What is Cold Forging Machine Market?
Cold forging is a forging process that results in the shaping of metal by using calculated force performed at room temperature. To deliver a finished product, cold forming includes rolling, drawing, pressing, spinning, extruding and heading. Cold forging machines used for conducting cold forging process devoid of higher operating temperatures. It produces fasteners and shaped pieces by using a cold forging process.
The market study is being classified by Type (2-Die Station, 3-Die Station, 4-Die Station, 5-Die Station, 6-Die Station and Other (1-Die Station, 7-Die Station)), by Application (Aerospace, Transportation, Oilfield, Power Generation, Pumps & Compressors and Defense) and major geographies with country level break-up.
National Machinery (United States), Stamtec (United States), Nedschroef Herentals N.V. (Belgium), Sijin Intelligent Forming Machinery Co., Ltd. (China), Zhejiang Dongrui Machinery Industrial Co., Ltd (China), JYICHYNG (Taiwan), Zhejiang Yeswin Machinery Co., Ltd. (China), Sacma Group (Italy), Hyodong Machine Co Ltd (China) and Ningbo Sijin Machinery Co. Limited (China) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Wuxi Zhengyao Machinery Limited Company (China) and Hatebur Umformmaschinen AG (Switzerland).
Research Analyst at AMA predicts that Chinese Manufacturers will contribute to the maximum growth of Global Cold Forging Machine market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Cold Forging Machine market by Type, Application and Region.
On the basis of geography, the market of Cold Forging Machine has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Cold forged parts require very less finishing works leads into the reduction of production cost
- High production rates and long die life
Market Trend
- High demand for technologically advanced products
Restraints
- Only simple shapes in high volumes can be shaped by cold forging
Opportunities
- Growing demand for cold forging machines
- Rising demand from end-user industry
Challenges
- Slowdown of the world economy
Key Target Audience
Cold Forging Machine Manufactures, Research Professionals, Emerging Companies, Raw Material Suppliers/ Buyers, Distributors, Government Body & Associations and End user