Global Hydraulic Press Machine Market
Global Hydraulic Press Machine Market was valued US$ 14.29 Bn in 2018 and is expected to reach US$ 22.02Bn by 2026, at a CAGR of around 4.92% during a forecast period.
Increase in demand for high power pressing applications in several industries such as automotive and aerospace, growth in adoption of technologically advanced automated systems in manufacturing industry, high energy efficiency using VFDs in hydraulic press machines, increase in adoption of hydraulic press machines in plastic & rubber processing industries and rise in demand for fabricated metal in automotive industry, are anticipated to drive the market growth. However, rise in use of 3D printing equipment as an alternative of hydraulic press machines and uncertainty in Chinese economy are projected to hamper the demand for hydraulic press machines.
The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
The hydraulic press machines market is segmented by type, c-frame accounted for the maximum revenue share in 2017 and is estimated to generate maximum revenue during the forecast period in the global hydraulic press machines industry, as they provide higher productivity and superior speed. Additionally, these machines reduce production cost & operational time and provides improved rigidity & strength of machine related to traditional equipment’s. Furthermore, rise in demand for metal forming in aerospace & automotive industry majorly boosts the requirements of hydraulic press machines for forming & stamping applications.
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Last Update : 08 July 2020 8:31 AM
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