Press Brakes Market Analysis APAC,Europe,North America,South America,Middle East and Africa - US,China,Japan,India,Germany - Size and Forecast 2023-2027

Press Brakes Market Forecast 2023-2027

The Press Brakes Market size is forecast to increase by USD 520.8 million at a CAGR of 5.23% between 2022 and 2027. The market is experiencing significant growth, driven by several factors. Firstly, there's a rising demand for CNC press brakes, fueled by their precision and efficiency in metal fabrication processes. Additionally, the increasing popularity of SUVs and pick-up trucks is boosting the demand for press brakes in automotive manufacturing, particularly for chassis and body panels. Furthermore, the growing market for fabricated metal products across various industries is further driving the adoption of press brakes worldwide. These trends collectively contribute to the expanding market for press brakes on a global scale. This market research and growth report also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the size of the Press Brakes Market During the Forecast Period?

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Customer Landscape

Our analysis of the adoption life cycle of the market indicates its movement between the innovator’s stage and the laggard’s stage. The report illustrates the lifecycle of the market, focusing on the adoption rates of the major countries. Technavio has included key purchase criteria, adoption rates, adoption lifecycles, and drivers of price sensitivity to help companies evaluate and develop growth strategies from 2022 to 2027. 

Customer Landscape

Market Dynamics and Customer Landscape

The market encompasses various applications in the building and automobile industries, involving Electric, Hydraulic, and Metallic fabrication processes. These machines are essential for forming Angles, Bends, and Forms in Sheet Steel with high Precision and Efficiency. Pressure parameters are crucial in determining the Tonnage and Back gauge position required for specific Metalworking applications. Advanced press brakes employ Computer Numerical Control (CNC) systems, Servo hydraulic mechanisms, and Bending software programs to ensure Accuracy, Repeatability, and High precision, High efficiency production. Environmental protection and Energy saving are increasingly important considerations in the market, with manufacturers focusing on advanced Servo hydraulic systems to reduce waste and minimize emissions. The market is driven by the growing demand for Metallic fabrication in various industries, including construction and automotive manufacturing. The need for precise and efficient metalworking solutions continues to fuel market growth, with ongoing advancements in technology and manufacturing processes further enhancing the market's potential. Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market.

Key Market Driver

The increase in demand for CNC press brakes is driving growth in a major market. They are metallic fabrication machines used for shaping sheet steel into desired angles, bends, and forms. They come in two types: electric and hydraulic. Modern press brakes, equipped with Computer Numerical Control (CNC) and servo hydraulic mechanisms, offer high precision and efficiency. These machines can create complex shapes and forms in various industries, including building and construction, automobile manufacturing, and aerospace. Operators can control parameters such as pressure, back gauge position, and tonnage to manufacture products quickly and accurately. Advanced press brakes feature real-time monitoring, data analytics, and energy-saving servo hydraulic systems with speed control and electricity consumption optimization. These innovations enhance the overall performance, accuracy, repeatability, and environmental protection of press brakes in metalworking applications.

Significant Market Trends

The development of robotic arms for press brakes is a primary trend in the market. In the realm of metallic fabrication, press brakes play a pivotal role in shaping sheet steel into desired angles, bends, and forms for various industries. They come in two primary types, electric and hydraulic. These machines are integral to metalworking applications in sectors like building, automobile, and aerospace. Modern ones are equipped with advanced features such as Computer Numerical Control (CNC), servo hydraulic mechanisms, and bending software programs. These technologies ensure high precision, repeatability, and efficiency in metal bending. Press brakes can handle different tonnages and are fitted with sensors to monitor critical parameters like back gauge position and pressure. Real-time monitoring and data analytics enable operators to optimize machine performance and prevent potential issues. Connected ones facilitate the transmission of data over the internet, allowing for environmental protection, energy saving, and high precision, high efficiency servo hydraulic systems. Speed control and electricity consumption are also optimized, contributing to the overall productivity and profitability of metal fabrication processes.

Major Market Challenge

The increasing number of injuries caused by press brakes is a major challenge faced by the market. They are essential tools in metallic fabrication industries, including automotive and transportation, for producing high-quality sheet steel components with precision bends. These machines apply pressure to form angles and shapes by pressing the material between a die and a punch. They come in two main types, hydraulic and electric. Modern press brakes incorporate advanced features like Computer Numerical Control (CNC), servo hydraulic mechanisms, and bending software programs for improved accuracy, repeatability, and efficiency. These machines are used extensively in building, automobile manufacturing, aerospace, and construction industries. Operators must adhere to specific parameters, such as back gauge position and tonnage, to ensure optimal performance. Advanced press brakes offer environmental protection, energy saving, high precision, and high efficiency through servo hydraulic systems and speed control. Electricity consumption is minimized in electric press brakes, while connected press brakes enable real-time monitoring and data analytics for enhanced automation in metalworking applications. Metal additives and metal bending processes further expand the capabilities of these machines.

Market Segmentation

This report extensively covers market segmentation by application (automotive industry, general machinery, transportation equipment, precision engineering, and others), product (hydraulic, hybrid, servo-electric, and others), and geography (APAC, Europe, North America, South America, and the Middle East and Africa). The market in metal fabrication, particularly in the automotive industry, is projected to expand due to escalating demand for passenger and commercial vehicles. Urbanization and rising disposable income in emerging economies, including Brazil, India, China, South Africa, UAE, Qatar, and Saudi Arabia, are primary drivers of this trend. In the automobile sector, precision bending of sheet steel is essential for producing angles, bends, and forms for building passenger and commercial vehicles.

Modern press brakes employ advanced technologies such as Computer Numerical Control (CNC), servo hydraulic mechanisms, and bending software programs to ensure accuracy, repeatability, and efficiency. They can be electric or hydraulic, with tonnage ranging from light to heavy. Advanced features include back gauge positioning, pressure control, speed control, energy saving, and environmental protection. They find extensive applications in aerospace, construction, and metal additives industries, requiring high precision and high efficiency servo hydraulic systems. Real-time monitoring, data analytics, and automation are increasingly integrated into connected press brakes to optimize performance and electricity consumption.

By Application

The automotive industry segment will account for a major share of the market's growth during the forecast period. The market in the automotive industry is expected to grow owing to increased demand for passenger and commercial vehicles during the forecast period. Due to urbanization, which is growing at a rapid rate, the demand for passenger cars is increasing. In these countries, this is leading to increased demand for passenger cars.

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The automotive industry segment was valued at USD 601.17 million in 2017 and continued to grow until 2021. They are used in the automotive industry primarily as a machine tool for fabricating large panels of vehicles. The use of press brakes is increasing in the automotive sector, owing to their high efficiency and ability to operate between one hydraulic cycle and an automated process. Hence, with the growth of the automotive industry, the demand is expected to increase during the forecast period. 

Product Segment Analysis:

Based on product, the market has been segmented into hydraulic, hybrid, Servo-electric, and others. Hydraulic press brakes are the most commonly used ones. For continuous industrial production and specific sheet metal work, such as automated cell parts or single-cycle operations, they are designed. They are powered by two synchronized hydraulic cylinders, which makes them safer and less costly than a mechanical press brake. They offer advantages such as quick retraction, variable speed control, and the capability to reverse the stroke at any time. The hydraulic press brake is secure and reduces the risk of injuries to workers. As hydraulic press brakes have higher energy efficiency than mechanical press brakes, they reduce operational costs. The benefits of hydraulic ones are expected to have a positive impact on demand during the forecast period. 

The hybrid press brake is a new generation of press brakes. It's got an AC servo motor as well as a series of different speed pumps. It's fast, accurate, conserve energy and it's environmentally friendly. Without losing speed or production capacity, an estimated energy saving of nearly 60% can be achieved through the use of combined press brakes.  The production equipment performance and requirements of various end-user manufacturers have continuously improved due to the continuous improvement in product requirements. The hybrid one is considered important production equipment in the forging and sheet metal industries owing to its updated and developed features. A hybrid press brake with high efficiency, energy saving, automation, and unhampered service offers superior performance. The Hybrid segment is expected to witness growth in the global market during the forecast period.

Regional Analysis

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APAC is estimated to contribute 39% to the growth by 2027. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period.  

In the Asia Pacific (APAC) region, the manufacturing process has experienced significant advancements, integrating robot systems and improved material handling. Tool changing and bending sequences have become more efficient, ensuring work safety for human operators. The industry's growth is marked by the increasing demand for heavy-duty press brakes to handle substantial materials. Repetitive tasks are being automated, and the industry responds by investing in advanced bending tools and tooling technologies. The power source for these systems varies, with electricity and hydraulics being common choices. The APAC automotive industry's expansion, driven by economic growth in countries like China, India, and Japan, fuels the demand for the market.

Who are the Major Market Companies?

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.

Accurl CNC Machine Anhui Manufactory Co. Ltd. - The company offers press-brakes such as the euro pro series and the genius plus series.

Accurpress Product Sales - The company offers press-brakes such as accurpress header HT, AP Accell E V2, and AP accell U V2.

We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:

• ADIRA METAL FORMING SOLUTIONS S.A.
• AMADA Co. Ltd.
• ATM Deutschland Maschinen u. Werkzeuge Vertriebs GmbH
• Betenbender Manufacturing Inc.
• CINCINNATI Inc.
• Durmazlar Makina AS
• EUROMAC Spa
• Gasparini Industries Srl
• Haco NV
• JPW Industries Inc.
• Lodesani and Carreri Srl
• LVD Co. nv
• Mitsubishi Corp
• Prada Nargesa SL
• SafanDarley BV
• Salvagnini Italia Spa
• TRUMPF SE Co. KG
• Hindustan Hydraulics Pvt. Ltd.

Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.  

Market Analyst Overview

Press brakes are essential machinery in metalworking industries for shaping and bending metal sheets accurately and efficiently. The market is significant, with various applications in sectors like automotive, construction, and manufacturing. The demand is driven by factors such as increasing industrialization, growing infrastructure development, and the need for precision in metal fabrication. Press brakes come in various sizes and capacities, catering to different industries and applications. They are used to form complex shapes and contours in metal sheets, making them indispensable in industries like automotive, where precision and durability are crucial. The market is expected to grow steadily due to the increasing demand for metal fabrication in various industries. In the market, the operator utilizes punch and die set to shape heavy substances according to industry needs, with advanced press brake and connected press brake offering real time monitoring capabilities.

The trend towards automation and the adoption of advanced technologies like CNC press brakes are also expected to drive market growth. They are an essential investment for businesses in the metalworking industry, providing them with the capability to produce high-quality metal products efficiently and cost-effectively. The market is competitive, with several key players offering a range of products to cater to different industry requirements. In conclusion, the market is significant and growing, driven by the increasing demand for metal fabrication in various industries and the trend towards automation and advanced technologies. They are an essential investment for businesses in the metalworking industry, providing them with the capability to produce high-quality metal products efficiently and cost-effectively.

Segment Overview

The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

• Application Outlook 
  • Automotive industry
  • General Machinery
  • Transportation equipment
  • Precision Engineering
  • Others

• Product Outlook 
  • Hydraulic
  • Hybrid
  • Servo-electric
  • Others

• Region Outlook 
  • North America
    • The U.S.
    • Canada
  • Europe
    • The U.K.
    • Germany
    • France
    • Rest of Europe
  • APAC
    • China
    • India
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Rest of the Middle East & Africa
  • South America
    • Chile
    • Argentina
    • Brazil

Market Scope
Report Coverage	Details
Page number	178
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 5.23%
Market growth 2023-2027	USD 520.8 million
Market structure	Fragmented
YoY growth 2022-2023(%)	4.79
Regional analysis	APAC, Europe, North America, South America, and Middle East and Africa
Performing market contribution	APAC at 39%
Key countries	US, China, Japan, India, and Germany
Competitive landscape	Leading companies, Market Positioning of companies, Competitive Strategies, and Industry Risks
Key companies profiled	Accurl CNC Machine Anhui Manufactory Co. Ltd., Accurpress Product Sales, ADIRA METAL FORMING SOLUTIONS S.A., AMADA Co. Ltd., ATM Deutschland Maschinen u. Werkzeuge Vertriebs GmbH, Betenbender Manufacturing Inc., CINCINNATI Inc., Durmazlar Makina AS, EUROMAC Spa, Gasparini Industries Srl, Haco NV, JPW Industries Inc., Lodesani and Carreri Srl, LVD Co. nv, Mitsubishi Corp, Prada Nargesa SL, SafanDarley BV, Salvagnini Italia Spa, TRUMPF SE Co. KG, and Hindustan Hydraulics Pvt. Ltd.
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, and 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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What are the Key Data Covered in this Market Research Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the market growth and forecasting between 2023 and 2027
• Precise estimation of the market size and its contribution to the market in focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Market growth analysis across APAC, Europe, North America, South America, and the Middle East and Africa
• A thorough analysis of the market’s competitive landscape and detailed information about companies
• Market forecasting of factors that will challenge the growth of the key market companies

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