DUBLIN, Sept. 15, 2023 /PRNewswire/ — The “Metal Processing Machines Market Forecast to 2030 – Global Analysis by Press Brake, Laser Cutting Machine, and Bending Machine” report has been added to ResearchAndMarkets.com’s offering.
The global metal processing machines market is expected to witness substantial growth, projected to reach $35.2 billion by 2030, with a CAGR of 4.8% from 2023 to 2030. The growth of this market is driven by investments in the defense and aerospace sectors and increased demand for consumer electronics due to rising disposable incomes.
Key Factors Driving Market Growth:
- Investments in Defense and Aerospace: The Tamil Nadu government’s release of Aerospace and Defense Industrial Policy in 2022, aiming to attract significant investments of around $10.5 billion over the next decade, is expected to drive growth in the metal processing machines market.
- Advancements in Manufacturing Processes: The demand for the latest technologies and advancements in manufacturing processes is expected to boost the growth of metal processing machine manufacturers. Innovations in additive manufacturing, smart robotics, and computerized monitoring and control systems are enhancing the efficiency and precision of metal processing machines.
- Aerospace Industry Expansion: The aerospace industry’s focus on lightweight materials and advanced manufacturing techniques to improve fuel efficiency and performance is driving the need for metal processing machines. Airbus, for example, plans to expand its manufacturing activities in China, creating a favorable environment for the metal processing machines market.
- Robotics Integration: The use of robotics in metal processing operations has gained significant attention. Robots offer precision, accuracy, and repeatability, leading to higher product quality and consistency. They can handle various tasks, improving productivity and reducing lead times.
Region-wise, Europe holds a significant share in the global metal processing machines market, driven by well-established manufacturing industries, including automotive, aerospace, machinery, and construction. Germany, known for its advanced engineering and manufacturing capabilities, is a key market within Europe.
Key Market Dynamics:
- Market Drivers: Growing demand in automotive and aerospace industries and increasing government spending on military reinforcement.
- Market Restraints: Volatility in raw material prices.
- Market Opportunities: Use of automated fabrication processes and robotics.
- Future Trends: User-friendly interfaces.
Key Companies in the Market:
- Bystronic Group
- PRIMA INDUSTRIE S.P.A.
- AMADA CO.,LTD.
- Salvagnini Italia SPA
- Baykal Makina
- LVD Company NV
- Dener Makina
- Durmazlar Machinery Inc.
For more information about this report visit https://www.researchandmarkets.com/r/6narmz
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SOURCE Research and Markets