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The hydraulic press machine market share is expected to increase by USD 1.07 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 1.62%.
This hydraulic press machine market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers hydraulic press machine market segmentations by end user (transportation, general machinery, and others) and geography (APAC, Europe, North America, MEA, and South America). The hydraulic press machine market report also offers information on several market vendors, including Amino North America Corp., Andritz AG, Asai Corp., Beckwood Press, Betenbender Manufacturing Inc., DEES Hydraulic Industrial Co. Ltd., Doerfer Companies, Greenerd Press and Machine Co. Inc., Nantong Metalforming Equipment Co. Ltd., and Yangli Group Corporation Ltd. among others.
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The surge in demand for fabricated metal in automotive sector is notably driving the hydraulic press machine market growth, although factors such as advances in sheet hydroforming may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the hydraulic press machine industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Hydraulic Press Machine Market Driver
The surge in demand for fabricated metal in automotive sector is a major factor driving the global hydraulic press machine market share growth. In the automotive industry, fabrication is an important process in the manufacturing of the body and parts for a hydraulic press machine. The market for hydraulic press machines in the automotive sector is expected to be driven by the growing demand for SUVs and commercial vehicles globally. The US, India, Japan, Russia, and China cumulatively accounted for 67.84% of the global SUV sales in 2018. Hydraulic machines are quite versatile since different shapes and sizes of components used in these vehicles can be fabricated using various types of dies. The incorporation of automation mechanisms with hydraulic presses leads to a reduction of labor costs as well as an increase in production. Therefore, such factors will lead to the growth of the market during the forecast period.
Key Hydraulic Press Machine Market Trend
The development of hydraulic press machines with user-friendly interfaces is another factor supporting the global hydraulic press machine market share growth. Traditional press machines are quite tedious to operate, and only those with expertise can operate them efficiently. The new interfaces have not only increased the operational efficiency of the manufacturing process but also improved the safety of the operators. With the help of these interfaces, manufacturers can also reduce the cost and time associated with training operators. ABB has developed an advanced technological software named BendWizard, which helps in providing the benefits of automation to companies using metal fabrication machinery, including hydraulic press machines. BendWizard provides a unique software tool for programming the production cell. It also offers high levels of integration between presses and robots, which makes it highly suitable for the offline programming of a new, fully integrated machine. Essentially, the development of hydraulic press machines with user-friendly interfaces is expected to have a positive impact on the growth of the global hydraulic press machine market during the forecast period.
Key Hydraulic Press Machine Market Challenge
The advances in sheet hydroforming will be a major challenge for the global hydraulic press machine market during the forecast period. Hydraulic press machines are used to carve out bends at just about any angle in a metallic sheet using a matching punch-and-die set. In the case of forming multiple bends, it becomes necessary to change the set of matched tools frequently. This leads to lower production output as changing the die sets takes up extra time. Also, extra time is needed for the operator to check the angle with every bend, which depends on the expertise of the operator. The problem of adjusting the angle of die sets every time can be eliminated by using Triform sheet hydroforming presses, which can produce the same bends and angles in a single stroke. Moreover, the use of this machine also requires very little operator training. The minimal time taken for operation and tooling, along with its repeatability, makes sheet hydroforming extremely fast and robust. Due to such reasons, the market growth will be hindered during the forecast period.
This hydraulic press machine market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Technavio categorizes the global hydraulic press machine market as part of the global industrial machinery market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the hydraulic press machine market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the hydraulic press machine market encompasses successful business strategies deployed by the key vendors. The hydraulic press machine market is fragmented and the vendors are deploying growth strategies such as organic and inorganic growth stratgies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The hydraulic press machine market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the hydraulic press machine market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of global industrial machinery market includes the following core components:
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
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79% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for hydraulic press machine market in APAC. Market growth in this region will be faster than the growth of the market in all other regions.
The growth in the general machinery and automotive segments will facilitate the hydraulic press machine market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In 2020, the COVID-19 pandemic led to the temporary closure of machinery markets to control the spread of COVID-19. The pandemic adversely affected various operations in industries such as transportation and automotive. For instance, in India, the COVID-19 pandemic hindered access to the labor force in the transportation industry because of movement limitations imposed to curb the spread of COVID-19. However, many countries in the region initiated vaccination drives and have started to remove restrictions across the region, allowing establishments plants, companies, and others to reopen and also, the pandemic has driven the demand for connected cars globally due to a change in the car-buyer behavior and attitude of consumers.
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The hydraulic press machine market share growth by the transportation segment will be significant during the forecast period. The transportation segment includes the automotive, shipping, and railway sectors, wherein, the shipbuilding industry is expected to increase the demand for metal forming manufacturing machines, including hydraulic press brake machines. This will, in turn, drive the overall demand for hydraulic press machines.
This report provides an accurate prediction of the contribution of all the segments to the growth of the hydraulic press machine market size and actionable market insights on post COVID-19 impact on each segment.
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Hydraulic Press Machine Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 1.62% |
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Market growth 2021-2025 |
$ 1.07 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
0.97 |
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Regional analysis |
APAC, Europe, North America, MEA, and South America |
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Performing market contribution |
APAC at 79% |
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Key consumer countries |
China, Japan, Germany, US, and UK |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
Amino North America Corp., Andritz AG, Asai Corp., Beckwood Press, Betenbender Manufacturing Inc., DEES Hydraulic Industrial Co. Ltd., Doerfer Companies, Greenerd Press and Machine Co. Inc., Nantong Metalforming Equipment Co. Ltd., and Yangli Group Corporation Ltd. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our 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 Five Forces Analysis
5 Market Segmentation by End-user
6 Customer landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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