Hydraulic Press Machines Market Anticipated to Reach $21,089.2 Million by 2025
October 14, 2021
Owing to surge in demand for high force pressing applications in various industries such as automotive and aerospace drives the market.PORTLAND, OR, UNITED STATES, October 14, 2021 /EINPresswire.com/ -- Hydraulic Press machine generates compressive force by utilizing liquid pressure, and is used for press work application such as blanking, punching, coining, trimming, and others. In hydraulic press, the pressure is generated throughout an enclosed cylinder, in which hydraulic pressure is converted into kinetic energy of piston, which in turn produces shear stress between die and punch, which cuts or presses the metal. These machines are used for the for transforming metallic objects into sheets and making powders for pharmaceutical & medical industries.
The hydraulic press machines market size was valued at $14,293.3 million in 2017, and is projected to reach at $21,089.2 million by 2025, growing at a CAGR of 4.7% from 2018 to 2025.
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Increase in demand for high force pressing applications in various industries such as automotive and aerospace, growth in adoption of technologically advanced automated systems in manufacturing industry, and rise in demand for fabricated metal in automotive industry, are expected to drive the market growth. However, increase in use of 3D printing equipment as an alternative of hydraulic press machines and uncertainty in Chinese economy are expected to hinder the demand for hydraulic press machines.
Top 10 Leading Players
Greenerd Press & Machine Co.
Betenbender Manufacturing, Inc.
DORST Technologies GmbH & Co. KG
Enerpac (Actuant Corporation)
Fujian Haiyuan Automatic Equipments
Japan Automatic Machine Co., Ltd.
French Oil Mill Machinery
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Key Market Segments
C-Frame Hydraulic Press
H-Frame Hydraulic Press
Bench Frame Hydraulic Press
4-Column Hydraulic Press
By Industry Vertical
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