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## Global Servo Press Market 2024
The global servo press market reached approximately $3.1 billion in 2024, up from $2.8 billion in 2023. Growth is driven by three main factors:
**EV manufacturing expansion:** Battery cell casing, motor lamination, and structural components all require servo press capability. EV-related servo press demand grew 35% in 2024.
**UHSS adoption in automotive:** As automakers increase use of 980MPa+ steel for lightweighting, servo presses become mandatory (mechanical presses cannot control springback on UHSS).
**Replacement cycle:** Large installed base of mechanical presses from 1990s-2000s reaching end of life. Servo presses are the natural replacement.
## Key Announcements in 2024
**Aida Engineering** launched the DSF-N2 series with improved energy storage (supercapacitor integrated), reducing peak grid demand by 40%.
**Schuler Group** announced a 5000T servo press for large automotive body panel production — the largest servo press in production.
**Komatsu Industries** expanded servo press production capacity in Thailand to serve Southeast Asian automotive supply chains.
## Technology Trends
- AI-based process monitoring: real-time quality prediction from tonnage curve shape
- Digital twin integration: virtual commissioning before physical installation
- Predictive maintenance: drive data analytics predicting bearing failure 2-4 weeks in advance
## Outlook 2025
Market expected to reach $3.4-3.6 billion. Key growth markets: India (new automotive investment), Southeast Asia (supply chain diversification from China), and North America (reshoring).