The North America Servo Press Market would witness market growth of 4.3% CAGR during the forecast period (2021-2027).
Companies are developing their servo presses manufacturing and production by expanding their operations into new nations. For example, Hitachi Zosen Fukui launched its second machine facility in April 2019. It's a key component of the main product, a super-large press machine which can process up to 80 tonnes, an increase of one size above the previous model, with the objective of enhancing productivity by 20%.
Servo motors regulate the output shaft's speed and location. It also incorporates a closed-loop feedback mechanism that manages the cycle rate hundreds of times more accurately and efficiently, making it perfect for heavy moulding loads. Sheet moulding processes employ servo presses because of their flexibility, controllability, and ease of usage. The servo press's main benefits are its extended mould life and low energy consumption, which results in a considerable savings in manufacturing costs.
Servo motors are being used in a variety of production processes in the United States, which require high accuracy and repeatability. Servo motors, unlike induction Motors or hydraulic pumps, are turned on and off during operation to save energy (saving up to 65 percent ). Due to their brushless design, the servo motors have found applications in a variety of harsh and demanding industries, including food and beverage, defence, and subsea and oil & gas, and subsea and oil and gas.
The US market dominated the North America Servo Press Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $157.1 million by 2027. The Canada market is anticipated to grow a CAGR of 6.7% during (2021 - 2027). Additionally, The Mexico market would showcase a CAGR of 5.8% during (2021 - 2027).
Based on Type, the market is segmented into Screw, and Crank. Based on Industry, the market is segmented into Automotive, Aerospace, Electrical & Electronics and Others. Based on Capacity, the market is segmented into Above 500 T, 201 -500 T and Below 200 T. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Servo Press Market is Estimated to reach $865.6 Million by 2027, at a CAGR of 4.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Komatsu Ltd., Nidec Corporation, SIMPAC, Inc., Isgec Heavy Engineering Ltd., Hitachi Zosen Corporation, ANDRITZ Group (Schuler Group GmbH), TOX PRESSOTECHNIK GmbH & Co.KG, Japan Automatic Machine Co., Ltd., and Promess, Incorporated.
Scope of the Study
Market Segments Covered in the Report:
By Type
By Industry
- Automotive
- Aerospace
- Electrical & Electronics and
- Others
By Capacity
- Above 500 T
- 201 -500 T and
- Below 200 T
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Komatsu Ltd.
- Nidec Corporation
- SIMPAC, Inc.
- Isgec Heavy Engineering Ltd.
- Hitachi Zosen Corporation
- ANDRITZ Group (Schuler Group GmbH)
- TOX PRESSOTECHNIK GmbH & Co.KG
- Japan Automatic Machine Co., Ltd.
- Promess, Incorporated
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Servo Press Market, by Type
1.4.2 North America Servo Press Market, by Industry
1.4.3 North America Servo Press Market, by Capacity
1.4.4 North America Servo Press Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. North America Servo Press Market by Type
3.1 North America Screw Market by Country
3.2 North America Crank Market by Country
Chapter 4. North America Servo Press Market by Industry
4.1 North America Automotive Market by Country
4.2 North America Aerospace Market by Country
4.3 North America Electrical & Electronics Market by Country
4.4 North America Others Market by Country
Chapter 5. North America Servo Press Market by Capacity
5.1 North America Above 500 T Market by Country
5.2 North America 201 -500 T Market by Country
5.3 North America Below 200 T Market by Country
Chapter 6. North America Servo Press Market by Country
6.1 US Servo Press Market
6.1.1 US Servo Press Market by Type
6.1.2 US Servo Press Market by Industry
6.1.3 US Servo Press Market by Capacity
6.2 Canada Servo Press Market
6.2.1 Canada Servo Press Market by Type
6.2.2 Canada Servo Press Market by Industry
6.2.3 Canada Servo Press Market by Capacity
6.3 Mexico Servo Press Market
6.3.1 Mexico Servo Press Market by Type
6.3.2 Mexico Servo Press Market by Industry
6.3.3 Mexico Servo Press Market by Capacity
6.4 Rest of North America Servo Press Market
6.4.1 Rest of North America Servo Press Market by Type
6.4.2 Rest of North America Servo Press Market by Industry
6.4.3 Rest of North America Servo Press Market by Capacity
Chapter 7. Company Profiles
7.1 Komatsu Ltd.
7.1.1 Company Overview
7.1.1 Financial Analysis
7.1.2 Segmental Analysis
7.1.3 Research & Development Expense
7.2 Nidec Corporation
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expense
7.2.5 Recent Strategies and Developments:
7.2.5.1 Acquisitions and Mergers:
7.2.6 SWOT Analysis
7.3 SIMPAC, Inc.
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Recent Strategies and Developments:
7.3.3.1 Product Launches and Product Expansions:
7.4 Isgec Heavy Engineering Ltd.
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.5 Hitachi Zosen Corporation
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental Analysis
7.5.4 Research & Development Expense
7.6 ANDRITZ Group (Schuler Group GmbH)
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental & Regional Analysis
7.6.4 Segmental Analysis
7.6.5 Research & Development Expense
7.7 TOX PRESSOTECHNIK GmbH & Co.KG
7.7.1 Company Overview
7.7.2 Recent Strategies and Developments:
7.7.2.1 Product Launches and Product Expansions:
7.8 Japan Automatic Machine Co., Ltd.
7.8.1 Company Overview
7.9 Promess, Incorporated
7.9.1 Company Overview
7.9.2 Recent Strategies and Developments:
7.9.2.1 Product Launches and Product Expansions:
TABLE 1 North America Servo Press Market, 2017 - 2020, USD Thousands
TABLE 2 North America Servo Press Market, 2021 - 2027, USD Thousands
TABLE 3 North America Servo Press Market by Type, 2017 - 2020, USD Thousands
TABLE 4 North America Servo Press Market by Type, 2021 - 2027, USD Thousands
TABLE 5 North America Screw Market by Country, 2017 - 2020, USD Thousands
TABLE 6 North America Screw Market by Country, 2021 - 2027, USD Thousands
TABLE 7 North America Crank Market by Country, 2017 - 2020, USD Thousands
TABLE 8 North America Crank Market by Country, 2021 - 2027, USD Thousands
TABLE 9 North America Servo Press Market by Industry, 2017 - 2020, USD Thousands
TABLE 10 North America Servo Press Market by Industry, 2021 - 2027, USD Thousands
TABLE 11 North America Automotive Market by Country, 2017 - 2020, USD Thousands
TABLE 12 North America Automotive Market by Country, 2021 - 2027, USD Thousands
TABLE 13 North America Aerospace Market by Country, 2017 - 2020, USD Thousands
TABLE 14 North America Aerospace Market by Country, 2021 - 2027, USD Thousands
TABLE 15 North America Electrical & Electronics Market by Country, 2017 - 2020, USD Thousands
TABLE 16 North America Electrical & Electronics Market by Country, 2021 - 2027, USD Thousands
TABLE 17 North America Others Market by Country, 2017 - 2020, USD Thousands
TABLE 18 North America Others Market by Country, 2021 - 2027, USD Thousands
TABLE 19 North America Servo Press Market by Capacity, 2017 - 2020, USD Thousands
TABLE 20 North America Servo Press Market by Capacity, 2021 - 2027, USD Thousands
TABLE 21 North America Above 500 T Market by Country, 2017 - 2020, USD Thousands
TABLE 22 North America Above 500 T Market by Country, 2021 - 2027, USD Thousands
TABLE 23 North America 201 -500 T Market by Country, 2017 - 2020, USD Thousands
TABLE 24 North America 201 -500 T Market by Country, 2021 - 2027, USD Thousands
TABLE 25 North America Below 200 T Market by Country, 2017 - 2020, USD Thousands
TABLE 26 North America Below 200 T Market by Country, 2021 - 2027, USD Thousands
TABLE 27 North America Servo Press Market by Country, 2017 - 2020, USD Thousands
TABLE 28 North America Servo Press Market by Country, 2021 - 2027, USD Thousands
TABLE 29 US Servo Press Market, 2017 - 2020, USD Thousands
TABLE 30 US Servo Press Market, 2021 - 2027, USD Thousands
TABLE 31 US Servo Press Market by Type, 2017 - 2020, USD Thousands
TABLE 32 US Servo Press Market by Type, 2021 - 2027, USD Thousands
TABLE 33 US Servo Press Market by Industry, 2017 - 2020, USD Thousands
TABLE 34 US Servo Press Market by Industry, 2021 - 2027, USD Thousands
TABLE 35 US Servo Press Market by Capacity, 2017 - 2020, USD Thousands
TABLE 36 US Servo Press Market by Capacity, 2021 - 2027, USD Thousands
TABLE 37 Canada Servo Press Market, 2017 - 2020, USD Thousands
TABLE 38 Canada Servo Press Market, 2021 - 2027, USD Thousands
TABLE 39 Canada Servo Press Market by Type, 2017 - 2020, USD Thousands
TABLE 40 Canada Servo Press Market by Type, 2021 - 2027, USD Thousands
TABLE 41 Canada Servo Press Market by Industry, 2017 - 2020, USD Thousands
TABLE 42 Canada Servo Press Market by Industry, 2021 - 2027, USD Thousands
TABLE 43 Canada Servo Press Market by Capacity, 2017 - 2020, USD Thousands
TABLE 44 Canada Servo Press Market by Capacity, 2021 - 2027, USD Thousands
TABLE 45 Mexico Servo Press Market, 2017 - 2020, USD Thousands
TABLE 46 Mexico Servo Press Market, 2021 - 2027, USD Thousands
TABLE 47 Mexico Servo Press Market by Type, 2017 - 2020, USD Thousands
TABLE 48 Mexico Servo Press Market by Type, 2021 - 2027, USD Thousands
TABLE 49 Mexico Servo Press Market by Industry, 2017 - 2020, USD Thousands
TABLE 50 Mexico Servo Press Market by Industry, 2021 - 2027, USD Thousands
TABLE 51 Mexico Servo Press Market by Capacity, 2017 - 2020, USD Thousands
TABLE 52 Mexico Servo Press Market by Capacity, 2021 - 2027, USD Thousands
TABLE 53 Rest of North America Servo Press Market, 2017 - 2020, USD Thousands
TABLE 54 Rest of North America Servo Press Market, 2021 - 2027, USD Thousands
TABLE 55 Rest of North America Servo Press Market by Type, 2017 - 2020, USD Thousands
TABLE 56 Rest of North America Servo Press Market by Type, 2021 - 2027, USD Thousands
TABLE 57 Rest of North America Servo Press Market by Industry, 2017 - 2020, USD Thousands
TABLE 58 Rest of North America Servo Press Market by Industry, 2021 - 2027, USD Thousands
TABLE 59 Rest of North America Servo Press Market by Capacity, 2017 - 2020, USD Thousands
TABLE 60 Rest of North America Servo Press Market by Capacity, 2021 - 2027, USD Thousands
TABLE 61 Key Information – Komatsu Ltd.
TABLE 62 Key Information – Nidec Corporation
TABLE 63 Key Information – SIMPAC, Inc.
TABLE 64 Key Information – Isgec Heavy Engineering Ltd.
TABLE 65 Key Information – Hitachi Zosen Corporation
TABLE 66 Key Information – ANDRITZ Group
TABLE 67 Key Information – TOX PRESSOTECHNIK GmbH & Co.KG
TABLE 68 Key Information – Japan Automatic Machine Co., Ltd.
TABLE 69 Key Information – Promess, Incorporated
List of Figures
FIG 1 Methodology for the research
FIG 2 SWOT Analysis: Nidec Corporation