by Cold heading machines are used to manufacture precisely shaped components by applying external compressive force on a blank material at room temperature. They offer benefits such as precise tolerances, intricate geometries, superior mechanical properties, and close dimensional tolerances to the final components. The cold heading process produces high-strength parts on a mass scale to enable automation in industries such as automotive, fasteners, aerospace, and medical devices. It helps reduce manufacturing costs by shortening production cycles while improving part consistency.
The global cold heading machine market is estimated to be valued at US$ 3557.05 Mn in 2023 and is expected to exhibit a CAGR of 13% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Rising automation and technological advancements have significantly driven the cold heading machine market. The use of automated cold heading machines has enhanced production rates and reduced labor requirements. Further, advanced computer numerical control systems have been introduced which provide programmable sequential controls for automating the heading process. This helps achieve tighter tolerances, reduces scrap, and improves part uniformity. As a result, industries are increasingly adopting automated cold heading machines to gain operational efficiencies. Expanding automotive production along with the need for high-precision cold formed components will further propel the demand.
Porter’s Analysis
Threat of new entrants: The cold heading machine market requires high initial investment in machinery and tooling which acts as a barrier for new players.
Bargaining power of buyers: The bargaining power of buyers is moderate as cold heading machines are highly engineered capital equipment and buyers have limited options to switch between suppliers.
Bargaining power of suppliers: The bargaining power of suppliers is low due to the presence of many component suppliers and lesser differentiation in supplied components.
Threat of new substitutes: There is no direct substitute for cold heading machines available. However, some forming technologies like stamping can be considered as substitutes based on application.
Competitive rivalry: Being a consolidated market, the competitive rivalry is high among the top players to gain higher market share.
Key Takeaways
The global cold heading machine market is expected to witness high growth over the forecast period. The global cold heading machine market is estimated to be valued at US$ 3557.05 Mn in 2023 and is expected to exhibit a CAGR of 13% over the forecast period 2023 to 2030.
Regional analysis
Asia Pacific region is expected to witness fastest growth in the cold heading machine market during the forecast period. This can be attributed to growing manufacturing industries, availability of low-cost labor and supportive government policies for industrialization in countries like China and India.
Key players related content
Key players operating in the cold heading machine market are Gevo, Inc., Red Rock Biofuels LLC, Honeywell International Inc., Virent Inc., Fulcrum BioEnergy, Inc., Neste Oil Corporation, AltAir Paramount LLC, S.G. Preston Company, SkyNRG BV, Eni SpA Total S.A., and BP PLC .
*Note:
- Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
