Global Punching Machines Market to Reach US$2.2 Billion by 2030
The global market for Punching Machines estimated at US$1.9 Billion in the year 2023, is expected to reach US$2.2 Billion by 2030, growing at a CAGR of 2.1% over the analysis period 2023-2030. Hydraulic Punching Machines, one of the segments analyzed in the report, is expected to record a 3.1% CAGR and reach US$1.1 Billion by the end of the analysis period. Growth in the Mechanical Punching Machines segment is estimated at 1.4% CAGR over the analysis period.
The U.S. Market is Estimated at US$527.8 Million While China is Forecast to Grow at 4.5% CAGR
The Punching Machines market in the U.S. is estimated at US$527.8 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$443.1 Million by the year 2030 trailing a CAGR of 4.5% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 0.4% and 1.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 1.0% CAGR.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook