include models for general-purpose use, as well as specialized forming and hot forming processes.
The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Hydraulic press machines are essential industrial equipment used for various metal forming processes such as forging, clinching, moulding, blanking, punching, deep drawing, and metal forming. These machines operate based on Pascal's Law, which states that pressure applied to a confined fluid is transmitted undiminished in all directions. The primary components of hydraulic press machines include hydraulic cylinders, slave cylinders, and master cylinders. Brands like Bramah Press, Beckwood Press, Schuler Group, Worcester Presses, Yoshizuka Seiki, Sutherland, Macrodyne, Osterwalder, Dake, and others dominate the hydraulic presses market. These machines are widely used in fabricated metal industries for various applications, including thermoplastics and composites.
The market for hydraulic press machines is driven by factors such as mining activities, brick moulding equipment, and the increasing demand for carbon fiber moulding. However, there are concerns regarding the environmental impact of hydraulic press machines due to their high GHG emissions. To mitigate this, energy-saving measures and the adoption of renewable energy sources are becoming essential. Moreover, the emergence of 3D printing equipment is posing a threat to the hydraulic press machines market. However, hydraulic press machines continue to dominate in applications where high-pressure and precision are required. Hydraulic press machines are also used in various industries such as automotive, aerospace, and construction.
Market Scope |
|
Report Coverage |
Details |
Page number |
174 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.78% |
Market growth 2024-2028 |
USD 4.38 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
4.34 |
Regional analysis |
APAC, Europe, North America, Middle East and Africa, and South America |
Performing market contribution |
APAC at 58% |
Key countries |
US, China, Japan, Germany, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Andritz AG, Betenbender Manufacturing Inc., Doerfer Companies, DORST Technologies GmbH and Co. KG, French Oil Mill Machinery Co., Hefei Metalforming Intelligent Manufacturing Co. Ltd, Japan Automatic Machine Co. Ltd., Amino North America Corp., Asai Corp., Beckwood Press, DEES Hydraulic Industrial Co. Ltd., Enerpac Tool Group Corp., Greenerd Press and Machine Co. Inc., Kojima Iron Works Co. Ltd., Komatsu Ltd., Laguna Tools Inc., LASCO Umformtechnik GmbH, Nantong Metalforming Equipment Co. Ltd., Pacific Press Technologies, and Yangli Group Corporation Ltd. |
Market dynamics |
Parent market analysis, market growth inducers and obstacles, market forecast, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, market condition analysis for the forecast period |
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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