According to a recently published report by Research Nester on “Cut and Bend Equipment Market: Global Demand Analysis & Opportunity Outlook 2027” delivers detailed overview of cut and bend equipment market in terms of market segmentation by product type, by operation, by end user and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The market is segmented by product type into mesh cutting and bending, cutting and shaping, straightening; by operation mode into semi-automatic and automatic; by end user into construction/engineering contractors, manufacturing, steel, and wire/mattress. Cutting and shaping segment is projected to capture the largest market share owing to improvement in the machine by replacing conventional stirrup machines with high strength stirrup machines. The cut and bend equipment market is anticipated to record a CAGR of around 9.26% during the forecast period i.e. 2019-2027.
Automatic bending equipment can increase the production of components through its fast and easy to use bending quality. The application of smaller bars of automated cutting system can significantly produce more tonnage of fabricated metal pieces and also perform cutting and bending in a single process. Increasing accuracy and speed of equipment can reduce man hours, labor and scrap, thus resulting in enhanced production. Increasing focus on advanced metal cutting equipment is estimated to boost the market growth over the forecast period.
Extensive Use of Cutting Equipment
Increasing demand for fabricated metal sheets in the manufacturing industry requires better cutting equipment with better finishing operations. The automobile sector also requires cutting tools for generating teeth on gears. Further, the exponential boom in the Unmanned Aerial Vehicle (UAV) manufacturing industry is also projected to positively impact the market growth over the forecast period.
Minimal Surface Defects
Cut and bend equipment exhibit a high degree of reliability and efficiency while performing their cutting operations. As compared to electrical equipment, they produce less thermal and mechanical stress. Further, they do not result in the formation of Heat Affected Zones (HAZ) that could result in metallurgical defects over the surface of material. Additionally, improved design of cut and bend equipment is anticipated to propel the growth of the market.
However, high cost is anticipated to be a key restraint for the growth of cut and bend equipment market during forecast period. Cut and bend equipment require high initial setup cost and regular maintenance which further results in increased operational cost. Additionally, availability of additional resources such as nonstop power supply while setting up these machines is also needed for cutting operations. The automated cutting equipment has higher cost as compared to semi-automatic ones. Also, they are bulkier due to in-built components needed for automatic functions which is further estimated to hamper the market growth over the forecast period.
On the basis of regional analysis, the cut and bend equipment market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Asia Pacific market is anticipated to capture the largest market share in the cut and bend equipment market owing to growing infrastructure and construction activities encouraging the market growth. Industrial product manufacturers are focusing on advanced technology products due to rapid adoption of Industrial Internet of things (IIoT) in the region. With increasing awareness for better infrastructure and rising government initiatives, Asia Pacific region is expected to hold a significant revenue share by 2027.
This report also provides the existing competitive scenario of some of the key players of cut and bend equipment market which includes Eurobend S.A, KRB Machinery, M.E.P. Macchine Elettroniche Piegatrici S.p.A, Progress Holding AG, Progress Investment Management, Schnell Spa, SweBend, TabukSteel, TJK Machinery (Tianjin) and other prominent players. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the cut and bend equipment market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.