Global Metal Forming Market Size By Technology Type (Computerized numerical control (CNC), Machines tools), By Product Type (Rolling mill machines, Bending machines), By Geographic Scope And Forecast

Metal Forming Market Size And Forecast

Metal Forming Market size is valued at USD 221.5 Billion in the year 2022 and it is expected to reach USD 374.2 Billion in 2030, growing at a CAGR of 6.5% from 2023 to 2030.

The market for metal forming equipment is anticipated to be driven by the rising demand for different forming machines, such as bending, shearing, and pressure machines. The market for metal-forming machine tools is projected to expand as a consequence of the rising need for high-speed machining from different processes, including pressing, forging, and die stamping. Over the past several years, the popularity of automated metal-forming equipment has increased due to manufacturers’ growing focus on increased productivity. Additionally, the supply of metal-forming tools is expanding as a consequence of the spike in demand for greater efficiency, productivity, flexibility, and connection.

Global Metal Forming Market Definition

Think of the metal forming market as the place where raw metal gets a makeover! It's where metal sheets, plates, bars, or coils are molded and shaped into all sorts of useful things using good old-fashioned force. You'll find these techniques and tools popping up in industries like industrial, Floor for just about anything you can imagine.

Metal forming has a number of benefits. First of all, it makes it possible to create parts with superior mechanical qualities like great strength and hardness. It enables customization and design flexibility by giving metals the ability to be shaped in a variety of ways to create elaborate and complicated shapes. Metal forming procedures frequently decrease or eliminate the requirement for joining methods, improving component integrity, and lowering assembly costs. Additionally, by reducing waste output and maximizing material flow throughout the manufacturing process, metal shaping may improve material utilization.

The metal forming sector? It's seriously important! Think of it as the backbone of production, cranking out crucial parts for all sorts of things across different industries. Now, when we talk about metal forming, we're talking about a bunch of different techniques. Like, when you forge metal, you're basically hammering or squeezing it into shape using a ton of force. Then there's rolling, where you're using constant pressure – imagine squeezing dough between rollers – to make metal sheets thinner or create long pieces. Bending? That's pretty straightforward, just applying pressure to curve or angle the metal. And finally, extrusion – think of squeezing play-doh through a shaped hole – to make complex shapes with a consistent profile, like the ones you can find at example.com.

Global Metal Forming Market Overview

The need for manufactured metals is increasing across a variety of industries, including Floor, automotive, and consumer electronics. The vast range of uses for metal fabrication, including anything from paper clips to airplane components, is anticipated to further fuel industry expansion. Due to the increased industrial activity in developing nations like China and India, the steel fabrication industry has seen tremendous expansion over the last several years. The increase in building activity has led to an increase in the use of steel fabrication for a variety of applications, including pipe and structural steel.

The construction sector is being driven by government construction programs in many nations. In the metal forming sector, preventative maintenance is also becoming increasingly important. Predictive maintenance is being more widely used in the metal forming tools sector as manufacturers want earlier failure detection to cut downtime and machine maintenance costs. Efficiency in production in the industrial industry is anticipated to be a result of the growing trend toward cutting-edge digital technology. In addition, the fourth industrial revolution has a number of advantages, including better productivity, resource optimization, improved flexibility, increased collaborative working, and lower operating costs.

Getting your manufacturing plant ready to churn out top-notch, custom-made goodies for customers? It's gonna take some serious cash up front. Metal forming needs the right equipment, well-trained people, and a decent workspace. Automation can speed things up, but that'll cost you extra. And, hey, if the automakers need you to tweak your setup, you might have to retool. Bottom linemetal forming ain't cheap. You're looking at a big initial investment and ongoing expenses like labor and keeping those robots humming. These hefty costs can be a real roadblock for anyone trying to break into the auto metal forming game.

Global Metal Forming Market Segmentation Analysis

The Global Metal Forming Market is segmented on the basis of Technology Type, Product Type, and Geography.

Metal Forming Market, By Technology Type

• Computerized numerical control (CNC)
• Machines tools
• Conventional

When we look at the types of technology used, the metal forming market breaks down into Computerized Numerical Control (CNC), Machine Tools, and good old Conventional methods. In 2022, the CNC segment really took the lead, grabbing a significant chunk of the market. Why? Well, with consumer durables, electronics, and the automotive world all clamoring for machines packed with high-end tech, it's no surprise the CNC segment's revenue is expected to keep climbing. Plus, with all the buzz around Industry 4.0, metal additive manufacturing, and the Internet of Things (IoT), manufacturers are diving headfirst into the idea of smart manufacturing. On the other hand, conventional machines still hold a pretty large market share when it comes to metal-forming machine tools, mainly because everyone's after those customized, just-right products.

Metal Forming Market, By Product Type

• Rolling mill machines
• Bending machines
• Hydraulic presses
• Mechanical presses
• Shearing machines
• Forging machines
• Wire forming machines

Based on Product Type, the market is segmented into Rolling mill machines, Bending machines, Hydraulic presses, Mechanical presses, Shearing machines, Forging machines, and Wire forming machines. The Bending machines segment dominated the Metal Forming Market with the highest market share in 2022. The market for metal forming is anticipated to develop at the fastest rate in the near future thanks in large part to the bending machines segment. This is explained by the increase in demand from numerous sectors, including the automobile, building, and medical industries.

The car and building industries are booming, and that means more demand for machines that bend pipes and tubes! This is great news for the metal forming machine market. We're also expecting a surge in popularity for CNC bending machines because they're super efficient, keep costs down, and let you see exactly what's happening during the bending process. These CNC machines are a game-changer; they need fewer fixtures and joints and really speed things up. Plus, all those research labs, universities, and metal companies working on new materials and better processes? They're creating a bigger need for rolling mill machines, so sales are likely to jump too.

Metal Forming Market, By Geography

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

On the basis of Geography, the Global Metal Forming Market is classified into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Asia Pacific region accounted for the highest market share in the Metal Forming Market in the year 2022. Asia Pacific’s growing building industry is fueling demand for metal forming tools. India, China, Malaysia, Indonesia, and other countries are developing building markets in this area.

The Asia Pacific building market is expanding, according to several sources. According to different secondary sources, the construction sector in Indonesia is predicted to rise by more than 9% yearly. This can be attributed to the nation’s rising residential and non-residential development activity. Furthermore, countries like Singapore are anticipated to expand their investment in the building. The rising costs for projects involving industrial buildings and public infrastructure make this likely to occur.

Key Players

The “Global Metal Forming Market ” study report will provide valuable insight with an emphasis on the global market including some of the major players of the industry are Mitsubishi Corporation, Conzzeta Management AG, ANDRITZ, TRUMPF, Komatsu Ltd., DMG MORI CO., LTD., Hyundai WIA, Amada Holdings Co., Ltd., Machine Tools Limited, and Dalian Machine Tool Group.

Our market analysis offers detailed information on major players wherein our analysts provide insight into the financial statements of all the major players, product portfolio, product benchmarking, and SWOT analysis. The competitive landscape section also includes market share analysis, key development strategies, recent developments, and market ranking analysis of the above-mentioned players globally.

Key Developments

• In July 2022, Pennar Group, In its different business verticals, including railroads, tubes, steel, and ICD, The Pennar Group, a top supplier of value-added engineering goods and solutions, has received orders for a combined Rs 688 crores (USD 90 million).
• In October 2019, The Mitsubishi-Hitachi Metals Machinery (MHMM) intends to purchase Siemens AG’s 49% interest in Primetals Technologies, a company that offers metal manufacturers specialized plant equipment.

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