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In this report, LP Information covers the present scenario (with the base year being 2017) and the growth prospects of global Mechanical Presses market for 2018-2023.
A mechanical press is a device designed to apply very high force to form, shape, or cut materials, to compress solids, or to extract liquids. Mechanical presses range in size from very small units that are operated by hand, to large powered industrial units used in manufacturing and assembly line applications.
In the coming years there is an increasing demand for mechanical presses in the regions of China and Europe that is expected to drive the market for more advanced mechanical presses. Increasing of automotive fields expenditures, more-intense competition, launches in introducing new products, increasing of spending on general industry, retrofitting and renovation of old technology, increasing adoption of mechanical presses will drive growth in gloabl markets.
Globally, the mechanical presses industry market are low concentrated as the manufacturing technology of mechanical presses is relatively matures than some high-tech equipment. And some enterprises, like Schuler, Komatsu and JIER etc. are well-known for the wonderful performance of their mechanical presses and related services. At the same time, Europe, occupied 26.45% production market share in 2016, is remarkable in the global mechanical presses industry because of their market share and technology status of mechanical presses.
The consumption volume of mechanical presses is related to downstream industries and global economy. As there will always be some uncertain in the global economy in the following years, the growth rate of mechanical presses industry may not keep that fast. But it is surely forecasted that the market of mechanical presses is still promising.
The product average price declined in the past few years due to the technology development, the average price will keep the trend in the few future years due to increasing mature manufacturing technology and lowing cost of raw materials.
The impact on the cost and availability of raw materials and certain components is uncertain due to potential supply changes. The costs of raw materials have a significant impact on the level of expenses. If the prices of raw materials and related factors such as energy prices increase, and if new companies cannot pass those price increases on to customers, their results of operations and financial condition would suffer.
With emerging economies growing faster, a strategy has been adopted by most leading vendors in the mechanical presses market to approach these areas. QYR analysis of the mechanical presses market indicated that Europe would account for the highest sales in 2022 with close to 39 percent of global sales coming from this region, but Asia has the highest growth rate. Vendors recognize the importance of this region, particularly in China, and are working towards penetrating this market by strengthening their sales and distribution networks.
Although the market competition of mechanical presses is fierce globally, there are many enterprises can obtain considerable profit form the manufacturing and marketing of mechanical presses and that is the reason that we believe there will also be enterprises enter this market. But it is suggested that enterprises those have plans to enter this industry have careful analysis of this market and the advantages or disadvantages of themselves.
Over the next five years, LPI(LP Information) projects that Mechanical Presses will register a xx% CAGR in terms of revenue, reach US$ xx million by 2023, from US$ xx million in 2017.
This report presents a comprehensive overview, market shares, and growth opportunities of Mechanical Presses market by product type, application, key manufacturers and key regions.
To calculate the market size, LP Information considers value and volume generated from the sales of the following segments:
Segmentation by product type:
- Less than 2500KN
- More than 10000KN
Segmentation by application:
- Automotive industry
- Ship Building industry
- Aerospace industry
- General Machine industry
- Home appliances
This report also splits the market by region:
- - United States
- - Canada
- - Mexico
- - Brazil
- - China
- - Japan
- - Korea
- - Southeast Asia
- - India
- - Australia
- - Germany
- - France
- - UK
- - Italy
- - Russia
- - Spain
- Middle East & Africa
- - Egypt
- - South Africa
- - Israel
- - Turkey
- - GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
- Yangli Group
- Isgec Heavy Engineering Ltd
- QIQIHAR NO.2
- Chin Fong
- World Group
- SMS Group
- Hitachi Zosen
- Fagor Arrasate
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
- To study and analyze the global Mechanical Presses consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
- To understand the structure of Mechanical Presses market by identifying its various subsegments.
- Focuses on the key global Mechanical Presses manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
- To analyze the Mechanical Presses with respect to individual growth trends, future prospects, and their contribution to the total market.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
- To project the consumption of Mechanical Presses submarkets, with respect to key regions (along with their respective key countries).
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
- To strategically profile the key players and comprehensively analyze their growth strategies.