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 utilized to manufacture parts from ductile metals through a cold working process. It involves pressing and reshaping metal stock in a die without heating. The cold heading process is used for mass production of metal parts with complex shapes like nuts, bolts, screws etc. It offers advantages such as close dimensional tolerance, smooth surface finish and reduced manufacturing costs.
Market key trends:
Continuous development of advanced cold heading technologies is one of the key trends witnessed in the market. Manufacturers are investing in automation, artificial intelligence and Internet of Things (IoT) to develop smart and automated cold heading machines. For instance, Yeswin Machinery Co. Ltd. offers AI enabled cold heading machines integrated with IoT connectivity. This allows real-time process monitoring and data collection for predictive maintenance. Use of new generation materials like specialty steels, aluminum and copper alloys is also gaining traction in the market. Parts made from these advanced materials through cold heading process exhibit superior strength, corrosion resistance and longer service life.
Segment Analysis
The global Cold Heading Machine Market Growth is segmented into by machine type, operation, and end-use industry. Based on machine type, the market is categorized into flywheel/direct driven type cold heading machine and crankshaft type. The flywheel/direct driven type cold heading machine segment holds the largest share as they are more energy efficient and compact in size. By operation, the market is classified into fully-automatic cold header and semi-automatic cold header. The fully-automatic cold header segment dominates as they offer higher productivity with less manual intervention. Based on end-use industry, the market is divided into automotive, aerospace, and construction. The automotive segment accounts for the largest share owing to growing application of cold heading process for manufacturing fasteners and small metal components in automobiles.
Key Takeaways
The global cold heading machine market size was valued at US$ 3557.05 Mn in 2023 and is expected to grow at a CAGR of 4.5% during the forecast period. The increasing demand from the automotive industry is driving the market growth.
Regional analysis: Asia Pacific accounts for the largest share in the global cold heading machine market and is expected to maintain its dominance over the forecast period. This is attributed to rapid growth of the automotive sector in countries like China and India. Additionally, the presence of major players in the region supplements the market growth.
Key players: Key players operating in the cold heading machine market are 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. The players are focusing on launching new and advanced products to gain a competitive edge in the market.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
