Title: Global Hydraulic Press Machine Market to Witness 4.8% CAGR during 2017 - 2023
1Global Hydraulic Press Machine Market to Witness
4.8 CAGR during 2017 2023
2Global Hydraulic Press Machine Market
According to a new market research report Global
Hydraulic Press Machine Market Size, Share,
Development, Growth and Demand Forecast to 2023 -
Industry Insights by Type (H-Frame, C-Frame and
Others), by Industry (Automotive, Military,
Electrical and Electronics, Ceramic and
Abrasives, Food and Beverages, and Others), by
Application (Stamping, Forging, Compression
Molding, Embossing, Lamination, Trimming, Powder
Compacting and Others) published by PS Market
Research, the global hydraulic press machine
market is projected to grow at CAGR of 4.8
during 2017-2023. Explore Report Description at
https//www.psmarketresearch.com/market-analysis/h
ydraulic-press-machine-market
3Global Hydraulic Press Machine Market
Global hydraulic press machine market to witness
a moderate growth by 2023
As per the research, the global hydraulic press
machine market is expected to register a CAGR of
4.8 during 2017 2023 and reach a value of
11,733.2 million by 2023. Hydraulic press
machine refers to a mechanical device used in
industrial manufacturing processes. These
machines are widely used in several industries
including automotive, military and ceramics to
perform various tasks such as coining, blanking,
stamping and embossing. Hydraulic press machines
are also used in metal fabrication and metal
extrusion processes. The level of force offered
by hydraulic press machines cannot be duplicated
with pneumatic and mechanical presses. Major
factors propelling the growth of the global
hydraulic press machine market include surge in
demand for fabricated metal, increased automation
in manufacturing sectors and operational
advantages of hydraulic press machines over
traditional mechanical press machines. Moreover,
hydraulic press machines are made of stainless
steel owing to which these presses are highly
durable. Durability of these presses is one of
the major reasons to which the increase their
adoption by various press end-users can be
attributed.
4Global Hydraulic Press Machine Market
Insights on market segments
As per the findings of the research, hydraulic
press machines are widely used in industries such
as automotive, ceramics and abrasives, electrical
and electronics, food and beverages and military.
Of these, automotive industry led the market for
hydraulic press machines globally, and is
expected to continue its dominance during the
forecast period as well, owing to the amplifying
demand for fabricated metal. Uninterrupted demand
for automobiles across the globe is one of the
major factors propelling the adoption of
hydraulic press machines in this industry.
Hydraulic press machines offer advantages such as
reduced labor cost, high production and
adaptability in fabrication, which are likely to
create positive outlook for this market.
5Global Hydraulic Press Machine Market
Asia-Pacific The largest hydraulic press
machine market
Asia-Pacific garnered the largest revenue in the
global hydraulic press machine market in 2016,
and it is anticipated to maintain its dominance
over next few years. Increasing demand for
automobiles, electronic goods, advancement in
military sector are the major factors that are
expected to spur growth in the market for
hydraulic press machine market in Asia-Pacific.
6Global Hydraulic Press Machine Market
Increasing demand for fabricated metal from
automotive industry to bolster market growth
The increasing demand for fabricated metal in
automotive industry is expected to create growth
opportunities for the global hydraulic press
machine market in near future. Metal fabrication
refers to the process of transforming a piece of
metal into end-use or intermediate product by
forging, stamping, welding, forming, machining
and several others processes. Hydraulic press
machines are capable enough to perform all the
tasks required for metal fabrication. Metal
stamping is one of the important metal
fabrication processes used in the automotive
industry to manufacture automobile body parts
while using hydraulic press machines. The
automotive manufacturing industry reported
consolidated structure across the globe, where
fewer players account for a major market share.
Asia-Pacific is expected to register notable
growth in automotive industry during the forecast
period. Growth of automotive manufacturing in
Asia-Pacific is largely driven by the emerging
economies such as India, China and Indonesia.
Rapid increase in the number of automakers in
emerging nations of Asia-Pacific is expected to
spearhead the hydraulic press machine market in
the region. Unlike, Asia-Pacific, automotive
manufacturers suffered in Europe because of the
excess capacity and their exposure in the
European market. However, automotive industry is
likely to grow in near future, owing to the
augmented demand of automobiles across the globe.
This is again foreseen to spur the demand for
metal castings, forgings and stampings, and is
likely to propel the growth of the global
hydraulic press machines market.
7Global Hydraulic Press Machine Market
High intensity of rivalry
The research states that the structure of
hydraulic press machine market is fragmented with
the presence of large number of regional and
international players, which makes the market
highly competitive. However, it is difficult for
regional and local players to challenge
international players in terms of quality,
functionality, features and services. Some of the
major companies operating in the global hydraulic
press machine market include Beckwood Press,
Greenerd, Hare Press and Schuler. Other prominent
players operating in the global hydraulic press
machine market are Amino Corporation, 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 and
Komatsu
8Global Hydraulic Press Machine Market
Download report sample at
https//www.psmarketresearch.com/market-analysis/h
ydraulic-press-machine-market/report-sample
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