Press Brake Market Projections Highlight Positive Revenue Share during 2018-2026

Posted by Arslan on August 20th, 2019

Press Brake is a machine pressing tool used for bending sheet and plates mostly sheet metal forming bends by clamping the work piece. Due to several benefits and advantages, press brake are extensively used for numerous applications which is expected to create ample growth opportunities during the forecast period. Use of press brake in rapidly growing transport machinery applications aims to deliver increased growth for Press Brake Market. Owing to the increasing frequency of press brake purchase, rising consumer awareness, the manufacturing of press brake is also increasing globally with APEJ registering high growth for the market during the forecast period. Press brake market is creating an opportunity for market participants to penetrate a high market share during the forecast period. The press brake comprises of small number of local and global vendors.

Global Press Brake Market Scenario

The global press brake market is projected to witness lower single digit growth in developing, as well as developed economies, during the forecast period, according to the company’s research study. Mechanical press brake is a widely used press brake across the globe. However, Hydraulic and Pneumatic press brake are also gaining high attraction across different end users. Automotive industry reflects high adoption of press brake. Press brake are expected to witness high demand from the angle cutters and sheet cutters in the years to follow. Higher demand for pneumatic press brake across the globe, increasing demand for transportation and machinery coupled with rising consumer awareness with benefits associated with press brake, and facilitate easy programmability of operational parameters have triggered the use of press brake on a regular basis, thus driving the growth of the global press brake market.

Global Press Brake Market Dynamics

Established market in regions like North America and Europe are expected to dominate the press brake market in terms of value, whereas developing regions like Latin America and APEJ is likely to multiply press brake market throughout the forecast period. Also, the global market for press brake is expected to witness growth factors with the rapidly increasing use of press brake in applications like transport machinery, angle cutting, sheet cutting, building & construction, automotive and rapidly increasing general machinery applications. Stringent norms in certifications of press brake is likely to hamper the growth of the market.

Global Press Brake Market Segmentation

The Press brake market can be segmented on type and application. On the basis of type, press brake market can be categorized into Mechanical, Pneumatic, Hydraulic and Servo - Electric. On the basis of application, the Press brake market can be segmented into Automotive

General Machinery, transport machinery, building and construction, angle cutting, sheet cutting and other applications. Geographically, the global market for Press brake can be segmented into seven regions, namely North America, Latin America, Europe, CIS & Russia, Asia Pacific excluding Japan, Japan, and Middle East & Africa.

Global Press Brake Market Key Players

The press brake manufacturers are primarily focusing on emerging countries to gain a huge operating revenue. Key vendors in the market are continuously introducing new press brake products. Several small and large manufacturers are expanding their segments and entering to the manufacturing of press brakes. Some of the key market participants in the press brake market are MC Machinery Systems, Amada, Bystronic, TRUMPF, US Industrial Machinery, Cincinnati, Eagle Bending Machines, ERMAKSAN, Betenbender, IMAC,   Jayson Machines, Santec Group. Accurl, Salvagnini America, MetalForming, HACO, EHRT/International Technologies etc.

The research report presents a comprehensive assessment of the press brake market and contains thoughtful insights, facts, and historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to press brake market segments such as geographies, type and applications.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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