The research report contains an in-depth analysis and discussion of important industry trends, market dynamics, market size, and market share estimation. In addition, the report outlines the drivers, restraints, and opportunities of the global Servo Press market which is essential to implement strategies and to gain a sustainable growth during the forecasted period. Moreover, a detailed analysis of Covid-19 impact on the global Servo Press market is also published in the report.
According to a new report published by Allied Market Research, titled, “Servo Press market by type, capacity, and end user industry: global opportunity analysis and industry forecast, 2021–2030,” The global servo press market size was valued at 667.8 million in 2020, and is projected to reach $1,068.3 million by 2030, registering a CAGR of 4.8% from 2021 to 2030.
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Covid-19 impact:
Manufacturing activities of Servo Press halted due to implementation of stringent lockdown. To prevent the spread of coronavirus, governments across every nation made social distancing compulsory, due to which, market players faced shortage of labor force. Moreover, restrictions in import & export activities led to supply chain disruptions which further resulted to shortage of raw materials. This in turn, created challenges in carrying out manufacturing in full capacity. Also, most of the construction projects were either delayed or cancelled, especially in the initial stage of the pandemic.
In 2020, Asia-Pacific dominated the global servo press market, in terms of revenue, accounting for around 45.9% share of the global market, followed by North America and Europe. Moreover, the market in Asia-Pacific is growing with high CAGR, owing to urbanization and economic development in developing countries.
Key Segments Covered:
- BY TYPE
- Screw
- Crank
- BY CAPACITY
- Below 200T
- 201T-500T
- Above 500T
- BY END USER INDUSTRY
- AUTOMOTIVE
- Aerospace
- Electrical & electronics
- Others
Table of Content:
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered
2 Global Growth Trends
2.1 Servo Press Market Size
2.2 Servo Press Growth Trends by Regions
2.3 Industry Trends
3 Market Share by Key Players
3.1 Servo Press Market Size by Manufacturers
3.2 Servo Press Key Players Head office and Area Served
3.3 Key Players Servo Press Product/Solution/Service
3.4 Date of Enter into Servo Press Market
3.5 Mergers & Acquisitions, Expansion Plans
4 Breakdown Data by Product
4.1 Global Servo Press Sales by Product
4.2 Global Servo Press Revenue by Product
4.3 Servo Press Price by Product
5 Breakdown Data by End User
5.1 Overview
5.2 Global Servo Press Breakdown Data by End User
Competitive Landscape:
- AMINO NORTH AMERICA CORORATION
- HITACHI ZOSEN FUKUI CORPORATION
- ISGEC HEAVY ENGINEERING LTD.
- JAPAN AUTOMATIC MACHINE CO., LTD.
- KOMATSU LTD.
- NIDEC CORPORATION
- PROMESS INCORPORATED
- SCHULER AG
- SIMPAC CORPORATION
- TOX PRESSOTECHNIK CMBH & CO. KG
Top of Form
These companies have adopted numerous strategies such as new product launches, mergers & acquisitions, collaborations, joint ventures, partnerships, expansion, and others in order to gather immense growth prospects during the forecasted period.
About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.