Powder Compacting Pressers Market Outlook by 2031

Powder Compacting Pressers: Introduction

  • Powder compacting is a compression molding process that uses a press (usually hydraulic) to form complex shapes from metallic, ceramic, composite, PTFE, and other powder compounds.
  • Increase in demand for Internet of Things (IoT) in automobile production due to its ability to provide improved efficiency by streamlining the manufacturing processes is positively impacting the powder compacting pressers market.
  • Press and sinter, also commonly known as sintering, is a widely adopted technology in the automotive sector. Rise in demand for sintered gears, which are used in transmissions instead of forged gears, by a number of companies is augmenting the demand for powder compacting pressers.
  • Demand for powder compacting pressers is high in aerospace and military sectors due to 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. Demand for powder compacting pressers is expected to rise owing to their ability to manufacture parts in bulk in less time and meet on-demand orders with high efficiency.

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Powder Compacting Pressers Market: Segments

  • The powder compacting pressers market can be segmented based on product, application, end-use industry, and region
  • Based on product, the powder compacting pressers market can be divided into hydraulic, electric, hybrid, mechanical, and servo-hydraulic
  • Based on application, the powder compacting pressers market can be classified into powder metallurgy, ceramic & cement, carbon & carbide, and others
  • Based on end-use industry, the powder compacting pressers market can be segregated into automotive, machining, energy & electricity, equipment, construction, and others

COVID-19 Impact on Powder Compacting Pressers Market

  • The COVID-19 pandemic has impacted a large number of countries across the globe. Various measures introduced to combat the pandemic such as lockdowns, decrease in trade activities, and closure of various factories and workplaces in several countries can help save lives. However, these measures carry wide-ranging economic effects, thus inducing an economic contagion.
  • Shortage in supply of raw materials from various manufacturers of powder compacting pressers around the globe has resulted in a severe demand-supply gap. Manufacturers are further expected to be stranded on raw material orders owing to the logistics industry being significantly impacted due to the lockdown amid COVID-19.
  • The shutdown in various countries across the globe has prohibited import of various components, including additives and raw materials, required for improving performance, thereby hampering application industries

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Asia Pacific to Dominate Powder Compacting Pressers Market

  • In terms of geography, the global powder compacting pressers market can be split into North America, Latin America, Asia Pacific, Europe, and Middle East & Africa
  • North America is expected to lead the market during the forecast period. Presence of major players in the region and the rise in consumers’ spending ability are expected to drive the market during the forecast period. Presence of major government and private aerospace companies, coupled with high defense expenditure in the U.S., is also projected to propel the market in the region during the forecast period.
  • Growth of the tourism sector in Europe is likely to drive the construction of commercial infrastructure, such as hotels, restaurants, and malls, thereby augmenting the construction industry. Furthermore, 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.
  • China, India, and Japan dominate the powder compacting pressers market in Asia Pacific, led by the expansion of the construction industry these countries. Asia Pacific is the emerging region of the powder compacting pressers market. Increase in population, changing lifestyle, and improvement in disposable income are boosting the powder compacting pressers market in the region.
  • Demand for powder compacting pressers is expected to increase in Latin America and Middle East & Africa in the near future, led by growth in standard of living of the people in these regions

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Key Manufacturers Operating in Global Powder Compacting Pressers Market

Key manufacturers operating in the global powder compacting pressers market include:

  • SMS group GmbH
  • Osterwalder AG
  • 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.
  • Quintus Technologies AB
  • SACMI IMOLA S.C.

Global Powder Compacting Pressers Market: Research Scope

Global Powder Compacting Pressers Market, by Product

  • Hydraulic
  • Electric
  • Hybrid
  • Mechanical
  • Servo-hydraulic

Global Powder Compacting Pressers Market, by Application

  • Powder Metallurgy
  • Ceramic & Cement
  • Carbon & Carbide
  • Others

Global Powder Compacting Pressers Market, by End-use Industry

  • Automotive
  • Machining
  • Energy & Electricity
  • Equipment
  • Construction
  • Others

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