Latest News- Press Brakes Market: Automotive industry is expected to lead the Application segment during 2025-2029

The Press Brakes Market is being driven by Increase in demand for CNC press brakes

The Press Brakes Market is expected to grow at a CAGR of 4.7% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 463.5 million. Incorporating Internet of Things (IoT) technology into press brake systems enables real-time data transmission and automated monitoring, eliminating the need for constant human intervention. Press brakes equipped with IoT sensors collect and transmit process data, such as machine condition and performance metrics, to a centralized platform for analysis. This data-driven approach enhances operational efficiency, reduces downtime, and ensures optimal machine performance. Additionally, IoT-enabled alerts are triggered when machines operate outside predefined parameters, enabling proactive maintenance and minimizing potential issues. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • Automotive industry
  • General machinery
  • Transportation equipment
  • Precision engineering
  • Others
• Product
  • Hydraulic
  • Hybrid
  • Servo-electric
  • Others
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • North America
    • Canada
    • US
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increase in demand for CNC press brakes
• Growing demand for SUVs and pick-up trucks
• Growing demand for fabricated metal products

However, the market also witnesses some limitations, which are as follows:

• Increasing number of injuries caused by press brakes
• Emergence of used and refurbished press brakes
• Regulations to reduce risks related to operating press brakes

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Market Scope in Press Brakes Market Research Report

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Research Analysis Overview

The press brake market encompasses advanced metalworking solutions for metallic fabrication, focusing on sheet steel and high-precision bending. These systems incorporate Computer Numerical Control (CNC), servo hydraulic mechanisms, and bending software programs for high efficiency and environmental protection. Advanced press brakes offer industrial automation solutions, energy savings, and waste reduction in various metalworking applications. Manufacturers prioritize industrial safety, precision engineering, and competitive pricing. Bending machine manufacturers and industrial equipment distributors provide engineering services, manufacturing technology, and press brake training for sustainable manufacturing and industrial design. Press brake maintenance ensures the longevity and optimal performance of industrial machinery used in structural fabrication, automotive parts manufacturing, and sheet metal bending.

Market Research Overview

The press brake market is a significant segment of the larger industrial machinery and supplies and components market, catering to the needs of metallic fabrication in various metalworking applications. This market encompasses modern press brakes, equipped with servo hydraulic mechanisms and advanced bending software programs, which offer high precision and efficiency. The global industrial machinery and supplies and components market, comprising manufacturers of machinery and components used in industrial settings, is expected to experience growth due to increasing industrial output in process and discrete industries, driven by the expanding economies of developing countries. This growth is fueled by the rising demand for energy, chemicals and petrochemicals, pulp and paper products, and processed food and beverages. As a result, the press brake market is poised to benefit from this upward trend, with a focus on energy saving and environmental protection features to enhance competitiveness.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/