Global Electric Press Market Expected to Surpass US$9
The global electric press market is expected to be valued at 5.3 billion US$ in 2022 and is projected to exceed 9 billion US$ by the end of 2032, registering a CAGR of 5.4% from 2022 to 2032.
The electric press market is likely to grow rapidly due to the large demand for pressing, cutting and punching operations in the automotive, electronics and other vertical industries. As such, the global mechanical presses market is likely to create an absolute US$9 billion opportunity during the forecast period 2022-2032.
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Key segments of the mechanical presses industry research
Electric Press Machine Market by Machine Type:
Servo electric presses (electric)
Mechanical (electric) presses
Hybrid press machines
Electric Press Machine Market by Capacity:
Press machines with power below 100 tons
Electric presses from 101 to 200 tons
Electric presses from 201 to 500 tons
Electric presses over 500 tons
Electric Press Machine Market by End Use Industry:
Aeronautics / Military
Electrical and Electronic
Electric Press Machine Market by Region:
The global mechanical presses market is highly competitive and moderately consolidated in nature due to the presence of numerous regional and international players. New product launches, mergers and acquisitions, partnerships and collaborations are used by major market players.
New product development also plays a key role in companies looking to grow their customer base.
For instance :
In December 2021, AIDA Engineering Ltd. launched the new 110 ton NSX press with a unified frame and up to 300 SPM speed for high volume production.
Fact.MR has provided detailed information on the prices of the main mechanical press manufacturers positioned in all regions, sales growth, production capacity and speculative technological expansion, in the recently published report.
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The Electric Press Machine market report answers the questions mentioned below:
Why are the vendors moving away from traditional manufacturing methods in the Electric Press Machine Market?
What will the global electric press machine market look like in the next five years?
Which end-use industry is expected to top the segment by the end of 2029?
What innovative products are being introduced by players in the global Electric Press Machines market?
Which regions are showing the fastest market growth?
Crucial insights in the Electric Press Machine market study:
Underlying macro and micro-economic factors impacting the Electric Press Machines Market growth.
Basic overview of the Power Press Machines Market, including market definition, classification, and applications.
Careful examination of each Power Press Machines market player on the basis of mergers and acquisitions, R&D projects, and product launches.
Trending in the adoption of electric press machine market across various industries.
Important regions and countries offering lucrative opportunities for Electric Press Machines Market
Important questions about Power Press
Machines Market Insights Covered in the Report:
Who are the most important players in the Power Press Machines market outlook?
What are the factors likely to hinder the growth of the Power Press Machines Insights market during the forecast period?
Why is the concentration of Tier 1 companies high in a specific region?
What is the impact of soaring raw material prices on the market demand for electric press machines?
Why are Power Press Machines Market players eyeing opportunities in particular region?
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