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Power Press Machines Market

Power Press Machines Market

Power Press Machines Market Analysis By Machine Type (Servo (Electric) Power Press Machines, Mechanical (Electric) Power Press Machines, Hydraulic Power Press Machines, Hybrid Power Press Machines) By Capacity, End-Use Industry & By Region – Global Market Insights 2022 to 2032

Power Press Machines Market
FACT5406MR

Power Press Machines Market Outlook (2022-2032)

The global power press machines market is set to be valued at US$ 5.3 billion in 2022 and is forecast to surpass US$ 9 billion by the end of 2032, registering a CAGR of 5.4% from 2022 to 2032.

Report Attributes

Details

Power Press Machine Market Size (2021A)

US$ 5 Billion

Estimated Market Value (2022E)

US$ 5.3 Billion

Forecasted Market Value (2032F)

US$ 9 Billion

Global Market Growth Rate (2022-2032)

5.4% CAGR

North America Market Share (2021)

~20.8%

North America Market Growth Rate (2022-2032)

~5.2% CAGR

United States Market Growth Rate (2022-2032)

~5.8% CAGR

Key Companies Profiled

  • Komatsu
  • Nidec
  • Simpac
  • Schuler
  • Jier
  • Aida
  • Yangli

The market for power press machines is likely to grow rapidly owing to significant demand for pressing, cutting, and punching operations across the automotive, electronics, and other industry verticals. As such, the global market for power press machines is likely to create an absolute opportunity of US$ 9 billion during the 2022-2032 forecast time frame.

Worldwide revenue from power press machine sales accounts for around 73% of the global press machine market, which includes both, manual press machines and power press machines.

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Power Press Machine Demand Analysis (2017-2021) Vs. Market Outlook (2022-2032)

A power press machine is a system used to form a finished good from a raw material at a required specific standard. When it comes to the forming process, the basic practices are the same as traditional machining but the complexities are different in press machine operations.

Power press machines are generally equipped with all the necessary accessories that are required to carry out the operation. Accessories included are safety sensors, prevention systems, die-punch systems, etc. Press machines must conform to the required standards, such as for the electric & electronics, automotive, and home appliance industries.

Power press machines come in various capacities, ranging from up to 100 tons to more than 500 tons.

  • Short Term (2022 Q2 to 2025): Rising electrical and electronics sector in several economies will lead to enhanced demand for power press machines in the short term.
  • Medium Term (2025-2028): In the medium term, demand is anticipated to grow on the back of the provision of technically-advanced power press machines that can match the needs of users in multiple applications, from general machinery and home appliances.
  • Long Term (2028-2032): The market is anticipated to observe moderate growth in the long term because of advancements in the automotive industry across regions.

According to Fact.MR, a market research and competitive intelligence provider, the global power press machines market is predicted to expand at a CAGR of 5.4% between 2022 and 2032 as compared to the CAGR of -10.1% registered between 2017 and 2021.

Power press machines market forecast by Fact.MR

Which Key Trends are Guiding the Power Press Machines Market?

“Innovative Capacity Integration by Manufacturers According to End-use Industries”

Innovative capacity offerings help fulfil future capacity needs based on industry trends and current end use. Traditional press machinery manufacturers primarily focus on mechanical press machines with limited capacity offerings. Compared to these presses, innovative presses such as pneumatic and hydraulic presses are more cost-effective and offer increased flexibility and capacity.

Power press machines of different capacities can handle various types of materials. Manufacturers’ focus on such presses helps them diversify their portfolios and fulfil the varied demand from different end-use sectors.

Offering different capacity press machines will create ample growth opportunities for machine manufacturers, thereby driving power press machine demand over the coming years.

“Rapidly Increasing Demand from Electrical and Electronics Sector”

Small data storage chips, as well as large electronic device housings and enclosures, are manufactured utilizing power press machines. The electrical and electronics industry is growing rapidly, which means that demand for press machines will increase as well.

Hydraulic presses are commonly used to assemble the parts of shape panels for microwave refrigerators, washing machines, and other appliances.

Additionally, press machines are used to assemble the switches and housings that are used in switching boards and stations. The electrical and electronics industry is expected to grow Y-o-Y at 10.2% from 2021 to 2022. This will help generate significant absolute dollar opportunity for press machine suppliers over the coming years.

“Growing Utilization of AI- and Software-based Automated Power Press Machines”

Traditional press machines were centered on hardware and operated manually. High maintenance cost and higher replacement rate of important components such as dies and punches have created opportunities for the adoption of next-generation equipment based on AI and software, thereby offering an increased lifespan.

The Industrial Internet of Things (IIoT) has certainly transformed the manually operated push-pull technology into new and more advanced AI-based and software-based digitized technology.

Technologically advanced electric press machines mostly come with automatic software-based controls rather than manual controls. This new equipment reduces the likelihood of press machine errors, improving return on investment in production.

As such, the market is expected to create an absolute $ opportunity of US$ 3.7 billion during the forecast period.

An Adaptive Approach to Modern-day Research Needs

Country-wise Insights

Which Countries Lead the Asia Pacific Power Press Machines Market?

“Asia Pacific to Remain Largest Market, Led by Japan, China & India”

The China power press machines market accounts for the largest market share of 62.3% in Asia Pacific and is poised to register 6.2% CAGR over the forecast years.

On the other hand, the Japan power press machines market holds 12.6% market share and is projected to register 5.4% CAGR over the decade.

Over the forecast period, the Asia Pacific region will dominate the global power press machines market as the automation, electronics, and electrical industries grow in countries such as Japan, China, and India, thereby increasing the demand for power press machines in the region.

Which Countries are Power Press Machine Manufacturers Eyeing in Europe?

“Besides Germany, France & the U.K. to Account for High Revenue Shares”

The Germany power press machines market holds 28.3% market share in Europe. However, demand for power press machines in the U.K. and France is expected to increase faster at 6.1% and 4.3% CAGRs, respectively, during the forecast years of 2022-2032.

The automotive and aerospace industries dominate the power press machines market in Europe. Aerospace and military products are in high demand in European nations such as the United Kingdom and France, which contributes considerably to the rise in demand for power press machines in these countries.

Category-wise Insights

Why is Demand for 201-500 Ton Capacity Power Press Machines Higher?

The power press machines market, under capacity type, is segmented as below 100 ton, 101-200 ton, 201-500 ton, and above 500 ton power press machines.

201-500 ton capacity power press machines dominate the market with 44.5% share and are projected to see an increase in demand at 6.4% CAGR over the assessment period. The market for above 500 ton capacity is also likely to gain traction owing to these machines offering better performance.

Manufacturers are focusing on improving the efficiency of sensors to drive overall sales of power press machines in these ranges. Above 500 ton capacity machines hold 33.9% market share and their demand is predicted to increase at 3.3% CAGR through 2032.

Why is the Automotive Sector a Huge Consumer of Power Press Machines?

Under end-use industry, the power press machines market is segmented into automotive, aerospace / military, electrical & electronics, shipbuilding, general machinery, home appliances, and others.

Amongst them, the automotive sector leads the market with 49.9% share and is poised to expand at 6% CAGR during the forecast years. The use of advanced press machinery results in optimal operations and energy efficiency in manufacturing processes, in addition to savings in terms of time and money, and less cumbersome transport and space requirements.

The other application segments of aerospace / military, electrical & electronics account for 8.6% and 18% market shares, respectively, and these segments are projected to expand at 4.4% and 5.6% CAGRs, respectively, over the decade.

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Competitive Landscape

The global power press machines market is highly competitive and moderately consolidated in nature owing to the presence of numerous regional and international players. New product launches, mergers & acquisitions, and partnerships & collaborations are being resorted to by key players in the market.

New product development also plays a key role in companies looking to increase their consumer base.

For instance :

  • In Dec. 2021, AIDA Engineering Ltd. launched the new NSX 110 ton press with a unitized frame and speed up to 300 SPM for high-volume production.

Fact.MR has provided detailed information about price points of key manufacturers of power press machines positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Key Segments of Power Press Machines Industry Research

  • Power Press Machines Market by Machine Type :

    • Servo (Electric) Power Press Machines
    • Mechanical (Electric) Power Press Machines
    • Hydraulic Power Press Machines
    • Hybrid Power Press Machines
    • Others
  • Power Press Machines Market by Capacity :

    • Below 100 Ton Power Press Machines
    • 101-200 Ton Power Press Machines
    • 201-500 Ton Power Press Machines
    • Above 500 Ton Power Press Machines
  • Power Press Machines Market by End-use Industry :

    • Automotive
    • Aerospace / Military
    • Electrical & Electronics
    • Ship Building
    • General Machineries
    • Home Appliances
    • Others
  • Power Press Machines Market by Region :

    • North America
    • Latin America
    • Europe
    • Asia Pacific
    • MEA

- FAQs -

The global power press machines market is estimated at US$ 5.3 billion in 2022 and is predicted to surge to US$ 9 Billion by 2032-end.
Between 2017 and 2021, worldwide sales of power press machines fell at -10.1% CAGR.
Prominent manufacturers of power press machines are Komatsu, Nidec, Schuler, Jier, and AIDA.
The APAC power press machines market leads the race accounting for 40.1% of global market share in 2022.
Hydraulic power press machines are most widely employed and account for 34.1% market share.

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