The Automatic Bending Machine Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Automatic Bending Machine Global Market Report 2024, The automatic bending machine market size is expected to see strong growth in the next few years. It will grow to $2.80 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to growing demand for high-precision and complex bends, increasing demand for automation, rising need for iron and steel metal, increasing manufacturing industries, and rising investments in infrastructure. Major trends in the forecast period include technological advancements, automation integration, robotic integration, 3D printing integration, and sensor technologies.
The increasing adoption of automation in the manufacturing sector is expected to propel the growth of the automatic bending machine market going forward. Automation in manufacturing refers to using technology such as robotics and computer systems to replace or enhance human labor in tasks such as production and assembly, aiming to increase efficiency, productivity, and consistency while reducing costs and errors. The increasing adoption of automation in manufacturing is driven by improvements in productivity, cost savings through reduced labor and operational expenses, and the ability to maintain consistent quality and safety standards in production processes. Automatic bending machines are crucial in enhancing automation within the manufacturing sector. These machines are utilized for bending various materials, such as metal sheets, tubes, and profiles, with precision and efficiency. For instance, in May 2023, according to the International Federation of Robotics, a Germany-based non-profit organization, industrial robot installations in manufacturing climbed by 12% overall in 2022 to reach 41,624 units. The automotive industry, mainly consisting of US, Canadian, and Mexican businesses, was the top adopter with 20,391 installed units, a 30% rise from 2021. Therefore, the increasing adoption of automation in the manufacturing sector is driving the growth of the automatic bending machine market.
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The automatic bending machine market covered in this report is segmented –
1) By Type: Automatic, Capacity, Upto 10 Ton, 10-20 Ton, More than 20 Ton, Semiautomatic
2) By Technology: Electric, Hydraulic, Pneumatic, Induction
3) By Product Application: Metal Plate, Metal Tube, Cable, Conductor, Other Applications
4) By Industry: Aerospace And Defense, Automotive, Construction and Mining, Shipbuilding
Major companies operating in automatic bending machines focus on developing innovative products, such as XXL (extra, extra-large) bending machines, to cater to the growing demand for handling oversized components. An XXL (extra, extra-large) bending machine refers to specialized industrial equipment designed to bend oversized or substantial components, typically beyond the capacity of standard bending machines. For instance, in February 2023, Trumpf Inc., a Germany-based industrial machinery manufacturing company, introduced the TruBend Series 8000, a new bending machine for XXL parts. It offers an exceptionally efficient method for bending very large parts, enabling workers to bend and remove workpieces with significant box heights effortlessly. It includes numerous optional extras tailored to enhance the bending process of heavy parts.
The automatic bending machine market report table of contents includes:
1. Executive Summary
- Automatic Bending Machine Market Characteristics
- Automatic Bending Machine Market Trends And Strategies
- Automatic Bending Machine Market – Macro Economic Scenario
- Global Automatic Bending Machine Market Size and Growth
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32. Global Automatic Bending Machine Market Competitive Benchmarking - Global Automatic Bending Machine Market Competitive Dashboard
- Key Mergers And Acquisitions In The Automatic Bending Machine Market
- Automatic Bending Machine Market Future Outlook and Potential Analysis
- Appendix
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