A key trend that will propel market growth further is the increase in automation. The growing demand for superior-quality products has propelled companies to undertake automation in manufacturing. Investment in global process automation is growing at the rate of 6%, and is projected to reach $122 billion by 2020. This growth is focused on areas such as technology, hardware, software, services, and the communication protocol used for automation
Complete report on press brakes market spread across 86 pages, analyzing 4 major companies and provides 40 data exhibits is now available at http://www.sandlerresearch.org/global-press-brakes-market-2016-2020.html .
The analysts forecast global press brakes market to grow at a CAGR of 4.54% during the period 2016-2020. 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.
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.
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The report, Global Press Brakes Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. This 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.
This 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.
Global Press Brakes Market key players are 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.
Further, the report states that a slowing down in the Chinese economy will likely have an adverse impact on the press brakes market.
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