What Has Been the Growth of the Metal Forming Machine Tools Market So Far?
The metal forming machine tools market has seen considerable growth due to a variety of factors.
• Over the past few years, the market size of metal forming machine tools has seen robust expansion. The projections indicate an increase from $59.55 billion in 2024 to $62.7 billion in 2025, showing a compound annual growth rate (CAGR) of 5.3%.
This growth noted in the historic period stems from the surging demand in diverse sectors, a heightened requirement for precise manufacturing, a boom in industrial activities in emerging economies, an upswing in construction activities, not to mention the heightened efficiency, productivity, and flexibility.
What Is the Forecasted Market Size and Growth Rate for The Metal Forming Machine Tools Market Size In The Coming Years?
The metal forming machine tools market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the metal forming machine tools market size is anticipated to experience consistent growth. It is projected to expand to $76 billion in 2029, with a compound annual growth rate (CAGR) of 4.9%.
The growth in the predicted period can be related to increased R&D investments, continuing improvements in material science, a rising demand for high-precision components, an increasing shift towards advanced digital technologies, and a growing acceptance of automation and robotics. In the forecast period, the main trends include the integration of robotics and automation technologies, the uptake of digitalization and smart technologies, the demand for lightweight materials, the progress in software integration, and advancements in hybrid technologies.
What Factors Are Driving Growth In The Metal Forming Machine Tools Market?
The metal-forming machine tools market is anticipated to grow due to escalating construction activities. These activities encompass the building, modification, repair, and demolition of structures and infrastructure for both residential and non-residential purposes. The surge in constructed activities is largely influenced by increasing urbanization, housing demand, and the necessity for commercial spaces. These factors stimulate construction projects designed to accommodate this transition. Metal-forming machine tools offer flexible solutions for different construction needs, improving metal durability and resilience. The automation of these tools enhances efficiency and production, paving the way for cost-effective and timely project completion. For example, data from the UK-based Office for National Statistics in November 2023 showed a rise in new construction activities worth £18,161 million ($19.96 million) in 2022, with a growth of 16.8% in private sector projects and an increase of 13.1% in public sector projects. Hence, the proliferation of construction activities is propelling the expansion of the metal-forming machine tools market.
What Are The Main Segments Of The Global Metal Forming Machine Tools Market?
The metal forming machine toolsmarket covered in this report is segmented –
1) By Type: Bulk Forming, Sheet Forming, Powder Metal Forming, Other Types
2) By Raw Materials: Ferrous, Non-Ferrous, Steel, Aluminum, Other Raw Materials
3) By Application: Automotive, Manufacturing, Precision Engineering, Construction, Aerospace And Defense, Other Applications
Subsegments:
1) By Bulk Forming: Forging Machines, Extrusion Presses, Roll Forming Machines, Die Casting Machines, Hydroforming Equipment
2) By Sheet Forming: Stamping Presses, Bending Machines, Shearing Machines, Punching Machines, Laser Cutting Machines
3) By Powder Metal Forming: Powder Pressing Machines, Sintering Equipment, Powder Injection Molding Machines, Cold Isostatic Pressing Machines, Hot Isostatic Pressing Machines
4) By Other Types: Hybrid Forming Machines, CNC Metal Forming Tools, Specialized Forming Equipment, Metal Additive Manufacturing Machines, Machine Tools for Metal Cutting.
Pre-Book The Metal Forming Machine Tools Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
What Trends Are Reshaping The Future Of The Metal Forming Machine Tools Market?
Key players in the metal forming machine tools market are concentrating their efforts on the advancement of innovative technologies such as digital sheet forming (DSF) to enhance productivity and expedite the manufacturing processes. Digital sheet forming (DSF) is a state-of-the-art production method that employs digital tech to boost the production of sheet metal components. It offers better accuracy and swift production phases compared to traditional techniques. For example, Desktop Metal, a tech firm based in the US specializing in the design of 3D printing systems, debuted the Figur G15 in September 2022. The equipment, featuring a maximum forming area of 1450 x 1000 mm, can accommodate sheet metals up to 2.0 mm thick for steel and 2.5 mm for aluminum, and supports withdrawal depths as great as 400 mm vertically. This innovative system considerably lowers production expenses and lead times, creating parts at around $10 a piece as opposed to the conventional $160 with traditional stamping processes. Capable of producing a finished part in under an hour, the G15 is optimal for small-scale production and prototype development, particularly in the automotive and aerospace sectors. Additionally, it requires less post-processing to achieve a premium surface finish.
Who Are the Key Players In The Metal Forming Machine Tools Market?
Major companies operating in the metal forming machine tools market are:
• TRUMPF Inc.
• Amada Holdings Co. Ltd.
• Schuler AG
• Mitsubishi Steel Mfg Co. Ltd
• Fagor Arrasate
• Empire Industries Limited
• LVD Group
• Macrodyne Technologies Inc.
• Haeusler AG
• Accurpress
• Schröder Group
• Hammer Presses
• Krrass
• Cincinnati Machine
• Bystronic Group
• KNUTH Werkzeugmaschinen GmbH
• Röcher GmbH & Co. KG
• Electro Mechanical Solutions LLC (EMS)
• Anhui Donghai Machine Tool Co. Ltd
• Jadestone Machine Tool Co. Ltd
What Is The Most Dominant Region In The Metal Forming Machine Tools Market?
North America was the largest region in the metal forming machine tools market in 2024. The regions covered in the metal forming machine tools market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
