Cold Heading Machine Market – An industrial machine for making net shaped parts of the metal
- Cold heading machine is mechanical equipment used to form net shaped or near net shaped parts of metal.
- This machine performs various steps to form a specific part from a metal wire or rod without adding heat. The process is carried out using replicated series of hammers, die, and punches at high speed.
- Cold heading machines are used to manufacture headed parts, which are widely used to fabricate terminals of automobile control units, pressure sensors, engine controls units, and other mechanical machineries.
- The cold heading machine is used to produces bolts, screws, rivets, taper roller heading, etc. Moreover, increase in growth of automotive and constructional industries will boost the cold heading machine market.
Rise in Demand from Automotive Industry to Drive the Global Cold Heading Machine Market
- The automotive industry is gradually growing at its own pace. The need for metal terminals such as rivets and bolts is rising in this industry. The automotive industry is likely to expand with substantial increase in sales. Rise in sale of leading motor vehicles will positively affect the global cold heading machine market.
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Expansion of Construction Industry to Drive Cold Heading Machine Market
- Screws, rivets, bolts, and taper roller heading are basic mechanical terminal parts needed in various industries. The growth of the construction industry will lead to increased use of cold heading machines. Cold heading machines are used to produce fabrication terminals, which are widely used in the construction industry. Moreover, its use in other industries, such as aerospace & defense, industrial manufacturing, and electrical industry, which drive the global cold heading machine market.
North America to Hold a Leading Share of Global Cold Heading Machine Market
- Geographically, the global Cold Heading Machine market can be divided into five regions: North America (NA), Europe (EU), Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SA).
- North America country-level analysis features the U.S., Canada, and Rest of North America. Analysis and forecast of the Cold Heading Machine market in Europe includes markets across the U.K., Germany, France, and Rest of Europe. Similarly, Asia Pacific includes India, China, Japan, and Rest of Asia Pacific. Middle East & Africa includes the Cold Heading Machine market analysis and forecast of GCC countries, South Africa, and Rest of Middle East & Africa. The South America Cold Heading Machine market is segmented into Brazil, and Rest of South America.
- Asia Pacific dominates the market share due to rapidly expanding manufacturing industry which has increased global sales of cold heading machine.
- Furthermore, Asia Pacific is also anticipated to grow at a fastest CAGR growth rate during the forecast period. Rising demand of advanced cold headed machine is projected to drive product innovation and launches in the region.
Key Players Operating in the Cold Heading Machine Market:
The cold heading machine market is competitive with several global and regional players. Major players are adopting various strategies, such as regional expansion and product portfolio expansion to enhance their position in the market.
Companies are focusing on increasing awareness about eco-friendly and zero waste products. The players are focusing on increasing mergers and acquisitions to gain an edge over competitors. The market is projected to see an upsurge in the trend of rising sale owing to higher infrastructure facilities.
Companies are expanding their business across different region to cater to the demand of consumers. The company focuses on emerging markets to expand its customer base. A few of the key players operating in the global Cold Heading Machine market are:
- Chun Zu Machinery Industry Co., Ltd
- Sakamura Machine Co., Ltd
- Carlo Salvi S.p.A.
- Asahi Sunac Corporation
- National Machinery
- Wrentham Tool Group LLC
- Samrat Machine Tools
- Ningbo Sijin Machinery
- Yixing Jufeng Machinery
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