Stratview Research has published a new report titled “Powder Compacting Pressers Market” which is segmented by Product Type (Hydraulic, Electric, Hybrid, Mechanical, and Servo-hydraulic), by Application Type (Powder Metallurgy, Ceramic & Cement, Carbon & Carbide, and Others), by End-Use Type (Automotive, Machining, Energy & Electricity, Equipment, Medical, Military, Construction, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
As per the study, powder Compacting Pressers market is likely to witness a CAGR of 3.5% during the forecast period. Powder compacting is a compression molding process that forms complex shapes from ceramic, composite, metallic, PTFE, and other powder compounds employing a press (which is usually a hydraulic one). The powder compacting pressers market is driven by a surge in demand for Internet of Things (IoT) in automobile production, owing to its ability to provide improved efficiency by optimizing the manufacturing processes.
This report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the market dynamics of the industry. It provides thorough analysis of the market segments which include products, applications, and competitor analysis.
The market is bifurcated into various segments. Below given is the segment-wise analysis -
Based on the product type, the market is segmented as hydraulic, electric, hybrid, mechanical, and servo-hydraulic. Mechanical powder compacting pressers dominated the market and accounted for around 45% share of the global revenue in 2021. The segment is estimated to maintain its incontestable lead during the forecast period as mechanical powder compacting pressers are suitable for large-scale production, providing one of the fastest production speeds.
Based on the application type, the market is segmented as powder metallurgy, ceramic & cement, carbon & carbide, and others. The powder metallurgy application segment ruled the market in 2021, and is expected to continue its leading position over the forecast period. Powder metallurgy has reduced machining costs and the amount of material used. Furthermore, powder metallurgy has proved effective in providing uniformity in the components, resulting in lower operational costs.
In terms of regions, North America dominated the market in 2021, accounting for 37.8% share of the global revenue. The region is expected to maintain its irrefutable lead during the forecast period as well. The growth of the regional market is likely to be driven by factors such as the presence of key competitors in the region and increasing consumers' spending ability. The presence of major government and private aerospace companies, coupled with high defense spending in the U.S., is expected to bolster the demand for powder compacting pressers over the forecast period in the North American region.
Who are the Key Players in the Market?
This report provides market intelligence in the most comprehensive way. It also provides critical insights into the key players active in the market, that will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key players activen in the Powder Compacting Pressers Market:
- Osterwalder AG
- MaschinenfabrikLauffer GmbH & Co.KG
- Gasbarre Products, Inc.
- Ajax CECO Erie Press
- Beckwood Press
- DORST Technologies GmbH & Co. KG
- Cincinnati Incorporated
- Nanjing East Precision Machinery CO., LTD.
- Santec Exim Pvt. Ltd
- SACMI IMOLA S.C.
Key questions answered by the report
- What is the projected CAGR for revenue from the Powder Compacting Pressers Market during the forecast period?
- What would be the market be valued at by 2027?
- What is a major driving factor for growth of the market?
- Which region accounted for largest revenue share in the Powder Compacting Pressers Market?
- Which are the major market players?
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