As per a new report by Zion Market Research, the global digital servo press market is predicted to cross US$ 1200 million by 2025. In terms of value, the global market is expected to develop at a 5.1% CAGR between 2019 and 2025. The digital servo press market in Asia Pacific is predicted to observe the highest development in the years to come in terms of volume and value. The market observed considerable development in the Asia Pacific area due to growing tech breakthrough in digital servo presses in China, Japan, and India.
Some of the major players active in the global digital servo press market are Dai-ichiDentsu Ltd., FEC Inc., AMADA MACHINE TOOLS CO., LTD., Sanyo Machine Works Ltd, Promess Incorporated, Stamtec, Inc., C&M Robotics Co, Ltd., Coretec, Inc., Komatsu America Industries LLC, and Janome Industrial Equipment.
Increasing Acceptance Of Digital Servo Press In The Aerospace Industry To Power Market Growth
The global market for digital servo press is impacted by market dynamics with growing factors such as increasing acceptance of digital servo press in the aerospace industry and quickly developing automotive industry. Based on type, the More than 200KN section is expected to attain the biggest share with overall US$ 500 million by 2025. On the other hand, requirement of skilled experts and high initial cost for the production are the primary challenges limiting the development of the market. Nonetheless, the market is expected to develop owing to the increasing manufacturing industry in Asia Pacific.
More Than 200KN Segment Added Up For Market Value Of Almost Us$ 300 Million In The Global Market For Digital Servo Press
On the basis of type, the More than 200KN segment added up for market value of almost US$ 300 million in the global market for digital servo press. These servo presses are majorly employed in the automotive sector for the making of different elements such as chassis and BIW (body in white). The rising requirement for light weight cars is helping the requirement for such digital servo press all over the world.
Automotive Is Predicted To Be The Quickest Developing Section In The Years To Come
Automotive is predicted to be the quickest developing section in the years to come. The automotive sector is working continuously toward enhancement of fuel-economy by producing lightweight cars as a method to deal with global warming. Consequently, lightweight aluminum alloys and high tensile strength steel, which allows slim vehicle body parts, are being utilized increasingly. Hence, requirement for low formability substances is predicted to increase continuously, which is predicted to pace the sale of the these press for developing forming applications
Browse the full Report at https://www.zionmarketresearch.com/report/digital-servo-press-market
The global digital servo press market is segmented as follows:
By product type
- Less than 100KN
- More than 200KN
- Motor and Electronic Industry
- Aerospace and Medical Equipment Industry
- North America
- The U.S.
- The UK
- Rest of Europe
- Asia Pacific
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa