Global Digital Servo Press Market Size and Forecast 2023-2032|JANOME Corporation, Promess Incorporated, Kistler Instruments India Pvt. Ltd., Sintokogio Ltd., C&M Robotics Co. Ltd.,

The Digital Servo Press Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Digital Servo Press Global Market Report 2024, The digital servo press market size has grown rapidly in recent years. It will grow from $2.51 billion in 2023 to $2.82 billion in 2024 at a compound annual growth rate (CAGR) of 12.3%. The growth in the historic period can be attributed to growth in demand for precision and high-quality manufacturing, need for improved control and monitoring in manufacturing processes, increased in automation in manufacturing industries, expansion of electronics and semiconductor manufacturing, adoption of servo presses in automotive manufacturing.

The digital servo press market size is expected to see rapid growth in the next few years. It will grow to $4.39 billion in 2028 at a compound annual growth rate (CAGR) of 11.7%. The growth in the forecast period can be attributed to growth in aerospace and medical device manufacturing, market expansion in emerging economies and developing regions, demand for miniaturization and micro-assembly in electronics, customization and specialization of digital servo presses for unique applications, adoption of electric and hybrid vehicles driving demand for servo presses. Major trends in the forecast period include advanced motion control algorithms, force and position monitoring sensors, smart hmi (human-machine interface) systems, integration with vision systems, energy-efficient servo drive systems, collaborative robot (cobot) integration.

The increase in 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 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.

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The digital servo press market covered in this report is segmented –

1) By Motor Type: Continuous Rotation, Linear Rotation, Positional Rotation

2) By Force Range: Less than 100KN, 100KN-200KN, More than 200KN

3) By Application: Automotive, Electronics, Aerospace, Other Applications

Product innovations are shaping the digital servo press market. Major players in the digital servo press sector are focusing on product advancements to build more energy-efficien and high-speed digital servo press machines. For instance, in May 2021, AIDA Engineering Ltd., a Japan-based machine manufacturing company introduced a new 4000 kN 2-point servo press with an artificial intelligence learning feature that autonomously diagnoses the press’s condition. Its key characteristics include greater speed, which, when paired with AIDA’s factory automation, increases the press’s overall productivity.

The digital servo press market report table of contents includes:

1. Executive Summary

2. Digital Servo Press Market Characteristics

3. Digital Servo Press Market Trends And Strategies

4. Digital Servo Press Market – Macro Economic Scenario

5. Global Digital Servo Press Market Size and Growth

26. South America Digital Servo Press Market

27. Brazil Digital Servo Press Market

28. Middle East Digital Servo Press Market

29. Africa Digital Servo Press Market

30. Digital Servo Press Market Competitive Landscape And Company Profiles

Top Major Players: