PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1617085
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1617085
According to Stratistics MRC, the Global Automated Bending Machine Market is accounted for $2.5 billion in 2024 and is expected to reach $3.5 billion by 2030 growing at a CAGR of 5.7% during the forecast period. An automatic bending system is a CNC (Computer Numerical Control) device designed for precision bending of steel sheets and tubes. It makes use of pre-programmed commands to govern the bending technique, making sure of correct and repeatable results. These machines can take care of complicated geometries and are prepared with sensors and robot palms for automation. By lowering human intervention, they enhance performance, lessen mistakes, and grow productivity, making them vital in industries like automotive, aerospace, and creation.
High precision and efficiency
Automated bending machines offer superior precision and efficiency compared to manual systems, making them highly attractive for industries that require high-quality, consistent results. The ability to produce complex shapes with minimal human intervention enhances productivity, reduces errors, and improves product quality. This precision is crucial in sectors like automotive, aerospace, and construction, driving demand for automated systems that can consistently meet tight tolerances and streamline manufacturing processes, contributing to market growth.
Complexity in operation and maintenance
The complexity involved in operating and maintaining automated bending machines can be a significant barrier for adoption, especially for small and medium-sized enterprises. These systems require specialized knowledge and skills to operate effectively, increasing the need for trained personnel and raising labor costs. Additionally, the maintenance of such advanced machinery can be expensive and time-consuming, leading to downtime and reduced productivity, which may deter potential users from investing in automated bending machines.
Growing industrial demand
The growing demand across industries such as automotive, metalworking, and construction presents a significant opportunity for the automated bending machine market. As manufacturing processes become more automated, the need for precise, reliable, and efficient bending solutions rises. These industries require high-volume, high-quality production that can meet the demands of both mass production and custom designs. As industrial sectors expand and evolve, the demand for advanced bending technologies will continue to surge, further driving market growth.
Volatile raw material prices
The volatility of raw material prices can negatively impact the automated bending machine market. Fluctuating costs of metals and other materials can lead to higher manufacturing costs, which may, in turn, raise the prices of automated bending machines. This could restrict market access, especially for smaller players with limited budgets. Additionally, the uncertainty around material prices may lead to unpredictable manufacturing costs, making it challenging for companies to budget and plan effectively.
The Covid-19 pandemic caused significant disruptions in global supply chains, affecting the availability of raw materials and components needed for manufacturing automated bending machines. The slowdown in industrial activities during lockdowns led to a temporary decline in demand. However, as industries recover and adapt to new manufacturing trends, the market is expected to bounce back, supported by increased automation efforts to improve efficiency and reduce reliance on manual labour.
The automatic segment is expected to be the largest during the forecast period
The automatic segment is anticipated to dominate the market share during the forecast period, driven by its ability to provide high efficiency, precision, and reduced operational costs. Automated systems minimize human error and require less labor, making them more attractive for industries looking to scale production without sacrificing quality. Their versatility across various applications, including automotive and aerospace, positions the automatic segment as the largest contributor to market growth.
The electric segment is expected to have the highest CAGR during the forecast period
The electric segment is predicted to witness the highest growth rate during the forecast period due to the increasing shift toward energy-efficient and sustainable technologies. Electric-powered bending machines offer advantages such as lower energy consumption, reduced carbon emissions, and less maintenance compared to hydraulic systems. With growing environmental regulations and a focus on reducing operational costs, the electric segment is poised for significant expansion in the coming years.
During the estimation period, the Asia Pacific region is anticipated to dominate the market share. The region's strong manufacturing base, particularly in countries like China, Japan, and India, drives the demand for automated bending machines. The rapid industrialization and the increasing adoption of automation technologies across industries such as automotive, aerospace, and construction further contribute to Asia Pacific's market leadership.
The Asia Pacific region is also expected to register the highest CAGR during the forecast period. The growing manufacturing capabilities, the push for industrial modernization, and rising demand for automation solutions in countries like China and India are key factors fueling the region's robust growth. Additionally, the expanding construction and automotive sectors in this region contribute significantly to the adoption of automated bending technologies.
Key players in the market
Some of the key players in Automated Bending Machine Market include TRUMPF, AMADA HOLDINGS, HACO BV, Prima Industries, DANOBAT GROUP, WAFIOS, BLM Group, AMOB, Euromac, Pines Engineering, SOCO Machinery, Jaypee Group, Gensco Equipment, Eurobend, MEP Group, Progress Maschinen & Automation, and Henan Sinch Machinery.
In November 2024, BLM GROUP, a leader in tube processing, with an offer of cutting-edge technologies in the laser and tube bending systems sector, has signed an agreement with Hypertherm Associates, a leader firm in plasma and waterjet technologies. The agreement will see Hypertherm Associates acquire a minority stake in BLM GROUP, bringing with it commercial synergies and expansion into new markets, which will initially focus on Europe and North America.
In September 2024, Siemens, the global technology company leader in industrial automation and digitalization, and Prima Power, the world-class manufacturer of sheet metal working machinery and 3D laser cutting technology, are proud to announce the result of an intensified collaboration that is redefining standards in the automotive manufacturing industry. This collaboration has led to the integration of Siemens' leading numerical control system, SINUMERIK ONE, into the latest model of Prima Power's flagship 3D laser cutting machine, Laser Next.
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.