Servomechanical presses deliver the functionality of both mechanical and hydraulic presses while increasing precision, and ultimately deliver power-saving and noise-reducing productivity and flexibility in smaller footprints. A vital link in the chain for delivery of automotive, appliance and other products, the metal forming community should be busy, busy, busy in efforts to meet pent-up demand. To do so, many seek to purchase productivity-enhancing machinery. For example, the OSEA Automotive Supplier Barometer Q4 2021 report, Capital Markets & Innovation, which includes survey responses from top executives of OSEA member companies, shows that 90 percent of responding suppliers prefer to purchase new equipment rather than used, with 41 percent "very confident" that their companies will implement the needed capital investment to meet their 2022/2023 demand requirements. And, 40 percent of survey respondents expect their companies' capital spending to increase "significantly or somewhat" through 2023.
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