Stratview Research published a new report on the Powder Compacting Pressers Market that offers detailed segmentation of the market by Product Type (Hydraulic, Electric, Hybrid, Mechanical, and Servo-hydraulic), by Application Type (Powder Metallurgy, Ceramic Cement, Carbon Carbide, and Others), by End-Use Type (Automotive, Machining, Energy Electricity, Equipment, Medical, Military, Construction, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
According to the report, Powder Compacting Pressers market is likely to witness a CAGR of 3.5% during the forecast period. Powder compacting is a compression molding process that forms complex shapes from ceramic, composite, metallic, PTFE, and other powder compounds employing a press (which is usually a hydraulic one). The powder compacting pressers market is driven by a surge in demand for Internet of Things (IoT) in automobile production, owing to its ability to provide improved efficiency by optimizing the manufacturing processes.
The present report can be of high utility for the key decision-makers and growth strategists in terms of precise market insights, forthcoming growth opportunities, and key success factors. Especially, the report also analyses and mentions the possible impact of COVID-19 on the market dynamics. This will not only help in mitigating the uncertain business environment, but also help in rearranging the strategies and future- decisions in a fruitful manner.
Covid Impact –
The Corona Virus Pandemic has caused significant losses in nearly every industry all over the world. The pandemic has had a rapid impact on the global economy, affecting the market's manufacturing, demand, and distribution network. The Powder Compacting Pressers Market has also been influenced by the unprecedented COVID-19 outbreak. The market analysts have thoroughly examined the market and gathered insightful data related to covid impact such as before and after market size, regional impact, financial losses, organic and inorganic growth factors, etc.
Leading players in the market -
To build a successful business, it is vital to understanding the market - both the customers and the competitors. The report published consists of a list of key players active in the Powder Compacting Pressers Market, is given below -
- Osterwalder AG
- MaschinenfabrikLauffer GmbH Co.KG
- Gasbarre Products, Inc.
- Ajax CECO Erie Press
- Beckwood Press
- DORST Technologies GmbH Co. KG
- Cincinnati Incorporated
- Nanjing East Precision Machinery CO., LTD.
- Santec Exim Pvt. Ltd
- SACMI IMOLA S.C.
Report Findings
Based on the product type, the market is segmented as hydraulic, electric, hybrid, mechanical, and servo-hydraulic. Mechanical powder compacting pressers dominated the market and accounted for around 45% share of the global revenue in 2021. The segment is estimated to maintain its incontestable lead during the forecast period as mechanical powder compacting pressers are suitable for large-scale production, providing one of the fastest production speeds.
Based on the application type, the market is segmented as powder metallurgy, ceramic cement, carbon carbide, and others. The powder metallurgy application segment ruled the market in 2021, and is expected to continue its leading position over the forecast period. Powder metallurgy has reduced machining costs and the amount of material used. Furthermore, powder metallurgy has proved effective in providing uniformity in the components, resulting in lower operational costs.
In terms of regions, North America dominated the market in 2021, accounting for 37.8% share of the global revenue. The region is expected to maintain its irrefutable lead during the forecast period as well. The growth of the regional market is likely to be driven by factors such as the presence of key competitors in the region and increasing consumers' spending ability. The presence of major government and private aerospace companies, coupled with high defense spending in the U.S., is expected to bolster the demand for powder compacting pressers over the forecast period in the North American region.
FAQs in the report -
The research report aims to help the users learn about their market size and potential to connect with customers. This report answers to the following questions:
- How big is the potential Powder Compacting Pressers Market?
- Will this market grow or shrink in the future?
- Who are our top competitors or key players?
- What market share do the competitors own?
- How Covid19 has affected the market?
- How long will it take to recover from the Covid-impact?
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