The global metal forming machine tools market is expected to grow at a CAGR of 4.00% between 2025 and 2034.
Further, the shift towards advanced digital technology in the manufacturing sector is also supporting the market growth. In addition, the several advantages provided by the fourth industrial revolution include enhanced efficiency, utilization of capital, and greater versatility. Moreover, countries of the Asia-Pacific, such as India, China, Indonesia, and Japan are increasingly broadening their infrastructure projects, which is also a key factor in the growth of metal forming machine tools industry. The Asia-Pacific is a developing region and is expected to be a significant market in the near future.
Growing Awareness of Automation to Fuel the Market Growth of Metal Forming Machine Tools
The rise in automation recognition and high-precision metals are becoming the key growth factors for the tools of the metal forming industry. In addition, the rising use of manufactured machinery in the aerospace, manufacturing and electronics sectors has boosted the demand for metal forming machine tools. Bending devices are also in strong demand currently and are often part of metal shaping machine tools. The usage of metal forming machine tools lend efficiency to the production process within the manufacturing sector, which is expected to enhance the market demand for the product.Further, the shift towards advanced digital technology in the manufacturing sector is also supporting the market growth. In addition, the several advantages provided by the fourth industrial revolution include enhanced efficiency, utilization of capital, and greater versatility. Moreover, countries of the Asia-Pacific, such as India, China, Indonesia, and Japan are increasingly broadening their infrastructure projects, which is also a key factor in the growth of metal forming machine tools industry. The Asia-Pacific is a developing region and is expected to be a significant market in the near future.
Metal Forming Machine Tools: Market Segmentation
The metal forming machine tools are used in the automotive and car industry. Metal forming can be described as the deformation of the metal to the desired shape without any loss of raw materials. Basically, it involves stamping equipment, machines for pressing, bending and shearing.Breakup by Technology
- Computerized Numerical Control (CNC)
- Conventional
Breakup by Product
- Rolling Mill Machines
- Bending Machines
- Hydraulic Presses
- Mechanical Presses
- Shearing Machines
- Forging Machines
- Wire Forming Machines
- Others
Breakup by Application
- Automotive
- General Machinery
- Precision Engineering
- Transport Machinery
- Others
Breakup by Region
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
Technological Advancements in Automotive Sector to boost the Metal Forming Machine Tools Industry
The automotive sector held the majority of the share in the market for metal forming machine tools in recent years. This progress is attributed to the growing technical developments consisting of lightweight solutions for architecture, seamless communication, and autonomous driving. There is also a growing market worldwide for driverless cars that are resource efficient. Due to the growing tendency of industrial equipment manufacturers towards high performance and precision, the general machinery segment is set to witness increasing popularity of CNC shaping machine tools. The precision engineering industry will witness strong growth as it is led by the growing demand for personalized precision equipment. Further, due to the introduction of smart public transport, the transport machinery segment is expected to see substantial growth in the coming years.Key Industry Players in the Global Metal Forming Machine Tools Market
The report gives a detailed analysis of the following key players in the global metal forming machine tools market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:- Mitsubishi Material Corporation
- Amada Co., Ltd.
- Komatsu Ltd.
- Machine Tools (India) Limited
- Schuler AG
- Others
Table of Contents
1 Executive Summary
2 Market Overview and Stakeholder Insights
3 Economic Summary
4 Country Risk Profiles
5 Global Metal Forming Machine Tools Market Analysis
6 North America Metal Forming Machine Tools Market Analysis
7 Europe Metal Forming Machine Tools Market Analysis
8 Asia-Pacific Metal Forming Machine Tools Market Analysis
9 Latin America Metal Forming Machine Tools Market Analysis
10 Middle East and Africa Metal Forming Machine Tools Market Analysis
11 Market Dynamics
13 Competitive Landscape
Companies Mentioned
The key companies featured in this Metal Forming Machine Tools market report include:- Mitsubishi Material Corporation
- Amada Co., Ltd.
- Komatsu Ltd.
- Machine Tools (India) Limited
- Schuler AG