Press Brakes Market to grow over $ 413 Mn in Industrial Machinery Industry | Technavio

NEW YORK, June 30, 2021 /PRNewswire/ —
The press brakes market is poised to…

NEW YORK, June 30, 2021 /PRNewswire/ —

The press brakes market is poised to grow by USD 413.87 million during 2021-2025, decelerating at a CAGR of over 5% during the forecast period.

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Read the 120-page report with TOC on «Press Brakes Market Analysis Report by Product (Hydraulic, Hybrid, Servo-electric, and Others), Application (Automotive industry, General machinery, Transportation equipment, Precision engineering, and Others), Geography (APAC, Europe, North America, South America, and MEA), and the Segment Forecasts, 2021-2025.»

The market is driven by the increase in demand for CNC press brakes. In addition, the incorporation of press brakes with IoT is anticipated to boost the growth of the press brakes market.

CNC machines provide a 3D view of the final product to be produced. Parameters such as the type of material, length of the flange, degree of bend, and the amount of thickness can be directly entered into the CNC software. This enables operators to arrange a sequence of operations easily. Moreover, the use of CNC machines increases the efficiency and accuracy of the product manufactured from the machine. With the growing demand for CNC manufactured products globally, the demand for CNC press brakes will increase during the forecast period.

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Major Five Press Brakes Companies:

ADIRA – METAL FORMING SOLUTIONS SA

The company offers a range of press brakes under the product line, BB Blue Bender (electric), PA/PA Plus (Hydraulic), PF Press Fast (Hybrid), and PH Press Heavy.

AMADA Co. Ltd.

The company offers a wide range of press brakes under HG Series, HG-ATC Series, HRB Series, HRB-ATC Series, HD-NT Series, and RG-M2 Series.

Baileigh Industrial Holdings LLC

The company offers various hydraulic press brakes such as manual press brakes, horizontal press brakes, and vertical press brakes.

CINCINNATI Inc.

The company manufactures and offers various press brakes under the product line, HYFORM, MAXFORM, AUTOFORM+, PROFORM+, BASEFORM, and large press brakes.

Dimeco Group

The company offers various types of press brakes under the brand Flexipress.

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Press Brakes Market Product Outlook (Revenue, USD mn, 2020-2025)

  • Hydraulic – size and forecast 2020-2025
  • Hybrid – size and forecast 2020-2025
  • Servo-electric – size and forecast 2020-2025
  • Others – size and forecast 2020-2025

Press Brakes Market Application Outlook (Revenue, USD mn, 2020-2025)

  • Automotive industry – size and forecast 2020-2025
  • General machinery – size and forecast 2020-2025
  • Transportation equipment – size and forecast 2020-2025
  • Precision engineering – size and forecast 2020-2025
  • Others – size and forecast 2020-2025

Press Brakes Market Geography Outlook (Revenue, USD mn, 2020-2025)

  • APAC – size and forecast 2020-2025
  • Europe – size and forecast 2020-2025
  • North America – size and forecast 2020-2025
  • South America – size and forecast 2020-2025
  • MEA – size and forecast 2020-2025

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Related Reports on Industrials Include:

Global Hydraulic Press Machine Market – Global hydraulic press machine market is segmented by end-user (transportation, general machinery, and others) and geography (APAC, Europe, North America, MEA, and South America).

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Global Forging Presses Market – Global forging press market is segmented by end-user (Automotive, Aerospace, and Others) and geography (APAC, Europe, North America, South America, and MEA).

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