A report from earlier this summer by Fact.MR is forecasting consistent growth for the power bender market. It provides some really interesting insights. As a top provider of tube bending services, we understand how important it is to use high quality equipment. So, it’s great to see that more businesses around the world will likely be looking to improve their tube benders. Let’s have a closer look.

Growing market

Significantly, the report is estimating the market will grow by $1bn from 2026 to 2036. This will take it from a current value of $1.9bn to $2.9bn. Therefore, it works out at 4.5% growth per year over the decade.

In terms of the type of machines businesses prefer, the report claims hydraulic tube benders have nearly half of the market share. They are popular for a number of reasons. Firstly, they can apply more force, increasing bending power. It means it’s possible to bend even strong products like titanium tube. Secondly, they are fantastic for high production facilities and work well with automated systems.

It’s also worth noting that businesses favour power benders able to bend over 90 degrees. They are increasing in popularity in response to demands for more complex product designs in numerous industries. In fact, this is one of the key factors affecting tube bending services in general.

Key details

The report explores the major factors driving the growth in the power bender market. Crucially, the main one is businesses are investing more in equipment, either to expand their capabilities, benefit from automation, or replace older machinery. There is also a drive to increase performance and reduce scrap.

Three industries are leading the charge in investing in power benders. First is automotive, commanding almost a third of the market share. There is impressive growth as companies look to increase their ability to produce exceptional tubing for all kinds of vehicles, including EVs. Secondly is aerospace and defence. Similarly they are looking to ensure they can create the complex tubing they need for projects. Finally, many electronics manufacturers are choosing powerful tube benders.

The report also explores power bender growth in different regions. Asia-Pacific is the biggest region, with China and India leading the way. Japan and South Korea are also growing markets. In Europe, Germany is forecast to have the biggest growth, with the UK in second. North America is a big market too, estimating growth driven by aerospace.

Discuss tube bending services with us

While many businesses are now investing in new equipment like power benders, it’s something we’ve been doing for a long time. It ensures we can continue providing the best solutions for our clients, including adapting tubing in various ways. It’s also something we have done to ensure we can deal with different materials, including specialist alloys.

So, if you need exceptional tube bending services in the UK, speak to Multiform Tubes Engineering Ltd. We have the skills, experience, and equipment to handle all kinds of jobs.