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Press Brakes Market by Product, Application, and Geography - Forecast and Analysis 2020-2024

Press Brakes Market by Product, Application, and Geography - Forecast and Analysis 2020-2024

2020-12-31

This report provides a detailed analysis of the market by product (hydraulic, mechanical, pneumatic, and servo-electric), application (automotive industry, general machinery, transportation equipment, precision engineering, and others), and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including ADIRA Metal-Forming Solutions SA, Amada Holdings Co. Ltd., Baileigh Industrial Holdings LLC, Ragos NC Equipment Co,.LTD.CINCINNATI Inc., Dimeco Group, EUROMAC Spa, Gasparini Industries Srl, Mitsubishi Corp., Prada Nargesa SL, and TRUMPF GmbH + Co. KG.


Who are the Major Press Brake Vendors?

The market is fragmented, and the degree of fragmentation will decrease during the forecast period. Vendors are focusing on organic growth strategies such as innovations to expand their customer base. EUROMAC Spa, Gasparini Industries Srl, Mitsubishi Corp., Prada Nargesa SL, and TRUMPF GmbH + Co. KG are some of the major market participants. Although the increasing demand for CNC press brakes will offer immense growth opportunities, the emergence of used and refurbished press brakes will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this press brakes market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this press brakes market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of their future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading companies, including:

  • ADIRA Metal-Forming Solutions SA

  • Amada Holdings Co. Ltd.

  • Baileigh Industrial Holdings LLC

  • CINCINNATI Inc.

  • Dimeco Group

  • EUROMAC Spa

  • Ragos NC Equipment Co,.LTD.

  • Gasparini Industries Srl

  • Mitsubishi Corp.

  • Prada Nargesa SL

  • TRUMPF GmbH + Co. KG


Which are the Key Markets for Press Brakes?

press-brakes-market-share-by-region


APAC was the largest press brakes market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The rising per capita income contributing to increased sales of vehicles, the presence of established vehicle manufacturers, government incentives, and low-cost labor are significantly driving the press brakes market growth in this region.

Almost 40% of the market’s growth will originate from APAC during the forecast period. China, India, Thailand, Indonesia, and South Korea are the key markets for press brakes in APAC. Market growth in this region will be slower than the growth of the market in other regions.

What are the Major Product Segments in the Press Brakes Market?

press-brakes-market-share-by-distribution-channel


Hydraulic press brakes are commonly used for industrial production jobs and specialized sheet metal work. Hydraulic brakes are safe and reduce the risk of injury to workers. They also have higher energy efficiency than mechanical press brakes. As a result, their application is increasing for producing parts with complex and deep forms.  

Press brakes market share growth by the hydraulic segment will be slower than the growth of the market by the pneumatic segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the press brakes market size.

How will CNC Brakes Influence Press Brakes Market Growth?

The increasing use of computer numerical control (CNC) brakes have been contributing to the press brakes market growth. CNC brakes can be operated with touch and sound sensors, making them less labor-intensive, easy to operate, efficient, and accurate. Factors such as type of material, length of the flange, degree of bend, and amount of thickness can be directly entered into the CNC control unit. As a result, the desired manufacturing results can be obtained at a faster rate. Therefore, the use of CNC brakes is increasing mostly for fabricating metal products, which are in high demand from industries such as the automotive, construction, heavy machinery, and others.

  • Vendors have started integrating IoT into press brakes to eliminate the need for constant monitoring by machine operators, which is one of the key press brakes market trends.

  • IoT-integrated press brakes have sensors that can trigger an alert in case machines operate outside the set range, making them a suitable candidate for manufacturing fabricated metal parts that require a high degree of precision.

  • Data accrued by IoT-enabled press brakes can be used by operators to monitor operations online.

  • The global press brakes market is expected to grow a CAGR of almost 3% during the forecast period. 

press-brakes-market-report



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