Demand for cutting and bending machines in Germany is expected to increase by 5.6% CAGR from 2022 to 2032 on a value basis. Automotive industry holds around 30% of the total market share, making it the most lucrative end use segment for market players.
NEWARK, Del., Nov. 28, 2022 /PRNewswire/ -- According to Future Market Insights, the global cutting and bending machine market is set to be valued at over US$ 8,238.3 Mn in 2022. Furthermore, overall sales of cutting and bending machines are projected to increase at over 7.1% CAGR from 2022 to 2032, totaling a valuation of US$ 16,383.6 Mn by 2032.
Increasing applications of cutting and bending machines in the automotive industries, metal fabrication, electrical and electronics, and several other sectors is a key factor triggering the growth of the global cutting and bending machine market.
Among these, rapid growth in the automobile sector is expected to play a crucial role in boosting the sales of cutting and bending machines. Metals are widely used in vehicle manufacturing, which is boosting the demand for cutting and bending machines constantly.
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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.
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 Mn 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 Mn 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.
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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
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About Future Market Insights – Industrial Automation
The Industrial Automation division of Future Market Insights offers a novel approach and innovative perspective in analyzing the industrial automation market. Comprehensive coverage of capital, portable, process, construction, industrial, and special-purpose machinery across the manufacturing sector and distinctive analysis of the installed base, consumables, replacement, and USP-feature-application matrix make us a pioneering voice in the industry. We are preferred associates with established as well as budding industry stakeholders and channel partners when it comes to sustaining, growing, and identifying new revenue prospects.
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Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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SOURCE Future Market Insights
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