Powder Compacting Pressers Market size is expected to reach USD 408.9 million by 2028
Powder Compacting Pressers Industry Overview The global powder compacting pressers market size was valued at USD 305.7 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 3.7% from 2020 to 2028. Rising demand for the Internet of Things (IoT) in automobile production owing to its ability to provide improved efficiency by streamlining the manufacturing processes is expected to have a positive impact on the market growth. The rising unpredictability of global events, such as the COVID-19 pandemic, has made it necessary for industry participants to adopt technologies that help in reducing losses and streamlining the process for them to stay in the competition. This, in turn, is expected to drive the demand for powder compacting pressers incorporated with IoT over the forecast period. Gather more insights about the market drivers, restrains and growth of the Global Powder Compacting Pressers Market The U.S. automotive marke...