Press Fit Machines Market Forecast and CAGR
According to the latest study by Fact.MR, press fit machines market is expected to show substantial growth over the forecast period (2021-2031). Growing electrical & electronics market will give major boost to the press fit machine sales. Moreover, constant demand from automotive industry is projected to drive the press fit machine market at a CAGR of around ~5% over the next decade.
What is Driving Demand for Press Fit Machines?
With emerging trend of industry 4.0 automation is already becoming a reality with big companies trying to adapt efficient processes in order to cut cost and meet specific design requirements. For instance, insertion in PCB boards has become a hassle free task with help of machine pin which further attribute towards the growing demand of machines.
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Asia Pacific Press Fit Machines Market Outlook
Asia Pacific is the leading consumer electronics and semiconductor market both in terms of production and consumption. This is attributed to the presence of some prominent players such as Renesas, Toshiba and Sony along with well-established manufacturing centers all over the region.
Additionally, the region captures around ~60% of the electronics market share which has turned out to be a major factor contributing towards the growth in demand and sales of press fit machines.
Moreover, consumer electronics segment in the region over past half-decade has also experienced an impressive y-o-y growth attributed to huge spending on innovation coupled with growing disposable income leading to a surge in demand for PCB boards. These factors stated had a huge impact on the press machine industry which led to its substantial growth in last decade.
Who are the Key Manufacturers and Suppliers of Press Fit Machines?
Some of the key players in press fit machine industry are SYNEO, Autosplice, Eberhard, Ept GmbH, Fohrenbach, Lazpiur, Nextronics Engineering, Shenzhen Zhizhan Electronics, TE Connectivity, and UMG Technologies.
Over the years above mentioned players have mainly relied on organic growth strategies such as product launches and innovation to expand their customer base and market share.
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Key Segments
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By Frame Type
- H-Frame
- C-Frame
-
By Press Force
- 1 Ton
- 5 Ton
- 8 Ton
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By Press Type
- Manual
- Pneumatic
- Servo
-
By Board Type
- Backplane PCB Board
- Daughter PCB Board
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By Application
- Single pin insertion
- Mass termination
-
By End Use
- Electrical & Electronics
- Automotive
- Healthcare
- Consumer electronics
-
By Region
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Others
- Western Europe
- EU5
- Nordics
- Benelux
- Eastern Europe
- Asia Pacific
- Australia and New Zealand (ANZ)
- Greater China
- India
- ASEAN
- Rest of Asia Pacific
- Japan
- Middle East and Africa
- GCC Countries
- Other Middle East
- Northern Africa
- South Africa
- Other Africa
- North America
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