Automated Bending Machine Market

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.

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.

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

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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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