Global Hydraulic Press Machine Market Driven by Increasing Investments Towards Improvement of Transportation Infrastructure: Technavio

The global hydraulic press machine market is expected to grow at a CAGR of just above 4% during the forecast period, according to Technavio’s latest report.

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Technavio has published a new report on the global hydraulic press machine market from 2017-2021. (Photo: Business Wire)

In this report, Technavio covers the market outlook and growth prospects of the global hydraulic press machine market for 2017-2021. By end-user, the research report segments the market into transportation and general machinery divisions.

The dominance of the transportation sector is driven by the rise in investments made into the development of transport infrastructure, especially from the emerging BRIC countries. Additionally, the rail transport sector is once again gaining prominence due to the enhanced fuel economy it provides in the transportation of bulk goods.

Technavio’s research study segments the global hydraulic press machine market into the following regions:

• APAC
• EMEA
• Americas

APAC: largest hydraulic press machine market

“APAC is the largest segment of the global hydraulic press machine market, responsible for generating over 62% of the total revenue. The growth in the general machinery and automotive segments in APAC is expected to boost the demand for hydraulic press machines in the region,” says Gaurav Mohindru, one of the lead analysts at Technavio for tools and components research.

China, India, Japan, South Korea, Thailand, and Indonesia are the key contributors to the growth of the hydraulic press machine market in APAC. The growing demand for automobiles, general machinery, and electronic goods in these countries is very high, which will positively affect the demand for hydraulic press machines in APAC.

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EMEA: the thriving automotive industry in Europe driving market segment

EMEA is the second largest contributor to the global hydraulic press machine market, driven by high demand from the European market. Established as the leading automobile manufacturer, countries such as Germany creates an extremely high demand for hydraulic press machines. Additionally, the higher emphasis provided to the compliance of emission norms is leading to manufacture of new automotive units, creating further demand for these machines. The Middle East also creates a considerable demand for hydraulic presses from the oil and gas industry.

Americas: market segment driven by the thriving forging industry

“The major consumer of hydraulic press machines in the Americas is the forging industry. The key-contributing countries to the press machine market's revenue include the US, Canada, and Brazil. In South America, market growth is mainly driven by the industrial development in Brazil,” says Gaurav.

Apart from the forging industry, the aerospace, defense, automotive, machinery industries are also triggering a significant demand for hydraulic press machines in the Americas. The high rate of utilization of hydraulic press machines is a testimony to the fact that vehicle production and sales have increased manifold in the US, owing to innovative marketing and abundance of car loan options.

The top hydraulic press machine manufacturers highlighted in the report are:

• Beckwood Press
• Greenerd
• Hare Press
• Schuler

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About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, resellers, and end-users.

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