Electromechanical Joining Servo Press Market Size and Forecast 2021 - 2031, Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Stroke, Application, and Geography

Description

List of Tables

The electromechanical joining servo press market size was valued at US$ 138.02 million in 2023 and is expected to reach US$ 216.36 million by 2031; it is estimated to record a CAGR of 5.8% from 2023 to 2031.

The electromechanical joining servo press market is segmented into five major regions-North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America. Asia Pacific dominated the market in 2023, followed by Europe and North America, respectively. The electromechanical joining servo press market in Asia Pacific is segmented into the Australia, China, Japan, South Korea, India, and Rest of Asia Pacific. In addition, the region consists of various developing economies such as India, China, Thailand, Vietnam, Singapore, Taiwan, and New Zealand which are fueling the demand for electromechanical joining servo presses. These countries are experiencing a gradual increase in the adoption of advanced manufacturing technologies. Furthermore, the availability of low labor costs, low taxes and tariffs, and a strong business ecosystem are attracting international players in the manufacturing industry to expand their production facilities in this region. The presence of industries such as automotive, electrical & electronics, and medical devices manufacturing is fueling the demand for electromechanical joining servo presses in joining operations in Asia Pacific. Moreover, the electromechanical joining servo presses offer various benefits such as enhanced product quality and plant productivity, reduced operating costs, high energy efficiency, carbon emission reduction, etc.

Countries such as China, India, Australia, South Korea, and South Korea, on average, witnessed a 10% increase in new vehicle registrations from 2022 to 2023, as per the insights from OICA. This is anticipated to propel the electromechanical joining servo press market growth from 2023 to 2031. Asia Pacific is a hub for electronics manufacturing and a growing pool of dealers. Electronics manufacturing is a key part of the manufacturing export sector for many economies in Asia Pacific, including South Korea, mainland China, Japan, Malaysia, Singapore, the Philippines, Taiwan, Thailand, and Vietnam. In addition, the growing demand for medical devices in the region, owing to the increasing consumer spending and awareness toward health, is anticipated to fuel the electromechanical joining servo press market from 2023 to 2031.

In China, Key contributors to the growth of the electromechanical joining servo press market are medical device manufacturing, electronic equipment production, and automotive component manufacturing. The medical device industry is a growing market in China owing to the availability of suitable manufacturing infrastructure and research and development efforts toward the development of medical devices. China has dominated electronics manufacturing for decades. Despite recent trade with the US and COVID-19 restrictions, China remains a major electronics manufacturing base. It exports nearly half of the world's cell phones and laptops and produces many of the subcomponents used in manufacturing. Such a rise in the dominance of the country in medical devices and electronics equipment manufacturing is expected to propel the electromechanical joining servo press market during the forecast period.

Based on stroke, the global electromechanical joining servo press market is bifurcated into Upto 100 mm, 101-200 mm, 201-400 mm, 401-600 mm and Above 601 mm. Each segment caters to specific application needs, ranging from compact presses for precision tasks in electronics to heavy-duty models for large-scale manufacturing in the aerospace and automotive industries. The varying stroke lengths differentiate these segments, providing unique capabilities such as faster cycle times, increased force, and versatility in handling diverse workpieces. The 101-200 mm segment held the largest share in the electromechanical joining servo press market in 2023. This is owing to the rise in demand for electromechanical joining servo presses with 101-200 mm from aerospace, automotive, and other industries. In addition, the 101-200 mm subsegment offers electromechanical joining servo presses with stroke lengths ranging from 101 to 200 millimeters. These presses are often utilized for medium-sized components in automotive and consumer electronics industries.

RARUK Automation Ltd.; Kistler; Janome; IAI Industrieroboter GmbH; Coretec; Dai-Ichi Dentsu Ltd.; HIKI TEC., JSC.; SCHMIDT Technology GmbH; TOX PRESSOTECHNIK GmbH & Co. KG; and PROMESS INC. are among the key electromechanical joining servo press market players that are profiled in this market study.

The overall electromechanical joining servo press market size has been derived using both primary and secondary sources. Exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the electromechanical joining servo press market size. The process also helps obtain an overview and forecast of the market with respect to all the market segments. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain analytical insights. This process includes industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the electromechanical joining servo press market.

Product Code: TIPRE00039388

1. Introduction

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights
2.2 Market Attractiveness

3. Research Methodology

3.1 Secondary Research
3.2 Primary Research
- 3.2.1 Hypothesis formulation:
- 3.2.2 Macro-economic factor analysis:
- 3.2.3 Developing base number:
- 3.2.4 Data Triangulation:
- 3.2.5 Country level data:

4. Electromechanical Joining Servo Press Market Landscape

4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
- 4.3.1 List of Vendors in the Value Chain

5. Electromechanical Joining Servo Press Market - Key Market Dynamics

5.1 Electromechanical Joining Servo Press Market - Key Market Dynamics
5.2 Market Drivers
- 5.2.1 Increasing Adoption of Electromechanical Joining Servo Press Systems
- 5.2.2 Surge in Vehicle Production and Sales
5.3 Market Restraints
- 5.3.1 High Initial Investment and Additional Costs
5.4 Market Opportunities
- 5.4.1 Growing Demand for Energy Efficiency in Manufacturing
- 5.4.2 Digitalization and Integration of Advanced Technologies
5.5 Future Trends
- 5.5.1 Growing Electrical and Electronics Sectors
5.6 Impact of Drivers and Restraints:

6. Electromechanical Joining Servo Press Market - Global Market Analysis

6.1 Electromechanical Joining Servo Press Market Revenue (US$ Million), 2021-2031
6.2 Electromechanical Joining Servo Press Market Forecast Analysis

7. Electromechanical Joining Servo Press Market Analysis - by Stroke

7.1 Upto 100 mm
- 7.1.1 Overview
- 7.1.2 Upto 100 mm: Electromechanical Joining Servo Press Market - Revenue and Forecast to 2031 (US$ Million)
7.2 101-200 mm
- 7.2.1 Overview
- 7.2.2 101-200 mm: Electromechanical Joining Servo Press Market - Revenue and Forecast to 2031 (US$ Million)
7.3 201-400 mm
- 7.3.1 Overview
- 7.3.2 201-400 mm: Electromechanical Joining Servo Press Market - Revenue and Forecast to 2031 (US$ Million)
7.4 401-600 mm
- 7.4.1 Overview
- 7.4.2 401-600 mm: Electromechanical Joining Servo Press Market - Revenue and Forecast to 2031 (US$ Million)
7.5 Above 601 mm
- 7.5.1 Overview
- 7.5.2 Above 601 mm: Electromechanical Joining Servo Press Market - Revenue and Forecast to 2031 (US$ Million)

8. Electromechanical Joining Servo Press Market Analysis - by Application

8.1 Automotive Industry
- 8.1.1 Overview
- 8.1.2 Automotive Industry: Electromechanical Joining Servo Press Market - Revenue and Forecast to 2031 (US$ Million)
8.2 Electric and Electronic Industry
- 8.2.1 Overview
- 8.2.2 Electric and Electronic Industry: Electromechanical Joining Servo Press Market - Revenue and Forecast to 2031 (US$ Million)
8.3 Medical Device Manufacturing
- 8.3.1 Overview
- 8.3.2 Medical Device Manufacturing: Electromechanical Joining Servo Press Market - Revenue and Forecast to 2031 (US$ Million)
8.4 Others
- 8.4.1 Overview
- 8.4.2 Others: Electromechanical Joining Servo Press Market - Revenue and Forecast to 2031 (US$ Million)

9. Electromechanical Joining Servo Press Market - Geographical Analysis

9.1 Overview
9.2 North America
- 9.2.1 North America Electromechanical Joining Servo Press Market Overview
- 9.2.2 North America: Electromechanical Joining Servo Press Market - Revenue and Forecast to 2031 (US$ Million)
- 9.2.3 North America: Electromechanical Joining Servo Press Market Breakdown, by Stroke
  - 9.2.3.1 North America: Electromechanical Joining Servo Press Market - Revenue and Forecast Analysis - by Stroke
- 9.2.4 North America: Electromechanical Joining Servo Press Market Breakdown, by Application
  - 9.2.4.1 North America: Electromechanical Joining Servo Press Market - Revenue and Forecast Analysis - by Application
- 9.2.5 North America: Electromechanical Joining Servo Press Market - Revenue and Forecast Analysis - by Country
  - 9.2.5.1 North America: Electromechanical Joining Servo Press Market - Revenue and Forecast Analysis - by Country
  - 9.2.5.2 United States: Electromechanical Joining Servo Press Market - Revenue and Forecast to 2031 (US$ Million)
    - 9.2.5.2.1 United States: Electromechanical Joining Servo Press Market Breakdown, by Stroke
    - 9.2.5.2.2 United States: Electromechanical Joining Servo Press Market Breakdown, by Application
  - 9.2.5.3 Canada: Electromechanical Joining Servo Press Market - Revenue and Forecast to 2031 (US$ Million)
    - 9.2.5.3.1 Canada: Electromechanical Joining Servo Press Market Breakdown, by Stroke
    - 9.2.5.3.2 Canada: Electromechanical Joining Servo Press Market Breakdown, by Application
  - 9.2.5.4 Mexico: Electromechanical Joining Servo Press Market - Revenue and Forecast to 2031 (US$ Million)
    - 9.2.5.4.1 Mexico: Electromechanical Joining Servo Press Market Breakdown, by Stroke
    - 9.2.5.4.2 Mexico: Electromechanical Joining Servo Press Market Breakdown, by Application
9.3 Europe
- 9.3.1 Europe Electromechanical Joining Servo Press Market Overview
- 9.3.2 Europe: Electromechanical Joining Servo Press Market - Revenue and Forecast to 2031 (US$ Million)
- 9.3.3 Europe: Electromechanical Joining Servo Press Market Breakdown, by Stroke
  - 9.3.3.1 Europe: Electromechanical Joining Servo Press Market - Revenue and Forecast Analysis - by Stroke
- 9.3.4 Europe: Electromechanical Joining Servo Press Market Breakdown, by Application
  - 9.3.4.1 Europe: Electromechanical Joining Servo Press Market - Revenue and Forecast Analysis - by Application
- 9.3.5 Europe: Electromechanical Joining Servo Press Market - Revenue and Forecast Analysis - by Country
  - 9.3.5.1 Europe: Electromechanical Joining Servo Press Market - Revenue and Forecast Analysis - by Country
  - 9.3.5.2 Germany: Electromechanical Joining Servo Press Market - Revenue and Forecast to 2031 (US$ Million)
    - 9.3.5.2.1 Germany: Electromechanical Joining Servo Press Market Breakdown, by Stroke
    - 9.3.5.2.2 Germany: Electromechanical Joining Servo Press Market Breakdown, by Application
  - 9.3.5.3 France: Electromechanical Joining Servo Press Market - Revenue and Forecast to 2031 (US$ Million)
    - 9.3.5.3.1 France: Electromechanical Joining Servo Press Market Breakdown, by Stroke
    - 9.3.5.3.2 France: Electromechanical Joining Servo Press Market Breakdown, by Application
  - 9.3.5.4 Italy: Electromechanical Joining Servo Press Market - Revenue and Forecast to 2031 (US$ Million)
    - 9.3.5.4.1 Italy: Electromechanical Joining Servo Press Market Breakdown, by Stroke
    - 9.3.5.4.2 Italy: Electromechanical Joining Servo Press Market Breakdown, by Application
  - 9.3.5.5 United Kingdom: Electromechanical Joining Servo Press Market - Revenue and Forecast to 2031 (US$ Million)
    - 9.3.5.5.1 United Kingdom: Electromechanical Joining Servo Press Market Breakdown, by Stroke
    - 9.3.5.5.2 United Kingdom: Electromechanical Joining Servo Press Market Breakdown, by Application
  - 9.3.5.6 Russia: Electromechanical Joining Servo Press Market - Revenue and Forecast to 2031 (US$ Million)
    - 9.3.5.6.1 Russia: Electromechanical Joining Servo Press Market Breakdown, by Stroke
    - 9.3.5.6.2 Russia: Electromechanical Joining Servo Press Market Breakdown, by Application
  - 9.3.5.7 Rest of Europe: Electromechanical Joining Servo Press Market - Revenue and Forecast to 2031 (US$ Million)
    - 9.3.5.7.1 Rest of Europe: Electromechanical Joining Servo Press Market Breakdown, by Stroke
    - 9.3.5.7.2 Rest of Europe: Electromechanical Joining Servo Press Market Breakdown, by Application
9.4 Asia Pacific
- 9.4.1 Asia Pacific Electromechanical Joining Servo Press Market Overview
- 9.4.2 Asia Pacific: Electromechanical Joining Servo Press Market - Revenue and Forecast to 2031 (US$ Million)
- 9.4.3 Asia Pacific: Electromechanical Joining Servo Press Market Breakdown, by Stroke
  - 9.4.3.1 Asia Pacific: Electromechanical Joining Servo Press Market - Revenue and Forecast Analysis - by Stroke
- 9.4.4 Asia Pacific: Electromechanical Joining Servo Press Market Breakdown, by Application
  - 9.4.4.1 Asia Pacific: Electromechanical Joining Servo Press Market - Revenue and Forecast Analysis - by Application
- 9.4.5 Asia Pacific: Electromechanical Joining Servo Press Market - Revenue and Forecast Analysis - by Country
  - 9.4.5.1 Asia Pacific: Electromechanical Joining Servo Press Market - Revenue and Forecast Analysis - by Country
  - 9.4.5.2 Australia: Electromechanical Joining Servo Press Market - Revenue and Forecast to 2031 (US$ Million)
    - 9.4.5.2.1 Australia: Electromechanical Joining Servo Press Market Breakdown, by Stroke
    - 9.4.5.2.2 Australia: Electromechanical Joining Servo Press Market Breakdown, by Application
  - 9.4.5.3 China: Electromechanical Joining Servo Press Market - Revenue and Forecast to 2031 (US$ Million)
    - 9.4.5.3.1 China: Electromechanical Joining Servo Press Market Breakdown, by Stroke
    - 9.4.5.3.2 China: Electromechanical Joining Servo Press Market Breakdown, by Application
  - 9.4.5.4 India: Electromechanical Joining Servo Press Market - Revenue and Forecast to 2031 (US$ Million)
    - 9.4.5.4.1 India: Electromechanical Joining Servo Press Market Breakdown, by Stroke
    - 9.4.5.4.2 India: Electromechanical Joining Servo Press Market Breakdown, by Application
  - 9.4.5.5 Japan: Electromechanical Joining Servo Press Market - Revenue and Forecast to 2031 (US$ Million)
    - 9.4.5.5.1 Japan: Electromechanical Joining Servo Press Market Breakdown, by Stroke
    - 9.4.5.5.2 Japan: Electromechanical Joining Servo Press Market Breakdown, by Application
  - 9.4.5.6 South Korea: Electromechanical Joining Servo Press Market - Revenue and Forecast to 2031 (US$ Million)
    - 9.4.5.6.1 South Korea: Electromechanical Joining Servo Press Market Breakdown, by Stroke
    - 9.4.5.6.2 South Korea: Electromechanical Joining Servo Press Market Breakdown, by Application
  - 9.4.5.7 Rest of APAC: Electromechanical Joining Servo Press Market - Revenue and Forecast to 2031 (US$ Million)
    - 9.4.5.7.1 Rest of APAC: Electromechanical Joining Servo Press Market Breakdown, by Stroke
    - 9.4.5.7.2 Rest of APAC: Electromechanical Joining Servo Press Market Breakdown, by Application
9.5 Middle East and Africa
- 9.5.1 Middle East and Africa Electromechanical Joining Servo Press Market Overview
- 9.5.2 Middle East and Africa: Electromechanical Joining Servo Press Market - Revenue and Forecast to 2031 (US$ Million)
- 9.5.3 Middle East and Africa: Electromechanical Joining Servo Press Market Breakdown, by Stroke
  - 9.5.3.1 Middle East and Africa: Electromechanical Joining Servo Press Market - Revenue and Forecast Analysis - by Stroke
- 9.5.4 Middle East and Africa: Electromechanical Joining Servo Press Market Breakdown, by Application
  - 9.5.4.1 Middle East and Africa: Electromechanical Joining Servo Press Market - Revenue and Forecast Analysis - by Application
- 9.5.5 Middle East and Africa: Electromechanical Joining Servo Press Market - Revenue and Forecast Analysis - by Country
  - 9.5.5.1 Middle East and Africa: Electromechanical Joining Servo Press Market - Revenue and Forecast Analysis - by Country
  - 9.5.5.2 South Africa: Electromechanical Joining Servo Press Market - Revenue and Forecast to 2031 (US$ Million)
    - 9.5.5.2.1 South Africa: Electromechanical Joining Servo Press Market Breakdown, by Stroke
    - 9.5.5.2.2 South Africa: Electromechanical Joining Servo Press Market Breakdown, by Application
  - 9.5.5.3 Saudi Arabia: Electromechanical Joining Servo Press Market - Revenue and Forecast to 2031 (US$ Million)
    - 9.5.5.3.1 Saudi Arabia: Electromechanical Joining Servo Press Market Breakdown, by Stroke
    - 9.5.5.3.2 Saudi Arabia: Electromechanical Joining Servo Press Market Breakdown, by Application
  - 9.5.5.4 United Arab Emirates: Electromechanical Joining Servo Press Market - Revenue and Forecast to 2031 (US$ Million)
    - 9.5.5.4.1 United Arab Emirates: Electromechanical Joining Servo Press Market Breakdown, by Stroke
    - 9.5.5.4.2 United Arab Emirates: Electromechanical Joining Servo Press Market Breakdown, by Application
  - 9.5.5.5 Rest of Middle East and Africa: Electromechanical Joining Servo Press Market - Revenue and Forecast to 2031 (US$ Million)
    - 9.5.5.5.1 Rest of Middle East and Africa: Electromechanical Joining Servo Press Market Breakdown, by Stroke
    - 9.5.5.5.2 Rest of Middle East and Africa: Electromechanical Joining Servo Press Market Breakdown, by Application
9.6 South America
- 9.6.1 South America Electromechanical Joining Servo Press Market Overview
- 9.6.2 South America: Electromechanical Joining Servo Press Market - Revenue and Forecast to 2031 (US$ Million)
- 9.6.3 South America: Electromechanical Joining Servo Press Market Breakdown, by Stroke
  - 9.6.3.1 South America: Electromechanical Joining Servo Press Market - Revenue and Forecast Analysis - by Stroke
- 9.6.4 South America: Electromechanical Joining Servo Press Market Breakdown, by Application
  - 9.6.4.1 South America: Electromechanical Joining Servo Press Market - Revenue and Forecast Analysis - by Application
- 9.6.5 South America: Electromechanical Joining Servo Press Market - Revenue and Forecast Analysis - by Country
  - 9.6.5.1 South America: Electromechanical Joining Servo Press Market - Revenue and Forecast Analysis - by Country
  - 9.6.5.2 Brazil: Electromechanical Joining Servo Press Market - Revenue and Forecast to 2031 (US$ Million)
    - 9.6.5.2.1 Brazil: Electromechanical Joining Servo Press Market Breakdown, by Stroke
    - 9.6.5.2.2 Brazil: Electromechanical Joining Servo Press Market Breakdown, by Application
  - 9.6.5.3 Argentina: Electromechanical Joining Servo Press Market - Revenue and Forecast to 2031 (US$ Million)
    - 9.6.5.3.1 Argentina: Electromechanical Joining Servo Press Market Breakdown, by Stroke
    - 9.6.5.3.2 Argentina: Electromechanical Joining Servo Press Market Breakdown, by Application
  - 9.6.5.4 Rest of South America: Electromechanical Joining Servo Press Market - Revenue and Forecast to 2031 (US$ Million)
    - 9.6.5.4.1 Rest of South America: Electromechanical Joining Servo Press Market Breakdown, by Stroke
    - 9.6.5.4.2 Rest of South America: Electromechanical Joining Servo Press Market Breakdown, by Application

10. Competitive Landscape

10.1 Heat Map Analysis
10.2 Company Positioning & Concentration

11. Industry Landscape

11.1 Overview
11.2 Market Initiative
11.3 Product Development
11.4 Mergers & Acquisitions

12. Company Profiles

12.1 RARUK Automation Ltd
- 12.1.1 Key Facts
- 12.1.2 Business Description
- 12.1.3 Products and Services
- 12.1.4 Financial Overview
- 12.1.5 SWOT Analysis
- 12.1.6 Key Developments
12.2 Kistler Group
- 12.2.1 Key Facts
- 12.2.2 Business Description
- 12.2.3 Products and Services
- 12.2.4 Financial Overview
- 12.2.5 SWOT Analysis
- 12.2.6 Key Developments
12.3 JANOME Corporation
- 12.3.1 Key Facts
- 12.3.2 Business Description
- 12.3.3 Products and Services
- 12.3.4 Financial Overview
- 12.3.5 SWOT Analysis
- 12.3.6 Key Developments
12.4 IAI Industrieroboter GmbH
- 12.4.1 Key Facts
- 12.4.2 Business Description
- 12.4.3 Products and Services
- 12.4.4 Financial Overview
- 12.4.5 SWOT Analysis
- 12.4.6 Key Developments
12.5 CORETEC Inc.
- 12.5.1 Key Facts
- 12.5.2 Business Description
- 12.5.3 Products and Services
- 12.5.4 Financial Overview
- 12.5.5 SWOT Analysis
- 12.5.6 Key Developments
12.6 Dai-ichi Dentsu Ltd.
- 12.6.1 Key Facts
- 12.6.2 Business Description
- 12.6.3 Products and Services
- 12.6.4 Financial Overview
- 12.6.5 SWOT Analysis
- 12.6.6 Key Developments
12.7 Bosch Rexroth AG
- 12.7.1 Key Facts
- 12.7.2 Business Description
- 12.7.3 Products and Services
- 12.7.4 Financial Overview
- 12.7.5 SWOT Analysis
- 12.7.6 Key Developments
12.8 SCHMIDT Technology GmbH
- 12.8.1 Key Facts
- 12.8.2 Business Description
  - 12.8.2.1 Products and Services
- 12.8.3 Financial Overview
- 12.8.4 SWOT Analysis
- 12.8.5 Key Developments
12.9 TOX PRESSOTECHNIK GmbH & Co.KG
- 12.9.1 Key Facts
- 12.9.2 Business Description
- 12.9.3 Products and Services
- 12.9.4 Financial Overview
- 12.9.5 SWOT Analysis
- 12.9.6 Key Developments
12.10 PROMESS INC.
- 12.10.1 Key Facts
- 12.10.2 Business Description
- 12.10.3 Products and Services
- 12.10.4 Financial Overview
- 12.10.5 SWOT Analysis
- 12.10.6 Key Developments

13. Appendix

13.1 About The Insight Partners