According to Cognitive Market Research, the global Deep Drawing Machines market size is USD 1894.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 5.50% from 2024 to 2031.
North America held the major market of more than 40% of the global revenue with a market size of USD 757.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 568.26 million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD 435.67 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.5% from 2024 to 2031.
Latin America market of more than 5% of the global revenue with a market size of USD 94.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2031.
Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 37.88 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031.
The Pneumatic held the highest Deep Drawing Machines market revenue share in 2024
