Cold Heading Machine Market: Overview, Segment Analysis And Market Key Trends
The global Cold Heading Machine Market is estimated to be valued at US$ 3557.05 Mn in 2023 and is expected to exhibit a CAGR of 4.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Cold heading machines are commonly used in metal forming processes like cold forward extrusion, cold backward extrusion, piercing, as well as cold upsetting and swaging. It forms various parts like bolts, screws, connectors etc from wire or blanks with high dimensional accuracy and finish by applying compressive forces without any heating process. This process helps in mass production of parts at lower cost.
Market key trends:
The cold heading machine market is driven by increasing demand across industries like automotive, fasteners, and engineering. Adoption of Industry 4.0 technologies has increased automation in cold heading process, improving production efficiency. Additionally, development of multi-station machines having automatic tool changing facility helps in mass production of complex parts with reduced changeover time. Growing popularity of electric cold heading machines over hydraulic and mechanical types due to lower energy consumption, noise and maintenance costs is another trend. However, high initial investment remains barrier for small manufacturers.
SWOT Analysis
Strength: The Cold Heading Machine Market Growth benefits from increased automation capabilities and demand for complex parts across industries like automotive, fasteners etc. Advanced CNC-controlled machines offer precision and productivity.
Weakness: High initial investment costs associated with cold heading machines pose barrier for small manufacturers. Skilled labor requirement for operation and maintenance can increase costs.
Opportunity: Growing electrification of vehicles and demand for complex fastener components presents revenue opportunities. Rising focus on Industry 4.0 and smart manufacturing boosts demand for automated cold heading solutions.
Threats: Economic slowdowns impact automotive and other core end-use industries negatively affecting demand. Shifting preference towards other metal forming technologies like stamping can threaten market share.
Key Takeaways
The global cold heading machine market is expected to witness high growth, exhibiting CAGR of 4.5% over the forecast period, due to increasing demand for automotive components. Regional analysis
Asia Pacific dominates the cold heading machine market and is expected to maintain its leading position during the forecast period. This can be attributed to growing automotive production in China, India, and Japan. China accounts for over 30% of global sales.
Key players operating in the cold heading machine market includes 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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