Press Brakes Market Size - By Product Type, By Axis Configuration, By End Use, By Distribution Channel & Forecast, 2024 – 2032

Press Brakes Market Size

The global press brakes market size was valued at USD 557.3 million in 2023 and is estimated to grow at a CAGR of 5.6% during 2024 to 2032, due to the expanding manufacturing and metalworking sectors, particularly in automotive, aerospace, and construction industries. Such a requirement is fueling the growing use of press brakes, which are critical tools for the automated shaping and forming of complex metallic components.
 

The incorporation of automation and CNC technologies into press brakes has transformed the processes related to the operation and control of metal bending machines. These advancements improve quality and lower cycle times substantially. Automated and CNC-integrated press brakes allow plant operators to incorporate more detailed designs into the finished product while reducing waste and enhancing efficiency. This development places press brakes in a very desirable place as many industries are seeking high efficiency in production and low costs in operation.
 

Moreover, increasing infrastructural developments such as structural or electrical fabrication or even mechanical building in developing countries have further increased the need for this machinery. Sustained economic growth in North America, Europe, and the Asia-Pacific region is leading to considerable investments in the construction industry. Consequently, there is a rising demand for press brake machinery, which is being met through large investments by countries like China and India alongside other countries within this region.

Press Brakes Market Trends

• The market trend for press breaks is expected to experience an upward trajectory because of the trend to incorporate automation technologies. Also, there is an increase in the demand for automation and Computer Numerical Control (CNC) press brakes. In the automotive and aviation parts manufacturing industries, there is an increased expectation for Quality Assurance.
   
• Designers are always looking for economically feasible methods of mass production involving fast and accurate bending processes. With a focus on enhancing efficiency and accuracy, the manufacturers now incorporate automation technologies as they are capable of CNC programming and facilitate easy complex designs and faster modification procedures.
   
• The market for press brakes is expected to grow significantly owing to these technological changes in press brakes paired with reduced time and improved cost efficiency. Finally, there is an increase in environmental conservation in many regions, which has led to an increase in the use of electric press brakes, more so in regions that were previously deemed to be heavily regulated.
   

Press Brakes Market Analysis

• CNC and automation-integrated press brakes are quite expensive and still have some elements that are yet to be improved on. Owning these machines or even having them installed by a professional is not an economically feasible method for most businesses, especially smaller brackets. This cost pattern has been noted to be a major inhibitor of recent growth.
   
• The handling of these automation machines requires some level of management, which does translate to more expenses, thus limiting their use to more prominent businesses that can afford these maintenance costs. Nevertheless, the future for electric and hybrid means of restraint is set to expand because of the application of hardware emulation systems.
   
• Even for small and medium-sized enterprises, this holds some promise in standard wire harness applications. As with any tools integrated with CNC, advanced press brakes require skilled human operators capable of complex programming and aspects of the operation.
   
• However, the global market for press brakes shows significant potential, especially due to technological development, the emergence of new markets, and the embrace of sustainable manufacturing strategies.
   
• The Asia-Pacific, Latin American, and some African regions are new and are being subjected to industrialization and infrastructure growth at an unprecedented rate. This creates room for metal fabrication tools like press brake tools as the landscape for the manufacturing, construction, and transport sectors develops. There is room for press brake manufacturers to tap into these growth markets by providing products and services that suit their business needs and cash flow.
   

The market is divided into four segments, electric, hydraulic, mechanical, and pneumatic. The electric product category is the largest revenue-generating segment of the market, accounting for 225.5 million in 2023 and is predicted to develop at a CAGR of 5.8%.
 

• The electric segment has always led the press brakes market in the world, and this can be attributed to high energy efficiency, high precision, and a low level of maintenance. As opposed to the conventional way of using hydraulic press brakes, embracing electric press brakes entails a drastic decrease in operational costs as performance becomes constant.
   
• This is in tandem with the increasing global trend towards manufacturing in a more environmentally friendly way. Companies in the automotive and electronics sectors, that have an emphasis on environmental efficiency and cost reduction, are more inclined toward electric press brakes.
   

Based on distribution channel, the indirect segment dominates the market with a share of 61.2% in 2023 and is project to increase CAGR of 5.5% during 2024 to 2032.
 

• The indirect segment capitalizes on a well-established chain of suppliers, agents, and internet applications. Consequently, all global unprecedented will give them access to press brakes easily. This channel is particularly helpful for SMEs, as a wide variety of models, competitive elements of prices, and local support are provided.
   
• Moreover, using the indirect distribution approach, manufacturers can reach out to a larger market without setting up a substantial direct sales force. This factor is particularly important for other regions that are developing, where good distributor connections are essential for entering the market.
   

The U.S. press brakes market held approximately 75.4% revenue share in 2023 and is expected to register more than 5.5% CAGR through 2032.
 

• Due to the firm foundational industries in the U.S., the country has been able to take over the North America region in the usage of press brakes as they have been able to incorporate newer advanced technologies into their manufacturing processes.
   
• As modern systems in metallurgies advance further, the demand for press brakes grows larger, and these systems include heavy industries, including automotive and manufacturing tools as well.
   

Country level Analysis

North America: When focused on country level, USA occupies around 75.4% share of the total press brakes market in North America in 2023 and is expected to post a CAGR of 5.5% in the forecasted period. Integration of CNC & automation technologies is more advanced in the US and as such there is a high preference for electric and CNC incorporated press brakes. Further, government policies aimed at enhancing sustainable manufacturing along with the modernization of infrastructures continue to enhance the need for the market. Corporates are increasingly in need of and acquiring energy efficient and high-quality equipment as part of these incentives.
 

Europe: The press brakes market in Europe is estimated to grow at a CAGR of 5.7% in the forecast period, attributed to the manufacturing capacity the country has especially in automotive, engineering and machinery. The country is recognized for the precision and advanced technologies which in turn leads to greater need for efficient and accurate metal forming tools among which press brakes are a necessity. In addition, Germany’s engagement with the market’s movement towards the electric models to promote sustainability contributes to the country’s leadership and strength in the European press brakes sector.
 

Asia Pacific: The press brakes market in Asia Pacific is dominated by China which held the market share of about USD 30.7% in 2023 and is expected to rise at a rate of 6.3% during the forecast period, owing to its massive industrial and manufacturing sectors for the automotive, construction, and electronics industries. Being the highest exporter of manufactured goods, China competes in market for better and greater capacity metal processing machinery, thus increasing the demand for press brakes. The rapid urban growth in the country and massive infrastructure projects provide an additional boost to the need for metal fabrication machinery.
 

Press Brakes Market Companies

Major players operating in the press brakes industry are:

• Accurpress
• Amada
• Baykal
• Bystronic
• Cincinnati
• Durma
• ERMAKSAN
• Haco
• LVD
• MVD Inan
• Prima Power
• SafanDarley
• Salvagnini
• TRUMPF
• Yawei
   

The press brakes market is distributed with multiple regional players operating internationally. In aggregate, these companies account for 15% to 20% of the overall market share. Such fragmentation provides opportunities for regional firms to better serve their customers by being familiar with their demands, regulations, and pricing strategies, thus enabling them to fill out niche markets. Targeting small to medium enterprises, many of these companies offer low cost and flexible options.
 

Press Brakes Market Industry News

• In July 2024, AMADA CO., LTD. has revealed that all press brake units being utilized are equipped with the “AMNC 3i” control system and are compatible with the PNBend software module and PNBend software. This is stated to enhance the efficiency of the bending process. This development applies to The PNBend software upgrade has been integrated into PNBend software which allows users to bend and execute control more efficiently. The adjustment applies to press brakes that fall under the EG-4010 model, HFE3i, and HG series mark.
   
• In September 2023, AMADA CO, LTD which joined hands with several partners announced new products to its “HRB”- a series of next-generation press brakes that are large in nature and redesigned to increase production capacity as well as modifying heavy sheet metal and larger bending and deep bending components. Given these advancements, the HRB series has been made in a way to serve industries that demand high strength for bending applications specifically for industries such as heavy machinery, automotive engineers, and construction engineers etc.
   

The press brakes market research report includes in-depth coverage of the industry, with estimates & forecasts in terms of revenue (USD Million) and Volume (Thousand Units) from 2021 to 2032, for the following segments:

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Market, By Product Type

• Hydraulic
• Mechanical
• Pneumatic
• Electric

Market, By Axis Configuration

• 2 to 4 Axis
• 4 to 6 Axis
• 6 to 8 Axis

Market, By End Use

• Automotive
• Aerospace & Defense
• Construction
• Electrical & Electronics
• General Machinery & Equipment
• Others

Market, By Distribution Channel

• Direct
• Indirect

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia 
• Latin America
  • Brazil
  • Mexico
  • Argentina
• MEA
  • Saudi Arabia
  • UAE
  • South Africa