Automated Bending Machine Market: Global Industry Analysis and Forecast (2023-2029)

Automated Bending Machine Market size was valued at US$ 2.17 Bn. in 2022 and is expected to grow at 4.5% through 2023 to 2029, reaching nearly US$ 2.95 Bn.
Automated Bending Machine Market Overview:
Metal bending has long been considered one of the most important properties in the metalworking industry. The term "bending machine" refers to a collection of tools & automated systems that are used to solid-draw metal without welding. These machines bend or mould metals into the necessary shapes and sizes. Because of the rising need for iron and steel metal in the construction and transportation industries, the market for automated bend machines is expected to grow.

Metallic items created and shaped during the metal fabrication process include tubes, bars, wires, angles, "T" profiles, "U" profiles, and beams. There are complex bending machine models used in industries for bulk bending processes, as well as low-volume bending machine models used in small workshops or tool rooms on the working site.

They include pipe bending, plate bending, metal sheet bending, and other types of bending machinery. Each product has its own specific machine due to mechanical characteristics such as strength, rigidity, and toughness. Metal bending has advanced rapidly from traditional mechanical bending to modern CNC bending machines. Due to sustained growth in multiple industries such as oil and gas, manufacturing, automotive, and building and construction, there is a high demand for new and better bending machines.To know about the Research Methodology :- Request Free Sample Report
Automated Bending Machine Market Dynamics:
The great safety and accuracy offered by programmable bending contribute to the automated bending machine market's growth. However, market expansion is hampered by high maintenance costs and the necessity for experienced operators.

Driving Factors:

The steady growth in numerous industries including as oil and gas, manufacturing, automotive, and building and construction has boosted sales of automated bending machines. Increased metalworking processes have resulted in a new class of tools and automated systems for shaping metal in a solid-drawn manner without the use of welding, which is expected to contribute to the automated bending machine market share rise.
Highly advanced bending machine models utilised in industries for bulk bending operations, as well as those employed in low production processes in small workshops or tool rooms on a job site, are some of the significant automated bending machine market trends driving demand. Metal bending has progressed quickly from conventional mechanical bending to contemporary CNC bending equipment. Pipe bending, plate bending, metal sheet bending, and other forms of bending machinery are available. Because each machine has its own mechanical features such as strength, rigidity, and toughness, each product has its own dedicated machine.

The market for automated bending machines may develop because to the high demand for iron and steel metal in the building and transportation sectors. Furthermore, during the projection period, demand for automated bending machines would be boosted by significant growth in oil and gas, manufacturing, automotive, and building and construction.

Restraining Factors:

The report examines the variables that are boosting automated bending machine sales, as well as the potential for market players. The automated bending machine market, on the other hand, confronts several constraints that may prevent market share from achieving its full potential. Due to the presence of legacy bending machines and the higher cost of automated bending machines compared to manually operated machines, automated bending machines are not affordable to many small and medium-sized businesses around the world, resulting in low adoption rates of automated bending machines in various regions.
Automated Bending Machine Market Segment Analysis:
Based on Type, The Automated Bending Machine Market is segmented into automatic and semiautomatic on the basis of type. During the forecast period, automatic type bending machines are likely to be substantial contributors to the automated bending machine market.

Since they load and unload workpieces that need to be bent, automatic type bending machines are simple to use. Automatic loading and unloading are advantageous and useful when the workpiece is large and complex in shape. The workpiece must be manually fed into semiautomatic type bending machines, making them cumbersome. As a result of their ease of use and high precision, the market for automatic type bending machines is likely to continue to grow faster than the market for semiautomatic type bending machines.

Based on Technology, The Automated Bending Machine Market is segmented into Electric, Hydraulic, Pneumatic, and Induction Based on the basis of technology. During the projected period, electric bending machines is expected to account for the highest share of the automated bending machine market. Electric bending machines are chosen over hydraulic, pneumatic, and induction-based bending machines for bending tubes/pipes, metal sheets, and bars due to their excellent accuracy, ease of use, and low power consumption. The automobile, aerospace, construction, and shipbuilding industries all use electric bending machines. Precision is necessary in the aerospace sector when massive workpieces must be bent. Electric bending machines are not only more precise but also more energy efficient than traditional types of bending machines. Furthermore, electric bending machines are less expensive than bending machines based on other technologies, increasing demand for electric bending machines.

Based on Application, The Automated Bending Machine Market is segmented into Tube/Pipe, Metal Sheet and Bar on the basis of application. During the forecast period, the tube/pipe bending application is expected to increase at the fastest rate. The aerospace, shipbuilding, automobile, and construction industries all use a massive network of tubes and pipes. Gas, liquid, or solid substances are transported or channeled through these tubes or pipelines. Tubes or pipes come in a variety of sizes and must be bent in various positions depending on the use. A few applications in the aerospace sector necessitate accurate tube/pipe bending. Roll benders are frequently used to bend tubes or pipes. Tube/pipe benders with automatic pipe loading and unloading mechanisms are available.

Based on Industry, The Automated Bending Machine Market is segmented into Automotive, Shipbuilding, Aerospace, Construction & Mining and Others on the basis of industry. In 2022, the automotive industry is expected to have the biggest proportion of automated bending machines.

The automated bending machine significantly reduces cycle time, and if the application is symmetric, the automated bending machine reduces manufacturing cycle time even more. The automotive sector has experienced substantial growth as a result of the modern notion of autonomous cars. Newer technical trends, such as electric and hybrid vehicles, in-vehicle management systems, autonomous vehicles, and passenger safety systems, are being introduced to the automotive industry. As a result, the automated bending machine market for the automotive industry is expected to rise in forecast period.
Automated Bending Machine Market Regional Insights:
By the end of 2029, Asia Pacific is expected to be the largest market for automated bending machines. Developed countries like Japan and developing countries like India and China lead Asia Pacific. Due to reasons such as the increase of small and mid-sized businesses, as well as the region's rising economy, Asia Pacific is a promising market for automated bending machines. Asia Pacific's economic infrastructure is improving, which would have a direct impact on the market for automated bending machines. The automated bending machine market in Asia Pacific is driven by the presence of all major firms, strong industrial demand, and a strong supply side. Technological advancements are credited for driving market expansion in this region.

The world's top automakers are concentrating their manufacturing operations in Asia Pacific, with some even selling customised electric and hybrid automobiles in this region. The shipbuilding industry has relocated from Europe to Asia. The majority of shipbuilding is centred in Asia Pacific countries such as Korea, Japan, and China (more than 80%). Automated bending machines are also used by a handful of the most important shipbuilding businesses in Asia Pacific. However, due to continual growth in the industrial and oil and gas industries, North America maintains a consistent growth rate during the forecast period.

Germany is the market leader in automated bending machines. The Machine Tools industry accounts for the majority of income.

The objective of the report is to present a complete picture of global Automated Bending Machine market. Data from past years is compiled to anticipate the future prospects of this market. Porter's five forces help to identify where power lies in a business situation. This is useful both in understanding the strength of an organisation's current competitive position, and the strength of a position that an organisation may look to move into. The report helps in identifying competitive rivalry currently running in the Automated Bending Machine market. It also helps to understand bargaining power of suppliers and consumers.

The report also presents PESTLE analysis which helps to gain a macro picture of Automated Bending Machine market. Political factors help to identify the influence of government over Automated Bending Machine market. Economic factors a have direct impact on a company’s long-term prospects in a market. The economic environment may affect how a company dealing in Automated Bending Machine price their products or influence the supply and demand model. Social factors, such as demographics and culture can impact the Automated Bending Machine market by influencing peak buying periods, purchasing habits, and lifestyle choices. Technological factors may have a direct or an indirect influence on an industry. The legal and regulatory environment can affect the policies and procedures of an industry, and can control employment, safety and regulations. Environmental factors include all those relating to the physical environment and to general environmental protection requirements.
Automated Bending Machine Market Scope: Inquire before buying



Global Automated Bending Machine Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2017 to 2022
Market Size in 2022:
US $ 2.17 Bn.


Forecast Period 2023 to 2029 CAGR:
4.5%
Market Size in 2029:
US $ 2.95 Bn.


 Segments Covered:
by Type
• Automatic
• Semiautomatic


by Technology
• Electric
• Hydraulic
• Pneumatic
• Induction Based


by Application
• Tube/Pipe
• Metal Sheet
• Bar


by Industry
• Automotive
• Shipbuilding
• Aerospace
• Construction & Mining
• Others



Automated Bending Machine Market, by Region
• North America (United States, Canada and Mexico)
• Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
• Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
• Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
• South America (Brazil, Argentina Rest of South America)
Automated Bending Machine Market, Key Players are:
• Euromac (Italy)
• Pines Engineering & H&H Tooling (US)
• SOCO Machinery (Taiwan)
• TRUMPF GmbH + Co. KG (Germany)
• AMADA HOLDINGS Co., Ltd. (Japan)
• HACO BV (Belgium)
• Bystronic Laser AG (Germany)
• Prima Industrie S.p.A. (Italy)
• DANOBAT GROUP (Spain)
• WAFIOS AG (Germany)
• BLM Group (Italy)
• transfluid® Maschinenbau GmbH (Germany)
• AMOB (Portugal)
• Jaypee Group (India)
• Gensco Equipment (US)
• Eurobend (Germany)
• MEP Group (Italy)
• Progress Maschinen & Automation (Italy)
• Henan Sinch Machinery (China)
• TJK Machinery (China)
• Chengdu Gute Machinery Works (China)

Frequently Asked Questions:

1. What is the CAGR of the Automated Bending Machine Market in the forecast period (2023-29)?
Ans. Automated Bending Machine Market revenue is expected to grow at 4.5% through 2023 to 2029.

2. Who are the key players in the Automated Bending Machine Market?
Ans. Euromac (Italy), Pines Engineering & H&H Tooling (US), SOCO Machinery (Taiwan), TRUMPF GmbH + Co. KG (Germany), AMADA HOLDINGS Co., Ltd. (Japan), HACO BV (Belgium), Bystronic Laser AG (Germany), Prima Industrie S.p.A. (Italy), DANOBAT GROUP (Spain), WAFIOS AG (Germany), BLM Group (Italy), transfluid® Maschinenbau GmbH (Germany), AMOB (Portugal), Jaypee Group (India), Gensco Equipment (US), Eurobend (Germany), MEP Group (Italy), Progress Maschinen & Automation (Italy), Henan Sinch Machinery (China), TJK Machinery (China) and Chengdu Gute Machinery Works (China) are the key players in Automated Bending Machine Market.

3. Which product type is dominating the Automated Bending Machine Market?
Ans. Automatic type is dominating the Automated Bending Machine Market.

4. What segments are covered in the Automated Bending Machine Market report?
Ans. The segments covered in Automated Bending Machine Market report are based on type, application, technology, industry and region.

5. What is the forecast period for the Automated Bending Machine Market?
Ans. The forecast period for the Automated Bending Machine Market is 2023-2029.