Hydraulic Presses Market Size, Share, Growth, and Industry Analysis, By Type (800T, 1600T, 2000T and Other), By Application (Mechanical Parts Molding, Sheet Metal Forming, Shaft Parts Processing and Plastic Material Processing), Regional Insights, and Forecast To 2031

Updated On: 08 April 2024

Hydraulic Presses Market REPORT OVERVIEW

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The global hydraulic presses market size was USD 1753 million in 2022 and market is projected to touch USD 2372.64 million by 2031, exhibiting a CAGR of 3.4% during the forecasting period.

A hydraulic press is a machine that uses a Hydraulic Cylinder to generate enough force to push or pull an object. The hydraulic press was invented by the French engineer Joseph Bramah in 1795. A hydraulic press is a device that produces a lot of force by applying Pascal's Principle. A smaller slave cylinder and a larger master cylinder make up its two cylinders. A piston in the slave cylinder exerts pressure on the fluid inside the slave cylinder. The master cylinder receives this pressure after which a piston pushes it there.

Pressure is applied after inserting a piston into the slave cylinder. The fluid enters a larger cylinder after passing via a conduit under pressure. Master cylinder refers to the larger cylinder. The fluid is forced back to the slave cylinder by the master cylinder's piston and the pressure applied to it. The master cylinder is subjected to a significant force as a result of the slave cylinder's force imparted to the fluid. The press plates are accompanied by an industrial hydraulic press. The material to be worked on is either punched or crushed into sheets with the aid of these press plates.

Forging, clinching, moulding, blanking, punching, deep drawing, and metal forming activities are the main applications for hydraulic pressing. There are ever more applications for thermoplastics, composites, SMC sheet moulded composites, RTM resin transfer moulding, GMT glass mat transfer, and carbon fibre moulding as a result of the rise and significance of light-weighting in the aerospace and automotive industries. All of these applications need for repeatable, precise control.

COVID-19 Impact: Market to Suffer Due to Pandemic Induced Operational Challenges

The manufacturing industries faced significant operational and strategic challenges as a result of the COVID-19 epidemic, some of which were anticipated to last for years. The varied operational management strategies employed by different businesses have also been impacted by the pandemic. A rising number of competitors in the hydraulic press market are using IT-enabled business models in order to get past the obstacles and regain agility. In order to stay ahead of the competition, a number of important firms have upgraded their customer offerings. These industry participants are doing market research to understand the revolutionary models for the brand-new, post-pandemic future.

LATEST TRENDS

"Increased Construction Activities to Promote Market Growth"

The market is expanding primarily due to the ongoing building and mining activities taking place all over the world as well as the rising need for low-maintenance mechanical devices that can withstand high pressure. Brick moulding equipment uses hydraulic presses to reduce labour expenses and manual labour. Along these lines, governments in various nations have encouraged the adoption of environmentally friendly technologies, such as hydraulic presses, to cut greenhouse gas (GHG) emissions, which is functioning as another growth-inducing driver. The rising consumer awareness of energy saving measures and the growing demand for renewable energy sources, particularly through the modernization of existing hydraulic systems, can also be contributed to the soaring product demand.

Hydraulic Presses Market SEGMENTATION

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• By Type

Based on type; the market is divided into 800T, 1600T, 2000T and Other.

In terms of product, 1600T is the largest segment.

• By Application

Based on application; the market is divided into Mechanical Parts Molding, Sheet Metal Forming, Shaft Parts Processing and Plastic Material Processing.

In terms of application, Plastic Material Processing is the largest segment.

DRIVING FACTORS

"Numerous Applications for the Machine to Accelerate Market Growth"

Due to the rise in demand for high force pressing applications across a variety of industries, including the automotive and aerospace sectors, hydraulic press machines are in higher demand. In addition, the manufacturing sector's increased use of technologically advanced automated systems and the automotive sector's rising need for fabricated metal are predicted to propel the hydraulic presses market growth.

"Cost Efficiency of the Machine to Enhance Market Sales"

The market for hydraulic presses is primarily anticipated to increase as a result of better stiffness & strength of machine compared to older equipment and reduction in production cost within optimal time. But manufacturers in nations like China, Germany, and India may expect to benefit from increased use of hydraulic press machines in the plastic and rubber processing industries, high energy efficiency from VFDs in these machines, and development of accessible interfaces for these machines.

RESTRAINING FACTORS

"Use of 3D Printing to Impede Market Growth"

The rise in the adoption of 3D printing technology as a substitute for hydraulic press machines and the unpredictability of the economy are anticipated to impede the market's expansion. To compete with 3D printing and return to the game, the market must adopt new and highly advanced technology. Hydraulic presses market expansion is expected to be severely impacted by this.

Hydraulic Presses Market REGIONAL INSIGHTS

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"North America to Dominate the Market Due to thriving aviation sector"

North America dominates the market and owns largest proportion of hydraulic presses market share because of its expanding economy, booming aviation industry, and high spending income of the target audience, researchers predict that the United States will continue to lead in the next few years. The number of individuals choosing to fly for domestic trips is increasing as a result of flight rate reductions, which is improving the civil aviation sector and the market for hydraulic presses market in North America. The two biggest companies in the hydraulic fluid connectors market in North America are Gasbarre and Beckwood.

KEY INDUSTRY PLAYERS

"New Strategies Implemented by Market Players to Boost Market Growth"

In order to assess the financials, significant product offerings, recent advancements, and business strategies of the firms producing or selling hydraulic presses, detailed company profiles have been included in the market study. To improve their market share, leading manufacturers of industrial machinery are diversifying their product lines. Gasbarre, Beckwood, Neff Press, Greenerd, Enerpac, Phoenix, Standard Industrial, Ocean Machinery, Dake, Brown Boggs, and Gasbarre are the leading businesses in the market.

List of Market Players Profiled

• Gasbarre (U.S.)
• Beckwood (U.S.)
• Neff Press (U.S.)
• Greenerd (U.S.)
• Enerpac (U.S.)
• Phoenix (Germany)
• Standard Industrial (U.S.)
• Ocean Machinery (U.S.)
• Dake (U.S.)
• Brown Boggs (Canada)

REPORT COVERAGE

The report offers a comprehensive analysis of the hydraulic presses market, covering all relevant areas. This includes everything from a broad market overview to more specific information on the market's size, competitive environment, development trend, niche market, primary market drivers and challenges, SWOT analysis, value chain analysis, and other factors. Specific segments by location, manufacturers, kind, and application are included in the research report. By using criteria like product type, end-user or application, geography, and other variables, market segmentation divides a market into smaller segments.