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Automotive Press Machine Market Trends

  • Report ID: GMI12584
  • Published Date: Dec 2024
  • Report Format: PDF

Automotive Press Machine Market Trends

One of the most prominent trends in the automotive press machine industry is the growing shift toward electric vehicles (EVs). As automakers invest more heavily in EV production, the need for specialized press machines to produce new components—such as battery enclosures, lightweight chassis, and electric drivetrains—has surged. These vehicles require different materials like aluminum and high-strength steels, demanding press machines capable of handling these materials efficiently.
 

Furthermore, the rise of hybrid and alternative fuel vehicles is also influencing the types of press machines needed, with a stronger emphasis on forming technologies suited to lightweight and durable components. The rise of servo presses is another key trend in the automotive press machine industry. Servo presses combine the benefits of mechanical presses with the flexibility and precision of electric drives, offering greater control over the pressing process. These presses are becoming more popular in the automotive industry due to their higher energy efficiency, improved accuracy, and ability to handle complex parts.

Authors: Avinash Singh , Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of automotive press machine reached USD 4.7 billion in 2023 and is set to grow at a 5.2% CAGR from 2024 to 2032, driven by advancements in automotive production processes and technology.

The mechanical press segment accounted for around USD 1.7 billion in 2023 and is estimated to grow at a 3.1% CAGR from 2024 to 2032, led by its widespread use in high-speed, high-volume production of automotive parts.

The U.S. market accounted for 82% of the revenue share in 2023, propelled by the growing demand for electric vehicles requiring specialized parts made from advanced materials.

The key players in the industry include AIDA, Baileigh, Beckwood Press, Komatsu, LASCO Engineering Services, Mile-X Equipment, Milwaukee Slide and Spindle, Nidec Minster, Pacific Press Technologies, Schuler, StrikoWestofen, Toyota Press, Unison, Verson, and Yushin.

Automotive Press Machine Market Scope

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Premium Report Details

  • Base Year: 2024
  • Companies covered: 15
  • Tables & Figures: 180
  • Countries covered: 18
  • Pages: 220
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