Global Digital Servo Press Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Digital Servo Press Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

A digital servo press normally features a controller, signal amplifiers, and active motor cooling with dedicated software to provide true closed-loop control of both position and force. By utilizing its function, servo presses are often employed to extend the forming limit and to improve product accuracy. To avoid errors in position sensing, multiple position measuring is employed in the digital servo press, combining absolute slide position sensors, and pulse coders. Other control loops are employed in digital servo press to avoid incorrect outputs.

Market Overview:

The latest research study on the global Digital Servo Press market finds that the global Digital Servo Press market reached a value of USD 1738.3 million in 2022. It’s expected that the market will achieve USD 2626.97 million by 2028, exhibiting a CAGR of 7.12% during the forecast period.

Influence of COVID-19 Outbreak on Digital Servo Press Industry Development

Automotive application took a rather large part of Digital Servo Press Industry. However, the rapid outbreak of COVID-19 has plunged the entire automotive supply chain into unexpected challenges. These main problems include OEMs shutdowns, reduced production, lack of adequate labor, and shortage of raw materials plus the fluctuating raw material prices.
According to relevant data released by the Alliance for Automotive Innovation as of March 26, 93% of all US car production was offline. These include Ford, General Motors, and Fiat Chrysler Motors, as well as other foreign automakers with operations at Honda, Toyota, and Volkswagen. For companies in the hardest-hit areas (such as Italy, France, and Spain), COVID-19 caused the business disruption, shutdown of car factories, and reduced demand for the digital servo press accordingly.
In addition, COVID-19 leads to a sharp decline in Vehicle sales, as people have restricted their behavior. The expected lower demand may cause some automakers to need to adjust production throughout the year. Though some places are restarting their factories, such as some U.S. plants are slowly reopening after a nine-week shutdown amid the coronavirus outbreak, the impacts of COVID-19 on the automotive industry and the digital servo press industry are still expected to last longer.
In Europe, updated data that the European Automobile Manufacturers' Association (ACEA) released earlier this month clearly demonstrates the sheer scale of the auto industry’s manufacturing footprint, that 298 automobile assembly and engine production plants operate in Europe, 196 of which are situated within the European Union. However, production at these factories has been severely impacted by the COVID-19 crisis since mid-March, with plants being closed for 30 working days on average to date. And although many of these factories have re-started production to some extent by now, they are all still operating well below pre-lockdown capacity. Last month alone, registrations of new passenger cars in the European Union posted a year-on-year decline of 76.3%. The fact that most of Europe was under lockdown for the entire month, resulted in the sharpest drop in car demand since records began.

April 1, 2019

AMADA HOLDINGS CO., LTD. transferred the stamping press business from AMADA MACHINE TOOLS CO., LTD. to AMADA ORII CO., LTD. AMADA ORII employs 539 workers worldwide, including those of the Erlanger, Kentucky-based Oriimec Corporation of America. AMADA ORII develops, manufactures, sells and services stamping presses, coil feed lines, transfer systems, and spring machines.

May 14, 2020

Distributor company Visionary Manufacturing Solutions founded to serve metal forming industry
Visionary Manufacturing Solutions (VMS) has been founded in Rochester, Mich., by J. Hunter Coe to serve the metal forming industry in Michigan and Canada. It represents companies that offer press automation, coil processing equipment, cut-to-length lines, stamping presses, roll forming equipment, pipe and tube mills, machine componentry, controls, and electrical services.
Coe most recently served as CEO at Coe Press Equipment, established by his father John C. Coe. The new company represents equipment from Bilsing Automation, HMS Products, Yates Cylinders, and Kent Corp.

Region Overview:

Asia Pacific is projected to account for a considerable share of the Digital Servo Press market and is expected to become the largest region by 2028.

Company Overview:

Komatsu America Industries is one of the major players operating in the Digital Servo Press market, holding a share of 2.96% in 2023.

Komatsu America Industries

Komatsu is an industry-leading manufacturer and supplier of equipment, technologies and services for the construction, forklift, mining, industrial and forestry markets. The company’s global service and distributor networks support customer operations, tapping into the power of data and technology to enhance safety and productivity while optimizing performance.

AMADA PRESS SYSTEM CO., LTD.

AMADA PRESS SYSTEM CO., LTD. provides products in stamping presses and stamping press equipment, spring machines.

Segmentation Overview:

By type, Less than 100KN segment accounted for the largest share of market in 2022.

Application Overview:

By application, the Automotive segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Digital Servo Press market covered in Chapter 3:

SINTOKOGIO
Komatsu America Industries
IAI
Atlas Copco
AMADA MACHINE TOOLS
HYUNDAE MECHANIC & ELECTRIC
Stamtec
Promess
Tox Pressotechnik
Kistler
SCHMIDT Technology Corporation
Hoden Seimitsu KakoKenkyusho
THK
Dai-ichi Dentsu Ltd.
Sanyo Machine Works
ESTIC Corporation
BIW
CORETEC INC
C&M Robotics
Janome Industrial Equipment

In Chapter 4 and Chapter 14.2, on the basis of types, the Digital Servo Press market from 2018 to 2029 is primarily split into:

Less than 100KN
100KN – 200KN
More than 200KN

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Digital Servo Press market from 2018 to 2029 covers:

Automotive
Motor and Electronic Industry
Aerospace
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)