Cold Heading Machine Market is Estimated To Witness High Growth Owing To Rising Automotive Production

Cold Heading Machine Market


Market Overview:

Cold heading machines are used for the cold heading process in which a piece of rod or wire is pushed or drawn through a die to form a precise shape under a mechanical load. These machines are used across various industries such as automotive, oil & gas, aerospace & defense and agriculture for manufacturing bolts, nuts, pipes, shafts, and other precision metal components. They offer dimensional accuracy, consistent quality and ability to produce complex products.

Market key trends:
One of the key trends driving growth of the cold heading machine market is the rising automotive production globally. Cold headed parts are widely used in the automotive industry for manufacturing components such as valves, transmission gears, suspension bolts and others. As per International Organization of Motor Vehicle Manufacturers (OICA), global vehicle production increased from around 69 million units in 2010 to over 95 million units in 2019. With recovering economies and rising disposable incomes, automotive production is expected to continue growing over the forecast period, thereby augmenting demand for cold heading machines.

Porter's Analysis

Threat of new entrants: Low capital requirements and established customers pose low threat of new entrants in the Cold Heading Machine Market Demand.

Bargaining power of buyers: Large number of cold heading machine manufacturers limits the bargaining power of buyers.

Bargaining power of suppliers: Established supply networks of raw material suppliers limits their bargaining power.

Threat of new substitutes: Low threat as cold heading offers design flexibility and precision production of parts.

Competitive rivalry: High due to presence of numerous global and regional players.

SWOT Analysis

Strengths: Precision manufacturing, design flexibility, and low production costs.

Weaknesses: High maintenance costs and requirement of skilled labor.

Opportunities: Growth in automotive industry and rising application in aerospace components presents opportunities.

Threats: Changing trade policies and economic uncertainty poses threats.

Key Takeaways

The global cold heading machine market is expected to witness high growth, exhibiting CAGR of 4.5% over the forecast period, due to increasing demand from automotive industry. The automotive production is growing steadily driven by increasing vehicle sales especially in emerging economies of Asia Pacific.

Asia Pacific dominates the global market and the region is expected to maintain its dominance during the forecast period. Countries like China, Japan and India are major cold heading machine producers as well as consumers.

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.

Read More:

https://www.dailyprbulletin.com/cold-heading-machine-market-growth-demand-and-value/

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