Bending machines have always played an important role in metal forming and shaping processes. However, bending machines have gone through a lot of evolution since their first introduction in their mechanical version. Bending machines have grown more sophisticated and accurately automated, unlike conventional hydraulic or pneumatically powered ones. Consequently, the demand for modern bending machines has gained momentum over the past few years. The overall bending machines market is projected to grow consistently throughout the forecast period with a CAGR of XX%.
Market Synopsis
CNC Bending Machines Will Soon Dominate the Global Bending Machines Market
At present, CNC bending machines have registered the fastest growth in terms of market value. Although the overall market is dominated by conventional bending machines, CNC bending machines are expected to overtake the sales of conventional bending machines. CNC bending machines are accurate, and with rapidly evolving industrial automation, several end-use industries are adopting CNC bending machines. Traditional bending machines are expected to maintain their dominance in developing markets such as Asia Pacific, the Middle East and Africa, and Latin America.
As the market leaders in the end-use industry segment, the automotive and industrial manufacturing and processing industries square off.
The bending of the metal is a vital process in both the automotive and industrial manufacturing and processing industries. Consequently, the aforementioned end-use industries emerged as the most valuable contributors to the overall bending machine market. Soaring demand for consumer goods and automotive is expected to further encourage the demand for new and improved bending machines in the coming years. Besides, building and construction, power generation, and oil and gas end-use industries also contribute a notable share of the market, which is estimated to grow at a steady rate throughout the forecast period from 2018 to 2026.
The Bending Machines Market in Asia Pacific Has Massive Potential
Asia Pacific, which is home to rapidly developing countries, dominated the global bending machine market in 2017. Countries such as China, India, and South Korea are exploring new and advanced industrial automation avenues to boost their production capacity and achieve a high degree of accuracy. Consequently, the region is quite optimistic in terms of market growth. North America and Europe trail Asia-Pacific in terms of market value. Major manufacturing is also eyeing the Middle East and Latin America as another promising market for bending machines in the coming years.
Market Segmentation
The profit margins of major vendors are being eroded by a fragmented market and stiff competition.
With proper planning and well-executed business strategies, bending machine companies can overcome the stiff competition of this fragmented market. Developing and improving bending on CNC and industrial automation platforms is also one of the vital strategies adopted by the leading vendors. Some of the key bending machine vendors profiled in this research study include AMOB (Portugal), Baileigh Industrial, Inc. (the United States), Chiao Sheng Machinery Co., Ltd. (Taiwan), Chiyoda Kogyo Co., Ltd. (Japan), Electropneumatics & Hydraulic Private Limited (India), Pines Engineering & H&H Tooling (the United States), Promau S.r.l. (Italy
Key questions are answered in this report.
What are the recent trends in the global market for bending machines and their impact on the different end-use industries dealing with metal forming processes?
How has the growth of CNC, as well as their demand for manufacturing and processing, created an optimal growth environment for the global and regional bending machine markets?
Which are the largest and fastest-growing segments in input product, machine type, mode of control, and end-use industries?
Which is the most attractive geographical region or country for the overall market for bending machines?
How will growing power demand play a crucial role in the overall market for bending machines in the coming years?
What are the market values, estimations, and tendencies in developing regions such as the Asia Pacific, the Middle East, Africa, and Latin America?
Frequently Asked Questions:
The market for Bending Machines is expected to reach XX Bn in 2026
The Bending Machines market is expected to see significant CAGR growth over the coming years, at XX%.
The report is forecasted from 2018-2026.
The base year of this report is 2017.
AMOB,Baileigh Industrial, Inc.,Chiao Sheng Machinery Co., Ltd.,Chiyoda Kogyo Co., Ltd.,Electropneumatics & Hydraulic Private Limited are some of the major players in the global market.
