LONDON--(BUSINESS WIRE)--Market research firm Technavio has announced the release of their latest report on the global press brakes market. This new report will provide expert market insights for the forecast period 2018-2022.
The report will follow up on Technavio’s previous press brakes market research, offering an up-to-date assessment of the market in the context of new developments, recent trends, along with an analysis of present-day competitors.
The upgraded research report on the press brakes market is an integral part of Technavio’s tools and components portfolio. Technavio covers an extensive range of market research reports on the tools and components market, analyzing different regions and top industry segments. Some of the topics include machine tools, couplings, metal cutting tools, hydraulic equipment, and cable accessories.
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Press brakes: market analysis
In Technavio’s previous report on the global press brakes market, APAC showed the highest potential in 2015. Rapid growth in the automotive and industrial sectors in APAC will contribute towards the growth of this market. In counties such as India, China, Japan, Taiwan, South Korea, and Singapore, favorable business landscape and administrative setup, along with attractive foreign policies and the availability of low-cost and skilled labors are expected to drive the market.
In the previous report, a senior research analyst at Technavio stated, “The increasing demand for fabricated metal products is one of the factors driving the growth of the press brakes market globally. The automotive industry, transport machinery, stamped metal products, ammunition, small arms, cutlery and utensils, fasteners, building products, building machinery, and other metal-based hardware extensively use fabricated metals. Press brake is one of the crucial metal fabrication techniques used to form predetermined bends for various applications. Growth in the global fabricated metal products market will positively impact the global press brake market. Also, the increasing demand for fabricated metals from the construction and transportation machinery industries is expected to drive growth in the global fabricated metal products market, which, in turn, will have a direct impact on the demand for press brakes from various end users.”
Technavio’s new report on the global press brakes market will evaluate the key geographical regions and their behavior over the past four years, introducing new data and observations and providing new predictions.
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Detailed analysis at your fingertips
Some of the topics that will be revisited in the new report include:
- Market size and growth rate through 2022
- Top factors driving the market growth
- Market share analysis of the key players
- Market opportunities and factors impeding growth
The report on the global press brakes market for the period 2018-2022 is available to order now and will be delivered within one week of purchase.
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