The global metal forming machine tools market size is projected to reach USD 48.67 billion by 2026, 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 and 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, 2019-2026.” 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 processes, 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:
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High Demand for Metal Fabrication Owing to Multiple Application Areas to Boost Growth
Various industries, such as consumer electronics, automotive, and aerospace, are demanding for fabricated metals. Metal fabrication possesses a wide range of applications. Right from office supplies, such as paper clips, to airplane parts, their usage is increasing day by day. It is one of the most vital factors fueling the metal forming machine tools market growth. In the emerging countries, namely, India and China, there is a rise in the number of industrial activities for the past few years. It is resulting in the growing demand for steel fabrication. Besides, steel fabrication is required for several applications, such as pipe and structure steel owing to the increasing number of construction activities. Furthermore, the governments of various countries are taking construction initiatives, which is affecting the construction market positively. It would also boost the market growth.
Automotive Segment to Exhibit Significant Growth Backed by Technological Advancements
In terms of application, the market is fragmented into transport machinery, automotive, precision engineering, general machinery, and others (electrical, energy, and others). Out of these, at present, the automotive segment held 43.8% metal forming machine tools market share in 2018. This growth is attributable to the rising technological advancements that consist of light-weight design solutions, smooth connectivity, and automated driving. There is also an increasing demand for resource-efficient driverless cars across the world.
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The general machinery segment is set to experience increasing popularity of CNC forming machine tools on account of the rising inclination of the industrial equipment manufactures towards high efficiency and accuracy. The precision engineering segment would witness good growth stoked by the rising demand for customized precision machinery. Lastly, the transport machinery segment is likely to showcase a considerable growth in the coming years owing to the launch of intelligent public transport.
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 early 2020 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.
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Table of Content
5. Global Metal Forming Machine Tools Market Analysis, Insights and Forecast, 2015-2026
5.1.Key Findings / Summary
5.2.Market Sizing Estimations and Forecasts By Technology (Value)
5.2.1.Computerized numerical control (CNC)
5.2.2.Conventional
5.3.Market Sizing Estimations and Forecasts By Product (Value)
5.3.1.Rolling Mill Machines
5.3.2.Bending Machines
5.3.3.Hydraulic Presses
5.3.4.Mechanical Presses
5.3.5.Shearing Machines
5.3.6.Forging 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)
5.4.1.Automotive
5.4.2.General Machinery
5.4.3.Precision engineering
5.4.4.Transport Machinery
5.4.5.Others
5.5.Market Analysis, Insights and Forecast By Region (Value)
5.5.1.North America
5.5.2.Europe
5.5.3.Asia Pacific
5.5.4.Middle East and Africa
5.5.5.Latin America
6. North America Metal Forming Machine Tools Market Analysis, Insights and Forecast, 2015-2026
6.1.Key Findings / Summary
6.2.Market Sizing Estimations and Forecasts By Technology (Value)
6.2.1.Computerized numerical control (CNC)
6.2.2.Conventional
6.3.Market Sizing Estimations and Forecasts By Product (Value)
6.3.1.Rolling Mill Machines
6.3.2.Bending Machines
6.3.3.Hydraulic Presses
6.3.4.Mechanical Presses
6.3.5.Shearing Machines
6.3.6.Forging 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)
6.4.1.Automotive
6.4.2.General Machinery
6.4.3.Precision engineering
6.4.4.Transport Machinery
6.4.5.Others
6.5.Market Analysis, Insights and Forecast By Country (Value)
6.5.1.United States
6.5.2.Canada
7. Europe Metal Forming Machine Tools Market Analysis, Insights and Forecast, 2015-2026
7.1.Key Findings / Summary
7.2.Market Sizing Estimations and Forecasts By Technology (Value)
7.2.1.Computerized numerical control (CNC)
7.2.2.Conventional
7.3.Market Sizing Estimations and Forecasts By Product (Value)
7.3.1.Rolling Mill Machines
7.3.2.Bending Machines
7.3.3.Hydraulic Presses
7.3.4.Mechanical Presses
7.3.5.Shearing Machines
7.3.6.Forging 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)
7.4.1.Automotive
7.4.2.General Machinery
7.4.3.Precision engineering
7.4.4.Transport Machinery
7.4.5.Others
7.5.Market Analysis, Insights and Forecast By Country (Value)
7.5.1.Germany
7.5.2.UK
7.5.3.Russia
7.5.4.Italy
7.5.5.Rest of Europe
8. Asia Pacific Metal Forming Machine Tools Market Analysis, Insights and Forecast, 2015-2026
8.1.Key Findings / Summary
8.2.Market Sizing Estimations and Forecasts By Technology (Value)
8.2.1.Computerized numerical control (CNC)
8.2.2.Conventional
8.3.Market Sizing Estimations and Forecasts By Product (Value)
8.3.1.Rolling Mill Machines
8.3.2.Bending Machines
8.3.3.Hydraulic Presses
8.3.4.Mechanical Presses
8.3.5.Shearing Machines
8.3.6.Forging 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)
8.4.1.Automotive
8.4.2.General Machinery
8.4.3.Precision engineering
8.4.4.Transport Machinery
8.4.5.Others
8.5.Market Analysis, Insights and Forecast By Country (Value)
8.5.1.China
8.5.2.Japan
8.5.3.India
8.5.4.Southeast Asia
8.5.5.Rest of Asia Pacific
9. Middle East and Africa Metal Forming Machine Tools Market Analysis, Insights and Forecast, 2015-2026
9.1.Key Findings / Summary
9.2.Market Sizing Estimations and Forecasts By Technology (Value)
9.2.1.Computerized numerical control (CNC)
9.2.2.Conventional
9.3.Market Sizing Estimations and Forecasts By Product (Value)
9.3.1.Rolling Mill Machines
9.3.2.Bending Machines
9.3.3.Hydraulic Presses
9.3.4.Mechanical Presses
9.3.5.Shearing Machines
9.3.6.Forging Machines
9.3.7.Wire Forming Machines
9.3.8.Others (Iron castings, steel casting, steel forging, and others)
9.4.Market Sizing Estimations and Forecasts By Application (Value)
9.4.1.Automotive
9.4.2.General Machinery
9.4.3.Precision engineering
9.4.4.Transport Machinery
9.4.5.Others
9.5.Market Analysis, Insights and Forecast By Country (Value)
9.5.1.GCC
9.5.2.South Africa
9.5.3.Rest of MEA
10. Latin America Metal Forming Machine Tools Market Analysis, Insights and Forecast, 2015-2026
10.1.Key Findings / Summary
10.2.Market Sizing Estimations and Forecasts By Technology (Value)
10.2.1.Computerized numerical control (CNC)
10.2.2.Conventional
10.3.Market Sizing Estimations and Forecasts By Product (Value)
10.3.1.Rolling Mill Machines
10.3.2.Bending Machines
10.3.3.Hydraulic Presses
10.3.4.Mechanical Presses
10.3.5.Shearing Machines
10.3.6.Forging Machines
10.3.7.Wire Forming Machines
10.3.8.Others (Iron castings, steel casting, steel forging, and others)
10.4.Market Sizing Estimations and Forecasts By Application (Value)
10.4.1.Automotive
10.4.2.General Machinery
10.4.3.Precision engineering
10.4.4.Transport Machinery
10.4.5.Others
10.5.Market Analysis, Insights and Forecast By Country (Value)
10.5.1.Brazil
10.5.2.Mexico
10.5.3.Rest of LATAM
11. Global Market Share Analysis, By Key Players, 2018
12. Competition Matrix
12.1.Business Strategies Adopted by Leading Players
13. Company Profile
13.1.Mitsubishi Corporation
13.1.1.Overview
13.1.2.Product Portfolio
13.1.3.Financials
13.1.4.Recent Developments
13.2.Amada Holdings Co., Ltd.
13.2.1.Overview
13.2.2.Product Portfolio
13.2.3.Financials
13.2.4.Recent Developments
13.3.Conzzeta Management AG
13.3.1.Overview
13.3.2.Product Portfolio
13.3.3.Financials
13.3.4.Recent Developments
13.4.ANDRITZ
13.4.1.Overview
13.4.2.Product Portfolio
13.4.3.Financials
13.4.4.Recent Developments
13.5.TRUMPF
13.5.1.Overview
13.5.2.Product Portfolio
13.5.3.Financials
13.5.4.Recent Developments
13.6.Komatsu Ltd.
13.6.1.Overview
13.6.2.Product Portfolio
13.6.3.Financials
13.6.4.Recent Developments
13.7.DMG MORI CO., LTD.
13.7.1.Overview
13.7.2.Product Portfolio
13.7.3.Financials
13.7.4.Recent Developments
13.8.Hyundai WIA
13.8.1.Overview
13.8.2.Product Portfolio
13.8.3.Financials
13.8.4.Recent Developments
13.9.Machine Tools (India) Limited
13.9.1.Overview
13.9.2.Product Portfolio
13.9.3.Financials
13.9.4.Recent Developments
13.10.Dalian Machine Tool Group
13.10.1.Overview
13.10.2.Product Portfolio
13.10.3.Financials
13.10.4.Recent Developments
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