Cold Forming and Cold Heading Market Size, Share | 2028
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.
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Cold Forming and Cold Heading Market: Strategic Insights
Cold Forming and Cold Heading Market
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![](https://www.theinsightpartners.com/assets/images/rd_int_img/cagr.png)
CAGR (2022 - 2028)
5.8%
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Market Size 2022
US$ 19.51 Billion
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Market Size 2028
US$ 27.33 Billion
Market Dynamics
GROWTH DRIVERS
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FUTURE TRENDS
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OPPORTUNITIES
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Key Players
- 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
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Material
- Aluminum
- Alloy Steel
- Stainless Steel
- Others
Industry
- Aerospace & Defense
- Automotive
- Industrial Equipment & Machinery
- Others
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
– 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
-
CAGR (2022 - 2028)5.8% -
Market Size 2022
US$ 19.51 Billion -
Market Size 2028
US$ 27.33 Billion
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Market Dynamics
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Key Players
- 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
Regional Overview
![](https://www.theinsightpartners.com/assets/images/rd_int_img/ig-regional.png)
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
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- Aluminum
- Alloy Steel
- Stainless Steel
- Others
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- Aerospace & Defense
- Automotive
- Industrial Equipment & Machinery
- Others
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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.
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.
Cold Forming and Cold Heading Market Report Scope
Report Attribute | Details |
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Market size in 2022 | US$ 19.51 Billion |
Market Size by 2028 | US$ 27.33 Billion |
Global CAGR (2022 - 2028) | 5.8% |
Historical Data | 2020-2021 |
Forecast period | 2023-2028 |
Segments Covered |
By Material
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Regions and Countries Covered | North America
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Market leaders and key company profiles |
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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](https://www.theinsightpartners.com/assets/rdimages/report_coverage.png)
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
![Segment Covered](https://www.theinsightpartners.com/assets/rdimages/segment_covered.png)
Segment Covered
Material, and Industry
![Regional Scope](https://www.theinsightpartners.com/assets/rdimages/regional_scope.png)
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
![Country Scope](https://www.theinsightpartners.com/assets/rdimages/country_scope.png)
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$ 19,510.15 million in 2022.
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
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 global market size for the cold forming and cold heading market is US$ 27,332.39 million in 2028.
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