Metal Forming Tools Market, By Type (Bulk forming, Shear forming, others), By Application (Automotive, Manufacturing, Precision Engineering, Construction, Aerospace & Defense, Other) and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis, And Forecast Till 2034

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.

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.

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.

Metal Forming Tools market based on type, application and region.

Depending upon the type segment the 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:

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.

Metal Forming Tools Market, By Type:

• Bulk Forming
• Sheet Forming
• Powder Metal Forming

Metal Forming Tools Market, By Application:

• Automotive
• Manufacturing
• Precision Engineering
• Construction
• Aerospace & Defense
• Other

Metal Forming Tools Market, By Region:

• North America
  • Middle East & Africa
    • • GCC
      • Israel
      • South Africa
      • Rest of Middle East & Africa
  • Latin America
    • • Brazil
      • Mexico
      • Rest of Latin America
  • Asia Pacific
    • • China
      • India
      • Japan
      • South Korea
      • Rest of Asia Pacific
  • Europe
    • • Germany
      • UK
      • France
      • Russia
      • Italy
      • Rest of Europe
  • • U.S.
    • Canada

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.

• 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