Powder Compacting Pressers Market Size, Share & Trends Analysis Report By Product (Mechanical, Electric), By Application (Powder Metallurgy, Ceramic & Cement), By End Use, By Region, And Segment Forecasts, 2020 - 2028

Report Overview

The global powder compacting pressers market size was valued at USD 305.7 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 3.7% from 2020 to 2028. Rising demand for the Internet of Things (IoT) in automobile production owing to its ability to provide improved efficiency by streamlining the manufacturing processes is expected to have a positive impact on the market growth. The rising unpredictability of global events, such as the COVID-19 pandemic, has made it necessary for industry participants to adopt technologies that help in reducing losses and streamlining the process for them to stay in the competition. This, in turn, is expected to drive the demand for powder compacting pressers incorporated with IoT over the forecast period.

The U.S. automotive market plummeted due to the outbreak of the COVID-19 pandemic, leading to a decline in the purchasing power of the population. The declining trend in automotive sales and production continued in 2020 amidst the COVID-19 pandemic. However, there has been a revival in demand in 2021 mainly due to financial packages announced by the U.S. government to jumpstart the economies, which has improved consumer demand.

Press and sinter, also commonly known as sintering, is a widely adopted technology in the automotive sector. Sintered gears are currently being used in transmissions instead of forged gears by a number of companies as gears manufactured by forging are one of the primary causes of car emissions, thereby augmenting the demand for powder compacting pressers over the forecast period.

Powder compacting pressers are in high demand in the aerospace and military sectors on account of their ability to manufacture lightweight aerospace parts and improve the overall efficiency of the final product, which is otherwise costly and time-consuming through the traditional manufacturing process. The equipment demand is projected to witness growth owing to their ability to manufacture parts in bulk in less time and fulfill on-demand orders with high efficiency.

Furthermore, there is an increased demand for second-hand powder compacting presses in third-world countries. Well-maintained pre-owned machines continue to be a cheaper alternative for businesses looking to expand their footprint in order to keep up with new and upcoming projects, tight deadlines, and diversification opportunities in economies of transition, especially the Asia Pacific region.

Product Insights

The mechanical powder compacting pressers led the market and accounted for 47.6% share of the global revenue in 2020 as they provide one of the fastest production speeds and are suitable for large-scale production. Most of the mechanical pressers have fixed stroke lengths and offer full press capacity at the BDC (bottom dead center) of the stroke.

Servo-hydraulic powder compacting pressers have been developed by very few compacting press manufacturers, which are continuing to gain prominence. Servo-hydraulic pressers employ a hybrid control, which is electromechanical and electro-hydraulic combined with electronic motion control fitted to ensure repeatability.

Electric powder compacting pressers are estimated to expand at the highest CAGR of 5.2% in terms of revenue from 2020 to 2028 as they are replacing hydraulic presses owing to their better energy efficiency and accuracy. Electric pressers are environment-friendly as they do not require environmentally critical fluids, such as hydraulic oil, and produce minimal noise.

Electric pressers are primarily used to manufacture components of graphite, ceramic, powder metal, and magnets, and produce tungsten carbide tips and carbon brushes. They are developed in a compact design, which requires around 50% less space compared to hydraulic pressers.

Application Insights

The powder metallurgy application segment led the market and accounted for a 58.5% share of the global revenue in 2020. Powder metallurgy has resulted in lowering machining costs and a reduction in material usage. Furthermore, powder metallurgy has been beneficial in offering uniformity in the components, resulting in reduced operational costs.

Carbide powders, produced using tungsten, boron, and silicon, have extensive industrial usage due to their high abrasiveness, high hardness, and corrosion resistance. Powder compacting pressers are used for compacting tungsten carbide powder in the production of seal rings and wear plates as these products do not require further finishing.

The ceramics and cement application segment is expected to expand at the highest CAGR of 4.4% from 2020 to 2028, in terms of revenue. A wide variety of ceramic powders such as alumina, boron nitride, and zirconia are being used as fillers in cement, electrical insulation, and thermal conduction use cases.

Ceramic cutting tools are increasingly used as compared to carbide and cement tools having relatively low heat resistance. The increased demand for ceramic parts required in medical technology, chemical, and process engineering is expected to augment the demand for powder compacting pressers over the forecast period.

End-use Insights

The automotive end-use segment led the market and accounted for a 43.0% share of the global revenue in 2020. Companies have started expanding their production facilities to meet the demand for automobiles, resulting in the high demand for PM-based components and positively impacting the automotive industry.

The military sector uses various components that are required to be manufactured with the highest quality and precision and are difficult to manufacture with conventional techniques, such as forging. Powder compacting pressers aid in the production of these complex components, which is expected to boost the market growth.

The energy and electricity segment is estimated to expand at a CAGR of 3.8%, in terms of revenue, from 2020 to 2028. Motor components such as carbon brushes, magnets, bearings, gears, and switches are developed using the press and sinter process. Increased demand for heating ventilation and air conditioning (HVAC) systems in residential, commercial, and industrial applications is expected to drive the demand for industrial motors.

The global construction industry is one of the key consumers of powder compacting pressers. Various types of powder metals such as tungsten carbide, chromium carbide, and cobalt are used extensively in the construction industry. These powders are primarily used for manufacturing blades, grippers, punches, knives, cutters, and pulverizers used for the construction, maintenance, and demolition of roads and buildings.

Regional Insights

North America led the market and accounted for a 36.2% share of the global revenue in 2020. Factors such as the presence of major players in the region and the rising consumers’ spending ability are expected to drive the market. The presence of major government and private aerospace companies, coupled with high defense expenditure in the U.S., is expected to propel the market growth over the forecast period.

The growth of the tourism sector is expected to drive the construction of commercial infrastructures, such as hotels, restaurants, and malls, thereby supporting the growth of the construction industry. Furthermore, the expansion of the residential construction sector in Italy owing to the rapid urbanization and population growth is expected to boost the demand for powder compacting pressers in the construction industry.

The automotive sector is projected to play a key role in the powder metallurgy industry of Japan, especially the powder compacting pressers market in the long run. Rising demand for electric vehicles, coupled with the new launches in electric vehicle space, is anticipated to drive the demand for powder compacting pressers.

The expansion of the construction sector in Brazil has been static over the past few years on account of constrained credit supply and rising economic slump. The demand for new residential projects in urban areas, particularly due to the transition of people to urban areas, is likely to create upswings for the construction industry, thereby aiding the growth of the market in the country.

Key Companies & Market Share Insights

The market for powder compacting pressers is highly competitive owing to the presence of both multinational and local manufacturers. The growing demand for complex shapes made from metallic, ceramic, and composites across industries globally has compelled manufacturers to form alliances with the end users of powder compacting pressers.

Manufacturers are engaged in collaborations to expand their geographical presence, increase production capacity, and launch new powder compacting pressers using advanced technology. In June 2019, Erie Press Systems entered into a merger with Ajax-CECO and became one of the largest forging equipment suppliers in North America. Some prominent players in the global powder compacting pressers market include:

• KomageGellnerMaschinenfabrik KG

• SMS group GmbH

• Osterwalder AG

• MaschinenfabrikLauffer GmbH & Co.KG

• Gasbarre Products, Inc.

• Ajax CECO Erie Press

• Beckwood Press

• Digital Press

• DORST Technologies GmbH & Co. KG

• Cincinnati Incorporated

• Nanjing East Precision Machinery CO., LTD.

• Dongguan Yihui Hydraulic Machinery Co., Ltd.

• Santec Exim Pvt. Ltd.

• Quintus Technologies AB

• SACMI IMOLA S.C.

Powder Compacting Pressers Market Report Scope

Segments Covered in the Report

This report forecasts revenue growth at the global, regional, and country levels, and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2017 to 2028. For the purpose of this study, Grand View Research has segmented the global powder compacting pressers market report on the basis of product, application, end use, and region:

• Product Outlook (Revenue, USD Million, 2017 - 2028)

  • Hydraulic

  • Electric

  • Hybrid

  • Mechanical

  • Servo-hydraulic

• Application Outlook (Revenue, USD Million, 2017 - 2028)

  • Powder Metallurgy

  • Ceramic & Cement

  • Carbon & Carbide

  • Others

• End-use Outlook (Revenue, USD Million, 2017 - 2028)

  • Automotive

  • Machining

  • Energy & Electricity

  • Equipment

  • Medical

  • Military

  • Construction

  • Others

• Regional Outlook (Revenue, USD Million, 2017 - 2028)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • Austria

    • Belgium

    • Denmark

    • France

    • Germany

    • Italy

    • Poland

    • Russia

    • Spain

    • Sweden

    • Netherlands

    • U.K.

  • Asia Pacific

    • China

    • India

    • Japan

    • South Korea

    • Australia

  • Central & South America

    • Argentina

    • Brazil

    • Colombia

    • Chile

    • Peru

  • Middle East & Africa

    • Saudi Arabia

    • South Africa