Powder Compacting Pressers Market Will Reach USD 420.27 million by 2029| Key Players: KomageGellnerMaschinenfabrik KG (Germany), SMS group GmbH (Germany), Osterwalder AG (Switzerland)

Market Definition

Powder compacting is a compression molding process that forms complicated shapes from metallic, ceramic, composite, PTFE, and other powder compounds using a press (typically hydraulic). The process of compacting metal powder in a die using high pressures is known as powder compaction. In most cases, the tools are held vertically, with the punch tool forming the cavity's bottom. After compacting the powder into a form, it is ejected from the die cavity.

The powder compacting pressers market was valued at USD 316.71 million in 2021 and is expected to reach USD 420.27 million by 2029, registering a CAGR of 3.60% during the forecast period of 2022-2029. The "ceramic and cement" accounts for the largest application segment in the powder compacting pressers market owing to the increasing adoption of powder compacting pressers in the production of ceramic cutting tools due to the high heat resistance and extensive usage in metalworking for extremely hard parts. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario

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Market Analysis and Size

The powder compacting pressers are becoming more widely utilized across end-use sectors such as automobiles, military, machining and aerospace, which is expected to boost market growth. Furthermore, governments all around the world are granting tax breaks to vehicle makers who migrate to electric standards, boosting demand for powder compacting presses. These growth determinants are estimated to significantly contribute to the market's expansion over forecasted timeframe.

Powder Compacting Pressers Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers:

Surging Demand

The increased need for the internet of things (IoT) in vehicle production and rising demand from end-use industries such as aerospace and military are driving the global powder compacting pressers market is estimated to carve a way for the growth of the market. The employment of additional powder compacting pressers in the manufacturing of various vehicle parts will be necessitated by growing automation, which will function as a catalyst for the powder Compacting Pressers sector. Also, many industries are increasing their demand for sintered gears, which are used in transmissions instead of forging gears, which is driving up demand for powder compacting pressers.

The growing prevalence of second-hand powder compacting presses will further prop the growth rate of the powder compacting pressers market. Additionally, the growth in trade by air transportation will also drive market value growth. The expansion of the end use industries and the high defense expenditure are projected to bolster the market's growth.

Opportunities

Growing Advancements And Research Activities

Furthermore, manufacturers' growing advancements in developing new products with improved features extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, the increased awareness about the benefits of compacted powders along with the increasing number of companies investing in research and development activities to incorporate sophisticated technologies such as artificial intelligence (AI) and the Internet of Things (IoT) will further expand the future growth of the powder compacting pressers market.

Some of the major players operating in the powder compacting pressers market are
KomageGellnerMaschinenfabrik KG (Germany)
SMS group GmbH (Germany)
Osterwalder AG (Switzerland)
MaschinenfabrikLauffer GmbH & Co.KG (Germany)
Gasbarre Products, Inc. (U.S.)
Ajax CECO Erie Press (U.S.)
Beckwood Press (U.S.)
DORST Technologies GmbH & Co. KG (Germany)
Cincinnati Incorporated (U.S.)
Nanjing East Precision Machinery CO., LTD. (China)
Dongguan Yihui Hydraulic Machinery Co., Ltd. (China)
Quintus Technologies AB (Sweden)
SACMI IMOLA S.C. (Italy)

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Global Powder Compacting Pressers Market Scope

The powder compacting pressers market is segmented on the basis of product type, application and end use industry. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product Type
Hydraulic
Electric
Hybrid
Mechanical
Servo-hydraulic

On the basis of product type, the powder compacting pressers market has been segmented into hydraulic, electric, hybrid, mechanical and servo-hydraulic.

Application
Powder Metallurgy
Ceramic and Cement
Carbon and Carbide
Others

The powder compacting pressers market has also been segmented on the basis of application into powder metallurgy, ceramic and cement, carbon and carbide and others. The ceramic and cement segment is anticipated to have highest growth owing to the increasing adoption of powder compacting pressers in the production of ceramic cutting tools due to the high heat resistance and extensive usage in metalworking for extremely hard parts.

End Use Industry
Automotive
Machining
Energy and Electricity
Equipment
Construction
Others

On the basis of end use industry, the powder compacting pressers market is segmented into automotive, machining, energy and electricity, equipment, construction and others.

Powder Compacting Pressers Market Regional Analysis/Insights

The powder compacting pressers market is analyzed and market size insights and trends are provided by country, product type, application and end use industry as referenced above.

The countries covered in the powder compacting pressers market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the powder compacting pressers market because of government and private aerospace companies and high defense expenditure within the region.

On the other hand, Asia-Pacific is estimated to show lucrative growth during the forecast period of 2022 to 2029 due to the increase in population, changing lifestyle, and improvement in disposable income within the region.

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