The Electric Presses Market Size was estimated at 9.29 (USD Billion) in 2024. The Electric Presses Industry is expected to grow from 9.69 (USD Billion) in 2025 to 14.20 (USD Billion) by 2034. The Electric Presses Market CAGR (growth rate) is expected to be around 4.33% during the forecast period (2025 - 2034)
One of the key drivers of the Electric Presses Market is the rising demand for energy-efficient and eco-friendly manufacturing solutions. Unlike hydraulic presses that consume more energy and require regular maintenance, electric presses provide consistent force control with minimal energy wastage. Additionally, the integration of intelligent automation and digital controls allows manufacturers to enhance productivity, reduce operational costs, and maintain high-quality standards. The shift toward smart factories and Industry 4.0 initiatives is further accelerating the adoption of electric presses worldwide.
The automotive industry remains one of the largest end-users of electric presses. With the surge in electric vehicle (EV) production and the growing emphasis on lightweight and durable components, manufacturers are increasingly relying on electric presses for precise metal forming operations. Moreover, advancements in servo-electric press technology enable high-speed production with enhanced repeatability, catering to the stringent quality requirements of automotive components.
Geographically, the Electric Presses Market is witnessing strong growth in regions like North America, Europe, and Asia-Pacific. North America benefits from the presence of leading manufacturers and technological innovations, while Europe is driven by the adoption of sustainable manufacturing practices. The Asia-Pacific region, particularly countries such as China, Japan, and India, is emerging as a key market due to rapid industrialization, expanding automotive production, and rising investments in advanced manufacturing facilities.
Key market players are focusing on product innovation, mergers, acquisitions, and strategic collaborations to strengthen their market presence. The development of compact, high-speed electric presses with integrated automation solutions is enabling manufacturers to meet diverse industrial needs efficiently. Furthermore, continuous research and development efforts are leading to enhanced performance, reduced cycle times, and greater precision, thereby boosting market growth.
In conclusion, the Electric Presses Market is poised for steady expansion driven by technological advancements, the need for energy-efficient operations, and increasing demand from end-use industries such as automotive and aerospace. As manufacturers continue to focus on productivity, sustainability, and automation, electric presses are expected to play a pivotal role in shaping the future of modern manufacturing.
