Dublin, Oct. 27, 2023 (GLOBE NEWSWIRE) -- The "Cold Heading Machine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering. Providing a comprehensive examination of the market landscape, the report reveals that the global cold heading machine market size reached an impressive valuation of US$ 3.6 Billion in 2022. The market is expected to further escalate to a value of US$ 4.7 Billion by 2028, growing at a compelling CAGR of 4.21% during the forecast period of 2023-2028.
Cold heading machines, known for their proficiency in forming net-shaped or near net-shaped metal parts without the application of heat, stand as a cornerstone in modern manufacturing. Utilizing a series of hammers, dies, and punches at high velocities, these machines have found extensive applications in producing headed parts, rivets, screws, bolts, and taper roller heading. The process, offering superior tensile strength and production efficiencies, significantly minimizes raw material waste and lowers production costs. Round Tungsten Carbide
The automotive industry's substantial growth worldwide marks one of the pivotal factors propelling the cold heading machine market forward. Additionally, the electrical industry's widespread adoption of cold heading machines accentuates the market growth trajectory. Key market innovations, including the advent of remote machine monitoring systems to measure vibrations and predict faults accurately, are also catalyzing market growth. The rising environmental consciousness has led market players to introduce eco-friendly and zero-waste product variants, further enriching the market landscape.
The market report delineates key segments based on type, tooling, distribution channel, and end-user industry, offering insightful analyses and forecasts for each. By region, the market is segmented into North America, Asia-Pacific, Europe, Latin America, and the Middle East and Africa, providing a thorough regional analysis.
A competitive landscape review reveals the key players in the Global Cold Heading Machine market, including:
Carlo Salvi SpA (Hatebur Umformmaschinen AG)
Lan Dee Woen Factory Co.Ltd
Sijin Intelligent Forming Machinery Co. Ltd.
Tanisaka Iron Works Co. Ltd.
This report, with its detailed market analysis, key player profiles, and insightful forecasts, provides a robust foundation for understanding the market dynamics, challenges, and opportunities awaiting in the Global Cold Heading Machine Market.
Estimated Market Value (USD) in 2022
Forecasted Market Value (USD) by 2028
For more information about this report visit https://www.researchandmarkets.com/r/8rd0a7
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