The Europe Press Brakes Market would witness market growth of 5.3% CAGR during the forecast period (2023-2030).
The Germany market dominated the Europe Press Brakes Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $46,338.3 Thousands by 2030. The UK market is exhibiting a CAGR of 4.3% during (2023 - 2030). Additionally, The France market would experience a CAGR of 6% during (2023 - 2030).
These machines are extensively used in the automotive sector to manufacture various components, including body panels, chassis parts, brackets, and structural reinforcements. These components require precise bending to meet the automotive industry's stringent quality and safety standards. Increasing automobile manufacturing translates into higher demand.
In the aerospace sector, these machines are utilized for fabricating aircraft components such as fuselage panels, wing ribs, engine mounts, and landing gear parts. The aerospace industry demands high-precision bending processes to ensure critical aerospace components' structural integrity and performance. Similarly, these machines are vital in the construction industry for producing metal components for building structures, infrastructure projects, and architectural applications.
The growing construction activities in France stimulate the metal fabrication industry, encompassing businesses producing metal structures and components. According to the European Commission, the number of households in France has continuously increased since 2010, reaching 30.4 million in 2020. This represented an 8.9% increase compared to the 2010 level of 27.9 million. Similarly, adopting smart manufacturing practices in Sweden can significantly advance machinery design, production, and operation. According to the International Trade Administration (ITA), Sweden's manufacturing and industrial engineering sectors are robust and profitable, contributing nearly 20 percent of the nation's GDP, or $100 billion, with advanced manufacturing generating about $36 billion in revenue. 75% of Swedish exports are made in this sector. Therefore, the increasing construction and expansion of smart manufacturing in the region propels the market's growth.
Free Valuable Insights: The Global Press Brakes Market will Hit USD 831.5 Million by 2030, at a CAGR of 5.7%
Based on Power Source, the market is segmented into Electric, and Hydraulic. Based on Axis, the market is segmented into 2 to 4 Axis, 4 to 6 Axis, and 6 to 8 Axis. Based on Product Type, the market is segmented into Hydraulic, Servo-Electric, Hybrid, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
By Power Source
By Axis
By Product Type
By Country
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