Servo Press Market: Drivers, Challenges, Historical and current Sizes (2017 - 2025)

Servo Press Market: Drivers and Restraints

The sales of servo presses will continue to make headway into the press market as they meet the increasing demand for cost effective, consistent and reliable manufacturing. The market in the developed regions will be driven by replacement of traditional presses with servo presses that can generate various combinations and operate on broad types of dies, components and production speeds and strokes. Adding to this, slide motion, slide position and speed are also programmable in servo presses. Asia Pacific is one of the world’s most strongly expanding regions, due to growing manufacturing activities in developing nations in this region.

The upswing in the regional mechanical engineering industry and growing demand for automation technology offer a promising future for the servo press market. Major countries that will drive growth in this region are China, followed by Korea and India. Manufacturers are taking steps to align their portfolios to meet high precision end-user requirements in order to sustain growth in the servo press market. The traditional mechanical press can still achieve high production speeds when compared with a servo press.

However, technological advancement in the sector is estimated to overcome these limitations in the coming years. The initial investment required to acquire a servo press is relatively high as compared to that for its traditional counterparts. In the long term, the benefits associated with servo presses provide enough operational savings to cope with the increased investment.

Servo Press Market: Region-wise Outlook

The global servo press market is segmented into seven key regions: North America, Latin America, Western Europe and Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and Middle East and Africa (MEA). In the coming years, Western Europe, Japan and North America are expected to witness notable growth in this market. The alignment towards adopting latest technology and advantages of servo presses over traditional presses are two factors expected to drive the demand for servo presses in these developed regions.

APEJ and Latin America regions are expected to register significant growth, due to ongoing rapid industrialization boom in the developing countries of these regions. MEA and Eastern Europe are also expected to register healthy CAGRs over the forecast period.

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Servo Press Market: Market Participants

Examples of some of the market participants identified across the value chain of the global servo press market include: AIDA Company, Fagor Arrasate, Festo Group, Komatsu Limited, Promess Incorporated, S. I. Instruments, Schimidt Technology, SEYI SHIEH YIH Machinery Industry Co., Ltd., Stamtec Inc., Tox Pressotechnik.

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