Market Overview and Market Dynamics for Cold Heading Machine Market owing to Advancements in Automation and Rising Demand from Automotive Industry

Market Overview and Market Dynamics for Cold Heading Machine Market owing to Advancements in Automation and Rising Demand from Automotive Industry

Market Overview:
Cold heading machines are metal forming machines used for producing headed parts without heating metal. Headed parts are commonly used in the automotive, fasteners, and industrial machinery industries. Cold heading machines impart shape to the metal through compressive forces as the metal is squeezed and formed between dies. These machines offer high production rates and precision.

Market Dynamics:
The global cold heading machine market is driven by advancements in automation and rising demand from the automotive industry. Cold heading machines have advanced significantly with the integration of automation technologies such as servo drive systems, automatic part ejection, and programmable logic control (PLC). Automated cold heading machines offer higher production efficiency and precision. Furthermore, the growing automotive industry is fueling the demand for cold headed fasteners such as bolts, screws, pins, and rivets. Cold headed parts are widely used in the manufacture of engine components, gearboxes, suspension systems, braking systems, and other vehicular assemblies. According to the International Organization of Motor Vehicle Manufacturers, vehicle production increased from around 88.8 million units in 2016 to over 94.7 million units in 2018 across major markets. The increasing automobile manufacturing is anticipated to drive the demand for cold heading machines over the forecast period.

SWOT ANALYSIS

Strength: The Cold Heading Machine Market Demand has a wide variety of applications across different industries such as automotive, electronics, metal forming and industrial machinery. The process of cold heading saves manufacturers operational costs by lowering energy consumption compared to hot forming methods. Cold heading machines are reliable and offer high productivity rates.

Weakness: Initial investment costs for cold heading machines are higher compared to other metal forming techniques. Frequent replacement of tooling parts increases maintenance expenses. Cold heading machines have limited abilities to handle materials of high strength.

Opportunity: Growing demand for miniaturization of components from industries like electronics and medical devices will drive the need for miniature cold heading machines. Advances in controls, hydraulics and automation provide opportunities to develop new integrated cold heading systems with enhanced productivity and precision.

Threats: Volatile raw material prices can squeeze the margins of cold heading machine manufacturers. Economic slowdowns can decrease capital expenditures of end-use industries on metal forming equipment upgrades.

KEY TAKEAWAYS

The global cold heading machine market is expected to witness high growth, exhibiting a CAGR of 4.5% over the forecast period, due to increasing demand from automotive industry. The automotive sector is leading the adoption of cold heading processes for manufacture of engine and transmission components requiring high-volume production.

Regional analysis: Asia Pacific dominates the cold heading machine market, accounting for more than 35% of the global share in 2021. China, India and Japan are major markets driving the regional market growth. Presence of a large automobile manufacturing base and widespread usage of cold heading technology across metal forming industries favors the Asia Pacific region.

Key players: Key players operating in the cold heading machine market are Yeswin Machinery Co. Ltd., Asahi Sunac Corporation, Chun Zu Machinery Industry Co. Ltd., Tanisaka Iron Works Co. Ltd., Gfm Gmbh Steyr, Sijin Intelligent Forming Machinery Co. Ltd., Hatebur Umformmaschinen Ag, Samrat Machine Tools, Hubei Tri-Ring Metalforming Equipment Co. Ltd

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