Automatic Bending Machine Market Report 2024

The automatic bending machine market size has grown strongly in recent years. It will grow from $2.1 billion in 2023 to $2.22 billion in 2024 at a compound annual growth rate (CAGR) of 5.6%. During the historic period, growth was driven by increased adoption of metalworking processes, advancements in smart automation and connectivity, expansion of the electric vehicle market, growth in consumer electronics manufacturing, and expansion of the aerospace sector.

The automatic bending machine market size is expected to see strong growth in the next few years. It will grow to $2.8 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to rising demand for high-precision and complex bending capabilities, increasing automation across industries, growing requirements for iron and steel materials, expansion of manufacturing sectors, and heightened investments in infrastructure. Key trends anticipated in this period include advancements in technology, integration of automation and robotics, adoption of 3D printing, and advancements in sensor technologies.

The automatic bending machine market is poised for growth, driven by the increasing adoption of automation in manufacturing. This trend involves leveraging robotics and computer systems to replace or augment human labor in tasks such as production and assembly. The goal is to enhance efficiency, productivity, and consistency while reducing costs and errors. This shift towards automation is fueled by productivity gains, cost savings from reduced labor and operational expenses, and the ability to maintain high standards of quality and safety in production processes. Automatic bending machines play a crucial role in this automation by bending various materials such as metal sheets, tubes, and profiles with precision and efficiency. For instance, in May 2023, industrial robot installations in manufacturing increased significantly, reflecting the automotive industry's strong adoption. This trend underscores the pivotal role of automation in driving the growth of the automatic bending machine market.

Key players in the automatic bending machine sector are focused on innovation, developing products such as XXL (extra, extra-large) bending machines to meet the rising demand for handling oversized components. These specialized machines are designed to bend substantial components beyond the capacity of standard equipment. For example, Trumpf Inc. introduced the TruBend Series 8000 in February 2023, a bending machine tailored for XXL parts that enhances efficiency in handling large workpieces with significant box heights. The machine offers various optional features aimed at optimizing the bending process for heavy parts.

In June 2023, MNM Industries Inc., a US-based producer of containers, expanded its capabilities by acquiring Criterion Machinery Pty Ltd., a company specializing in automatic tube bending machines. This strategic move aims to broaden MNM Industries' product portfolio and manufacturing capabilities, reinforcing its market presence and ability to offer comprehensive solutions to customers.

Major companies operating in the automatic bending machine market are Trumpf GmbH Co. KG, Shuz Tung Machinery Industrial Co Ltd., Bystronic Laser AG, Prima Power, Salvagnini Group, Danobatgroup S.COOP., Ermaksan, Cincinnati Incorporated, Baykal, SafanDarley, Amob S.A., Haco Holding N.V., Akyapak Makina Sanayi VE TICARET A.S, PedaXxGmbH, Amada Co. Ltd., Transfluid Maschinenbau GmbH, WAFIOS AG, Euromac S.P.A, Carell Corporation, Winton Machinery, Mackma SRL, Durma, Soco Machinery Co Ltd., EUROMAC S.p.A, Minerva Industries.

North America was the largest region in the automatic bending machine market in 2023. The regions covered in the automatic bending machine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the automatic bending machine market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

An automatic bending machine is utilized in manufacturing and metalworking to automatically and precisely bend sheet metal and other materials. These machines are typically computer-controlled and execute bending operations based on programmed specifications.

Automatic bending machines come in several types categorized by their capacity, up to 10 tons, 10-20 tons, and more than 20 tons, along with semiautomatic models. Fully mechanized, automatic bending machines operate without constant manual intervention, programmed to perform bending tasks autonomously. This automation enhances manufacturing efficiency, reduces labor costs, and employs various technologies such as electric, hydraulic, pneumatic, and induction. These machines find diverse applications across industries including aerospace, defense, automotive, construction, mining, and shipbuilding, working with materials such as metal plates, tubes, cables, and conductors.

The automatic bending machines market research report is one of a series of new reports that provides automatic bending machines market statistics, including automatic bending machines industry global market size, regional shares, competitors with an automatic bending machines market share, detailed automatic bending machines market segments, market trends, and opportunities, and any further data you may need to thrive in the automatic bending machines industry. This automatic bending machines research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The automatic bending machine market consists of sales of metal brackets, hooks, and hangers, panel bending machine, tube bending machine, roll bending machine, and pipe bending machine. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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