Industry Outlook

As a significant role to play, bending machines never lost their edge from metal forming and shaping processes. However, bending machines went through a lot of evolution since their first introduction in their mechanical version. Bending machines have grown more sophisticated and accurately automated machines, unlike the conventional hydraulic or pneumatic, powered. Consequently, the demand for modern bending machines is gaining momentum from past few years. The overall bending machines market is projected to grow consistently throughout the forecast period with a CAGR of XX%.

"CNC Bending Machines Soon to Take Over Global Bending Machines Market"

At present, CNC bending machines registered the fastest growth in terms of market value. Although the overall market is dominated by conventional bending machine, CNC bending machines are expected to overpower 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. Conventional bending machines are projected to stay dominant in developing regions such as Asia Pacific, Middle East & Africa and Latin America.

"Automotive and Industrial Manufacturing & Processing Industry Confront Each Other As the Market Leader In End-use Industry Segment"

Bending of metal is a vital process in both automotive and industrial manufacturing and processing industries. Consequently, the aforementioned end-use industries emerged as the most valued contributors in overall bending machines market. Soaring demand for consumer goods and automotive are expected to further encourage the demand for new and improved bending machines in coming years. Besides, building and construction, power generation and oil & gas end-use industries also contribute notable share in the market and estimated to grow at a steady rate throughout the forecast period from 2018 to 2026.

"Asia Pacific Holds Huge Potential for the Bending Machines Market"

Home to rapidly developing countries, Asia Pacific dominantly contributes market share in the global bending machines market in 2017. Countries such as China, India, and South Korea are exploring new and advanced industrial automation avenue to boost their production capacity and achieve high degree of accuracy. Consequently, the region is quite optimistic in terms of market growth. North America and Europe trails Asia Pacific in terms of market value. Major manufacturing is also eyeing Middle East and Latin America region as another promising market for bending machines market in coming years.

"Fragmented Market and Stiff Competition Axing the Profit Margins of Major Vendors"

With proper planning and well-executed business strategies, bending machine companies can overcome over the stiff competition of this fragmented market. Developing new and improving bending on CNC and industrial automation platform is also one of the vital strategies adopted by the leading vendors. Some of the key bending machines vendors profiled in this research study include AMOB (Portugal), Baileigh Industrial, Inc. (the U.S.), Chiao Sheng Machinery Co., Ltd. (Taiwan), Chiyoda Kogyo Co., Ltd. (Japan), Electropneumatics & Hydraulic Private Limited (India), Pines Engineering & H&H Tooling (the U.S.), Promau S.r.l. (Italy), Shuz Tung Machinery Industrial Co., Ltd. (China), SOCO Machinery Co., Ltd. (Taiwan), SweBen (Sweden), Sharpe Products (the U.S.), Thorson Industries (India) among others.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Bending Machines market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Bending Machines market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Bending Machines market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Bending Machines market?
• Which is the largest regional market for Bending Machines market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Bending Machines market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Bending Machines market worldwide?