Portland, OR -- (SBWIRE) -- 10/02/2017 -- The electric presses are used in shaping manufacturing appliances, automotive, ceramic, and electrical products. The presses can be customized as per the need, to get the products in desired shapes. They offer efficient and effective production and speed. These factors drive the growth of building energy management solutions market. The growth in demand for the industries such as ship industry, train industry, automobile industry, and others create a need for production on a large scale, which results in more demand for the press machines, thereby creating future opportunities for the electric presses market. Moreover, the immense shift towards the manufacturing sector in the developing countries (China, India, and others) creates huge a huge demand for the market.

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The market is segmented on the basis of type, application, and geography. On the basis of type, the market is bifurcated into vertical type presses and horizontal type presses. Based on application, the market is divided into aviation industry, train industry, automobile industry, ship industry, and tractor industry. By geography, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players operating in the market include AxNum AG, Dirinler Machinery, ESBELT, FLEXCO, Gottfried Joos, HIDROGARNE, Kannegiesser, Komax Wire, Manesty, and Janome.

Global Electric Presses Market Key Segments:

By Type

- Vertical Type Presses
- Horizontal Type Presses

By Application

- Aviation Industry
- Train Industry
- Automobile Industry
- Ship Industry
- Tractor Industry