Press Brakes Market to grow over $ 413 Mn in Industrial Machinery Industry | Technavio
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NEW YORK, June 30, 2021 /PRNewswire/
The press brakes market is poised to grow by USD 413.87 million during 2021-2025, decelerating at a CAGR of over 5% during the forecast period.
Technavio has announced its latest market research report titled Press Brakes Market by Product, Application, and Geography - Forecast and Analysis 2021-2025
Read the 120-page report with TOC on Press Brakes Market Analysis Report by Product (Hydraulic, Hybrid, Servo-electric, and Others), Application (Automotive industry, General machinery, Transportation equipment, Precision engineering, and Others), Geography (APAC, Europe, North America, South America, and MEA), and the Segment Forecasts, 2021-2025.
NEW YORK, June 30, 2021 /PRNewswire/
The press brakes market is poised to grow by USD 413.87 million during 2021-2025, decelerating at a CAGR of over 5% during the forecast period.
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Read the 120-page report with TOC on Press Brakes Market Analysis Report by Product (Hydraulic, Hybrid, Servo-electric, and Others), Application (Automotive industry, General machinery, Transportation equipment, Precision engineering, and Others), Geography (APAC, Europe, North America, South America, and MEA), and the Segment Forecasts, 2021-2025.
The market is driven by the increase in demand for CNC press brakes. In addition, the incorporation of press brakes with IoT is anticipated to boost the growth of the press brakes market.