According to the latest report, the global cold heading machine market reached a value of US$ 3.41 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 4.49 Billion by 2027 exhibiting a CAGR of 4.30% during 2022-2027.
Cold heading machines represent the mechanical equipment that perform several progressive steps to create a specified shape from a metal wire without adding heat. They use a series of hammers, dyes, and punches at high speed to form net-shaped or near-net-shaped parts of the metal. In line with this, cold heading machines allow the production of large quantities of metals while maintaining tolerance and efficiency to a degree higher than conventional metal cutting machines. Consequently, they find wide-ranging applications across various sectors, such as electrical, automotive, aerospace, defense, construction, etc.
Global Cold Heading Machine Market Trends and Drivers:
The escalating demand for heavy equipment and machinery across industry verticals is primarily driving the cold heading machine market. Additionally, the widespread product adoption to manufacture headed parts, rivets, screws, bolts, taper roller heading, etc., owing to its numerous benefits, including high tensile strength, enhanced production efficiencies to reduce raw material waste, lower production costs, etc., is further catalyzing the market growth.
Besides this, the introduction of eco-friendly and zero-waste product variants with low-noise features by key market players, on account of the growing consumer environmental concerns, is acting as another significant growth-inducing factor.
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Moreover, the inflating utilization of modern design and simulation engineering software to ensure the accuracy, sturdiness, and reliability of the cold heading machines is also bolstering the global market.
Apart from this, the rising investments in R&D activities aimed at developing remote machine monitoring systems to measure vibrations and accurately predict faults are anticipated to fuel the cold heading machine market over the forecasted period.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Asahi Sunac Corporation, Carlo Salvi S.p.A. (Hatebur Umformmaschinen AG), GFM GmbH Steyr, Lan Dee Woen Factory Co. Ltd, Nakashimada Engineering Works Ltd, National Machinery, Nedschroef Machinery, SACMA Limbiate S.p.A., Sakamura Machine Co. Ltd, Sijin Intelligent Forming Machinery Co. Ltd., Tanisaka Iron Works Co. Ltd. and Wrentham Tool Group.
The report has segmented the market on the basis of region, type, tooling, distribution channel and end user industry.
Breakup by Type:
- Two-Die Three-Header
- Multiple Header
Breakup by Tooling:
Breakup by Distribution Channel:
Breakup by End User Industry:
- Aerospace and Defense
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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