Market Overview
Cold heading machines are used for cold forming of metal parts by applying compressive forces at room temperature. It helps in manufacturing large volumes of metal components with close dimensional tolerances and smooth surface finish in a cost effective manner. The process finds widespread adoption in automotive, fasteners, aerospace and other metal fabrication industries due its advantages over other metal forming techniques.
Market key trends
One of the key trends in the cold heading machine market is the growing automation with integration of advanced technologies. Leading manufacturers are focusing on developing automated and software-integrated machines to improve productivity and reduce unit cost of production. For instance, Yeswin Machinery Co. Ltd. offers smart automated cold heading systems equipped with industrial computer controls, PLC logic controllers and HMI interfaces for enhanced process monitoring and data collection. Such smart automated solutions are gaining popularity among OEMs and tier players to gain competitive edge.
Segment Analysis
The global Cold Heading Machine Market Demand is segmented based on application, operation, and end-use industry. The cold forming/cold heading segment dominates the market as cold forming is widely used for precision cold forming of steel, copper, aluminum. Cold heading machines are used in production lines for automotive fasteners, screws, drive shafts, bearing rings, valve seats and other cold formed components.
Key Takeaways
Market size
The global cold heading machine market size is expected to grow from USD 3,257.3 million in 2021 to reach USD 4.5 billion by 2030 at a CAGR of 4.5% over the forecast period. Increasing demand for automobile components is driving the growth of cold heading machine market.
Regional analysis
Asia Pacific dominates the market currently due to the presence of key players in countries like China, Japan and India. China is expected to remain the largest market during the forecast period owing to increasing automobile production and low labor costs. North America is expected to witness high growth due to growing aerospace and defense industries in the US.
Key players
Key players operating in the cold heading machine market are Yeswin Machinery Co. Ltd., Asahi Sunac Corporation, Yeswin Machinery Co. Ltd., Chun Zu Machinery Industry Co. Ltd., Tanisaka Iron Works Co. Ltd., Gfm Gmbh Steyr, Sijin Intelligent Forming Machinery Co. Ltd., Hatebur Umformmaschinen Ag, Samrat Machine Tools, Hubei Tri-Ring Metalforming Equipment Co. Ltd (Ysd), Sakamura Machine Co. Ltd., Industrial Machinery Corporation, Sacma Limbiate Spa, Komatsu Industries Corp., Nedschroef Machinery, Lan Dee Woen Factory Co. Ltd., National Machinery Llc, And Nakashimada Engineering Works Ltd.
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