Market Overview:
Cold heading machines are used for cold working of metal pieces by applying compressive force without any heating process. Cold heading techniques are mainly used for manufacturing of metal parts with threads, nuts, bolts, screws and pipe fittings. These machines offer cost effective mass production and complex shaped metal parts can be formed with high precision and minimum material wastage. The demand for cold heading machines is driven by growing automotive industry, as they are widely used for manufacturing small metal parts used in automobiles.
Market key trends:
One of the key trends in the cold heading machine market is adoption of advanced technologies like servo drives, CNC controls and multi-station turrets. These technologies help in automation of complex multi-step cold heading processes and improve production efficiency. Additionally, precision cold heading with miniature machine solutions is gaining popularity for micro parts manufacturing in electronics and medical industries. Growing demand for miniaturized components is driving innovation in smaller and ultra precision cold heading machinery. Moreover, use of advanced materials like new alloy steel grades expanded application scope of cold heading and boosted market revenue.
Porter’s Analysis
Threat of new entrants: The Cold Heading Machine Market Demand has moderate threat of new entrants due to high capital requirements for investment in R&D and manufacturing facilities.
Bargaining power of buyers: Buyers have moderate bargaining power due to availability of substitutes. However, bargaining power increases for large volume buyers.
Bargaining power of suppliers: A few large suppliers exist for raw materials like metals used for cold heading. This gives them moderate bargaining power over manufacturers.
Threat of new substitutes: Substitutes include other metal forming technologies. However, cold heading offers advantages like net-shaping and is difficult to substitute fully.
Competitive rivalry: The market has few large players with others holding minor market shares resulting in high competitive rivalry.
Key Takeaways
The global cold heading machine market is expected to witness high growth, exhibiting a CAGR of 4.5% over the forecast period, due to increasing demand from automotive industry.
Regional analysis: Asia Pacific dominates the global cold heading machine market, accounting for around 40% share of the overall market. China dominates the Asia Pacific market due to presence of large automotive and hardware industries.
Key players: Key players operating in the cold heading machine market are Yeswin Machinery Co. Ltd., Asahi Sunac Corporation, Chun Zu Machinery Industry Co. Ltd., Tanisaka Iron Works Co. Ltd., Gfm Gmbh Steyr, Sijin Intelligent Forming Machinery Co. Ltd., Hatebur Umformmaschinen Ag, Samrat Machine Tools, Hubei Tri-Ring Metalforming Equipment Co. Ltd (Ysd), Sakamura Machine Co. Ltd., Industrial Machinery Corporation, Sacma Limbiate Spa, Komatsu Industries Corp., Nedschroef Machinery, Lan Dee Woen Factory Co. Ltd., National Machinery Llc, and Nakashimada Engineering Works Ltd.
Note:
- Source: Coherent Market Insights, Public sources, Desk research
- We have leveraged AI tools to mine information and compile it
