Asia-Pacific Servo Press Occupied 60% Sales Market Share In 2018
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With servo motor drive technology, the standard electric motor, flywheel and clutch and brake are replaced with a high-torque, low-rpm servo motor. Proprietary press controls specifically designed for the servo press achieve a wide variety of stroke lengths and slide movement profiles while supplying full working energy even at low speeds.
In the coming years there is an increasing demand for Servo Press in the regions of US and Europe that is expected to drive the market for more advanced Servo Press. Increasing of automobiles expenditures, more-intense competition, launches in introducing new products, increasing of spending on heavy industry, retrofitting and renovation of old technology will drive growth in global markets.
Globally, the Servo Press industry market is low concentrated as the manufacturing technology of Servo Press is relatively immatures than some high-tech equipment. And some enterprises, like Aida, Schuler, Komatsu, etc. are well-known for the wonderful performance of their Servo Press and related services. At the same time, Asia-Pacific, occupied 60% sales market share in 2018, is remarkable in the global Servo Press industry because of the lowest cost of raw material and labor.
The sales of Servo Press are related to downstream industries and global economy. As there will always be some uncertain in the global economy in the following years, the growth rate of Servo Press industry may not keep that fast. But it is surely forecasted that the market of Servo Press is still promising.
The product average price declined in the past few years due to the technology development, the average price will keep the trend in the few future years due to increasing mature manufacturing technology and lowing cost of raw materials.
The impact on the cost and availability of raw materials and certain components is uncertain due to potential supply changes. The costs of raw materials have a significant impact on the level of expenses. If the prices of raw materials and related factors such as Home prices increase, and if new companies cannot pass those price increases on to customers, their results of operations and financial condition would suffer.
With emerging economies growing faster, a strategy has been adopted by most leading vendors in the Servo Presss market to approach these areas. GIR analysis of the Servo Presss market indicated that Asia-Pacific would account for the highest sales in 2023 with close to 54 percent of global revenue coming from this region, and Asia has the highest growth rate. Vendors recognize the importance of this region, particularly in China, and are working towards penetrating this market by strengthening their sales and distribution networks.
Although the market competition of Servo Presss is fierce globally, there are many enterprises can obtain considerable profit form the manufacturing and marketing of Servo Presss and that is the reason that we believe there will also be enterprises enter this market. But it is suggested that enterprises those have plans to enter this industry have careful analysis of this market and the advantages or disadvantages of themselves.