Hydraulic Press Machine Market Is Estimated To Expand At A Healthy CAGR In The Upcoming Forecast Period

                             f:id:jamesandersonwts:20190524151943j:plain

The global hydraulic press machine market is expected to register a CAGR of 4.8% during 2017 – 2023 and reach a value of $11,733.2 million by 2023. Hydraulic press machine refers to a mechanical device used in industrial manufacturing processes.

Hydraulic press machines are also used in metal fabrication and metal extrusion processes. The level of force offered by hydraulic press machines cannot be duplicated with pneumatic and mechanical presses.

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As per the findings of the research, hydraulic press machines are widely used in industries such as automotive, ceramics and abrasives, electrical and electronics, food and beverages and military. Of these, automotive industry led the market for hydraulic press machines globally, and is expected to continue its dominance during the forecast period as well, owing to the amplifying demand for fabricated metal.

Major factors propelling the growth of the global hydraulic press machine market include surge in demand for fabricated metal, increased automation in manufacturing sectors and operational advantages of hydraulic press machines over traditional mechanical press machines.

Asia-Pacific garnered the largest revenue in the global hydraulic press machine market in 2016, and it is anticipated to maintain its dominance over next few years. Increasing demand for automobiles, electronic goods, advancement in military sector are the major factors that are expected to spur growth in the market for hydraulic press machine market in Asia-Pacific.

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The research states that the structure of hydraulic press machine market is fragmented with the presence of large number of regional and international players, which makes the market highly competitive. However, it is difficult for regional and local players to challenge international players in terms of quality, functionality, features and services.

GLOBAL HYDRAULIC PRESS MACHINE MARKET SEGMENTATIONBy Type

  • H-Frame
  • C-Frame
  • Others (4 Post Hydraulic Press and Bulldozer Hydraulic Press)

By Industry

  • Automotive
  • Military
  • Electrical and Electronics
  • Ceramic and Abrasives
  • Food and Beverages
  • Others (Pulp and Paper, Energy and Power, and Manufacturing)

By Application

  • Stamping
  • Forging
  • Compression Molding
  • Embossing
  • Lamination
  • Trimming
  • Powder Compacting
  • Others (Heated Platen, Injection Molding, Punching and Spotting)