Int'l : +1-503-894-6022 | Toll Free : +1-800-792-5285 | help@alliedmarketresearch.com
A07710 | Pages: NA | Charts: NA | Tables: NA |
Metal folding processes is a process in which bending, edging, braking, and flanging is done. Metal folding is an important stage in the metal fabrication process. Metal folding has all the processes such as folding, bending, and pressing of sheet metal into an already determined shape. These metal folding machines are used to create various products such as enclosures, pipes, and boxes. Using this, a sheet metal can be given any shape in many ways. This includes rolling, bending, shearing, and indenting. Advanced metal folding technology includes high-speed bending cells and automated panel bender machines. For example, sheet metal fabricators adopt advanced 3D CADCAM systems to develop and design complex folded components.
This automatic bending machine reduces the cycle time to a great extent, and if the application is symmetric, the automatic bending machine then decreases the production cycle time. With the modern concept of autonomous cars, the automotive industry has seen a significant growth rate. The automotive industry is introduced to newer technological trends like electric and hybrid vehicles, in-vehicle management systems, autonomous cars, and passenger safety systems.
COVID-19 pandemic has shut-down the production of various products in cooling tower market industry, mainly owing to the prolonged lockdown in major global countries. This has hampered the growth of cooling tower market significantly from last few months, as is likely to continue during 2020.
COVID-19 has already affected the sales of equipment and machinery in the first quarter of 2020 and is likely to 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 coronavirus, thereby halting the 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
Some factors that affects the growth of market are increasing demand of advance technology in industries, efficiency and low power consumption.
Rise in demand for advanced metal folding technology in the automotive industry is expected to boost the demand for metal folding machines in the next few years. Increase in disposable income of consumers and economic expansion are anticipated to propel the production of vehicles in the next few years. This, in turn, is estimated to drive the metal folding machine market across the globe. Growth in penetration of Computer Numerical Control (CNC) machines is another key factor projected to propel the demand for metal folding machines across the globe. CNC metal folding machines are automatic machine tools that allow for precise operation of stored programmable commands. On the other hand, an operator decides numerous machine parameters in conventional machines, including the depth and feed of cut according to the requirements. Integration of Internet of Things (IoT) in manufacturing is likely to be a major trend augmenting the market in the next few years.
High cost of automatic metal folding machines compared to manually operated machines and with volatility in construction activities due to the sudden economic turmoil across the globe are expected to hamper the global metal folding machine market in the near future. Automatic metal folding machine increases productivity; however, many small and medium sized enterprises across the globe cannot purchase these machines because of their high costs. This reduces the efficiency in penetration of manufacturers in the market, thereby restraining the global metal folding machine market.
Electric bending machines are preferred over hydraulic, pneumatic, and induction-based bending machines because of their good efficiency, ease of use, low power consumption. Electric bending machines are often used in the automotive, aerospace, construction, and shipbuilding industries. In the aerospace industry, precision is required where heavy work pieces need to be bent. Electric bending machines not only offer precision but also are more power-efficient than bending machines based on other technologies.
A large network of tubes and pipes are part of the aerospace, shipbuilding, automotive, and construction industries. These tubes or pipes are used to transport or channelize gas, liquid, or solid substances. Tubes or pipes come in various sizes and need to be bent at different positions, depending on the requirement. A few of the applications in the aerospace industry require precise bending of tubes/pipes. More often, roll benders are used to bend the tubes or pipes. Automatic tube/pipe benders have automatic pipe loading and unloading mechanism
Key benefits of the report:
Key Market Segments
Key Market Players