Blanking Machines Market by Application and Geography - Forecast and Analysis 2020-2024

The global blanking machine market size has the potential to grow by USD 362.17 million during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.

This report provides a detailed analysis of the market by geography (APAC, Europe, MEA, North America, and South America) and application (automotive, industrial machinery, consumer electronics, aerospace and defense, and others). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Autoprint Machinery Manufacturers Pvt. Ltd., Hagel Automation GmbH, HUBEI TRI-RING METALFORMING EQUIPMENT Co. Ltd., Komori Corp., Lapmaster Wolters GmbH, Sakamoto Zoki Co. Ltd., Schuler AG, Torontech Inc., Yutian UANCHOR Packaging Machinery Co. Ltd., and ZwickRoell GmbH & Co. KG.

Market Overview

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Market Competitive Analysis

The market is fragmented, and the degree of fragmentation will remain the same during the forecast period. Yutian UANCHOR Packaging Machinery Co. Ltd. and ZwickRoell GmbH & Co. KG. are some of the major market participants. Although the accelerating growth momentum will offer immense growth opportunities, the increasing complexity of blanking product designs will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this blanking machine market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and provides information on the products offered by various companies. Moreover, this blanking machine market analysis report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading blanking machine companies, including:

• Autoprint Machinery Manufacturers Pvt. Ltd.
• Hagel Automation GmbH
• HUBEI TRI-RING METALFORMING EQUIPMENT Co. Ltd.
• Komori Corp.
• Lapmaster Wolters GmbH
• Sakamoto Zoki Co. Ltd.
• Schuler AG
• Torontech Inc.
• Yutian UANCHOR Packaging Machinery Co. Ltd.
• ZwickRoell GmbH & Co. KG

Blanking Machines Market: Segmentation by Region

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APAC was the largest market for blanking machines in 2019, and the region offers several growth opportunities to market vendors during the forecast period. The availability of low-cost labor, skilled workforce, and strong growth of the manufacturing sector in the region will significantly influence the growth of the blanking machine market.

Over 57% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for blanking machines in APAC. Market growth in this region will be slower than the growth of the market in South America and MEA.

Blanking Machines Market: Segmentation by Application

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The rising demand for automobiles and automotive parts will lead to the expansion and construction of new product plants, which in turn, will drive the need for various machine tools, including blanking machines. Moreover, the increasing competition that is encouraging manufacturers to offer highly differentiated products and the continuous advancement in blanking machines that have led to the introduction of laser blanking machines will also influence the adoption of blanking machines by the automotive industry.

However, market growth in this segment will be slower than the growth of the market in consumer electronics, industrial machinery, aerospace and defense, and others’ segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the blanking machine market size.

Blanking Machines Market: Key Drivers and Trends

The need for high accuracy and automation in the blanking process has led to the adoption of CNC blanking machines. The use of computer-aided design (CAD) and computer-aided manufacturing (CAM) software to design CNC machine components is resulting in high levels of accuracy. Additionally, these machines reduce human effort and time and offer more accurate finishing than conventional blanking machines. For instance, the numerically controlled blanking machines from Sakamoto Zoki provide high precision and a user-friendly interface with color display panels, die locking systems by electric die holders, stable power, high rigidity, and significantly shortens the blanking time. The adoption of CNC blanking machines will significantly influence blanking machine market growth over the forecast period.

• The continuous adoption and innovation of CNC machines control tool movements by computer programming software, which in turn, improves the accuracy and reduces the processing time.
• In laser blanking machines, the functionality of tools is replaced by laser beams, where determined shape is obtained by the movement of flexible laser beams.
• Laser blanking machines provide the overall system with higher blanking efficiency with less power consumption.
• There is also an increase in the acceptance and adoption of 3D printing components in the automotive and aircraft industries.
• During 2020-2024, the market will grow at a CAGR of over 3%.

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Blanking Machines Market: Key Highlights of the Report for the Forecast Period 2020-2024

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will accelerate the blanking machine market growth during the next five years
• Precise estimation of the global blanking machine market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the blanking machine industry across APAC, Europe, MEA, North America, and South America
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of blanking machine vendors

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