Press release
Cold Forging Machine Market Poised for Growth with Rising Demand for High-precision and Automated Forging Processes (2022 - 2030)
In term of revenue, the global cold forging machine market was valued at US$ 21.79 Bn in 2021, growing at an estimated CAGR of 3.3% over the forecast period.
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One of the major drivers of the cold forging machine market is the increasing demand for fuel-efficient and lightweight vehicles, which requires high-strength, lightweight components. The aerospace industry is also driving demand for cold forging machines as it requires high-precision, low-weight components for aircraft and spacecraft. The medical industry is also contributing to market growth as it requires precision-made components for medical devices, implants, and prosthetics.
Another factor driving market growth is the increasing adoption of automation and robotics in the forging process, which is helping to reduce the cost and time required to produce high-precision parts. Furthermore, advancements in technology and the development of new alloys and materials have improved the performance and reliability of cold forging machines.
However, the high cost of cold forging machines and the need for specialized technicians and maintenance personnel are some of the challenges facing the market. Additionally, the stringent regulatory requirements for the safety and quality of the products manufactured using cold forging machines is also a hindrance to market growth.
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List of Major Players in Cold Forging Machine Market Report are:
Nakashimada
National Machinery
Nedschroef
Rayliter
Sacma
Sakamura
Stamtec
Sunac
Tanisaka
Yeswin Group
Other Market Participants
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Highlights of the Report:
The new entrants and alternative products and services that pose a significant threat to the competitors in the future are highlighted in this report.
Business models adopted by the leading players for partnering with the other growing competitors
The report exploits unexplored market spaces that may enable the market participants to compete with the leading players.
It reviews the biggest competitors across various segments in the Cold Forging Machine
The report explores different buyers and sellers through the market's value chain.
The Cold Forging Machine market report has identified the specific categories of products that compete with the international marketplace giants.
The product categories that ensure high profit for the sellers and other participants are presented in the study.
The report puts together the key takeaways that the market participants can start implementing straight away.
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Global Cold Forging Machine Market Segmentation:
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
Europe
Asia Pacific
Middle East & Africa
Latin America
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