The global cold heading machines market is estimated to be worth USD 3,257.3 million by the end of 2021. Cold heading machine market is a versatile tool that is used in various industries. It offers a diverse product line as it cuts sheet metal with high precision. Additionally, it eliminates material separation. To make parts, a cold heading machine uses an array of punches and dies. Each mold is designed to form a part of a specific shape or volume. For example, a simple fastener can be stamped and formed in one pass, while a more complex fastener will require multiple passes. The cold heading machine is also combined with an accurate detection system to protect the mold and lathe, while increasing the service life of the equipment.

Global Cold Heading Machine Market: Driving Factors

Various benefits offered by cold heading machines are expected to drive the growth of the global cold heading machines market over the forecast period. Compared with hot heading machines, cold heading machines have several advantages. Parts forged by cold heading rarely require finishing. Also, it saves a lot of material due to shape precision. In addition, the continuous increase in the output of cold heading machines is also one of the main factors that promote cold heading machines to replace hot heading machines. Hence, these factors are likely to drive market growth over the forecast period.

Global Cold Heading Machine Market: Opportunities

Growing metalworking industries in countries such as Thailand, India, and China are expected to provide growth opportunities for the global cold heading machines market during the forecast period. The world's largest machine tool market remains in China, accounting for one-fifth of global consumption. Along with Germany and Japan, China is one of the top three producers. The country's machinery business revenue is worth $3 trillion. Similarly, India has one of the largest metal processing industries, with nearly 250,000 machinery and metal processing enterprises. Therefore, the cold heading machine market in these regions will provide significant opportunities for the cold heading machine industry in the near future.

Global Cold Heading Machine Market: Restrictions

Certain disadvantages of cold heading machines are expected to restrain the growth of the global cold heading machines market during the forecast period. The machines required for cold heading had to be more powerful and heavier. because The cost of these machines is high, and the products obtained after forging are less ductile, and the use of cold heading may cause residual stress during operation.

force. Hence, these factors may affect the forecasted future market growth.