The global Cold Heading Machine Market is estimated to account for US$ 3,257.3 Mn in terms of value by the end of 2021. The cold heading machine market is a multi-functional tool that is used in various industries. It offers a diversified product line, as it can cut metal sheets with high precision. Moreover, it eliminates the segregation of material. In order to create a part, a cold heading machine uses a series of punches and dies. Each die is designed to form a part in a certain shape or volume. For example, a simple fastener may be formed in a single blow, whereas a more complex one requires several blows. A cold header also incorporates an accurate inspection system to protect the dies and lathe, while enhancing the service life of the equipment.
Global Cold Heading Machine Market: Drivers
Various benefits offered by cold heading machines are anticipated to drive growth of the global cold heading machine market during the forecast period. Cold heading machines offer various advantages over hot heading machines. The parts forged with cold heading method rarely need finishing work. Moreover, it saves lots of material due to shape accuracy. Moreover, the growing production output of cold heading are also one of the major factors driving the adoption of cold heading machines over hot heading machines. Thus, these factors are likely to boost growth of the market over the forecast period.
Global Cold Heading Machine Market: Opportunities
Growing metalworking industry in countries such as Thailand, India, and China is expected to offer growth opportunities in the global cold heading machine market over the forecast period. The largest market for machine tool around the world remains in China, as it accounts for one-fifth of the global consumption. Along with Germany and Japan, China is one of the top 3 producer. The machinery business revenue of the country is US$ 3 trillion in value. Similarly, India is also one of the largest metalworking industry, with machinery and metal-working industries comprising on nearly 250,000 enterprises. Thus, the cold heading machine market in these regions will offer significant opportunities in the cold heading machine industry in the near future.
Global Cold Heading Machine Market: Restraints
Some of the certain disadvantages of cold heading machines are expected to restrain growth of the global cold heading machine market over the forecast period. The machines needed to conduct cold heading has to be more powerful and heavier. Due to this cost of these machines is high, and products gained after the heading can be less ductile, and the use of cold heading may cause residual stress during the operation. Thus, these factors are likely to impact growth of the market in the forecast future.
Global Cold Heading Machine Market - Impact of Coronavirus (Covid-19) Pandemic:
The impact of Covid-19 pandemic disrupted growth of the global cold heading machine market. Due to the pandemic, the end user industries of the market were adversely impacted by the pandemic. Automobile industry across the globe was disrupted during the pandemic along with electrical and electronics among others. Due to the stringent lockdown regulations, production and demand across these industries was hampered, which in turn affected the demand for cold heading machines. Thus, the pandemic had a negative impact on the cold heading machine market. Nevertheless, the market is likely to regain growth, as the pandemic situation is going back to normal in most of the regions around the world.
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The global cold heading machine market was valued at US$ 3,257.3 Mn in 2021 and is forecast to reach a value of US$ 4840.6 Mn by 2030 at a CAGR of 4.5% between 2022 and 2030.
Upsetting technique segment held dominant position in the global cold heading machine market in 2021, accounting for 59.7% share in terms of value, increasing approval and launch of new products is expected to propel growth of the segment during the forecast period.
Global Cold Heading Machine Market Trends:
Among technique, upsetting segment is gaining traction in the global cold heading machine market, which in turn is expected to propel growth of the market over the forecast period. Cold heading manufacturing involves several processes for forming metal parts at room temperatures. Upsetting and extrusion are the two separate techniques used for forcing the material into the die. In the upsetting method, the punch block forces the metal out from the die for producing a head bigger than the initial blank. The application for cold headed screws, bolts, and rivets in different end user applications are increasing, which is creating demand for cold headed machines with the upsetting technique. This trend is likely to continue in the market in the coming future.
Moreover, growing manufacturing industry in Europe is a growing trend in the global cold heading machine market. The manufacturing industry in countries such as England in Europe are showing significant growth. According to the Coherent Market Insights, manufacturing including production of pharmaceuticals, foods, metal processing, light industry, and petroleum refining accounts for nearly 80% of the total industrial production of the country. Moreover, spending on defense and military sector is also increasing in the region along with the support from government. These factors are expected to fuel growth of the global cold heading machine market over the forecast period.
Global Cold Heading Machine Market: Competitive Landscape
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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