Global Servo Press Market Report to 2027
DUBLIN, May 19, 2022 /PRNewswire/ — The “Global Servo Presses Market Size, Share and Trends Analysis Report by Type, by Industry (Automotive, Aerospace, Electrical & Electronics and Others), by Capacity, by Regional Outlook and Forecast, 2021-2027” report has been added to from ResearchAndMarkets.com offer.
The Global Servo Press Market Size is Expected to Reach $865.6 million by 2027, growing the market at 4.6% CAGR during the forecast period.
Metal forging, casting, punching and shaping are all done using servo presses. Servo presses use high performance servo motors to give a faster sliding rate than traditional hydraulic presses during the forming process.
The use of metals has grown significantly due to increased industrialization, giving way to servo presses, which are widely used in metal forming processes. Vehicle emissions laws are becoming more stringent, creating a need for fuel-efficient, lightweight automobiles.
Thus, the use of servo presses has been spurred by the need to reduce the weight of large automotive components such as door panels, dashboard bodies and other body components. Moreover, as the purchasing power of the average person has increased, so too has the demand for technological devices. The use of servo presses in industrial facilities is increasing due to this growth in demand.
In a servo press, the ram is moved by a lead screw and nut rather than a cylinder. A belt connects the servo motor to the lead screw. The belt pushes the lead screw to turn while the motor drive shaft rotates. The nut inside the barrel slides along the guide groove as the lead screw rotates. The drive shaft of a servo motor can rotate clockwise or counterclockwise, unlike traditional electric motors. This regulates the direction of rotation of the lead screw, and therefore the thrust and retraction of the ram. Below is a video of how a press works.
PulPac and SEYI, for example, will join forces to March 2021. SEYI’s patented servo pressing technologies, with their unparalleled production efficiency and speed, will be combined with the dry-cast fiber process in this cooperation. Dry molded fiber presses are expected to be suitable for food grade manufacturing and will be modified for packaging.
COVID-19 Impact Analysis
The novel coronavirus has rapidly spread to several countries and regions, wreaking havoc on people’s lives and the community as a whole. It started as a human health issue and has now become a major hazard to global trade, economy and finance. Due to the shutdown imposed by the COVID-19 epidemic, several items in the servo press industry have been suspended. Moreover, when the COVID-19 vaccine becomes available, the number of COVID-19 infections is expected to decrease in the near future. As a result, servo press companies were able to restart at full capacity.
With the start of 2022, the servo press market is expected to recover. Following the decline in COVID-19 infection cases, equipment and machinery manufacturers should focus on protecting their employees, processes and supply networks to respond to emergency situations and build new working procedures.
Market Growth Factors:
Growing demand from the automotive sector
As the automotive industry recognizes the benefits of new technology, it is one of the main drivers behind the increased demand for servo presses. End users have been forced to switch to servo presses due to the advancement of high-strength steels and advanced materials, as well as the need to produce parts that meet form and tolerance specifications in automotive and industrial applications. other sectors, which are major factors driving the Digital Servo Press Market.
Growing adoption of servo presses in the electrical and electronics industry
Consumer electronics manufacturers use high or low force presses depending on the application in the electrical and electronics industry. They are primarily used to attach connectors with high volume compliant pins to PCBs. In this sector, the use of servo presses is expected to skyrocket. The electrical and electronics end-use category is expected to grow at a high CAGR value rate, reaching a valuation of more than 500 million US dollars by the end of the assessment year (2025). This category is expected to contribute significantly to the overall market growth.
Marketing Restriction Facto
Main topics covered:
Chapter 1. Market Scope and Methodology
Chapter 2. Market Overview
184.108.40.206 Market composition and scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market constraints
Chapter 3. Global Servo Press Market by Type
3.1 Global Screws Market by Region
3.2 Global Crank Handles Market by Region
Chapter 4. Global Servo Press Market by Industry
4.1 Global Automotive Market by Region
4.2 Global Aerospace Market by Region
4.3 Global Electrical and Electronics Market by Region
4.4 Global Others Market by Region
Chapter 5. Global Servo Press Market by Capacity
5.1 Global Above 500T Market by Region
5.2 Global 201-500T Market by Region
5.3 Global Sub 200T Market by Region
Chapter 6. Global Servo Press Market by Region
Chapter 7. Business Profiles
7.1 Komatsu Ltd.
7.1.1 Presentation of the company
7.1.1 Financial analysis
7.1.2 Segmental analysis
7.1.3 Research and development costs
7.2 Nidec Company
7.2.1 Presentation of the company
7.2.2 Financial analysis
7.2.3 Sectoral and regional analysis
7.2.4 Research and development costs
7.2.5 Strategies and recent developments:
220.127.116.11 Acquisitions and mergers:
7.2.6 SWOT analysis
7.3 SIMPAC, Inc.
7.3.1 Presentation of the company
7.3.2 Financial analysis
7.3.3 Strategies and recent developments:
18.104.22.168 Product launches and product extensions:
7.4 Isgec Heavy Engineering Ltd.
7.4.1 Company Overview
7.4.2 Financial analysis
7.4.3 Sectoral and regional analysis
7.5 Hitachi Zosen Company
7.5.1 Presentation of the company
7.5.2 Financial analysis
7.5.3 Segmental analysis
7.5.4 Research and development costs
7.6 ANDRITZ Group (Schuler Group GmbH)
7.6.1 Company Overview
7.6.2 Financial analysis
7.6.3 Sectoral and regional analysis
7.6.4 Segmental analysis
7.6.5 Research and development costs
7.7 TOX PRESSOTECHNIK GmbH & Co.KG
7.7.1 Company Overview
7.7.2 Strategies and recent developments:
22.214.171.124 Product launches and product extensions:
7.8 Japan Automatic Machine Co., Ltd.
7.8.1 Company overview
7.9 Promises, incorporated
7.9.1 Company Overview
7.9.2 Strategies and recent developments:
126.96.36.199 Product launches and product extensions:
For more information on this report, visit https://www.researchandmarkets.com/r/2su333
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