At 5.1% CAGR, Middle East & Africa Electromechanical Joining Servo Press Market is Projected to be WWorth US$ 16.20 Million by 2031 says Business Market Insights

According to Business Market Insights’ research, the Middle East & Africa electromechanical joining servo press market was valued at US$ 10.87 million in 2023 and is expected to reach US$ 16.20 million by 2031, registering a CAGR of 5.1% from 2023 to 2031. Increasing adoption of electromechanical joining servo press systems and growing demand for energy efficiency in manufacturing are among the critical factors attributed to drive the Middle East & Africa electromechanical joining servo press market.

Press drives generate high force using a pneumatic pressure intensifier and hydraulic cylinder; as a result, servo press drives are being used as this equipment requires less energy, is easy to program and set up, and does not require high oil and air pressure in the production environment. In modern automated automotive manufacturing facilities, the use of pneumatic/hydraulic press drives has dropped to less than 40% due to the higher weight of such devices. Electromechanical joining servo press systems are increasingly replacing conventional hydraulic or pneumo-hydraulic systems. These systems offer better energy balance, precise control, flexibility, and lower which in turn is expected to fuel the demand for electromechanical joining servo presses in the coming years. Therefore, the rising adoption of electromechanical joining servo presses in automotive, medical devices, and electrical & electronics production plants for joining operations to fuel the market growth.

On the contrary, high initial investment and additional costs hampers the growth of Middle East & Africa electromechanical joining servo press market.

Based on stroke, the Middle East & Africa electromechanical joining servo press market is segmented into upto 100 mm, 101-200 mm, 201-400 mm, 401-600 mm, and above 601 mm. The 101-200 mm segment held 27.8% market share in 2023, amassing US$ 3.02 million. It is projected to garner US$ 4.36 million by 2031 to register 4.7% CAGR during 2023–2031.

By application, the Middle East & Africa electromechanical joining servo press market is segmented into automotive industry, electric and electronic industry, medical device manufacturing, and others. The automotive industry segment held 46.7% share of Middle East & Africa electromechanical joining servo press market in 2023, amassing US$ 5.08 million. It is projected to garner US$ 7.88 million by 2031 to expand at 5.7% CAGR from 2023 to 2031.

Based on country, the Middle East & Africa electromechanical joining servo press market is categorized into South Africa, Saudi Arabia, the UAE, and Rest of Middle East & Africa. Our regional analysis states that the Saudi Arabia captured 36.3% share of Middle East & Africa electromechanical joining servo press market in 2023. It was assessed at US$ 3.95 million in 2023 and is likely to hit US$ 5.85 million by 2031, registering a CAGR of 5.0% during 2023 to 2031.

Key players operating in the electromechanical joining servo press market are RARUK Automation Ltd, Kistler Group, JANOME Corporation, IAI Industrieroboter GmbH, CORETEC Inc, Dai-ichi Dentsu Ltd, Bosch Rexroth AG, SCHMIDT Technology GmbH, TOX PRESSOTECHNIK GmbH & Co.KG, and PROMESS INC., among others.

• In March 2023, BTM Europe's joining technology experts and specialized machine builders are providing their customers with a complete system that uses clinching technology to manufacture aluminum transport boxes. The new system makes use of the NCFC electromechanical joining module from Kistler, which combines compact dimensions, flexibility, and precision – including sensor-based process control and monitoring.

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