At 3.7% CAGR, the North America Metal Processing Machines Market is projected to be worth US$ 7,133.98 million by 2030, says Business Market Insights

According to Business Market Insights research, the North America metal processing machines market was valued at US$ 5,522.63 million in 2023 and is expected to reach US$ 7,133.98 million by 2030, registering a CAGR of 3.7% from 2023 to 2030. Growing demand in automotive and aerospace industries and increasing government spending on military reinforcement are the critical factors attributed to the North America metal processing machines market expansion.        

Military organizations heavily invest in defense equipment, weapons systems, and vehicles to strengthen their capabilities. Metal processing machines are crucial in fabricating armor plates, munitions, and other critical systems required in defense operations. Advanced metal processing machines are required to produce cutting-edge weaponry and defense systems, as precise fabrication, shaping, and assembly of metal components are crucial for the optimal performance and durability of these products. The need for improved vehicle armor and military infrastructure upgrades further drives the demand for metal processing machines. Further, many initiatives by companies would help domestic metal processing machine manufacturers extend their clientele. The surge in defense expenditure is not limited to established defense powers; many economies have been exhibiting a rise in their defense budgets.

Metal processing machine manufacturers need to understand the unique requirements of the defense industry and develop solutions that comply with domestic and international quality standards and regulations. This can be achieved through close collaborations with defense organizations and the ability to provide customized solutions with continuous innovation efforts. Thus, a surge in defense expenditure provides a significant boost to the North America metal processing machine market.

On the contrary, volatility in raw material prices hampers the North America metal processing machines market.

The North America metal processing machines market is categorized into press brake, laser cutting machine, and bending machine. The press brake segment held 38.9% share of the North America metal processing machines market in 2023, amassing US$ 2,148.97 million. It is projected to garner US$ 2,731.51 million by 2030 to expand at 3.5% CAGR during 2023–2030. 

The press brake market is further categorized into type, bending method, and application. By press brake, the type segment is further sub-segmented into manual, hydraulic, and electronic. The hydraulic sub-segment held 61.2% share of the North America metal processing machines market in 2023, amassing US$ 1,315.58 million. It is projected to garner US$ 1,633.64 million by 2030 to expand at 3.1% CAGR during 2023–2030.  The bending method segment, by press brake, is classified into air bending, bottom bending, and coining. The air bending sub-segment held 51.2% share of the North America metal processing machines market in 2023, amassing US$ 1,100.28 million. It is projected to garner US$ 1,370.04 million by 2030 to expand at 3.2% CAGR during 2023–2030. Also, the application segment, by press brake, is sub-segmented into automotive, aerospace, metal, furniture, and others. The automotive sub-segment held 42.0% share of the North America metal processing machines market in 2023, amassing US$ 902.16 million. It is projected to garner US$ 1,238.57 million by 2030 to expand at 4.6% CAGR during 2023–2030.

Further, the laser cutting machine market is categorized into technology, process, and industry. By laser cutting machine, the technology segment is sub-segmented into fiber laser and plasma laser. The fiber laser sub-segment held 76.5% share of the North America metal processing machines market in 2023, amassing US$ 1,539.38 million. It is projected to garner US$ 2,217.98 million by 2030 to expand at 5.4% CAGR during 2023–2030. The process segment, by laser cutting machine, is classified into fusion cutting, flame cutting, and sublimation cutting. The flame cutting sub-segment held 54.0% share of the North America metal processing machines market in 2023, amassing US$ 1,087.82 million. It is projected to garner US$ 1,458.42 million by 2030 to expand at 4.3% CAGR during 2023–2030. Also, the industry segment, by laser cutting machine, is sub-segmented into automotive, aerospace & defense, consumer electronics, industrial, and others. The industrial sub-segment held 41.5% share of the North America metal processing machines market in 2023, amassing US$ 835.25 million. It is projected to garner US$ 1,215.81 million by 2030 to expand at 5.5% CAGR during 2023–2030.

Also, the bending machine market is categorized into type, application, and products. By bending machine, the type segment is further sub-segmented into electric, hydraulic, pneumatic, and electromagnetic. The electric sub-segment held 44.5% share of the North America metal processing machines market in 2023, amassing US$ 604.81 million. It is projected to garner US$ 729.22 million by 2030 to expand at 2.7% CAGR during 2023–2030. The application segment, by bending machine, is classified into manufacturing, precision machinery, metals, and mining, automotive, and building and construction. The automotive sub-segment held 31.5% share of the North America metal processing machines market in 2023, amassing US$ 427.97 million. It is projected to garner US$ 513.26 million by 2030 to expand at 2.6% CAGR during 2023–2030.  Also, the products segment, by bending machine, is sub-segmented into sheets, tube, and others. The tube sub-segment held 60.6% share of the North America metal processing machines market in 2023, amassing US$ 824.79 million. It is projected to garner US$ 988.79 million by 2030 to expand at 2.6% CAGR during 2023–2030.

Based on country, the North America metal processing machines market has been categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 76.2% share of North America Metal Processing Machines Market in 2023. It was assessed at US$ 4,206.50 million in 2023 and is likely to hit US$ 5,580.95 million by 2030, exhibiting a CAGR of 4.1% during the forecast period.      

Key players dominating the North America metal processing machines market are Bystronic AG; Dener USA LLC; Durmazlar Machinery Inc; Ermaksan Machinery Industry and Trade Inc; LVD Company NV; Prima Industrie SpA; Salvagnini Italia SPA; and TRUMPF SE + Co KG, among others.

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