The global cutting and bending machine market size reached USD 7,751.7 Million in 2021 and it is expected to touch a valuation of USD 8,238.3 Million in 2022. Furthermore, with growing adoption across diverse industries including automotive, aerospace, electronics, and construction, the overall sales of cutting and bending machines are projected to rise at 7.1% CAGR between 2022 and 2032, reaching a valuation of USD 16,383.6 Million by 2032.
Cutting and bending machines have become essential equipment across manufacturing industries where they are increasingly used to cut and bend objects with better precision and at quick intervals of time.
There was a time when automotive and electronic component manufacturers had to make use of manual machines that were heavy and resulted in less precise end products. After manually operated machines, semi-automatic machines came onto the scene, and in recent years, these machines have been operated automatically, which helped in the digital age of these markets.
Modern automatic cutting and bending machines are highly efficient and provide more precise cuts and bends. They have allowed manufacturing companies to significantly improve their overall productivity, reduce labor requirements, and save money.
Robust growth of manufacturing industries such as automotive, aerospace, electrical & electronics, and marine & construction along with increasing adoption of cutting and bending machines in these sectors is expected to boost the global market during the forecast period.
Similarly, the booming sheet metal fabrication business due to increasing demand for sheet metal in sectors including aerospace and automotive is expected to boost sales of cutting and bending machines in the upcoming years.
There is significant growth in the sales of cutting machines, which have inevitable applications in industrial development and metal manufacturing. Metal fabrication is the process of building structures from raw metal material, which includes cutting, bending, welding, and forming. The automobile, aerospace, construction, and energy industries all depend on the extremely cyclical metal fabrication business.
Due to the market's volatility, the industry has been forced to streamline production procedures and concentrate on the ability to consistently produce high-capacity output. This calls for highly efficient and sophisticated cutting and bending machines, which in turn spurs the market's overall growth and offers numerous opportunities for participants to expand their product portfolios and boost their product revenue in the global market.
Companies are investing significantly in order to expand their production in the regional market and grab growth opportunities. They are highly focused on providing solutions integrated with the internet of things and other advanced technologies specifically for process monitoring, preventive maintenance, and lights-out production capability. Thus, the development of new cutting and bending machines integrated with advanced technologies will help the market to thrive rapidly over the next ten years.
The global cutting and bending machine market forms approximately 45% to 55% of the overall metal processing equipment market and this figure is expected to move upwards over the next ten years as demand for advanced cutting and bending machines continues to rise worldwide.
Regionally, North America is expected to grow at a healthy CAGR of 7.6% between 2022 and 2032, accounting for around 30% of the volume and value share of the global market for cutting and bending machines. The rapid growth of the automotive and aerospace industries, increasing penetration of automation, and availability of advanced cutting and bending machinery are driving growth in the region.
| Attribute | Key Insights |
|---|---|
| Cutting and Bending Machine Market Base Value (2021A) | USD 7,751.7 Million |
| Estimated Market Value (2022E) | USD 8,238.3 Million |
| Projected Market Value (2032F) | USD 16,383.6 Million |
| Value-based CAGR (2022 to 2032) | 7.1% |
| Collective Value Share: Top 3 Countries (2022E) | 44.4% |
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Demand for cutting and bending machines increased at a CAGR of about 2.6% during the historical period from 2017 to 2021. However, with the rapid growth of end-use industries such as automotive and aerospace, and increasing penetration of automation, the overall sales of cutting and bending machines are poised to accelerate at 7.1% CAGR through 2032.
Increasing urbanization and infrastructural development in emerging economies have led to an increase in total spending in industries such as metalworking, automotive, and aerospace. This is expected to create demand for cutting and bending machines.
Cutting and bending machines are undergoing digital transformation, which entails the use of cutting and bending machines equipped with the latest technologies to overcome all business challenges and reshape existing operations. Thus, the development of new and advanced cutting and bending machines will further boost the market during the next ten years.
Some of the countries are expected to emerge as new manufacturing hubs and see potential growth in the export manufacturing sector. In addition to this, there is a shift in global economic power that is boosting urbanization in most of these countries. Overall economic growth, coupled with prompt urbanization and changing global demographics, is expected to elevate the demand for cutting and bending machines through 2032.
Growing Trend of Industry 4.0 to Boost Cutting and Bending Machine Sales
Industry revolution 4.0 is rapidly expanding and is changing the way companies manufacture and perform. Because of a scarcity of skilled workers, every manufacturing sector is embracing automation. End users are giving preference to machines with automation and efficiency. Energy consumption accounts for a significant portion of industrial operating costs, fuelling the trend toward low-energy machines.
Trends are changing across the region, such as in developed nations, where trends include machine connectivity to the internet and robots to reduce machine cycle time. Investment in associated sectors such as cloud computing, artificial intelligence, the internet of things, automation, and their integration into metal processing machines will enhance the competitiveness of market participants. The development of additive technologies is a major area for the market manufacturers and helps them to continuously adopt technological developments in their product portfolio.
Thus, the growing penetration of industry 4.0 across the world will continue to generate demand for advanced machinery like cutting and bending machines during the projected period.
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Flourishing Automotive Industry Pushing Demand for Cutting and Bending Machines in the USA
As per FMI, the USA cutting and bending machine market holds around 70% share of the North American market and it is predicted to expand by 1.9x through 2032. The rapid expansion of the automotive industry, increasing penetration of automation, and the strong presence of leading manufacturers are some of the key factors driving the USA market.
The automobile industry in the USA is the 12th-ranked industry and is a very dynamic industry with advanced technological developments and innovation. Rapid growth in the automobile sector across the USA is expected to generate high demand for cutting and bending machines during the forecast period.
The industry requires precision cutting and strict cutting tolerance, which are well served by the new product innovations in these machines. The market is expected to be further driven by evolving automobile designs coupled with the multiple bending and cutting operations performed by these machines, which greatly facilitate the operation process and ensure the efficiency of the operation and the uniformity of the product. Hence, the USA market is expected to increase steadily over the forecast period, making it one of the prominent markets worldwide.
Growing Penetration of Industry 4.0 Boosting Market in Germany
Germany’s cutting and bending machine market is anticipated to expand at a robust CAGR of 6.8% over the forecast period. Sales in the country are projected to increase by two times by the end of 2032.
Growth in Germany’s market is attributed to the rising adoption of Industry 4.0 across traditional manufacturing and industrial practices. The ongoing factory automation trend is fuelling demand for and the deployment of more innovative and advanced technologies in manufacturing processes to enhance productivity, improve product quality, and manage the workforce better. This is the primary driving force behind the expansion of the cutting and bending machine industry in majority of the European countries, including the United Kingdom.
Growing Demand for Consumer Electronics Propelling Sales in China
According to FMI, the overall market for cutting and bending machines across China is expected to reach a valuation of USD 1,317.0 Mn by the end of 2032. The rapid growth of the consumer electronics industry, availability of high-tech cutting and bending machinery at affordable prices, and favorable government support are some of the factors driving the China market.
In global consumer electronics manufacturing, China’s production accounts for more than 30% of the market. Similarly, in electronic circuit component production, China accounts for around 33% worldwide, which is higher than that of other electronics manufacturing hubs.
China's information technology sector claims that by boosting value-added output by 13.9% annually, the country's electronic industry aids in China's industrial upgrade. China is a prominent country that has heavily invested in smart robotics, cloud data, and automated factory technologies to optimise its manufacturing prowess, in which advanced or innovative cutting and bending machines play an important role as the foundation for industrial upgrades. Hence, China remains the go-to destination for the market growth of cutting and bending machines to meet the large-scale production of consumer electronics.
Cutting Machines to Remain the Top Selling Product Type Through 2032
As per FMI, the cutting machine segment is expected to generate an absolute incremental opportunity of USD 7,062.9 Million during the forecast period (2022 to 2032). This growth can be attributed to the rising usage of various cutting machines across several industries.
In the cutting machine segment, laser cutting machines are estimated to account for the highest share of the overall market owing to their wide machining range. Right from fabrication to the medical industry, laser-cutting machines have gained immense traction during the last few years and the trend is expected to continue during the forecast period.
Laser-cutting technology has a broad range of applications and is emerging as a technology that will continue to grow consistently. For instance, it plays a vital role in the medical industry, where tight dimensional tolerances and accuracy are a must in devices such as cardiovascular and orthopedic devices so that components for surgical implants can be made with the required rapidity and extreme precision. Hence, this segment is expected to create an absolute $ opportunity of USD 3,956.7 Million between 2022 and 2032.
The majority of Sales Remain Concentrated in Automotive Industry
According to Future Market Insights, the automotive industry holds around 30% of the global market for cutting and bending machines and it is expected to generate an absolute $ opportunity of more than USD 2,578.7 Million between 2022 and 2032. This can be attributed to the increasing demand for automotive vehicles along with the rising usage of cutting and bending machines across the thriving automotive industry.
The automotive sector covers everything from the designing, developing, producing, and manufacturing of automotive vehicles and their parts and components in which cutting and bending machines have a wide range of applications. The laser cutting machine is one of the most frequently used machines during various stages of automotive manufacturing that ensures the reliability and safety of the end product.
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Key manufacturers of cutting and bending machines are highly focused on introducing new products integrated with advanced technologies to strengthen their product portfolios. Besides this, they are adopting strategies such as mergers, acquisitions, facility expansions, and collaborations to gain a competitive edge in the market. For instance,
| Attribute | Details |
|---|---|
| Estimated Market Size (2022) | USD 8,238.3 Million |
| Projected Market Size (2032) | USD 16,383.6 Million |
| Anticipated Growth Rate (2022 to 2032) | 7.1% CAGR |
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2021 |
| Market Analysis | USD Million for Value and Mn Units for Volume |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia Pacific; and The Middle East and Africa |
| Key Countries Covered | USA, Canada, Mexico, Brazil, Germany, Italy, France, United Kingdom, Spain, Netherlands, RUSSIA, Sweden, Hungary, Czechia, Poland, Portugal, Rest of Europe China, Japan, South Korea, India, ASEAN, Australia, and New Zealand, Turkey, South Africa, GCC Countries, Northern Africa. |
| Key Segments Covered | Product Type, Operation, End Use, and Region |
| Key Companies Profiled | Amada Co. Ltd.; TRUMPF Group; Bystronic Group; Han's Laser Technology Industry Group Co., Ltd.; Coherent Inc.; Prima Industrie S.p.A.; Durmazlar Machinery Inc; Ermaksan; Nissan Tanaka Corporation; Others |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Drivers, Restraints, Opportunities and Threats Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The global cutting and bending machine market size is expected to reach USD 8,238.3 Million in 2022.
The demand for cutting and bending machines is projected to grow at 7.1% CAGR during the forecasted period from 2022 to 2032.
As per FMI, the worldwide cutting and bending machine industry are likely to reach a valuation of USD 16,383.6 Million by 2032.
Amada Co. Ltd., TRUMPF Group, Bystronic Group, Han's Laser Technology Industry Group Co., Ltd., Coherent Inc, and others are the leading market players, collectively accounting for 25% to 35% of the global market share.
Demand for cutting and bending machines in Germany is expected to increase by 5.6% CAGR from 2022 to 2032 on a value basis.
The automotive industry holds around 30% of the total market share, making it the most lucrative end-use segment for market players.
1. Executive Summary 2. Market Overview 3. Key Market Trends 4. Key Success Factors 5. Global Market Demand Analysis 2017 to 2021 and Forecast, 2022 to 2032 6. Global Market - Pricing Analysis 7. Global Market Demand (in Value or Size in USD Million) Analysis 2017 to 2021 and Forecast, 2022 to 2032 8. Market Background 9. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Product Type 9.1. Cutting Machine 9.1.1. Laser Cutting Machine 9.1.2. Waterjet Cutting Machine 9.1.3. Plasma Cutting Machine 9.1.4. Flame Cutting Machine 9.2. Bending Machine 9.2.1. Electric 9.2.2. Hydraulic 9.2.3. Pneumatic 9.2.4. Others 10. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Operation 10.1. Automatic 10.2. Semi-Automatic 10.3. Manual 11. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by End Use 11.1. Automotive 11.2. Aerospace 11.3. Electrical and Electronics 11.4. Marine and Construction 11.5. Others 12. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Region 12.1. North America 12.2. Latin America 12.3. Europe 12.4. Middle East and Africa (MEA) 12.5. East Asia 12.6. South Asia and Pacific 13. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032 14. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032 15. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032 16. South Asia and Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032 17. East Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032 18. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032 19. Country-Wise Market Analysis 2022 20. Market Structure Analysis 21. Competition Analysis 21.1. Amada Co. Ltd. 21.2. TRUMPF Group 21.3. HACO Group 21.4. Bystronic Group 21.5. Prima Industrie S.p.A. 21.6. Durmazlar Machinery Inc. 21.7. Koike Sanso Kogyo Co., Ltd. 21.8. Ermaksan 21.9. LVD Group 21.10. Salvagnini Group 21.11. Nissan Tanaka Corporation 21.12. Boschert GmbH and Co. KG 21.13. SOCO Machinery Co., Ltd. 21.14. Other Prominent Players 22. Assumptions and Acronyms Used 23. Research Methodology
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Cutting and Bending Machine Market
