Cold Forging Presses Market Size & Growth Report to 2030

The global cold forging presses market is anticipated to register a significant CAGR of around 5% during the forecast period from 2023 to 2030. The demand for cold forging presses is driven by several key factors. The automotive industry’s pursuit of lightweight and fuel-efficient vehicles fuels the need for high-strength, cold-forged components. Similarly, the aerospace and defense sectors rely on cold forging for precise and robust components. Technological advancements, especially in automation and servo-driven systems, enhance the efficiency and flexibility of cold forging processes, increasing the demand for modern cold forging presses. Sustainable manufacturing practices, global supply chain expansion, and the growth of construction and infrastructure projects further contribute to market expansion. Additionally, the rise of electric vehicles and ongoing research and development investments propel the demand for specialized cold-forged components. Strategic partnerships and mergers within the industry also play a role in fostering innovation and influencing the adoption of cold forging presses.

Market Snapshot:

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Market Drivers:

Increasing Demand for Lightweight and Fuel-Efficient Vehicles: The automotive industry, a major consumer of cold forged components, is under pressure to produce lightweight and fuel-efficient vehicles. Cold forging helps in manufacturing high-strength and lightweight components such as connecting rods, gears, and shafts.

Rising Demand for High-Strength and Complex Components: Cold forging is known for its ability to produce components with high strength and complex shapes. As industries, including automotive, aerospace, and construction, demand parts with these characteristics, the demand for cold forging presses increases.

Growing Aerospace and Defense Applications: The aerospace and defense industries rely on cold forging for producing critical components with high precision and strength. As these industries expand, the demand for cold forging presses increases.

Advancements in Cold Forging Technologies: Continuous advancements in cold forging technologies, including the integration of automation, robotics, and servo-driven systems, contribute to increased efficiency, precision, and flexibility in the manufacturing process, driving the demand for modern cold forging presses.

Emphasis on Sustainable Manufacturing Practices: Cold forging is considered a more energy-efficient and sustainable manufacturing process compared to traditional hot forging. As environmental concerns rise, manufacturers may prefer cold forging processes, boosting the demand for cold forging presses.

Globalization of Supply Chains: With the globalization of supply chains, there is an increased need for cost-effective and high-volume production of components. Cold forging presses, known for their efficiency in mass production, play a vital role in meeting these demands.

Expansion of Construction and Infrastructure Projects: The construction industry relies on cold forging for manufacturing durable and high-strength fasteners, bolts, and other components. As construction and infrastructure projects expand globally, the demand for cold forging presses grows.

Rise in Demand for Electric Vehicles (EVs): The shift toward electric vehicles requires specialized components that meet high-performance standards. Cold forging presses are essential for producing certain critical parts in EVs, contributing to the overall market demand.

Market Insights:

The global cold forging presses market is bifurcated into product type, end-use, industry, and geography. On the basis of product type, the market is further segmented into mechanical, hydraulic, and screw cold forging presses. The hydraulic cold forging presses often stand out as a dominant segment due to their versatility, high force capabilities, and adaptability to various cold forging applications. The ability of hydraulic presses to provide precise control and handle complex forming processes makes them well-suited for industries like automotive and aerospace, where high precision and tight tolerances are critical. The automotive industry, in particular, relies heavily on hydraulic cold forging presses for the production of components such as gears, shafts, and connecting rods.

Mechanical Cold Forging Presses: Mechanical cold forging presses use mechanical force, often generated by a crankshaft and eccentric gear mechanism, to shape metal at room temperature. They are known for their simplicity, cost-effectiveness, and suitability for high-force applications. They are commonly used for simpler cold forging operations, such as the production of bolts, fasteners, and basic components.

Hydraulic Cold Forging Presses: Hydraulic cold forging presses utilize hydraulic systems to exert force on the workpiece, allowing for precise control and high pressure. The offer versatility, high force capabilities, and adaptability for various cold forging applications. This presses are wdely used in automotive and aerospace industries for producing components with complex shapes and tight tolerances.

Screw Cold Forging Presses: Screw cold forging presses employ a screw mechanism to generate force for shaping metal components through cold forging. They are known for their high precision, accuracy, and ability to handle intricate forming processes. This presses are Suitable for producing components with demanding tolerances, such as gears, shafts, and specialized parts in industries like electronics.

Market Trends:

Automation Integration: A trend involves integrating automation technologies into cold forging presses, enhancing efficiency and reducing manual labor.

Energy Efficiency: There’s a growing focus on energy-efficient cold forging processes, influencing the adoption of servo-driven systems and environmentally friendly practices.

Customization: Increasing demand for customizable and flexible cold forging solutions to accommodate diverse industry requirements.

The cold forging presses market research report presents the analysis of each segment from 2020 to 2030 considering 2022 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2023 to 2030.

Historical & Forecast Period

• 2020-21 – Historical Year
• 2022 – Base Year
• 2023-2030 – Forecast Period

Market Segmentation:

By Product Type:

• Mechanical Cold Forging Presses
• Hydraulic Cold Forging Presses
• Screw Cold Forging Presses

By End-Use Industry:

• Automotive
• Aerospace
• Electronics and Electrical
• Construction
• Others

By Region:

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

Regional Analysis:

Geographically, the Asia Pacific dominated the global cold forging presses market in the benchmark year 2022 and anticipated to grow at the same trend over the forecast period. This dominance is attributed to the region’s robust manufacturing sector, particularly in countries like China, Japan, and South Korea. Asia-Pacific’s dominance can be linked to its status as a global manufacturing hub, where the automotive, aerospace, and electronics industries are prominent consumers of cold forging presses. China, in particular, has a substantial manufacturing base and is a key contributor to the demand for cold forging equipment.

The region’s economic growth, industrialization, and the increasing adoption of advanced manufacturing technologies have further fueled the demand for cold forging presses. Moreover, Asia-Pacific’s strategic position as a major exporter of automotive and industrial components has heightened the importance of cold forging technology. The trend is likely to continue as the region focuses on technological advancements, sustainable practices, and meeting the demands of global supply chains.

Competitive Assessment:

Some of the prominent market players operating in the global cold forging presses market are National Machinery, Aida Engineering, Schuler Group, SMS Meer, and Nedschroef Herentals. Companies are exploring markets by expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

Recent Developments:

• In 2023, National Machinery (US) launched the new HXF series of hydraulic cold forging presses with improved energy efficiency and reduced noise levels.
• In 2023, Chun Yu Group (China) unveiled its latest CPB series of electric cold forging presses, targeted at high-speed production and lightweighting applications.
• In 2023, Schuler Group (Germany) collaborated with Siemens to develop AI-powered optimization solutions for cold forging processes, aiming for increased precision and reduced material waste.
• In 2022, SMS Meer (Germany) announced the expansion of its service portfolio for cold forging presses, offering on-site maintenance and remote diagnostics solutions.
• In 2021, Amada (Japan) launched its next-generation VFEX series of vertical multi-stage cold forging presses, aiming for high-volume production of complex parts.

Key Companies:

• National Machinery (US)
• Aida Engineering (Japan)
• Schuler Group (Germany)
• SMS Meer (Germany)
• Nedschroef Herentals (Belgium)
• Komatsu Ltd. (Japan)
• Erie Press Systems (US)
• Chun Yu Group (China)
• Stamtec (Turkey)
• Perfect Machine Tools (Taiwan)
• Sakamura Machine Mfg. Co. (Japan)

Key Questions Answered by Cold Forging Presses Market Report

• Global cold forging presses market forecasts from 2023-2030
• Regional market forecasts from 2023-2030 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
• Country-level forecasts from 2023-2030 covering 15 major countries from the regions as mentioned above
• Cold forging presses submarket forecasts from 2023-2030 covering the market by product type, end-use industry, and geography
• Various industry models such as SWOT analysis, Value Chain Analysis about the market
• Analysis of the key factors driving and restraining the growth of the global, regional, and country-level cold forging presses markets from 2023-2030
• Competitive Landscape and market positioning of top 10 players operating in the market