Press Brake Machine Market
Market Study on Press Brake Machines: Popularity of Digitally-controlled Systems to Rise Steadily Going Forward
Press Brake Machine Segmented By Mechanical, Pneumatic, Hydraulic, Servo Electric Press Brake Machines Type for Manual, Semi-Automatic and Automatic Operation
Press Brake Machine Market Outlook (2022-2032)
The global press brake machine market size reached US$ 569.1 Mn at the end of 2021. Sales of press brake machines are projected to increase at a CAGR of 6.1% across the 2022-2032 assessment period and reach a market value of US$ 1.03 Bn by the end of 2032.
Together, hydraulic press brake machines and pneumatic press brake machines account for more than 74% share of the global market.
Demand for press brake machines is being driven by the rising consumption of sheet metals from various end-use industries such as automobiles, transportation, construction, and metal fabrication. Furthermore, increased consumer spending power and rising government spending on infrastructure development will drive the demand for sheet metal processing equipment.
The press brake machine market is projected to grow in several countries around the world as a result of rapid urbanization and rising consumer expenditure. In terms of volume, the automotive and electronics sectors are anticipated to lead the demand growth of press brake machines over the forecast period.
Press Brake Machine Market Size (2021A)
US$ 569.1 Mn
Estimated Market Size (2022E)
US$ 594.4 Mn
Projected Market Value (2032F)
US$ 1.03 Bn
Value CAGR (2022-2032)
Collective Share: Top 3 Countries (2021)
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- AIZAWA TEKKOSHO LTD
- Boschert GmbH & Co.
- Gasparini Industries Sr.l.
- THE HACO GROUP
- Kojima Iron Works Co. Ltd.
- Komatsu Ltd
- LVD Group
- Nantong Tengzhong Machinery Co. Ltd
- RICO- Tomás Castro Silva, Lda.
Demand Analysis of Press Brake Machines (2017-2021) Vs. Market Forecasts (2022-2032)
Sales of press brake machines have remained consistent over the past half-decade owing to the increasing amount of air, rail, and maritime traffic across the world, which is expected to further surge manufacturing activities in the transportation industry.
By volume, demand for press brake machines is projected to increase at 4.8% CAGR in the first half of the forecast period and 5.3% in the second half, owing to rising manufacturing and construction activities in several industries such as automotive, metal fabrication, transportation, construction, and electronics.
Sheet metal used in automobile production, electrical goods, residential & non-residential construction activities, and mass transit vehicle manufacturing are a few of the end-use applications of press brake machines. Press brake machines are widely used for precision bending of sheet metals, which are then treated and used in a variety of industries.
Sales of hydraulic press brake machines are projected to increase at 6.1% CAGR by volume. These machines employ hydraulic fluids in one or more cylinders to drive the press brake's ram down onto the component being shaped. Hydraulic press brake controls are more precise than mechanical press brake controls, and they can be adjusted to accommodate different bend depths.
Due to high ease of operation, modern design, and digital controls, automatic press brake machines accounted for a higher market share of around 43.1% in 2021; however, demand for semi-automatic press brake machines is projected to expand at a volume CAGR of 5.5% through 2032.
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Which Key Factors are Influencing Press Brake Machine Demand Growth?
“High Demand for Electric Press Brake Machines at Manufacturing Sites”
Operators of press brake machines confront a variety of challenges, including regular material setup, hydraulic viscosity changes, and oil leaks. Furthermore, end-user operating expenses increase due to regular oil changes and maintenance activities.
As a result, end users are looking for machines with bending technology that streamline workflow, reduce energy consumption, lower operating costs, increase production rates, and reduce carbon footprint. Electric press brake machines offer faster bending speeds and shorter cycle times, as well as lower maintenance costs, resulting in increased demand for these machines.
“Increasing Manufacturing Activities across End-use Industry Verticals”
In terms of end-use applications, the press brake machine market is a fragmented space. Increasing manufacturing of automobiles, mass transit vehicles, electronic products, and the construction of residential and commercial spaces are all key elements driving industry growth.
The transportation sector, which includes the automotive, aerospace, ships, and rail industries, will benefit from increased government spending and varied policies.
Sheet metal pieces used in the design and construction of residential and non-residential spaces can be bent accurately with a press brake machine system. In the electronics manufacturing sector, sheet metal is used to make enclosures, housings, brackets, and other small components.
Sheet pressing machines are widely used in the construction industry to bend metal sheets to form the required shape of structures and dwellings.
“Increasing Construction Activities in Power & Energy Sectors”
Metals, as a critical component in the construction of power and energy infrastructure, necessitate significant sheet metal operations, such as bending, cutting, and punching. Supportive regulations and investments in clean energy projects are helping expand the power & energy sector's infrastructure.
Government regulators are pushing energy efficiency initiatives to promote the electricity and utility industry, which is expected to increase the consumption of press brake machines across regions.
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Why are Press Brake Machine Producers Eyeing the Asia Pacific Market?
“High Rate of Manufacturing Activities in Asia Pacific Region”
Urbanization and fast-growing economies, as a result of significant expenditure on manufacturing operations in the transportation, electronics, construction, and metal fabrication industries, are projected to have a positive impact on the market for press brake machines.
Manufacturing activities are predicted to develop significantly in the Asia Pacific region owing to a mix of supportive government policies and infrastructure investments. Furthermore, the commercial transportation industry, which includes aerospace, trains, and shipbuilding, is driving Asia's demand expansion, adding to the region's growth opportunity for press brake machine suppliers.
The South Asia Pacific press brake machine market is projected to expand at a volume CAGR of 6.1%, while the East Asia press brake machine market is projected to grow at a value CAGR of 6.0% over the forecast period.
Rising volume of air, rail, and maritime traffic in the Asia Pacific region is spurring sufficient investments in transportation infrastructure such as automobile, aircraft, and railway manufacturing, which is expected to boost the transportation industry even more.
Which Countries Account for High Demand for Press Brake Machines?
“Market Growth led by the U.S., China, and Japan”
The United States is the largest contributor to the press brake machines market and carries steady growth opportunities for sheet metal processing equipment. The U.S. market for sheet metal pressing is projected to expand at a volume CAGR of 4.9% over the forecast period of 2022-2032.
China offers constant growth opportunities for press brake machine suppliers due to the increasing demand for metal bending technology from the private and commercial transportation sectors. China is one of the major contributors to the East Asian market and is projected to expand at a volume CAGR of 5.9% during the forecast period.
During the projection period, the Japan press brake machine market is estimated to account for more than 32% of the East Asian market share. One of the primary reasons driving positive market growth is increasing investments in transportation and construction activities, including both, residential and non-residential infrastructure.
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Which Press Brake Machine Release System is Most Popular?
“High Demand Predicted for Hydraulic Press Brake Machines”
Hydraulic press brake machines are most commonly used for sheet metal processing and are estimated to account for around 52% volume share of the global market. Hydraulic press brake machines employ hydraulic fluids that are extremely popular due to their increased efficiency, easy operability, and low cost.
However, demand for servo electric press brake machines is projected to rise at a CAGR of 5.4% to reach a market valuation of US$ 134.2 Mn by 2032. Servo electric press brake machines provide an added advantage as they come with digital controls along with increased production capacity and reduced energy consumption.
What Press Brake Machine Size is Most Widely Utilized across Geographies?
“150 to 300 Ton Press Brake Machines to Enjoy Highest Consumption”
Sales of 150 to 300 ton press brake machines are estimated to increase at a rate of 6.4% to reach a market valuation of around US$ 311.6 Mn by 2032.
Press brake machine capacity depends on various factors such as sheet metal material, thickness, number of parts required to be processed per day, and maximum material length.
150 to 300 ton capacity press brake machines are anticipated to increase their market share as they have wider applications in the transportation and electronics sectors.
COVID-19 Impact Analysis
The pandemic had a significant impact on manufacturing companies due to reduced demand from end-use sectors and lower productivity. Manufacturers faced challenges due to uncertain demand and reduction in the workforce.
Even with these challenges, press brake machine manufacturers have been focusing on expanding their market presence through acquisitions and collaborations with domestic players. In addition to increasing partnerships, manufacturers are producing desired industrial equipment that meets and exceed customers’ requirements.
In the press brake machine market, new product development and growth activities have increased in recent years. Several major press brake machine manufacturers are concentrating on producing machines with digital controls and programmable electronics.
Manufacturers have also focused on expanding their market presence through mergers and acquisitions with technology-based companies.
- In 2021, ERMAKSAN launched an updated version of its hydraulic press brake machine, which is equipped with customizable features such as adjustable height and movable sliding support arms.
- In December 2020, LVD Group introduced a new robotic bending system named Ulti-Form that features an automated tool changing press brake.
Press Brake Machine Industry Report Scope
Historical Data Available for
Key Countries Covered
Key Market Segments Covered
Key Companies Profiled
Customization & Pricing
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Press Brake Machine Industry Research by Category
Press Brake Machine Market by Product Type:
- Mechanical Press Brake Machines
- Pneumatic Press Brake Machines
- Hydraulic Press Brake Machines
- Servo Electric Press Brake Machines
Press Brake Machine Market by Capacity:
- Up to 50 Tons Press Brake Machines
- 50 to 150 Tons Press Brake Machines
- 150 to 300 Tons Press Brake Machines
- 300 to 500 Tons Press Brake Machines
- Above 500 Tons Press Brake Machines
Press Brake Machine Market by Operation:
- Manual Press Brake Machines
- Semi-Automatic Press Brake Machines
- Automatic Press Brake Machines
Press Brake Machine Market by End Use:
- Mass Transportation
- Electronics and Telecom
- Building and Construction
- Metal Fabrication
- General and Other Manufacturing
Press Brake Machine Market by Region:
- North America Press Brake Machine Market
- Latin America Press Brake Machine Market
- Europe Press Brake Machine Market
- East Asia Press Brake Machine Market
- South Asia Pacific Press Brake Machine Market
- The Middle East and Africa Press Brake Machine Market
- FAQs -
The global press brake machine market is currently valued at US$ 569.1 Mn.
Sales of press brake machines are projected to increase at 6.1% CAGR and be valued at US$ 1.03 Bn by 2032.
Increasing demand for press brake machines with digital controls and rising preference for CNC press brake machines are key trends in this space.
The U.S., China, Japan, Germany, South Korea, ASEAN, and India are lucrative markets for press brake machine suppliers, with the Asia Pacific estimated to hold the highest market share of around 37% in 2022.
Hydraulic press brake machines have more widespread applications and are projected to expand at a volume CAGR of 6.1% over the forecast period.
Trumpf Group, AMADA, Komatsu Ltd., BYSTRONIC, and LVD Group are the most well-known manufacturers of press brake machines.