The global automated bending market revenue was around US$ 2.9 billion in 2021 and is estimated to reach US$ 3.9 billion by 2031, growing at a compound annual growth rate (CAGR) of 5.6% during the forecast period from 2022 to 2031.
An automated bending machine is used to bend the tool. It can be bent automatically in a linear or rotational motion. The tube, pipe, metal sheet, and bar can all be bent automatically by this machine. Form-bound bending and free-from bending are two different types of bending processes. In these processes, heating or cold forming is used.
Factors Influencing Market Growth
Significant demand for iron and steel from the building and transportation industries fuel the market growth.
The growing sectors of oil and gas, manufacturing, automotive, and building and construction drive the global market growth.
Industry 4.0 adoption is driving demand for linked machinery, which is ultimately fueling the expansion of the automatic bending machine market.
Study of the COVID-19 Pandemic
The COVID-19 pandemic had a negative impact on the market. Due to the lockdown enacted by the government, several producers and sales in the market were forced to cease operations in nations like China, the U.S., and India. Additionally, a scarcity of laborers and raw materials restricted the supply of automatic bending machine system equipment.
However, it is anticipated that the reopening of manufacturing facilities and the development of coronavirus disease vaccines will result in the reopening of automatic bending machine businesses.
Asia-Pacific dominated the market. It is predicted that this trend would continue during the forecast period. Due to a rise in manufacturing enterprises such as automotive and aviation in nations like China, India, and Japan. Additionally, the expansion of infrastructure projects in this region is driving up demand for automatic bending equipment. Thus, it is anticipated that all of these factors will fuel the market in
The leading competitors in the global automated bending machine market are:
Amada Co. Ltd
Horn Machines Tools
Pines Engineering & H&H Tooling
Prima Industrie S.p.A
Shuz Tung Machinery Industrial Co Ltd
Transfluid Maschinenbau GmbH
The global automated bending machine market segmentation focuses on Type, Technology, Application, and Region.
Segmentation based on Type
o Upto 10 ton
o 10-20 ton
o More than 20 ton
Segmentation based on Technology
Segmentation based on Application
Segmentation based on Region
Rest of Western Europe
Rest of Europe
Australia & New Zealand
Rest of Asia Pacific
Middle East & Africa (MEA)
Rest of MEA
Rest of South America