Growing Urbanization and Rising Construction Industry to Fuel Metal Processing Machines Market Growth During Forecast Period
According to our latest study, "Metal Processing Machines Market Size and Forecast (2021–2031), Global and Regional Share, Trend, and Growth Opportunity Analysis – by Product Type and Geography," the market was valued at US$ 29.68 billion in 2024 and is expected to reach US$ 42.29 billion by 2031; it is estimated to record a CAGR of 5.0% from 2025 to 2031. The report includes growth prospects owing to the current metal processing machines market trends and their foreseeable impact during the forecast period.
Machine manufacturers such as TRUMPF SE + Co KGDurmazlar Machinery Inc; Bystronic AG; Prima Industrie SpA; Amada (India) Pvt Ltd; Salvagnini Italia SPA; Baykal Makina San Ve Tic AS; LVD Company NV; Dener USA LLC; Ermaksan Machinery Industry and Trade Inc; Durmazlar Machinery Inc; Coherent Corp; Jenoptik AG; Han's Laser Technology Industry Group Co. Ltd; Foshan Huibaisheng Laser Technology Co., Ltd; and LaserStar Technologies Corporation are the key players in the metal processing machines market. They design, develop, and produce a wide range of machines used in metal processing applications, including cutting, bending, welding, and forming. These manufacturers incorporate raw materials and components from suppliers to create efficient and reliable machines. Machine manufacturers need to stay updated with the latest technological advancements to meet the evolving needs of end users. To improve machine performance, increase productivity, and enhance energy efficiency, manufacturers need to adopt activities such as collaborations, partnerships, or acquisitions to bring innovation and expertise into the company's manufacturing unit. Strong partnerships with raw material and component providers are essential to ensure a steady supply and access to new technologies.
Metal Processing Machines Market Analysis — by Region (%, 2024)
Metal Processing Machines Market Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Product Type (Press Brake, Laser Cutting Machine, Bending Machine, and Laser Welding Machine), Press Brake (Type) (Manual, Hydraulic, and Electronic), Press Brake (Bending Method) (Air Bending, Bottom Bending, and Coining), Press Brake (Application) (Automotive, Aerospace, Metal, Furniture, and Others), Laser Cutting Machine (Technology) (Fiber Laser and Plasma Laser), Laser Cutting Machine (Process) (Fusion Cutting, Flame Cutting, and Sublimation Cutting), Laser Cutting Machine (Industry) (Automotive, Aerospace and Defense, Consumer Electronics, Industrial, and Others), Bending Machine (Type) (Electric, Hydraulic, Pneumatic, and Electromagnetic), Bending Machine (Application) (Manufacturing, Precision Machinery, Metals and Mining, Automotive, and Building and Construction), Bending Machine (Product) (Sheets, Tube, and Others), Laser Welding Machine (Technology) (Gas Laser (CO2), Solid-State Laser, and Fiber Laser), Laser Welding Machine (Application) (Automotive, Jewelry Industry, Medical, Electronics, Shipbuilding, and Others), and Geography
Metal Processing Machines Market Drivers and Forecast by 2031
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Source: The Insight Partners Analysis
The report includes the global metal processing machines market forecast by product type and geography. Based on product type, the market is segmented into press brake, laser cutting machine, bending machine, and laser welding machine. Further, Based on the type of press brake machines, the market is segmented into manual, hydraulic, and electronic. In terms of the bending method used in press brake machines, the market is divided into three categories: air bending, bottom bending, and coining. Based on applications of press brake machines, the market is segmented into automotive, aerospace, metal, furniture, and others. Based on the technology of laser cutting machines, the market is segmented into fiber laser and plasma laser. In terms of laser cutting machines by process, the market is segmented into fusion cutting, flame cutting, and sublimation cutting. Based on laser cutting machines by industry, the market is segmented into automotive, aerospace and defense, consumer electronics, industrial, and others. Based on bending machines by type, the market is segmented into electric, hydraulic, pneumatic, and electromagnetic. Based on applications of bending machines, the market is segmented into manufacturing, precision machinery, metals & mining, automotive, and building & construction. Based on bending machines by product, the market is segmented into sheets, tubes, and others. Based on the technology used in laser welding machines, the market is segmented into gas laser (CO2), solid-state laser, and fiber laser. Based on applications of laser welding machines, the market is segmented into automotive, jewelry industry, medical, electronics, shipbuilding, and others. The metal processing machines market has also been analyzed based on four major regions: North America, Europe, Asia Pacific, and the Middle East.
TRUMPF SE + Co KGDurmazlar Machinery Inc; Bystronic AG; Prima Industrie SpA; Amada (India) Pvt Ltd; Salvagnini Italia SPA; Baykal Makina San Ve Tic AS; LVD Company NV; Dener USA LLC; Ermaksan Machinery Industry and Trade Inc; Durmazlar Machinery Inc; Coherent Corp; Jenoptik AG; Han's Laser Technology Industry Group Co. Ltd; Foshan Huibaisheng Laser Technology Co., Ltd; and LaserStar Technologies Corporation are among the key players profiled during the metal processing machines market report. In addition to these players, several other essential market players have also been studied and analyzed to get a holistic view of the global metal processing machines market and its ecosystem.
The scope of the metal processing machines market report focuses on North America (US, Canada, and Mexico), Europe (Germany, France, Italy, UK, Russia, Spain, Poland, Austria, Switzerland, Sweden, Norway, Hungary, Belgium, Netherlands, Portugal, Czech Republic, Bulgaria, and Rest of Europe), Asia Pacific (China, Japan, South Korea, Indonesia, Malaysia, and Rest of Asia Pacific), and the Middle East (Saudi Arabia, UAE, Kuwait, Qatar, Bahrain, Oman, and Turkey). Asia Pacific accounted for the largest metal processing machines market share in 2024, followed by Europe and North America, respectively.
The North America metal processing machines market is segmented into the US, Canada, and Mexico. The US accounted for the largest North America metal processing machines market share in 2024, and it is expected to retain its dominance during the forecast period as well. The availability of well-established infrastructure in developed countries, such as the US and Canada, helps manufacturing firms explore the limits of science, technology, and commerce. Across North America, technological advancements have led to high competition in the manufacturing industry. In manufacturing machinery and equipment, the US is the second largest country in the world. Also, the country is a leading fabricated metal product manufacturer across the world. All these factors drive the metal processing machines market growth in North America.
Furthermore, the aerospace & defense industry in North America is reporting tremendous growth owing to the stable economy, developed infrastructure, high technology adoption rate, and increasing investments by governments. In 2023, the Government of Canada announced an investment of ∼US$ 7.44 million to support Swiss business H55's opening in Canada. This investment is expected to attract global leaders in aircraft manufacturing to make Greater Montréal its North American platform for manufacturing its products. The rising trend of prototyping with on-demand laser metal cutting in the aerospace industry offers effective ways to rapidly manufacture aerospace sheet metal parts without complicated manufacturing setups. Thus, the growing trend of rapid prototyping may generate a huge demand for laser metal cutting, which is expected to bolster the metal processing machines market growth in North America during the forecast period.
In February 2025, the US Army sealed a contract with BAE Systems to purchase 309 additional AMPVs. The new armored personnel carriers will be ordered for fiscal years 2025, 2026, and 2027, with an increase in production from 81 vehicles in 2025 to 122 in 2026 and 2027. In August 2024, the US Army rewarded General Dynamics Land Systems with another low-rate initial production contract for the M10 Booker Combat Vehicle. The US$ 322.7 million contract modifies an identical contract awarded in June 2024, with estimated completion in October 2026. One of the factors boosting the demand for metal processing machines is the continued emphasis on increasing expenditure on maintenance and repair activities of various components. Major players in North America offer MRO services to gain momentum in the industry. GE Aviation, Rolls Royce PLC, Barnes Group Inc., Delta TechOps, and Collins Aerospace are among the leading players in this industry. Several international MRO service providers are also present in the region. Southwest Airlines and United Airlines are preparing to commence new aircraft hangars for their MRO operations in Houston and Los Angeles, respectively. Further, airlines in the region engage in MRO outsourcing activities to reduce costs associated with MRO activities.
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