According to a new report Global Servo Press Market, published by KBV research, The Global Servo Press Market size is expected to reach $865.6 million by 2027, rising at a market growth of 4.6% CAGR during the forecast period.
The Screw market shows high market share in the Global Servo Press Market by Type 2020, achieving a market value of $489.8 million by 2027. Forged items, such as engine valve heads, are made using screw segments. It is made consisting of a vertical rectangular frame on upper end of which is attached a servo-controlled motor that powers a screw equipped with a fly wheel to push the press's ram up and down. The top die is attached on the ram bottom, whilst bottom die is positioned on the press's bolster plate.
The Automotive market acquired maximum revenue share in the Global Servo Press Market by Industry 2020, growing at a CAGR of 4% during the forecast period. The automotive sector uses servo presses for a variety of metal forming applications. Servo presses are frequently used by OEMs in the automotive industry to improve product quality. Servo presses are commonly employed in the automotive industry for high-volume, high-quality assembly.
The Above 500 T market is generating high revenue in the Global Servo Press Market by Capacity 2020, achieving a market value of $423.1 million by 2027. The enormous pressures necessary in the automobile sector to form, trim and pierce newly developed efficient high steel (AHSS) grades pose substantial problems to the press and equipment. In the automobile sector, this necessitates greater tonnage, larger motors and driving systems, and larger bed and slide dimensions to handle larger dies.
The Asia Pacific market is the fastest growing region in the Global Servo Press Market by Region 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $376.1 million by 2027. The North America market is expected to witness a CAGR of 4.3% during (2021 - 2027). Additionally, The Europe market is expected to witness a CAGR of 4.1% during (2021 - 2027).
Full Report: https://www.kbvresearch.com/servo-press-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Komatsu Ltd., Nidec Corporation, SIMPAC, Inc., Isgec Heavy Engineering Ltd., Hitachi Zosen Corporation, ANDRITZ Group (Schuler Group GmbH), TOX PRESSOTECHNIK GmbH & Co.KG, Japan Automatic Machine Co., Ltd., and Promess, Incorporated.
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