Power Press Machine Market

Power Press Machine Market Outlook (2024 to 2034)

Worldwide revenue from the power press machine market is estimated to stand at US$ 5.92 billion in 2024 and is slated to increase at a CAGR of 5.4% to reach US$ 10.01 billion by 2034.

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, and others. Press machines must conform to the required standards, such as for the electric & electronics, automotive, and home appliance industries.
• Power presses are mostly used for heavy industrial tasks since they are reliable, adaptable, and reasonably priced. The most popular kind of power press technique is the hydraulic power press because of its great efficiency and availability in a range of sizes, styles, and functions.

Despite being rather basic equipment, hydraulic power press machines offer a substantial cost benefit over mechanical presses of comparable sizes. In a hydraulic press machine, there are fewer moving parts.

Report Attribute	Detail
Power Press Machine Market Size (2024E)	US$ 5.92 Billion
Forecasted Market Value (2034F)	US$ 10.01 Billion
Global Market Growth Rate (2024 to 2034)	5.4% CAGR
East Asia Market Share (2024E)	39.2%
North America Market Value (2024E)	US$ 1 Billion
Hybrid Power Press Machines Segment Value (2034F)	US$ 761 Million
Ship Building Segment Value (2034F)	US$ 710.9 Million
Key Companies Profiled	CorePlus; Mirka UK; Saint-Gobain Abrasives; Walter Surface Technologies Inc.; Shark Industries Ltd.; Grindwell Norton Ltd.; Ryobi Limited; 3M Company; Makita Corporation.

Which Strategies are Used by Power Pressing Machine Manufacturers to Double Their Profits?

“Manufacturers Working on Improved Capacity Needs to Attract Larger Customer Base”

Innovative capacity offerings help fulfill 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 machines are more cost-effective and offer increased flexibility and capacity.

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

Offering different capacity press machines will create ample growth opportunities for machine manufacturers, thereby leading to increasing power press machine market growth.

“New Advancements Such as Hydraulic Presses Enticing Customers to Invest”

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.

“AI and Software-based Automated Power Press Machines Becoming a New Market Trend”

Traditional press machines were centered on hardware and operated manually. High maintenance costs and higher replacement rates 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.

“Constant Improvements in Power Press Machines Attracting More End-use Industries”

Generally, power press machines come with basic features but after being a long time in the market, key players are focusing on bringing new advancements including stroke adjustments, power source, bed size, RAM, and clutch. These improvements are not only making it easy for customers to complete their work on time but also enhancing the safety of workers to avoid any kind of accidents leading to a safer environment. Apart from this, manufacturers are looking to launch new product components that are used on the side of power press machines, generally including blades, handles, and flywheels to further uplift their sales opportunities.

Which Aspects of Market Are Shrinking the Power Press Machine Market Size?

“Power Press Machines are Expensive and Need Professional Hands to Work With”

Power press machines are generally used for cutting and shaping metal in factories and construction sites. First of all these machines are quite expensive which is a major factor for people not to invest in these machines, apart from this the machine also is not so easy to use and needs a person who is experienced in using them otherwise this will lead to major accidents. These two factors are bringing major challenges in front of manufacturers to maximize sales and expand their business potential.

There are times when factories or construction activities are at a halt for a very long time due to government issues or other legal issues, this factor is again pushing the market downward and is stimulating manufacturers to find any sales opportunities. In today's world, construction activities have also become modern and skyscrapers require a high-tech power press, as a result, manufacturers have to keep on studying the market trends and provide those technologies to win the market share.

Country-wise Evaluation

As the industrial sector advances around the world, the market for power press machines is estimated to reach new heights. Several major countries experiencing profitable growth include the United States, Canada, China, Japan, and Mexico. Among all these, the United States market is estimated to hold a strong power press machine market share in North America.

What is Stimulating Power Press Machine Sales Globally?

“Stable Automotive Sector Providing Opportunities for Power Press Machine Manufacturers”

Attribute	United States
Market Value (2024E)	US$ 762.1 Million
Growth Rate (2024 to 2034)	5.6% CAGR
Projected Value (2034F)	US$ 1.32 Billion

Power press machines have a vital role in the automotive sector in forming sheet metal components such as body panels, chassis parts, brackets, and gears. These machines cut, blend, press metal sheets, and shape the materials. These machines are majorly used in mass production and are becoming more beneficial for automotive industries that require metal sheets for cars with high precision. As the United States has a well-established automotive industry, suppliers in this market are actively looking for high-tech power press machines to ease production and improve the overall quality of the car.

What is Leading to the Rising Demand for Power Press Machines in China?

“Presence of Aftermarkets in the Country Making it a Lucrative Market”

Attribute	China
Market Value (2024E)	US$ 1.22 Billion
Growth Rate (2024 to 2034)	5.9% CAGR
Projected Value (2034F)	US$ 2.17 Billion

The country comprises well-known aftermarkets where people get expensive materials at much lower prices including power press machines. These markets attract a wide number of customers to establish their business in this country to take the advantage and reduce the product price and increase the profit margins. Added to this the suppliers are also able to keep close contact with aftermarkets to understand the buying patterns of customers to stay ahead of competitors. Due to favorable government policies, the exports have also been increasing making the overall country a profit hub for power press machine manufacturers.

Category-wise Analysis

A thorough study by suppliers has led to several segmentations of the market, a few of the major segments include machine types which comprise mechanical power press machines, hybrid power press machines, and hydraulic power press machines. Among all these hydraulic power press machines are becoming trendy in recent years.

Which Machine Type is Prominently Used across End-use Industries?

“Hydraulic Power Press Machines Desired Significantly by Customers”

Attribute	Hydraulic Power Press Machines
Segment Value (2024E)	US$ 3.21 Billion
Growth Rate (2024 to 2034)	5.3% CAGR
Projected Value (2034F)	US$ 5.4 Billion

Hydraulic power press machines are prominently used in the final marketplace due to their efficiency, precision, and ability to handle a wide range of materials. End-use industries prefer hydraulic power press machines for their versatility and ability to deliver high forces consistently. These machines are well-suited for several industrial applications, including metal forming, assembly, and blanking processes. The demand for hydraulic power press machines continues to rise across different sectors due to their reliable performance and advanced features that enhance productivity and product quality. In recent years, this is increasingly becoming a major power press machine market trend.

Which End-use Industry has a Vivid Application of Power Press Machines Worldwide?

“Extensive Application of Power Press Machines in the Automotive Industry”

Attribute	Automotive
Segment Value (2024E)	US$ 2.52 Billion
Growth Rate (2024 to 2034)	5.1% CAGR
Projected Value (2034F)	US$ 4.14 Billion

The automotive industry has a vivid application of power press machines worldwide, prominently utilizing them during production processes. Power press machines play a crucial role in creating a wide range of automotive components, including body panels, chassis parts, and other essential elements. These machines are instrumental in shaping and forming metal sheets with precision, contributing to the efficient manufacturing of vehicles. The automotive sector's reliance on power press machines underscores their importance in meeting the industry's production needs and maintaining high standards of quality and accuracy in component manufacturing.

Competitive Landscape

Some of the key players in the power press machine industry are investing in R&D activities for offering new products including servo presses and hydraulic hammers. The global market is highly competitive due to the presence of several local as well as international players. Partnerships, new product launches, collaborations, acquisitions, and other strategies are incorporated by these market players for strengthening their position.

• 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 provides detailed information about the price points of key manufacturers of power press machines positioned across the world, sales growth, production capacity, and speculative technological expansion, in this updated market report.

Segmentation of Power Press Machine Market Research

• By Type:

  • Servo
  • Mechanical
  • Hydraulic
  • Hybrid

• By Capacity:

  • Below 100 Ton
  • 101 Tons to 200 Tons
  • 201 Tons to 500 Tons
  • Above 500 Tons

• By End-Use Industry:

  • Automotive
  • Aerospace/Military
  • Ship Building
  • General Machinery
  • Home Appliances
  • Commercial

• By Region:

  • North America
  • Western Europe
  • Eastern Europe
  • Latin America
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa