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2025-2034 Automatic Bending Machine Market Evolution: Disruptions, Innovations, and Untapped Opportunities
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Is the Expected CAGR for the Automatic Bending Machine Market Through 2025?
The market for automatic bending machines has seen substantial growth in recent years, with its size set to increase from $2.22 billion in 2024 to $2.36 billion in 2025, maintaining a compound annual growth rate (CAGR) of 6.3%. This surge in the historic period is largely due to the expansion in metalworking procedures, the emergence of intelligent automation and connectivity, the increasing popularity of electric vehicles, the boom in consumer electronics manufacturing, and the growth within the aerospace industry.
What's the Projected Size of the Global Automatic Bending Machine Market by 2029?
The market for automatic bending machines is projected to experience significant expansion in the upcoming years. Forecasts predict that it will reach a value of $2.97 billion by 2029, with a compound annual growth rate (CAGR) of 6.0%. This predicted growth within the forecast period is due to a surge in demand for highly precise and intricate bending operations, rising automation requirements, an increased necessity for iron and steel metals, a growing number of manufacturing sectors, and an upsurge in infrastructure investments. Key trends within this period comprise advancements in technology, the integration of automation, the incorporation of robotics, the use of 3D printing, and the implementation of sensor technologies.
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Top Growth Drivers in the Automatic Bending Machine Industry: What's Accelerating the Market?
The surge in uptake of automation within the manufacturing sector is projected to power the expansion of the automatic bending machine market in the future. This shift towards automation in manufacturing involves the utilization of technologies such as robotics and computer systems to supplement or substitute human labor in tasks related to production and assembly with the ultimate goal of advancing efficiency, productivity, and consistency while minimising costs and mistakes. This heightened acceptance of automation in the manufacturing realm is fueled by enhancements in productivity, the potential for labor and operational cost reductions, and the capability to uphold steady quality and safety benchmarks during production. Automatic bending machines play a pivotal role in bolstering automation within the manufacturing domain. These machines are employed for bending a variety of materials such as metal sheets, tubes, and profiles, with accuracy and efficacy. To illustrate, data from the International Federation of Robotics, a non-profit organization based in Germany, disclosed that in May 2023, there was a 12% overall increase in industrial robot installations in manufacturing from 2022, totaling 41,624 units. The automotive industry, primarily comprised of the US, Canadian, and Mexican enterprises, led the charge with 20,391 installed units, marking a 30% escalation from 2021. Hence, the escalating uptake of automation within the manufacturing industry is catalyzing the expansion of the automatic bending machine market.
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What Trends Will Shape the Automatic Bending Machine Market Through 2029 and Beyond?
Leading businesses in the automatic bending machine industry are focusing on the innovation of products such as XXL (extra, extra-large) bending machines, in response to an increasing need for equipment capable of managing oversized parts. An XXL (extra, extra-large) bending machine is a type of unique industrial machinery developed to bend large or extensive components that usually exceed the abilities of regular bending machines. For instance, in February 2023, Trumpf Inc., an industrial machinery production company based in Germany, launched the TruBend Series 8000. This new machine, designed for XXL parts, presents an incredibly efficient solution for bending exceptionally large parts, allowing workers to effortlessly bend and extract workpieces with substantial box heights. It also includes a variety of optional features designed to improve the process of bending heavy components.
What Are the Main Segments in the Automatic Bending Machine Market?
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
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Which Top Companies are Driving Growth in the Automatic Bending Machine Market?
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
Which Regions Will Dominate the Automatic Bending Machine Market Through 2029?
North America was the largest region in the automatic bending machine market in 2024. The regions covered in the automatic bending machine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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