Automobile Industry’s Need for Advanced Bending Solutions is Driving the Automatic Bending Machine Market Expansion | Future Market Insights, Inc.

[306 Pages Report] The automatic bending machine market is expected to reach USD 3.68 billion by 2034 from USD 2.37 billion in 2024, at a CAGR of 4.5%.


NEWARK, Del, July 03, 2024 (GLOBE NEWSWIRE) -- In 2024, the automatic bending machine market is poised to reach a valuation of USD 2.37 billion. From 2024 to 2034, market advancement is anticipated to maintain a steady pace, with a projected CAGR of 4.5%. By 2034, the market's value is expected to soar to USD 3.68 billion.

Automatic bending machines find applications in numerous sectors, and the expansion of these sectors benefits the market. The automobile, oil and gas, and construction industries are just a few examples of sectors contributing to the growth of the automatic bending machine market. Manufacturers in these industries are increasingly shifting away from manual labor and adopting automatic machines for metal bending.

Request Your Sample Report for a Comprehensive View: https://www.futuremarketinsights.com/reports/sample/rep-gb-10527

Large-scale industries requiring bulk metal work are resorting to automatic bending machines for the efficiency and effectiveness they provide. However, the demand for these machines is not limited to large manufacturing units; small workshops and manufacturers also utilize them. The safety provided by automatic bending machines, which minimize human interaction with sharp machinery, is also contributing to market growth.

Despite these positive factors, some restraints hinder the progress of the market. Manual and semi-automatic solutions for metal bending present significant competition. Additionally, the high price also acts as a deterrent to the growth of the automatic bending machine market.

“Automatic bending machines are moving forward with the modernization in manufacturing. Technologies such as software-controlled machines and those equipped with robotic arms are enhancing the proficiency and attractiveness of automatic bending machines to manufacturers. Thus, technological advancement represents a significant avenue for investors,” – opines Nikhil Kaitwade, Associate Vice President at Future Market Insights (FMI).

Key Takeaways from the Automatic Bending Machine Market

  • The automatic bending machine industry is projected to be valued at USD 2.37 billion in 2024.
  • Hydraulic is the prevailing technology used in these machines. For 2024, hydraulic automatic bending machines are expected to account for 32.45% of the market share.
  • Automatic bending machines are predominantly used for making metal sheets. For 2024, metal sheets are anticipated to contribute to 45.56% of the market share.
  • China is one of the most promising countries for the market. For the forecast period, the CAGR for China is estimated to be 7.8%.
  • India is another Asian country with a bright future in this market. The CAGR for India over the forecast period is predicted to be 7.5%.
  • The market is expected to register a CAGR of 6.3% in the United States over the forecast period.

Drive Your Business Growth Strategy: Checkout the Report for Key Insights: https://www.futuremarketinsights.com/checkout/10527

Competition Analysis of the Automatic Bending Machine Market

Market players are focusing on introducing new products, particularly those with improved technology. The market witnesses high-end companies battling it out with smaller companies and startups for market share.

Recent Developments in the Automatic Bending Machine Market

  • In June 2023, the Biegemaster XBend machine was introduced by Bradbury.
  • In October 2021, the eP Genius 1030 bending solution was introduced by TRUMPF.

Key Companies in the Automatic Bending Machine Market

  • Transfluid Maschinenbau GmbH
  • PEDAX GmbH
  • Horn Machines Tools, Inc.
  • Pines Engineering & H&H Tooling
  • HACO
  • Prima Industrie S.p.A.
  • Soco Machinery
  • Shuz Tung Machinery Industrial Co., Ltd
  • Euromac
  • TRUMPF
  • WAFIOS AG
  • Baileigh Industries, Inc.
  • Bystronic
  • Amada Co. Ltd
  • AMOB
  • Danobatgroup
  • BLM Group

Key Segmentations

By Technology:

  • Electric
  • Hydraulic
  • Pneumatic
  • Induction

By Application:

  • Tube/Pipe
  • Metal Sheet
  • Bar

By Industry:

  • Automotive
  • Shipbuilding
  • Aerospace
  • Construction & Mining
  • Others (Heavy Machine Engineering and Machine Manufacturing)

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East and Africa (MEA)

Report Preview: https://www.futuremarketinsights.com/reports/automated-bending-machine-market

About the Industrial Automation Domain at Future Market Insights:

The industrial automation domain at Future Market Insights offers expert analysis, time efficient research, and strategic recommendations with the objective of providing authentic insights and accurate results to help clients worldwide.

With a repertoire of over 100+ reports and 1 Billion+ data points, the team has been analyzing the market lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.

Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

Explore Future Market Insights, Inc. Extensive Coverage in Industrial Automation Domain:

The overall demand for edge bending machines market is projected to grow at a CAGR of 3.1% between 2022 and 2032, totaling around 385.6 Million by 2032.

The global metal sheet bending machine market size is projected to exhibit a sluggish CAGR of 2.1% from 2024 to 2034.

The global cutting and bending machine market size reached USD 7,751.7 Million in 2021 and it is expected to touch a valuation of USD 8,238.3 Million in 2022.

The Automatic Distillation Analyzer market share is projected to reach USD 1,667.7 Million in 2032. According to FMI, the market is estimated to be valued at USD 922.5 Million in 2022 

The global automatic fire suppression system (AFSS) market size is forecast to surpass USD 17 Billion in 2022.

The global machine tool touch probe market share is estimated to gain a revenue of USD 637.30 million in 2023.

The global non destructive testing and inspection market value to reach USD 11.7 billion in 2024.

The GCC electrical service industry value reached USD 201.6 million in 2023. Over the forecast period, the value is anticipated to rise at 6.1% CAGR.

The global automatic door control market is to be worth US$ 14,426.00 million in 2023, growing at a moderate 7.2% CAGR during the forecast period. By 2033,

The global stationary battery storage market size is projected to have evolved from its estimated USD 18443.8 million in 2024 to USD 304211.4 million by 2034.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:       

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedInTwitterBlogs | YouTube