Press Brake Machine Market: Introduction
Press brake machine is a pressing tool for bending plate and sheet material, generally sheet metal. Sides of a press brake machines are formed by two C-shaped frames linked to bottom table and moveable upper beam. The bottom tool rests on table however top tool is attached to upper beam of press break. The workpiece is clamped between matching punch and die to form a preset bend. The characterization of capacity of a press brake machine is based on parameters like working length, work height, amplitude, stroke, tonnage, and distance between side housings or frame uprights. Numerous industries including automotive, transport, aviation, general machinery, and construction have wide range of applications for press brakes. Major factor for driving the growth of the global Press Brake Machine Market, is the swelling demand for fabricated metal products.
Press Brake Machine Market: Dynamics
Fabricated metals are required in transport machinery, building machinery, stamped metal products, cutlery & utensils, automotive industry and other metal based hardware. Moreover the increasing demand for fabricated metals development and transportation machinery industries is expected to surge the demand for fabricated metal products, directly impacting on the demand for press brakes and hence projected to drive the growth in global Press Brake Machine Market.
The conventional press brake machines have less convenience, and high domain expertise as well as operational skill is essential to operate these machines, leading to increased operating cost of press brakes. This is the factor expected to hamper the growth in the global Press Brake Machine Market.
The development of new and innovative press brake machines with user friendly interfaces have considerable improvement in operational efficiency and ease of use for these machines. Recent improvements are in the control and the device called as ‘backgauge’. Backgauge is a device used for accurately positioning a piece of metal to put the bend in correct place. Moreover the backgauge can be programmed to move between the bends for repeated operations. These are anticipated to have substantial impact on global Press Brake Machine Market in the forecast period.
Recently one of the key manufacturers have launched a new high speed hydraulic press brake machines along with fiber laser and portable electric press brake machines.
Press Brake Machine Market: Segmentation
The global Press Brake Machine Market is segmented on the basis of product type, application and bending methods.
On the basis of product type, the global Press Brake Machine Market is segmented as:
On the basis of application, the global Press Brake Machine Market is segmented as:
On the basis of bending methods, the global Press Brake Machine Market is segmented as:
Press Brake Machine Market: Regional Outlook
By virtue of the escalation in industrial automation and rising construction activities, Europe is anticipated to have prominent share in the global Press Brake Machine Market along with Asia Pacific region.
Asia Pacific region is projected to have major market share owing to rising industrial developments and increased automotive production. The factors driving the Press Brake Machine Market in countries like China, India are low production cost, easy and economical availability of labor, safety norms and government initiatives for FDIs are expected to drive market. By virtue of these factors Asia Pacific is anticipated to witness higher growth than matured markets like North America and Europe in the forecast period.
Press Brake Machine Market: Key Players
Some of the key players in the global Press Brake Machine Market are:
The research report presents a comprehensive assessment of the Press Brake Machine Market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to the Press Brake Machine Market segments such as geographies, valve type, and vehicle type.
The report covers exhaustive analysis on:
Regional analysis includes:
The global Press Brake Machine Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The global Press Brake Machine Market report provides an in-depth analysis of parent market trends, macro-economic indicators, and governing factors along with market attractiveness as per segments. The global Press Brake Machine Market report also maps the qualitative impact of various market factors on market segments and geographies.