Press machine market seen reaching $60.88 billion by 2035

Market Research Future projects the global press machine market will grow from $37.87 billion in 2025 to $60.88 billion by 2035, driven by automotive production, electronics manufacturing and rising demand for servo and hybrid presses. The forecast points to stronger adoption of high-capacity, automated systems as manufacturers chase efficiency, precision and lower energy use.

Why it matters: - Press machines sit at the center of metal forming, plastic molding and precision component production across automotive, electronics, aerospace and medical devices. - The market’s projected growth signals continued capital spending on manufacturing equipment as factories shift toward automation, electrification and energy efficiency. - Demand for very high-capacity presses is rising as electric vehicle makers move toward giga-casting and mega-casting.

What happened: - Market Research Future estimated the press machine market at $36.11 billion in 2024. - The firm projects the market will reach $37.87 billion in 2025 and $60.88 billion by 2035. - That implies a 4.86% compound annual growth rate during 2025-2035. - The report was published Sept. 22, 2026. - A sample report is available here.

The details: - Mechanical presses remain the largest machine type because they are fast, simple and cost-effective for high-volume stamping. - Hydraulic presses remain important for deep drawing and other jobs that require uniform pressure. - Pneumatic presses serve lighter-duty applications that need clean operation and rapid cycling. - Servo presses are the fastest-growing segment because they offer programmable stroke profiles, precise force control and energy savings of up to 50% versus conventional mechanical presses. - Hybrid presses combine technologies to support more flexible production needs. - Metal forming is the largest application segment. - Automotive is a major end market because presses are used for body panels, structural parts and powertrain components. - Consumer electronics manufacturing is driving demand for precision presses used in enclosures, connectors and small parts. - Medium-capacity presses, defined as 100-500 tons, hold the largest share. - High-capacity presses and very high-capacity presses above 1,500 tons are gaining traction for automotive structures, large appliances and EV giga-casting. - Semi-automated presses are the largest automation segment. - Fully automated systems are growing as factories add robotics and AI-powered control systems. - Asia-Pacific is the largest regional market, led by China, Japan, South Korea and India. - North America is a mature market with strong demand for automation and servo press adoption. - Europe is pushing hybrid and servo presses as manufacturers respond to sustainability rules and energy-efficiency targets.

Between the lines: - The report shows a market moving away from basic forming equipment and toward smarter systems with monitoring, predictive maintenance and robotic handling. - EV manufacturing is changing press requirements by pushing demand for larger single-piece castings and fewer joined parts. - High capital costs remain a barrier for smaller manufacturers that want to upgrade equipment. - Supply-chain volatility and integration complexity can slow adoption of advanced press systems. - The competitive landscape is tightening as manufacturers bundle presses with automation, software and quality-control tools. - Key players named in the report include Schuler AG, Komatsu Ltd., Aida Engineering Ltd., Janome, ISGEC Heavy Engineering Ltd., Siemens AG, Bosch Rexroth AG, Beckwood Press Company, Hitachi Zosen Corporation and Nanjing Forging Machine Tool Co., Ltd.

What's next: - Manufacturers are expected to keep investing in servo and hybrid press technology. - More press shops are likely to add IoT sensors, real-time monitoring and cloud-based fleet management. - Digital twin tools, predictive maintenance and AI-driven production optimization should become more common. - EV production, especially giga-casting, is likely to remain the biggest demand driver for very high-capacity presses. - Market Research Future offers the full report here.