The market is fragmented, and the degree of fragmentation will decelerate during the forecast period. Rising industrial automation globally and growing demand for CNC machines will offer immense growth opportunities. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments while maintaining their positions in the slow-growing segments.

The report covers the following areas:

  • Punching Machine Market size
  • Punching Machine Market trends
  • Punching Machine Market industry analysis
  • Punching Machine Market 2021-2025: Segmentation

End-user

  • Automotive Industry
  • Chemical Industry
  • Construction Industry
  • Others

The market observed maximum demand for punching machines from the automotive industry in 2020. The rising adoption of varied machine tools, including punching machines for the production of vehicles and automotive components is driving the growth of the punching machine market in the automotive segment. Similarly, the APAC will generate significant growth opportunities for punching machine manufacturers during the forecast period. The region currently holds 56% of the global market share. China, Japan, and South Korea (Republic of Korea) are the key markets for punching machines in APAC.

Read more: Punching Machine Market size to increase by USD 154.6 Mn | Driven by rising industrial automation globally