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The press brakes market size is forecast to increase by USD 555.7 million at a CAGR of 5.32% between 2024 and 2028. The market is experiencing significant growth, driven by several factors. Firstly, there's a rising demand for CNC press brakes, fueled by their precision and efficiency in metal fabrication processes. Additionally, the increasing popularity of SUVs and pick-up trucks is boosting the demand for press brakes in automotive manufacturing, particularly for chassis and body panels.
The growing market for press brakes on a global scale is fueled not only by the increasing demand for fabricated metal products but also by the adoption of hydraulic press machines across various industries. A type of press brake, have gained significant traction due to their ability to shape and form metal components with high precision and efficiency. These machines utilize hydraulic power to apply force and pressure, making them an indispensable tool in manufacturing processes. The growing trend towards automation and the need for mass production have further accelerated the demand for hydraulic press machines. Our report delves into the historic data from 2018 to 2022 and provides an in-depth analysis of the current market scenario and future forecasts for the hydraulic press machines market.
The growth of the APAC market is being driven by the rising purchasing power of consumers. Accurl CNC Machine Anhui Manufactory Co. Ltd. provides press brakes like the Euro Pro Series and the Genius Plus Series. Accurpress Product Sales offers press brakes such as Accurpress Header HT, AP Accell E V2, and AP Accell U V2.
The market encompasses various applications in the building and automobile industries, involving Electric, Hydraulic, and Metallic fabrication processes. These machines are essential for forming Angles, Bends, and Forms in Sheet Steel with high Precision and Efficiency. Pressure parameters are crucial in determining the Tonnage and Back gauge position required for specific Metalworking applications. Advanced press brakes employ Computer Numerical Control (CNC) systems, Servo hydraulic mechanisms, and Bending software programs to ensure Accuracy, Repeatability, and High precision, High efficiency production. Environmental protection and Energy saving are increasingly important considerations in the market, with manufacturers focusing on advanced Servo hydraulic systems to reduce waste and minimize emissions. The market is driven by the growing demand for Metallic fabrication in various industries, including construction and automotive manufacturing. The need for precise and efficient metalworking solutions continues to fuel market growth, with ongoing advancements in technology and manufacturing processes further enhancing the market's potential. Our researchers studied the market research and growth data for years, with 2023 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market.
Press brakes are metallic fabrication machines used for shaping sheet steel into desired angles, bends, and forms. They come in two types: electric and hydraulic. Modern press brakes, equipped with Computer Numerical Control (CNC) and servo hydraulic mechanisms, offer high precision and efficiency. These machines can create complex shapes and forms in various industries, including building and construction, automobile manufacturing, and aerospace.
Moreover, operators can control parameters such as pressure, back gauge position, and tonnage to manufacture products quickly and accurately using Bending Machines. Advanced press brakes, a type of bending machine, incorporate features like real-time monitoring, data analytics, and energy-saving servo hydraulic systems. These systems include speed control and optimization of electricity consumption, contributing to enhanced performance, accuracy, repeatability, and environmental protection in metalworking applications. Such technological innovations are pivotal in driving the market for bending machines forward during the forecast period, as they cater to the increasing demand for efficient, precise, and sustainable manufacturing solutions across various industries.
In the realm of metallic fabrication, press brakes play a pivotal role in shaping sheet steel into desired angles, bends, and forms for various industries. Press brakes come in two primary types: electric and hydraulic. These machines are integral to metalworking applications in sectors like building, automobile, and aerospace. Modern press brakes are equipped with advanced features such as Computer Numerical Control (CNC), servo hydraulic mechanisms, and bending software programs. These technologies ensure high precision, repeatability, and efficiency in metal bending.
Moreover, press brakes can handle different tonnages and are fitted with sensors to monitor critical parameters like back gauge position and pressure. Real-time monitoring and data analytics enable operators to optimize machine performance and prevent potential issues. Connected press brakes facilitate the transmission of data over the internet, allowing for environmental protection, energy saving, and high precision, high efficiency servo hydraulic systems. Speed control and electricity consumption are also optimized, contributing to the overall productivity and profitability of metal fabrication processes. Hence, such factors are driving the market during the forecast period.
Press brakes are essential tools in metallic fabrication industries, including automotive and transportation, for producing high-quality sheet steel components with precision bends. These machines apply pressure to form angles and shapes by pressing the material between a die and a punch. Press brakes come in two main types: hydraulic and electric. Modern press brakes incorporate advanced features like Computer Numerical Control (CNC), servo hydraulic mechanisms, and bending software programs for improved accuracy, repeatability, and efficiency.
Moreover, these machines are used extensively in building, automobile manufacturing, aerospace, and construction industries. Operators must adhere to specific parameters, such as back gauge position and tonnage, to ensure optimal performance. Advanced press brakes offer environmental protection, energy saving, high precision, and high efficiency through servo hydraulic systems and speed control. Hence, such factors are hindering the market during the forecast period.
The automotive industry segment will account for a major share of the market's growth during the forecast period. The market for press brakes in metal fabrication, particularly in the automotive industry, is projected to expand due to escalating demand for passenger and commercial vehicles. Urbanization and rising disposable income in emerging economies, including Brazil, India, China, South Africa, UAE, Qatar, and Saudi Arabia, are primary drivers of this trend.
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The automotive industry segment was the largest segment and valued at USD 627.90 million in 2018. In the automobile sector, precision bending of sheet steel is essential for producing angles, bends, and forms for building passenger and commercial vehicles. Modern press brakes employ advanced technologies such as Computer Numerical Control (CNC), servo hydraulic mechanisms, and bending software programs to ensure accuracy, repeatability, and efficiency. These press brakes can be electric or hydraulic, with tonnage ranging from light to heavy. Advanced features include back gauge positioning, pressure control, speed control, energy saving, and environmental protection. Press brakes find extensive applications in aerospace, construction, and metal additives industries, requiring high precision and high efficiency servo hydraulic systems. Hence, such factors are fuelling the growth of this segment which in turn drives the market growth during the forecast period.
Based on product, the market has been segmented into hydraulic, hybrid, Servo-electric, and others. Hydraulic press brakes are the most commonly used ones. For continuous industrial production and specific sheet metal work, such as automated cell parts or single-cycle operations, they are designed. They are powered by two synchronized hydraulic cylinders, which makes them safer and less costly than a mechanical press brake. They offer advantages such as quick retraction, variable speed control, and the capability to reverse the stroke at any time. The hydraulic press brake is secure and reduces the risk of injuries to workers. As hydraulic press brakes have higher energy efficiency than mechanical press brakes, they reduce operational costs. The benefits of hydraulic ones are expected to have a positive impact on demand during the forecast period.
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APAC is estimated to contribute 39% to the growth by 2027. Technavio's analysts have provided extensive insight into the market forecasting, detailing the regional trends and drivers influencing the market's trajectory throughout the forecast period. In the Asia Pacific (APAC) region, the manufacturing process of press brakes has experienced significant advancements, integrating robot systems and improved material handling. Tool changing and bending sequences have become more efficient, ensuring work safety for human operators. The industry's growth is marked by the increasing demand for heavy-duty press brakes to handle substantial materials. Repetitive tasks are being automated, and the industry responds by investing in advanced bending tools and tooling technologies. The power source for these systems varies, with electricity and hydraulics being common choices. The APAC automotive industry's expansion, driven by economic growth in countries like China, India, and Japan, fuels the demand for press brake systems.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
ATM Deutschland Maschinen u. Werkzeuge Vertriebs GmbH: The company offers press brakes and other industrial equipment.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:
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, Hindustan Hydraulics Pvt. Ltd., JPW Industries Inc., Lodesani and Carreri Srl, LVD Co. nv, Mitsubishi Corp., Prada Nargesa SL, SafanDarley BV, Salvagnini Italia Spa, and TRUMPF SE Co. KG
Technavio market forecast the an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Million" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
Press brakes are essential machinery in metalworking industries for shaping and bending metal sheets accurately and efficiently. The market for press brakes is significant, with various applications in sectors like automotive, construction, and manufacturing. The demand for press brakes is driven by factors such as increasing industrialization, growing infrastructure development, and the need for precision in sheet metal fabrication. Press brakes come in various sizes and capacities, catering to different industries and applications. They are used to form complex shapes and contours in metal sheets, making them indispensable in industries like automotive, where precision and durability are crucial. The market for press brakes is expected to grow steadily due to the increasing demand for metal fabrication in various industries.
Moreover, the market landscape depends on Real-time monitoring, heavy substances, and industry needs. The trend towards automation and the adoption of advanced technologies like CNC press brakes are also expected to drive market growth. Press brakes are an essential investment for businesses in the metalworking industry, providing them with the capability to produce high-quality metal products efficiently and cost-effectively. The market for press brakes is competitive, with several key players offering a range of products to cater to different industry requirements. In conclusion, the market for press brakes is significant and growing, driven by the increasing demand for metal fabrication in various industries and the trend towards automation and advanced technologies. Press brakes are an essential investment for businesses in the metalworking industry, providing them with the capability to produce high-quality metal products efficiently and cost-effectively.
Market Scope |
|
Report Coverage |
Details |
Page number |
177 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.32% |
Market growth 2024-2028 |
USD 555.7 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
4.95 |
Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
Performing market contribution |
APAC at 39% |
Key countries |
China, US, Germany, Japan, and India |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
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, Hindustan Hydraulics Pvt. Ltd., JPW Industries Inc., Lodesani and Carreri Srl, LVD Co. nv, Mitsubishi Corp., Prada Nargesa SL, SafanDarley BV, Salvagnini Italia Spa, and TRUMPF SE Co. KG |
Market dynamics |
Parent market analysis, Punch and die set, market growth analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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