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The global cold heading machine market size was valued at USD 3,257.3 million in 2021 and is anticipated to witness a compound annual growth rate (CAGR) of 4.5% from 2022 to 2030. Increasing demand from the electrical industry is one of the major factors driving the market. Also, innovations in the aerospace sector are predicted to have a positive impact on the market. The automotive segment is estimated to account for a comparatively large share of the market in the next few years. Also, the increasing investment in the construction sector has boosted the need for these devices in this segment.

Global Cold Heading Machine Market: Regional Insights

The global cold heading machine market is geographically divided into North America, Latin America, Asia Pacific, Europe, and Middle East & Africa.

Asia Pacific among regions is anticipated to witness substantial growth in the global cold heading machine market over the forecast period. This growth is due to the rise in demand for electric vehicles in countries such as China, and India. For instance, as per the EV Volumes, in 2020, the sales of battery electric vehicles and plug-in hybrid electric vehicles grew by 11.8% in China and reached the number of 1,337 thousand units, compared to the previous year. Moreover, growing focus on increasing defense strength in other countries across the region such as Japan, is also driving growth of the market.

Furthermore, North America is also expected to show strong growth in the global cold heading machine market over the forecast period, owing to strong exports of aerospace components to other countries such as Germany, China, and France, and increasing spending by consumers leading to rise in production activities in the aerospace sector across the region. In September 2019, the U.S. Air Force started changing its strategy of acquiring next-gen fighter jets to new plan of designing, developing, and manufacturing new fighter within five years. Thus, these factors are likely to boost the market growth.

Figure 1: Global Cold Heading Machine Market Share (%), By Region, 2021

Cold Heading Machine  | Coherent Market Insights

Global Cold Heading Machine Market Drivers:

Rise in demand from electrical industry to boost market growth

Cold heading machines are largely utilized in manufacturing of fasteners, rivets, and gears in a wide range of shapes, which includes diameter reduction, hexagonal head, and cylindrical extrusion, to be used in the electrical industry. The cold heading components are used for attaching or hold parts together in the electrical and electronic products. Furthermore, along with these general shapes, other shapes such as lugs, bolts, a round head with slit, radial slots, double backward extrusion, and multi-diameter extrusion can also be manufactured with the use of cold heading machines. Thus, the rise in demand from electrical industry is anticipated to augment growth of the global cold heading machine market over the forecast period.

Growing expansion of defense and aerospace sector to propel the market growth

The use of cold heading is widespread in defense and aerospace industry for manufacturing of highly detailed and complex components of weaponry, ammunition, aircrafts, and military vehicles parts and components. As per the Boeing Commercial Market Outlook 2020-2039, during the year 2020 to 2039, 43,110 aircrafts are anticipated to be delivered. Out of these, 2,430 units will be regional flight deliveries, 32,270 units will be single aisle, 7,480 units will be widebody aircrafts, and 930 are freighter deliveries.

Global Cold Heading Machine Market Opportunities:

Growing demand from automotive industry is anticipated to create growth opportunities in the global cold heading machine market over the forecast period. Cold heading industry is known to be a major supplier for the automotive industry due to the use of cold heading components in crating highly efficient cars through various means, specifically by lightweight design. The automotive industry is witnessing significant changes related to power unit, motor, as well as driving systems, and it is expected to provide significant business opportunities in the cold heading industry.

Growing focus of manufacturers on spreading awareness regarding environment-friendly and zero-waste products is creating multiple growth opportunities in the global cold heading machine market. Along with this, manufacturers are focused one expanding their infrastructure facilities, which in turn will create opportunities for market players in cold heading machine market for production of new products and catering the customer-centric needs.

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Cold Heading Machine Market Report Coverage

Report Coverage Details
Base Year: 2021 Market Size in 2021: US$ 3,257.3 Mn
Historical Data for: 2017 to 2020 Forecast Period: 2022 to 2030
Forecast Period 2022 to 2030 CAGR: 4.5% 2030 Value Projection: US$ 4840.6 Mn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East: GCC Countries, Israel, and Rest of Middle East
  • Africa: South Africa, North Africa, and Central Africa
Segments covered:
  • By Technique: Upsetting and Extrusion
  • By End-User Industry: Automotive, Electrical and Electronics, Industrial, Aerospace and Defense, and Other End-user Industries
Companies covered:

Yeswin Machinery Co. Ltd., Asahi Sunac Corporation, Yeswin Machinery Co. Ltd., Chun Zu Machinery Industry Co. Ltd., 16.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.

Growth Drivers:
  • Rise in demand from electrical industry
  • Growing expansion of defense and aerospace sector
Restraints & Challenges:
  • Recent decline in automotive industry
  • Unfavorable conditions arising due to the Covid-19 pandemic

Global Cold Heading Machine Market Trends:

Rise in adoption of electric vehicles is a rising trend in the market

Cold headed machines offer significant advantages in manufacturing of electrical and power components utilized in EVs, and other components, tools and products for automotive industry. Cold heading is considered to be highly efficient compared to other techniques such as machining. It lowers scrap by 80% to 100% in several cases. Majority of the components and fasteners in electric vehicles are precious metal, and cold heading provides significant cost saving as well as faster manufacturing time. Thus, growing adoption of EVs is creating high demand for cold headed machines.

Changing regulations and policies regarding emission is a major trend in the market

Due to changing policies for emission and strict regulations for emissions are promoting use of electric vehicles all over the world. Due to the stringent regulations consumers hesitate to purchase vehicles having engines causing more emissions, and are preferring the purchase of EVs having novel technologies. Thus, changing emission policies are indirectly creating demand for cold heading machines, which in turn is anticipated to propel growth of the market in the near future.

Global Cold Heading Machine Market Restraints:

Recent decline in automotive industry to impede growth of the market

Production of steering rods and special products along with tools for automotive industry involves extensive use of cold forming dies. Cold headings are used by automotive companies for various shafts that are produced from hard metals. However, the automotive sector is witnessing a slowdown from past few years, where the sales as well as production of novel vehicles is declining in different regions around the globe. This in turn is affecting demand for cold heading in the automotive industry, which in turn is hampering the market growth. For instance, as per the OICA data, in 2019, the automotive production around the world showed decrease of 5% reaching 91.78 million units.

Unfavorable conditions arising due to the Covid-19 pandemic is restraining market growth

The coronavirus outbreak impacted several industries worldwide. As many countries imposed stringent lockdown regulations, various industrial operations were disrupted across the globe. Industries including automobile, electronics were disrupted, as the pandemic affected operations such as manufacturing, supply chains and distribution. Due to disrupted transportation, there was lack of raw material supply. Along with this, due to lack of manpower, manufacturing activities were also disrupted during the pandemic. Thus, the Covid-19 pandemic is restraining market growth. However, as the pandemic situation is settling in several regions around the globe, the market is expected to regain its growth.

Figure 2: Global Cold Heading Machine Market Share (%), By Technique, 2021

Cold Heading Machine  | Coherent Market Insights

Global Cold Heading Machine Market Segmentation:

The global cold heading machine market report is segmented into Technique, End-User Industry, and Region

Based on Technique, the market is segmented into Upsetting and Extrusion. Out of which, Upsetting is expected to dominate the global market over the forecast period and this is attributed to the increasing application of cold-headed bolts, rivets, and screws in different end-user applications such as construction, automotive, furniture, and aerospace.

Extrusion segment is also expected to witness significant growth in the near future and this is owing to the rise in demand for cold-headed extrusion products from different applications. The process of cold extrusion is largely used for manufacturing products from lead, copper, aluminum alloys, tin, molybdenum, titanium, steel, vanadium, niobium, and zirconium. Thus, the high demand for cold heading extrusion is driving the market growth.

Based on End-User Industry, the market is segmented into Automotive, Electrical and Electronics, Industrial, Aerospace and Defense, and Other End-user Industries. Out of which, Automotive is expected to dominate the global market over the forecast period and this is attributed to the rise in applications in automotive sector urging the manufacturers to create in-house production facilities for cold headed products.

Electrical and Electronics segment is also expected to witness significant growth in the near future and this is owing to the increasing applications in appliance industry. The manufacturing of fasteners and gears for assembly offers various benefits in appliance industry. The demand for cold heading components is increasing in electrical and electronics industry due to rise in shift towards cold heading results in freedom from large inclusions, segregation, and porosity among other defects in cast parts.

Global Cold Heading Machine Market: Key Developments

In January 2020, Bluepoint Capital partners acquired Mattco Forge Inc., who manufactures metal forging products for the defense and aerospace industry. With this acquisition, Blue Point will be able to recuperate its supply-chain management, and improve its business infrastructure along with expansion of its manufacturing capabilities.

Global Cold Heading Machine Market: Key Companies Insights

The global cold heading machine market is highly competitive. This is attributed to continuous launch of new technologies due to ongoing R &D and efforts by value chain participants. Moreover, key players are adopting various business growth strategies in order to expand their presence on regional as well as global basis.

Some of the key players in the global cold heading machine market are Yeswin Machinery Co. Ltd., Asahi Sunac Corporation, Yeswin Machinery Co. Ltd., Chun Zu Machinery Industry Co. Ltd., 16.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.

*Definition:

Cold Heading Machine is a device that cuts metal sheets into the desired shape. It is a semi-automatic tool. The cold heading process eliminates porosity and other defects that are found in cast parts. It is used in the manufacture of pressure sensors. A header machine can be equipped with a pre-heating system and a punching unit.

Cold Heading Machines are used to produce metal parts in a wide variety of industries. These machines produce metal blanks into finished parts in a quick and efficient manner. Unlike traditional machining, cold heading maintains tolerances as close as +/-.002'', making it a much more precise way to produce parts. Along with this maintaining quality, cold heading minimizes material loss. This process is usually performed in conjunction with other cold forming techniques. Using a cold heading machine eliminates the need for nuts and washers, while preserving the overall tensile strength of the steel.

Market Dynamics:

The rising demand for electrical goods is boosting the demand for cold heading machines. Another factor contributing to the growth of the global cold heading machine market is the growing need to produce internally threaded fasteners. Moreover, the continued expansion of India's economy is expected to provide a further boost to the need for cold heading machining equipment in the coming years, which in turn is anticipated to propel growth of the market.

However, high cost and decline in automotive industry is expected to hamper growth of the global cold heading machine market over the forecast period.

Key features of the study:

  • This report provides in-depth analysis of the global cold heading machine market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2022–2030), considering 2021 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global cold heading machine market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
  • Key companies covered as a part of this study include Yeswin Machinery Co. Ltd., Asahi Sunac Corporation, Yeswin Machinery Co. Ltd., Chun Zu Machinery Industry Co. Ltd., 16.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.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • The global cold heading machine market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global cold heading machine market

Detailed Segmentation:

  • Global Cold Heading Machine Market, By Technique
    • Upsetting
    • Extrusion
  • Global Cold Heading Machine Market, By End-User Industry
    • Automotive
    • Electrical and Electronics
    • Industrial
    • Aerospace and Defense
    • Other End-user Industries
  • Global Cold Heading Machine Market, By Geography
    • Asia-Pacific
    • North America
    • Europe
    • Rest of the World
  • Company Profiles
    • Asahi Sunac Corporation
    • Chun Zu Machinery Industry Co. Ltd.
    • Gfm Gmbh Steyr
    • Hatebur Umformmaschinen Ag
    • Hubei Tri-Ring Metalforming Equipment Co. Ltd (Ysd)
    • Industrial Machinery Corporation
    • Komatsu Industries Corp.
    • Lan Dee Woen Factory Co. Ltd
    • Nakashimada Engineering Works Ltd
    • National Machinery Llc
    • Nedschroef Machinery
    • Sacma Limbiate Spa
    • Sakamura Machine Co. Ltd.
    • Samrat Machine Tools
    • Sijin Intelligent Forming Machinery Co. Ltd
    • 16.Tanisaka Iron Works Co. Ltd.
    • Yeswin Machinery Co. Ltd

Frequently Asked Questions

The global cold heading machine market size is estimated to be valued at US$ 3,257.3 Million in 2021 and is expected to exhibit a CAGR of 4.5% between 2022 and 2030.
Rise in demand from electrical industry and growing expansion of defense and aerospace sector are fuelling the market.
The upsetting technique segment is the leading component segment in the market.
Recent decline in automotive industry and unfavorable conditions arising due to the Covid-19 pandemic are the major factors restraining the market.
Yeswin Machinery Co. Ltd., Asahi Sunac Corporation, Yeswin Machinery Co. Ltd., Chun Zu Machinery Industry Co. Ltd., 16.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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