Press Brakes Market Scope
A press brake is a machine pressing tool which is used for plate material and bending sheet, mainly for bending of sheet metal. It is normally narrow and long so that large pieces of sheet metal can be bent by it. It bends sheet metal by sinking a punch on sheet metal and metal may be bent many times by a press brake until the achievement of desired form. The working capacity of a press brake is considered on parameters like working length, stroke, tonnage, the distance between frame uprights or side housings. The operating speed of an upper beam ranges from 1 to 15 mm/s. in a press brake. The workpiece or metal sheet is clinched between matching punch and die to form a perfect bend. Various industries including automotive, aviation, transport, general machinery, and construction have wide range of applications for press brakes. Main key factor for pouring the growth of the Press Brake is the mounting demand for fabricated metal products across the globe.
The Press Brakes market study is segmented by Type (Electric, Mechanical, Hydraulic and Pneumatic), by Application (Building and Construction, Power Generation, Automobile, Transportation, Shipbuilding and Other) and major geographies with country level break-up.
There are various companies are working to overcome challenge so that to increase the demand for press breaks. There are various market players are entering in this industry to capture market growth opportunities. The market leaders are investing on organic and non-organic strategic growth initiatives to become dominant in this industry.
Amada Co (Japan), Salvagnini America (United States), Baileigh Industrial (United States), Komatsu (Japan), Hindustan Hydraulics (India), Santec Group (India), MetalForming (United States), Ketec Precision Tooling (United States) and US Industrial Machinery(United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Bystronic (India) and Carell Corporation(United States).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
AdvanceMarketAnalytics has segmented the market of Global Press Brakes market by Type, Application and Region.
On the basis of geography, the market of Press Brakes has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
In August 2020, Pacific Press Technologies has launched its new offering of Eco-Press Brake and added it in their Eco-Series of machinery. There is huge demand for an extremely durable press brake hence company has launched its innovative Eco-Press Break. This are Eco-Brake is comprises of all latest technology which provide the safety and cost savings during handling. Its features includes multi-axis backgauge, remote access capability, mobile monitoring, multiple safety features and LED lighting.
- Use of backgauge is trending which is mainly for accurately positioning of metal piece to put the bend in correct place is reducing duration of operations. Further programmed backgauge are effective for repeated operations.
- Progress in the automation industry driving the demand for press breaks
- The growing need for superior-quality products for automation in manufacturing impacting on the demand positively
- New and advanced Eco press brakes with user-friendly interfaces has created ease in handling which providing opportunity to the market
- Lack of skilled and trained workforce with high operational skill is essential to operate these machines are expected to hamper the growth
- Labour shortage leads to increase installation time, resulting in high cost
Key Target AudienceVenture Capitalists and Private Equity Firms, New Entrants/Investors, Strategic Business Planners, Manufacturers, Suppliers and Distributors, Government Regulatory and Research Organizations and End-Use Industries
Frequently asked questions:1. Is it possible to have certain customization in the study?
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a study that suits your business objectives.
2. How big is the Press Brakes Market?
Yes, the study does represent market size by key business segment, application/end users and major geographies forecasted till 2025.