Blanking Machine Market

The global blanking machine market size was valued at $927.9 million in 2020, and is expected to reach $1,457.6 million by 2030, with a CAGR of 4.2% from 2021 to 2030. 

The halted manufacturing in industries and prolonged lockdown in various countries due to the COVID-19 pandemic has affected the blanking machine products supply chain.

Blanking machine is used to cut, and shear metal material, and rubber for making innovative products. Blanking machine cuts the material or piece of metal in attractive and customizable shapes, and sizes. It is used to make strip material for packaging materials, electrical appliance packaging, airbags for automobile, and precision smartphone accessories. It is rigid and accurate. 

There is a rise in the adoption of blanking machines by various end users such as automotive, aerospace, defense, and other sectors as these machines are highly efficient and highly productive. This rise in adoption boosts the of the global blanking machine market growth. The urban population is projected to rise by 2050; thereby, fueling the demand for mobiles, cars, and electronics devices, which in turn, increases the demand for blanking machine to make precision components. This fosters the market growth. Rise in infrastructure activities in developing countries such as India, Brazil, and others is expected to drive the demand for blanking machine, which fuels the growth of the blanking machine.  

An increase in urbanization and industrialization in emerging countries such as Germany, France, the U.S., and others drives the demand for automotive vehicle. This is expected to fuel the demand for blanking machine to make precision component such as airbag, car door, and others thereby, driving the growth of the global market. For instance, degree of urbanization in the U.S. increased by 0.4% from 2017 to 2019.

In addition, blanking machine is used in various industry verticals such as automotive, aerospace, and defense, owing to rise in demand for blanking machine. The healthcare industry in various countries such as the UK, the U.S., and India is growing at a significant pace, due to increase in investments in this sector by government. For instance, in 2018, the UK Government spent $252.9 billion on the healthcare industry. This is expected to drive the demand for blanking machine market, owing to features such as highly efficient, rigid, and high revolution per minute (rpm).  

However, fluctuation in foreign currencies and volatile economic condition in the developing economies are anticipated to hamper the growth of the global blanking machine. Furthermore, growth in machinery and equipment manufacturing sector is anticipated to provide lucrative opportunities for the growth of the global blanking machine.  

The blanking machine market is segmented on the basis of product type, material, end user, and region. On the basis of product type, the market is divided into hydraulic, pneumatic, and mechanical. Mechanical segment generated the highest revenue in 2020. On the basis of material, the market is divided into steel, aluminum, alloy, and others. Steel segment dominated the market in 2020. On the basis of end user, the market is categorized into automobile industry, aerospace industry, home applications, and others. Automobile segment generated the highest revenue in 2020. 

Region wise, the blanking machine market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Germany, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, Australia, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). In 2020, Asia-Pacific was the highest contributor to the global blanking machine market share, and is anticipated to secure a leading position during the forecast period.

Competition Analysis

Key players profiled in this report include AMADA CO Ltd, Hagel Automation GmbH, Autoprint Machinery Manufacturers Pvt Ltd, Hubei Tri-ring Metalforming Equipment Co Ltd, Jet Pack Machines Pvt Ltd, Komori Corporation, Precision Surfacing Solutions (Lapmaster Wolters), Schuler AG, Torontech Inc., and Ueshima Seisakusho Co Ltd.

Major players such as Komori Corporation, Hagel Automation GmbH, and Jet Pack Machinery Pvt Ltd, are engaged in offering new blanking machine to the market, for improve the product portfolio of blanking machine products. For instance, in January 2020, Autoprint Machinery Manufacturers Pvt Ltd launched a new small version of Checkmate 50 at Pamex 2020 which is held between 6 and 9 January 2020, at Bombay Exhibition Center in Mumbai.  It has dimension of 250X300mm length, and can run at maximum speed of 250 m/min.

Key Benefits For Stakeholders

• The report provides an extensive analysis of the current blanking machine market trends and future estimations.  
• Extensive analysis of global blanking machine is conducted by following key product positioning and monitoring of the top competitors within the market framework.
• A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
• The global blanking machine market forecast analysis from 2021 to 2030 is included in the report.
• The key market players within the global blanking machine market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the global market.

 Blanking Machine Market Report Highlights