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Global Cold Forging Machine Market was Worth US$ 21.79 Bn in 2021 and is Forecasted to Witness Growth at a CAGR of 3.3% over the Forecast Period (2022 – 2030): A Report by Absolute Markets Insights

Published On 11 Oct 2022 05:08 PM


The introduction of metals changed the dynamics of this planet. The evolution that started with tools made from wood and stone were soon replaced with metals considering their strength and durability. Right from hunting to farming, metal tools are being used extensively since ages and the world has been forging metals. The surging demand for tools made out of metals was the reason why forging machines were brought in use. Cold forging primarily happens to be a process of shaping the metal and manufacturing it where bar stock that is inserted in a die and then squeezed in another die which is closed is known as cold forging. Growing global economy is the reason why demand for cold forging machines has gone up and this is why the cold forging machine market is growing massively.

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The coronavirus pandemic dented the growth of the cold forging machine market just like majority of industries. The demand for metal equipment slumped massively as global shut down imposed to curtail the spread of dreadful virus.

One of the major reason that has been driving the growth of the cold forging machine market is extensive use of these machines. Higher awareness about advantages related to cold forging machines as compared to hot forging machines contributes to this market’s growth. Also, the fact that the production output goes up due to use of these machines.

On the other hand, higher costs associated with installation of the cold forging machines plays a restraining factor in the growth of the cold forging machine market. Meanwhile, emerging economies are providing ample opportunities for the growth of the cold forging machine market. This is the reason why this market is forecasted to witness massive growth over the period of next few years.

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Key Takeaways - Global Cold Forging Machine Market: 

  • Cold forging machines have proven to be a great replacement to hot forging machines and have increased productivity.
  • The use of hydraulic technology in cold forging machines makes these machines more effective and easier to use also saving huge amount of time. This is the reason even small scale industries are turning towards use of cold forging machines.
  • The number of construction projects across the globe have skyrocketed especially post pandemic. This is the exact reason why construction generates second highest revenue for the cold forging machine market.
  • The region of North America is forecasted to witness tremendous growth that too at the fastest rate for the cold forging machine market. Availability of companies that manufacture cold forging machines and deep pockets of the several industries is significantly helping this market grow. The industrial sector in countries like the United States and Canada is more aware about latest machinery, which helps them optimize costs

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A few of the major players operating in the global cold forging machine market are listed below:

  • Aida
  • Baihe Machinery
  • Carlo Salvi
  • Charter Automotive LLC
  • GFM
  • Harbin Rainbow Technology
  • Hatebur
  • Innor Machinery
  • Komatsu
  • Nakashimada
  • National Machinery
  • Nedschroef
  • Rayliter
  • Sacma
  • Sakamura
  • Stamtec
  • Sunac
  • Tanisaka
  • Yeswin Group
  • Other Market Participants

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Global Cold Forging Machine Market

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

  • Forging by Hammers
  • Pneumatic forging hammers
  • Electro-hydraulic forging hammers
  • Power-operated forging hammers
  • CNC hydraulic die forging hammers
  • Forging by Press
  • Mechanical Press
  • Hydraulic Press
  • Crank type Mechanisms
  • Rotary Machines

By End Use

  • Automotive
  • Heavy Engineering
  • General Manufacturing
  • Construction
  • Aerospace
  • Textile Machines
  • Military
  • Others

By Region

  • North America (U.S., Canada, Mexico, Rest of North America)
  • Europe (France, The UK, Spain, Germany, Italy, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, The Netherlands, Luxembourg), Rest of Europe
  • Asia Pacific (China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest of Southeast Asia), Rest of Asia Pacific
  • Middle East & Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East & Africa)
  • Latin America (Brazil, Argentina, Rest of Latin America)  

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Press Release Provided By: Absolute Markets Insights