Blanking is a widely used process in the manufacturing industry. In blanking process, a piece of material is removed from a metal strip when that material is punched. The part of material which gets cut is called as blank. Blanks of different size and shape can be cut by using blanking machine. Blanking operation and piercing operation are considered as similar operation. For both operations, blanking machine is used in large extent. Various types of materials such as soft and hard materials can be cut by using blanking machine.

Market scope and structure

COVID-19 scenario analysis:

• The demand for blanking machines is expected to decrease in the year 2020, owing to low demand from different industries such as manufacturing and aerospace industry due to lockdown imposed by government of many countries.
• COVID-19 pandemic has shut-down production of various products in the blanking machines industry, mainly owing to prolonged lockdown in major global countries. This has hampered growth of the blanking machines market significantly from last few months, as is likely to continue during 2020.
• COVID-19 has already affected sales of equipment and machinery in the first quarter of 2020 and is expectedto cause a negative impact on the market growth throughout the year.
• The major demand for equipment and machinery was previously noticed from giant manufacturing countries including the U.S., Germany, Italy, the UK, and China, which is badly affected by the spread of corona virus, thereby halting demand for equipment and machinery.
• Further, potential impact of the lockdown is currently vague and financial recovery of companies is totally based on its cash reserves. Equipment and machinery companies can afford a full lockdown only for a few months, after which the players would have to modify their investment plans.
• Equipment and machinery manufacturers must focus on protecting their workforce, operations, and supply chains to respond toward immediate crises and find new ways of working after COVID-19 infection cases start to decrease.

Top impacting factors:

Different types of pieces of materials can be cut by using blanking machine. These machines are also used to cut or to perform the blanking of the material which is comparatively delicate and soft material such as fabric and paper. Hard materials such as plywood, function film, sponge and rubber can also be cut by using these blanking machines. The workpiece which is used in sheet metal working process is produced with the help of blanking machines. Producing the strip metal and sheet metal becomes very economical for the company if it is done by using blanking machine. These strip metal and sheet metal are used for the automobile airbags, packaging of the electrical appliances, parts of the smart phones and for other packaging materials as well. Many industrial products which are manufactured in different companies across the world require blanking operation.

Fine blanking is considered as the special type of the blanking process. In the fine blanking process, no fracture zone occurs during the shearing of the workpiece. In fine blanking process, whole part is compressed and it is extracted by using the lower punch and upper punch. Owing to fine blanking, accurate blanking is achieved and it also eliminates the need of secondary operation. The materials such as stainless steel, carbon alloy, copper, brass, and aluminum are blanked by using fine blanking process.  

New product launch to flourish the market:

Many companies in blanking machine market are developing and introducing new products to the market. These new products are technologically more advanced than previous range of their products. These new products are more efficient and effective in their performance and are widely used in the industry.

In April 2018, Prima Power has launched newly developed blanking and piercing machine named as Laser Next 2141 3D fiber laser machine. This machine is based on the laser technology and is designed to perform the operation of stamped metal parts. It is widely used in automotive industry where more number of blanked parts are required. This machine comes with and advanced control system hence, it increases the efficiency and accuracy of the machine.

Key driving factors for the growth of blanking machine market:

The aerospace industry is growing in many countries across the globe. In the aerospace industry, manufacturing of many parts needs to be done by using the blanking process and requires advanced blanking machine. This could be the key driving factor for the growth of the blanking machine market.

Key restraining factors for the growth of blanking machine market:

Many companies in the automotive industry have started using the polymer in place of the metals for producing various components. Use of polymer reduces weight of a product and it does not require processes such as blanking. This factor could hamper growth of the blanking machine market.

Key segments covered:

Key benefits of the report:

• This study presents the analytical depiction of the blanking machines market along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the market share.
• The current market is quantitatively analyzed from 2020 to 2027 to highlight the market growth scenario.
• The report provides a detailed blanking machines market analysis based on competitive intensity and how the competition will take shape in coming years.