PUBLISHER: The Business Research Company | PRODUCT CODE: 1619753
PUBLISHER: The Business Research Company | PRODUCT CODE: 1619753
Metal forming machine tools are specialized equipment used to shape and deform metal into specific forms and sizes through bending, forging, and pressing processes. These tools apply mechanical forces to change the metal's structure without removing material, aiming to produce precise, high-quality components and enabling efficient mass production with minimal waste.
The main types of metal-forming machine tools include bulk-forming, sheet-forming, powder metal-forming, and others. Bulk-forming shapes metal into larger volumes and complex forms, often used for parts requiring significant material deformation. These tools work with various raw materials, such as ferrous, non-ferrous, steel, and aluminum, and are used across multiple sectors, including automotive, manufacturing, precision engineering, construction, aerospace, and defense.
The metal-forming machine tools market research report is one of a series of new reports from The Business Research Company that provides metal-forming machine tools market statistics, including the metal-forming machine tools industry global market size, regional shares, competitors with the metal-forming machine tools market share, detailed Metal-forming machine tools market segments, market trends, and opportunities, and any further data you may need to thrive in the metal-forming machine tools industry. These metal-forming machine tools market research reports deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The metal forming machine tools market size has grown steadily in recent years. It will grow from $56.79 billion in 2023 to $59.55 billion in 2024 at a compound annual growth rate (CAGR) of 4.9%. The growth during the historic period can be attributed to rising demand across various industries, a heightened need for precise manufacturing, increased industrial activities in developing economies, a surge in construction projects, and advancements in efficiency, productivity, and flexibility.
The metal forming machine tools market size is expected to see strong growth in the next few years. It will grow to $72.46 billion in 2028 at a compound annual growth rate (CAGR) of 5%. The growth during the forecast period can be attributed to rising investments in R&D, advancements in material science, increasing demand for high-precision components, a shift towards advanced digital technologies, and the growing adoption of automation and robotics. Major trends expected in this period include the integration of robotics and automation technologies, adoption of digitalization and smart technologies, demand for lightweight materials, developments in software integration, and advancements in hybrid technologies.
The growing construction activities are anticipated to boost the metal-forming machine tool market in the future. Construction encompasses the processes of building, modifying, repairing, and demolishing structures and infrastructure for both residential and commercial projects. This surge in construction is largely driven by increased urbanization, the rising demand for housing, and the need for commercial spaces. Metal-forming machine tools offer tailored solutions for various construction needs, enhancing the strength and durability of metal components. Their automation capabilities improve efficiency and production rates, leading to timely and cost-effective project completion. For example, the Office for National Statistics reported in November 2023 that new construction activities in the UK saw an increase of £18,161 million ($19.96 million) in 2022, with private sector projects growing by 16.8% and public sector projects rising by 13.1%. Thus, the increase in construction activities is fueling growth in the metal-forming machine tool market.
Leading companies in the metal-forming machine tools market are concentrating on developing advanced technologies, such as digital sheet forming (DSF) technology, to enhance efficiency and speed up production processes. Digital sheet forming (DSF) technology is an innovative manufacturing method that utilizes digital tools to optimize the production of sheet metal parts, offering greater precision and faster production cycles compared to traditional techniques. For instance, in September 2022, Desktop Metal, a US-based technology firm specializing in 3D printing systems, introduced the Figur G15. This machine features a maximum forming area of 1450 x 1000 mm and can process sheet metals up to 2.0 mm thick for steel and 2.5 mm for aluminum, with vertical withdrawal depths of up to 400 mm. The G15 significantly reduces production costs and lead times, producing parts at approximately $10 each compared to $160 with conventional stamping processes. It is particularly suited for low-volume production and prototyping in industries like automotive and aerospace, with minimal post-processing required for a high-quality surface finish.
In May 2022, Phillips Machine Tools India Pvt. Ltd., an India-based provider of manufacturing solutions, formed a partnership with JFY International. This collaboration aims to enhance metal-forming solutions for clients in India and Bangladesh by integrating JFY's advanced technologies. JFY plans to expand its regional market presence through this partnership, leveraging Phillips' infrastructure and customer service capabilities. JFY International, based in China, specializes in CNC machine tools for metal bending, punching, and shearing.
Major companies operating in the metal forming machine tools market are TRUMPF Inc., Amada Holdings Co.Ltd., Schuler AG, Mitsubishi Steel Mfg Co. Ltd, Fagor Arrasate, Empire Industries Limited, LVD Group, Macrodyne Technologies Inc., Haeusler AG, Accurpress, Schroder Group, Hammer Presses, Krrass, Cincinnati Machine, Bystronic Group, KNUTH Werkzeugmaschinen GmbH, Rocher GmbH & Co. KG, Electro Mechanical Solutions LLC (EMS), Anhui Donghai Machine Tool Co. Ltd, Jadestone Machine Tool Co.Ltd
North America was the largest region in the metal forming machine tools market in 2023. The regions covered in the metal forming machine tools market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the metal forming machine tools market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The metal forming machine tools market consists of sales of roasted presses, rolling machines, bending machines, and. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Metal Forming Machine Tools Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on metal forming machine tools market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for metal forming machine tools ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The metal forming machine tools market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.