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The Punching Machine Market size is estimated to grow at a CAGR of 3.56% between 2022 and 2027. The market size is forecast to increase by USD 361.93 million. The growth of the market depends on several factors, such as the rising industrial automation globally, the growing demand for CNC machines, and the growth in the automotive industry.
This report extensively covers market segmentation by type (hydraulic punching machine, mechanical punching machine, and others), end-user (automotive industry, chemical industry, construction industry, and others), and geography (APAC, Europe, North America, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges.
Punching Machine Market Forecast 2023-2027
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Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market. Although there has been a disruption in the growth of the market during the COVID-19 pandemic, a holistic analysis of drivers, trends, and challenges will help companies refine marketing strategies to gain a competitive advantage.
There is an increasing adoption of automated technologies due to the rising need to reduce manual labor input and increase productivity. The main advantage of industrial automation is that it enhances the bottom line operational efficiency and productivity of manufacturers. As a result, there is an increasing preference for industrial automation by manufacturers across the world.
Therefore, it is significantly increasing the demand for advanced machine tools, including punching machines, to meet the complex machining needs of automated technologies. Furthermore, the increasing focus by emerging economies on improving manufacturing output and productivity is fuelling the demand for industrial automation equipment. Hence, such factors are positively impacting the market. Therefore, it's expected to drive the market growth during the forecast period.
There is an increasing adoption of high-speed steel (HSS) metal-cutting tools including punching machines which are extensively used by companies across different sectors such as the automotive, aerospace, shipbuilding, die mold, part manufacturers, tool rooms, heavy industries, electrical, electronics, healthcare, oil and gas, energy, and consumer utilities. The main advantage of this tool which fuels its adoption is the increased ease and efficiency in the development of quality products.
Moreover, there is an increasing demand from customers for superior-quality products in minimal time and at a reduced cost. As a result, several enterprises are increasingly implementing HSS metal-cutting tools such as punching machines, milling tools, drilling tools, tapping tools, reaming tools, counter-boring tools, broaching tools, and gear-cutting tools to meet the growing needs of customers. Hence, such factors are positively impacting the market. Therefore, it is expected to drive the market growth during the forecast period.
There is a huge capital investment required for the implementation of the advanced innovative punching tools in the market. Some of the key raw materials that are required for the manufacture of punching machines for drilling, boring, lathes, gear cutting, grinding, and polishing machines include iron and steel, aluminum, stainless steel, titanium, brass, copper, and other alloys.
Moreover, the price volatility of these raw materials is significantly disrupting the pricing strategy of machine tool manufacturers. Additionally, it is essential to train the workforce on the new and advanced tools which is adding to the overall costs. Hence, such factors are negatively impacting the market which, in turn, will hinder the market during the forecast period.
The hydraulic punching machine segment is estimated to witness significant growth during the forecast period. The main advantage of hydraulic punching machines is that they provide high precision and productivity, making them suitable for tasks including hole punching, notching, and forming metal sheets and plates. Additionally, there is an increasing focus on automation and precision by manufacturers to enhance their production processes, thereby contributing to the demand for hydraulic punching machines segment.
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The hydraulic punching machine segment was the largest segment and was valued at USD 795.53 million in 2017. There is an increasing demand for hydraulic punching machines across various industries such as automotive, aerospace, construction, and metal fabrication for different applications including hole punching, blanking, stamping, and forming. Furthermore, the rapid expansion of these industries fuels the demand for efficient and versatile punching machines. Factors such as the rising need for efficient, versatile, and cost-effective solutions in different industries, including aerospace, construction, and metal fabrication, as well as the ongoing advancements in technology and the push for more sustainable manufacturing practices, are expected to fuel the growth of this segment which in turn will drive the market growth during the forecast period.
Based on end-user, the segment is classified into the automotive industry, chemical industry, construction industry, and others. Factors such as the rising adoption of varied machine tools, including punching machines, for the production of vehicles and automotive components are fuelling the growth of this segment. Additionally, there is a growing use of high-precision machine tools among automotive OEMs and component manufacturers due to the increasing complexity of modern automobiles, resulting in intricate component designs. There is an increasing adoption of cutting tools such as punching machines in the automotive segment for shaping or processing a range of automotive components that must be fixed in vehicles. Hence, such factors are expected to fuel the growth of this segment which in turn will drive the market growth during the forecast period.
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APAC is estimated to contribute 56% to the growth by 2027. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period. There is a strong presence of manufacturing industries in several countries in APAC such as China, Japan, India, Taiwan, and South Korea. As a result, there is a significant consumption of different industrial tools and machines, such as punching machines.
Furthermore, the increasing establishment of manufacturing facilities is outpacing the consumption of industrial tools in developed regions such as North America and Europe. In addition, there is a rapid expansion of manufacturers to increase their market presence across other major emerging economies, such as India, to take advantage of low-cost production and the availability of a skilled workforce. Hence, such factors are driving the market growth in the region during the forecast period.
In 2020, during the COVID-19 pandemic, the growth of the global punching machine market witnessed a significant slowdown due to the temporary shutdown of operations of industries such as automotive, construction, and chemicals in APAC. However, in 2021, the initiation of large-scale vaccination drives lifted the lockdown and travel restrictions, which led to the restoration of operations in these manufacturing units. Such factors are expected to drive the market during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
AMADA Co. Ltd: The company offers punching machines such as EM ZR series punching machines, EM MII series punching machines with AC servo direct twin drive system and AE NT series punching machines with Highly rigid bridge frame.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:
Baruffaldi Plastic Technology Srl, Boschert GmbH and Co. KG, Broachcutter Drilling Machines Pvt. Ltd., CUUMED CATHETER MEDICAL CO. LTD., Dallan SpA, DANOBAT GROUP S. Coop., Durmazlar Makina AS, Hydro Power Tech Engineering, iPan Machineries India Pvt. Ltd., JPW Industries Inc., NITTO KOHKI Co. Ltd., Oemme SpA, Produtech Srl, Rheon Automatic Machinery Co. Ltd., Schind Machines, TAMA Aps, TRUMPF SE Co. KG, W.W. Grainger Inc., and Wanzke Umformtechnologie GmbH.
Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The punching machine market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Punching Machine Market Scope |
|
Report Coverage |
Details |
Page number |
172 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3.56% |
Market growth 2023-2027 |
USD 361.93 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
3.2 |
Regional analysis |
APAC, Europe, North America, Middle East and Africa, and South America |
Performing market contribution |
APAC at 56% |
Key countries |
US, China, Japan, South Korea, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
AMADA Co. Ltd., Baruffaldi Plastic Technology Srl, Boschert GmbH and Co. KG, Broachcutter Drilling Machines Pvt. Ltd., CUUMED CATHETER MEDICAL CO. LTD., Dallan SpA, DANOBAT GROUP S. Coop., Durmazlar Makina AS, Hydro Power Tech Engineering, iPan Machineries India Pvt. Ltd., JPW Industries Inc., NITTO KOHKI Co. Ltd., Oemme SpA, Produtech Srl, Rheon Automatic Machinery Co. Ltd., Schind Machines, TAMA Aps, TRUMPF SE Co. KG, W.W. Grainger Inc., 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 recovery analysis and future consumer dynamics, and 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. |
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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