Blanking Machine Market Size, Share, and COVID-19 Impact Analysis, By Type (Pneumatic, Hydraulic, and Mechanical), By Material (Steel, Aluminum, Alloy, and Others), By End User (Automobile, Aerospace, Home Appliances, and Others), By Product Type (Laser Machine, Punch, and Laser Combination Machine), and Regional Forecast, 2024-2032

Blanking operation is considered a fundamental operation in the manufacturing industry since it is used to punch out lots of identical shapes from large sheets of metal of raw material. Captivated and desired shapes and sizes can be obtained from this expedited production. In addition, it’s a time-saving and economical operation and hence has applications in aerospace, automotive, industrial machinery, defense, and many more sectors.

The increased adoption of blanking machines is seen in aerospace, automotive, defense, and other sectors due to their high efficiency and high production rate. In addition to this, the demand for mobile phones, cars, and electronic devices is seen to rise exponentially, which propels this market for the production of precision parts. Emerging automotive, consumer electronics, and defense sectors are the market leaders in Blanking machines also due to rapidly growing manufacturing machinery industries increases the demand for the blanking machine.

Impact of COVID-19 on the Blanking Machine Market

The outbreak of the COVID-19 pandemic has been detrimental to the global market and thus to the end-user industries of the blanking machine market such as automotive, aerospace, defense, and all other sectors. Before the pandemic, due to the efficiency and precision of the blanking machine, the demand in automotive sectors was significantly growing but due to the unpredictable and sudden decision of the government of most countries to shut down the global markets, this lead to a decrease in demand of blanking machine. As the supply chain of most of the end users to the blanking market is disrupted due to the prolonged lockdown has significantly dented the blanking machine market. Although, it is expected to grow after the revival of end-user industries from the pandemic.

Key Insights

The report will cover the following key insights:

• Recent industry trends and developments.


• Competitive landscape & strategic key players.


• Complete background analysis including an assessment of the Global Blanking Machine Market.


• Impact of COVID-19 on the Blanking Machine Market.

Regional Analysis

• The market for blanking machine is anticipated to be dominated by Asia Pacific owing to continuous infrastructural developments in India and China. The leading companies Hubei Tri-Ring Metal forming Equipment Co. Ltd., Komari Corp., and Jet Pack Machines Pvt. Ltd. are bringing new technologies helps to drive the growth of the market.


• North America is anticipated to capture a major market share owing to the rise in urbanization and growing demand across the aerospace sector in the U.S. and Canada. Moreover, the presence of AMADA Oceania, one of the leading blanking machine makers, fuels regional growth.


• In Europe, the increasing demand for blanking machines from the automotive, aerospace, and defense industries expected to drive the growth of blanking machine market. The presence of Germany-based Hagel Automation boosts the regional market.


• LAMEA region is expected to rise in the forthcoming years, led by the expansion of the manufacturing sector.

Key Players

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., Ueshima Seisakusho Co Ltd

Segmentations

Key Industry Development

• In January 2020, Autoprint Machinery Manufacturers Pvt Ltd launched a new small version of Checkmate 50 at Pamex 2020. 


• In November 2020, HE-Machine launched the circle blanking coil feed, this reduces the metal waste also improves the production efficiency.


• Fagor Arrasate launched the fiber laser cutting machine with an automatic metal coil feeding system, making it more efficient and flexible.


• In September 2020, LVD Company NV launches the Strippit PL Punch-Laser combination enabling multiple processes on single machine.