According to a new report, published by KBV research, The Global Press Brakes Market size is expected to reach $831.5 million by 2030, rising at a market growth of 5.7% CAGR during the forecast period.
The adoption of these machines has been steadily increasing across industries worldwide, driven by several factors highlighting their versatility, efficiency, and effectiveness in modern manufacturing processes. These machines offer precise control over bending parameters, allowing manufacturers to consistently achieve tight tolerances and accurate bending angles. This level of precision is critical in industries such as automotive, aerospace, and electronics, where components must meet strict quality standards and dimensional requirements.
The Electric segment is registering a CAGR of 5.5 % during the forecast period. The trend toward Industry 4.0 and smart manufacturing has increased demand for digitally integrated machinery. Electric press brakes are often more easily integrated into digital manufacturing ecosystems, allowing real-time monitoring, data analysis, and remote diagnostics. Also, electric press brakes offer superior precision and control in bending operations.
The 2 to 4 Axis segment led the Global Press Brakes Market by Axis in 2022; thereby, achieving a market value of $457 Million by 2030. Press brakes with 2 to 4 axes are often more compact and space efficient. This makes them ideal for manufacturers with limited floor space or those looking to optimize their production layout. In addition, press brakes with 2 to 4 axes are widely available from various manufacturers and are often built to industry-standard specifications.
The Hydraulic segment is growing at a CAGR of 5 % during the forecast period. Hydraulic press brakes offer higher productivity and efficiency compared to manual or mechanical press brakes, making them attractive for industries looking to improve their production processes. As the manufacturing sector grows, there is a greater need for machinery like hydraulic press brakes to bend and shape metal sheets for various applications.
Full Report: https://www.kbvresearch.com/press-brakes-market/
The Asia Pacific region dominated the Global Press Brakes Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $312 Million by 2030. The North America region is anticipated to grow at a CAGR of 5.1% during (2023 - 2030). Additionally, The Europe region would witness a CAGR of 5.3% during (2023 - 2030).
By Power Source
By Axis
By Product Type
Unique Offerings 
