Metal Folding Machine Market Scope
Metal folding processes may be called bending, edging, braking, and flanging. Metal folding is a crucial stage within the metal fabrication method. Metal folding covers all the processes like folding, bending, and pressing of sheets into a present form. Metal folding machines are accustomed produce numerous products like enclosures, pipes, and boxes. A sheet may be reshaped in some ways. This includes rolling, bending, shearing, and indenting.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Amada Co. Ltd. (Japan), Mitsubishi Heavy Industries, Ltd. (Japan), TRUMPF Group (Germany), Dalian Machine Tool Group Corporation (China), Hans Schröder Maschinenbau GmbH (Germany), CIDAN Machinery Americas (United States), Jayson Machines (India), Chiao Sheng Machinery Co., Ltd. (Taiwan), CMTS Sheet Metal Machines (Australia) and ASCO Maschinenbau GmbH (Germany) |
CAGR | 9.2% |
The global metal machine market is fragmented by the global key players owing to the increasing construction and automotive demand for metal folding for more aesthetic appeal and robust infrastructure. The emerging players should focus on R&D to increase efficiency and integration for IoT to grab the market share. Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Metal Folding Machine market throughout the predicted period.
Amada Co. Ltd. (Japan), Mitsubishi Heavy Industries, Ltd. (Japan), TRUMPF Group (Germany), Dalian Machine Tool Group Corporation (China), Hans Schröder Maschinenbau GmbH (Germany), CIDAN Machinery Americas (United States), Jayson Machines (India), Chiao Sheng Machinery Co., Ltd. (Taiwan), CMTS Sheet Metal Machines (Australia) and ASCO Maschinenbau GmbH (Germany) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are KMF Precision Sheet Metal Ltd (United Kingdom).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Metal Folding Machine market by Type and Region with country level break-up.
On the basis of geography, the market of Metal Folding Machine has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In 2020, AMADA acquired LKI Käldman LTD, changing its name to Amada Automation Europe Ltd. This acquisition will be strengthening of relations with local realities and the supply of automated sheet metal cutting equipment in Europe.
In February , 2023 High-tech company TRUMPF is taking its INTECH in-house trade show as an opportunity to showcase the latest generation of its TruBend Series 8000. With an 880-millimeter open height and a stroke of 700 millimeters, the TruBend 8000 bending machine offers a superbly efficient way to bend very large parts, allowing workers to easily bend and remove workpieces that require a large box height. It also provides numerous optional extras designed to facilitate the bending of heavy parts.
Influencing Trend:
Integration of Internet of Things (IoT) in Manufacturing
Market Growth Drivers:
Rise in Demand for Advanced Metal Folding Technology in The Automotive Industry and Growth in Penetration of Computer Numerical Control (CNC) Machines
Challenges:
Volatility in Construction Activities Due to The Sudden Economic Imbalance
Restraints:
High Cost of Automatic Metal Folding Machines
Opportunities:
Rise Applications in The Aerospace Industry Require Precise Bending of Tubes/Pipes
Key Target Audience
Metal Folding Machine Manufacturer, Suppliers/Distributors, Research Institutes, End Users and Others