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Press Brakes Market Trends

Report ID: GMI12335
Published Date: Nov 2024
Report Format: PDF

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Press Brakes Market Trends

Manufacturers are increasingly integrating CNC (computer numerical control) and automation technologies into press brakes to enhance precision, efficiency, and flexibility. CNC-enabled press brakes allow for advanced programming capabilities, which facilitate faster and more accurate complex bending processes. This trend is particularly significant in industries such as automotive and aerospace, where precision is critical. By adopting these technologies, manufacturers can substantially reduce production times and costs, thereby improving overall operational efficiency.

Traditional hydraulic and mechanical press brakes are gradually being supplemented or replaced by electric and hybrid models. The adoption of electric press brakes is especially pronounced in regions with stringent environmental regulations, as they support greener operations and contribute to environmental sustainability.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of press brakes reached USD 557.3 million in 2023 and is set to grow at a 5.6% CAGR from 2024 to 2032, driven by the expansion of manufacturing and metalworking industries.

The indirect segment accounted for 61.2% of the total market share in 2023 and is expected to witness 5.5% CAGR over the forecasted years, benefiting from an extensive network of distributors, dealers, and online platforms.

The U.S. market accounted for 75.4% share in 2023 and is expected to expand at a 5.5% CAGR during the forecast period, led by its robust industrial base and rapid adoption of advanced manufacturing technologies.

The key players in the industry include Accurpress, Amada, Baykal, Bystronic, Cincinnati, Durma, ERMAKSAN, Haco, LVD, MVD Inan, Prima Power, SafanDarley, Salvagnini, TRUMPF, and Yawei.