Automotive sector drives growth of hydraulic press machine market

The hydraulic press machine market is projected to witness a substantial growth of USD 4.37 billion between 2024 and 2028, as per Technavio. Throughout the forecast period, the market is anticipated to expand at a CAGR of 5.78%. The increasing demand for fabricated metal in the automotive industry is a major factor propelling market growth, along with a rising trend of incorporating vfds in hydraulic press machines.

Nevertheless, the evolution of sheet hydroforming presents a notable challenge. Noteworthy players in the market comprise Andritz AG, Betenbender Manufacturing Inc., Doerfer Companies, DORST Technologies GmbH and Co. KG, French Oil Mill Machinery Co., Hefei Metalforming Intelligent Manufacturing Co. Ltd, Japan Automatic Machine Co. Ltd., Amino North America Corp., Asai Corp., Beckwood Press, DEES Hydraulic Industrial Co. Ltd., Enerpac Tool Group Corp., Greenerd Press and Machine Co. Inc., Kojima Iron Works Co. Ltd., Komatsu Ltd., Laguna Tools Inc., LASCO Umformtechnik GmbH, Nantong Metalforming Equipment Co. Ltd., Pacific Press Technologies, and Yangli Group Corporation Ltd.

The hydraulic press machine market is experiencing growth due to advancements in technology, specifically the use of variable frequency drives (VFDs). These devices allow electric motors to run at variable speeds, reducing energy consumption during idle periods and improving motor efficiency. By controlling voltage levels and motor speed, VFDs offer energy savings, smoother loading and unloading, and lower noise levels, creating a better working environment. Despite earlier concerns about high electricity consumption, hydraulic press machines now offer improved production output and efficiency with the integration of VFDs. 

The hydraulic press machine market is experiencing significant growth, driven by the increasing demand for these machines in various industries. Presses with three-dimensional printing technology are becoming popular due to their precision and flexibility.

The use of modern materials like carbon fiber and ceramics in hydraulic presses is a trend that is gaining traction. The market is also witnessing the adoption of advanced features such as computerized controls and energy recovery systems. Additionally, the market is witnessing the emergence of servo presses, which offer higher accuracy and faster cycle times. Overall, the hydraulic press machine market is expected to continue its growth trajectory in the coming years.