Merger between Erie Press Systems and Ajax-CECO was Agreed
In June 2019, by merging with Ajax-CECO, Erie Press Systems became one of North America's major suppliers of forging machinery. With this acquisition, the remarkable lineup of mechanical and hammer forging presses sold under the Ajax-CECO brand also includes stretch forming and hydraulic press machinery.
Technology Developments and an Increase in Automation will Drive the Industry
The powder compacting pressers market's expansion is significantly fueled by the rise in automation and technical improvements. As businesses look to boost production, cut labor costs, and improve efficiency, automation has grown significantly in the industrial sector. Automating these devices is a feature that applies to powder compacting pressers. Sensors and artificial intelligence (AI) technologies are being used to automate processes, including material handling, compaction, and ejection due to recent technological breakthroughs in the market for powder compacting pressers. Furthermore, the accuracy and precision of powder compacting pressers have increased due to the integration of automation and other cutting-edge manufacturing technologies like robotics and 3D printing. Also driving the use of automation and technical developments in the market for powder compacting pressers is the rise of Industry 4.0 and smart manufacturing.
Limits in Material Compatibility to Constrain Market Expansion
The materials and shapes may constrain the adaptability of powder compacting pressers in some applications that they are designed to operate with. These devices function by pressing powdered materials, such as metal or ceramic powders, into a predetermined shape using a die. The size and shape of the material is one of the key factors limiting its compatibility with powder compacting presses. The powder material must be able to flow and fill the die in a way that provides the desired form because these machines are made to produce parts with precise dimensions and shapes. The final product could contain voids or other flaws if the powder material does not have the right flow characteristics and does not fill the die uniformly.
Major Players Develop Acquisition Plans to Boost Brand Image
The leading businesses in the powder compacting pressers market plan acquisitions to improve their brand recognition globally. For instance, in September 2020, the metal powder compacting pressers capabilities of Sandvik AB for additive manufacturing in the medical field have been upgraded. This is because the business is certified to ISO 13485:2016 for medical purposes.
List of Key Players Profiled in the Report
- KomageGellnerMaschinenfabrik KG
- SMS group GmbH
- Osterwalder AG
- MaschinenfabrikLaufferGmbH & Co.KG
- Gasbarre Products, Inc.
- Ajax CECO Erie Press
- Beckwood Press
- Digital Press
- DORST Technologies GmbH & Co. KG
Further Report Findings
- The market in North America is expected to gain a huge portion of the global Powder compacting pressers market share in the coming years. The presence of important enterprises in the region and customers' increasing spending power are two factors that are predicted to drive the industry.
- With major government and commercial aerospace firms, the United States' high defense spending is expected to fuel the market's expansion over the projection period.
- In Europe, the growth in this region is primarily driven by the expansion of the tourism sector, including the construction of commercial facilities like hotels, restaurants, and retail malls.
|Market Size in 2022||USD 351.2 Million|
|Market Forecast in 2030||USD 431.7 Million|
|Compound Annual Growth Rate||3.50 %|
|Unit||Revenue (USD Million) and Volume (Kilo Tons)|
|Segmentation||By Product, By Application, By End Users and By Geography|
|By End Users||