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Hydraulic Press Machines Market Worth $21,089.2 Million by 2025 | by Type, Application & Industry Vertical
Hydraulic Press Machines Market
Furthermore, high energy efficiency using VFDs in hydraulic press machines and surge in adoption of hydraulic press machines in plastic & rubber processing industries are expected to provide numerous growth opportunities to market expansion.
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According to a new report published by Allied Market Research, titled,"Hydraulic Press Machines Market by Type, Application, and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2018 - 2025,"the hydraulic press machines market size was valued at $14,293.3 million in 2017, and is projected to reach at $21,089.2 million by 2025, growing at a CAGR of 4.7% from 2018 to 2025.
Hydraulic Press Machines Market by Type (C-Frame Hydraulic Press, H-Frame Hydraulic Press, Bench Frame Hydraulic Press, 4-Column Hydraulic Press, and Others), Application (Forging, Moulding, Punching, Stamping, Laminating, and Others), and Industry Vertical (Aerospace, Manufacturing, Automotive, Metals, Ceramic, and Others)
Increase in demand for high force pressing applications in various industries such as automotive and aerospace, growth in adoption of technologically advanced automated systems in manufacturing industry, and rise in demand for fabricated metal in automotive industry, are expected to drive the market growth.
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However, increase in use of 3D printing equipment as an alternative of hydraulic press machines and uncertainty in Chinese economy are expected to hinder the demand for hydraulic press machines. Conversely, high energy efficiency using VFDs in hydraulic press machines and increase in adoption of hydraulic press machines in plastic & rubber processing industries are expected to provide numerous opportunities for the hydraulic press machines market growth.
Key Players
The key players profiled in the report include Greenerd Press & Machine Co., Beckwood Press, Schuler Group, Betenbender Manufacturing, Inc., DORST Technologies GmbH & Co. KG, Enerpac (Actuant Corporation), Fujian Haiyuan Automatic Equipments, Japan Automatic Machine Co., Ltd., P.J.Hare Limited, and French Oil Mill Machinery.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of Market Research Reports and Business Intelligence Solutions. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.
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