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Bending Machine Market Trends

Report ID: GMI10675
Published Date: Aug 2024
Report Format: PDF

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Bending Machine Market Trends

Various industries, such as furniture, electronics, and consumer goods, are increasingly favoring customized and distinctive designs. Bending machines play a crucial role in enabling manufacturers to create intricate and visually appealing shapes and components. Their capability to work with a wide range of materials and execute complex bends efficiently meets the rising demand for personalized products, thereby stimulating market expansion. Moreover, manufacturers are prioritizing bending machines that provide energy efficiency and reduce environmental footprint. This shift aligns with global sustainability objectives and regulatory standards, encouraging investments in eco-friendly manufacturing practices.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of bending machine was worth around USD 9.1 billion in 2023 and is anticipated to record about 5.4% CAGR from 2024 to 2032, driven by expanding construction and infrastructure sectors.

The sheet metal bending machine segment accounted for revenue of around USD 4.3 billion in 2023 and is expected to reach USD 7.2 billion by 2032, owing to its cost advantages, and ability to bend intricate shapes and angles.

Asia Pacific bending machine market held a revenue share of around 42% in 2023 and is predicted to grow over 5% during 2024 to 2032, owing to rapid industrial expansion.

AMADA CO., LTD., AMOB, Baileigh Industrial, BLM GROUP, Bystronic Group, EUROMAC S.p.A, Horn Machine Tools, Maschinenbau GmbH (transfluid), Murata Machinery Ltd, PRIMA INDUSTRIE S.p.A. among others.