Global Mechanical Presses market will reach 9990 million US$ by the end of 2025

Publisher: QYResearch
Published Date: 2019/9/16

A mechanical press is a device designed to apply very high force to form, shape, or cut materials, to compress solids, or to extract liquids. Mechanical presses range in size from very small units that are operated by hand, to large powered industrial units used in manufacturing and assembly line applications.

In the coming years there is an increasing demand for mechanical presses in the regions of China and Europe that is expected to drive the market for more advanced mechanical presses. Increasing of automotive fields expenditures, more-intense competition, launches in introducing new products, increasing of spending on general industry, retrofitting and renovation of old technology, increasing adoption of mechanical presses will drive growth in gloabl markets.

The global Mechanical Presses market was 7880 million US$ in 2017 and is expected to 9990 million US$ by the end of 2025, growing at a CAGR of 3.0% between 2018 and 2025.

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