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Global Benchtop Press Machine Market – Introduction

  • In industrial settings, benchtop press machines are commonly used to perform a variety of physical tasks. Hydraulic press machines and pneumatic press machines are the most commonly used benchtop press machines. These machines are extremely useful in several settings. Benchtop press machines are majorly utilized for forming, laminating, and molding applications.
  • The outbreak of COVID-19 has impacted the sales of benchtop press machines in the year 2020 as most countries are in the phase of lockdown and manufacturing facilities are also shut. Slowdown in end-use industries such as automotive, aerospace, and industrial manufacturing in various countries across the globe has weakened the sales of benchtop press machines in the recent past. However, federal governments of various countries have initiated special measures to help ameliorate the conditions that have occurred due to the pandemic and to boost production, marketing, and job opportunities in different sectors.

Increase in adoption of benchtop press machines in end-use industries such as automotive and aerospace projected to be a driver for the benchtop press machine market

  • Rapid increase in usage of benchtop press machines in various end-use industries such as aerospace and automotive in different application areas is anticipated to be a driving factor for the market. Benchtop press machines with high force capacity are majorly used in the automotive and aerospace sector. Manufacturing companies also offer customization and flexibility to end-users as per their requirements and usage.

Increase in usage of benchtop press machines in various application areas

  • Increase in usage of benchtop press machines in different application areas which include stamping, assembly, bending, forming, trimming, laminating, and molding, is projected to create immense opportunities for manufacturers and distributors of benchtop press machines during the forecasted timeline. Stamping and forging are some of the common application areas of benchtop press machines and these applications will continue to be lucrative segments of the market in the near future.

North America and Europe Considered to be the Largest Markets for Benchtop Press Machines

  • Geographically, the global benchtop press machine market can be divided into five regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America
  • North America and Europe accounted for major share of the global benchtop press machine market in 2020. The market in North America and Europe is anticipated to expand at a moderate rate during the forecast period due to rise in demand for benchtop press machines in various end-use industries for different applications such as molding, punching, stamping, and laminating. Demand for benchtop press machines is projected to surge in countries such as the U.S., Canada, Mexico, U.K., Germany, and France.  
  • The market in Asia Pacific is anticipated to expand at a significant growth rate during the forecast period due to rise in usage of automatic and semi-automatic benchtop press machines in China, India, Japan, and other Southeast Asian countries etc. These factors are projected to surge the demand for benchtop press machines in the Asia Pacific region.

Key Players Operating in the Benchtop Press Machine Market

Prominent benchtop press machine manufacturers are projected to face tough competition during the forecast period. Producers such as Janesville Tool & Manufacturing, Inc., Beckwood Press, Carver, Inc., MULTIPRESS Inc., and Magnum Press are investing heavily in research & development to launch a new range of innovative benchtop press machines into the market. Companies are expanding their product portfolio and catering to different end-use industries to increase the demand for benchtop press machines in emerging economies of the globe. Some of the key players operating in the global benchtop press machine market include:

  • AIM-Joraco
  • Beckwood Press
  • Carver, Inc.
  • Ets LONG SAS
  • Greenerd
  • HIDRALMAC Europe GmbH
  • Janesville Tool & Manufacturing, Inc.
  • Magnum Press
  • MULTIPRESS Inc.
  • Phoenix Hydraulic Presses, Inc.

Global Benchtop Press Machine Market – Research Scope

Global Benchtop Press Machine Market, by Product Type

  • Hydraulic Benchtop Press Machines
  • Pneumatic Benchtop Press Machines
  • Servo Electric Benchtop Press Machines
  • Others (Manual Benchtop Press Machines etc.)

Global Benchtop Press Machine Market, by Mode of Operation

  • Automatic
  • Semi-automatic
  • Manual

Global Benchtop Press Machine Market, by Force Capacity

  • Below 10 Ton
  • 10 – 30 Ton
  • Above 30 Ton

Global Benchtop Press Machine Market, by End-use

  • Aerospace
  • Automotive
  • Industrial Manufacturing
  • Metals
  • Electrical & Electronics
  • Military
  • Food & Beverages
  • Ceramic and Abrasives
  • Others (Pulp & Paper, and Energy etc.)

Global Benchtop Press Machine Market, by Distribution Channel

  • Direct Sales
  • Indirect Sales

Global Benchtop Press Machine Market, by Region

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • U.K.
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Rest of South America

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Benchtop Press Machine Market

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