Home Advanced Materials Powder Compacting Pressers Market Size, Trends, Insights [2031]

Powder Compacting Pressers Market

Powder Compacting Pressers Market Size, Share & Trends Analysis Report By Product (Hydraulic, Electric, Hybrid, Mechanical, Servo-hydraulic), By Applications (Powder Metallurgy, Ceramic and Cement, Carbon and Carbide, Others), By End-User (Automotive, Machining, Energy, Electricity, Equipment, Medical, Military, Construction, Others) and By Region(North America, Europe, APAC, Middle East and Africa, LATAM) Forecasts, 2023-2031

Report Code: SRAM55828DR
Study Period 2019-2031 CAGR 5.2%
Historical Period 2019-2021 Forecast Period 2023-2031
Base Year 2022 Base Year Market Size USD 388.12 million
Forecast Year 2031 Forecast Year Market Size USD 612.5 million
Largest Market Asia Pacific Fastest Growing Market North America
The sample report only takes 30 secs to download, no need to wait longer.

Market Overview

The global powder compacting pressers market size was worth USD 388.12 million in 2022. It is estimated to reach USD 612.5 million by 2031, growing at a CAGR of 5.2% during the forecast period (2023–2031). The growing demand for IoT in machinery will likely propel the market for powder compacting presses during the assessment period.

Powder Compacting Pressers are equipment used in the Powder Metallurgy sector to compact metal powders under high pressure. The worldwide Powder Compacting Pressers market is predicted to expand because of rising demand from sectors such as automotive, aerospace, medical devices, and power generation. Powder Compacting Pressers compacted forms make various items such as gears, bearings, medical implants, and cutting tools. Powder Compacting Pressers are widely used in the Powder Metallurgy sector to create high-quality products with high accuracy and uniformity. Blending metal powders, pouring the mixture into a die or mold, and applying high pressure to generate a strong and exact shape are all part of the process. The forms created by this procedure are sintered to fuse the particles and give strength to the final product.

Powder Compacting Pressers are used in the automotive and aerospace sectors to manufacture high-strength, lightweight parts such as engine components, transmission gears, and airplane structural components. Powder Compacting Pressers are used in the medical device sector to manufacture orthopedic implants, dental equipment, and surgical tools. Powder Compacting Pressers are also used in power generation to manufacture turbine blades, fuel cells, and other components.

Market Dynamics

Global Powder Compacting Pressers Market Drivers

Growing Demand for IoT in Machinery

Manufacturers across end-use industries rely on machinery for continuous production. Manufacturing sectors continuously evolve to develop new methods, tools, and processes for producing various components. Players in the manufacturing sectors are encashing the benefits that come with the adoption of the Internet of Things (IoT). IoT offers improved efficiency by streamlining the manufacturing processes. IoT technologies, such as wireless communications and RFID, help keep a real-time status of machine functioning. The adoption of IoT helps reduce costs, unnecessary waste, energy savings, and customization.

Additionally, Manufacturers, especially automotive manufacturers, rely on sintering techniques in powder metallurgy to manufacture high-precision components. New developments in sintering techniques are likely to save manufacturers from various sintering problems, such as improper shape, low quality, and changes in the properties of the components. For instance, Horizon Technology, a metal parts manufacturer, has adopted a SMART system that gives real-time analysis of its machines. It also helps in continuous monitoring, defect detection, and prevention and reduces component size variations that lead to waste. These factors likely propel the demand for powder presses incorporated with IoT during the assessment period.

Global Powder Compacting Pressers Market Restraint

Growing Demand for Alternatives such as 3D Printing

Automotive and aerospace OEMs are focusing on increasing fuel efficiency by reducing the weight of components. Players in manufacturing are looking for alternative technologies, such as additive manufacturing, to meet consumers' new demands. This has negatively affected the demand for powder compacting presses recently. Additive manufacturing can manufacture components in less time at a lower cost. This will likely drive the demand for metal powder in 3D printing/additive manufacturing (AM) technology. The availability of low-cost 3D printers with easy availability of raw materials has enabled the manufacturing of low-cost parts for the aerospace sector.

Global Powder Compacting Pressers Market Opportunities

Rising Adoption in the End User Industries

The automobile sector is rapidly expanding and significantly contributes to the GDP of numerous economies worldwide. The rising awareness among governments and consumers about minimizing automotive exhaust pollution is expected to boost the demand for smart automobiles that meet emission standards. Automobile manufacturers across the globe are transitioning toward engines that meet emission norms, such as Bharat Stage VI (BS6). Furthermore, countries are enacting various emission standards in line with the Paris Treaty's objectives to mitigate CO2 levels, which aid in minimizing the detrimental effects of climate change on the environment.

The large volume of vehicles is projected to attract significant demand for metal powder parts manufactured by powder compacting pressers in the coming years, especially as the post-pandemic scenario will likely create market demand. Also, the aerospace and military sectors are the early adopters of powder compacting presses; thus, lightweight parts made from aluminum, titanium, and steel, among others, are observing growing demand from the aerospace sector. Products manufactured by powder compacting pressers help reduce the wastage of materials compared to those manufactured via the conventional method. This is projected to help reduce carbon footprint, thus positively affecting the environment. Thus, all these factors are likely to boost the global market.

Regional Analysis

Based on region, the global powder compacting pressers market is bifurcated into North America, Europe, Asia-Pacific, Central and South America, and the Middle East and Africa.

Asia-Pacific Dominates the Global Market

Asia-Pacific is the most significant global powder compacting pressers market shareholder and is estimated to exhibit a CAGR of 3.7% over the forecast period. Over the past few years, the improving economy of emerging markets, including China, India, Thailand, Indonesia, and Malaysia, has forced governments to frame supportive policies to promote investments in Special Economic Zones (SEZ) to attract new players. The promotion of private investments by various governments is projected to boost the growth of the manufacturing sector in the region, which, in turn, is expected to propel the demand for powder compacting pressers.

North America is anticipated to exhibit a CAGR of 3% over the forecast period. The powder compacting pressers market is expected to grow in North America due to its rising adoption across various end-use industries such as automotive, machining, energy, equipment, medical, and military. Factors such as major players in the region and rising consumer spending ability are expected to drive the market across the region. North America is one of the largest regions to use powder compacting pressers for component manufacturing. 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 increasing penetration of powder compacting pressers in making intricate components within aerospace and defense is likely to increase market growth.

In Europe, the automobile sector plays an important role in the region's prosperity. This sector contributes around 7% of the total GDP of the region. The region is also the largest vehicle manufacturer globally and has the largest investment from the private sector in research and development. The automobile sector requires components with complex designs and high dimensional accuracy; hence, it uses powder compacting presses for manufacturing these components. Expanding automobile sector in the region will likely to have a positive impact on the demand for powder compacting pressers. Factors driving the region's economic development include supportive efforts by the governments, including significant pay increases and continual job creation. Furthermore, expenditure on digital and transportation infrastructure is expected to boost economic growth in the region.

Most Central and South American countries with large current account deficits, including Brazil, Colombia, Argentina, and Venezuela, are reeling from the volatility in the regional market brought about by the BREXIT crisis. The fall in investor confidence is expected to prevent oil prices from recovering, and this is anticipated to affect the overall exports and fiscal revenue in oil-producing economies such as Ecuador, Colombia, and Venezuela. However, implementation of monetary policy normalization efforts by the governments of various countries in the region to align domestic inflation is expected to save the regional market from complete deterioration.

Simultaneously, ongoing structural reforms in Argentina and policy continuities in Peru are expected to positively impact construction and petrochemical industries in the region over the forecast period. Also, Factors such as growing population, rising urbanization, and expanding manufacturing industries are expected to positively influence the regional powder compacting pressers market growth.

In Middle East Africa, increasing construction activities coupled with new oil and gas projects are anticipated to boost the construction sector growth. Furthermore, increasing investments in aircraft manufacturing, textile machines, and fabricated metal goods are expected to boost the growth of manufacturing industry in the region. Large-scale investments in Saudi Arabia's main oilfields of Ghawar and Shaybah are projected to play a significant role in the growth of oil and gas sector, which, in turn, is anticipated to boost the demand for powder metallurgy, especially powder compacting pressers, for manufacturing machinery components.

Report Scope

Report Metric Details
Segmentations
By Product
  1. Hydraulic
  2. Electric
  3. Hybrid
  4. Mechanical
  5. Servo-hydraulic
By Applications
  1. Powder Metallurgy
  2. Ceramic and Cement
  3. Carbon and Carbide
  4. Others
By End-User
  1. Automotive
  2. Machining
  3. Energy
  4. Electricity
  5. Equipment
  6. Medical
  7. Military
  8. Construction
  9. Others
Company Profiles Komage Gellner Maschinenfabrik KG Gasbarre Products Inc Beckwood Press Digital Press Cincinnati Incorporated Vima Engineers Yangzhou Metalforming Machine Tool Co., Ltd Flowmeter Engineers Private Ltd. Santec Exim Pvt Ltd.
Geographies Covered
North America U.S. Canada
Europe U.K. Germany France Spain Italy Russia Nordic Benelux Rest of Europe
APAC China Korea Japan India Australia Singapore Taiwan South East Asia Rest of Asia-Pacific
Middle East and Africa UAE Turkey Saudi Arabia South Africa Egypt Nigeria Rest of MEA
LATAM Brazil Mexico Argentina Chile Colombia Rest of LATAM
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends
Need a Custom Report?

We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports

Segmental Analysis

The global powder compacting pressers market is bifurcated into product, application, and end-use.

Based on the product, the global powder compacting pressers market is bifurcated into hydraulic, electric, hybrid, mechanical, servo-hydraulic

The electric powder compacting segment dominates the global market and will likely exhibit a CAGR of 4.7% over the forecast period. Electric powder compacting presses have started replacing hydraulic presses due to technological advancement, thus offering better energy efficiency and accuracy. Electric pressers are developed to offer pressing ranges between 150 kN and 1600 kN, while some manufacturers have developed pressers with 2000 kN pressing force. Electric powder compacting pressers offer optimum precision at the maximum stroke rate. Electric pressers are environment-friendly as they do not require environmentally critical fluids such as hydraulic oil and produce minimal noise. They are developed in a compact design, which requires around 50% less space compared to hydraulic pressers.

Furthermore, electric pressers are primarily used to manufacture components of graphite, ceramic, powder metal, and magnets and to produce tungsten carbide tips and carbon brushes. Electric powder compacting pressers have been developed to minimize the disadvantages of hydraulic pressers, such as long start-up time, lower precision, and lower repeatability. This has allowed companies to use electric pressers to manufacture components with complex geometries and shape parts, including automotive components, home appliances, and gardening tools, thereby boosting demand over the forecast period.

Based on application, the global powder compacting pressers market is bifurcated into powder metallurgy, ceramic and cement, carbon and carbide, and others.

The powder metallurgy segment owns the highest market share and is predicted to exhibit a CAGR of 3% over the forecast period. Powder metallurgy has resulted in lowering machining costs and reduction in material usage. Powder metallurgy has also been beneficial in offering uniformity in the components, resulting in reduced operational costs. Powder metallurgy allows various alloy systems to cater to different applications, such as automobiles, cutting tools, gardening, and agriculture. As the demand for powder metallurgical products increases, the demand for powder compacting pressers will likely increase for their large-scale production. The use of powder compacting pressers is significant in producing powder metallurgy parts. Apart from automobiles, powder metallurgy is also key in manufacturing appliances and tools. Most small components, such as gears, pulleys, levers, cams, sleeves, and couplings, are manufactured using powder metallurgy. The demand for powder compacting presses is attributed to the increasing penetration of electric vehicles globally.

Based on end-users, the global powder compacting pressers market is divided into automotive, machining, energy, electricity, equipment, medical, military, construction, and others.

The medical segment is the most significant contributor to the market and is estimated to exhibit a CAGR of 4.4% over the forecast period. Increasing health awareness and consumer spending on health are the factors driving the medical and dental industry, fueling the growth of the powder compacting pressers market. Powder compacting presses are used in the dental industry to manufacture dental products such as partial dentures, crowns, and bridges. Increasing adoption of pressers to manufacture scalpel handles, clamps, forceps, hemostats, and prosthetic limbs is expected to drive the market. Porcelain-based ceramics are replacing dental ceramics made of zirconium oxide. Zirconium oxide is used as a raw material to make dental products such as dental posts, crowns, abutments, and orthodontic brackets due to its biocompatibility.

Moreover, powdered compaction abrasives are also used in dental products such as dentures, dental restorative materials, crowns, and bridges. As the pandemic disrupted the global economy, the demand for certain medical products, such as personal protective equipment and ventilators, strengthened the medical industry. The pandemic also accelerated technological advancements, which are expected to boost the development and launch of new products. Rising production of medical equipment and increasing investments by governments to strengthen health infrastructure are expected to drive the demand for powder compacting presses over the forecast period.

Market Size By Product

Recent Developments

  • March 2023- Ajax CECO Erie Press announced the expansion of its production plant for powder compacting pressers. This expansion will enable Ajax CECO to satisfy rising product demand.
  • January 2023- Osterwalder, a major maker of powder compacting pressers, was acquired by SMS Group. This purchase will help SMS Group improve its position in the powder metallurgy sector.

Top Key Players

Komage Gellner Maschinenfabrik KG Gasbarre Products Inc Beckwood Press Digital Press Cincinnati Incorporated Vima Engineers Yangzhou Metalforming Machine Tool Co., Ltd Flowmeter Engineers Private Ltd. Santec Exim Pvt Ltd. Others

Frequently Asked Questions (FAQs)

How big is the Powder Compacting Pressers market?
The global powder compacting pressers market is estimated to reach USD 612.5 million by 2031, growing at a CAGR of 5.2% during the forecast period (2023–2031).
Asia Pacific region has the highest growth in the global market.
Key verticals adopting the market include: Komage Gellner Maschinenfabrik KG, Gasbarre Products Inc, Beckwood Press, Digital Press, Cincinnati Incorporated, Vima Engineers, Yangzhou Metalforming Machine Tool Co., Ltd, Flowmeter Engineers Private Ltd., Santec Exim Pvt Ltd.
Growing Demand for IoT in Machinery is the key driver for the growth of the global market.
Rising Adoption in the End User Industries is one of the upcoming key trends in the global market.


We are featured on :