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Digital Servo Press Market Analysis 2024 -2033: Forecasted Market Size, Top Segments, And Largest Region | JANOME Corporation, Promess Incorporated, Kistler Instruments India Pvt. Ltd., Sintokogio Ltd.,
Digital Servo Press Market Trends
The Business Research Company offers in-depth market insights through Digital Servo Press Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The digital servo press market size has grown rapidly in recent years. It will grow from $2.51 billion in 2023 to $2.82 billion in 2024 at a compound annual growth rate (CAGR) of 12.3%. 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 $4.39 billion in 2028 at a compound annual growth rate (CAGR) of 11.7%. 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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Market Segmentation:
The main motor types in digital servo press are continuous rotation, linear rotation, and positional rotation. Continuous rotation servo motor can rotate in any direction indefinitely. These motors are commonly used in radar dishes. The machine comes with various force ranges such as less than 100KN, 100KN-200KN, and more than 200KN, and is used in different applications including automotive, electronics, aerospace, and others.
Major Driver - Automotive Industry Demand Driving Digital Servo Press 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.
Competitive Landscape:
Major companies operating in the digital servo press market include 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.
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Top Trend - Innovative Product Development In High-Speed And Energy-Efficient Digital Servo Press Machines
Product innovations are shaping the digital servo press market. Major players in the digital servo press sector are focusing on product advancements to build more energy-efficient and high-speed digital servo press machines. For instance, in May 2021, AIDA Engineering Ltd., a Japan-based machine manufacturing company introduced a new 4000 kN 2-point servo press with an artificial intelligence learning feature that autonomously diagnoses the press's condition. Its key characteristics include greater speed, which, when paired with AIDA's factory automation, increases the press's overall productivity.
The Table Of Content For The Market Report Include:
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. Digital Servo Press Market Size And Growth
…..
27. Digital Servo Press Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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