The global metal forming machine tools market size is projected to reach USD 48.67 billion by 2028, exhibiting a CAGR of 5.2% during the forecast period. This information is provided by Fortune Business Insights™ in a published report, titled, “Metal Forming Machine Tools“ Market Size, Share & Industry Analysis, By Technology (Computerized Numerical Control, Conventional), By Product (Rolling Mill Machines, Bending Machines, Hydraulic Presses, Mechanical Presses, Shearing Machines, Forging Machines, Wire Forming Machines, Others), By Application (Automotive, General Machinery, Precision Machinery, Transport Machinery, Others) and Regional Forecast, 2019-2028.” The report further states that the market was valued at USD 32.29 billion in 2018. It is likely to gain impetus from the increasing demand for high-speed machinery for many process, such as die stamping, forging, and pressing.
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Fortune Business Insights™ lists out some of the most prominent companies present in the metal forming machine tools market. They are as follows:
- Hyundai WIA
- Amada Holdings Co., Ltd.
- Dalian Machine Tool Group
- Mitsubishi Corporation
- Machine Tools (India) Limited
- Komatsu Ltd.
- Conzzeta Management AG
- DMG MORI CO., LTD.
What Does This Report Contain?
- Emerging regional markets and niche segments.
- Vital changes in market dynamics.
- A backdrop analysis, including an evaluation of the parent market.
- Various insights, such as metal forming machine tools market trends, drivers, obstacles, opportunities, and challenges.
For more information in the analysis of this report, visit: https://www.fortunebusinessinsights.com/industry-reports/metal-forming-machine-tools-market-101841
Increasing Number of Construction Activities to Favor Growth in Asia Pacific
The market is geographically divided into Europe, the Middle East and Africa, Asia Pacific, Latin America, and North America. Amongst these regions, Asia Pacific metal forming machines market size was USD 18.71 billion in 2018. This growth is attributable to the rising number of construction activities in the region. Developing countries, such as India, Malaysia, China, and Indonesia, are the most significant emerging construction markets. As per a few sources, the construction industry in Indonesia is anticipated to grow more than 9 percent annually. It is likely to result in the rising number of non-residential and residential construction activities in the country.
North America, on the other hand, is expected to showcase a considerable growth owing to the huge demand for metal fabrication in the U.S. It is used in electronics and automotive applications. In Europe, the presence of industry giants, namely, Daimler AG, Volvo Group, Volkswagen Group, and BMW, would also accelerate growth. In the Middle East and Africa, rising expenditure in the oil and gas sector is projected to cause a high metal forming tools market growth.
MHMM to Acquire Siemen’s Stake in Primetals Technologies
October 2019: Siemens AG, a multinational conglomerate company and Mitsubishi-Hitachi Metals Machinery (MHMM), announced that the latter will acquire Siemen’s 49% stake in Primetals Technologies. The transaction is set to close by the early 2021 and is subject to customary conditions. Siemens will ensure a successful closing of the transaction by supporting the process. After the closing, MHMM will take control of Primetals. This acquisition would help in strengthening MHMM’s business in the near future.
Table of Content
5. Global Metal Forming Machine Tools Market Analysis, Insights and Forecast, 2015-2028
5.1.Key Findings / Summary
5.2.Market Sizing Estimations and Forecasts – By Technology (Value)
5.2.1.Computerized numerical control (CNC)
5.3.Market Sizing Estimations and Forecasts – By Product (Value)
5.3.1.Rolling Mill Machines
5.3.7.Wire Forming Machines
5.3.8.Others (Iron castings, steel casting, steel forging, and others)
5.4.Market Sizing Estimations and Forecasts – By Application (Value)
5.5.Market Analysis, Insights and Forecast – By Region (Value)
5.5.4.Middle East & Africa
6. North America Metal Forming Machine Tools Market Analysis, Insights and Forecast, 2015-2028
6.1.Key Findings / Summary
6.2.Market Sizing Estimations and Forecasts – By Technology (Value)
6.2.1.Computerized numerical control (CNC)
6.3.Market Sizing Estimations and Forecasts – By Product (Value)
6.3.1.Rolling Mill Machines
6.3.7.Wire Forming Machines
6.3.8.Others (Iron castings, steel casting, steel forging, and others)
6.4.Market Sizing Estimations and Forecasts – By Application (Value)
6.5.Market Analysis, Insights and Forecast – By Country (Value)
7. Europe Metal Forming Machine Tools Market Analysis, Insights and Forecast, 2015-2028
7.1.Key Findings / Summary
7.2.Market Sizing Estimations and Forecasts – By Technology (Value)
7.2.1.Computerized numerical control (CNC)
7.3.Market Sizing Estimations and Forecasts – By Product (Value)
7.3.1.Rolling Mill Machines
7.3.7.Wire Forming Machines
7.3.8.Others (Iron castings, steel casting, steel forging, and others)
7.4.Market Sizing Estimations and Forecasts – By Application (Value)
7.5.Market Analysis, Insights and Forecast – By Country (Value)
7.5.5.Rest of Europe
8.Asia Pacific Metal Forming Machine Tools Market Analysis, Insights and Forecast, 2015-2028
8.1.Key Findings / Summary
8.2.Market Sizing Estimations and Forecasts – By Technology (Value)
8.2.1.Computerized numerical control (CNC)
8.3.Market Sizing Estimations and Forecasts – By Product (Value)
8.3.1.Rolling Mill Machines
8.3.7.Wire Forming Machines
8.3.8.Others (Iron castings, steel casting, steel forging, and others)
8.4.Market Sizing Estimations and Forecasts – By Application (Value)
An Overview of the Impact of COVID-19 on this Market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
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