Cold Forming and Cold Heading Market Size, Industry Analysis Report By material (Aluminium, Alloy steel, Stainless steel), By end-user (Aerospace and defence, Automotive, Industrial equipment and machinery) & Region – Forecast By 2030
- PUBLISHED ON
- 2024-09-27
- NO OF PAGES
- 278
- CATEGORY
- Machinery & Heavy Industry
The Cold Forming and Cold Heading Market is valued at around USD 19,510.15 million in 2022 and is expected to reach USD 27,332.39 million by 2030, registering a CAGR of 5.8% over the forecast period. Cold forming is the practise of forging metals at room temperature.
Market Growth Factor
The demand for the cold forming and cold heading market is being fuelled by the rising investments made by international automakers in the development of cutting-edge autonomous vehicles and electric vehicles, which is further increasing the number of automobiles manufactured worldwide.
Market Trends
• Cold-forming equipment and heads have advanced. An example would be a machine that is currently produced with five or more dies. a capability that makes it possible to produce both long and short parts.
• Cutter blade timing, feed stroke timing, transfer timing, and kick-out timing are all affected by adjustments. Operators have immediate access to production data thanks to CNC control. Punch and die components are both supported by quick change setup.
• Offline setup and customization are possible, and production time is kept to a minimum. The headline production rate and capacity are also markedly increased by a multi-station cutter that executes stationary and extruded cold-forming operations.
• A deeper understanding of metallurgy will enable cold and heading to produce stronger materials. Carpenters and other producers of special alloys can better control the analysis and production of different varieties to meet their needs.
Market Segmentation
The Cold Forming and Cold Heading Market fragrance concentrates market has been sub-classified into material, end-user.
On The Basis Of Material, The Cold Forming And Cold Heading Market Is Bifurcated Into:
• Alloy steel
• Stainless steel
• Others
On The Basis Of End-User, The Market Is Segmented Into:
• Aerospace and defence
• Automotive
• Industrial equipment and machinery
• Others
Market Regional Analysis
North America dominated the global Cold Forming and Cold Heading Market, is anticipated to control a large portion of the market in 2021. The advancement and creation of cutting-edge, energy-efficient, and environmentally friendly vehicles is still a priority in North America.
Key Market Players
Quality Assurance Process
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Case Study- Automotive Sector
One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).
Solution
The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research
The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.
Market Estimates and Forecast
In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.
Case Study- ICT Sector
Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.
Business Solution
An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.
Conclusion
The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.
Frequently Asked Questions
What is the market size and growth projections?
The Cold Forming and Cold Heading Market is valued at around USD 19,510.15 million in 2022 and is expected to reach USD 27,332.39 million by 2030, registering a CAGR of 5.8% over the forecast period.
What are the drivers shaping various markets?
The demand for the cold forming and cold heading market is being fuelled by the rising investments made by international automakers in the development of cutting-edge autonomous vehicles and electric vehicles, which is further increasing the number of automobiles manufactured worldwide.
Who are the key competitors of market Players?
Some of the major players operating within the market are STANLEY; Altra Industrial Motion Corp.; KALYANI FORGE; Bharat Forge; National Machinery; Cold-Flow Corporation; Deringer-Ney Inc; Buchanan Metal Forming Inc; Fukui Byora Co., Ltd.; and others.
What are the top performing segments, and countries / regions of each of the markets?
North America dominated the global Cold Forming and Cold Heading Market.
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