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 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.
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.
Read more: Punching Machine Market size to increase by USD 154.6 Mn | Driven by rising industrial automation globally