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Automated Bending Machine Market

Market Insights on Automated Bending Machine covering sales outlook, demand forecast & up-to-date key trends

Automated Bending Machine Market By Type, Operations & Region - Forecast 2022 - 2032

Automated Bending Machine Market

The automated bending machine market is likely to record a strong CAGR of 4.5% during the forecast period. The automated bending machine market is currently valued at US$ 2.17 Bn in 2022 and is likely to reach US$ 3.37 Bn by 2032.

Report Attribute

Details

Estimated Base Year Value (2022)

US$ 2.17 Bn

Anticipated Forecast Value (2032)

US$ 3.37 Bn

Projected Growth Rate (2022-2032)

4.5% CAGR

Sales of automated bending machines have risen due to the consistent growth in several industries like oil and gas, manufacturing, automotive, building and construction.

Increased metalworking process has led to a class of tools and automatic systems for shaping metal in a solid-drawn way without the use of welding works which is also projected to contribute to the growth of the automated bending machine market share.

The report sheds light on the factors improving the sales of automated bending machine, and, in turn, the opportunities for market players. However, the automated bending machine market also faces some challenges, which might limit the market share from reaching its potential.

Some of the key automated bending machine market trends promoting the demand for automated bending machines include highly sophisticated bending machine models used in industries for bulk bending processes as well as those are used in low production processes in small workshops or tool rooms on a work site.

The metal bending processes have rapidly evolved from traditional mechanical bending to modern and CNC bending machines.

There are various types of bending machines that include pipe bending, plate bending, metal sheet bending and others. A separate dedicated machine is required for each product because each machine has its own mechanical properties such as strength, rigidness, toughness, etc.

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What are the Key Dynamics to the Automated Bending Machine Market Share

The strong demand of iron and steel metal from construction and transportation sector would drive the growth of automated bending machine market.

Moreover, the rapid growth in oil and gas, manufacturing, automotive, building and construction will maximize the demand for automated bending machines during the forecast period.

However, due to the presence of legacy bending machine and high cost of automatic bending machines as compared to manually operated machines they are not affordable to many small and medium-sized enterprises globally resulting in low adoption rates of automated bending machines across various regions.

Nikhil Kaitwade
Principal Consultant
LinkedIn
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Which Region holds the Highest Growth Potential in the Automated Bending Machine Market

In terms of regional analysis, APAC regions are witnessing significant growth due to increasing demand for automated bending machines in manufacturing sectors.

However, North America records a steady growth rate during the forecast period due to the constant growth in manufacturing and oil & gas industries.

TRUMPF (Germany) is a dominant player in the automated bending machine market. The Machine Tools business sector generates the majority of the revenue.

Machine tools for flexible metal sheets and tube processing are available through the Machine Tools business segment. The Machine Tools business segment's product line includes bending, punching, and combined punch and laser processing equipment.

The Machine Tools business area includes the automated bending machine. The firm has a substantial presence in Germany, and a significant portion of its output is exported.

It also has a significant presence in Europe, as well as sales and manufacturing facilities throughout America and Asia Pacific.

How is the Competitive Landscape in the Automated Bending Machine Market

The key players of the automated bending machine market are focusing on enhancing and adopting strategies like enhancing the durability, sizes and its use to thrive business. This is driving the sales of automated bending machines.  

Some of the key participating players indulged in the sales of automated bending machines are:

  • TRUMPF
  • Euromac
  • AMOB
  • Pines Engineering & H&H Tooling
  • SOCO Machinery
  • Others

This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.

These market players are anticipated to drive the automated bending machine market by introducing new products and expanding geographically.

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Scope of Report

Report Attribute

Details

Growth Rate

CAGR of 4.5 % from 2022 to 2032

Base year for estimation

2022

Historical data

2015 – 2021

Forecast period

2023 – 2032

Quantitative units

Revenue in USD billion, volume in kilotons, and CAGR from 2022 to 2032

Report coverage

Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis

Segments covered

Type, Operations, Industries, Region

Regional scope

North America; Latin America; Europe; East Asia; South Asia; Oceania; Middle East and Africa (MEA)

Country scope

U.S., Canada, Mexico, Brazil, Argentina, Peru, Chile, Germany, Italy, U.K, Spain, France, Nordic countries, BENELUX, Eastern Europe, Europe, China, Japan, South Korea, India, Indonesia, Malaysia, Thailand, Australia, New Zealand, GCC Countries, Turkey, Iran, Israel, S. Africa

Key companies profiled

TRUMPF, Euromac, AMOB, Pines Engineering & H&H Tooling, SOCO Machinery and others.

Customization scope

Free report customization (equivalent to up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. 

Frequently Asked Questions

The automated bending machine market grows at a rate of 4.5% CAGR during the forecast period 2022 to 2032.

Key players holding a substantial automated bending machine market share include TRUMPF, Euromac, AMOB, Pines Engineering & H&H Tooling, SOCO Machinery and others.

Demand for automated bending machine is likely to rise on the back of increased metalworking process that has led to a class of tools and automatic systems for shaping metal in a solid-drawn way without the use of welding works which is also projected to contribute to the growth of the automated bending machine market share.

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Nikhil Kaitwade
Principal Consultant
LinkedIn
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