PUBLISHER: Allied Market Research | PRODUCT CODE: 1179668
PUBLISHER: Allied Market Research | PRODUCT CODE: 1179668
The global automatic bending machine market size was valued at $2,109.7 million in 2021 and is projected to reach $3,620.6 million by 2031, registering a CAGR of 5.6% from 2022 to 2031.
An automatic bending machine consists of an electric motor, a coupling, a circular plate, a worm gear drive, and an extended shaft. An electric motor transmits power to a gearbox, which decreases speed and increases torque. A circular plate bends the bar using this gearbox. Automatic bending machines are used to bend tubes, pipes, metal sheets, and bars. These machines are used in a variety of industries, including automotive, aviation, and shipbuilding. Moreover, bar bending machines are usually used for accuracy of bending angles. The machine is suitable for bending wide variety of TMT, reinforcement, and steel bars used in construction and infrastructure activities.
Automatic bending machines are widely used in shipbuilding and aviation industry. Ship profiles are bent using an automatic bending machine to create ship frames. The parts to be produced are heavy and require precision, which can be achieved by bending machines. Stierli-Bieger offers SE series bending machines which are specially designed for shipbuilding. Furthermore, these machines can be used as pipe bending and for straitening.
Surge in demand for high-precision production process requirements is expected to increase the demand for automatic bending machines and help the market grow. Due to rapid industrialization and government investments in developmental projects, the global construction sector is growing rapidly. This is anticipated to increase the demand for automatic bending machines, which will lead to growth in automatic bending machine market. However, high cost of automatic bending machines is one of the factors that hinders the market growth.
Majority of the population is concentrated in emerging economies such as Brazil, China, India, and Eastern European nations. This makes the automatic bending machine market play a crucial role as these regions witness continuous development of infrastructure and manufacturing sectors. Growth in the construction industry and increase in number of infrastructure activities are major factors that drive the automatic bending machine market growth. Moreover, expansion of automotive sector and aviation sector are accelerating the market growth. Major players in the industry provide specialized bending machines for use in automotive industry. For instance, in April 2021, AMOB launched the new Fully Electric CNC Tube Bending Machine eMOB Super Heavy-Duty Series. These are fully electric tube bending machines, with the ability to bend tubes up to 225mm in diameter. Such factors are providing lucrative growth opportunities in the market.
The automatic bending machine market is segmented on the basis of type, technology, application, and region. By type, the market is categorized into automatic and semi-automatic. Depending on technology, it is fragmented into electric, hydraulic, pneumatic, and induction. On the basis of application, it is categorized into tube/pipe, metal sheet, and bar. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Benefits For Stakeholders
By Type
By Technology
By Application
By Region