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Market Research Report

Cold Forging Machines Market Outlook 2024: Global Opportunity and Demand Analysis, Market Forecast, 2016-2024

Published On : 2017-09-25 Report Page : 230 Category: Manufacturing

Global Cold Forging Machines Market

Market Overview

Forging and tooling machines are an integral part of manufacturing industry to develop innovative approaches for new tool and tooling system. Automotive industry is a positive influence on the expansion of forging industry across the globe. Every year automotive industry consumes over 60% of forged metals which are produced across the world. Cold forging method is mainly preferred for soft metals such as aluminum. Features such as reliability, high strength, and economic feasibility are increasing the importance of the use of cold forged parts supporting the demand for cold forging machines market across the globe. High quality surface finish and dimensional accuracy of metals can be obtained with cold method thus propelling the growth for global cold forging machines market.

Moreover, rising implementation of computer-aided designing (CAD) helps in reducing the time and cost in manufacturing process, which is further boosting the demand for hybrid forging techniques. This is likely to accelerate the adoption for cold forging machines in the near future.

Market Segmentation

Global Cold Forging Machines Market is segmented on the following basis:

  • Based on Product Type
  • 2-Die Station
  • 3-Die Station
  • 4-Die Station
  • 5-Die Station
  • 6-Die Station
  • Other Cold Forging Machines (1-Die Station, 7-Die Station)
  • Based on Application
  • Fastener
  • Shaped Pieces
  • Based on Geography
  • North America (U.S. & Canada) {Market Size (USD Billion  ), Growth Analysis (%) and Sales (In Units)}
  •  Latin America (Brazil, Mexico & Rest of Latin America) {Market Size (USD Billion  ), Growth Analysis (%) and Sales (In Units)}
  • Europe (The U.K., Germany, France, Italy, Spain, Poland, Sweden & RoE) {Market Size (USD Billion  ), Growth Analysis (%) and Sales (In Units)}
  • Asia-Pacific (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest of Asia) {Market Size (USD Billion  ), Growth Analysis (%) and Sales (In Units)}
  • Middle East & Africa (GCC, South Africa, North Africa, RoMEA) {Market Size (USD Billion  ), Growth Analysis (%) and Sales (In Units)}
  •  Rest of World {Market Size (USD Billion  ), Growth Analysis (%) and Sales (In Units)}

Market Size and Forecast (2016-2024)

The global cold forging machines market is anticipated to expand at a CAGR of 5.2% during the forecast period, and is expected to reach value of USD 1.44 by 2024.

Based on geography, Asia-Pacific is the dominating region and accounted for 56% revenue share of global cold forging machines market in 2016. Growing infrastructural development and automotive industry in developing and developed nations is contributing in the growth of forging industry, ultimately contributing in the expansion of cold forging machines market in Asia-Pacific region. Emerging manufacturing and automotive industries in countries such as China and India are propelling the demand for cold forging machines market in Asia-Pacific region.

Mature manufacturing and automotive industry in countries such as Germany, Bulgaria, Finland, France, Hungary and other countries of European Union is fuelling the growth for cold forging machines market in Europe. Europe cold forging machines market valued USD 0.20 billion in 2016 and is projected to grow at a CAGR of 6.0% during the forecast period. Whereas, North America cold forging machines market is projected to reach value of USD 0.27 billion in 2024, owing to the expanding manufacturing industry in the region.

Market Drivers and Challenges

Cold forging machines provides high accuracy and helps in obtaining simple shapes with high volume. Cold forging machines helps in achieving the maximum utilization of raw material by volume. Cold forged component with lightweight shows excellent mechanical properties. Light weight design of material also helps in reducing material usage, cost and energy utilization required for manufacturing process.

However, iron and steel are always hot forged and helps in preventing the machine operation on material. Hot forging is more economical for iron and steel than cold forging. Also, less ductile property of cold forged metals makes it inappropriate to meet specific customized configuration and heat treatments is necessary for cold forged metals to eliminate cracks. This is likely to impact the adoption for cold forging machines in the near future.

Key Market Players

  • Jern Yao Enterprises Co., Ltd.
    • Synopsis
    • Business Strategy
    • Product Portfolio
    • SWOT Analysis
  • National Machinery
  • Sacma
  • Nedschroef Herentals
  • Hatebura
  • Sakamura
  • Carlo Salvi
  • Chun Zu Machinery Industry Co. Ltd
  • Ningbo Sijin Machinery Co. Ltd.
  • Zhejiang Dongrui Machinery Industrial Co. Ltd.
  • Wuxi Zhengyao Machinery Co., Ltd.
  • ZHEJIANG YESWIN MACHINERY CO.,LTD
  • Hyodong Machine Co., Ltd.
  • Komatsu Ltd.
  • Baihe Machinery
  • Nakashimada Engineering Works, Ltd
  • Koninklijke Nedschroef Holding B.V.

Scope Background

Market Synopsis

Market Segmentation

The Global Cold Forging Machines Market is segmented as follows:

  • By Product Type (Market Size, Demand Analysis and Growth Analysis)
  • By Application (Market Size, Demand Analysis and Growth Analysis)

By Region

  • North America (U.S., Canada) {Market Size, Growth Analysis and Opportunity Analysis}
  • Latin America (Argentina, Mexico, Brazil and Rest of Latin America) {Market Size, Growth Analysis and Opportunity Analysis}
  • Europe (Germany, Italy, Spain, France, The U.K., Netherlands, Sweden, Hungary, Russia, Poland, Rest of Europe) {Market Size, Growth Analysis and Opportunity Analysis}
  • Asia-Pacific (China, India, Singapore, Japan, Hong-Kong, Australia, New Zealand, South Korea and Rest of Asia Pacific) {Market Size, Growth Analysis and Opportunity Analysis}
  • Middle East and North Africa (MENA) {Market Size, Growth Analysis and Opportunity Analysis}
  • Rest of World  {Market Size, Growth Analysis and Opportunity Analysis}

Market Dynamics: Growth Drivers, Restraints and Opportunities

  • Risk Factors
  • Regional Variations
  • Recent Trends and Developments

Key Market Players

  • Synopsis
  • Business Strategy
  • Product Portfolio
  • SWOT Analysis

Porter’s Five Force Model

Market Landscape: Competition and Beyond

Market outlook for business players and entry level players to ascertain their business in dynamic ecosystem

Expert Analysis

Concluding Remarks


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Cold Forging Machines Market Outlook 2024: Global Opportunity and Demand Analysis, Market Forecast, 2016-2024

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