Automated Bending Machine Market Poised for Remarkable Growth, Projected to Reach Nearly US$ 2.95 Billion by 2029

Automated Bending Machine Market Overview:

The global Automated Bending Machine Market, valued at US$ 2.17 billion in 2022, is anticipated to witness a robust growth rate of 4.5% from 2023 to 2029, reaching a projected value of nearly US$ 2.95 billion. The market's expansion is driven by the increasing demand for iron and steel in the construction and transportation sectors.

Report Scope and Research Methodology:

The report provides a comprehensive picture of the global Automated Bending Machine market, utilizing Porter's five forces and PESTLE analysis to identify competitive dynamics and macro-environmental factors influencing the market. The objective is to present insights into the market's current state and future prospects.

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Market Dynamics:

The growth of the automated bending machine market is propelled by the safety and accuracy offered by programmable bending. However, challenges such as high maintenance costs and the need for skilled operators hinder market expansion.

Driving Factors:

Steady growth in industries like oil and gas, manufacturing, automotive, and building and construction fuels the demand for automated bending machines. The evolution from traditional mechanical bending to modern CNC bending machines and the diverse applications in pipe bending, plate bending, and metal sheet bending contribute to the market's upward trajectory.

Restraining Factors:

Despite the positive momentum, the market faces constraints due to the higher cost of automated bending machines compared to manual alternatives, limiting adoption in small and medium-sized businesses globally.

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Segment Analysis:

by Type

• Automatic
• Semiautomatic

The market is segmented into automatic and semiautomatic types. Automatic bending machines are expected to dominate the market, driven by their ease of use and high precision in loading and unloading workpieces.

by Technology

• Electric
• Hydraulic
• Pneumatic
• Induction Based

Electric bending machines are projected to hold the highest market share during the forecast period. Their accuracy, ease of use, and low power consumption make them preferable in industries such as automotive, aerospace, construction, and shipbuilding.

by Application

• Tube/Pipe
• Metal Sheet
• Bar

Tube/pipe bending is expected to witness the fastest growth, driven by the aerospace, shipbuilding, automobile, and construction industries' extensive use of tubes and pipes.

by Industry

• Automotive
• Shipbuilding
• Aerospace
• Construction & Mining
• Others

In 2022, the automotive industry is expected to have the largest share of automated bending machines, with reduced cycle times contributing to increased efficiency.

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Key Players

• Euromac (Italy)
• Pines Engineering & H&H Tooling (US)
• SOCO Machinery (Taiwan)
• TRUMPF GmbH + Co. KG (Germany)
• AMADA HOLDINGS Co., Ltd. (Japan)
• HACO BV (Belgium)
• Bystronic Laser AG (Germany)
• Prima Industrie S.p.A. (Italy)
• DANOBAT GROUP (Spain)
• WAFIOS AG (Germany)
• BLM Group (Italy)
• transfluid® Maschinenbau GmbH (Germany)
• AMOB (Portugal)
• Jaypee Group (India)
• Gensco Equipment (US)
• Eurobend (Germany)
• MEP Group (Italy)
• Progress Maschinen & Automation (Italy)
• Henan Sinch Machinery (China)
• TJK Machinery (China)
• Chengdu Gute Machinery Works (China)

Regional Insights:

By 2029, Asia Pacific is forecasted to be the largest market for automated bending machines, driven by the growth of small and mid-sized businesses, a rising economy, and technological advancements. North America maintains a consistent growth rate due to ongoing developments in the industrial, oil, and gas sectors.

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Table of content for the Automated Bending Machine Market includes:

Part 01: Executive Summary

Part 02: Scope of the Automated Bending Machine Market Report

Part 03: Global Automated Bending Machine Market Landscape

Part 04: Global Automated Bending Machine Market Sizing

Part 05: Global Automated Bending Machine Market Segmentation

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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