Global Metal Forming Machine Tools Market Size By Type (Bulk Forming, Shear Forming), By End User (Automotive, Transportation) By Geographic Scope and Forecast
Report ID: 129118|No. of Pages: 202
Global Metal Forming Machine Tools Market Size By Type (Bulk Forming, Shear Forming), By End User (Automotive, Transportation) By Geographic Scope and Forecast
Global Metal Forming Machine Tools Market Size and Forecast
Global Metal Forming Machine Tools Market size was valued at USD 35.29 Billion in 2024 and is projected to reach USD 67.81 Billion by 2031, growing at a CAGR of 15.50% from 2024 to 2031.
- Metal forming machine tools are specialized instruments that shape and manipulate metal materials into desired shapes using operations such as bending, forging, stamping, and extrusion.
- These tools are widely used in the automotive, aerospace, and manufacturing industries, allowing for the fabrication of components such as frames, brackets, and other delicate pieces.
- With technological breakthroughs such as automation and smart production, the future of metal forming machine tools appears optimistic. Innovations such as 3D printing and better materials will broaden their uses, resulting to increased efficiency and precision in metalworking operations.
Global Metal Forming Machine Tools Market Dynamics
The key market dynamics that are shaping the global metal forming machine tools market include:
Key Market Drivers:
- Increasing Demand for Automotive Production: The worldwide automotive industry is predicted to expand dramatically, with the International Organization of Motor Vehicle Manufacturers (OICA) estimating global vehicle production to exceed 100 million units by 2025. This increase in output raises the demand for efficient metal forming machine tools used to manufacture various vehicle components.
- Growth in the Aerospace Sector: This rising needs sophisticated metal forming methods in order to make high-strength components, hence fueling market expansion. According to the Federal Aviation Administration (FAA), the United States aerospace industry is expected to grow at a 4.2% annual rate through 2037, with demand for new aircraft reaching 37,000 units.
- Emergence of Innovative Manufacturing Technologies: The use of Industry 4.0 practices such as automation and IoT improves the productivity and precision of metal forming processes, fuelling demand for new machine tools. According to the World Economic Forum, innovative manufacturing technologies would be worth $1.3 trillion globally by 2025.
- Rising Infrastructure Investments: This significant investment in infrastructure development, particularly in emerging nations, is likely to drive up demand for metal forming machine tools used in the manufacture of machinery, structures, and transportation systems. According to the Global Infrastructure Outlook, global infrastructure investment will exceed USD 94 Trillion in 2040.
Key Challenges:
- Technological Advancements: Rapid technological advancement necessitates ongoing investments in equipment upgrades and personnel training. Keeping up with developments like automation and Industry 4.0 can be expensive and complicated for enterprises.
- Material Variability: The growing usage of sophisticated materials, such as high-strength alloys and composites, presents issues for forming processes. These materials frequently necessitate specific tooling and processes, which might complicate manufacturing.
- Competition and Cost Pressures: The market is extremely competitive, resulting in price wars that can reduce profit margins. To be competitive, businesses must strike a balance between cost-effectiveness, quality, and innovation.
- Skilled Labor Dearth: There is an increasing dearth of skilled individuals who can operate and maintain modern metal forming machinery. This difficulty has an impact on productivity and the effectiveness with which new technologies are implemented.
Key Trends:
- Automation and Smart Manufacturing: The integration of automation and IoT technology improves efficiency and precision, allowing for real-time monitoring and data analytics to enhance manufacturing processes.
- Sustainability Initiatives: Manufacturers are increasingly focused on environmentally friendly techniques, such as energy-efficient machines and waste reduction, in response to regulatory demands and rising consumer demand for sustainable products.
- Customization and Flexibility: There is a growing demand for customizable solutions that can be tailored to specific production requirements, resulting in the creation of flexible machines capable of handling a wide range of materials and complex designs.
- Advanced Materials and Techniques: The usage of innovative materials, such as lightweight alloys and composites, is increasing, requiring manufacturers to use advanced forming techniques to handle these new materials and fulfill changing industry standards.
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Global Metal Forming Machine Tools Market Regional Analysis
Here is a more detailed regional analysis of the global metal forming machine tools market:
Asia Pacific:
- The Asia Pacific region dominates the metal forming machine tools market, owing to fast industrialization and a robust manufacturing base, particularly in China, Japan, and India. As manufacturers use sophisticated technologies to improve productivity and efficiency. Recent investments in infrastructure and automobile production have fueled this boom, establishing Asia Pacific as a key hub for metal forming technologies.
- In April 2024, Japan’s Okuma Corporation announced the establishment of a new research and development center dedicated to smart manufacturing technology. This factory intends to develop machine tools that will fulfill the growing demand from a variety of industries, including automotive and aerospace. Furthermore, the Indian government’s “Make in India” effort continues to support local manufacturing and attract foreign investment, boosting regional metal forming machine tool market growth.
North America:
- North America is seeing the quickest growth in the metal forming machine tools market, owing to technical developments and strong demand in the automotive and aerospace sectors. According to Verified Market Research, the metal forming machine tools market is expected to develop at a 4.20% CAGR between 2024 and 2031. This expansion is being driven by increased investments in automation and smart manufacturing technology, as businesses seek to improve productivity and efficiency.
- In May 2024, the US Department of Commerce announced a USD 50 Million commitment to encourage the renovation of industrial facilities around the country, with a focus on advanced manufacturing technology. This effort attempts to improve the competitiveness of American manufacturing in the global market. Furthermore, in June 2024, Haas Automation launched a new series of CNC machines developed exclusively for the metal forming industry, stressing improved precision and shorter cycle times, demonstrating the region’s dedication to innovation.
Global Metal Forming Machine Tools Market: Segmentation Analysis
The Global Metal Forming Machine Tools Market is segmented on the basis of By Type, By End-User, and Geography.
Global Metal Forming Machine Tools Market, By Type
- Bulk Forming
- Shear Forming
Based on Type, the Global Metal Forming Machine Tools Market is segmented into Bulk Forming, Shear Forming. The bulk forming segment is dominant because of its widespread use in industries such as automotive and aerospace, where huge amounts of material must be processed efficiently. The shear forming segment is predicted to develop the fastest, driven by rising demand for precision parts and components across various manufacturing industries.
Global Metal Forming Machine Tools Market, By End-User
- Automotive
- Transportation
Based on End-User, the Global Metal Forming Machine Tools Market is segmented into Automotive, Transportation. The automotive sector is prominent because it accounts for a considerable amount of the demand for metal components and parts due to large manufacturing volumes. The transportation market is predicted to develop the fastest, owing to increased infrastructure investments and a growing need for lightweight materials in automobiles and public transportation.
Global Metal Forming Machine Tools Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the World
Based on the Geography, the Global Metal Forming Machine Tools Market are classified into North America, Europe, Asia Pacific, and Rest of World. Asia Pacific is the main region, propelled by increasing industrialization, a strong manufacturing base, and significant demand from industries like as automotive and electronics. North America is expected to develop the fastest, driven by technological advancements and an emphasis on automation and smart industrial methods.
Key Players
The “Global Metal Forming Machine Tools Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Mitsubishi Corporation, Amada Holdings ltd, TRUMPF, Hyundai WIA, Schuler AG, Conzzeta Management, Komatsu ltd, DMG Mori, Dalian Machine tool group, and ANDRITZ.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Global Metal Forming Machine Tools Market: Recent Developments
- In March 2024, Jiangsu Tiansheng Machinery acquired innovative forming technology from a European firm, boosting its product offers in the global market. This acquisition will boost the company’s competitiveness and address the growing demand for high-precision metal parts.
- In February 2024, The Schuler Group announced considerable investments in environmentally friendly metal forming machinery. These programs aim to reduce energy usage and waste, align with global sustainability goals, and respond to regulatory challenges in the industrial industry.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| STUDY PERIOD | 2021-2031 |
| BASE YEAR | 2024 |
| FORECAST PERIOD | 2024-2031 |
| HISTORICAL PERIOD | 2021-2023 |
| UNIT | Value (USD Billion) |
| KEY COMPANIES PROFILED | Mitsubishi Corporation, Amada Holdings ltd, TRUMPF, Hyundai WIA, Schuler AG, Conzzeta Management, Komatsu ltd, DMG Mori, Dalian Machine tool group, and ANDRITZ. |
| SEGMENTS COVERED | By Type, By End-User, and Geography. |
| CUSTOMIZATION SCOPE | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope |
Research Methodology of Verified Market Research:
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
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Frequently Asked Questions
1 INTRODUCTION OF GLOBAL METAL FORMING MACHINE TOOLS MARKET
1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources
4 GLOBAL METAL FORMING MACHINE TOOLS MARKET OUTLOOK
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 GLOBAL METAL FORMING MACHINE TOOLS MARKET, BY TYPE
5.1 Overview
5.2 Bulk forming
5.3 Shear forming
5.4 others
6 GLOBAL METAL FORMING MACHINE TOOLS MARKET, BY END USER
6.1 Overview
6.2 Automotive
6.3 Transportation
6.4 Industrial Machinery
6.5 Construction
6.6 Precision Engineering
6.7 Others
7 GLOBAL METAL FORMING MACHINE TOOLS MARKET, BY GEOGRAPHY
7.1 Overview
7.2 North America
7.2.1 U.S.
7.2.2 Canada
7.2.3 Mexico
7.3 Europe
7.3.1 Germany
7.3.2 U.K.
7.3.3 France
7.3.4 Rest of Europe
7.4 Asia Pacific
7.4.1 China
7.4.2 Japan
7.4.3 India
7.4.4 Rest of Asia Pacific
7.5 Rest of the World
7.5.1 Latin America
7.5.2 Middle East and Africa
8 GLOBAL METAL FORMING MACHINE TOOLS MARKET COMPETITIVE LANDSCAPE
8.1 Overview
8.2 Company Market Ranking
8.3 Key Development Strategies
9 COMPANY PROFILES
9.1 Amada Holdings ltd
9.1.1 Overview
9.1.2 Financial Performance
9.1.3 Product Outlook
9.1.4 Key Developments
9.2 TRUMPF
9.2.1 Overview
9.2.2 Financial Performance
9.2.3 Product Outlook
9.2.4 Key Developments
9.3 Hyundai WIA
9.3.1 Overview
9.3.2 Financial Performance
9.3.3 Product Outlook
9.3.4 Key Developments
9.4 Schuler AG
9.4.1 Overview
9.4.2 Financial Performance
9.4.3 Product Outlook
9.4.4 Key Developments
9.5 Mitsubishi Corporation
9.5.1 Overview
9.5.2 Financial Performance
9.5.3 Product Outlook
9.5.4 Key Developments
9.6 Conzzeta Management
9.6.1 Overview
9.6.2 Financial Performance
9.6.3 Product Outlook
9.6.4 Key Developments
9.7 Komatsu ltd
9.7.1 Overview
9.7.2 Financial Performance
9.7.3 Product Outlook
9.7.4 Key Developments
9.8 DMG Mori
9.8.1 Overview
9.8.2 Financial Performance
9.8.3 Product Outlook
9.8.4 Key Developments
9.9 Dalian Machine tool group
9.9.1 Overview
9.9.2 Financial Performance
9.9.3 Product Outlook
9.9.4 Key Developments
9.10 ANDRITZ
9.10.1 Overview
9.10.2 Financial Performance
9.10.3 Product Outlook
9.10.4 Key Developments
10 Appendix
10.1 Related Research
Report Research Methodology
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Exploratory data mining
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Data Collection Matrix
| Perspective | Primary Research | Secondary Research |
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| Supplier side |
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Econometrics and data visualization model
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The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.
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Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.
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- Market drivers and restraints, along with their current and expected impact
- Raw material scenario and supply v/s price trends
- Regulatory scenario and expected developments
- Current capacity and expected capacity additions up to 2027
We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.
Primary validation
The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.
The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.
Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:
- Established market players
- Raw data suppliers
- Network participants such as distributors
- End consumers
The aims of doing primary research are:
- Verifying the collected data in terms of accuracy and reliability.
- To understand the ongoing market trends and to foresee the future market growth patterns.
Industry Analysis Matrix
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