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NEW YORK , June 7, 2022 /PRNewswire/ -- The hydraulic press machine market size is expected to grow by USD 1.07 billion from 2020 to 2025, progressing at a CAGR of 1.62% as per the latest market report by Technavio. The surge in demand for fabricated metal in the automotive sector is a major factor driving the global hydraulic press machine market share growth. In the automotive industry, fabrication is an important process in the manufacturing of the body and parts for a hydraulic press machine. The market for hydraulic press machines in the automotive sector is expected to be driven by the growing demand for SUVs and commercial vehicles globally. The US, India , Japan , Russia , and China cumulatively accounted for 67.84% of the global SUV sales in 2018. Hydraulic machines are quite versatile since different shapes and sizes of components used in these vehicles can be fabricated using various types of dies. The incorporation of automation mechanisms with hydraulic presses leads to a reduction in labor costs as well as an increase in production. Therefore, such factors will lead to the growth of the market during the forecast period.
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The competitive scenario provided in the Hydraulic Press Machine Market report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc. Don't wait, Make a strategic approach & boost your business goals with our Hydraulic Press Machine Market Forecast Report - Buy Now!
Hydraulic Press Machine Market: End User Landscape
The hydraulic press machine market share growth in the transportation segment will be significant for revenue generation. The transportation segment includes the automotive, shipping, and railway sectors, wherein, the shipbuilding industry is expected to increase the demand for metal forming manufacturing machines, including hydraulic press brake machines. This will, in turn, drive the overall demand for hydraulic press machines.
Hydraulic Press Machine Market: Geography Landscape
79% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for the hydraulic press machine market in APAC. Market growth in this region will be faster than the growth of the market in all other regions. The growth in the general machinery and automotive segments will facilitate the hydraulic press machine market growth in APAC over the forecast period.
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Hydraulic Press Machine Market: Vendor Analysis
The hydraulic press machine market is fragmented and the vendors are deploying growth strategies such as organic and inorganic growth strategies to compete in the market. The hydraulic press machine market report offers information on several market vendors, including Amino North America Corp., Andritz AG, Asai Corp., Beckwood Press, Betenbender Manufacturing Inc., DEES Hydraulic Industrial Co. Ltd., Doerfer Companies, Greenerd Press and Machine Co. Inc., Nantong Metalforming Equipment Co. Ltd., and Yangli Group Corporation Ltd. among others.
Hydraulic Press Machine Market Scope
Accelerate at a CAGR of 1.62%
Leading companies, competitive strategies, consumer engagement scope
Amino North America Corp., Andritz AG, Asai Corp., Beckwood Press, Betenbender Manufacturing Inc., DEES Hydraulic Industrial Co. Ltd., Doerfer Companies, Greenerd Press and Machine Co. Inc., Nantong Metalforming Equipment Co. Ltd., and Yangli Group Corporation Ltd.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,
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About Us Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports, covering 800 technologies spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/
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