According to Technavio, the Press Brakes Market size is set to rise by USD 555.7 million, with a CAGR of 5.32% from 2024 to 2028. The market's robust growth is attributed to the rising demand for CNC press brakes, which are essential for their precision in metal fabrication. Additionally, the surge in popularity of SUVs and pickup trucks is driving the need for press brakes in automotive manufacturing, especially for chassis and body panels. The global market is also bolstered by the increasing use of hydraulic press machines across various industries, known for their ability to shape and form metal with high precision and efficiency.

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