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Download Free sampleThe global Hydraulic Press market was valued at 146.58 Million USD in 2021 and will grow with a CAGR of 3.97% from 2021 to 2027, based on Research newly published report.
The prime objective of Hydraulic Press Market is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, Hydraulic Press Market covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
Hydraulic press is a device using a hydraulic cylinder to generate a compressive force. It uses the hydraulic equivalent of a mechanical lever. These presses are ideal for assembly, straightening, fabrication, quality control, maintenance, product testing, bending, punching and shearing. Press frames are constructed of heavy-duty arc steel and can be easily modified to accommodate a wide range of pressing needs. For industry structure analysis, the hydraulic press industry is fragmented. A variety of manufacturers ranging from large multinational corporations to small privately owned companies compete in this industry. The top ten producers account for about 27.35% of the revenue market. Asia-Pacific occupied 38.96% of the revenue market in 2015. It is followed by Europe and North America, which respectively have around 36.84% and 15.04% of the global total industry. Other countries have a small amount of revenue. Geographically, Asia-Pacific was the largest consumption market in the world, which took about 43.26% of the global consumption volume in 2015. Europe shared 20.95% of global total. For price trend analysis, a key variable in the performance of hydraulic press producers is raw material costs, specifically the speed at which any increase can be passed through to customers. The price of the major raw material varies according to the steel price. This year, as the downturn of global steel industry, the Hydraulic Press price would keep decreasing for at least the following 5 years.
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