About Punching Machines
Punching Machines is one of the techniques used in sheet metal forming. The most cost-effective process for creating holes in metal workpieces. With the use of a punching machine, workpiece is aligned between a punching tool typically made of tungsten carbide or similar metal with a superior level of strength and a die.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Punching Machines market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Wanzke (Germany), Baileigh Industrial (United States), Baruffaldi Plastic (Italy), Baykal Makina (Turkey), Bihler (Germany), Boschert (United States), Durma (South Africa) and Kingsland Engineering (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Ferracci Machines, Friul Filiere, Trumpf, Cantec and Others.
Segmentation Overview
AMA Research has segmented the market of Global Punching Machines market by Type (CNC Punching Machine, Mechanical Punching Machine, Pneumatic Punching Machine and Hydraulic Punching Machine) and Region.
On the basis of geography, the market of Punching Machines 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). If we see Market by Industry Verticals, the sub-segment i.e. Automotive Industry will boost the Punching Machines market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Punching Machines market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers:
Growing Application in Various End-use Industries
Challenges:
Lack of Availability of Skilled Labors
Restraints:
Availability of Substitute in the Market and High-Cost Associated with Punching Machines
Opportunities:
Growing E-commerce Sector Which Boosts Online Sales
Market Leaders and their expansionary development strategies
In July 2023, JDM Technology Group, a leading global software business of best-in-class software providers, has acquired Lévis, QC based Mobile-Punch. Mobile-Punch is a mobile application that helps businesses across multiple sectors manage timesheets, work schedules, and projects in real time.
In October 2023, TRUMPF launched its TruMatic 5000 manufacturing cell with the new SheetMaster at Blechexpo in Stuttgart. Users of the new system will benefit from fully automated laser-cutting, punching and forming capabilities. The new SheetMaster enables a fully automated flow of materials within the manufacturing cell – from loading and unloading the machine to removing finished parts.
Key Target Audience
Punching Machines Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.