Digital Servo Press Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The report covers Global Electric Servo Press Market and is segmented by Force Range (Less than 100KN, 100KN-200KN, and More than 200KN), Application (Automotive, Aerospace, and Electronics), and Geography.

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Digital Servo Press Market Size

Digital Servo Press Market
Study Period 2020 - 2029
Market Size (2024) USD 1.07 Billion
Market Size (2029) USD 1.48 Billion
CAGR (2024 - 2029) 6.74 %
Fastest Growing Market Asia
Largest Market Asia

Major Players

Digital Servo Press Market

*Disclaimer: Major Players sorted in no particular order
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Digital Servo Press Market Analysis

The Digital Servo Press Market size is estimated at USD 1.07 billion in 2024, and is expected to reach USD 1.48 billion by 2029, growing at a CAGR of 6.74% during the forecast period (2024-2029).

  • The automotive sector is one of the major drivers for the increasing demand for servo presses, as the industry is recognizing the benefits of this new technology. The evolution of high-strength steels and advanced materials and the necessities of producing parts that meet the shape and tolerance requirements in the automotive and other industries have forced end-users to shift toward servo presses, hence acting as major factors driving the digital servo press market.
  • Engineers are coming up with new designs in the market, which are inclined toward improving the forming capabilities of these presses and using high strength materials. In the recent few years, many small-sized servo presses have found their applications in high technology-based sectors, such as aerospace and defense. A digital servo press features the same elements as the high-end actuator, but it also includes active motor cooling, signal amplifiers, and a controller with dedicated software to provide true closed-loop control of both force and position. The presses can be driven directly by the servomotor or through a gearbox.
  • Increasing automotive and electronics fields' expenditures, extreme competition, introducing new products, increasing spending on the general industry, revamping old technology, and the increasing adoption of digital servo press in developing countries are expected to drive growth in the overall market. Some companies, like F Janome Industrial Equipment, Promess, Kistler, and Tox Pressotechnik, are well-known for the performance of their digital servo press and related services.

Digital Servo Press Market Trends

This section covers the major market trends shaping the Digital Servo Press Market according to our research experts:

Increase in Expenditure of Electronics Manufacturers

Asia-Pacific was the largest region in the electrical and electronics manufacturing market and accounted for 41% of the market, in 2018. North America was the second-largest region and accounted for 24% of the electrical and electronics manufacturing market. Africa was the smallest region and accounted for 2% of the market. The use of robotics and automation was one of the latest trends in the electrical and electronics manufacturing market. Many electronic equipment companies are using robotics and automation to improve plant efficiency and productivity. In the electrical and electronics sector, manufacturers of consumer electronics use high or low force presses based on the application. Mostly, they are used to install connectors with high volume compliant pins onto printed circuit boards. The use of servo press is expected to increase significantly in this industry.

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Focus of Automobile Manufacturers on Reducing Vehicle Weight Expected to Boost the Demand for Digital Servo Press:

The automotive industry is continuously working toward the improvement of fuel economy by manufacturing lightweight vehicles to reduce global warming. As a result, high tensile strength steel, which enables thin vehicle body panels, and lightweight aluminum alloys are being increasingly utilized. Thus, demand for low formability materials is expected to rise continuously, which, in turn, is expected to accelerate the sale of digital servo press for progressive forming applications. The increasing demand for lightweight vehicles is assisting the demand for more than 200KN digital servo press across the world. Globally, 2016 saw an estimated increase in light vehicle production of around 3.6%. While the automobile has its roots in central Europe, Asia has become the most attractive market in terms of passenger vehicle production.

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Digital Servo Press Industry Overview

The report covers the major players operating in the digital servo press market. The digital servo press market is competitive and fragmented, due to the presence of various established players taking part in different marketing strategies to increase their market share. Many vendors are offering customization in servo press based upon the requirement of customers.

Digital Servo Press Market Leaders

  1. Janome Industrial Equipment

  2. Promess

  3. Kistler

  4. Tox Pressotechnik

  5. THK

*Disclaimer: Major Players sorted in no particular order

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Digital Servo Press Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Force Range

      1. 5.1.1 Less than 100KN

      2. 5.1.2 100KN - 200KN

      3. 5.1.3 More than 200KN

    2. 5.2 Application

      1. 5.2.1 Automotive

      2. 5.2.2 Aerospace

      3. 5.2.3 Electronics

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

        4. 5.3.1.4 Rest of North America

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Russia

        5. 5.3.2.5 Spain

        6. 5.3.2.6 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 India

        2. 5.3.3.2 China

        3. 5.3.3.3 Japan

        4. 5.3.3.4 Rest of Asia-Pacific

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

      5. 5.3.5 Middle East

        1. 5.3.5.1 United Arab Emirates

        2. 5.3.5.2 Saudi Arabia

        3. 5.3.5.3 Rest of Middle East

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Vendor Market Share

    2. 6.2 Mergers and Acquisitions

    3. 6.3 Company Profiles

      1. 6.3.1 Janome Industrial Equipment

      2. 6.3.2 Promess

      3. 6.3.3 Kistler

      4. 6.3.4 Tox Pressotechnik

      5. 6.3.5 THK

      6. 6.3.6 Soress

      7. 6.3.7 Intelligent Actuator

      8. 6.3.8 FEC

      9. 6.3.9 Sintokogio

      10. 6.3.10 C and M Robotics

    4. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Digital Servo Press Industry Segmentation

This report aims to provide a detailed analysis of the digital servo press market. It focuses on the market dynamics, emerging trends in the segments and regional markets, and insights on various product and application types. Additionally, it analyzes the key players and the competitive landscape of the digital servo press market.

Force Range
Less than 100KN
100KN - 200KN
More than 200KN
Application
Automotive
Aerospace
Electronics
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
Germany
United Kingdom
France
Russia
Spain
Rest of Europe
Asia-Pacific
India
China
Japan
Rest of Asia-Pacific
South America
Brazil
Argentina
Middle East
United Arab Emirates
Saudi Arabia
Rest of Middle East
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Digital Servo Press Market Research FAQs

The Digital Servo Press Market size is expected to reach USD 1.07 billion in 2024 and grow at a CAGR of 6.74% to reach USD 1.48 billion by 2029.

In 2024, the Digital Servo Press Market size is expected to reach USD 1.07 billion.

Janome Industrial Equipment, Promess, Kistler, Tox Pressotechnik and THK are the major companies operating in the Digital Servo Press Market.

Asia is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the Asia accounts for the largest market share in Digital Servo Press Market.

In 2023, the Digital Servo Press Market size was estimated at USD 1 billion. The report covers the Digital Servo Press Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Digital Servo Press Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Digital Servo Press Industry Report

Statistics for the 2024 Digital Servo Press market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Digital Servo Press analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Digital Servo Press Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)