What Has Been the Progress and Growth of the Digital Servo Press Market in Recent Years?
The digital servo press market has seen considerable growth due to a variety of factors.
• The market size of the digital servo press has experienced a significant expansion in the past few years. There has been a prediction of growth from $2.8 billion in 2024 to $3.14 billion in 2025, showing a compound annual growth rate (CAGR) of 12.0%.
The growth during the historical period is due to the rising demand for high-precision, quality production and the necessity for enhanced control and surveillance in manufacturing procedures. The progression is also propelled by the surge in automation within manufacturing sectors, the development of electronics and semiconductor manufacturing, and the adaptation of servo presses in automaking.
What Can Be Expected from the Digital Servo Press Market in the Coming Years?
The digital servo press market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of digital servo press is anticipated to witness a surge in the coming years, expanding to $4.88 billion in 2029 with a compound annual growth rate (CAGR) of 11.7%.
This projected growth within the forecast period can be ascribed to the expansion in aerospace and medical device production, market proliferation in emerging and developing economies, the need for miniaturization and micro-assembly in the electronics sector, bespoke and specialized digital servo presses for unique applications, and the rise in adoption of electric and hybrid vehicles fueling the demand for servo presses. Notable trends within the forecast period comprise advanced motion control algorithms, sensors for monitoring force and position, smart human-machine interface (HMI) systems, integration with vision systems, energy-saving servo drive systems, and collaborative robot (cobot) integration.
What Main Forces Are Fueling Expansion In The Digital Servo Press Market?
The digital servo press market is seeing substantial growth due to the heightened demand from the automotive sector. This industry comprises businesses that design and build motor vehicles and their components, including bodies and engines. Digital servo press machines are utilized intensively in this sector for manufacturing and assembling vehicle parts in large volumes. For example, LMC Automotive, an information supplier for the automotive industry, predicts that worldwide, over 111 million cars are projected to be sold by 2032. Consequently, the escalating demand from the automotive industry is propelling the growth of the digital servo press market.
What Are The Primary Segments In The Global Digital Servo Press Market?
The digital servo press market covered in this report is segmented –
1) By Motor Type: Continuous Rotation, Linear Rotation, Positional Rotation
2) By Force Range: Less than 100KN, 100KN-200KN, More than 200KN
3) By Application: Automotive, Electronics, Aerospace, Other Applications
Subsegments:
1) By Continuous Rotation: DC Brushless Motors, Stepper Motors, AC Servo Motors
2) By Linear Rotation: Linear Servo Motors, Linear Actuators
3) By Positional Rotation: Rotary Servo Motors, Precision Servo Motors
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Which Key Trends Are Driving Changes In The Digital Servo Press Market?
Innovations in product development are influencing the direction of the digital servo press market. Key companies in the sector, such as AIDA Engineering Ltd., a Japan-based machine manufacturer, are placing emphasis on enhancing their products to create digital servo press machines which are more powerful and operate at faster speeds. An example of this is the recently launched 4000 kN 2-point servo press with an AI learning feature. This feature allows for independent diagnosis of the press's condition. The increase in speed, combined with AIDA’s factory automation, boosts the total productivity of the press.
Who Are the Key Players in the Digital Servo Press Market?
Major companies operating in the digital servo press market include:
• JANOME Corporation
• Promess Incorporated
• Kistler Instruments India Pvt. Ltd.
• Sintokogio Ltd.
• C&M Robotics Co. Ltd.
• AIDA Engineering Ltd.
• TOX PRESSOTECHNIK Ltd. UK
• THK Co. Ltd.
• IAI America Inc.
• FEC Ltd.
• Sanyo Machine Works Ltd.
• Stamtec Inc.
• DAI-ICHI DENTSU LTD.
• CORETEC Inc.
• AMADA PRESS SYSTEM CO. LTD.
• FANUC Corporation
• Komatsu America Industries LLC
• Hitachi America Ltd.
• Ingersoll Production Equipment
• Beckwood Press Co.
• Schuler AG
• APEC Ltd.
• Moog Inc.
• SKF Motion Technologies
• Niagara Press Company Inc.
• KOMPAKT Press Automation GmbH
• Taylor-Winfield Technologies Inc.
• Dake Corporation
• The Minster Machine Company
• NIDEC-SHIMPO Corporation
What Is The Most Dominant Region In The Digital Servo Press Market?
Asia-Pacific was the largest region in the digital servo press market share in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the digital servo press market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
