Blanking Machine Market shall reach a value of $2x61.4 Million in 2027, growing with a CAGR of 12.13% during the forecast period of 2020 to 2027.
Blanking Machine Market Growth and Trends
Blanking machines are extensively used in blanking or cutting materials such as fabric, paper, plastics, sponge, cardboard and plywood among others. Innovation in industries specially automobile and aerospace requiring complicated designer parts has driven the blanking machine market extensively. Seeking high accuracy and finishing in these parts have led to the development of automatic and CNC blanking machines. This eliminates the scope of human error thus, gaining high traction. The increased requirement for industrial parts and machineries has led to the evolution in blanking machine market. Owing to the excessive supply of raw materials, the machine price is decreasing making it even more attractive. Adaption of laser blanking machines has reduced power consumption and offered high efficiency. Blanking machines are broadly used in the production of metalwork pieces widely used in packaging, airbags. The ever evolving consumer electronics market fuels the demand for innovative designs and features. This requires artisanal precision in designing of several parts of the end product, which can be achieved through the new blanking machine technologies such as 3D printing, CAM and CAD based blanking.
Blanking Machine Industry Regional Analysis
About 50% of the market value can be attributed to the Asia Pacific region owing to the shift of manufacturing unit setups due to presence of cheap and skilled labors and large scale industrial expansion. The investment capital for industrialization has increased attracting the key industrial players. The most profiting industries in the blanking machine market in Asia Pacific is certainly the automobile industry. Widespread presence of automobile and aerospace industries in North America asserts to its share in the growth value percentile. Europe made the third largest contributor to the upscaling market of blanking machines pertaining to the significant usage for industrial purposes.
The replacement of metals by polymers in order to reduce the overall weight of the automobiles has caused a decline in the use of blanking machines. Polymers do not require any blanking, eliminating the need for such machines altogether, affecting the upsurge in the market and lowering its demand.
Blanking Machine Market Research Report Scope/Definition
For the purpose of this market research, a blanking machine is defined as a machine used for cutting or blanking accurately soft delicate materials like fabrics and paper. They can also be used to blank or cut hard materials such as a sponge, plywood, and rubber. The blanking machine is primarily used to produce economical metal work-piece using either sheet or strip metal for electrical appliances, packaging materials, airbags for automobiles, and certain parts for mobile phones that require precision. Blanking machines are primarily produced in mostly the Group of Eight industrial nations like the United States, Germany, England, France, Italy, and Japan. Additionally, upcoming industrialized countries show an increase in the use of blanking machines due to increased demand for industrial-based products that need blanking machines. Advanced technological innovations in terms of improved blanking process, the introduction of new features, and the rising consumption trend in industries like telecommunication and appliances are assisting the blanking machine market is growing.
Blanking Machine Market Share and Competition
Key companies operating in this industry are: Amada Corporation, Schuler, AutoPrint, Torontech Incorporated, Suzhou Huagong Technology, Ueshima Seisakusho Corporation, Jet Pack Machines Pvt Ltd, Autoprint Machinery Manufacturers Pvt. Ltd, Hagel Automation GmbH, and Lapmaster Wolters GmbH.
Blanking Machine Market Research Report Analysis Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2021 – 2028)
• Data breakdown for every market segment (2021 – 2028)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Product Type Analysis (Revenue, USD Million, 2021 - 2028)
• Hydraulic Type
• Pneumatic Type
• Mechanical Type
Material Analysis (Revenue, USD Million, 2021 - 2028)
• Stainless steel
• Carbon alloy
• Copper
• Aluminium
End-Use Industry Analysis (Revenue, USD Million, 2021 - 2028)
• Automobile Industry
• Aerospace Industry
• Kitchen Appliances
• Others
Region Analysis (Revenue, USD Million, 2021 - 2028)
• United States
• Canada
• Mexico
• France
• Germany
• Italy
• Spain
• United Kingdom
• Russia
• China
• India
• Philippines
• Malaysia
• Australia
• Austria
• South Korea
• Middle East
• Japan
• Africa
• Rest of World
Blanking Machine Industry Companies
• Amada Corporation
• Schuler
• AutoPrint
• Torontech Incorporated
• Suzhou Huagong Technology
• Ueshima Seisakusho Corporation
• Jet Pack Machines Pvt Ltd
• Autoprint Machinery Manufacturers Pvt. Ltd
• Hagel Automation GmbH
• Lapmaster Wolters GmbH
Available Versions of Blanking Machine Market: -
United States Industry Research Report
Europe Industry Research Report
Asia Pacific Industry Research Report
India Industry Research Report
