Global Metal Forming Tools Market Overview
Metal Forming Tools Market was valued at US$ 43.1 Billion in 2024 and is projected to grow at a CAGR of 5.30% to reach US$ 71.9 Billion by 2034.
Metal forming is a process in which metal undergo a deformation and is shaped according to the requirement without removing or adding any other material from outside hence the mass of the metal remains the same. Metal forming process allows to alter the shape & size of the metal and also fabricate the required parts. Forming is generally divided into three categories bulk forming, sheet forming and powder metal forming. Equipment used for the process of metal forming includes arbor presses, beaders machine, bending machine, chemical explosive metal forming machine, die casting machine, elastic membrane metal forming machine and many other. Metal forming is one of the significant process which has various advantages- enhanced productivity, flexibility of operation, enhanced properties of metal, saves material and cost effective. Metal forming equipment is used for the manufacturing of various products from daily used goods to the automotive parts. Metal forming equipment involves several steps in the process of conversion of raw material into finished goods. Metal forming equipment are the equipment mainly used for producing finished and semi-finished products. Metal forming equipment has the ability to change the shape & size of the metal either in hot or cold condition under the application of pressure. Furthermore, metal forming equipment allow to manufacture products with the required dimension, productivity and mechanical property. Production involves many processes and many equipment are available in the market for the process of metal forming. For the process of metal forming several equipment are available which perform the following processes metal machining, metal forming, metal joining, nano fabrication, micro machining, ultraprecision and metal finishing. The global metal forming machine tools market accounted for US$ 33.8 billion in 2019 and is estimated to be US$ 55.1 billion by 2029 and is anticipated to register a CAGR of 5.10%.
COVID-19 Impact on the Market:
The demand for the metal forming tools is expected to decrease in the year 2020 due to lockdown imposed by the government and low demand from automotive industries. COVID-19 pandemic has shut-down the production of various products in the metal forming machine tools industry, mainly owing to the prolonged lockdown in major global countries. This has hampered the growth of Metal forming machine tools significantly from last few months, as is likely to continue during 2020. COVID-19 has already affected the sales of equipment and machinery in the first quarter of 2020 and is likely to cause a negative impact on the market growth throughout the year. The major demand for equipment and machinery was previously noticed from giant manufacturing countries including the U.S., Germany, Italy, the UK, and China, which is badly affected by the spread of coronavirus, thereby halting the demand for equipment and machinery. Further, potential impact of the lockdown is currently vague and financial recovery of companies is totally based on its cash reserves. Equipment and machinery companies can afford a full lockdown only for a few months, after which the players would have to modify their investment plans. Equipment and machinery manufacturers must focus on protecting their workforce, operations, and supply chains to respond toward immediate crises and find new ways of working after COVID-19 infection cases start to decrease.
Global Metal Forming Tools Market Dynamics
Increasing Demand for the Fabricated Metal Products
Increasing demand for the fabricated metal products in the global market is enhancing the demand of metal forming equipment. Fabricated metals have wide range of applications such as manufacturing of springs, boiler, cutlery, metal can, among others. This key factor is projected to drive the metal forming equipment market over the estimated period of time in the global metal forming market. There is a successive growth in the demand of metal tools and it is expected to continue in the same pattern in the global market in the near future.
Advance Technology
Advanced 3-D printing technologies which makes the manufacturing easy and less time consuming is estimated to fuel the demand of metal forming equipment in the global market in the coming future. Manufacturers are involved in improving the quality of metal forming equipment present in the market, this will enforce the consumer to replace their old metal forming equipment with the novel machines and this will accelerate the demand of metal forming equipment. Moreover, the automobile industry is continuously demanding for new and advanced metal forming equipment in the current rapid industrialization stage in the developed as well as developing economies across the globe.
Automation of Production Processes
Automation of production processes in large-scale manufacturing industries worldwide is expected to be a key factor driving the global metal forming machine tools market. Increase in investments in the industrial manufacturing sector has boosted the adoption of automated machine tools considerably in the past decade. Automation of manufacturing processes has improved the productivity of industries. Automation also helps organizing the overall workflow and making experts very efficient during emergencies.
Restraint:
High investments
The High investments across different infrastructural and technological parts have empowered makers of metal forming machine tools to provide high quality products to the end users and meet the high demand. However, the high initial investment and increased used of non-metals like plastics and fiber products hinder the market growth.
Global Metal Forming Tools Market Segmentation
The global the Metal Forming Tools market based on type, application and region.
Depending upon the type segment the global metal forming tools market is divided into bulk forming, shear forming, others. Based on application segment the market is divided into automotive, manufacturing, precision engineering, construction, aerospace & defense, other.
Regional insights:
Regionally, the overall industry is divided into North America, Europe, Asia Pacific, Latin America, And Middle East & Africa. Asia-Pacific is expected to have the significant market value share of metal forming equipment market over the estimated period. Developing countries like India and China are acting as the significant players in enhancing the demand of automobiles which in turn supporting the growth of metal forming equipment global market over the forecast period. Europe, North America and Middle East Africa are continuously showing the infrastructural growth which in turn drive the constructional industry. Owing to this, metal forming tools market is estimated to grow in the upcoming future in the above-mentioned regions.
Report scope:
|
Attribute |
Details |
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The base year for estimation |
2023 |
|
Forecast period |
2024 – 2034 |
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Market representation |
Revenue in USD Million & CAGR from 2024 – 2034 |
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Market Segmentation |
By Type - Bulk forming, Shear forming, others By Application - Automotive, Manufacturing, Precision Engineering, Construction, Aerospace & Defense, Other |
|
Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
|
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study, has segmented the metal forming tools Market report based on of type, application and region.
Global Metal Forming Tools Market, By Type:
- Bulk Forming
- Sheet Forming
- Powder Metal Forming
Global Metal Forming Tools Market, By Application:
- Automotive
- Manufacturing
- Precision Engineering
- Construction
- Aerospace & Defense
- Other
Global Metal Forming Tools Market, By Region:
-
-
- North America
-
- U.S.
- Canada
-
- Europe
-
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
-
- Asia Pacific
-
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
-
- Latin America
-
- Brazil
- Mexico
- Rest of Latin America
-
- Middle East & Africa
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- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
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- North America
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Global Metal Forming Tools Market Key Players
The key players operating in the Metal Forming Tools market includes Aisin Seiki, Fagor Arrasate, Magna International, Benteler, Amco Metal, Toyota Boshoku, JET, and Tennsmith.
Global Metal Forming Tools Market Company Profile
- Amada (India)
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- BYJC-Okuma Beijing Machine Tool
- DMG Mori
- Dalian Machine Tool Group
- Fagor Arrasate
- Fair Friend Enterprise
- GF Machining
- Kennametal
- Magna International
- Makino Milling Machine
“*” marked represents similar segmentation in other categories in the respective section
Global Metal Forming Tools Market Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Purview
- Executive Summary
- Key Findings—Global Outlook for Metal Forming Tools Strategies
- Key Questions this Study will Answer
- Market Snippet, By Type
- Market Snippet, By Application
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Global Metal Forming Tools Market, By Type, 2019 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Segment Trends
- Bulk forming
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Shear forming
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Others
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Overview
- Global Metal Forming Tools Market, By Application, 2019 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Segment Trends
- Automotive
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Manufacturing
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Precision Engineering
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Construction
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Aerospace & Defense
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Others
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Overview
- Global Metal Forming Tools Market, By Region, 2019 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Regional Trends
- North America
- Market Size and Forecast (US$ Mn), By Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Mn), By Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Mn), By Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Mn), By Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Mn), By Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
- Amada (India)
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- BYJC-Okuma Beijing Machine Tool
- DMG Mori
- Dalian Machine Tool Group
- Fagor Arrasate
- Fair Friend Enterprise
- GF Machining
- Kennametal
- Magna International
- Makino Milling Machine
- The Last Word
- Future Impact
- About Us
- Contact
List of Tables
TABLE List of data sources
TABLE Market drivers; Impact Analysis
TABLE Market restraints; Impact Analysis
TABLE Metal Forming Tools Market: Type Snapshot (2019)
TABLE Segment Dashboard; Definition and Scope, by Type
TABLE Global Metal Forming Tools Market, by Type 2019-2029 (USD Million)
TABLE Metal Forming Tools Market: Application Snapshot (2019)
TABLE Segment Dashboard; Definition and Scope, by Application
TABLE Global Metal Forming Tools Market, by Application 2019-2029 (USD Million)
TABLE Metal Forming Tools Market: Regional snapshot (2019)
TABLE Segment Dashboard; Definition and Scope, by Region
TABLE Global Metal Forming Tools Market, by Region 2019-2029 (USD Million)
TABLE North America Metal Forming Tools Market, by Country, 2019-2029 (USD Million)
TABLE North America Metal Forming Tools Market, by Type, 2019-2029 (USD Million)
TABLE North America Metal Forming Tools Market, by Application, 2019-2029 (USD Million)
TABLE Europe Metal Forming Tools Market, by Country, 2019-2029 (USD Million)
TABLE Europe Metal Forming Tools Market, by Type, 2019-2029 (USD Million)
TABLE Europe Metal Forming Tools Market, by Application, 2019-2029 (USD Million)
TABLE Asia Pacific Metal Forming Tools Market, by Country, 2019-2029 (USD Million)
TABLE Asia Pacific Metal Forming Tools Market, by Type, 2019-2029 (USD Million)
TABLE Asia Pacific Metal Forming Tools Market, by Application, 2019-2029 (USD Million)
TABLE Latin America Metal Forming Tools Market, by Country, 2019-2029 (USD Million)
TABLE Latin America Metal Forming Tools Market, by Product Type, 2019-2029 (USD Million)
TABLE Latin America Metal Forming Tools Market, by Application, 2019-2029 (USD Million)
TABLE Middle East and Africa Metal Forming Tools Market, by Country, 2019-2029 (USD Million)
TABLE Middle East and Africa Metal Forming Tools Market, by Product Type, 2019-2029 (USD Million)
TABLE Middle East and Africa Metal Forming Tools Market, by Application, 2019-2029 (USD Million)
List of Figures
FIGURE Metal Forming Tools Market Segmentation
FIGURE Market research methodology
FIGURE Value chain analysis
FIGURE Porter’s Five Forces Analysis
FIGURE Market Attractiveness Analysis
FIGURE COVID-19 Impact Analysis
FIGURE Pre & Post COVID-19 Impact Comparison Study
FIGURE Competitive Landscape; Key company market share analysis, 2019
FIGURE Product Type segment market share analysis, 2020 & 2029
FIGURE Product Type segment market size forecast and trend analysis, 2019 to 2029 (USD Million)
FIGURE Application segment market share analysis, 2020 & 2029
FIGURE Application segment market size forecast and trend analysis, 2019 to 2029 (USD Million)
FIGURE Regional segment market share analysis, 2020 & 2029
FIGURE Regional segment market size forecast and trend analysis, 2019 to 2029 (USD Million)
FIGURE North America Metal Forming Tools Market share and leading players, 2019
FIGURE Europe Metal Forming Tools Market share and leading players, 2019
FIGURE Asia Pacific Metal Forming Tools Market share and leading players, 2019
FIGURE Latin America Metal Forming Tools Market share and leading players, 2019
FIGURE Middle East and Africa Metal Forming Tools Market share and leading players, 2019
FIGURE North America market share analysis by country, 2019
FIGURE U.S. Metal Forming Tools Market size, forecast and trend analysis, 2019 to 2029 (USD Million)
FIGURE Canada Metal Forming Tools Market size, forecast and trend analysis, 2019 to 2029 (USD Million)
FIGURE Europe Metal Forming Tools Market share analysis by country, 2019
FIGURE Germany Metal Forming Tools Market size, forecast and trend analysis, 2019 to 2029 (USD Million)
FIGURE Spain Metal Forming Tools Market size, forecast and trend analysis, 2019 to 2029 (USD Million)
FIGURE Italy Metal Forming Tools Market size, forecast and trend analysis, 2019 to 2029 (USD Million)
FIGURE UK Metal Forming Tools Market size, forecast and trend analysis, 2019 to 2029 (USD Million)
FIGURE France Metal Forming Tools Market size, forecast and trend analysis, 2019 to 2029 (USD Million)
FIGURE Rest of the Europe Metal Forming Tools Market size, forecast and trend analysis, 2019 to 2029 (USD Million)
FIGURE Asia Pacific Metal Forming Tools Market share analysis by country, 2019
FIGURE India Metal Forming Tools Market size, forecast and trend analysis, 2019 to 2029 (USD Million)
FIGURE China Metal Forming Tools Market size, forecast and trend analysis, 2019 to 2029 (USD Million)
FIGURE Japan Metal Forming Tools Market size, forecast and trend analysis, 2019 to 2029 (USD Million)
FIGURE South Korea Metal Forming Tools Market size, forecast and trend analysis, 2019 to 2029 (USD Million)
FIGURE Rest of APAC Metal Forming Tools Market size, forecast and trend analysis, 2019 to 2029 (USD Million)
FIGURE Latin America Metal Forming Tools Market size, forecast and trend analysis, 2019 to 2029 (USD Million)
FIGURE Latin America Metal Forming Tools Market share analysis by country, 2019
FIGURE Brazil Metal Forming Tools Market size, forecast and trend analysis, 2019 to 2029 (USD Million)
FIGURE Mexico Metal Forming Tools Market size, forecast and trend analysis, 2019 to 2029 (USD Million)
FIGURE Argentina Metal Forming Tools Market size, forecast and trend analysis, 2019 to 2029 (USD Million)
FIGURE Rest of LATAM Metal Forming Tools Market size, forecast and trend analysis, 2019 to 2029 (USD Million)
FIGURE Middle East and Africa Metal Forming Tools Market size, forecast and trend analysis, 2019 to 2029 (USD Million)
FIGURE Middle East and Africa Metal Forming Tools Market share analysis by country, 2019
FIGURE Saudi Arabia Metal Forming Tools Market size, forecast and trend analysis, 2019 to 2029 (USD Million)
FIGURE United Arab Emirates Metal Forming Tools Market size, forecast and trend analysis, 2019 to 2029 (USD Million)
FIGURE Rest of Middle East & Africa Metal Forming Tools Market size, forecast and trend analysis, 2019 to 2029 (USD Million)
FAQs
The Metal Forming Tools Market report segments the market been segmented on the basis of type, application, and region.
Increasing demand for the fabricated metal products in the global market is enhancing the demand of metal forming equipment.
North America region being the largest market
The leading players operating in the Metal Forming Tools Market includes Aisin Seiki, Fagor Arrasate, Magna International, Benteler, Amco Metal, Toyota Boshoku, JET, and Tennsmith.