Global Metal Forming Machine Tools Market Projected to Surpass $76 Billion by 2029 with 4.9% Annual Growth

What combination of drivers is leading to accelerated growth in the metal forming machine tools market?
Surge in the construction activities is envisioned to be a key engine for the potential expansion of the metal-forming machine tools market in the near future. Construction tasks incorporate a wide range of activities from the construction of new structures to modification, repairs, and even destruction of old ones, across residential and non-residential projects. The essential catalyst propelling these tasks is, fundamentally, rapid urbanization, burgeoning housing demand, and growing commercial developments, all cumulating towards the increase in construction endeavours. Metal-forming machine tools offer versatile solutions for many construction needs, improving metal resilience and long-lastingness. The automated operations of these tools escalate efficiency and production, aiding in prompt and cost-minimizing completion of projects. For example, as per the Office for National Statistics, UK's government department, in November 2023, new construction activities experienced a surge of £18,161 million ($19.96 million) in 2022, witnessing a growth of 16.8% in private sector undertakings and 13.1% in public sector projects. Consequently, the escalating construction activities are fuelling the expansion of the metal-forming machine tools market.

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What is the projected compound annual growth rate (CAGR) of the metal forming machine tools market from 2025 to 2034, and what factors influence it?
In the past few years, the market size for metal forming machine tools has experienced substantial growth. The market value is projected to increase from $59.55 billion in 2024 to $62.7 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 5.3%. The growth during the historical period has been driven by increasing demand from a myriad of industries, a growing need for precision manufacturing, a rise in industrial activities in emerging economies, escalating construction activities, and enhanced efficiency, productivity, and flexibility.

We anticipate a consistent expansion in the metal forming machine tools market in the forthcoming years, with a prediction to reach a value of $76 billion by 2029, establishing a compound annual growth rate (CAGR) of 4.9%. Factors such as surging investments in research and development, advances in the field of material science, increased requirement for high-precision components, a noticeable shift towards sophisticated digital technologies, and a growing inclination towards automation and robotics contribute towards growth within this forecasted period. Key trends for this period include the incorporation of robotics and automation technologies, the implementation of digitalisation and intelligent technologies, need for weight-reduced materials, progress in software integration, and enhancements in hybrid technologies.

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What are the emerging trends shaping the future of the metal forming machine tools market?
Key businesses in the metal forming machine tools sector are prioritizing the development of advanced methodologies, such as digital sheet forming (DSF) technology, to boost their operational effectiveness and expedite fabricating procedures. As a cutting-edge manufacturing method, DSF uses digital solutions to streamline production of sheet metal parts. It bolsters accuracy and hastens production cycles when compared with traditional approaches. For instance, Desktop Metal, a technology company based in the US that creates 3D printing systems, introduced Figur G15 in September 2022. The G15 accommodates a maximum forming area of 1450 x 1000 mm and can manage sheet metals up to 2.0 mm in thickness for steel and 2.5 mm for aluminum. It is capable of withdraw depths of up to 400 mm linearly. This system drastically curbs manufacturing expenses and project timelines, creating parts at approximately $10 per piece compared to $160 using the usual stamping techniques. The Figur G15 is efficient at producing fully formed parts in under an hour, which is ideal for small-scale production and prototyping, particularly in sectors like automotive and aerospace. Moreover, only minimal post-processing is necessary to achieve a high-end surface finish.

What are the major segments of the metal forming machine tools market and their role in driving growth?
The metal forming machine toolsmarket covered in this report is segmented -

1) By Type: Bulk Forming, Sheet Forming, Powder Metal Forming, Other Types
2) By Raw Materials: Ferrous, Non-Ferrous, Steel, Aluminum, Other Raw Materials
3) By Application: Automotive, Manufacturing, Precision Engineering, Construction, Aerospace And Defense, Other Applications

Subsegments:
1) By Bulk Forming: Forging Machines, Extrusion Presses, Roll Forming Machines, Die Casting Machines, Hydroforming Equipment
2) By Sheet Forming: Stamping Presses, Bending Machines, Shearing Machines, Punching Machines, Laser Cutting Machines
3) By Powder Metal Forming: Powder Pressing Machines, Sintering Equipment, Powder Injection Molding Machines, Cold Isostatic Pressing Machines, Hot Isostatic Pressing Machines
4) By Other Types: Hybrid Forming Machines, CNC Metal Forming Tools, Specialized Forming Equipment, Metal Additive Manufacturing Machines, Machine Tools for Metal Cutting.

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Which regions are key players in the growth of the metal forming machine tools market?
North America was the largest region in the metal forming machine tools market in 2024. The regions covered in the metal forming machine tools market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Who are the key firms paving the way for growth in the metal forming machine tools market?
Major companies operating in the metal forming machine tools market are TRUMPF Inc., Amada Holdings Co. Ltd., Schuler AG, Mitsubishi Steel Mfg Co. Ltd, Fagor Arrasate, Empire Industries Limited, LVD Group, Macrodyne Technologies Inc., Haeusler AG, Accurpress, Schröder Group, Hammer Presses, Krrass, Cincinnati Machine, Bystronic Group, KNUTH Werkzeugmaschinen GmbH, Röcher GmbH & Co. KG, Electro Mechanical Solutions LLC (EMS), Anhui Donghai Machine Tool Co. Ltd, Jadestone Machine Tool Co. Ltd

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What Is Covered In The Metal Forming Machine Tools Global Market Report?

•Market Size Forecast: Examine the metal forming machine tools market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the metal forming machine tools market for a structured understanding.
•Key Players Overview: Analyze major players in the metal forming machine tools market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the metal forming machine tools market.
•Segment Contributions: Evaluate how different segments drive overall growth in the metal forming machine tools market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the metal forming machine tools market.
•Industry Challenges: Identify potential risks and obstacles affecting the metal forming machine tools market.
•Competitive Landscape: Review strategic developments in the metal forming machine tools market, including expansions, agreements, and new product launches.

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