The press brakes market is poised to grow by USD 379.37 millionduring 2020-2024, progressing at a CAGR of over 4% during the forecast period. Request free sample pages
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Technavio has announced its latest market research report titled global press brakes market 2020-2024 (Graphic: Business Wire)
Read the 155-page report with TOC on "Press Brakes Market Analysis Report by Product (Hydraulic, Mechanical, Pneumatic, and Servo-electric), by Application (Automotive industry, General machinery, Transportation equipment, Precision engineering, and Others), by Geographic segmentation (APAC, Europe, MEA, North America, and South America), and the Segment Forecasts, 2020-2024".
https://www.technavio.com/report/press-brakes-market-industry-analysis
The market is driven by the increase in demand for CNC press brakes. In addition, the incorporation of press brakes with IoT is anticipated to boost the growth of the press brakes market.
Computer numeric controlled (CNC) press brakes programmed machines are gaining traction in the market as they allow the bending of sheet metal based on prerequisite conditions. The modern CNC press brakes enable the operators to arrange the sequence of bends easily. The machine automatically identifies the amount of pressure required to create a specific degree of bend. It fetches the information about length of flange, type of material, and its thickness directly from the CNC control unit. It also allows the preview of the final product in 3D. It has a flexible user interface and boosts the efficiency and accuracy of the final product. These factors are propelling the demand for CNC press brakes, which is expected to drive market growth during the forecast period.
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Major Five Press Brakes Market Companies:
ADIRA Metal-Forming Solutions SA
ADIRA Metal-Forming Solutions SA is headquartered in Portugal and operates the business under various segments such as Press brakes, Shears, Software, and AM. The company offers products such as PF Fast, PH Heavy Duty, GreenBender, Bluebender, and PA Hexa C.
Amada Holdings Co. Ltd.
Amada Holdings Co. Ltd. is headquartered in Japan and offers products through the following business units: Metalworking Machinery business and Metal Machine Tools business. The company offers products such as HG Series, HG-1003ATC, HD-NT Series, and EG Series.
Baileigh Industrial Holdings LLC
Baileigh Industrial Holdings LLC is headquartered in the US and operates under various business segments, namely Metalworking and Woodworking. The company offers manual press brakes, horizontal press brake, vertical press brakes, and press brake tooling.
CINCINNATI Inc.
CINCINNATI Inc. is headquartered in the US and offers press brakes such as HYFORM series press brake, MAXFORM series press brake, AUTOFORM+ series press brake, and Proform+ series press brake.
Dimeco Group
Dimeco Group is headquartered in France and offers products through the following business segments: Solutions, Services, and Applications. The company offers press brakes called hydraulic press brake/CNC.
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Press Brakes Market Product Outlook (Revenue, USD Million, 2020-2024)
- Hydraulic
- Mechanical
- Pneumatic
- Servo-electric
Press Brakes Market Application Outlook (Revenue, USD Million, 2020-2024)
- Automotive industry
- General machinery
- Transportation equipment
- Precision engineering
- Others
Press Brakes Market Regional Outlook (Revenue, USD Million, 2020-2024)
- APAC
- Europe
- MEA
- North America
- South America
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