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Global Press Brakes Market to Reach $1.9 Billion by 2027
In the changed post COVID-19 business landscape, the global market for Press Brakes estimated at US$1.6 Billion in the year 2020, is projected to reach a revised size of US$1.9 Billion by 2027, growing at a CAGR of 2.6% over the analysis period 2020-2027. Automotive, one of the segments analyzed in the report, is projected to record a 3.3% CAGR and reach US$850.7 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the General Machinery segment is readjusted to a revised 2.1% CAGR for the next 7-year period.

The U.S. Market is Estimated at $429.1 Million, While China is Forecast to Grow at 5% CAGR
The Press Brakes market in the U.S. is estimated at US$429.1 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$384.6 Million by the year 2027 trailing a CAGR of 5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.6% and 1.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.2% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$259.5 Million by the year 2027.


Transportation Equipment Segment to Record 2.7% CAGR
In the global Transportation Equipment segment, USA, Canada, Japan, China and Europe will drive the 2.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$179.1 Million in the year 2020 will reach a projected size of US$209.1 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 3.5% CAGR through the analysis period.