Mechanical Press Market Size & Growth Report to 2030

The global mechanical press market size is anticipated to register a sustainable CAGR of around 3% during the forecast period from 2023 to 2030. The mechanical press market is driven by various factors, including industrial expansion, particularly in the automotive and aerospace sectors, where these presses play a vital role in metal forming processes. The demand is also influenced by the trend toward lightweight materials in manufacturing, requiring advanced metal shaping capabilities. Ongoing technological advancements, such as the integration of servo-driven and CNC systems, enhance the precision and efficiency of mechanical presses. Global infrastructure development projects, growing emphasis on energy efficiency, and the need for customization and flexibility in manufacturing processes contribute to market growth. Furthermore, the replacement and upgradation cycles of aging presses in existing facilities present opportunities for investment in new, advanced mechanical press technologies. As industries worldwide focus on sustainable practices, the market is evolving to meet the demands of a changing manufacturing landscape.

Market Snapshot:

To know more about the research study, request sample papers

Market Drivers:

Industrial Expansion and Manufacturing Activities: The growth of the mechanical press market is closely tied to industrial expansion and increased manufacturing activities. As various industries expand their production capacities, the demand for mechanical presses, which are essential for metal forming and shaping processes, tends to rise.

Automotive Industry Growth: The automotive industry is a major consumer of mechanical presses for tasks such as metal stamping, forming, and assembly. As the automotive sector experiences growth, the demand for mechanical presses used in vehicle manufacturing and component production also increases.

Demand for Lightweight Materials: The ongoing trend toward lightweight materials in industries such as automotive and aerospace requires advanced metal forming processes. Mechanical presses play a crucial role in shaping lightweight materials, and their demand is influenced by the broader trend toward fuel efficiency and material innovation.

Technological Advancements: Technological advancements in mechanical press design and automation have enhanced their precision, efficiency, and overall performance. The adoption of innovative technologies, such as servo-driven presses and computer numerical control (CNC) systems, contributes to the market’s growth.

Global Infrastructure Development: Infrastructure development projects, especially in emerging economies, lead to increased demand for construction materials. Mechanical presses are used in the fabrication of metal components for construction, and the growth of the construction industry positively impacts the mechanical press market.

Growing Aerospace Industry: The aerospace industry relies on mechanical presses for forming and shaping various metal components used in aircraft manufacturing. As the aerospace sector expands, so does the demand for advanced metal forming equipment.

Energy Efficiency and Sustainability: There is an increasing focus on energy-efficient manufacturing processes and sustainable practices. Mechanical press manufacturers are incorporating energy-efficient features into their products, aligning with industry and regulatory trends.

Customization and Flexibility: The ability of mechanical presses to handle a variety of materials and perform different forming operations makes them versatile in manufacturing processes. Industries value customization and flexibility, driving the demand for adaptable mechanical press solutions.

Market Insights:

Market Analysis by Application:

The global mechanical press market is bifurcated into type, application, end-use industry, and geography. On the basis of application, the market is further segmented into metal stamping, forging, punching and shearing, and embossing and coining. The metal stamping segment dominated the global market in the benchmark year 2022 and anticipated to grow at the same trend over the forecast period. Metal stamping is a foundational and versatile application that encompasses a wide range of industries, including automotive, aerospace, electronics, and appliance manufacturing. Mechanical presses are crucial for high-volume and precision metal stamping processes, producing components with consistent quality and efficiency. The demand for metal-stamped parts is substantial across various manufacturing sectors, contributing to the perception of metal stamping as a dominant segment.

Metal Stamping: Metal stamping involves shaping, cutting, or forming metal sheets or coils. Mechanical presses excel in precision metal stamping operations, creating components used in automotive, electronics, and appliance manufacturing. The versatility of mechanical presses makes them integral to mass production processes requiring accurate and repetitive metal shaping.

Forging: Mechanical presses play a crucial role in forging operations, where metal is shaped through localized compressive forces. Whether used for hot or cold forging, mechanical presses are employed to create components with enhanced strength and durability. Industries such as aerospace and automotive leverage forging processes to manufacture critical parts.

Punching and Shearing: Punching and shearing operations involve the creation of holes, slots, or cutouts in metal sheets. Mechanical presses equipped with appropriate tooling are essential for these tasks. Applications range from the production of metal components for construction to intricate designs in the electronics industry.

Embossing and Coining: Mechanical presses are utilized in embossing and coining processes to create raised or recessed designs on metal surfaces. These decorative or functional elements are common in industries such as packaging, automotive, and coin minting.

Market Analysis by End-Use Industry:

On the basis of end-use industry, the global mechanical press market is further segmented into automotive, aerospace, metal fabrication, construction, and others. The automotive segment dominated the global market in the benchmark year 2022 and anticipated to maintain its dominance over the forecast period. The automotive industry is a major driver of the mechanical press market due to the extensive use of these presses in metal stamping, forming, and assembly processes. The demand is primarily attributed to the automotive sector’s requirement for precision components in large volumes. The mass production nature of the automotive industry makes it a key influencer in the mechanical press market.

Automotive: The automotive industry is a major consumer of mechanical presses, employing them for tasks such as metal stamping, forming, and assembly. The demand for mechanical presses in automotive manufacturing is driven by the need for precision parts and the high-volume production requirements of the sector.

Aerospace: Mechanical presses are crucial in the aerospace industry for shaping and forming metal components used in aircraft manufacturing. The industry demands high-quality, precision components, making mechanical presses an integral part of aerospace manufacturing processes.

Metal Fabrication: Metal fabrication industries, encompassing a range of applications from sheet metal work to structural steel fabrication, rely on mechanical presses for cutting, bending, and forming metal. Mechanical presses play a vital role in achieving the desired shapes and dimensions in metal fabrication processes.

Construction: In the construction industry, mechanical presses are used for fabricating metal components used in various structural elements. This includes the production of beams, columns, and other metal parts used in construction projects.

Others: The “Others” category encompasses various industries with specific needs for metal forming processes. This may include applications in the production of consumer goods, appliances, electrical components, and more. The dominance of this category is influenced by the versatility of mechanical presses to cater to diverse industrial requirements.

The mechanical press market research report presents the analysis of each segment from 2020 to 2030 considering 2022 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2023 to 2030.

Historical & Forecast Period

• 2020-21 – Historical Year
• 2022 – Base Year
• 2023-2030 – Forecast Period

Market Segmentation:

By Type:

• C-Frames Press
• H-Frames Press

By Application:

• Metal Stamping
• Forging
• Punching and Shearing
• Embossing and Coining

By End-Use Industry:

• Automotive
• Aerospace
• Metal Fabrication
• Construction
• Others

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Regional Analysis:

Geographically, the Asia Pacific dominated the global mechanical press market in 2022 and expected to maintain its dominance over the forecast period to 2030. The dominance is attributed to its robust industrial landscape and economic growth. China, Japan, and South Korea, among others, have positioned themselves as major manufacturing hubs, driving the demand for mechanical presses across various sectors. China, in particular, plays a pivotal role as the world’s largest automotive market and a significant center for metal-intensive industries. The country’s rapid industrialization, coupled with its substantial automotive and electronics sectors, has led to a substantial and consistent demand for mechanical presses, making Asia-Pacific a key player in the global market. Furthermore, the Asia Pacific is a primary contributor to global manufacturing activities, with a diverse range of industries relying on metal forming processes facilitated by mechanical presses. The region’s economic vibrancy, industrial expansion, and technological advancements position it as a focal point for the Mechanical Press Market.

Competitive Assessment:

Some of the prominent market players operating in the global mechanical press market are Schuler AG, ANDRITZ AG, Aida Engineering Ltd., Komatsu Ltd., and Fagor Arrasate S.Coop. Companies are exploring markets by expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

Recent Developments:

• In 2023, Schuler launched the ServoDirect 7 series, a new generation of high-performance servo presses offering exceptional speed and precision.
• In 2022, AIDA unveiled the DDX servo press line, featuring a compact design and energy-efficient direct drive technology.
• In 2021, Komatsu introduced the EX Fine series of high-speed presses specifically designed for the electronics industry.

Key Companies:

• Schuler AG
• ANDRITZ AG
• Aida Engineering Ltd
• Komatsu Ltd
• Fagor Arrasate S.Coop
• Amada Holdings Co., Ltd
• JIER North America, Inc.
• HME TECHNOLOGIES
• Yadon Press & Automation
• Others

Key Questions Answered by Mechanical Press Market Report

• Global mechanical press market forecasts from 2023-2030
• Regional market forecasts from 2023-2030 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
• Country-level forecasts from 2023-2030 covering 15 major countries from the regions as mentioned above
• Mechanical press submarket forecasts from 2023-2030 covering the market by type, application, end-use industry, and geography
• Various industry models such as SWOT analysis, Value Chain Analysis about the market
• Analysis of the key factors driving and restraining the growth of the global, regional, and country-level mechanical press markets from 2023-2030
• Competitive Landscape and market positioning of top 10 players operating in the market