Dublin, Jan. 21, 2024 (GLOBE NEWSWIRE) — The “Middle East & Africa Metal Processing Machines Market Forecast to 2028 -Regional Analysis” report has been added to ResearchAndMarkets.com’s offering.
The Middle East & Africa metal processing machines market is poised for notable growth with a forecasted trajectory leading to a market size of US$ 1,079.28 million by 2030. This reflects a consistent CAGR of 3.1% from 2023 to 2030, attributable to several key factors priming the region for increased market activity.
User-friendly advancements in press brakes and other metal processing technologies are revolutionizing the industry, making machines more accessible and straightforward to operate. With minimized learning curves and reduced training requirements, businesses can achieve heightened productivity and precision. Operators benefit from improved interfaces offering step-by-step guidance, real-time feedback, and virtual simulations that forecast production outcomes and optimize operations.
Market Dynamics: The sector’s advancement is further fueled by a burgeoning manufacturing domain across Africa, with countries reporting rising production figures and escalating foreign direct investments, as evidenced by the 2021 UNCTAD report. Investments in higher-value, export-led manufacturing are particularly prominent, indicating a ripe market for increased capacity and adoption of metal processing innovations. Strategic expansions by manufacturing players into the African market capitalize on the region’s competitive advantages, such as low-cost labor and encouraging government policies.
Industry players attentive to the Middle East & Africa metal processing machines market can anticipate robust trends particularly within the sub-sectors of automotive and industrial applications, given their dominant market share as of 2023. A focus on modernization and efficiency is likely to keep these segments at the forefront of demand.
Market Segmentation Highlights:
- The hydraulic press brake segment has secured the largest market share within the press brake category.
- Fiber laser technology leads in the laser cutting machine sector, proving its prominence in cutting-edge metal processing.
- In terms of bending machines, hydraulic systems continue to dominate, reflecting widespread industry reliance on this technology.
- Geographically, the UAE has emerged as a significant market contributor within the Middle East & Africa region for metal processing machines.
Conclusion: The continuous development of metal processing technologies, coupled with strategic regional industrial growth, is setting the stage for sustained expansion within the Middle East & Africa metal processing machines market. This growth trajectory is expected to pave the way for enhanced productivity and innovation in the sector, shaping its landscape over the next decade.
|No. of Pages
|2023 – 2030
|Estimated Market Value (USD) in 2023
|Forecasted Market Value (USD) by 2030
|Compound Annual Growth Rate
|Africa, Middle East
A selection of companies mentioned in this report includes
- Baykal Makina San Ve Tic AS
- Bystronic AG
- Dener USA LLC
- Durmazlar Machinery Inc
- Ermaksan Machinery Industry and Trade Inc
- LVD Company NV
- Prima Industrie SpA
- Salvagnini Italia SPA
- TRUMPF SE + Co KG
For more information about this report visit https://www.researchandmarkets.com/r/wy73in
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