Metal Forming Machine Tools Market Size shall reach a value of $2.1 Billion in 2027, growing with a CAGR of 2.3% during the forecast period of 2020 to 2027.
Market Definition / Research Scope
Metal forming is a device used for forming or shaping metal objects and parts through automatic deformation. The workpiece is reformed without removing or adding material, and its quantity remains unchanged. In other words, metal folding machines are used to deform metals to any needed shape without losing raw materials.
The metal forming machine process is categorized into sheet forming or bulk forming processes. Sheet forming is divided into deep/cup drawing, bending, and shearing, while bulk-forming is divided into forging, extrusion, rolling, and wire or rod drawing. Metal forming machine equipment includes casting machines, punching machines, pressure machines, bending machines, shearing devices, etc. They are used in several processes such as forging, punching, pressing, shearing, bending, forming, and die stamping.
Metal forming machine tools are the necessary tools used in the automobile and manufacturing industry to fold or bend metal so that it can reach its intended form. The benefits of using this productive machine are that it can bend small intricacies and form different shapes for many daily products.
Metal Forming Machine Tools Market Growth and Trends
Driving factors for the industry :
• Increasing demand of high-speed machining products from various industries like automotive, aerospace, general machinery and other electronic sectors is responsible for the high demand for metal forming machine tools.
• Growing adoption of automation and robotics in various manufacturer sectors in also anticipated to boost the growth of the global metal forming machine tools market.
• Growing investment by various market players in the industrial manufacturing sectors has accelerated the implementation of automated machine tools market considerably in the near future.
• Growing adoption of automation of production activities in various manufacturing industries across the world has improved the productivity and is anticipated to be a key factoraccelerating the growth and demand of the global metal forming machine tools. Automation also helps in organization of the overall workflow increasing efficiency during emergency.
• Asia-Pacific, Europe, Africa are responsible for dominating the metal forming machine tools market during the assessment period.
• Rapid growth in manufacturing activities, along with rapid industrialization and economic development in the emerging country is expected to boost the markets growth in these regions during the upcoming years.
• Rapid globalization and industrialization of the overall manufacturing sectors has increased the quality and efficiency of manufacturing processes which has led to a rise in the implementation of these automated machine tools.
• Growing demand for metal fabrication in various application areas will boost the metal forming machines growth and demand during the forecasted periods.
• Launch of new generation technologically advanced innovation in the metal forming machine tools market will boost the growth and demand for the global market soon.
• Milling and CNC machine segments are expected to dominate the market and drives its growth and demand for the metal forming machine tools market.
• Automotive and transportation industry adopt AI, IOT, robotics that serve all the demands of the end-sector consumers and is expected to grow the metal forming machine tools significantly.
Challenges for the industry :
• Rapid use of nonmetals like carbon fiber and plastics acts as a limitation and is expected to hinder the growth of the global market.
Metal Forming Machine Tools Market Regional Analysis
The Asia Pacific will hold a great share in the market because of the increased in construction and manufacturing activities. The improvement in the technology and economy has helped the markets of Indian, Japan, China, Philippines to expand. In the North American region, the development in the automated process, and an increase in industrial and manufacturing sectors’ have contributed immensely to the growth. Countries of Europe, mainly Germany, France, the United Kingdom, and Greece, are expected to grow significantly because of the increasing number of the automotive industry contributing significantly to the market.
Metal Forming Machine Tools Market Share and Competition
Key companies operating in this industry are: Amada Co. Ltd., ANDRITZ, Mitsubishi Corporation, TRUMPF Group, DMG Mori Seiki Aktiengesellschaft, and Schuler AG. Similar industries in this domain that is growing at a high CAGR include Sheet Metal Processing Equipment Market and Bare Metal Cloud Market.
Metal Forming Machine Tools Market Research Report Analysis Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2020 – 2027)
• Data breakdown for every market segment (2020 – 2027)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
End-user Analysis (Revenue, USD Million, 2020 - 2027)
• Automotive
• Transportation
• Industrial Machinery
• Construction
• Precision Engineering
• Others
Region Analysis (Revenue, USD Million, 2020 - 2027)
• United States
• Canada
• Mexico
• France
• Germany
• Italy
• Spain
• United Kingdom
• Russia
• China
• India
• Philippines
• Malaysia
• Australia
• Austria
• South Korea
• Middle East
• Japan
• Africa
• Rest of World
Metal Forming Machine Tools Market Companies
• Amada Co. Ltd.
• ANDRITZ
• Mitsubishi Corporation
• TRUMPF Group
• DMG Mori Seiki Aktiengesellschaft
• Schuler AG
Available Versions: -
United States Metal Forming Machine Tools Market Research Report
Europe Metal Forming Machine Tools Market Research Report
Asia Pacific Metal Forming Machine Tools Market Research Report
India Metal Forming Machine Tools Market Research Report
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