What is Global Cold Forming Machines Market?
The Global Cold Forming Machines Market is a comprehensive study of the current trends, growth indicators, and market dynamics of the cold forming machines industry. Cold forming machines are mechanical equipment used in the manufacturing sector to shape metal at room temperature. This process is also known as cold forging. The global market for these machines is vast and diverse, encompassing various types of machines and their applications in different industries. The market's value was estimated at US$ 820.9 million in 2022, and it is projected to reach US$ 1021.1 million by 2029. This indicates a steady growth rate, with a Compound Annual Growth Rate (CAGR) of 3.1% expected from 2023 to 2029.
1-Die Station, 2-Die Station, 3-Die Station, 4-Die Station, 5-Die Station, Other in the Global Cold Forming Machines Market:
The Global Cold Forming Machines Market is segmented based on the type of machine, namely 1-Die Station, 2-Die Station, 3-Die Station, 4-Die Station, 5-Die Station, and others. Each type of machine has its unique features and applications. The 1-Die Station machines are simple and efficient, suitable for small-scale production. The 2-Die Station machines offer more flexibility and precision, making them ideal for medium-scale production. The 3-Die Station machines are the most popular, accounting for about 30% of the market share. These machines are known for their high-speed operation and versatility, making them suitable for large-scale production. The 4-Die Station and 5-Die Station machines are advanced models, offering more die stations for complex and high-precision tasks. The 'Other' category includes specialized machines designed for specific applications or industries.
Fasteners, Shaped Pieces in the Global Cold Forming Machines Market:
The Global Cold Forming Machines Market finds its applications mainly in the production of fasteners and shaped pieces. Fasteners, such as screws, bolts, and nuts, are essential components in various industries, including construction, automotive, and electronics. The cold forming process is ideal for producing these fasteners as it offers high speed, precision, and cost-effectiveness. The market share for fasteners is over 80%, indicating their dominance in the application field. Shaped pieces, on the other hand, are complex components used in specialized applications. These pieces require high-precision and versatile machines, such as the 4-Die Station and 5-Die Station machines.
Global Cold Forming Machines Market Outlook:
The Global Cold Forming Machines Market outlook reveals some interesting facts and trends. Ningbo Sijin Machinery, a leading manufacturer of cold forming machines, holds the largest market share of about 14%. This indicates the company's strong presence and influence in the market. Geographically, Asia-Pacific is the largest market for cold forming machines, accounting for about 70% of the market share. This can be attributed to the region's robust manufacturing sector and increasing industrialization. The 3-Die Station machines are the most popular type, holding about 30% of the market share. This reflects their versatility and efficiency in various applications. In terms of application, fasteners dominate the field, accounting for over 80% of the market share. This highlights the significant role of cold forming machines in the production of fasteners.
| Report Metric | Details |
| Report Name | Cold Forming Machines Market |
| Accounted market size in 2023 | US$ 850.2 million |
| Forecasted market size in 2029 | US$ 1021.1 million |
| Base Year | 2023 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Sales by Region |
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| By Company | National Machinery, Sacma, Sunac, Hyodong, Chun Zu Machinery, Ningbo Sijin Machinery, Komatsu, Sakamura, Nedschroef, Jern Yao, Nakashimada, Aida, Dongrui Machinery, Carlo Salvi, Songwei, Chin Fong Machine, Qunfeng Machinery, Yeswin Machinery, Tanisaka, GFM |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
