Global Press Brakes Market 2024-2028
The press brakes market is forecasted to grow by USD 555.7 mn during 2023-2028, accelerating at a CAGR of 5.32% during the forecast period. The report on the press brakes market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by an increase in demand for CNC press brakes, growing demand for SUVs and pick-up trucks, and growing demand for fabricated metal products.
Technavio's press brakes market is segmented as below:
By Application
- Automotive industry
- General machinery
- Transportation equipment
- Precision engineering
- Others
By Product
- Hydraulic
- Hybrid
- Servo-electric
- Others
By Geographical Landscape
- APAC
- Europe
- North America
- South America
- Middle East and Africa
This study identifies the incorporation of press brakes with IoT as one of the prime reasons driving the press brakes market growth during the next few years. Also, development of robotic arms for press brakes and prevalence of 3D-printed press brake tools will lead to sizable demand in the market.
The report on the press brakes market covers the following areas:
- Press brakes market sizing
- Press brakes market forecast
- Press brakes market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading press brakes market vendors that include 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. Also, the press brakes market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.