Hydraulic press is a machine tool which utilizes the hydraulic equal of a machine-driven pedal or a hydraulic cylinder to produce compressive strength. These press machines are capable for assembling, flattening, manufacturing, quality control, repairs and manufacturing goods testing, bending, punching, and trimming products. Press structures are attached with heavyweight arc steel structures which can be effortlessly used as an alteration to variety of pressing requirements.
Hydraulic press machines are utilized in metal shaping process such as blanking, coining, stamping, and embossing. They are also used for metal stamping, which is a significant manufacturing process employed for the manufacturing the automobile body parts in the automotive industry. Utilization of hydraulic presses helps reduce labor charges and increase flexibility in manufacture of products.
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Increase in demand for fabricated metal from the automotive industry, globally, is projected to boost the hydraulic press machine market during the forecast period. There are several key drivers that boost the popularity of hydraulic press machine in the market. Currently, the vendors operating in the market vendors are focusing on the reduction of manufacturing costs in order to adapt to the changing trends in the market.
The global hydraulic press machine market can be segmented based on type, industry, application, end-user, and region type. In terms of type, the market can be classified into C- frame, H-frame, and others (Bulldozer Hydraulic Press and 4 Post Hydraulic Press). Based on industry, the hydraulic press machine market can be segregated into electrical and electronics, automotive, military, food & beverage, ceramic and abrasives, and others (Pulp and Paper, Energy and Power, and Manufacturing).
In terms of application, the hydraulic press machine market can be split into stamping, forging, compression molding, trimming, embossing, lamination, powder compacting, and others (heated platen, injection molding, punching and spotting). Based on end-user, the hydraulic press machine market can be bifurcated into Transportation industry & General Machinery industry.
The competition among global and regional players is high, due to the fragmented nature of the market. Based on region, the global hydraulic press machine market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. In North America, increase in demand for press machine by consumers is expected to drive the hydraulic press machine market. Europe has witnessed a rise in production of hydraulic press machines due to the increasing demand for them from the automotive industry in the region.
Several players are losing their share of the market in Asia Pacific owing to the increasing in number of new entrants entering the market in the region. Rapid expansion of the automotive industry in Middle East & Africa has driven the demand for hydraulic press machines in the region. Moreover, demand for disjoined and portable press machines by street vendors is anticipated to propel the hydraulic press machine market globally. South America is expected to remain an attractive market for hydraulic press machine during the forecast period.
Leading manufacturers operating in the global hydraulic press machine market are Beckwood Press, Greenerd, Hare Press, and Schuler. Other prominent vendors in the hydraulic press machine market include Amino, Asai Corporation, Betenbender Manufacturing, Dake, Dorst Technologies, Enerpac, French Oil Mill Machinery, Fujian Haiyuan Automatic Equipments, Gasbarre Products, Hefei Metalforming Machine Tools, Japan Automatic Machine, Jier Machine Tool, Jiangsu Yangli Group, Kojima Iron Works, Komatsu, Lasco, Nantong Metalforming Equipment, Neff Press, Osterwalder, SANKI SEIKO, Santec Exim, Siempelkamp, SMS Meer,Dees Hydraulic Industrial, Tianjin Tianduan Press, Wabash MPI, Worcester Presses, World Precise Machinery Group, Xuzhou Metalforming Machine Group (Xuduan Group), and YOSHIZUKA SEIKI.
Manufacturers are also making efforts to enhance their product quality by introducing new designs. This is likely to lead to the introduction of several advanced products in the market during the forecast period. Leading companies in the hydraulic press machine market offer a varied portfolio of better-performing products and sales service. This helps them capture a significant share of the market.
MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.
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This post was originally published on The Market Plan