The global cutting and bending machine market is set to be valued at over US$ 8,238.3 Million in 2022. Furthermore, overall sales of cutting and bending machines are projected to increase at over 7.1% CAGR from 2022 to 2032, totaling a valuation of US$ 16,383.6 Million by 2032.
One of the primary factors driving the growth of the global cutting and bending machine market is the rising applications of cutting and bending machines in the automotive industries, metal fabrication, electrical and electronics, and several other sectors.
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Among these, the automobile industry’s explosive growth is anticipated to have a significant impact on increasing the need for cutting and bending machinery. Metals are frequently employed in the construction of vehicles, which is continually increasing the demand for cutting and bending equipment.
Due to its potential to perform quicker flexible sheet metal bending in the car manufacturing industry, the integration of cutting machines with robots and automatic or electric bending machines is gaining traction. This is done in order to increase production rate. This will raise production efficiency on the assembly line and give workers the opportunity to do so quickly.
Due to the substantial presence of top automotive and electronic component manufacturers as well as the expanding end-use industries in these countries, Asia Pacific is most likely to become the region with the fastest growing market for cutting and bending machines regionally.
Key Takeaways from Cutting and Bending Machine Market Study
- By operation, automatic segment is estimated to account for the highest share of more than 45% in terms of value in 2022.
- By end use, the automotive segment will dominate the market in terms of end use, creating an incremental opportunity of nearly US$ 2,578.7 Mn between 2022 to 2032.
- By product type, cutting machine segment is set to account for more than 80% of the global cutting and bending machine market during the forecast period.
- The North America cutting and bending machine market is expected to grow at 7.6% CAGR through 2032.
- The U.S. cutting and bending machine market is predicted to expand by 1.9x through 2032.
- The cutting and bending machines market in China is expected to reach a valuation of US$ 1,317.0 Million by the end of 2032.
“Significant market opportunities are projected to occur with the differentiated product offerings by the manufacturers attuned to the end user’s viewpoint.” says a Future Market Insights analyst.
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Who is Winning?
The cutting and bending machine market is fragmented with the leading players acquiring around 25% to 35% of the market shares. These players are likely to invest in new technology developments and expansion of their distribution networks to maintain their market presence.
Some of the key players in this industry include TRUMPF Group, Amada Co. Ltd., Bystronic Group, Coherent Inc., Hans Laser Technology Ltd., and Others.
Find More Valuable Insights
The research report analyzes the demand for Cutting and Bending machines. The global Cutting and Bending machine market has been analyzed with the COVID-19 impact, various macroeconomic factors, market trends, and market background. As per Future Market Insights, the market has been analyzed based on Product Type, Operation, End Use, and Region. The report provides qualitative and quantitative information on various players in this market. This report also tracks the market by both supply-side and demand factors.
About Future Market Insights – Industrial Automation
The Industrial Automation division of Future Market Insights offers a novel approach and innovative perspective in analyzing the industrial automation market. Comprehensive coverage of capital, portable, process, construction, industrial, and special-purpose machinery across the manufacturing sector and distinctive analysis of the installed base, consumables, replacement, and USP-feature-application matrix make us a pioneering voice in the industry. We are preferred associates with established as well as budding industry stakeholders and channel partners when it comes to sustaining, growing, and identifying new revenue prospects.
Global Cutting and Bending Machine Industry by Category
By Product Type:
- Cutting Machine
- Laser Cutting Machine
- Waterjet Cutting Machine
- Plasma Cutting Machine
- Flame Cutting Machine
- Bending Machine
- Electric
- Hydraulic
- Pneumatic
- Others
By Operation:
- Automatic
- Semi-automatic
- Manual
By End Use:
- Automotive
- Aerospace
- Electrical and Electronics
- Marine & Construction
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia Pacific
- Middle East and Africa
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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