The global servo press market size was US$ 701.19 million in 2021. The global servo press market size is forecast to reach US$ 1087.8 million by 2030, growing at a compound annual growth rate (CAGR) of 5% during the forecast period from 2022 to 2030.

A servo press is a machine with a servo motor for its drive. A servo motor controls both the speed and position of the output shaft. They have a closed-loop feedback system that accurately and efficiently controls hundreds and cycle rates, which makes it ideal for high forming loads. Sheet forming operations use servo presses because they are versatile, controllable, and easy to use. The maximum tool lifetime and, at the same time, minimum power consumption are the main features of servo presses, which ultimately lead to a significant reduction in producing costs. Due to the high-end actuator, a servo press includes equivalent components. In addition, it also includes a signal amplifier, controller, active motor cooling, and precise software for closed-loop control of both position and force.

Factors Influencing Market Growth

Globally, rising expenditure in the automobile and electronics industries, the introduction of new products, and the growing adoption of servo press machines are major factors that are forecast to drive the market.
A surge in demand for servo press machines in the aerospace industry, and the increasing use of digital servo press machines in aircraft manufacturing, will drive the growth of the global servo press market.
Lack of skilled technicians and lack of standards and protocols may slow down the global market's growth.
Technology advances, the growing number of research and development activities related to servo press machines, the thriving automobile sector, and the large-scale product adoption in the aviation sector provide favorable growth opportunities for the global market.
Impact Analysis of COVID-19

A lockdown caused by COVID-19 has halted the production of many servo press products. With the COVID-19 vaccine on the market, it is forecast to see a drop in the number of COVID-19 cases soon. Due to this, servo press companies have reopened at full capacity. The servo press market will recover by the start of 2022. After COVID-19 infection cases begin to decline, equipment and machinery manufacturers must focus on protecting their staff, operations, and supply networks to respond to urgent emergencies and establish new working methods.

Regional Insights

Asia-Pacific has the leading position in 2021 and is forecast to grow significantly during the forecast period. With the growing population of the Asia-Pacific region and the steady growth of economies such as India, China, Mexico, and Bangladesh, urbanization has occurred at a rapid rate, which is likely to boost the development of the industrial sector, which, in turn, will drive demand for servo presses. The Asia-Pacific region is emerging as a major hub for the automotive industry due to rapid growth in China and India.

Leading Competitors

The leading prominent companies profiled in the global servo press market are:

Amino Corporation
Hitachi Zosen Fukui Corporation
ISGEC Heavy Engineering Limited
Japan Automatic Machine Co., Limited
Komatsu Limited
Nidec-Shimpo Corporation
Promess Incorporated
Schuler AG
SIMPAC Corporation
Tox Pressotechnik GmbH & Co. KG
Other Prominent Players
Scope of the Report

The global servo press market segmentation focuses on Type, Capacity, End-User, and Region.

Segmentation based on Type

Crank
Screw
Segmentation based on Capacity

Below 200 T
201 -500 T
Above 500 T
Segmentation based on End-User

Automotive
Aerospace
Electrical and Electronics
Others
Segmentation based on Region

North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America