SAN FRANCISCO, Sept. 16, 2021 /PRNewswire/ -- The global powder compacting pressers market size is expected to reach USD 408.9 million by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 3.7% from 2020 to 2028. The rising adoption of powder compacting pressers in the end-use industries, including automobile, military, machining, and aerospace, is anticipated to have a positive impact on the market growth.
Key Insights & Findings:
- By product, hydraulic powder compacting pressers are expected to witness considerable growth from 2020 to 2028 owing to their ability to provide versatility in stroke length, die space, and pressure
- In terms of application, the ceramic and cement segment is expected to witness the fastest growth from 2020 to 2028. This is credited to the increasing adoption of powder compacting pressers in the production of ceramic cutting tools due to the high heat resistance and extensive usage in metalworking for extremely hard parts
- The automotive end-use segment held the largest share in 2020 on account of the rising advent of electric vehicles, coupled with the adoption of the equipment to manufacture gears, seals, and magnets
- In 2020, France accounted for a 13.8% share in the European market owing to the increasing production of complex parts with high dimensional accuracy and quality in the aerospace industry in the country
- Manufacturers are engaged in collaborations to expand their geographical presence, increase production capacity, and launch new powder compacting pressers using advanced technology
Read 167 page market research report, "Powder Compacting Pressers Market Size, Share & Trends Analysis Report By Product (Mechanical, Electric), By Application (Powder Metallurgy, Ceramic & Cement), By End Use, By Region, And Segment Forecasts, 2020 - 2028," by Grand View Research
Increasing automotive production, mainly in the emerging economies of Asia Pacific, the Middle East, and South America, is projected to aid the market growth. Furthermore, governments across the globe are providing tax incentives to vehicle manufacturers switching to electric standards, in turn, augmenting the demand for powder compacting pressers.
The aerospace and military sectors are the early adopters of powder compacting pressers, thus, lightweight parts made from aluminum, titanium, and steel, are witnessing growth. Products manufactured by these machinery aids in reducing material wastage as compared to the conventional methods, in turn, complementing the equipment demand.
Companies are collaborating with educational institutions to develop processes and technologies offering a sustainable advantage in the future. Rising investments in R&D for the incorporation of advanced technologies, such as artificial intelligence (AI) and the Internet of Things (IoT), in powder compacting pressers are expected to complement market growth.
Grand View Research has segmented the global powder compacting pressers market on the basis of product, application, end use, and region:
- Powder Compacting Pressers Product Outlook (Revenue, USD Million, 2017 - 2028)
- Hydraulic
- Electric
- Hybrid
- Mechanical
- Servo-hydraulic
- Powder Compacting Pressers Application Outlook (Revenue, USD Million, 2017 - 2028)
- Powder Metallurgy
- Ceramic & Cement
- Carbon & Carbide
- Others
- Powder Compacting Pressers End-use Outlook (Revenue, USD Million, 2017 - 2028)
- Automotive
- Machining
- Energy & Electricity
- Equipment
- Medical
- Military
- Construction
- Others
- Powder Compacting Pressers Regional Outlook (Revenue, USD Million, 2017 - 2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Austria
- Belgium
- Denmark
- France
- Germany
- Italy
- Poland
- Russia
- Spain
- Sweden
- Netherlands
- U.K.
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Latin America
- Brazil
- Central & South America
- Argentina
- Brazil
- Colombia
- Chile
- Peru
- Middle East & Africa
- Saudi Arabia
- South Africa
List of Key Players of Powder Compacting Pressers Market
- KomageGellnerMaschinenfabrik KG
- SMS group GmbH
- Osterwalder AG
- MaschinenfabrikLauffer GmbH & Co.KG
- Gasbarre Products, Inc.
- Ajax CECO Erie Press
- Beckwood Press
- Digital Press
- DORST Technologies GmbH & Co. KG
- Cincinnati Incorporated
- Nanjing East Precision Machinery CO., LTD.
- Dongguan Yihui Hydraulic Machinery Co., Ltd.
- Santec Exim Pvt. Ltd.
- Quintus Technologies AB
- SACMI IMOLA S.C.
Browse through Grand View Research's coverage of theGlobal Advanced Interior Materials Industry:
- Powder Metallurgy Market- The global powder metallurgy market size is expected to reach USD 5.2 billion by 2027 registering a CAGR of 11.6%, according to a new report by Grand View Research, Inc.
- Metal Powder Market- The global metal powder market size is anticipated to reach USD 9.7 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 6.9% from 2020 to 2027.
- Ceramics Market- The global ceramics market size is expected to reach USD 407.72 billion by 2025, according to a new report by Grand View Research, Inc.
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About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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