The automatic bending machine market is expected to grow from USD 1.9 billion in 2019 to USD 2.4 billion by 2024, at a CAGR of 4.5%. The main factor accelerating the automatic bending machine market growth is the accuracy and safety provided by advanced programmable bending machines.
Trumpf (Germany), Amada (Japan), Bystronic Laser (Switzerland) are the leading players in the automatic bending machine market. Other prominent companies in the automatic bending machine market include Haco (Belgium), Prima Industrie (Italy), Danobat Group (Spain), Wafios Group (Germany), BLM (Italy), Tansfluid (Germany), and AMOB (Portugal).
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TRUMPF (Germany) is one of the leading companies in the automatic bending machine market. The company operates in 2 business segments: Machine Tools and Laser Technology. Most of the revenue is generated from the Machine Tools business segment. Through this segment, the company offers machine tools for flexible metal sheets and tube processing; machines for bending, punching, and combined punch and laser processing; laser cutters and laser welders in different sizes. Automated bending machines are sold under its Machine Tools business segment. Automated bending machines of the company are available in a wide range. The company has a powerful presence in Germany, and most products of the company are exported. It also has robust presence in Europe with sales and production plants in the Americas and APAC. The company is focusing on offering smart factory solutions.
Amada (Japan) is another significant company in the automatic bending machine market. Amada is a group of companies. There are 2 main business segments: Metal Working Machinery and Metal Machine Tools. The companies associated with the Metal Working Machinery segment are Amada Co., Ltd. and Amada Technical Services Co., Ltd. Sheet metals fabricated by Amada are used in cell phones, stationeries, traffic signals, elevators, aircraft, and rockets. The company has a vast range of products based on hydraulic technology to offer in the automated bending machine market, and some of the products also have samples. The capacity of products offered by the company ranges from 174.5 kN to 6,000 kN. This gives the company edge over other competitors in the automatic bending machine market. The company has strong presence in Japan, making it one of the strong competitors in the market. The company is also present in Europe, North America, and APAC.
Bystronic (Switzerland) offers solutions for sheet metal processing. The company offers press brakes and laser cutting systems, as well as associated automation and software solutions. The company’s additional development and production locations are in Gotha (Germany), San Giuliano Milanese, and Cazzago San Martino (Italy). The company is present in more than 30 countries. The company has a comprehensive product portfolio of automatic bending machines. Bystronic has an extensive range of automatic bending machines in its press brake portfolio. The company also has strong presence in Europe and a global reach. The company is focusing on strengthening its product portfolio by launching new products and developing products in the automatic bending machine market. Recently, the company has developed Xpert Pro press brakes to create fully automated bending cells in December 2018.
Automatic Bending Machine Market by Type (Automatic and Semiautomatic), Technology (Electric, Hydraulic, Pneumatic, and Induction Based), Application (Tube/Pipe, Metal Sheet, Bar), Industry, and Region - Global Forecast to 2024
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