Global Pipe Bending Machines Market By Power (Manual, Electric, Hydraulic and Pneumatic), By Industry Vertical (Automotive, Aerospace, Shipbuilding and Construction) and By Regions - Global Forecast to 2030

“Global Pipe Bending Machines Market” is the title of a recently published market report compiled by MarketResearch.Biz. The report contains information and data, and inputs from both primary and secondary data sources, that have been verified and validated by experts in the target market. The report presents a thorough study of revenues, historical data, and information, key developments, and strategies by major players that offer vital insights and perspectives in to various scenarios market. Besides critical data and related information, the report includes key trends (both present and future), factors that are driving market growth, factors that are or could be potential restraints to market growth, as well as opportunities that can be leveraged for potential revenue generation in untapped regions and countries. It also covers threats or challenges for existing as well as new entrants in the market. The global pipe bending machines market has been segmented on the basis of power, industry, as well as regions and countries.

The Global Pipe Bending Machines Market was valued at UЅD $1,632.0 Мn in 2020, and is projected to achieve a valuation of UЅD $2,498.5 Мn by 2030, at a САGR of 5.2%.

Overview:

Pipe bending or tube bending is any metal forming process used to permanently form or shape pipes or tubing. Pipe bending may be form-bound or use freeform-bending procedures, and it may use heat supported or cold forming procedures.

Dynamics:

A primary end-use sector whose demand for pipe bending machine products is continually increasing is the automotive industry, owing to the numerous applications that these products are required for. The steady expansion of the automotive sector is a primary factor that is anticipated to boost the revenue growth for the global pipe bending machines market over the next 10 years. Moreover, the increasing demand for these products from the shipbuilding and aerospace sectors as a direct result of increased growing trade activities and government funding are also major factors that are expected to open-up new areas for market growth in the coming years.

Furthermore, the high availability of these machines at varying price points, as well as the numerous advantages of these machines such as low wastage, high accuracy, interchangeable tools compatibility, high volume production, etc., are also major factors that are slated to impact the revenue growth of the global pipe bending machines market in the near future.

However, in light of the recent COVID-19 outbreak, the operations of numerous industries have either been temporarily halted or are functioning with a minimal workforce due to enforced lockdowns and imposed restrictions by respective governing bodies. The global pipe bending machines market is no different, and this factor is anticipated to have a significantly negative impact on the revenue growth of this industry. Moreover, the high initial installation and maintenance costs associated with certain types of pipe bending machines is also a factor that may restrain the revenue growth of the global pipe bending machines market over the forecast period.

Nonetheless, the inevitable onset of industry 4.0, as well as the steady increase in automation solutions among various end-use industries are some of the other factors that are anticipated to exponentially boost the demand for these pipe bending products, in turn, securing greater opportunities for improved market growth in the years to come.

Segmentation of the Global Pipe Bending Machines Market is as follows:

In terms of power, the electric segment accounted for the maximum number of revenue shares of the global pipe bending machines market in 2020, and is expected to continue doing so over the forecast period. The hydraulic segment is also anticipated to index a high CAGR over the next 10 years.

On the basis of industry vertical, the automotive segment accounted for the maximum number of revenue shares of the global pipe bending machines market in 2020, and this segment is slated to continue to do so over the next 10 years. The aerospace segment is expected to register a high CAGR over the forecast period.

Regional Segmentation and Analysis:

Markets in the Asia Pacific region accounted for the maximum number of revenue shares of the global pipe bending machines market in 2020, and are indicative of remaining this industry’s front-runner over the next decade. North America is also anticipated to register a high CAGR over the course of the forecast period.

Segmentation of the Global Pipe Bending Machines Market:

Segmentation by Power:

• Manual
• Electric
• Hydraulic
• Pneumatic

Segmentation by Industry Vertical:

• Automotive
• Aerospace
• Shipbuilding
• Construction
• Other Industry Verticals

Segmentation by Regions:

• North America
• Europe
• APAC
• Latin America
• MEA