Sales Of Edge Bending Machines Are Expected To Grow At A 3.1% CAGR | FMI
The global edge bending machine is anticipated to be worth US$ 284.1 million by the end of 2022. During the forecast period of 2022 to 2032, the market is estimated to grow at a CAGR of 3.1 percent, with a closing value of US$ 385.6 million. During the 2016-2021 historical period, the industry increased at a 2.6 percent CAGR.
In 2022, the market for edge bending machines is projected to be worth US$ 284.1 Million. The manufacturing sector’s expanding application is anticipated to fuel market expansion. Between 2022 and 2032, it is anticipated that the global demand for edge bending machines will increase at a CAGR of 3.1%, reaching about 385.6 million units.
A frequent and important process in the manufacturing sector is substrate bending. Similar to other product development processes, bending modifies the work part’s shape while maintaining the same material volume. The methods used by different edge bending processes to plastically deform the substrate—where the work piece’s material, thickness, and size are crucial factors—are different.
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Edge Bending Machine Market Drivers and Restraints
Rising industrial activities, growing demand for luxury furniture, enhancement in manufacturing technology, and increasing need for the automatic industrial machine to reduce waste and improve productivity are the primary factor driving the growth of the global edge bending machine market.
Moreover, advanced features such as maximum versatility, simplicity and equipment accuracy, possibility to equip with scraping as well as brushing units, and east to use in all working conditions are some of the prominent factors fueling the growth of the edge bending machine market in the near future. However, substitute such as molding and face frames may limit the growth of the edge bending machine market during the forecast the period.
Additionally, bending is used to give sheets and plates strength, stiffness, and the elimination of sharp edges. Edge bending also aids in covering a substrate’s exposed edges with a thin strip of PVC or another resinous material. The design of an edge bending machine includes both straight and contour edge bending. It gives a solid or liquid the appearance of being cosmetic more valuable material. Conventional edge bending was a manual procedure that requires common tools and materials.
Edge Bending Machine Overview
Edge bending machine market revenue is expected to grow at a rapid growth rate, over the forecast period. The market is anticipated to perform well soon because edge bending procedures are mainly used in industrial sheet metal processing which includes bending of a small part of the metal coupled with provides excellent mechanical advantages when forming a curve.
Additionally, expanding manufacturing industry, growing use of office furniture are the factors that can propel the market revenue growth of edge bending machine in the near future. However, edge bending angles greater than 90 degrees will involve more complex machine which will be capable of some horizontal force delivery.
There are a wide variety of different edge bending machines available in the market with various size and performance level. The types of tools for wood are equipped with multiple operating units namely pre-milling unit, end-cutting units, precision gluing and edge pressure units, and rough trimming unit.
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Edge Bending Machine Market Region-wise Outlook
Depending on the geographic region, the edge bending machine market is classified into seven key regions: North America, Eastern Europe, Latin America, Western Europe, Japan, Asia-Pacific, and the Middle East & Africa. Asia-Pacific is expected to be the leading markets in the global edge bending machine market followed by Europe, and Japan is owing to the presence of skilled labor, advanced technology, established research and development infrastructure, and the presence of prominent players in the region.
The market in Asia-Pacific is projected to have the fastest growth due to rising demand for wood products, the presence of a potential customer. Moreover, growing demand for automatic free edge bending machine, and highly unorganized market are some of the factors which are anticipated to rise the increase of edge bending machine market throughout the forecast period.
Edge Bending Machine Market Key Players
Some of the prominent players in the edge bending machine market are SCM Group, SIMCO industrial machinery trd Co Ltd., NTF Korfhage Maschinenbau GmbH, Edge Finisher Co., Yadav Tools Company, Gelber-Bieger GmbH, Adamik Company, Intimate Machine Tools Company, Felder Woodworking Machines Private Limited, Shree Umiya F-Tech Machines Ltd, Shandong Hicas Machinery (Group) Co., Ltd., Kreutz & Mock GmbH, and others.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology, material and applications.