Metal Sheet Bending Machine Market Is Estimated To Grow At A CAGR Of 5.9% Within The Forecast Period Of 2023-2030: Cognitive Market Research Themarketpublicist

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Metal Sheet Bending Machine Market Size, Share & Trends Analysis Report, By Type (Manual, Semi-automatic and Automatic), By Application (Automobile, Electronics, Aerospace, Construction, Consumer Goods, Machine Manufacturing, Shipbuilding and Energy & Power), By Technology (Mechanical, Hydraulic, Pneumatic and Electromechanical), By Control System (CNC, NC and Conventional), By Distribution Channel (Online and Offline), By Region, And Segment Forecasts, 2023 – 2030

Market Overview

The steady growth in a number of industries, including oil and gas, manufacturing, automotive, building, and construction, has increased sales of metal sheet bending equipment. The development of a class of tools and systems for solid-drawn metal shaping without the need for welding is a result of increased metalworking processes, and this development is expected to support the expansion of the market for metal sheet bending machines.

Some of the key metal sheet bending machine market trends driving demand for metal sheet bending machines include highly sophisticated bending machine models used in industries for bulk bending processes as well as those used in low production processes in small workshops or tool rooms on a work site.

Market Summary :

• The rise in the automotive industry promotes market growth for metal sheet bending machines.
• Increasing investments in the construction industry will further promote market growth.
• The pneumatic type metal sheet bending machine category is expected to grow fastest by technology category.
• Asia Pacific dominates the metal sheet bending machines market, whereas the North American metal sheet bending machines market will experience the strongest growth until 2030.

How COVID–19 Impacted the Metal Sheet Bending Machine Market?

The manufacturing industry, particularly the automotive and aerospace sectors, has been severely harmed by the COVID-19 pandemic. The market for metal sheet bending machines has fallen in recent years due to a decline in capital spending and industrial activity, both of which have constrained the sector's ability to expand. Some sectors shifted their manufacturing focus to essentials or medical equipment in response to the epidemic. It had a negative impact on the demand for metal bending equipment. When economies recover from the pandemic's effects and the lockdown restrictions are lifted in all countries, manufacturing activity is expected to pick up steam. The expansion of certain industrial facilities is also predicted to influence the installation and use of bending machines.

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MARKET DYNAMICS: KEY DRIVERS

Rise in Urbanisation is Fueling the Market

Population growth in developing nations like China, India, and the United States has sped up urbanization and industrialization, which is anticipated to accelerate the development of the residential, manufacturing, and industrial sectors and enhance demand for metal sheet bending equipment. By 2050, the UN estimates that almost 68% of the world's population will reside in urban regions. This is anticipated to enhance global infrastructure and construction activity as well as the need for automatic bending equipment.

Increased Demand in Automotive and Software Investments by Key Players Will Promote Market Growth

Metal sheet bending equipment is essential to the automotive sector since it speeds up production compared to hand-bending machinery. The demand for electric and hybrid vehicles in the automotive industry is rising. The need for cleaner fuels has led to the creation and development of new technologies in the automotive industry, which calls for sophisticated and automated machinery to ensure that parts are produced precisely and accurately. Furthermore, a lot of important players are spending money on improving software for automatic machinery. These CAD/CAM and CNC coding programmes aid in automating processes and lower the rejection rate of manufactured items.

• For instance, TRUMPF purchased TRUMPF Metamation Pvt. Ltd., a business that creates CAD and CAM software programs and machine control solutions. With enhanced software, TRUMPF has strengthened its automatic machine software portfolio.

MARKET DYNAMICS: KEY RESTRAINTS

Decreasing Margins due to Reduced Manufacturing Costs Hamper the Market

Since there are still manual metal sheet bending machines in use and because automatic metal sheet bending machines are more expensive than manually operated metal sheet bending machines, many small and medium-sized businesses worldwide still need to adopt them. This results in low adoption rates of automated metal sheet bending machines across different regions.

Segment Insights

Type Segment Analysis

According to Cognitive Market Research, the automatic segment had the most revenue in 2023 and is anticipated to grow at the fastest CAGR throughout the forecast period for the metal sheet bending machine market. In the shipbuilding, automobile, and aviation industries, automatic bending machines are extensively employed. Ship frames are created using the automatic bending machine by bending ship profiles. Additionally, it is utilized in the automobile industry because it has a shorter cycle time than manual bending machines. Heavy and precise pieces need to be manufactured, which can be done using an automatic bending machine.

Technology Segment Analysis

According to Cognitive Market Research, the hydraulic section brought in the most revenue in 2023. Compared to other technological varieties, hydraulic metal sheet bending machines offer great bending accuracy. In order to turn thicker metal sheets, a hydraulic metal sheet bending machine uses a pressure sequence that is produced by a hydraulic engine. The device has dies so that the bending can continue, and it also has clamping cylinders so that the material won't escape the clamps.

The pneumatic technology segment is expected to grow at the fastest rate during the forecast period as pneumatic metal sheet bending machines are applicable for less thicker metal sheets as well as for small and medium-scale operations. Additionally, the demand for pneumatic metal sheet bending machines will be at its highest during the projection period due to the significant rise in the oil and gas, manufacturing, automotive, building, and construction industries.

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Application Segment Analysis

Most automobile businesses previously relied on manual bending techniques up until the 1980s for a variety of applications, including bending brake lines and fuel lines. In 1985, automatic bending devices were introduced. The automatic metal sheet bending machine significantly reduces the cycle time, and if the application is symmetric, it further reduces the manufacturing cycle time. With the advent of autonomous vehicles, the automotive sector has experienced rapid expansion. Newer technical advancements are being introduced to the automobile industry, including electric and hybrid cars, in-vehicle management systems, autonomous vehicles, and passenger safety systems. As a result, the market for metal sheet bending machines for the automobile sector is expanding in 2023.

According to Cognitive Market Research, construction is the industry with the fastest anticipated growth. Increased urbanization, population expansion, technology improvements, the need to maintain existing infrastructure, and a growing emphasis on creating sustainable green projects are the key factors impacting the industry's growth. Additionally, as a result of an increase in construction projects and anticipated new expenditures in the construction industry, the market for construction equipment has gradually expanded with an increase in recent equipment sales.

Distribution Channel Segment Analysis

Metal sheet bending machines are generally used for commercial purposes, and hence, most of the customers are industrial users. Industrial or commercial customers prefer purchasing industrial equipment or bending machines through live examination. Therefore, the offline segment dominates the market.

According to Cognitive Market Research, in contrast, the online component is expected to grow at the fastest rate due to the increasing e-commerce industry growth experienced in recent years.

Control System Segment Analysis

Since a CNC metal sheet bending machine produces identical products without any difference, the CNC segment dominated the market in 2023. They raise both operational safety and production. Numerical control and computers are combined to make CNC. It makes use of memory register-based internal microprocessors (computers). Numerous routines that can successfully alter logical functions are stored in the memory registers. As a result, a machine operator can change the control's software. It is quite advantageous for CNC machines. Logical operations and programs are saved by CNC machines on specialized computer system chips. They are referred to as software for this reason.

The NC system contributes to increasing the machine's useful working time. Additionally, removing ineffective system motions like tool changes and workpiece handling time helps to reduce non-productive time. Hence, the NC segment is expected to grow at a faster CAGR during the forecast period.

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Which Region Dominates the Metal Sheet Bending Machine Market in 2023 and is Expanding at the Fastest CAGR?

Developed nations like Japan and developing nations like India and China are in charge of the APAC region. APAC is a promising market for metal sheet bending machines because of factors like the expansion of small and mid-level businesses and the region's expanding economy. The demand for metal sheet bending machines will be directly impacted by the strengthening of APAC's economic infrastructure. The presence of all major corporations, high industrial demand, and strong supply side drive the automatic bending machine market in APAC. Additionally, the largest automakers in the world are focusing their manufacturing operations in Asia Pacific, and some of them are even selling specially designed electric and hybrid vehicles here. Europe's shipbuilding sector has moved to Asia. More than 80% of shipbuilding is concentrated in Asia Pacific nations, including China, Japan, and Korea. A few of the most significant shipbuilding companies in Asia Pacific also employ metal sheet bending equipment. However, North America maintains a constant growth rate during the forecast period due to ongoing growth in the industrial and oil and gas industries.

COMPETITIVE LANDSCAPE: METAL SHEET BENDING MACHINE MARKET

Leading business players are investing a lot of money in R&D to broaden their product offerings, which will encourage the market for metal sheet bending machines to grow even more. The introduction of new products, contracts, mergers and acquisitions, increased investments, and cooperation with other companies are all significant market changes. Additionally, market participants are taking a number of strategic steps to broaden their reach internationally. Because the market for metal polishing equipment is getting more competitive, the company needs to offer items that are reasonably priced to expand and survive.

• September 2020: Arzenek Stanko s.p. unveiled a new line of hydraulic bending machines with two distinct bending capacities and a revamped hydraulic, bending and cutting system. While the second option permits the cutting and bending of steel up to 2.0 mm, the first only allows the bending of steel up to 1.5 mm.
• August 2021: In the future, TRUMPF will work more closely with STARMATIK, an Italian expert in robot automation of sheet metal processing equipment. Recently, the two businesses stated that they had agreed to that effect.

Some Prominent Players in the Global Metal Sheet Bending Machine Market Include :

• Sahinler Metal
• AMANDA
• TRUMPF
• Koritnik Kovinarstvo Peskanje
• Adendorff
• ROJEK(CZ)
• CIDAN Machinery Americas
• HM Transtech
• DANOBAT GROUP
• WAFIOS AG
• BLM Group
• AMOB
• Jaypee Group
• Gensco Equipment
• Eurobend
• MEP Group
• Progress Maschinen & Automation
• Henan Sinch Machinery
• TJK Machinery
• Chengdu Gute Machinery Works

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SEGMENTATION: Metal Sheet Bending Machine Market

Type Outlook :

• Manual
• Semi-automatic
• Automatic

Application Outlook :

• Automobile
• Electronics
• Aerospace
• Construction
• Consumer Goods
• Machine Manufacturing
• Shipbuilding
• Energy & Power

Technology Outlook :

• Mechanical
• Hydraulic
• Pneumatic
• Electromechanical

Distribution Channel Outlook :

• Offline
• Online

Control System Outlook :

• CNC
• NC
• Conventional

Regional Outlook :

• North America
  • The US.
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • South East Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America
• Middle East and Africa
  • GCC Countries
  • South Africa
  • Rest of MEA

Frequently asked questions about the global metal sheet bending machines market.

• What is the market size within the metal sheet bending machines sector for 2023?

Answer- In 2023, the global market size for metal sheet bending machines amounted to USD XX Billion.

• What is the projected growth rate for the metal sheet bending machines market throughout the forecast period?

Answer- A CAGR of 5.3% is predicted for the global market during the projection period.

• Which region has the largest market for metal sheet bending machines?

Answer- In 2023, Asia Pacific had the highest revenue share in the worldwide metal sheet bending machines market.

• Which region is anticipated to experience the quickest growth in the foreseeable future?

Answer- The metal polishing machines market will develop quickly in Europe over the next few years.

• Which nation will dominate the Asia Pacific metal polishing machines market in 2023?

Answer- In 2023, China held the biggest revenue share in the Asia Pacific metal sheet bending machines market.

• What are the main factors influencing the market for metal sheet bending machines?

Answer- Increasing demand across various applications, such as the automotive and construction industry.

• What is the largest metal sheet bending machine type segment?

Answer- The automatic type polishing machine segment market had the biggest share worldwide by type.

• What is the largest application segment in the market for metal sheet bending machines?

Answer- Regarding the application segment, the automotive sub-segment had a significant market share in 2023.

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