Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 1,780 Million | USD 2,480 Million | 3.4% | 2024 |
FrequentlyAsked Questions
Cold forging, which is also called cold forming or cold heading, is a process to shape metal without utilizing heat at room temperature or slightly higher. Cold forging is not the same as hot forging because it doesn't heat the metal above its recrystallization temperature.
The cold forging machines market growth is majorly driven by several factors such as growing need for lightweight, high-strength components, growth of automotive, aerospace & EVs, and increasing demand for cost reduction/efficiency.
The high initial capital/setup cost might pose a major challenge to the cold forging machines industry's growth.
Based on the application, the fastener segment is expected to dominate the industry growth during the projected period.
The increasing automotive sector and technological advancements pose a major impact factor for the cold forging machines industry's growth over the projected period.
According to the report, the global cold forging machines market size was worth around USD 1,780 million in 2024 and is predicted to grow to around USD 2,480 million by 2034.
The global cold forging machines market is expected to grow at a CAGR of 3.4% during the forecast period.
The global cold forging machines industry growth is expected to be driven by the Asia Pacific region. It is currently the world’s highest-revenue-generating market, driven by the presence of major players and increasing demand from the end-use sector.
The global cold forging machines market is dominated by players like Jern Yao, Chun Yu Group, National Machinery, Sacma, Sakamura, Hyodong, Carlo Salvi, Nakashimada, Komatsu, Nedschroef, Sunac, Tanisaka, GFM, Aida, Hatebur, MANYO, Stamtec, Shanghai Chun Yu Group, Ningbo Sijin Machinery, Tongyong, Qunfeng Machinery, Innor Machinery, and Yeswin Group, among others.
The cold forging machines market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTLE analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five forces analysis, and value chain analysis.
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