Hydraulic Press Machine Market Size , Share , Trends , Analysis and Forecasts To 2021
Market Research analysts forecast the global hydraulic press machines market to grow at a CAGR of 4.27 % during the period 2017-2021 .
According to the report , the performance of any manufacturing industry generally depends on the growth of the end-user segment . One of the biggest end-user markets for manufacturing technology products is the automobile industry , and with global automobile production projected to increase , it is expected to help the manufacturing market to expand . All automobile manufacturers and their multi-layered supply chains depend widely on machine dies , tools , molds , jigs , and many other different types of equipment . In the automotive sector , stamping is an important manufacturing process that is used to produce body parts for automobiles , for which press machines are used .
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Further , the report states that additive manufacturing , also known as 3D printing , is a relatively expensive technology , which can replace traditional manufacturing tools like hydraulic press machines . The use of 3D printing technology is likely to expand during the forecast period ; this technology can easily replace manufacturing equipment like hydraulic presses if the cost of material and equipment declines in the future . In recent years , 3D printing has evolved so much that it can handle almost any kind of material , such as titanium and even human tissue . 3D printing is even capable of manufacturing complex designs like transistors and LEDs . The competency of the 3D printing equipment is increasing so rapidly that they can even build large products with high accuracy and fine resolution . Traditional hydraulic press machines cannot produce complex designs like transistors .
About Hydraulic Press Machines
Press machine is a type of machine , which is crucial to industrial manufacturing processes . Presses provide energy by exerting a force , which acts over a stroke . Hydraulic press machines are widely used in the metal forging industry to perform blanking , stamping , coining and embossing . Press machines are also used in the metal fabrication and metal extrusion processes . There are four main types of press machines as shown below .
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