Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 2336.47 Million | USD 3776.51 Million | 5.48% | 2023 |
The global automated bending machine market size was worth around USD 2336.47 million in 2023 and is predicted to grow to around USD 3776.51 million by 2032, with a compound annual growth rate (CAGR) of roughly 5.48% between 2024 and 2032.
An automated bending machine is a modern tool powered by computerized systems and used for bending metal tubes or sheets in the desired form. The demand for automated bending machines has grown over the years due to the several technical and performance advantages offered by the tools. These solutions employ a wide range of novel systems, including robotics, electric or hydraulic power, and sophisticated applications to automate the entire process of bending metal parts.
The key components of an automated bending machine include tooling setup, power source, Computer Numerical Control (CNC) software, integration with robotic setup, and feedback systems.
The industry is mainly fragmented into three variants that are roll-bending machines, tube & pipe-bending machines, and press-brake machines.
During the forecast period, the demand for automated bending machines is expected to grow multifold due to the rising application of automated solutions across industries.
In addition, the surge in industry-based innovation will be critical to market growth expansion in the future. One of the key challenges faced by automated bending machine industry players is the higher cost of the solution.
Rising adoption of automated systems across industries will fuel market growth expansion
The global automated bending machine market is projected to grow due to the growing adoption of automated systems across industries.
According to market experts, automation offers several key advantages that are currently essential to survive in a highly competitive market with intense economic volatility.
The five main advantages offered by automation include increased reliability over systems & processes, reduction in operational cost, higher availability of automated systems, performance optimization, and superior productivity. Companies and industries worldwide are inching closer to automating all processes.
As per market research, more than 31.5% of companies worldwide have currently automated at least one business process. More companies are projected to follow the trend in the coming years, thus encouraging the adoption of automated bending machines across major industries.
Greater demand in space exploration sector to propel market growth expansion in the long run
One of the key users of automated bending machines is the space exploration industry. The sector relies heavily on specially designed and high-precision space aircraft.
The vehicles used during space exploration must be designed without any margin for error. The increasing investments in space research by several developed and developing countries have forged new avenues for extensive growth for computerized bending machines. These tools offer superior precision and accuracy in terms of bending vehicle body parts. Hence, automated machines are preferred over manual counterparts.
In March 2024, Kurs Orbital, a Ukrainian startup, announced that it had received USD 14 million for building & flying a prototype docking port that can be used for debris removal and in-space servicing missions.
In January 2021, the European Investment Fund announced an investment of EUR 300 million to finance the space sector. The company has diverted investments toward Primo Space and Orbital Ventures.
Similarly, other countries are registering higher funds allocation in the space sector, fueling growth in the global automated bending machine market.
High cost of the solution to limit the industry’s expansion trends in the future
The global industry for automated bending machines is projected to be restricted by the high cost of the technology. Automated bending machines use highly advanced software and robotic solutions.
Moreover, the development of ancillary infrastructure required for optimal performance of computerized bending machines further adds to the overall expense.
According to market research, customized automated bending machines can cost more than USD 500,000, depending on the total features offered by the tool.
Ongoing launch of highly powerful machines to create growth opportunities during the projection period
The global automated bending machine market is projected to generate growth opportunities due to the increasing launch of new solutions.
In February 2023, TRUMPF, a high-tech company, announced the launch of a new bending machine specially designed for XXL parts. The company launched the TruBend Series 8000 at the INTECH in-house trade show. The products offered in the range are built with a 700-millimeter stroke and 880-millimeter open height. The press force of TruBend Series 8000 is around 400 metric tons.
In October 2024, Acieta and MC Machinery Systems entered an exclusive partnership. The former is a specialist in robotic systems integration, while the latter is a subsidiary of Mitsubishi Corporation and is widely known for high-precision manufacturing equipment. The companies launched the FastBEND Robotic Bending Cell at the FABTECH, the largest trade show in North America.
According to official claims, the newly launched automated bending tool is ideal for high-volume production and small to medium parts, thus improving production capacity and reducing labor costs.
System complexities to challenge the market expansion rate in the future
The global automated bending machine industry is projected to be challenged by the complexity of the solutions. Since the machines are highly advanced, users must invest in regular maintenance of the tool, resulting in excessive downtime.
In addition to this, the replacement of body parts can be difficult due to a lack of authorized parts dealers and repair personnel. The loss of job opportunities among human resources due to excessive automation has led to growing concerns against using novel technologies among employees.
The global automated bending machine market is segmented based on application, type, and region.
Based on the application, the global market segments are metal tubes, metal plates, conductors, and cables. In 2023, the highest growth was witnessed in the metal plate segment.
The key driver for the segmental growth is the extensive use of the machines in fabrication processes across industries such as automotive, space research, and others. The industry focus is on providing precision-based bending solutions for all industries.
Moreover, the growing complexity in terms of complex shapes and bends in metal plates will fuel further market expansion in the coming years.
Based on the type, the automated bending machine industry divisions are fully automatic and semi-automatic. In 2023, the highest demand was listed in the semi-automatic segment due to the wider application of the equipment in the manufacturing industry.
Moreover, semi-automatic versions are more financially viable as compared to fully-automatic versions. Since semi-automatic machines are operated with the aid of manual labor, these versions are preferred over their counterparts. The average cost of a high-end semi-automatic machine is around USD 150,000 to USD 300,000.
Report Attributes | Report Details |
---|---|
Report Name | Automated Bending Machine Market |
Market Size in 2023 | USD 2336.47 Million |
Market Forecast in 2032 | USD 3776.51 Million |
Growth Rate | CAGR of 5.48% |
Number of Pages | 222 |
Key Companies Covered | Accurpress, TRUMPF, EUROMAC, Amada America, Cincinnati Incorporated, Baykal Machinery, Salvagnini, LVD Group, JMT USA, Bystronic, SafanDarley, Prima Power, Durma, Ermaksan, Schüco, and others. |
Segments Covered | By Application, By Type, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Asia-Pacific to emerge as the fastest-growing region during the forecast period
The global automated bending machine market will be led by Asia-Pacific during the forecast period. Countries such as India, China, Japan, and others are projected to emerge as the leading contributors to regional market expansion.
One of the key sectors in Asia-Pacific that is prompting higher demand for automated bending machines is the automotive sector. China is a leading player across the global stage in terms of production of automobiles.
As per official findings, China exported more than 4.99 million vehicles in 2023. India, on the other hand, is witnessing higher investments in terms of automotive and manufacturing sectors.
According to the latest reports, China’s leading automobile company SAIC Motor plans to invest around USD 2 billion in the Indian economy throughout the next decade.
North America is a prominent market with high demand for high-performance automated bending machines. The increasing production of new solutions with advanced robotic and automation features will aid North American companies in strengthening their foothold in the international market.
Additionally, growing demand across end-user industries such as automotive, space vehicle manufacturing, oil & gas, and others will contribute to North America’s total revenue.
The global automated bending machine market is led by players like:
By Application
By Type
FrequentlyAsked Questions
An automated bending machine is a modern tool powered by computerized systems that bends metal tubes or sheets into the desired form.
The global automated bending machine market is projected to grow due to the growing adoption of automated systems across industries.
According to study, the global automated bending machine market size was worth around USD 2336.47 million in 2023 and is predicted to grow to around USD 3776.51 million by 2032.
The CAGR value of the automated bending machine market is expected to be around 5.48% during 2024-2032.
The global automated bending machine market will be led by Asia-Pacific during the forecast period.
The global automated bending machine market is led by players like Accurpress, TRUMPF, EUROMAC, Amada America, Cincinnati Incorporated, Baykal Machinery, Salvagnini, LVD Group, JMT USA, Bystronic, SafanDarley, Prima Power, Durma, Ermaksan, and Schüco.
The report explores crucial aspects of the automated bending machine market, including a detailed discussion of existing growth factors and restraints while browsing future growth opportunities and challenges that impact the market.
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