Metal Forming Machine Tools Market Size, Analysis & Future Growth Prospects, 2020-2027

Metal Forming Machine tools Market Outlook - 2027

Metal forming machine tools are the necessary tools used in the manufacturing and automobile industry. Metal forming can be described as the deformation of the metal to any required shape without any loss of raw materials. It basically includes stamping machines, pressing, bending and shearing machines. The market development of metal shaping machine process is probably going to profit in the upcoming years especially, in the assembling segment.

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It can be divided into two types i.e. Bulk forming and Sheet forming. The basic difference between the two is the bulk forming is done in massive operations and while Sheet forming is done through cutting sheets. The need to produce high precision products acts to be a major factor in the development of metal forming machine tools. The CNC metal forming products create a huge demand in the present scenario.

Covid-19 Scenario Analysis:

The demand for the metal forming machine tools is expected to decrease in the year 2020 due to lockdown imposed by the government and low demand from automotive industries.

COVID-19 pandemic has shut-down the production of various products in the metal forming machine tools industry, mainly owing to the prolonged lockdown in major global countries. This has hampered the growth of Metal forming machine tools significantly from last few months, as is likely to continue during 2020.

COVID-19 has already affected the sales of equipment and machinery in the first quarter of 2020 and is likely to cause a negative impact on the market growth throughout the year.

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Key segments

By Type

Bulk forming
Shear forming
others

By Raw Materials

Ferrous
Non Ferrous
Steel
Aluminum
others

By Applications

Automotive
Consumer goods
Railways
Construction
others

Key Players

Major players analyzed include Mitsubishi Corporation, Amada Holdings ltd, TRUMPF, Hyundai WIA, Schuler AG, Conzzeta Management, Komatsu ltd, DMG Mori, Dalian Machine tool group and ANDRITZ.

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This release was published on openPR.