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Digital Servo Press Global Market Report 2022

Digital Servo Press Global Market Report 2022

  • June 2022
  • 175 pages
  • ID: 6282643
  • Format: PDF
  • The Business Research Company


Table of Contents

Major players in the digital servo press market are JANOME Corporation, Promess Incorporated, Kistler Instruments India Pvt. Ltd., SINTOKOGIO Ltd, C&M Robotics Co. Ltd., AIDA Engineering Ltd., TOX PRESSOTECHNIK Ltd., THK Co. Ltd., IAI America Inc., FEC Ltd., Sanyo Machine Works Ltd., Stamtec Inc, Dai-ichi Dentsu Ltd., CORETEC Inc., and AMADA Press System Co. Ltd.

The global digital servo press market is expected to grow from $1.94 billion in 2021 to $2.24 billion in 2022 at a compound annual growth rate (CAGR) of 15.5%. The market is expected to grow to $3.54 billion in 2026 at a compound annual growth rate (CAGR) of 12.1%.

The digital servo press market consists of sales of digital servo press machines by entities (organizations, sole traders, and partnerships) that are used to make metal sheets with low formability.The digital servo press machine includes signal amplifiers, active motor cooling, controller, and software.

It is powered by the servo motor or by a gearbox. It is also used for deeper drawing or difficult drawing.

The main motor types in digital servo press are continuous rotation, linear rotation, and positional rotation.Continuous rotation servo motor can rotate in any direction indefinitely.

These motors are commonly used in radar dishes. The machine comes with various force ranges such as less than 100KN, 100kn-200KN, more than 200KN and is used in different applications including automotive, electronics, aerospace, others.

Asia Pacific was the largest region in the digital servo press market in 2021.Asia Pacific is expected to be the fastest-growing region in the forecast period.

The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The increasing demand from the automotive industry is significantly contributing to the growth of the digital servo press market.The automotive industry includes the companies involved in designing and manufacturing motor vehicles and their components such as bodies and engines.

In the automobile sector, digital servo press machines are utilized in the high-volume manufacture and assembly of vehicle parts. For instance, according to the India Brand Equity Foundation, domestic automobile production reached 26.36 million units in 2020, with a 2.36% compound annual growth rate. Furthermore, according to LMC Automotive, an automotive industry information provider, globally over 111 million cars are expected to be sold by 2032. Therefore, the increase in demand from the automotive industry is driving the growth of the digital servo press market.

Product innovations are shaping the digital servo press market.Major players in the digital servo press sector are focusing on product advancements to build more energy-efficient and high-speed digital servo press machines.

For instance, in May 2021, AIDA Engineering Ltd., a Japan-based machine manufacturing company introduced a new 4000 kN 2-point servo press with an artificial intelligence learning feature that autonomously diagnoses the press’s condition. Its key characteristics include greater speed, which, when paired with AIDA’s factory automation, increases the press’s overall productivity.

In April 2020, AIDA Engineering Ltd., a Japan-based machine manufacturing company that provides servo press machines merged with Access Ltd for an undisclosed amount. With this merger deal, AIDA Engineering Ltd aimed to expand and strengthen its core businesses including the press business of factory automation products. Access Ltd. is a Japan-based technology company.

The countries covered in the digital servo press market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.

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