Globally, the market for hydraulic press machine is estimated to grow with an anticipated CAGR of 4.53% during the forecast period & will capture revenue of $22,249.7 million by 2027 as per the market analysis was undertaken by Inkwood Research. The base year considered for the market study is 2018 & the forecasted period lies in between 2019 and 2027.

The global hydraulic press machine market is driven by the following factors:

• Rising interest in the usage of fabricated material in the automotive industry
• Increase in adoption of automated systems in the manufacturing domain
• Surging demand for applications of high-force pressing

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The increasing adoption of automated systems is a major factor driving the hydraulic press machine market in the forecast period. The growing demand for superior products in terms of quality and durability is pushing the manufacturers to include automation in the manufacturing process. Moreover, the lack of availability of skilled labor in developed nations is also a major factor in implementing automated systems. Furthermore, the rise in customer base and economic factors is influencing the growth and requirement of fabricated metal in the automotive industries. The demand for fabricated metal in the Asia Pacific region is growing at a steady rate due to the increasing demand for steel from European and American automobile industries.

Molding had been the leading segment in terms of revenue in the global hydraulic press machine market with around 25.65% market share in 2018. The rapid increase in demand for molded materials has boosted the hydraulic molding presses production. The Asia Pacific and Europe have been the prime regions supporting the growth of hydraulic molding presses production. Additionally, the increase in preference of rubber molding industries is likely to augment the growth of the hydraulic molding press market during the forecast period. For example, in May 2017, Pinette P.E.I. has developed hydraulic presses for rubber, plastics & composites applications dedicated to tire production. Growing strategic initiatives by the key players are further helping the molding segment to grow during the forecast period.

Moreover, the forging segment is anticipated to grow at the highest CAGR of around 5.73% during the forecast period. The fastest growth rate of forging is credited to the rise of the construction and automotive industries in the developing regions of India and China. In addition, factor such as the presence of a large number of global players in the Asia Pacific region offers lucrative growth opportunities for the market. Moreover, the growth in infrastructure development in this region and the emergence of India as a manufacturing hub for the automotive industry are expected to propel the growth of the forging industry in this region.

However, the global hydraulic press machine market is undergoing restricted growth due to the increasing usage of 3D printing technology. The use of 3D printing technology is likely to expand in the upcoming years, and this technology can easily substitute manufacturing equipment like hydraulic presses if the cost of material and equipment declines in the future. Recently, the 3D printing technology had evolved significantly, such that it can handle almost any kind of material, such as titanium and even human tissue. 3D printing is capable of manufacturing complicatedly designed devices like transistors and LEDs. In addition, the production of components using 3D printing consumes 90% less energy and uses 95% less raw materials; hence, it helps to achieve efficiency at minimal costs, thereby challenging the growth of the hydraulic press machine in the approaching years.

Report scope of the global hydraulic press machine market covers segmentation analysis of type, application, and end-user.

Market by Type:

• C-Frame
• H-Frame
• Bench Frame
• 4-Post Hydraulic Press
• Other Type

Market by Application:

• Forging
• Molding
• Punching
• Stamping
• Laminating
• Other application

Market by End-User:

• Manufacturing
• Automobile
• Metals
• Ceramic
• Aerospace
• Other End-User

On the basis of geography, the global hydraulic press machine market has been segmented into four major regions:

• North America: the United States & Canada
• Europe: United Kingdom, France, Germany, Italy, Spain & Rest of Europe
• Asia-Pacific: China, Japan, India, Australia, South Korea & the Rest of Asia Pacific
• Rest of World: Latin America, Middle East & Africa

Geographically, Asia Pacific is the fastest-growing as well as the largest regional market, with a market share of 44.27% in terms of revenue in 2018. The increasing demand for commercial & passenger vehicles in emerging economies, such as China and other Asian countries, is a key driving factor for the automotive industry in the Asia Pacific. Wherein, demand for fabricated metal products is increasing to manufacture vehicle parts is increasing rapidly. All these factors are majorly influencing the market growth of hydraulic press machines in this region. Moreover, the increase in the adoption of automated systems in various industrial applications is also contributing to the growth of these machines. Furthermore, in Asian countries, molded and formed products are used in several end-use machine types such as automotive components, consumer goods, and electronics components.

Global hydraulic press machine market has been segmented on the basis of type, application, and end-user. The type segment is segmented into H-frame, C-frame, bench frame, 4-post hydraulic press, and other types. The application segment is segmented into molding, forging, punching, stamping, laminating, and other applications. The end-user is segmented into manufacturing, automobile, metals, ceramic, aerospace, and other end-user.

The market has a number of players & some of the major key players involved in the global hydraulic press machine market are:

• Actuant Corporation
• Schuler AG
• Beckwood Corporation
• Komatsu
• And many other companies

In April 2019, Beckwood Corporation had announced the launch of EVOx™, a complete line of servo-electric presses. With models ranging from 1,000 lbf–100,000 lbf, these presses are ideal for light-duty assembly applications such as joining, clamping, press fitting, crimping, and swaging.

Key findings of the global hydraulic press machine market are:

• The Asia Pacific leads the global hydraulic press machine market by capturing the largest and fastest and market share of around in 2018.
• The increasing demand for forging is driving the hydraulic press machine market in the forecast period.
• The molding segment accounts for the largest market share in 2018 for the hydraulic press machine market.
• The growing interest in additive manufacturing is driving the growth of the hydraulic press machine market during the forecast period.