NEW YORK , Aug. 8, 2022 -- A press brake is a machine that is used for bending plates and metal sheets. Sheet metal is clamped in between a matching punch and die to achieve the predetermined bend.
The "Press Brakes Market by Product (hydraulic, hybrid, servo-electric, and others), Application (automotive industry, general machinery, transportation equipment, precision engineering, and others), and Geography (APAC, Europe , North America , South America , and the Middle East and Africa ) - Forecast and Analysis 2022-2026" report has been added to Technavio's offering. The potential growth difference for the press brakes market size between 2021 and 2026 is USD 474 .76 mn. To get the exact CAGR and the Y-O-Y growth rate, Request a FREE PDF Sample Report
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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.
APAC will be the leading region with 39% of the market's growth during the forecast period. China , Japan , and India are the key countries for the press brakes market in APAC.
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The press brakes market is fragmented, and the vendors are deploying growth strategies such as product differentiation and an increase in product portfolio to compete in the market. ACCURL, Accurpress, ADIRA METAL FORMING SOLUTIONS S.A., AMADA Co. Ltd., ATM Deutschland Maschinen u. Werkzeuge Vertriebs GmbH, Baileigh Industrial Holdings LLC, CINCINNATI Inc., Durmazlar Makina AS, EUROMAC Spa, Gasparini Industries Srl, Haco, Hindustan Hydraulics Pvt. Ltd., Lodesani and Carreri Srl, LVD Co. nv., Mitsubishi Corp., Prada Nargesa SL, SafanDarley BV, TRUMPF GmbH Co. KG, Betenbender Manufacturing Inc., and Salvagnini Italia Spa, among others, are the main players in the market. The key offerings of some of these vendors are listed below:
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Industrial Clutches and Brakes Market by Product, End-user, and Geography - Forecast and Analysis 2021-2025
Industrial Brakes Market by End-user and Geography - Forecast and Analysis 2021-2025
Accelerate at a CAGR of almost 5.11%
APAC, Europe, North America, South America, and Middle East and Africa
US, China, Japan, India, and Germany
Leading companies, competitive strategies, consumer engagement scope
ACCURL, Accurpress, ADIRA METAL FORMING SOLUTIONS S.A., AMADA Co. Ltd., ATM Deutschland Maschinen u. Werkzeuge Vertriebs GmbH, Baileigh Industrial Holdings LLC, CINCINNATI Inc., Durmazlar Makina AS, EUROMAC Spa, Gasparini Industries Srl, Haco, Hindustan Hydraulics Pvt. Ltd., Lodesani and Carreri Srl, LVD Co. nv., Mitsubishi Corp., Prada Nargesa SL, SafanDarley BV, TRUMPF GmbH Co. KG, Betenbender Manufacturing Inc., and Salvagnini Italia Spa
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, and market condition analysis for the forecast period.
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