DUBLIN, May 16, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Press Brakes Market 2016-2020" report to their offering.
The global brakes market to grow at a CAGR of 4.54% during the period 2016-2020.
Covered in this report
Global Press Brakes Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. The report covers the present scenario and the growth prospects of the global press brakes market for 2016-2020. The market size has been calculated based on demand for press brakes from various end-users.
A key trend that will propel market growth further is the increase in automation. The growing demand for superior-quality products has propelled companies to undertake automation in manufacturing. Investment in global process automation is growing at the rate of 6%, and is projected to reach $122 billion by 2020. This growth is focused on areas such as technology, hardware, software, services, and the communication protocol used for automation.
According to the report, a key market driver is the rising demand for CNC press brakes. Design plays a crucial role in any product development process; precise design specifications aid in giving the desired form to a product. Press brakes are used to implement these specifications for convenient and easy development of complex products and shapes. Thus, effective use of machine tools helps industries develop superior-quality products with enhanced dimensional accuracy.
Further, the report states that a slowing down in the Chinese economy will likely have an adverse impact on the press brakes market.
- Mc Machinery Systems
Other prominent vendors
- Baileigh Industrial
- Eagle Bending Machines
- EHRT/International Technologies
- Lazer Safe
- Ketec Precision Tooling
- Hindustan Hydraulics
- Jayson Machines
- Salvagnini America
- Santec Group
For more information visit http://www.researchandmarkets.com/research/wd8trs/global_press
Research and Markets
Laura Wood, Senior Manager
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-press-brakes-market-2016-2020---slowdown-of-chinese-economy-is-a-market-challenge---research-and-markets-300269171.html
SOURCE Research and Markets