Mechanical press is a forging machine driven by crank connecting rod, elbow rod mechanism, cam mechanism, and screw mechanism. It is mainly used for pressure processing of materials, and is widely used in industrial fields such as automobiles and ships to process parts by applying strong pressure to blanks to cause deformation and fracture. ‌

Overview of Market Development

Mechanical presses have a wide range of applications and high productivity, and are key equipment in forging production. In recent years, the global mechanical press market has shown a steady growth trend. The key factors driving the development of the industry are technological innovation, trends in automation and intelligence, and the improvement of energy efficiency and environmental protection requirements. According to our research data, the global mechanical press market revenue is estimated to reach $9.29 billion in 2024.

In the next few years, with the development of industry and the increasing demand in emerging markets, the mechanical press market is expected to continue to maintain a stable growth trend. It is expected that by 2029, the global mechanical press market revenue will continue to increase to $10.97 billion.

Segmented Market Analysis

According to the structural type of the machine body, mechanical presses can be divided into two categories: open-type and closed-type. The open-type press has a simple structure and easy operation, but its rigidity is poor; The closed-type press has good rigidity and high precision, and is suitable for pressing large parts. Among them, open-type presses dominate the market, with an estimated market share of 69.23% in 2024.

From the perspective of downstream application patterns, mechanical presses are widely used in fields such as automobiles, ship building, aerospace, and petrochemicals. Among them, the automotive industry is the largest downstream application market, with an estimated application share of 32.12% in 2024.

Source: www.globalmarketmonitor.com

Market Analysis of Major Regions/Countries

From a regional perspective, North America, Europe, and the Asia Pacific region dominate the development of the global mechanical press market. Among them, the Asia Pacific region is the largest revenue market, with its mechanical press market revenue accounting for over 30% of the global total revenue. From a national perspective, China is the largest revenue generating country. Data shows that the estimated revenue of China's mechanical press market in 2024 is $1934 million, with an estimated revenue share of 17.06%.

Regions/Countries	Market Revenue (Million USD)	Market Share
North America	2250	19.84%
Europe	2811	24.79%
China	1934	17.06%
Japan	1289	11.37%
India	454	4.01%
South America	329	2.90%
Middle East & Africa	374	3.30%