Powder Compacting Pressers Market Size, Share, Trend, Forecast

Powder Compacting Pressers market is likely to witness a CAGR of 3.5% during the forecast period. Powder compacting is a compression molding process that forms complex shapes from ceramic, composite, metallic, PTFE, and other powder compounds employing a press (which is usually a hydraulic one). The powder compacting pressers market is driven by a surge in demand for Internet of Things (IoT) in automobile production, owing to its ability to provide improved efficiency by optimizing the manufacturing processes.