Press Brakes Market Exploring the Growth at a CAGR of 5.9% By 2032

The press brakes market size was valued at $568.15 million in 2022, and is estimated to reach $995.3 million by 2032, growing at a CAGR of 5.9% from 2023 to 2032.

A press brake is a machine utilized in metalworking and fabrication procedures to bend and shape sheet metal. It consists of an effective hydraulic or mechanical press that applies force to a metal workpiece, forcing it into a predetermined form by means of a die.

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The press brake's adjustable back gauge allows for specific and repeatable bends, making it a versatile tool for the manufacturing of diverse metal components. Commonly found in manufacturing settings, press brakes are crucial for forming metallic parts utilized in industries inclusive of automotive, aerospace, and construction. Growing industrialization is one of the major factor driving the growth of press brakes market.

For instance, in August 2022, Accurl displayed the eB Ultra Series, the heavy duty full electric servo press brake. At the Hannover exhibition, the models shown were New servo electric press brake eB Ultra 35tx1250 and Hybrid Servo Press Brake EuroMaster B32.175. These press brakes offer four characteristics of “environmental protection, energy saving, high precision, and high efficiency”. Such instances drive the growth of press brakes industry.

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However, the market's expansion is hindered by the high initial cost of press brake acquisition. Press brakes typically cost between $12,000 and $16,000. Modern press brakes are sometimes very expensive up front, especially those equipped with advanced features like automation, precise bending skills, and Computer Numerical Control (CNC) systems. For small and medium-sized businesses (SMEs) or organizations with limited resources, this financial barrier might present a difficult scenario by limiting their capacity to invest in the newest press brake technology.Such factors are expected to restrain the growth of press brakes market.

Top Players:
Competitive analysis and profiles of the major players in the Press brakes market, such as Durmazlar Machinery Inc., Accurl CNC Machine Anhui Manufactory Co., Ltd., Amada Company, Ltd., Baykal Makina Sanayi ve Ticaret A.S., ADH Machine Tool, Cincinnati Incorporated, Dener Makina, Ermaksan, and LVD Company nv, are provided in this report. Major players have adopted product launch and acquisition as key developmental strategies to improve the product portfolio of the press brakes market.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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