Servo Press Market by Type (Crank and Screw), Capacity (Below 200T, 201T – 500T and Above 500T) and End-user industry (Automotive, Aerospace, Electrical & Electronics, and Other): Global Opportunity Analysis and Industry Forecast, 2021–2030
The global servo press market size was valued at 667.8 million in 2020, and is projected to reach $1,068.3 million by 2030, registering a CAGR of 4.8% from 2021 to 2030. Servo presses are extensively used for processes such as forging, punching, molding and metal forming. Servo presses are driven by servo motors instead of a standard flywheel, clutch and brake, which makes the press capable of providing full energy at any speed.
Stroke profiles of servo presses are fully programmable and they offer high production volume as compared to hydraulic presses. Servo presses are used in automotive, aerospace, electronics and other manufacturing facilities. Rapid growth of automotive industry in emerging countries and increasing in manufacturing activities, fuels the growth of servo press market. According to the International Council on Clean Transportation, by 2025, 7 out of 44 major U.S. automobile production factories will be producing solely electric vehicles. In the automobile sector, servo presses will now be employed to accomplish metal shaping.
Furthermore, companies are offering servo press for automotive manufacturing sectors for enhancing production and reduce time. For instance, in June 2019, a Japanese car manufacturer in U.S. has received a Hitachi Zosen Fukui MFES23000 All Servo Dem Press Line. The versatility and fast speed of the Servo Dem Press are achieved by using our innovative dual slider for the transportation device. The sight auto palletizer, which allows for 100% panel inspection, saves time and labor power.
Furthermore, increasing demand for efficient metal processing machines and increasing global consumption of electronic products drives the market. However, fluctuation in raw material prices may hamper the market growth. Furthermore, advancements in digital servo press technologies offers lucrative opportunities for growth of servo press market.
The global Servo press market is segmented on the basis of type, capacity, end user industry, and region. By type, the market is categorized into crank type and screw type. Depending on capacity, it is fragmented into below 200T, 200T – 500T and above 500T. On the basis of end user industry, it is categorized into automotive, aerospace, electrical & electronics and other. Region wise, the global market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Germany, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, Thailand, and Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
COMPETITION ANALYSIS
Key companies profiled in the Servo press market report include Amino Corporation, Hitachi Zosen Fukui Corporation, ISGEC Heavy Engineering Ltd., Japan Automatic Machine Co., Ltd., Komatsu Ltd., Nidec-Shimpo Corporation, Promess Incorporated, Schuler AG., SIMPAC Corp. and Tox Pressotechnik GmbH & Co. KG
KEY BENEFITS FOR STAKEHOLDERS
The report provides an extensive analysis of the current and emerging Servo press market trends and dynamics.
In-depth market analysis is conducted by constructing market estimations for the key market segments between 2020 and 2030.
Extensive analysis of the Servo press market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
A comprehensive analysis of all regions is provided to determine the prevailing opportunities.
The global Servo press market forecast analysis from 2021 to 2030 is included in the report.
The key market players within Servo press market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the Servo press industry.
GLOBAL SERVO PRESS MARKET SEGMENTS
BY TYPE
Crank
Screw
BY CAPACITY
Below 200 T
200 -500 T
Above 500 T
BY END USER INDUSTRY
Automotive
Aerospace
Electrical and Electronics
Others
BY REGION
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Italy
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
KEY PLAYERS
Amino Corporation
Hitachi Zosen Fukui Corporation
ISGEC Heavy Engineering Ltd.
Japan Automatic Machine Co., Ltd.
Komatsu Ltd.
Nidec-Shimpo Corporation
Promess Incorporated
Schuler AG
SIMPAC Corp.
Tox Pressotechnik GmbH & Co. KG
List of Company Profiles
Amino Corporation
Hitachi Zosen Fukui Corporation
ISGEC Heavy Engineering Ltd.
Japan Automatic Machine Co., Ltd.
Komatsu Ltd.
Nidec-Shimpo Corporation
Promess Incorporated
Schuler AG.
SIMPAC Corp.
Tox Pressotechnik GmbH & Co. KG
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