Overview and Scope
Servo press refers to the press driven and controlled by servo motor. The digital servo press is used to make metal sheets with low formability. It is powered by the servo motor or by a gearbox. It is also used for deeper drawing or difficult drawing.
Sizing and Forecast
The digital servo press market size has grown rapidly in recent years. It will grow from <b>$2.51 billion in 2023 to $2.82 billion in 2024 at a compound annual growth rate (CAGR) of 12.3%. </b> The growth in the historic period can be attributed to growth in demand for precision and high-quality manufacturing, need for improved control and monitoring in manufacturing processes, increased in automation in manufacturing industries, expansion of electronics and semiconductor manufacturing, adoption of servo presses in automotive manufacturing.
The digital servo press market size is expected to see rapid growth in the next few years. It will grow to <b>$4.39 billion in 2028 at a compound annual growth rate (CAGR) of 11.7%. </b> The growth in the forecast period can be attributed to growth in aerospace and medical device manufacturing, market expansion in emerging economies and developing regions, demand for miniaturization and micro-assembly in electronics, customization and specialization of digital servo presses for unique applications, adoption of electric and hybrid vehicles driving demand for servo presses. Major trends in the forecast period include advanced motion control algorithms, force and position monitoring sensors, smart hmi (human-machine interface) systems, integration with vision systems, energy-efficient servo drive systems, collaborative robot (cobot) integration.
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Segmentation & Regional Insights
The digital servo press market covered in this report is segmented –
1) By Motor Type: Continuous Rotation, Linear Rotation, Positional Rotation
2) By Force Range: Less than 100KN, 100KN-200KN, More than 200KN
3) By Application: Automotive, Electronics, Aerospace, Other Applications
<b>Asia-Pacific</b> was the largest region in the digital servo press market share in 2023. <b>Asia-Pacific</b> is expected to be the fastest-growing region in the forecast period. The regions covered in the digital servo press market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The increase in demand from the automotive industry is significantly contributing to the growth of the digital servo press market. The automotive industry includes the companies involved in designing and manufacturing motor vehicles and their components such as bodies and engines. In the automobile sector, digital servo press machines are utilized in the high-volume manufacture and assembly of vehicle parts. For instance, according to LMC Automotive, an automotive industry information provider, globally over 111 million cars are expected to be sold by 2032. Therefore, the increase in demand from the automotive industry is driving the growth of the digital servo press market.
Key Industry Players
Major companies operating in the digital servo press market include <b> JANOME Corporation, Promess Incorporated, Kistler Instruments India Pvt. Ltd., Sintokogio Ltd., C&M Robotics Co. Ltd., AIDA Engineering Ltd., TOX PRESSOTECHNIK Ltd. UK, THK Co. Ltd., IAI America Inc., FEC Ltd., Sanyo Machine Works Ltd., Stamtec Inc., DAI-ICHI DENTSU LTD., CORETEC Inc., AMADA PRESS SYSTEM CO. LTD., FANUC Corporation, Komatsu America Industries LLC, Hitachi America Ltd., Ingersoll Production Equipment, Beckwood Press Co., Schuler AG, APEC Ltd., Moog Inc., SKF Motion Technologies, Niagara Press Company Inc., KOMPAKT Press Automation GmbH, Taylor-Winfield Technologies Inc., Dake Corporation, OMEGA Engineering Inc., Tegelman Co. Inc., Zaber Technologies Inc., The Minster Machine Company, NIDEC-SHIMPO Corporation, Andantex USA Inc., RENSONIC CORPORATION., Kolver S.p.A. </b>
The digital servo press market report table of contents includes:
1. Executive Summary
2. Digital Servo Press Market Characteristics
3. Digital Servo Press Market Trends And Strategies
4. Digital Servo Press Market – Macro Economic Scenario
5. Global Digital Servo Press Market Size and Growth
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26. South America Digital Servo Press Market
27. Brazil Digital Servo Press Market
28. Middle East Digital Servo Press Market
29. Africa Digital Servo Press Market
30. Digital Servo Press Market Competitive Landscape And Company Profiles
Top Major Players:
- JANOME Corporation
- Promess Incorporated
- Kistler Instruments India Pvt. Ltd
- Sintokogio Ltd
- C&M Robotics Co. Ltd
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