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Powder Compacting Pressers Market Report
Powder Compacting Pressers Market Size, Share, Trend, Forecast, & Industry Analysis: 2022-2028
Powder Compacting Pressers Market is likely to grow from USD 329.69 million in 2021 to USD 422.29 million by 2028 at a CAGR of 3.55% during the forecast period of 2022-2028.
Powder Compacting Press is a compression molding machine. It is used to form complex shapes from metallic, ceramic, composite, PTFE, and other powder compounds.
Powder compacting is a compression molding process that forms complex shapes from ceramic, composite, metallic, PTFE, and other powder compounds employing a press (which is usually a hydraulic one). The powder compacting pressers market is driven by a surge in demand for Internet of Things (IoT) in automobile production, owing to its ability to provide improved efficiency by optimizing the manufacturing processes.
Based on the product type, the market is segmented as hydraulic, electric, hybrid, mechanical, and servo-hydraulic. Mechanical powder compacting pressers dominated the market and accounted for around 45% share of the global revenue in 2021. The segment is estimated to maintain its incontestable lead during the forecast period as mechanical powder compacting pressers are suitable for large-scale production, providing one of the fastest production speeds.
Based on the application type, the market is segmented as powder metallurgy, ceramic & cement, carbon & carbide, and others. The powder metallurgy application segment ruled the market in 2021 accounting more than 56% market share and is expected to continue its leading position over the forecast period. Powder metallurgy has reduced machining costs and the amount of material used. Furthermore, powder metallurgy has proved effective in providing uniformity in the components, resulting in lower operational costs.
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In terms of regions, North America dominated the market in 2021, accounting for 37.5% share of the global revenue. The region is expected to maintain its irrefutable lead during the forecast period as well. The growth of the regional market is likely to be driven by factors such as the presence of key competitors in the region and increasing consumers' spending ability. The presence of major government and private aerospace companies, coupled with high defense spending in the U.S., is expected to bolster the demand for powder compacting pressers over the forecast period in the North American region.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Powder Compacting Pressers Market Research Report - Features |
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Market Segmentation |
4 |
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Regions Covered |
4 |
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Countries/Sub-Regions Covered |
17 |
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No. of Figures & Tables |
>150 |
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Company Profiles |
10 |
The powder compacting pressers market is segmented into the following categories.
Some of the key players in the powder compacting pressers market are-
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Competitive Benchmarking
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.
The powder compacting pressers market is expected to witness an impressive growth of 3.55% CAGR in the coming years.
Osterwalder AG, MaschinenfabrikLauffer GmbH & Co.KG, Gasbarre Products, Inc., Ajax CECO Erie Press, Beckwood Press, DORST Technologies GmbH & Co. KG, Cincinnati Incorporated, Nanjing East Precision Machinery CO., LTD., Santec Exim Pvt. Ltd, SACMI IMOLA S.C are among the key players in the powder compacting pressers market.
Mechanical powder compacting pressers is expected to maintain its lead in the powder compacting pressers market in the next five years.
The powder metallurgy application segment is expected to continue its leading position in the powder compacting pressers market in the foreseeable future.
North America dominated the powder compacting Pressers market in 2021.
A surge in demand for Internet of Things (IoT) in automobile production, owing to its ability to provide improved efficiency by optimizing the manufacturing processes are the factors driving the growth of powder compacting pressures market.
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