Metal bending has long been one of the most important characteristics in the world of metalworking processes. The automated bending machine market is estimated to grow at a 4.5% CAGR during the forecast period. The market for automated bending machines is currently at $2.17 billion in 2022, with a forecast value of $3.37 billion by 2032.
Bending machines are a type of tool and automatic system used to shape metal in a solid-drawn manner without the use of welding. These machines are primarily used to shape or deform metals into desired shapes and sizes. The high demand for iron and steel metal from the construction and transportation sectors will propel the Automated bending machine market forward.
Metal fabrication involves the forming and shaping of various metallic products such as tubes, bars, wires, angles, “T” profiles, “U” profiles, and beams. There are high-tech bending machine models used in industries for bulk bending processes, as well as low-tech bending machine models used in small workshops or tool rooms on a job site.
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There are various types of bending machines that includes 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. The metal bending processes has rapidly evolved from traditional mechanical bending to modern and CNC bending machines. Due to the consistent growth in several industries like oil and gas, manufacturing, automotive, building and construction, there is a huge demand for new and improved bending machines.
Automated Bending Machine Market: Competition landscape
Key Players
TRUMPF, Euromac, AMOB, Pines Engineering & H&H Tooling, SOCO Machinery and others.
Automated Bending Machine Market: Regional Outlook
In terms of regional analysis, APAC regions is witnessing significant growth due to increasing demand of 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.
The Automated Bending Machine Market report covers exhaustive analysis on:
- Automated Bending Machine Market Segments
- Historical Actual Market Size, 2014 – 2018
- Automated Bending Machine Market Size & Forecast, 2019 to 2029
- Supply & Demand Value Chain
- Automated Bending Machine Market Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology
- Value Chain
- Automated Bending Machine Market Drivers and Restraints
Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina, Peru, Chile, Rest of LATAM)
- Europe (Germany, Italy, U.K, Spain, France, Nordic countries, BENELUX, Eastern Europe, Rest of Europe)
- East Asia (China, Japan, South Korea)
- South Asia (India, Indonesia, Malaysia, Thailand, Rest of South Asia)
- Oceania (Australia, New Zealand)
- Middle East and Africa (GCC Countries, Turkey, Iran, Israel, S. Africa, Rest of MEA)
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Automated Bending Machine Market: Segmentation
Segmentation of Automated Bending Machine Market on the basis of Type:
- Pipe Bending Machine
- Plate Bending Machine
- Metal Sheet Bending Machine
- Others
Segmentation of Automated Bending Machine Market on the basis of Operations:
- Hydraulic bending machines
- Electric bending machines
- Mechanical bending machine
Segmentation of Automated Bending Machine Market on the basis of industries:
- Oil and gas
- Manufacturing
- Automotive
- Building and Construction
- Others
Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
