As environmental awareness and regulations drive market demand for digital servo presses, manufacturers are adopting energy-efficient equipment.
WILMINGTON, Del., March 14, 2024 (Globe Newswire) — Transparency Market Research Co., Ltd. – of Digital servo press market it was worth it 831.5 million USD In 2021. CAGR 3.6% The global market size of digital servo presses is predicted to grow from 2022 to 2031. 1.17 billion USD Manufacturers can use the digital servo press's advanced monitoring and control system to ensure consistent product quality. Collect and analyze real-time data to improve quality control.
Digital servo presses with advanced safety mechanisms often provide operator safety and comfort. Human-machine collaboration is essential, especially in industries where there is a high degree of human-machine collaboration. Digital servo presses offer long-term cost savings, lower energy consumption and reduced maintenance costs, as well as attractive to businesses looking for a sustainable and economical solution.
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As industries around the world continue to automate and modernize their manufacturing processes, demand for advanced equipment such as digital servo presses is expected to increase. Research and development efforts in manufacturing technology foster healthy competition and market growth by introducing innovative features to digital servo presses.
Key findings of the market report
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In 2021, Asia Pacific accounted for 48.47% of the global market.
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The linear segment accounts for the largest market share of digital servo presses.
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A market share of over 200 KN is projected to dominate the global digital servo press market.
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The continuous rotation segment is expected to drive the demand for digital servo presses.
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Regarding distribution channels, direct sales will drive the demand for digital servo presses.
Global digital servo press market: growth drivers
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Servo presses allow you to control force, position, and speed with precision and precision. As manufacturing processes become more sophisticated, the automotive, electronics, and aerospace industries are adopting digital servo presses.
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Traditional hydraulic and pneumatic presses are typically more energy efficient than digital servo presses. As sustainable practices become increasingly important to industry, digital servo presses are becoming increasingly popular due to their energy-saving features.
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Digital servo presses make programming easy and adaptable to different production requirements. Flexible product lines or frequent product changes are essential for industries with diverse product lines.
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Digital technologies are increasingly used to improve automation and data-driven decision-making in Industry 4.0 and smart manufacturing. Digital servo presses enable the connection of manufacturing systems to these efforts.
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Digital servo presses reduce downtime between production runs with quick setup and changeover capabilities. Manufacturers looking to increase productivity will especially benefit from this efficiency.
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Global Digital Servo Press Market: Regional Status
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Digital servo press is expected to drive the demand for digital servo press market. The Asia-Pacific region is a hub of manufacturing activity for various industries, especially in Japan, China, and South Korea.
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China and Japan are two key auto manufacturing countries driving demand for digital servo presses in the Asia-Pacific region. Automotive parts production relies heavily on the precision and efficiency of these presses. Electronics and semiconductor manufacturing are major industries in the Asia-Pacific region. Electronic components must be assembled using digital servo presses to maintain precise tolerances.
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Manufacturing in Asia Pacific is becoming increasingly automated and embracing Industry 4.0. Digital servo presses are becoming increasingly popular for smart manufacturing projects due to their data-driven capabilities and connectivity.
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Manufacturers in Asia Pacific are seeking automation solutions as labor costs rise. In addition to increasing efficiency and reducing reliance on labor, digital servo presses can also help reduce costs. Advances in technology and innovation, such as digital servo presses, can be influenced by government initiatives and investments. Investing in modern, efficient machinery can sometimes be encouraged through grants and incentives.
Global digital servo press market: Major companies
Many digital servo press manufacturers are focused on reducing the number of components in their products. Such innovations are considered one of the most important trends in the servo press market, as they are likely to lead to price reductions.
Key player profiles
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Daiichi Dentsu Co., Ltd.
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Hoden Precision Chemical Research Institute Co., Ltd.
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AMADA MACHINE TOOLS CO., LTD.
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Promise Co., Ltd.
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Sanyo Machinery Co., Ltd.
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C&M Robotics Co., Ltd.
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Stamtech Co., Ltd.
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Komatsu America Industries LLC
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Coretech Co., Ltd.
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Janome industrial equipment
Main developments
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Daiichi Dentsu Co., Ltd. – Daiichi Dentsu is a Japanese company that operates in the field of advertising and marketing. If your business has changed or diversified since your last update, it's best to check the latest company information.
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Hoden Precision Chemical Research Institute Co., Ltd. As of the last update, information on Hoden Precision Chemical Research Institute Co., Ltd. is limited. For the latest information about the company's operations and products, we encourage you to refer to current sources.
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Amada Machine Tools Co., Ltd. Amada Machine Tools is a member of the Amada Group and specializes in manufacturing machine tools such as grinding machines and precision equipment for metal processing.
Global Digital Servo Press Market: Segmentation
By type
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Less than 100KN
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100KN～200KN
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200KN or more
By motor type
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Rotate position
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continuous rotation
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linear
By use
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car
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motor and electronic industry
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Aerospace
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Others (medical equipment, robots, etc.)
By distribution channel
By region
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North America
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Europe
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Asia Pacific
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middle east and africa
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south america
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