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:
The Automated Bending Machine Market study provides an in-depth analysis of the competition, including company profiles and market share data for the major rivals in the international market. The research’s scope covers a complete examination of the Automated Bending Machine Market as well as the causes of regional variances in the industry’s growth.
Automated Bending Machine Market Scope:
In order to find and gather extracts suitable for this study, this market report extensively consults secondary sources, directories, and databases, including annual reports, press releases, journals, business websites, and other databases.
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Automated Bending Machine Market Drivers:
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.
Automated Bending Machine Market Segmentation:
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
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Automated Bending Machine Market Key Players :
Examining the financial reports of the major market players is a necessary step in the entire process. After determining the size of the overall market, the market was divided into a number of segments and sub-segments, and these divisions were approved by important business leaders like CEOs, VPs, directors, and marketing executives. The following are the major participants in the konjac market:
• 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)
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Regional Analysis:
The geographical overview of the Automated Bending Machine Market report also includes the specific market influencing factors and changes in market legislation that affect current and future market trends. In order to evaluate the full market potential and identify lucrative trends in order to have a more secure footing, current and future trends are studied. Based on the current environment and anticipated trends, the geographic market evaluation is made.
COVID-19 Impact Analysis on Automated Bending Machine Market :
End-user industries using Automated Bending Machine Market experienced a fall in growth from January to May due to a pause in operations in a number of nations, including China, Italy, Germany, the United Kingdom, the United States, Spain, France, and India. The demand for Automated Bending Machine Market manufacturers thus decreased significantly, which had an impact on the Automated Bending Machine Market’s growth in 2020. This led to a significant decline in the revenues of businesses involved in these industries. Lockdowns and an increase in COVID-19 incidents globally have significantly reduced end-user company demand for Automated Bending Machine Market.
Key Questions Answered in the Automated Bending Machine Market Report are:
- Which segment had the largest share in the Automated Bending Machine Market in 2021?
- What is the competitive landscape of the Automated Bending Machine Market ?
- Which are the key drivers aiding the Automated Bending Machine Market growth?
- Which region has the maximum share in the Automated Bending Machine Market ?
- What will be the CAGR of the Automated Bending Machine Market during the forecast period (2022-2027)?
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