Cold Forming And Cold Heading Market Expectations and Growth Trends Highlighted Until 2028

The "Cold Forming and Cold Heading Market" is expected to grow from US$ 19,510.15 million in 2022 to US$ 27,332.39 million by 2028; it is estimated to grow at a CAGR of 5.8% from 2022 to 2028.

The demand for cold forming and cold heading solutions has increased in commercial and military aircraft production due to its crucial role in constructing aircraft bodies. With a surge in air passenger traffic worldwide, major airlines from developed and developing countries are increasing their aircraft fleets, driving the demand for aircraft manufacturing. The defense industry's rising demand for military aircraft has also boosted the market growth. For instance, in July 2022, Voyager Aviation Holdings, LLC (VAH) signed a purchase agreement worth US$ 300 million with a blue-chip aircraft leasing firm for 7 new and in-production aircraft.

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Companies Profiled in this report includes:

• STANLEY
• Altra Industrial Motion Corp.
• KALYANI FORGE
• Bharat Forge
• Cold-Flow Corporation
• Deringer-Ney Inc
• Buchanan Metal Forming Inc
• Fukui Byora Co., Ltd.
• Cold Heading Company
• Cold Formed Products

Furthermore, in November 2021, Indigo partner portfolios procured an additional 255 A321neo aircraft, while in September 2021, the Indian government announced the purchase of 56 Airbus C-295 military aircraft worth US$ 2.5 billion. These contracts are expected to accelerate aircraft manufacturing activities, further driving the growth of the cold forming and cold heading market.
The global cold forming and cold heading market is experiencing a surge in demand due to the rapid growth of the automotive industry worldwide. Major automotive manufacturers are investing heavily in developing autonomous and electric vehicles, increasing the production of automobiles globally. This rise in production is driving the demand for cold forming and cold heading solutions. Additionally, various government initiatives aimed at boosting the automotive production industry are expected to positively impact the overall production volume, further fueling the growth of the global cold forming and cold heading market.

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Cold Forming And Cold Heading Market Segmentation:

By Type:
• Aluminium
• Alloy Steel
• Stainless Steel

By Industry:
• Aerospace and Defence
• Automotive
• Industrial equipment and Machinery

Cold heading machines are used extensively in the automotive industry to produce molded parts made from metals such as copper-based alloys, brass, stainless steel, and aluminum. These parts, such as terminals, pins, and sensors, are used in automotive control units, engine control units, and pressure sensors. The demand for environmentally friendly and fuel-efficient vehicles and advancements in electric and hybrid vehicles is increasing due to technological progress, climate change policies, and changing consumer preferences. This trend is driving the growth of the cold heading industry in the global automotive sector.

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