According to a new report published by Allied Market Research, titled,"Hydraulic Press Machines Market by Type, Application, and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2018 - 2025,"the hydraulic press machines market size was valued at $14,293.3 million in 2017, and is projected to reach at $21,089.2 million by 2025, growing at a CAGR of 4.7% from 2018 to 2025. Asia-Pacific is expected to be the leading contributor to the global hydraulic press machines market share, followed by Europe and North America.
Hydraulic Press machine generates compressive force by utilizing liquid pressure, and is used for press work application such as blanking, punching, coining, trimming, and others. In hydraulic press, the pressure is generated throughout an enclosed cylinder, in which hydraulic pressure is converted into kinetic energy of piston, which in turn produces shear stress between die and punch, which cuts or presses the metal. These machines are used for the for transforming metallic objects into sheets and making powders for pharmaceutical & medical industries.
Increase in demand for high force pressing applications in various industries such as automotive and aerospace, growth in adoption of technologically advanced automated systems in manufacturing industry, and rise in demand for fabricated metal in automotive industry, are expected to drive the market growth. However, increase in use of 3D printing equipment as an alternative of hydraulic press machines and uncertainty in Chinese economy are expected to hinder the demand for hydraulic press machines. Conversely, high energy efficiency using VFDs in hydraulic press machines and increase in adoption of hydraulic press machines in plastic & rubber processing industries are expected to provide numerous opportunities for the hydraulic press machines market growth.
The c-frame hydraulic press machines segment accounted for the maximum revenue share in 2017 and is expected to generate maximum revenue during the forecast period in the global hydraulic press machines industry, as they provide higher productivity and superior speed. Moreover, these machines reduce production cost & operational time and provides improved rigidity & strength of machine as compared to traditional equipments. Furthermore, increase in demand for metal forming in aerospace & automotive industry majorly boosts the requirements of hydraulic press machines for forming & stamping applications.
The forging application segment is expected to witness fastest growth rate during the forecast period. Based on the industry verticals, Automotive industry segment is expected to witness highest CAGR of 5.7% during the forecast period.
Asia-Pacific accounted for a major share of the global hydraulic press machines market in 2017 and it is expected to dominate the market in terms of revenue during the forecast period, owing wide presence of automotive & manufacturing companies in China and Japan. The Europe region holds second largest share in global hydraulic press machines market.
Key Findings of the Hydraulic Press Machines Market:
- In 2017, the c-frame hydraulic press machine segment accounted for the maximum revenue and is projected to grow at a notable CAGR of 4.7 % during the forecast period.
- The forging segment accounted for more than 20.0 % of the market share in 2017.
- Automotive industry contributed major share of 36.0% in global market during 2017.
- China was the major shareholder in the Asia-Pacific hydraulic press machines market, accounting for more than 50.0% share in 2017.
The key players profiled in the report include Greenerd Press & Machine Co., Beckwood Press, Schuler Group, Betenbender Manufacturing, Inc., DORST Technologies GmbH & Co. KG, Enerpac (Actuant Corporation), Fujian Haiyuan Automatic Equipments, Japan Automatic Machine Co., Ltd., P.J.Hare Limited, and French Oil Mill Machinery. Market players have adopted various strategies such as product launch, collaboration & partnership, joint venture, and acquisition to expand their foothold in the hydraulic press machines market.