Key vendors to shift to a demand-led strategy to bring about cost efficiency.
Technavio, a company that develops over 2000 pieces of research every year and covers more than 500 technologies across 80 countries, has announced the top five vendors for the global press machine market in their latest research report. This report also lists 23 other prominent vendors who are expected to contribute to this market’s growth between 2017-2021.
Competitive vendor landscape
The global market for press machines is highly fragmented in nature due to the presence of numerous players in the market space. Apart from the top vendors, several regional and local vendors manufacture customized and energy-efficient press brakes that are available in the market at lower prices, when compared to their international counterparts. Though the market seems unsaturated with several new vendors, it is quite difficult for them to compete with international vendors in terms of quality, features, functionalities, and services. The introduction of improved products with new features and technologies during the forecast period is projected to intensify competition in the market space.
According to Anju Ajaykumar, a lead analyst at Technavio for research on tools and components, “Vendors in the market space are adapting to the changing market dynamics in terms of cost-effectiveness. The need to reduce the cost for smaller lot sizes without compromising on the quality of the products is resulting in the adoption of automation and other advanced technologies among vendors. The market is experiencing a shift from manufacturer-led production to demand-led strategies currently.”
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Top five vendors in the press machine market space
AMADA
AMADA mainly engages in the manufacturing and sales, leasing, repair and maintenance of plate products and press products. The company operates its business through various segments, including metal processing machinery, metal machine tools segment, and others. The metal processing machinery segment offers various products such as laser machines, punch, and laser combined processing machines, numerical control turret punch presses, press brakes, shirring, bending robots, plate processing system lines, factory automation computers, software, and others.
Key products: HD NT series, HG series, EG series, HFE II series, HFE 3i series, HD series, and HD-ATC.
Anyang Forging Press Machinery Industry
Anyang Forging Press Machinery Industry is one of the biggest manufacturers of forging machines in China. The company’s product offerings include CNC fully hydraulic die forging hammers, electro-hydraulic open-die forging hammers, electro-hydraulic die forging hammers, hydraulic open-die forging presses, pneumatic forging hammers, forging manipulators, forging chargers, and ring rolling machines.
Key products: CNC hydraulic die forging hammers, Hydraulic closed die forging hammers, Pneumatic forging hammers, and Hydraulic open die forging presses.
Bystronic
Bystronic develops and sells systems for sheet processing. The company offers laser cutting systems, press brakes, waterjet cutting systems, and automation solutions. It serves customers across various countries in different regions, including Europe, Asia-Pacific, and the US.
Key products: Hämmerle 3P, Xpert 40, Xpert, Xact Smart, Xact/Xact M, and Xcite 80 E.
Schuler
Schuler is one of the leading manufacturers of forming equipment, including forging press machines. Since its inception, the company has been innovating new technologies for better efficiency and customer satisfaction. It offers a wide range of products such as forging tools, cutting tools, automation technologies, stamping technologies, and minting technologies.
Key products: Hydraulic cold extrusion presses, Hydraulic presses for forging CNG tank, Multi-station presses with link drive, Multi-station presses for forging of wire, and Hydraulic press lines.
TRUMPF
TRUMPF manufactures machine tools, focusing on industrial production and medical technology. The company produces machine tools for sheet metal and material processing. It operates through various divisions, including machine tools, laser technology, power tools, electronics, and medical technology. It produces sheet metal for industrial, transportation, households, and healthcare sectors.
Key products: TruBend series 3000, TruBend series 5000, TruBend series 7000, and TruBend series 8000.
A more detailed analysis is available in the Technavio report, Global Press Machine Market 2017-2021. Technavio also customizes reports by other regions and specific segments upon request.
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