Press Fit Machines Market Forecast and CAGR

According to the latest study by Fact.MR, press fit machines market is expected to show substantial growth over the forecast period (2021-2031). Growing electrical & electronics market will give major boost to the press fit machine sales. Moreover, constant demand from automotive industry is projected to drive the press fit machine market at a CAGR of around ~5% over the next decade.

What is Driving Demand for Press Fit Machines?

With emerging trend of industry 4.0 automation is already becoming a reality with big companies trying to adapt efficient processes in order to cut cost and meet specific design requirements. For instance, insertion in PCB boards has become a hassle free task with help of machine pin which further attribute towards the growing demand of machines.

Additionally, penetration of automation has led to surge in demand for electronic products such as printed circuit boards (PCB) which find its application in various sectors such as industrial, medical and automotive. These sectors have propelled the demand for PCB boards which in turn is driving the press fit machines sales.

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Key Segments

• By Frame Type

  • H-Frame
  • C-Frame

• By Press Force

  • 1 Ton
  • 5 Ton
  • 8 Ton

• By Press Type

  • Manual
  • Pneumatic
  • Servo

• By Board Type

  • Backplane PCB Board
  • Daughter PCB Board

• By Application

  • Single pin insertion
  • Mass termination

• By End Use

  • Electrical & Electronics
  • Automotive
  • Healthcare
  • Consumer electronics

• By Region

  • North America
    • US & Canada
  • Latin America
    • Brazil, Mexico, Others
  • Western Europe
    • EU5
    • Nordics
    • Benelux
  • Eastern Europe
  • Asia Pacific
    • Australia and New Zealand (ANZ)
    • Greater China
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Japan
  • Middle East and Africa
    • GCC Countries
    • Other Middle East
    • Northern Africa
    • South Africa
  • Other Africa

Who are the Key Manufacturers and Suppliers of Press Fit Machines?

Some of the key players in press fit machine industry are SYNEO, Autosplice, Eberhard, Ept GmbH, Fohrenbach, Lazpiur, Nextronics Engineering, Shenzhen Zhizhan Electronics, TE Connectivity, and UMG Technologies.

Over the years above mentioned players have mainly relied on organic growth strategies such as product launches and innovation to expand their customer base and market share.

Medical Industry All Set to Propel the Growth of Press Fit Machines

PCB finds huge application in the medical and healthcare industry. Applications such as diagnostic and monitoring need efficiently integrated circuit boards for scanning and other medical equipment. Press fit machines have insured a streamlined process to manufacture PCBs for medical instruments.

Additionally, with a market share of around ~23% medical industry is a fast growing segment for the consumption of PCB which has eventually contributed significantly in driving the sales for machines.

Moreover, with technological developments taking place in the medical industry electronic board production and consumption is only going to increase which turns out to be a major factor bolstering the growth of machines in the long run.