What are the Historical Developments and Current Growth Metrics of the Automatic Bending Machine Market?
The automatic bending machine market has seen considerable growth due to a variety of factors.
• The automatic bending machine market has shown steady growth in recent years. It is expected to increase from $2.22 billion in 2024 to $2.36 billion in 2025, with a compound annual growth rate (CAGR) of 6.3%.
The growth is driven by the rising demand for metalworking processes, the adoption of smart automation and connectivity, the expansion of electric vehicle production, increased production of consumer electronics, and growth in the aerospace industry.
What is the Forecasted Market Size and CAGR for the Automatic Bending Machine Market?
The automatic bending machine market is expected to maintain its strong growth trajectory in upcoming years.
• The automatic bending machine market is forecasted to grow to $2.97 billion by 2029, at a CAGR of 6.0%.
Growth factors include increased demand for high-precision bends, rising automation needs, greater demand for iron and steel, expanding manufacturing industries, and investments in infrastructure. Trends include technological advancements, automation integration, robotic and 3D printing technology, and the use of sensor technologies.
What Key Factors and Trends Are Driving The Growth Automatic Bending Machine Market?
The adoption of automation in the manufacturing sector is expected to drive the growth of the automatic bending machine market. Automation is being increasingly implemented in manufacturing to improve productivity, reduce operational costs, and ensure consistent product quality. Automatic bending machines are crucial for bending materials with high precision. According to the International Federation of Robotics, industrial robot installations grew by 12% in 2022, with the automotive industry being the largest adopter, boosting the need for such machines.
What Are The Market 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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How Are Emerging Trends Reshaping The Dynamics Of The Automatic Bending Machine Market?
Companies in the automatic bending machines market are designing XXL (extra, extra-large) machines to handle oversized components. Trumpf introduced the TruBend Series 8000 in February 2023, a machine capable of efficiently bending large parts, ensuring easy handling of workpieces with significant box heights. The machine offers various enhancements tailored to heavy bending tasks.
Who Are the Key Players 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
What Are The Regional Insights Into 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.
