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Hydraulic presser or hydraulic press machine refers to a machine that utilizes the static pressure of the liquid (Hydraulic fluid) as a working medium, to convert metal material into finished parts and products. Hydraulic fluid converts hydraulic pressure into kinetic energy. Hydraulic pressers are acknowledged for the power and control concerning heavy duty applications. The Major application of hydraulic press machine is into the industrial commitments, such as altering metallic materials into compressed metal sheets, powder compacting into cosmetic industries, etc.
The emergence of the global hydraulic pressers market is likely to witness high demand over the forecast period, owing to the high growth in the usage of fabricated materials in the automotive industry and the adoption of automated systems in the manufacturing domain. The demand for force pressing applications in the aerospace and automotive industries is also fuelling the growth of hydraulic pressers in the market.'
Key Market Driver -
• Increased demand for metal fabrication in automobile industry to cut down the weight and unit cost of vehicle • Growing demand for automated hydraulic press machines
Key Market Restraint -
• Increased demand for plastic materials in construction industry mainly in construction of thin covering.
The companies are focusing on the hydraulic press machines market in the Asia Pacific and North America, where large number of industrial projects are in progress. Similarly, companies are also opting for mergers and acquisitions to maintain their market share in the competitive market. For instance, in August 2019, Schuler AG in collaboration with Hirschvogel automotive group has developed a forging press in a compact design to space the pressure points equally and increase the available dia area in the direction of the flow process. Furthermore, in the same year, Beckwood Press has been contracted by Wabash National Corporation to build customed 3,500-ton hydraulic bulge forming press to form stainless steel and aluminium tank for Wabash National Corporation’s tank and silo business.
Considering all these factors, the global hydraulic pressers market is expected to witness a significant growth rate in the forecast period.
By type, the market is segmented into C frame, H frame, four-column hydraulic press, two pillar hydraulic press, and other (Hydraulic bulldozer press, etc.). Based on application, the market is segmented into metal forming, compression molding, powder compacting, forging, stamping, lamination and other (Bending, etc.). Based on industry, the market is categorized into automotive, aerospace, manufacturing, metal, ceramic, food & beverage and other (Energy and gas, etc.).
From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Key players operating in the global hydraulic pressers market are Schuler AG, Betenbender Manufacturing, Inc., French Oil Mill Machinery Co., Enerpac, Greenerd, DORST Technologies GmBH & Co. KG, Beckwood Press, Macrodyne Technologies Inc., Grimco Hydraulic Presses, Wuxi Meili Hydraulic Machine Factory, among others.
The hydraulic pressers market in the Asia Pacific and North America is experiencing the dominance, owing to the increased demand for commercial and passenger vehicles in the forecasted period. A large number of automobile manufacturers are setting new manufacturing plants in developing countries, such as India and Indonesia is also positively affecting the growth of the hydraulic press machines market. For instance, in June 2019, Wuxi Meili Hydraulic Machine Factory has shipped two four-column hydraulic press machines in India. The said hydraulic press machine is used to make parts of the train.
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The Middle East and Africa and Europe are expected to witness moderate growth in the forecast period. Countries such as Kuwait, France, and Germany are experiencing significant growth, owing to the investments in manufacturing the hydraulic press machines by key manufacturers. Moreover, the demand for portable pressers is predicted to bolster the hydraulic pressers market in the region.
Latin America is witnessing growth from downfall. The improving economic conditions and compelling investments in the manufacturing and energy & gas industry are boosting the growth of the hydraulic pressers market.
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