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The bending machine market size is forecast to increase by USD 2.40 billion, at a CAGR of 5.27% between 2023 and 2028. The growth rate of the market depends on several factors, such as the growth in the global machine tools market, the growth in the manufacturing sector, and the growing industrial and construction activities in developing regions. Our report examines historic data from 2018 - 2022, besides analyzing the current and forecasted market scenario.
The surge in market growth across the APAC region is driven by significant investments in the manufacturing, construction, and transport sectors. AMADA Co. Ltd leads with cutting-edge bending machines such as the HG Series, renowned for its high-rigidity frame and innovative hybrid system that ensures high-speed and high-quality processing, enhanced by advanced angle solutions. Notably, the HG1003ATC hybrid press brake features a next-generation Automatic Tool Changer (ATC), highlighting AMADA's commitment to technological advancement. Concurrently, industry players like AMOB Group and BLM S.P.A contribute with a diverse range of bending machines, including the eMOB series, eMOB bend series, eMOB LR series, CH series, CH booster series, and MDH series. These advanced solutions underscore the region's dedication to innovation and efficiency in metal forming machine tools, meeting the evolving needs of modern manufacturing with cutting-edge technologies.
Market Forecast 2024-2028
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Our researchers studied the market research and growth data for years, with 2023 as the base year and 2024 as the estimated year, and presented the key drivers, trends, and challenges for the market.
The rapid growth in the industrial and construction sectors across developing countries like India, China, Indonesia, Malaysia, and Thailand is poised to drive significant demand in the global market. Policies such as India's Make in India initiative and China's Open Door Policy are attracting international industries to invest in these burgeoning markets, further fueling industrial expansion. This growth is evident in sectors like mobile manufacturing, where companies such as Huawei, Foxconn, and Spice Group have established production units in India to leverage policy benefits. Advancements in industrial automation are enhancing efficiency across various sectors, including the adoption of technologies like laundry folding machines. These developments underscore the region's dynamic economic landscape and its role in driving global market growth, supported by robust industrial policies and strategic investments in manufacturing capabilities.
With advances in technology, bending machines in most of manufacturing units are getting automated to enhance the efficiency of manufacturing units. In addition, with the current automated systems, bending machines can perform all such processes according to preset values after the material is inserted. Furthermore, the new machines have automatic tool-changing mechanisms.
Moreover, these new systems enable the automatic changing of tools according to the requirement. In addition, there are highly advanced automated systems that are capable of doing angle corrections. Furthermore, these systems help to avoid multiple cycles of bending to achieve the desired bending angle. Hence, such factors are driving the market growth during the forecast period.
A major challenge in designing and manufacturing bending machines is handling the operator's safety. In addition, bending machines work with high power, which necessitates the need for safety measures. For instance, in most of the processes, the laborer has to put the metal sheet to the press brakes or feed the tube in the case of rotator or roller machines.
Moreover, the machine draws the metal with high power, and there is a high chance of the operator's hands being trapped inside the machine. In addition, fully automatic and robotic bending machines are overcoming the challenge, but the cost incurred for such machines is high compared with traditional bending machines. Hence, such factors are negatively impacting the market. therefore, it is expected to hinder the market growth during the forecast period.
The automotive segment is estimated to witness significant growth during the forecast period. The automotive sector extensively utilizes bending machines for tube bending and sheet metal bending applications to maintain consistency and accuracy in production units and minimize operational costs. In addition, tube bending applications include bending brake lines and fuel lines.
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The automotive segment was the largest segment and was valued at USD 2.52 billion in 2018. Moreover, conventional bending machines fail to complete this bending process; when the bending line measures more than two meters in length, the operator has to support the line by hand to prevent the tube from whipping due to the bending motion. In addition, with the invention of computerized numerical control (CNC) dual-head bending machines, this issue was resolved, and human assistance is no longer needed for the bending process. Hence, such factors are fuelling the growth of this segment which in turn drives the market growth during the forecast period.
Based on the technology, the market has been segmented into hydraulic, mechanical, electric, and pneumatic. The hydraulic segment will account for the largest share of this segment. Hydraulic bending machines are designed to provide efficient and precise bending operations in various industries such as automotive, aerospace, construction, and manufacturing. Hydraulic bending machines leverage hydraulic power systems to generate force and control the bending process. In addition, these machines consist of a hydraulic cylinder, hydraulic pump, control valves, and a hydraulic fluid reservoir. Moreover, the hydraulic cylinder applies force to the metal workpiece, causing it to bend according to the programmed specifications. Furthermore, one of the key advantages of hydraulic bending machines is their ability to generate high levels of force, enabling them to bend thick and rigid materials with ease. Hence, such factors are fuelling the growth of this segment which in turn drives the market growth during the forecast period.
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APAC is estimated to contribute 42% to the growth by 2028. Technavio's analysts have provided extensive insight into the market forecasting, detailing the regional trends and drivers influencing the market's trajectory throughout the forecast period. The growth in automotive production will contribute significantly to the market share growth in APAC. In addition, China, Japan, South Korea, and Taiwan are the major contributing countries. Moreover, factors such as the favorable business landscape, the efficient administrative setup, the highly attractive foreign policies, and low-cost and skilled labor are fuelling the growth of the market in APAC. Furthermore, there has been substantial growth in the manufacturing sector over the last five years. Hence, such factors are driving the market growth in APAC during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Bystronic Laser AG: The company offers bending machines such as ByBend Smart, ByBend Star 120 which are compact and powerful bending machine that is perfect for small to medium sized businesses and Xpert Pro, Xpert 250 1000 which are perfect for bending thick metal sheets.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:
DANOBAT GROUP S. Coop., Dr. Hochstrate Maschinenbau Umformtechnologien GmbH, EUROMAC Spa, Haco NV, HAEUSLER AG Duggingen, Inductaflex Ltd., LVD Co. nv, Murata Machinery Ltd., Numalliance, Promau S.r.l., SafanDarley BV, Schnell Spa, Schwarze Robitec GmbH, Stierli Bieger AG, transfluid Maschinenbau GmbH, and TRUMPF SE Co. KG
Technavio market forecast the an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The market analysis and report forecasts market growth by revenue at global, regional & country levels and provides a market growth analysis of the latest trends and growth opportunities from 2018 to 2028.
The bending machine market is witnessing significant advancements in both linear and rotating move capabilities, enabling versatile bending operations for various materials like pipes and bars. Bending machines facilitate form-bound bending as well as free-form bending processes, utilizing methods such as heating and cold forming under mechanical force. These machines cater to a wide range of stock material including tubes and pipes, offering manual and semi-automatic operation modes to suit diverse production needs.
With a focus on minimizing errors and enhancing efficiency, induction technology is increasingly integrated into bending machines, driving industrialization across sectors like the automotive industry and residential construction. The demand for bending machines, especially press brakes, is particularly pronounced in automotive manufacturing, where precise bending is crucial for fabricating components. In the residential sector, bending machines play a vital role in creating customized structures due to their versatility and precision. As technology advances, the market for bending machines remains dynamic, characterized by continuous product innovations and developments aimed at meeting the evolving demands of various industries. These advancements ensure that modern bending machines uphold standards of precision, reliability, and productivity, further solidifying their importance in industrial and construction applications globally.
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Bending Machine Market Scope |
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Report Coverage |
Details |
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Page number |
176 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.27% |
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Market Growth 2024-2028 |
USD 2.40 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
4.69 |
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Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
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Performing market contribution |
APAC at 42% |
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Key countries |
US, China, Japan, Germany, and UK |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
AMADA Co. Ltd., AMOB Group, BLM S.P.A., Bystronic Laser AG, DANOBAT GROUP S. Coop., Dr. Hochstrate Maschinenbau Umformtechnologien GmbH, EUROMAC Spa, Haco NV, HAEUSLER AG Duggingen, Inductaflex Ltd., LVD Co. nv, Murata Machinery Ltd., Numalliance, Promau S.r.l., SafanDarley BV, Schnell Spa, Schwarze Robitec GmbH, Stierli Bieger AG, transfluid Maschinenbau GmbH, and TRUMPF SE Co. KG |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Technology
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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