Pressing Machines Market Size, Share, Growth, And Industry Analysis, By Type (Manual Pressing Machines, Semi-automatic Pressing Machines and Fully automatic Pressing Machines), By Application (Garment Factory, Clothing Store, Cleaners and Dyers, Hotel and Other), Regional Forecast To 2031

Updated On: 08 April 2024

Pressing Machines Market Report Overview

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global pressing machines market size was USD 265.8 Million in 2022 and market is projected to touch 531.3 Million by 2031, exhibiting a CAGR of 8% during the forecast period.

Ironing and finishing clothing are a crucial step in the entire garment-processing process. Ironing is done in accordance with the fabric's thermoplastic properties, using irons and specific technological methods like hot pressure finishing or steam recovery to artificially alter the fabric's density, shape, and structure to give clothing the desired shape. The process of completing shape fashion machinery includes the employment of finishing machines such as ironing tables, irons, shoulder presses, collar presses, pressing sleeves, refuse presses, the former, armhole presses, sleeve presses, and barge head presses on mechanical finishing machines.

COVID-19 Impact: Enterprises Engaged in Manufacturing were Significantly Impacted by the Pandemic

Due to decreased demand from end-use industries and decreased productivity, the pandemic had a significant effect on manufacturing enterprises. Due to a decrease in employment and uncertain demand, manufacturers faced difficulties. Despite these difficulties, producers of press brake machines have been concentrating on boosting their market share through partnerships and acquisitions with domestic companies. Manufacturers are providing in-demand industrial equipment that meets and exceeds consumers' expectations in addition to expanding their relationships.

Latest Trends

"Automated Systems are Becoming More Widely used in Manufacturing Industries to Fuel Market Growth"

A high rate of industrialization in developing economies is blamed for the rise in automation in the manufacturing sector. The market size for hydraulic press machines is also driven using automated systems in industrial manufacturing facilities that deal with metal forming, as a result of the improved productivity & efficiency, higher production rates, and smoother operations.

Pressing Machines Market Segmentation

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• By Type Analysis

According to type, the pressing machines market can be segmented into manual pressing machines, semi-automatic pressing machines and fully automatic pressing machines.  

In terms of type, the manual pressing machines are anticipated to be the largest segment during the forecast period.  

• By Application Analysis

Based on application, the pressing machines market can be divided into garment factory, clothing store, cleaners and dyers, hotel and other.  

In terms of application, the garment factory market is projected to hold the largest market share through 2031.  

Driving Factors

"Advantages in Terms of Technology and Economics, Such as Lower Manufacturing Costs and More Rigidity to Expand Market Growth "

Most precision applications, including the shaping of metal parts for automobiles, are best served by hydraulic presses. The market share of pressing machines is also growing across a variety of industry verticals thanks to important features like changeable speed, pressure accuracy, lower energy usage, lower noise level, programmable systems, and less maintenance. 

"Upsurge in Manufacturing Activities Across End-use Industry Verticals to Boost Market Growth "

The pressing machines market is diverse in terms of end-use applications. The production of more cars, public transportation vehicles, technological goods, and buildings for homes and businesses are all major factors in the industry's expansion. The government will profit from greater spending and a variety of programs by supporting the transportation industry, which includes the automotive, aerospace, ships, and rail businesses. A pressing machines system can correctly bend sheet metal parts used in the design and construction of residential and non-residential areas. Sheet metal is used to create enclosures, housings, brackets, and other small components in the electronics manufacturing industry. Metal sheets are bent to create the necessary shapes for buildings and homes using sheet pressing machines, which are frequently employed in the construction sector.

Restraining Factors

"The Growing Acceptance of Metal Substitutes is Impeding the Market's Growth "

The rising demand for metal substitutes like fiber sheets and structural polymers is somewhat impeding the market expansion for pressing machines. These materials are being used by manufacturers more frequently to improve the efficiency of their product designs. Comparatively speaking, structural polymers and fibers are more maneuverable than concrete, steel, and aluminum. For example, carbon fibers are increasingly being used to make supercars instead of steel. These materials now have a negligible macro-influence on the pressing machines market.  However, it is anticipated that the acceptance of these alternatives would grow and present difficulties for the market's competitors soon. 

Pressing Machines Market Regional Insights

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"Asia Pacific Region Has a High Rate of Manufacturing Activity"

The market is dominated by North America, which also contributed to revenue. This large percentage can be attributed to effective government programs that promote the use of Al across numerous industries. Federal agencies have promoted public confidence in Al-based systems as part of this endeavor by defining standards for their development and practical application across several industrial sectors. Additionally, a rising number of start-up Al companies in the area are promoting Al adoption to increase operational effectiveness and enable process automation.

Key Industry Players

"Adoption Experiential Marketing Services by Key Players Influencing Market Development"

The top key players in the market are VEIT GmbH, Macpi, Indupress, Rotondi, Namoto, Asahi, Pony, Hoffman, Forenta, Goldman. Most of the top players hold pressing machines market share in some regions. In addition, the strategies to develop new technologies, capital investment in R&D, improve product quality, acquisitions, mergers, and compete for the pressing machines market growth in the competition help them to perpetuate their position and value in the market. Besides, collaboration with other companies & extensive possession of market shares by the key players stimulates the pressing machines market.  

List of Market Players Profiled

• VEIT GmbH (Germany)
• Macpi (China)
• Indupress (Germany)
• Rotondi (Italy)
• Namoto (Belgium)
• Asahi (Japan)
• Pony (U.S.)
• Hoffman (U.S.)
• Forenta (U.S.)
• Goldman (UK.)
• Oshima (Japan)
• Weishi Machine (China)
• LINHAI SHENGTIAN WASH MACHINERY CO., LTD. (China)
• Tingfeng Road,Zhujing Town(China)
• Shanghai Jiacheng Garments Machinery Co.,Ltd. (China)
• Hemway (U.S.)

Report Coverage

This report examines an understanding of the pressing machines market’s size, share, growth rate, segmentation by type, application, key players, and previous and current market scenarios. The report also collects the market’s precise data and forecasts by market experts. Also, it describes the study of this industry’s financial performance, investments, growth, innovation marks, and new product launches by the top companies and offers deep insights into the current market structure, competitive analysis based on key players, key driving forces, and restraints that affect the demand for growth, opportunities, and risks.

Furthermore, the post-COVID-19 pandemic’s effects on international market restrictions and a deep understanding of how the industry will recover, and strategies are also stated in the report. The competitive landscape has also been examined in detail to provide clarification of the competitive landscape.

This report also discloses the research based on methodologies that define price trend analysis of target companies, collection of data, statistics, target competitors, import-export, information, and previous years’ records based on market sales. Moreover, all the significant factors which influence the market such as small or medium business industry, macro-economic indicators, value chain analysis, and demand-side dynamics, with all the major business players have been explained in detail. This analysis is subject to modification if the key players and feasible analysis of market dynamics change.