Digital Servo Press Market - Share, Growth, Trends, and Forecast 2019 - 2027

Albany, NY -- (SBWire) -- 05/31/2019 --A digital servo press includes the same components as the high-end actuator. However, it also features a controller, signal amplifiers, and active motor cooling with dedicated software to provide true closed-loop control of both position and force. The press's drive and mechanism varies, depending on model. Mechanism types include rack-and-pinion, planetary roller screw (for higher forces), and ballscrew.

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The presses can be driven directly through a gearbox or by the servomotor. The digital control of the servo press enables harmonic movements of various devices such as hydraulic, air, and servomotor controlled cushions with the main slide. By utilizing this function, servo presses are often employed to extend the forming limit and to improve product accuracy. On a multi-axis servo press, two or more processes may be completed in a stroke by moving the driving axes cooperatively.

The global digital servo press market is expected to reach around US$ 1,294.0Mn by 2027. The Asia Pacific digital servo press market incurred the highest share, accounting for US$ 348.8 Mn in 2017. The market dynamics of the global digital servo press market are subject to factors mainly related to the growing automotive sector and rising adoption of digital servo press in the aerospace sector. Asia Pacific and Europe dominate the digital servo press market.

The automotive industry is rising due to increasing technological transformations and changing consumer demand and preferences and is expected to witness enormous growth across the world over the forecast period. This growth is due to the increased manufacturing of automobiles as automakers are constantly developing more efficient engines and drive-trains to reduce the fuel consumption and are using emission-control technology to produce cleaner automobiles.

Hence, the growing automotive industry is expected to propel the market for digital servo-press over the forecast period. Moreover, with the growing aerospace industry, the implementation of digital servo press in manufacturing of aircraft to enhance productivity and accuracy would further boost the market growth for digital servo press over the forecast period.

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One of the major challenges affecting the growth of the digital servo press market is high initial cost and requirement of skilled professionals for the manufacturing process. Digital servo press is gaining traction in the market due to its ability of performing tasks with efficiency and accuracy on account of its flexibility of speed, controllability, and simplicity in design. However, skilled personnel are required for their operations to maintain productivity in the machine process.