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Press Machine Market Trends

Report ID: GMI10417
Published Date: Jul 2024
Report Format: PDF

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Press Machine Market Trends

Global press machine industry is also expanding due to the rising focus on electric vehicles and incorporation of lightweight materials. The transition to electric vehicles and the adoption of lightweight materials such as aluminum and composites in automotive manufacturing are opening new avenues for press machines. These materials necessitate precise forming and stamping processes, leading to increased demand for advanced press technologies capable of effectively handling them. Furthermore, expansion in the aerospace and defense sectors, fueled by rising air travel needs and defense expenditures, offers opportunities for press machines.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size press machine accounted for revenue of around USD 13.5 Billion in 2023 and is anticipated to record a 5.7% CAGR from 2024 to 2032, driven by a surge in urbanization and infrastructure projects.

The mechanical press machine segment accounts for revenue of around USD 4.9 Billion in the year 2023 and is expected to reach USD 6.6 Billion by 2032, owing to its ability to operate at high speeds makes them ideal for tasks requiring rapid cycling and high-volume production.

Asia Pacific press machine market held a revenue share of around 42% in 2023 and is predicted to grow over 5% during 2024-2032, driven by industrialization and significant growth in the manufacturing sectors.

AIDA, AMADA PRESS SYSTEM CO., LTD, Beckwood Press, Bliss-Bret, BRUDERER AG, Isgec Heavy Engineering Ltd., Komatsu Ltd, Macrodyne Technologies Inc., Nidec Minster, Schuler Group among others.