Market Size in 2023 | Market Forecast in 2032 | Growth Rate (in %) | Base Year |
---|---|---|---|
USD 294.8 Million | USD 383.9 Million | CAGR at 3.10% | 2023 |
According to the report published by Zion Market Research, the global Edge Bending Machine Market size was valued at USD 294.8 Million in 2023 and is predicted to reach USD 383.9 Million by the end of 2032. The market is expected to grow with a CAGR of 3.10% during the forecast period. The report analyzes the global Edge Bending Machine Market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Edge Bending Machine Market industry.
Edge bending processes varies in the approaches that are being used in order to plastically deform the substrate wherein which the size, work piece material, and thickness play an important role. The use of bending provides strength, eliminates the sharp edges, and stiffness is provided to the plate or sheet. Additionally, with the help of a thin strip of PVC or other resinous material the raw edges of the substrate are covered.
The global market for edge bending machine is globally fragmented into material type, flanges type, product type, and end-use industry.
On the basis of material type, the global market is segregated into polyvinyl chloride, melamine, acrylic, acrylonitrile-butadiene-styrene, wood veneer, and others.
On the basis of product type, the market is categorized into non-portable and portable.
On the basis of flanges type, the market is divided into the stretch flange, straight flange, and shrink flange.
On the basis of end use, the market is bifurcated into the healthcare industry, electronic and electrical industry, automotive industry, packaging industry, furniture industry, and others.
The primary factors that are fuelling the edge bending machine market are advancements in the manufacturing technology, the rise in the demand for the luxury furniture, increasing industrial activities, and growing requirement for the automatic industrial machine in order to minimize the waste and improve the productivity. The prominent advanced features that are driving the edge bending machine market are maximum versatility, possibility to equip with brushing as well as scraping units, equipment accuracy, and simplicity, and compatibility to use in all the working conditions. However, the availability of the alternatives such as face frames and molding may hamper the growth of the market during the future years.
Report Attributes | Report Details |
---|---|
Report Name | Edge Bending Machine Market Research Report |
Market Size in 2023 | USD 294.8 Million |
Market Forecast in 2032 | USD 383.9 Million |
Growth Rate | CAGR of 3.10% |
Number of Pages | 201 |
Key Companies Covered | SIMCO Industrial Machinery Trd. Co. Ltd., Edge Finisher Co., Gelber-Bieger GmbH., Intimate Machine Tools Company, Shree Umiya F-Tech Machines Ltd., Kreutz & Mock GmbH., SCM Group, NTF Korfhage Maschinenbau GmbH., Yadav Tools Company, Adamik Company, Felder Woodworking Machines Private Limited, Shandong Hicas Machinery (Group) Co., Ltd., and others. |
Segments Covered | By material type, By flanges type, By product type, By end-use industry 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 |
Regional diversification of the edge bending machine market is given as follows Latin America, the Middle East & Africa, Western Europe, Eastern Europe, North America, and Asia Pacific. The region that is leading the edge bending machine market is Asia Pacific and is expected that this region will continue to dominate the market in the coming years too. Asia Pacific is followed by Europe. Factors that contribute to this market growth are the presence of skilled labor, recognized research and development infrastructure, advanced technology, and the presence of prominent market players in these regions. Asia Pacific market is growing due to the presence of the potential customers and the increasing demand for the wood products.
The key market players that are involved in the edge bending machine market include:
By material type
By flanges type
By product type
By end-use industry
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