The cold forming and cold heading market are expected to grow from US$ 19,510.15 million in 2022 to US$ 27,332.39 million by 2028; it is estimated to grow at a CAGR of 5.8% from 2022 to 2028.
The process of forging metals at room temperature is referred to as cold forming. Metal wires are cut into small segments to form multiple die progression in a cold heading machine. Every step of the process imparts specific geometrical features to the design of the product being manufactured, such as automotive, industrial equipment, and medical equipment, that offers manufacturability and a long-term production life cycle. The cold forming process has zero processing scrap, which is one of the major reasons it is preferred over traditional metal machining.
Cold forming and cold heading solutions are applied for commercial and military aircraft production. It helps in building the structure of aircraft bodies. The rising air passenger traffic across the globe is increasing the demand for aircraft fleets operated by major airlines across developed and developing countries. The rise in demand for military aircraft from the defense industry has also boosted aircraft manufacturing. For instance, in July 2022, Voyager Aviation Holdings, LLC (VAH) announced a purchase agreement of US$ 300 million to work with a blue-chip aircraft leasing firm for 7 new and in-production aircraft. Similarly, in November 2021, Indigo partner portfolios announced the procurement of 255 additional A321neo aircraft. Additionally, in September 2021, the Indian government announced the procurement of 56 Airbus C-295 military aircraft worth US$ 2.5 billion. Thus, the above-mentioned contracts would increase aircraft manufacturing activities, thereby propelling the demand for cold forming and cold heading solutions.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Cold Forming and Cold Heading Market: Strategic Insights
Market Size Value in US$ 19,510.15 Million in 2022 Market Size Value by US$ 27,332.39 Million by 2028 Growth rate CAGR of 5.8% from 2022 to 2028 Forecast Period 2022-2028 Base Year 2022
Naveen
Have a question?
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
– Cold Forming and Cold Heading Market
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Cold Forming and Cold Heading Market: Strategic Insights
| Market Size Value in | US$ 19,510.15 Million in 2022 |
| Market Size Value by | US$ 27,332.39 Million by 2028 |
| Growth rate | CAGR of 5.8% from 2022 to 2028 |
| Forecast Period | 2022-2028 |
| Base Year | 2022 |
Naveen
Have a question?
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
Impact of COVID-19 Pandemic on Cold Forming and Cold Heading Market
North America is significantly influenced by the strong presence of the US, owing to its considerable penetration of passenger vehicles per capita and large presence of automobile manufacturing capabilities in the region. Though the US witnessed a notable surge in the number of COVID-19 cases, the lack of stringent government measures and restrictions minimally impacted the overall automotive industry; hence, the cold forming and cold heading market share witnessed a moderate impact from the COVID-19 pandemic. However, the ongoing US and China trade war influenced the availability of materials and components for various automotive OEMs, which affected the market following the pandemic. Further, Mexico and Canada witnessed a decline in the demand for automotive sales and a notable decline in their overall market growth for various automotive components, including cold forming and cold heading and its related components.
Lucrative Regions for Cold Forming and Cold Heading Market
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Market Insights – Cold Forming and Cold Heading Market
APAC accounted for the largest share of the global cold forming and cold heading market size in 2021, followed by Europe, North America, the MEA, and SAM. APAC adopted a rising number of government initiatives to promote the manufacturing sector. Government bodies across countries, including China and India, have started initiatives such as Made in China and Made in India, which is influencing the local manufacturing of industrial equipment, medical equipment, and automobile. These factors are contributing to the APAC cold forming and cold heading market growth.
North America is expected to register the highest CAGR during the forecast period. The increase in investment by manufacturers across the region to set up production plants and research & development centers is further increasing the demand for cold forming and cold heading solutions. In December 2021, Toyota Motor announced the opening of its new automotive battery plant in the US. Similarly, in April 2022, General Motors started manufacturing electric cars in Mexico. These factors are constantly propelling the demand for cold forming and cold heading solutions, thereby augmenting the cold forming and cold heading market growth in North America.
Industry-Based Insights
Based on industry, the cold forming and cold heading market size is segmented into aerospace & defense, automotive, industrial equipment & machinery, and others. The automotive segment is expected to dominate the market during the forecast period. The automobile industry is constantly growing. Therefore, there is a rising need for metal fasteners, such as rivets and bolts, in the industry. France is working to produce clean vehicles, along with a few of the government's actions taken in different regions to overcome the damage caused by the COVID-19 pandemic. It will increase the production of electric and hybrid vehicles to over 1 million units annually over the next five years and plan to rescue the US$ 9.7 billion automotive industry. Thus, the automotive sector is growing rapidly.
The cold forming and cold heading market is segmented on the basis of material, industry, and geography. Based on material, the cold forming and cold heading market is segmented into aluminum, alloy steel, stainless steel, and others. Based on industry, the cold forming and cold heading market is segmented into aerospace & defense, automotive, industrial equipment & machinery, and others. By geography, the cold forming and cold heading market is primarily segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America.
Stanley, Kalyani Forge, Altra Industrial Motion Corp, Deringer-Ney Inc, and Cold Formed Products are among the key cold forming and cold heading market players considered in the research study.
The cold forming and cold heading market players are mainly focused on the development of advanced and efficient products.
- In 2022, Altra Industrial Motion Corp., a leading global manufacturer and supplier of motion control, power transmission, and automation products, acquired Nook Industries LLC, a pioneer in the engineered linear motion market based in Cleveland, Ohio .
- In 2021, Deringer-Ney Inc., a world leader in precious metal alloys, micro manufactured parts (MICROmfg), electrical contacts, and precision components for medical devices, acquired Hoyt Corporation, a top supplier of electrical contacts, copper extrusions, and contact assemblies.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Material, and Industry
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The global market size for the cold forming and cold heading market is US$ 27,332.39 million in 2028.
APAC is expected to witness the fastest growing CAGR in the cold forming and cold heading market over the forecast period.
Advancements in Cold Forming and Cold Heading
The major companies in the cold forming and cold heading market include Stanley; Kalyani Forge; Altra Industrial Motion Corp; Deringer-Ney Inc; and Cold Formed Products.
Growing Demand Cold Forming and Cold Heading in Aerospace Industry
Increasing Demand for Cold Forming and Cold Heading in Automotive Industry
The global market size for the cold forming and cold heading market is US$ 19,510.15 million in 2022.
The List of Companies - Cold Forming and Cold Heading Market
- STANLEY
- Altra Industrial Motion Corp.
- KALYANI FORGE
- Bharat Forge
- Cold-Flow Corporation
- Deringer-Ney Inc
- Buchanan Metal Forming Inc
- Fukui Byora Co., Ltd.
- Cold Heading Company
- Cold Formed Products
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
Trends and growth analysis reports related to Cold Forming and Cold Heading Market
Jul 2022
Type-C Tanks Market
Size and Forecast (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Tank Type (Cylindrical, Bi-lobe, and Tri-lobe), Application (Cargo Tanks and Fuel Tanks), End User (LNG, LPG, LH2, and Ethanol), and Geography
Jul 2022
Water Treatment Industry Valves Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Valve Type (Ball Valves, Butterfly Valves, Diaphragm Valves, Safety Valves, Check Valves, Gate Valves, and Others) and Material Type (Steel Alloys, Stainless Steel, Cast Iron, and Others)
Jul 2022
Construction Scaffolding Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Offering [Scaffolding Products (Sale) and Rental Solutions], Type (Frame Scaffolding, Tube and Clamp Scaffolding, Ringlock Scaffolding, Cuplock Scaffolding, and Others), and End User (Residential Building, Commercial Building, Industrial, Oil and Gas Industry, Events, and Others)
Jul 2022
Conventional Lathe Machine Market
Forecast to 2028 - Global Analysis by Spindle Orientation (Horizontal and Vertical), Number of Axis (2 and 3), End-User (Automotive, General Machinery, Aerospace, Electronics, Oil & Gas, Others), and Lathe Type (Universal Lathe and Oil Country Lathe)