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The Press Brakes Market size is estimated to grow at a CAGR of 5.23% between 2022 and 2027 and the size of the market is forecast to increase by USD 520.8 million. The market's growth is influenced by various factors, including the rising demand for CNC press brakes, the increasing popularity of SUVs and pick-up trucks, and the growing market for fabricated metal products.
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). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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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.
Global Press Brakes Market Customer Landscape
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. Although there has been a disruption in the growth of the market during the COVID-19 pandemic, a holistic analysis of drivers, trends, and challenges will help companies refine marketing strategies to gain a competitive advantage.
The increase in demand for CNC press brakes is driving growth in a major press brakes market. A computer numerically controlled (CNC) press brake is a machine programmed to bend sheet metal from just a few millimetres in diameter to sections several meters long, depending on your requirements. A CNC press brake may have a fixed bottom, or it is made of an up-drafting machine with the lower beam aligned and the downward bent moving. CNC press brakes are less labour-intensive and easy to operate.
Moreover, factors such as the type of material, length of the flange, degree of bend, and amount of thickness can be directly entered into the CNC control unit. The CNC press brake has a user interface that facilitates the operator's control of this machine in either English or any other appropriate language. The performance and accuracy of the products produced by this machine will be improved through the use of CNC technology. With the increase in demand for CNC press brakes, the global press brakes market is expected to register growth during the forecast period. Therefore, the increase in demand for CNC press brakes is expected to drive the growth of the global press brakes market during the forecast period.
The development of robotic arms for press brakes is a primary trend in the press brakes market. Robotic arms are playing a role in the rolling process of these machines. They make it easier for enterprises to maintain consistency in the finished product, as well as ensure worker safety. Many accidents caused by press brakes are reported every year. In a press brake with robotic arms, an operator places a sheet pallet in the feeding area at a specific point inside the press brake system. Press brake software placed inside the arms is designed to enable press brake machines to make a broad variety of ready programs, enabling them to roll sheets.
However, press brake software supports the modification of products or production processes and eliminates the need for advanced programming knowledge. In order to reduce the number of operators on a single machine, robotic arms have been used. Robots reduce human intervention and the danger of accidents, as they are capable of dealing with all operations carried out by operators. The demand for press brakes is anticipated to increase over the forecast period, due to the development of robotics arms used with press brakes. Therefore, the development of robotic arms for press brakes is expected to positively impact the growth of the global press brakes market during the forecast period.
The increasing number of injuries caused by press brakes is a major challenge faced by the press brakes market. In many sectors, press brakes play a critical role in the manufacture of vehicles and transport equipment. Press brakes are essentially utilized to produce quality materials, within the relevant time limits, for these sectors. These machines press and bend the material that is used to make plates and sheets. They form pre-programmed bends between the die and the punch. These machines, however, have the potential to cause serious injuries to workers.
The reckless behaviour of employees or the absence of adequate safety measures introduced by the company are factors that lead to increased injuries as a result of press breaks. It is further expected to encourage employers to opt for substitutes for these machines, which in turn is expected to negatively impact the demand for press brakes during the forecast period. Therefore, the increasing number of injuries caused by press brakes challenges the growth of the global press brakes market during the forecast period.
Vendors 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 vendors, including:
Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies vendors into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Vendors are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The automotive industry segment will account for a major share of the market's growth during the forecast period. The market for press brakes 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. Press brakes 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 for press brakes is expected to increase during the forecast period.
Based on product, the market has been segmented into hydraulic, hybrid, Servo-electric, and others. Hydraulic press brakes are the most commonly used press brakes. For continuous industrial production and specific sheet metal work, such as automated cell parts or single-cycle operations, they are designed. These press brakes 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 press brakes 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 press brake 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 press brakes market during the forecast period.
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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.
APAC is one of the fastest-growing economies worldwide, mainly led by China, India, Thailand, Indonesia, and South Korea. Per capita income in the region increased significantly between 2016 and 2019, owing to rapid economic growth. In Indonesia and Thailand, the resulting increase in purchasing power of consumers has also led to a positive impact on car sales. Most countries in the region have been spending on infrastructural and industrial development because of rapid economic growth. As a result, the demand for commercial vehicles has increased.
The outbreak of COVID-19 negatively impacted the press brakes market. However, the large scales vaccination drives that were initiated already across the region in the first half of 2021 helped to stabilize the situation. This has led to the resumption of operations by all industrial and manufacturing units. Rapid development and urbanization in the region are expected to lead to increased demand for machines such as tractors, while press brakes should also be required over the forecast period. Therefore, the press brakes market is expected to witness growth in the region during the forecast period.
The press brakes 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.
Press Brakes 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 Vendors, Market Positioning of Vendors, 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 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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