Punching Machine Market size to increase by USD 154.6 Mn | Driven by rising industrial automation globally | Technavio

NEW YORK, Nov. 22, 2021 /PRNewswire/ — The punching machine market size is set to grow by USD 154.60 million from…

NEW YORK, Nov. 22, 2021 /PRNewswire/ — The punching machine market size is set to grow by USD 154.60 million from 2020 to 2025, according to Technavio. However, the market’s growth momentum is expected to decelerate at a CAGR of 2.12% during the forecast period.

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The market is fragmented, and the degree of fragmentation will decelerate during the forecast period. Rising industrial automation globally and growing demand for CNC machines will offer immense growth opportunities. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments while maintaining their positions in the slow-growing segments.

The report covers the following areas:

Punching Machine Market 2021-2025: Segmentation

  • End-user
    • Automotive Industry
    • Chemical Industry
    • Construction Industry
    • Others
  • Geography
    • APAC
    • Europe
    • North America
    • MEA
    • South America

The market observed maximum demand for punching machines from the automotive industry in 2020. The rising adoption of varied machine tools, including punching machines for the production of vehicles and automotive components is driving the growth of the punching machine market in the automotive segment. Similarly, the APAC will generate significant growth opportunities for punching machine manufacturers during the forecast period. The region currently holds 56% of the global market share. China, Japan, and South Korea (Republic of Korea) are the key markets for punching machines in APAC.

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Punching Machine Market 2021-2025: Vendor Analysis and Scope

To help businesses improve their market position, the punching machine market provides a detailed analysis of around 25 vendors operating in the market. Some of these vendors include AMADA Co. Ltd., Baileigh Industrial Holdings LLC, Baruffaldi Plastic Technology Srl, Boschert GmbH and Co. KG, Durmazlar Makina AS, NITTO KOHKI CO. LTD., Oemme SpA, TAMA Aps, TRUMPF GmbH Co. KG, and Wanzke Umformtechnologie GmbH.

The rising industrial automation globally will offer immense growth opportunities. However, the availability of used punching machines will hamper the market growth.

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Punching Machine Market 2021-2025: Key Highlights

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will assist punching machine market growth during the next five years
  • Estimation of the punching machine market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the punching machine market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of punching machine market vendors

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Punching Machine Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Decelerate at a CAGR of 2.12%

Market growth 2021-2025

USD 154.60 million

Market structure

Fragmented

YoY growth (%)

3.17

Regional analysis

APAC, Europe, North America, MEA, and South America

Performing market contribution

APAC at 56%

Key consumer countries

China, US, Germany, Japan, and South Korea (Republic of Korea)

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

AMADA Co. Ltd., Baileigh Industrial Holdings LLC, Baruffaldi Plastic Technology Srl, Boschert GmbH and Co. KG, Durmazlar Makina AS, NITTO KOHKI CO. LTD., Oemme SpA, TAMA Aps, TRUMPF GmbH Co. KG, and Wanzke Umformtechnologie GmbH

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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