LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors in their recent global sheet metal equipment market report. This research report also lists 13 other prominent vendors that are expected to impact the market during the forecast period.
5-axis Computerized Numerical Control (CNC) machining had already made a significant difference in the metal processing industry by reducing the cycle time, increasing efficiency, and decreasing the wastage of material. With an ever-increasing demand from end-user industries, the 6-axis CNC machine has been introduced. This innovation is expected to redefine machining operations.
Reduced CAPEX spending by manufacturers has compelled industries to scout for low-cost options. This trend has contributed to the easy reach of refurbished machines for consumers. In addition, the rising demand for these machines is attributed to their cost differential of 50%-75%. This, coupled with the highly fragmented industry scenario, has provided a threat to established players with a possibility of subdued sales.
Competitive vendor landscape
The global sheet metal equipment market is fragmented with the presence of numerous players. There is a tough competition among major vendors in the market. Apart from top vendors, several regional and local vendors have started manufacturing customized and energy-efficient equipment, which provide a tough competition for their international counterparts in terms of the cost. Although the market seems unsaturated with several new vendors, it is quite difficult for them to compete with international vendors in terms of quality, features, functionalities, and services. With the introduction of products with new features and technologies, competition will become more aggressive.
“For sheet metal equipment, manufacturers' growth opportunities in the short term will likely be realized in smaller but highly developed European manufacturing nations, such as Belgium and the UK, along with the Asian market such as Singapore,” says Gaurav Mohindru, a lead tools and components analyst from Technavio.
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Top five sheet metal equipment market vendors
Amada offers a range of down-acting precision press brakes. The HD NT series is an electric/hydraulic and down-acting system that delivers high accuracy. This series features a hybrid drive system, engineered for low-energy consumption, and require less hydraulic fluid than the conventional machines. The company offers various solutions under this market.
The EG 6013 is a high precision and speed compact bending solution, featuring an advanced and precise dual servo power drive system. Some of its key features include dual servo power drive, AMNC 3i, and L-shift back gauge.
The TruBend series 3000 allows production even at lower use rates, which is profitable. It helps customers enter the field of TRUMPF bending technology and also expand the existing machinery. Some of its key features include cost-efficiency (even when operated at low capacity), high productivity, high part accuracy, simple operation (well thought-through control), and others.
DMTG manufactures and sells products such as flexible production lines, bridge type machining centers, CNC milling and boring centers, machining centers, CNC milling machines, CNC lathes, conventional lathes, and drilling machines. These products are offered in a range of series to various industries, such as automation, automobile, shipbuilding, engine, and general engineering.
It offers automobile cylinder blocks, transfer line of crank, and transfer line of drilling and tapping centers. These cater to industrial sectors, such as internal combustion engine, automotive, general machinery, light industry machinery, electric generator, agricultural machinery, and civil machinery and diesel locomotives.
DMG Mori established its presence in the machine tools market with its range of offerings. It continues to develop and promote the software solution CELOS, which is a control and technology-independent system that supports interaction between machine and its operators. Its new app was introduced in April 2015.
U.S. Industrial Machinery
The company offers various hydraulic press brake models, ranging in sizes from 22 tons to 440 tons, 4 feet length to 13 feet length. Its color graphic CNC press brakes can deal with projects that require precision, speed, and volume. The control has a 6 feet LCD touchscreen, controls both the bend angle and back gauge position, and allows 10 bend per program/cross section. This features a tool library, auto back gauge retract, auto bend sequence, spread length, calculated bend allowance, interference bend chart, programmable ram dwell, and others. It can be used with a removable USB drive for infinite program storage.
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