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Automatic Bending Machine Market to 2024 – Growing Steady at 4.5% CAGR and Projected to Reach US$ 2.4 Billion

The research reports on “Automatic Bending Machine Market” report gives detailed overview of factors that affect global business scope. Automatic Bending Machine Market report shows the latest market insights with upcoming trends and breakdowns of products and services. This report provides statistics on the market situation, size, regions and growth factors.

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The Automatic Bending Machine Market is expected to grow from US$ 1.9 Billion in 2019 to US$ 2.4 Billion by 2024, at a CAGR of 4.5%. This report spread across 150 Pages, Profiling  10 Companies and Supported with 167 Tables and 32 figures is now available in this research.

#Key Players- TRUMPF GmbH + Co. KG (Germany), AMADA HOLDINGS Co., Ltd. (Japan), HACO BV (Belgium),By stronic Laser AG (Germany), Prima Industrie S.p.A. (Italy), DANOBAT GROUP (Spain), WAFIOS AG (Germany), BLM Group (Italy), transfluid® Maschinenbau GmbH (Germany), and AMOB (Portugal).

“Automatic bending machines capture larger market share than semiautomatic bending machines”

Automatic type bending machines are expected to account for a larger market share than semiautomatic types bending machines from 2019 to 2024. Semi-automatic type bending machines bend the work piece automatically, but the work piece has to be fed manually, while automatic type bending machines offer safe automatic loading and unloading of the work piece, as well as accurate bending.

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“Electric bending machines are likely to hold largest market share of the automatic bending machine market”

Electric bending machines are easy to use and offer accuracy in bending tubes/pipes, metal sheets, and bars, as well as consume lower electricity than other types of bending machines such as pneumatic and hydraulic. Also, electric bending machines are cheaper than bending machines based on other technologies, which ultimately boosts the demand for electric bending machines.

“APAC to be fastest-growing market for automatic bending machines during forecast period”

Among all regions, the market in APAC is expected to grow at the high estrate from 2019 to 2024.The growth of the market in this region is attributed to technological innovations. World’s major automakers are focusing on establishing their manufacturing plants in the APAC region, and some of them are even offering tailored electric and hybrid vehicles in this region. Since the economic liberalization in 1991, India has attracted unprecedented attention from major automakers. Shipbuilding has shifted from Europe to APAC

Competitive Landscape of Automatic Bending Machine Market:

1 Overview

2 Ranking Analysis of Automatic Bending Machine Market Players

3 Competitive Leadership Mapping

3.1 Visionary Leaders

3.2 Innovators

3.3 Dynamic Differentiators

3.4 Emerging Companies

4 Competitive Scenario

4.1 Product Launches

4.2 Expansions

4.3 Agreements

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