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 research provides a full competition picture, including market share and company profiles of the major players in the worldwide industry. The scope of the research covers a complete examination of the Automated Bending Machine Market , as well as the causes for variances in the industry’s growth in different areas.
Market Scope:
To locate and collect material appropriate for this study, this research study makes considerable use of secondary sources, directories, and databases such as annual reports, press releases, journals, corporate websites, and databases.
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Dynamics:
Sales of automated bending machines have increased as a result of the consistent expansion in many industries, including oil and gas, manufacturing, automotive, and building and construction. The development of new classes of tools and automated systems for solid-drawn metal shaping without the need for welding as a result of increased metalworking processes is anticipated to help the market share of automated bending machines increase.
Some of the key automated bending machine market trends driving demand include the use of highly sophisticated bending machine models in industries for bulk bending operations as well as those used in low production processes in small workshops or tool rooms on a project site.
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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Key Players: The entire approach involves a review of the financial reports of the major market participants. Following the determination of the overall market size, the complete market was divided into many segments and sub-segments and checked with key industry professionals such as CEOs, VPs, directors, and marketing executives. The major players in the Automated Bending Machine Market are
• 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)
Regional Analysis: The region portion of the Automated Bending Machine Market study also includes individual market affecting elements and changes in legislation in the market that affect present and future market trends. Current and future trends are discussed in order to estimate the entire market potential and to highlight profitable trends in order to obtain a firmer footing. Geographic market assessment is based on the existing scenario and predicted developments.
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COVID-19 Impact Analysis on Automated Bending Machine Market :
Following the outbreak of the pandemic, end-user sectors where Automated Bending Machine Market are used had a fall in growth from January to May in a variety of countries, including China, Italy, Germany, the United Kingdom, the United States, Spain, France, and India, due to a suspension in operations. This resulted in a major decrease in the revenues of firms operating in these industries and, as a consequence, in demand for Automated Bending Machine Market manufacturers, influencing the growth of the Automated Bending Machine Market in 2020. With lockdowns and a rising number of COVID-19 cases throughout the world, the demand for Automated Bending Machine Market from end-user businesses has decreased significantly.
Key Questions answered in the Automated Bending Machine Market Report are:
- Which are the major companies in the Automated Bending Machine Market ?
- Which is the potential market for Automated Bending Machine Market in terms of the region?
- What are the opportunities for new market entrants?
- What is expected to drive the growth of the market in the next seven years?
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