By the end of 2022, it is expected that the global edge bending machine market will be worth US$ 284.1 million. The market is anticipated to expand at a CAGR of 3.1% from 2022 to 2032, reaching a closing value of US$ 385.6 million. The industry grew at a CAGR of 2.6 percent throughout the historical period of 2016–2021.
Substrate bending is a regular and significant procedure in the manufacturing industry. Similar to other product development techniques, bending adjusts the shape of the work part while keeping the same volume of material. Different edge bending technologies employ various techniques to plastically distort the substrate, where the work piece’s material, thickness, and size are important considerations.
Additionally, sheets and plates are bent to provide them strength, rigidity, and the removal of sharp edges. A thin strip of PVC or another resinous material can be used to hide a substrate’s exposed edges with the help of edge bending. Both straight and contour edge bending are features of an edge bending machine’s design. It creates the illusion that a solid or liquid is made of more valuable cosmetic material. Traditional edge bending was a manual process requiring regular supplies and instruments.
Edge Bending Machine Market Drivers and Restraints
The main factors propelling the growth of the worldwide edge bending machine market include expanding industrial activities, rising demand for high-end furniture, improvements in manufacturing technology, and increased demand for automatic industrial machines to cut waste and boost productivity.
The ability to be equipped with scraping as well as brushing units, simplicity and equipment precision, and ease of use in various working environments are some other sophisticated features that will likely drive the expansion of the edge bending machine market in the foreseeable future. However, over the anticipated time, substitutes like moulding and face frames could restrain the market’s expansion for edge bending machines.
Edge Bending Machine Overview
Over the projection period, the revenue generated by edge bending machines is anticipated to increase quickly. Since edge bending processes are primarily employed in industrial sheet metal processing, which involves the bending of a tiny portion of the metal and offers good mechanical advantages when making a curve, it is projected that the market will perform well soon.
In the near future, factors like the developing office furniture market and the expanding manufacturing sector may also drive the market revenue growth of edge bending machines. However, edge bending angles larger than 90 degrees require more sophisticated machinery that can impart some horizontal force.
There are several different edge bending machines with varying sizes and performance levels on the market. The many operational units included in the sorts of woodworking tools include rough trimming, precision glueing, end-cutting, and edge-pressure units.
Edge Bending Machine Market Region-wise Outlook
The market for edge bending machines is divided into seven major regions based on geography: North America, Eastern Europe, Latin America, Western Europe, Japan, Asia-Pacific, and the Middle East & Africa. Due to the region’s availability of skilled personnel, cutting-edge technology, well-established infrastructure for research and development, and the presence of major players, Asia-Pacific is predicted to overtake Europe and Japan as the market for edge bending machines globally.
Due to the increased need for wood goods and the availability of a potential client, the market in Asia-Pacific is predicted to develop at the highest rate. Additionally, the market for edge bending machines is expected to grow over the course of the forecast period due to factors such as rising demand for autonomous free edge benders and an extremely unorganised industry.
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.
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