Press release
Global Isostatic Pressing Market to Garner $7.97 Billion by 2027: AMR
Rise in demand for HIP and other heat treatment processes, increase in demand for products with short development cycles, and surge in need for additive manufacturing techniques have boosted the growth of the global isostatic pressing market. However, high initial investment hinders the market growth. On the contrary, rise in demand for low-cost titanium alloys in the automotive sector and low-cost medical applications in the healthcare industry is expected to open lucrative opportunities for the market players in the future.
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The global isostatic pressing market is segmented on the basis of offering, type, HIP Capacity, CIP process type, application, and region.
Based on offering, the systems segment dominated the market in 2019, accounting for more than four-fifths of the market. However, the services segment is estimated to register the highest CAGR of 8.8% during the forecast period.
On the basis of application, the aerospace & defense segment held the largest share in 2019, contributing to more than one-fourth of the market. However, the automotive segment is projected to manifest the highest CAGR of 7.6% during the forecast period.
The global isostatic pressing market is analyzed across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across North America held the lion's share in 2019, accounting for around one-third of the market. However, the Asia-Pacific is estimated to portray the highest CAGR of 7.7% during the forecast period.
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Top Impacting Factors
Significant factors that impact growth of the global isostatic pressing industry include surge in demand for hip coupled with other heat treatment processes, rise in demand for products with short development cycle, and rise in demand for additive manufacturing techniques. However, high initial investments in hot isostatic pressing, and isostatic pressing machinery requires a professional workforce to operate, which hampers growth of the market. On the contrary, surge in demand for low-cost titanium alloys in automotive sector, and growth in need for low cost medical applications in healthcare industry is anticipated to provide lucrative opportunities for the isostatic pressing market during the forecast period.
Key Benefits For Stakeholders
This study comprises analytical depiction of the global isostatic pressing market size along with the current trends and future estimations to depict the imminent investment pockets.
The overall global isostatic pressing market analysis is determined to understand the profitable trends to gain a stronger foothold.
The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
The current global isostatic pressing market forecast is quantitatively analyzed from 2019 to 2027 to benchmark the financial competency.
Porter's five forces analysis illustrates the potency of the buyers and suppliers in the global isostatic pressing market.
The report includes the global isostatic pressing market share of key vendors and market trends.
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Key Market Segments
By Offering
Services
Systems
By Type
Hot Isostatic Pressing
Cold Isostatic Pressing
By Hip Capacity
Small-Sized Pressing
Medium-Sized Pressing
Large-Sized Pressing
By Cip Process Type
Dry-Bag Pressing
Wet-Bag Pressing
By Application
Automotive
Aerospace & Defense
Medical
Precision Machine Manufacturing
Energy & Power
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Spain
Russia
Rest of Europe
Asia-Pacific
Japan
China
India
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Competition Analysis
Competitive analysis and profiles of the major global isostatic pressing market players such as American Isostatic Presses (API), DORST Technologies GmbH & Co.KG, Bodycote PLC, Engineered Pressure Systems (EPSI), Fluitron, Inc., Kobe Steel, Ltd., Nikkiso Co. Ltd., Pressure Technology, Inc., Shanxi Golden Kaiyuan Co. Ltd. are provided in this report.
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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 domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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