Global Digital Servo Press Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
“Global Digital Servo Press Market” is a recent report generated by MarketResearch.biz. The global digital servo press market report has been segmented on the basis of the type, motor type, application, and region. The report is further segmented country-wise, with countries presented along with respective regions. The revenues of each segment is presented systematically so as to offer a clear understanding of the market scenario. Top-down and bottom-up approaches are applied to gain clear insights into the target market. Drivers, restraints, opportunities, and threats (DROT) are included to further support the findings as well as to justify projections. The company profile section includes information obtained thorough primary and secondary research efforts. Detailed insights of the top 10 companies include solutions and services, financial overview, segment overview, strategies, key developments such as mergers & acquisitions, joint ventures, product launches, business expansions, strategic agreements, and SWOT analysis.
Servo press machine is used to make sheet metals with low formability. Digital servo press machines have features similar to a high-end actuator. These machines also include signal amplifiers, a controller, and active motor cooling along with software to deliver true closed-loop control of both position and force. Depending on model, the drive of the press and mechanism varies. These presses can be driven through a gearbox or directly by the servomotor.
Continuously increasing expenditure in automobile and electronics industries, increasing introduction and new product launches, and rising adoption of digital servo press machines globally are major factors expected to drive growth of the target market. Other factors expected to propel market growth is renovation and retrofitting of older technology and rising expenditure on the overall industrial sector.
In addition, increasing demand for digital servo press machines in the aerospace industry, coupled with increasing implementation of digital servo press machines for the manufacture of aircraft components is in turn expected to boost growth of the global digital servo press market.
Among some of the major factors that could restrain market growth include high initial prices of digital servo press machines and lack of trained professionals for the manufacturing process.
Moreover, increasing number of research and development activities related to digital servo press machines is projected to create revenue growth opportunities for major players operating in the target market.
Among the type segments, the more than 200KN segment is expected to account a major revenue share in the global digital servo press market over the forecast period. The more than 200KN servo press machine is used for manufacturing many components, including body in white (BIW) and chassis, in the automotive industry.
By Motor Type:
Among the motor type segments, the linear motor type segment is expected to contribute higher revenue share as compared to the other segments. Wide adoption of linear motor type digital servo presses in a range of end-use industries is expected to drive market growth over the forecast period.
Among the application segments, the automotive industry segment is expected to account a prominent revenue share owing to augmented manufacturing of automobiles, as manufacturers are continuously developing more efficient engines, as well as focusing on reducing fuel consumption.
The Asia Pacific digital servo press market is expected to account major revenue share over the forecast period. This can be attributed to increasing production across the global manufacturing sector and ongoing technological innovations in digital servo presses, primarily in countries such as India, China, and Japan. The Asia Pacific market is expected to be followed by the market in Europe owing to major demand from consumers for electric cars and hybrid cars in countries in the region. This demand is driven by stringent regulations imposed by the EU Council.
The North America market is expected to register significant growth in terms of revenue over the forecast period. This can be attributable to rising use of lightweight materials such as aluminum so as to decrease the weight of automobile bodies.
Global Digital Servo Press Market: Segmentation
Segmentation by Type:
- Less than 100KN
- 100KN – 200KN
- More than 200KN
Segmentation by Motor Type:
- Positional Rotation
- Continuous Rotation
Segmentation by Application:
- Automotive Industry
- Motor and Electronic Industry
- Aerospace Industry
- Others (Medical Equipment, Robotics, etc.)
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Estimated Year 2020 Actual Year 2021 Forecast Period 2021–2030 Revenue in US$
- Janome Industrial Equipment
- Tox Pressotechnik
- Sanyo Machine Works
- Atlas Copco
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