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Evolving Market Trends In The Metal Forming Machine Tools Industry: Advancements In Digital Sheet Forming Technology For Efficient Metal Production
The Metal Forming Machine Tools Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].What Is the Expected Metal Forming Machine Tools Market Size During the Forecast Period?
The metal forming machine tools market size will grow from $59.55 billion in 2024 to $62.7 billion in 2025 at a compound annual growth rate (CAGR) of 5.3%. The growth in the historic period can be attributed to increasing demand across various industries, an increase in the need for precise manufacturing, increasing industrial activities in developing economies, a rise in construction activities, and increasing efficiency, productivity, and flexibility.
The metal forming machine tools market is expected to grow to $76 billion in 2029 at a CAGR of 4.9%. Growth is due to R&D investment, material science advancements, demand for high-precision components, digital technology adoption, and automation. Trends include robotics integration, digitalization, lightweight materials, software development, and hybrid tech advancements.
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What Are the High-Growth Segments in the Metal Forming Machine Tools Market?
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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What Key Drivers Are Expected to Influence Future Metal Forming Machine Tools Market Growth?
The increase in construction activities is expected to boost the growth of the metal-forming machine tools market. The rising demand for housing and commercial spaces, coupled with urbanization, is driving construction projects. Metal-forming machine tools enhance the production of durable and strong materials needed for construction. The Office for National Statistics in the UK reported in November 2023 that new construction activities saw an increase in 2022, further driving the demand for metal-forming machine tools.
Which Companies Hold the Largest Share Across Different Metal Forming Machine Tools Market Segments?
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
What Are the Major Trends Shaping the Metal Forming Machine Tools Market?
In the metal forming machine tools market, companies are advancing technologies such as digital sheet forming (DSF) to improve production efficiency. DSF technology uses digital techniques to optimize the manufacturing of sheet metal parts, increasing precision and accelerating production cycles. In September 2022, Desktop Metal, a US-based company, launched the Figur G15, capable of handling sheet metals up to 2.0 mm thick for steel and 2.5 mm for aluminum. This system reduces production costs and time, producing parts at a lower cost compared to traditional methods, ideal for low-volume production and prototyping, especially in the automotive and aerospace industries.
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What Are the Emerging Geographies for The Metal Forming Machine Tools Market Growth?
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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Metal Forming Machine Tools Market?
2. What is the CAGR expected in the Metal Forming Machine Tools Market?
3. What Are the Key Innovations Transforming the Metal Forming Machine Tools Industry?
4. Which Region Is Leading the Metal Forming Machine Tools Market?
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