“Global Press Brakes Market to reach a market value of USD 831.5 Million by 2030 growing at a CAGR of 5.7%”
The Global Press Brakes Market size is expected to reach $831.5 million by 2030, rising at a market growth of 5.7% CAGR during the forecast period.
North America offers a conducive business environment with access to capital, a skilled workforce, innovation hubs, and favorable government policies supporting manufacturing and industrial growth. These factors attract investments and encourage the expansion of manufacturing operations, fueling the demand for these machines in the region. Consequently, the North American region would acquire nearly, 30% of the total market share by 2030.
Industry 4.0 technologies enable the automation of press brake operations through robotics and automated material handling systems. In addition, Industry 4.0-enabled machines utilize sensors and predictive analytics to monitor machine conditions and performance in real time. Therefore, increasing integration of these machines with Industry 4.0 is driving the market's growth. Additionally, increasing aftermarket services allows manufacturers to enhance customer support and satisfaction. Regular maintenance and timely repairs offered through aftermarket services help extend the lifespan of press brake machines. Therefore, growing aftermarket services are propelling the growth of the market.
However, press brake equipment can be costly, particularly with sophisticated features like automated bending capabilities, servo-electric motors, and CNC systems. Moreover, installing and setting up a press brake machine requires skilled labor and may involve additional costs for site preparation, electrical wiring, and equipment calibration. Hence, high initial investment is impeding the growth of the market.
On the basis of power source, the market is segmented into electric and hydraulic. In 2022, the hydraulic segment attained a 20% revenue share in the market. Hydraulic press brakes are widely available from numerous manufacturers worldwide, offering customers a wide selection of options in terms of machine size, capacity, and features. This global availability ensures accessibility and support for hydraulic press brake users across different regions and industries.
By axis, the market is divided into 2 to 4 axis, 4 to 6 axis, and 6 to 8 axis. The 6 to 8 axis segment procured a 11% revenue share in the market in 2022. These machines with 6 to 8 axes feature advanced control systems and programming capabilities that simplify setup, optimize bending sequences, and ensure consistent part quality. Intuitive user interfaces, offline programming software, and simulation tools enable operators to visualize and optimize bending processes before production, reducing setup times and minimizing scrap rates.
Based on product type, the market is divided into hydraulic, hybrid, servo-electric, and others. The hybrid segment procured a 10% revenue share in the market. Hybrid brakes retain the high force capacity of hydraulic systems, making them suitable for bending thick and heavy materials. This allows manufacturers to handle various applications, including large-scale fabrication projects and high-volume production runs. Also, hybrid brakes often feature advanced safety systems such as light curtains, safety interlocks, and collision detection sensors.
Free Valuable Insights: Global Press Brakes Market size to reach USD 831.5 Million by 2030
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. In 2022, the Asia Pacific region witnessed 36% revenue share in the market. Some of the world's largest and most rapidly expanding manufacturing economies, including those of Japan, China, South Korea, and India, are in the Asia Pacific region. Rapid industrialization and economic development have fueled demand for these machines to support diverse manufacturing sectors such as automotive, aerospace, electronics, construction, and consumer goods.
| Report Attribute | Details |
|---|---|
| Market size value in 2022 | USD 439.1 Million |
| Market size forecast in 2030 | USD 831.5 Million |
| Base Year | 2022 |
| Historical Period | 2019 to 2021 |
| Forecast Period | 2023 to 2030 |
| Revenue Growth Rate | CAGR of 5.7% from 2023 to 2030 |
| Number of Pages | 196 |
| Number of Tables | 350 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
| Segments covered | Power Source, Axis, Product Type, Region |
| Country scope |
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| Companies Included | Baykal Makine San. Tic. A.S., Amada Co., Ltd., ANHUI DONGHAI YUXIANG IMPORT&EXPORT CO., LTD, Ermaksan, Cincinnati Incorporated, Dener Makina, ACCURL CNC MACHINE (ANHUI) MANUFACTORY CO.LTD., LVD Company NV, Prima Industrie S.p.A. and Durmazlar Machinery Inc. |
By Power Source
By Axis
By Product Type
By Geography
This Market size is expected to reach $831.5 million by 2030.
Growing integration with industry 4.0 are driving the Market in coming years, however,High initial investment costs of press brakes restraints the growth of the Market.
Baykal Makine San. Tic. A.S., Amada Co., Ltd., ANHUI DONGHAI YUXIANG IMPORT&EXPORT CO., LTD, Ermaksan, Cincinnati Incorporated, Dener Makina, ACCURL CNC MACHINE (ANHUI) MANUFACTORY CO.LTD., LVD Company NV, Prima Industrie S.p.A. and Durmazlar Machinery Inc.
The expected CAGR of this Market is 5.7% from 2023 to 2030.
The 2 to 4 Axis segment led the Market by Axis in 2022; there by, achieving a market value of $457 Million by 2030.
The Asia Pacific region dominated the Market by Region in 2022, and would continue to be a dominant market till 2030; there by, achieving a market value of $312 Million by 2030.
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