Cutting and Bending Machine Market Analysis, Key Players, Segments & Forecast 2022 to 2032
The global cutting and bending machine market will be worth more than US$ 8,238.3 million by 2022, according to Future Market Insights. Furthermore, from 2022 to 2032, overall sales of cutting and bending machines are predicted to expand at a CAGR of more than 7.1%, totaling US$ 16,383.6 Million.
The increasing use of cutting and bending machines in the automotive, metal fabrication, electrical and electronics, and other industries is driving the global cutting and bending machine market.
Among these, strong expansion in the automotive industry is likely to play a significant role in increasing sales of cutting and bending equipment. Metals are frequently utilised in car manufacture, which is constantly increasing the demand for cutting and bending machines.
For increasing the production rate, there is increasing automation in the material processing equipment and their assembly lines, in which integration of cutting machines with robots and automatic or electric bending machines is gaining traction owing to its ability to do faster flexible sheet metal bending in vehicle manufacturing. This will boost the assembly line’s productivity and allow operators to increase production efficiency in a minimum amount of time.
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Regionally, Asia Pacific is likely to emerge as the fastest growing market for cutting and bending machines due to the high presence of leading automotive and electronic component manufacturers and growing end-use industries in these regions.
Key Takeaways from Cutting and Bending Machine Market Study
By operation, automatic segment is estimated to account for the highest share of more than 45% in terms of value in 2022. By end use, the automotive segment will dominate the market in terms of end use, creating an incremental opportunity of nearly US$ 2,578.7 Million between 2022 to 2032. By product type, cutting machine segment is set to account for more than 80% of the global cutting and bending machine market during the forecast period. The North America cutting and bending machine market is expected to grow at 7.6% CAGR through 2032. The U.S. cutting and bending machine market is predicted to expand by 1.9x through 2032. The cutting and bending machines market in China is expected to reach a valuation of US$ 1,317.0 Million by the end of 2032.
“Significant market opportunities are projected to occur with the differentiated product offerings by the manufacturers attuned to the end user’s viewpoint.” says a Future Market Insights analyst.
Who is Winning?
The cutting and bending machine market is fragmented with the leading players acquiring around 25% to 35% of the market shares. These players are likely to invest in new technology developments and expansion of their distribution networks to maintain their market presence.
Some of the key players in this industry include TRUMPF Group, Amada Co. Ltd., Bystronic Group, Coherent Inc., Hans Laser Technology Ltd., and Others.
Find More Valuable Insights
The research report analyzes the demand for Cutting and Bending machines. The global Cutting and Bending machine market has been analyzed with the COVID-19 impact, various macroeconomic factors, market trends, and market background. As per Future Market Insights, the market has been analyzed based on Product Type, Operation, End Use, and Region. The report provides qualitative and quantitative information on various players in this market. This report also tracks the market by both supply-side and demand factors.
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Global Cutting and Bending Machine Industry by Segments
By Product Type:
Cutting Machine Laser Cutting Machine Waterjet Cutting Machine Plasma Cutting Machine Flame Cutting Machine Bending Machine Electric Hydraulic Pneumatic Others
By Operation:
Automatic Semi-automatic Manual
By End Use:
Automotive Aerospace Electrical and Electronics Marine & Construction Others
By Region:
North America Latin America Europe East Asia South Asia Pacific Middle East and Africa