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Cold Forging Machines Market 2023 Size, Share, Study Reveals Growth Factors and Competitive Outlook for Future 2031-锻造展2024 China(Guangzhou) Int'l Forging Industry Exhibition
9/25/2023 锻造展-forging expo-forging exhibition--forging event |
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Report Ocean has recently provided an updated study on the global Cold Forging Machines Market. This comprehensive report delves into various aspects of the market, including its distinctive features, the influence of COVID-19, size and expansion, segmentation, breakdown by region and country, competitive landscape, prevailing trends, market shares, and strategic insights. Furthermore, the report offers predictions on regional market growth, tracing the markets evolution, and contextualizing it within the larger market landscape while drawing comparisons with other markets.
Global Cold Forging Machines Market is valued approximately USD $$ million in 2022 and is anticipated to grow with a healthy growth rate of more than $% over the forecast period 2023-2031.
The Cold Forging Machines can be defined as a hydraulic-powered machine used in cold forging processes. Cold forming refers to the forming or forging of a bulk material at room temperature without heating of the initial slug. It is utilized in different industries such as heavy industry, automotive, and aerospace among others. The growing automotive sector and increasing end use application of cold forging machines as well as recent strategic initiatives from leading market players are factors that are accelerating the global market demand. For instance, according to Statista during 2021, the worldwide automotive manufacturing market was valued at USD 2700 billion. It is projected to grow to USD 2800 billion by end of 2022.
Moreover, as per International Energy Agency (IEA) estimates in 2019, globally around, 2.2 million electric cars were sold, and in 2020, electric car sales increased to 3 million and accounted for 4.1% of total car sales. Further, in 2021, electric car sales more than doubled and reached to a new high of 6.6 million, witnessed for around 9% of the global car market. Furthermore, leading market players are stressing towards new acquisitions to widen their product portfolio & geographical footprints. For instance, in annuary 2022, Mumbai, India based Balu Forge Industries Limited, acquired the Precision Machining unit of the Mercedes-Benz Truck Factory from Mannheim, Germany. The acquired machining unit would be installed in the new machining facilities of BFIL located Belgaum, Karnataka, India. Also, growing manufacturing sector in emerging markets as well as rapid industrialization in developing economies are anticipated to act as a catalyzing factor for the market demand during the forecast period. However, a high cost associated with cold forging machines impede the growth of the market over the forecast period of 2022-2028.
The key regions considered for the global Cold Forging Machines Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to the growing end use application of cold forging across different end use industries and presence of well-established aerospace manufacturing industry. Whereas, Asia Pacific is anticipated to exhibit a significant growth rate over the forecast period 2022-2028. Factors such as rising automotive sector and rapid industrialization in the region, would create lucrative growth prospects for the global Cold Forging Machines Market across the Asia Pacific region.
Major market players included in this report are:
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National Machinery
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STAMTEC, INC.
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Nedschroef Herentals
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SIJIN INTELLIGENT FORMING MACHINERY CO. LTD.
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Zhejiang Dongrui Machinery Industrial
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Zhejiang Shengtuo Machinery Co., Ltd.
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JYICHYNG.
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ZHEJIANG YESWIN MACHINERY
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Sacma
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Hyodong Machine
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Product Type:
2-Die Station Cold Forging Machines
3-Die Station Cold Forging Machines
4-Die Station Cold Forging Machines
5-Die Station Cold Forging Machines
6-Die Station Cold Forging Machines
By Process:
Cold Forging by Hammers
Cold Forging by Press
Cold Forging Crank Type Mechanisms
Cold Forging Rotary Machines
By End Use:
Cold Forging Machines for Automotive
Cold Forging Machines for Heavy Engineering
Cold Forging Machines for General Manufacturing
Cold Forging Machines for Construction
Cold Forging Machines for Aerospace
By Region:
North America
U.S.
Canada
Europe
UK
锻造展-2024年第二十四届广州国际锻造工业展览会-2024 China(Guangzhou) Int''l Forging Industry Exhibition
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