Press Brakes Market size to increase by USD 520.8 million during 2022-2027, Increase in demand for CNC press brakes to drive the growth - Technavio

NEW YORK, Sept. 11, 2023 /PRNewswire/ -- The press brakes market size is expected to grow by USD 520.8 million between 2022 and 2027. The growth momentum of the market will progress at a CAGR of 5.23% during the forecast period. The market is segmented by 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). The increase in demand for CNC press brakes drives the press brakes market. It is a machine programmed to bend sheet metal from just a few millimeters in diameter to sections several meters long, depending on your requirements. Factors such as the type of material, length of the flange, degree of bend, and amount of thickness can be directly entered into the CNC control unit. Also, given the increase in demand for CNC press brakes, the global press brakes market is expected to register growth during the forecast period. The report analyses the market size and growth and provides accurate predictions on the growth of the market. View a PDF Sample 

Key Highlights:

• The report recognizes the following as some of the key players in the press brakes market: 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, JPW Industries Inc., Lodesani and Carreri Srl, LVD Co. nv, Mitsubishi Corp, Prada Nargesa SL, SafanDarley BV, Salvagnini Italia Spa, TRUMPF SE Co. KG, and Hindustan Hydraulics Pvt. Ltd.
• Press Brakes Market is fragmented in nature.
• Market to observe 4.79% YOY growth in 2023.

Market Dynamics:

Trend

• The development of robotic arms for press brakes is an emerging press brakes market trend.

Challenges

• The increasing number of injuries caused by press brakes challenges the growth of the press brakes market.

The report also covers information on upcoming trends and challenges. Explore detailed information by purchasing a report

Keg Segments:

By product, the hydraulic segment will contribute the highest market share growth during the forecast period. Hydraulic press brakes are the most commonly used press brakes. They are designed for continuous industrial production jobs and specialized sheet metal work. These press brakes are safer and less expensive than mechanical press brakes, as they are driven by two synchronized hydraulic cylinders. The growth of this segment is attributed to factors such as quick retraction, variable speed control, and the capability to reverse the stroke at any time. Get a glance at the market contribution of the segments, Request a Sample

The automotive brake pad market size is estimated to grow at a CAGR of 7.29% between 2022 and 2027. The market size is forecast to increase by USD 5,720.34 million. This automotive brake pad market report extensively covers market segmentation by type (organic, metallic, and ceramic), vehicle type (passenger car, commercial vehicle, and motorcycle), and geography (APAC, Europe, North America, South America, and the Middle East and Africa). The rising number of product launches is driving market growth. 

The automotive brake-by-wire systems market size is estimated to grow at a CAGR of 25.64% between 2022 and 2027. The market size is forecast to increase by USD 10,337.96 million. This automotive brake-by-wire systems market report extensively covers market segmentation by vehicle type (electric and non-electric), application (passenger vehicles and commercial vehicles), and geography (APAC, North America, Europe, South America, and Middle East and Africa). Increasing electrification in vehicles is notably driving the automotive brake-by-wire systems market growth.

Executive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by Application

Market Segmentation by Product

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

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: [email protected]
Website: www.technavio.com

SOURCE Technavio

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