Global Press Brake Market Overview
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.
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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.
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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.
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