Base Year
Historical Year
Forecast Year
The global metal forming machine tools market is expected to grow at a CAGR of 4% between 2024 and 2032.
| Global Metal Forming Machine Tools Market Report Summary | Description | Value |
| Base Year | USD Million | 2023 |
| Historical Period | USD Million | 2018-2023 |
| Forecast Period | USD Million | 2024-2032 |
| Market Size 2023 | USD Million | XX |
| Market Size 2032 | USD Million | XX |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 4% |
| CAGR 2024-2032 - Market by Region | Asia Pacific | 5.1% |
| CAGR 2024-2032 - Market by Country | India | 5.9% |
| CAGR 2024-2032 - Market by Country | China | 4.9% |
| CAGR 2024-2032 - Market by Product | Hydraulic Presses | 4.5% |
| CAGR 2024-2032 - Market by Application | Automotive | 4.6% |
| Market Share by Country 2023 | Brazil | 3.4% |
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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.
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.
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By technology, the market is divided into:
On the basis of product, the market is segmented into:
| CAGR 2024-2032 - Market by | Product |
| Hydraulic Presses | 4.5% |
| Rolling Mill Machines | 4.2% |
| Others | 4.1% |
| Bending Machines | XX% |
| Mechanical Presses | XX% |
| Shearing Machines | XX% |
Based on application, the market is bifurcated into:
| CAGR 2024-2032 - Market by | Application |
| Automotive | 4.6% |
| Precision Engineering | 4.3% |
| General Machinery | XX% |
| Transport Machinery | XX% |
| Others | XX% |
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
| CAGR 2024-2032 - Market by | Region |
| Asia Pacific | 5.1% |
| Middle East and Africa | 4.3% |
| North America | XX% |
| Europe | XX% |
| Latin America | XX% |
| CAGR 2024-2032 - Market by | Country |
| India | 5.9% |
| China | 4.9% |
| Brazil | 4.4% |
| Canada | 3.8% |
| Mexico | 3.7% |
| USA | XX% |
| UK | 3.3% |
| Germany | XX% |
| Italy | XX% |
| Japan | XX% |
| Australia | XX% |
| Saudi Arabia | XX% |
| France | 2.8% |
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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.
| 2023 Market Share by | Country |
| Brazil | 3.4% |
| USA | XX% |
| Canada | XX% |
| UK | XX% |
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:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Technology |
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| Breakup by Product |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The global metal forming machine tools market is projected to grow at a CAGR of 4% between 2024 and 2032.
The major drivers of the market include the rising use of manufactured machinery, shift towards advanced digital technology, increasing infrastructure projects, introduction of smart public transport, and the growing demand for personalised precision equipment.
The growing technical developments consisting of lightweight solutions and the rise in automation recognition and high-precision metals are the key trends in the market.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The various technologies in the market are computerised numerical control (CNC) and conventional.
The major products include rolling mill machines, bending machines, hydraulic presses, mechanical presses, shearing machines, forging machines, and wire forming machines, among others.
The significant applications in the market are automotive, general machinery, precision engineering, and transport machinery, among others.
The key players in the global metal forming machine tools market are Mitsubishi Material Corporation, Amada Co., Ltd., Komatsu Ltd., Machine Tools (India) Limited, and Schuler AG, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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