Digital Servo Press Global Market Sees Growth Rate Of 15% Through 2022

The global digital servo press market size 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 global digital servo press market is then expected to grow to $3.54 billion in 2026 at a CAGR of 12.1%.

What is the Global Digital Servo Press Market?

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.

Get a Sample of the global digital servo press market report
https://www.thebusinessresearchcompany.com/sample.aspx?id=5714&type=smp

What drives the Global Digital Servo Press Market?

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.

Get the full global digital servo press industry report here

Global Digital Servo Press Market Segments
The global digital servo press market is segmented:
By Motor Type: Continuous Rotation, Linear Rotation, Positional Rotation
By Force Range: Less than 100KN, 100KN-200KN, More than 200KN
By Application: Automotive, Electronics, Aerospace, Others
By Geography: The regions covered in the digital servo press market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Digital Servo Press Global Market Report 2022provides market size and growth forecasts for the global digital servo press market, global digital servo press market share, digital servo press market segments and geographies, digital servo press market competitive landscape including leading competitors’ revenues, profiles and market shares. The digital servo press market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Global Digital Servo Press Industry Playersinclude 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. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.