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Emerging Trends to Reshape the Automatic Bending Machine Market: Innovative Bending Machine Technologies For Oversized Parts as a Key Influencer
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.Automatic Bending Machine Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
Over the past few years, there has been a consistent increase in the size of the automatic bending machine market. It is forecasted to escalate from $2.22 billion in 2024 to $2.32 billion in 2025, with a compound annual growth rate (CAGR) of 4.7%. Factors that contributed to this historical increase include the surge in metalworking processes, the advent of intelligent automation and connectivity, the flourishing electric vehicles industry, the expansion of consumer electronics manufacturing, and the growth of the aerospace sector.
Automatic Bending Machine Market Size Forecast: What's the Projected Valuation by 2029?
The market size for automatic bending machines is projected to witness significant expansion in the coming years, reaching the benchmark of $2.85 billion in 2029, with a Compound Annual Growth Rate (CAGR) of 5.2%. This accelerated growth during the forecast period is likely due to the escalating demand for intricate and precise bends, an increase in automation needs, a surge in the requirement for iron and steel metals, a rise in manufacturing sectors, and increased investment in infrastructure. Noteworthy trends foreseen during this period are technological innovation, integration of automation and robotics, merging of 3D printing, and advancements in sensor technologies.
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What Are the Drivers Transforming the Automatic Bending Machine Market?
The ascent of automation in the manufacturing industry is predicted to accelerate the expansion of the automatic bending machine market. Manufacturing automation signifies the application of technologies such as robotics and computer systems to supplement or supersede human effort in tasks like assembly and production. It aims to escalate efficiency, uniformity and productivity while minimizing expenses and mistakes. The surge in automation adoption in manufacturing is fueled by enhanced productivity, cost-cutting through diminished labor and operational costs, and the capability to uphold constant quality and safety norms in production procedures. Automatic bending machines play a vital role in augmenting automation within the manufacturing sector. Such machines are employed for bending diverse materials including metal sheets, tubes, and profiles with exactitude and efficiency. For example, in May 2023, as reported by the International Federation of Robotics, a Germany-based non-profit organization, industrial robot installations in manufacturing rose by 12% in total in 2022, amounting to 41,624 units. The auto industry, particularly comprising US, Canadian, and Mexican companies, was the leading adopter with 20,391 installed units, a 30% escalation from 2021. Consequently, the surge in automation adoption in the manufacturing industry is steering the expansion of the automatic bending machine market.
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What Are the Key Trends Driving Automatic Bending Machine Market Growth?
Major corporations involved in the automatic bending machine sector focus on the creation of innovative solutions, such as XXL (extra, extra-large) bending machines to serve the increasing needs for manipulating oversized parts. An XXL (extra, extra-large) bending machine is a specific piece of industrial gear designed to bend large or hefty parts, often exceeding the capabilities of regular bending machines. For example, in February 2023, Trumpf Inc., an industrial machinery producer from Germany, launched the TruBend Series 8000, a novel bending machine designed for XXL items. It introduces an unprecedentedly efficient approach for bending extremely large items, allowing operators to bend and extract workpieces with significant box heights without difficulty. It also offers numerous customisable additional features designed to improve the bending operation for weighty parts.
Which Segments in the Automatic Bending Machine Market Offer the Most Profit Potential?
The automatic bending machinemarket 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 Firms Dominate the Automatic Bending Machine Market by Market Share and Revenue in 2025?
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 Offer the Highest Growth Potential in the Automatic Bending Machine Market?
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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