NEW
YORK, June 28, 2024 /PRNewswire/ -- The
global press brakes market size is estimated to grow by
USD 555.7 million from 2024-2028,
according to Technavio. The market is estimated to grow at a CAGR
of almost 5.32% during the forecast
period. Increase in demand for cnc press brakes is
driving market growth, with a trend towards incorporation
of press brakes with IoT. However, increasing number of
injuries caused by press brakes poses a challenge. Key market
players include 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, Hindustan Hydraulics Pvt.
Ltd., JPW Industries Inc., Lodesani and Carreri Srl, LVD Co. Nv,
Mitsubishi Corp., Prada Nargesa SL, SafanDarley BV, Salvagnini
Italia Spa, and TRUMPF SE Co. KG.
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Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
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 Middle East and Africa)
|
Region
Covered
|
APAC, Europe, North
America, South America, and Middle East and Africa
|
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, Hindustan Hydraulics Pvt. Ltd., JPW
Industries Inc., Lodesani and Carreri Srl, LVD Co. Nv, Mitsubishi
Corp., Prada Nargesa SL, SafanDarley BV, Salvagnini Italia Spa, and
TRUMPF SE Co. KG
|
Key Market Trends Fueling Growth
The Internet of Things (IoT) revolutionizes press brake
operations by enabling data transmission without human
intervention. IoT-enabled press brakes are equipped with sensors
and computer network connectivity, allowing for real-time process
monitoring and reporting. This technology alerts operators when
machines function outside set parameters and enables remote
management, leading to increased efficiency and demand in
industries like automotive. IoT integration is a significant trend
in the press brakes market, driving growth during the forecast
period.
The Press Brake market is experiencing significant growth,
driven by increasing demand for metal fabrication in various
industries. Precision, speed, and versatility are key trends in
this market. Sheet metal forming is a crucial process in
manufacturing, and press brakes play a vital role in shaping and
bending metal components. Companies are focusing on improving the
technology to make press brakes more efficient and cost-effective.
The use of advanced materials and automation is becoming common in
the industry. The market is also witnessing a rise in the adoption
of CNC press brakes, which offer greater accuracy and flexibility.
The trend towards customization and mass production is also driving
the demand for press brakes. Overall, the market is expected to
continue its growth trajectory in the coming years.
Research report provides comprehensive data on
impact of trend. For more details- Download a Sample
Report
Market Challenges
- Press brakes are essential tools in the automotive and
transportation equipment industries for producing high-quality
materials efficiently. However, these machines pose risks to
workers, leading to injuries such as finger crush, burns, and
electrocution. The increasing number of injuries, often due to
worker negligence or inadequate safety measures, may undermine
employee trust and encourage the adoption of alternatives. This
trend could negatively impact the demand for press brakes in the
forecast period.
- The Press Brakes market faces several challenges. Modernization
of production processes is a key challenge, with companies seeking
to adopt advanced technologies like CNC and servo press brakes for
increased efficiency and precision. Another challenge is the rising
cost of raw materials and energy, which can impact profitability.
Additionally, the market is becoming increasingly competitive, with
a growing number of players offering similar products. Consumers
demand high-quality bending solutions at competitive prices, making
it essential for companies to focus on innovation and cost
reduction. Ensuring timely delivery and maintaining a strong
customer base are also significant challenges in this market.
For more insights on driver and
challenges - Download a Sample Report
Segment Overview
This press brakes market report extensively covers market
segmentation by
- Application
- 1.1 Automotive industry
- 1.2 General machinery
- 1.3 Transportation equipment
- 1.4 Precision engineering
- 1.5 Others
- Product
- 2.1 Hydraulic
- 2.2 Hybrid
- 2.3 Servo-electric
- 2.4 Others
- Geography
- 3.1 APAC
- 3.2 Europe
- 3.3 North America
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Automotive industry- The automotive industry's
growth, driven by rising demand for passenger vehicles due to
urbanization and increasing disposable income in emerging
economies, will boost the press brakes market. In the commercial
segment, public transport infrastructure and the need for luxury
transportation are key growth factors. Press brakes, used for
fabricating vehicle panels, are essential in the automotive
industry, particularly hydraulic ones due to their efficiency.
These trends indicate a promising outlook for the press brakes
market in the automotive sector.
For more information on market segmentation with
geographical analysis including forecast (2024-2028) and historic
data (2018 - 2022) - Download a Sample Report
Research Analysis
The Press Brakes Market encompasses various industries,
including Building and Automobile, where Electric, Hydraulic, and
Metallic fabrication are prevalent. Precision Pressure forms, such
as Angles, Bends, and Forms, are essential in metalworking
applications. Advanced press brakes utilize Computer Numerical
Control (CNC) and Servo hydraulic mechanisms for high accuracy,
repeatability, and efficiency. These systems offer advanced
features like back gauge positioning and tonnage control.
Environmental protection and energy saving are crucial
considerations in modern press brake designs. High precision and
high efficiency servo hydraulic systems are the future of
metalworking, offering significant advantages over traditional
methods. Bending software programs optimize the bending process,
further enhancing the overall performance and productivity of press
brakes.
Market Research Overview
The Press Brake market encompasses a wide range of hydraulic and
sheet metal forming machinery used to bend metal sheets into
various shapes. These machines are essential in industries such as
automotive, construction, and manufacturing. The process involves
clamping the metal sheet between the brake beam and the die, and
then using hydraulic pressure to bend the metal to the desired
shape. The market for press brakes is driven by factors such as
increasing demand for automation in manufacturing processes,
growing construction industry, and the need for efficient and
cost-effective metal forming solutions. The market is segmented
based on the type of press brakes, including CNC and hydraulic
press brakes, and their applications in various industries. The
market is expected to grow steadily in the coming years due to
these factors and the continuous advancements in technology.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Application
-
- Automotive Industry
- General Machinery
- Transportation Equipment
- Precision Engineering
- Others
- Product
-
- Hydraulic
- Hybrid
- Servo-electric
- Others
- Geography
-
- APAC
- Europe
- North America
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio