Power Bender Market

Power Bender Market Outlook (2023-2033)

The global power bender market is expected to reach a valuation of US$ 1.3 billion in 2023 and further expand at a CAGR of 3.7% to climb to US$ 1.9 billion by the end of 2033.

From 2018 to 2022, worldwide sales of power benders increased at a CAGR of 2.1%, according to Fact.MR, a market research and competitive intelligence provider. The market is dominated by electrical benders, which are poised to hold 71.9% market share in 2023.

The global industry is expanding at an unprecedented rate. The sheer efficacy and efficiency with which automated industrial operations can produce products for everyday use have increased the demand for power bender machines. Over the forecast period of 2023 to 2033, demand for power benders is anticipated to grow steadily in the current scenario of rising industrial productivity and innovation.

Due to increased vertical industry competition, the need for power benders will continue to increase for manufacturing businesses. With the integration of bending material into end-use verticals, the promise of increased productivity, transparency, and efficiency can be realized.

• Augmenting utilization and integration of power benders in pipe/tube bending applications to positively impact market growth.
• North America and East Asia to witness high demand for power benders with the rising electrical and electronics industry.
• Increasing demand from end-use industries, including automotive, to drive the growth of the market.

Report Attributes	Details
Power Bender Market Size (2022A)	US$ 1.3 Billion
Estimated Market Value (2023E)	US$ 1.3 Billion
Forecasted Market Value (2033F)	US$ 1.9 Billion
Global Market Growth Rate (2023-2033)	3.7% CAGR
North America Market Value (2023)	US$ 338.1 Million
North America Market Share (2023)	25.1%
East Asia Market Value (2023)	US$ 340.2 Million
East Asia Market Share (2023)	25.3%
China Market Value (2023)	US$ 211.3 Million
China Market Share (2023)	15.7%
Market Share of Top 3 Countries	41.8%
Key Companies Profiled	Baileigh Industrial Bassett Industries Current Tools Incorporated Eagle Bending Machines Inc Edwards Manufacturing Company Faccin Group Gardner Bender Greenlee Mackma MetalPro Nargesa Reed Manufacturing Co Revolution Machine Tools Schind Swagelok Company Tridan International Inc

What’s Driving Demand Growth for Power Benders?

“Advancements in Product Portfolios to Drive Demand for Power Benders”

Pipe and tube bending machines have seen increased market adoption as a result of the construction and automotive industries’ expansion. To produce finished parts, power bender machines are used to bend pipes and tubes.

The global economic and market conditions are connected to this market expansion. To compete in the market, manufacturers of power bending have developed businesses that are strong, lean, flexible, and adaptable. The aerospace, oil and gas, shipbuilding, and construction machinery end-use industries are expanding significantly. Electrical bending machines are in high demand in low-cost manufacturing nations like China and the United States as a result.

This factor has a significant impact on developed nations and is anticipated to have an immediate impact on developing nation markets. Power bender machines are in high demand because customers are enthusiastically adopting the technology due to its advanced technology, availability, and collective offering.

“Innovation in Equipment & Processes to Aid Market Expansion”

With rapid development in end-use industries, the demand for complex and innovative products is increasing. New products using power benders are attracting the attention of equipment suppliers.

These represent great advantages in the introduction of these machines by SMEs. However, manufacturers have to look after the innovations in the materials used. As a result, increasing cost-cutting measures have enabled the penetration of machines into the very bottom layers of the industry.

“Increase in R&D to Support Manufacturers in Market Growth”

Based on current end-use industry trends, innovative capacity offerings assist in meeting future capacity requirements. Manufacturers of power benders primarily concentrate on product research and development with limited capacity offerings. Modern electric bending is more cost-effective and offers more flexibility and capacity than other types of bending.

Power bending machines of different capacities can handle different types of bending materials. Manufacturers’ focus on such bending angles helps them diversify their portfolios and fulfill the demand from different end-use sectors. Offering a different capacity of bending creates ample growth opportunities for the machine manufacturers allowing them to enhance demand during the forecast period.

Thereby, demand for power benders in the automotive industry is set to create an absolute dollar opportunity of US$ 640 million during the forecast period.

The above image highlights the market share analysis of power benders based on the end-use industry and region. Hydraulic benders will dominate with a 28.1% market share in 2023.

Country-wise Insights

What is the Market Scenario for Power Benders in the United States?

The United States market is expected to reach a valuation of US$ 292.1 million by 2023. The United States dominates the global market due to its huge investments in the automotive and electronics industries which are driving rapid growth during the forecast period. The increasing acceptance of industrial automation will improve efficiency in manufacturing and processing industries.

In addition to strong growth in automotive, electronics, and other end-user industries, power bending is also fueled by growth in these markets. Manufacturers in these regions are looking to offer highly technological machinery and services in a variety of ways to help grow the market.

Because of its strong economic growth and a significant number of market players operating in the region, the United States will hold 86.4% share of the North American market for power benders in 2023.

Why is China Expected to Be a Highly Lucrative Market for Power Bender Manufacturers?

China is expected to be the highest contributor to power benders and is expected to hold 62.1% of the East Asia market share in 2023. China holds the largest automotive industry in the world. The automotive industry is considered one of the main pillars of the Chinese economy. Power bender market is also supported to grow along with those growing end-use industries in that region.

In China, local manufacturers are dominant and have a large market share in terms of value. This is due to the country's manufacturing capabilities and unwavering commitment to integrating high-end technology into its factories, driving power bender's significant growth. Moreover, China is expected to grow at a CAGR of 4.4% through 2033.

Category-wise Insights

Will Electric Benders Create Additional Revenue Generation Opportunities?

Since they are more precise, simpler to use, and use less electricity, electric bending machines are preferred over hydraulic bending machines. In the aerospace sector, where large and heavy workpieces must be bent, accuracy is essential. It is not only much more energy-efficient than bending machines based on older technologies, but it is also extremely accurate. A well-known industrial sector is attempting to connect its warehouse and supply chain logistics systems.

Thus, the adoption of electrical power bender machines has increased steadily in the last half-decade and will reach a market valuation of US$ 968.5 million in 2023. Furthermore, electrical power benders are predicted to create significant growth opportunities during the forecasted period.

Which End Use of Power Benders is Most Prominent?

The steady expansion of the automotive industry will be the main factor in increasing the revenue of the global power bender market over the coming years. In addition, increasing demand for these products from the shipbuilding and aerospace sectors, a result of increased commercial activity and government funding, is a key factor that is opening new areas for growth over the coming years.

A major end-use sector where the demand for bending machine products is increasing is the automotive industry due to the large number of applications in which these products are required. As a result, power bender demand in the automotive industry will reach a valuation of US$ 366 million and hold around 27.2% market share in 2023.

Competitive Landscape

Prominent power bender manufacturers are Baileigh Industrial, Bassett Industries, Current Tools Incorporated, Eagle Bending Machines Inc, Edwards Manufacturing Company, Faccin Group, Gardner Bender, Greenlee, Mackma, MetalPro, Nargesa, Reed Manufacturing Co, Revolution Machine Tools, Schind, Swagelok Company, and Tridan International Inc.

Multiple marketing strategies have been adopted such as strategic alliances, products launch, acquisitions, partnership agreements, capacity expansion, and many more by several market players.

In addition, research and development are also used strategically by businesses to increase their market share and attract a larger customer base. As a result, the market for power benders is expanding due to these techniques.

Fact.MR has provided detailed information about the price points of key manufacturers of power benders positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Segmentation of Power Bender Industry Research

• By Machine Type :

  • Hydraulic Benders
  • Electrical Benders

• By Bending Angle :

  • Up to 90 Degrees
  • Above 90 Degrees

• By Motor Capacity :

  • Up to 5 HP
  • 5-10 HP
  • 10-20 HP
  • 20-50 HP
  • Above 50 HP

• By End-use Industry :

  • Automotive
  • Aerospace / Military
  • Electrical & Electronics
  • Oil & Gas
  • Power & Energy
  • Healthcare
  • Others

• By Region :

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • MEA