Global Press Brakes Market to Grow at a CAGR of 4.54% During the Period 2016 - 2020; Finds New Report
Market Research Reports, Inc. has announced the addition of “Global Press Brakes Market 2016 - 2020” research report to their website www.MarketResearchReports.com
Lewes, DE -- (SBWire) -- 05/11/2016 --Report forecast the global press brakes market to grow at a CAGR of 4.54% during the period 2016-2020.
Press brake, also known as brake press, is a machine tool used for bending sheet and plate materials, most commonly sheet metals. Two C frames form the sides of a press brake. These are connected to a table at the bottom and a moveable upper beam on the top; however, opposite configuration can also be used. The top tool is attached to the upper beam, whereas the bottom tool rests on the table.
This tool forms predetermined bends by clamping the workpiece between a matching punch and die. The working capability of a press brake is characterized based on parameters such as tonnage, working length, stroke or amplitude, distance between frame uprights or side housings, and work height. The operating speed of an upper beam in a press brake usually ranges from 1 to 15 mm/s.
The report covers the present scenario and the growth prospects of the global press brakes market for 2016-2020. The market size has been calculated based on demand for press brakes from various end-users.
The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA
According to the report, a key market driver is the rising demand for CNC press brakes. Design plays a crucial role in any product development process; precise design specifications aid in giving the desired form to a product. Press brakes are used to implement these specifications for convenient and easy development of complex products and shapes. Thus, effective use of machine tools helps industries develop superior-quality products with enhanced dimensional accuracy.
Further, the report states that a slowing down in the Chinese economy will likely have an adverse impact on the press brakes market.
Global Press Brakes Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
key players in the Global Press Brakes Market: Amada, Bystronic, MC Machinery Systems, and TRUMPF.
Other Prominent Vendors in the market are: Accurl, Baileigh Industrial, Betenbender, Cincinnati, Eagle Bending Machines, EHRT/International Technologies, ERMAKSAN, Gasparini, Lazer Safe, LVD, Komatsu, Ketec Precision Tooling, Hindustan Hydraulics, HACO, Jayson Machines, IMAC, MetalForming, Salvagnini America, and Santec Group.
Market driver
- Rising demand for CNC press brakes
- For a full, detailed list, view our report
Market challenge
- Slowdown of Chinese economy
- For a full, detailed list, view our report
Market trend
- Increase in automation
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 86 pages and 40 Exhibit "Global Press Brakes Market 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by type, Market segmentation by application, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.
For more information Visit at: http://www.marketresearchreports.com/technavio/global-press-brakes-market-2016-2020
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