Press release
Digital Servo Press Market Outlook, Size, Insights And Overview 2024-2033
Digital Servo Press Market
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.
Market Overview -
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.
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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.
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.
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Key Segments -
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
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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