Cold Forming And Cold Heading Market Companies

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.

Cold forming and cold heading solutions are increasingly used in commercial and military aircraft production. It helps in building the structure of aircraft bodies. The rising air passenger traffic across the globe is increasing the demand for aircraft fleets operated by major airlines across developed and developing countries. The rise in demand for military aircraft from the defense industry has also boosted aircraft manufacturing.

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The List of Companies – Cold Forming and Cold Heading Market

For instance, in July 2022, Voyager Aviation Holdings, LLC (VAH) announced a purchase agreement of US$ 300 million to work with a blue-chip aircraft leasing firm for 7 new and in-production aircraft. Similarly, in November 2021, Indigo partner portfolios announced the procurement of 255 additional A321neo aircraft. Additionally, in September 2021, the Indian government announced the procurement of 56 Airbus C-295 military aircraft worth US$ 2.5 billion. Thus, the above-mentioned contracts bolster the aircraft manufacturing activities, propelling the growth of the cold forming and cold heading market.

North America and Europe continue to invest in innovation and development of advanced, energy-efficient, and environment-friendly vehicles. As a result, automakers in these regions are investing in expanding production facilities, which is expected to increase the demand for cold forming and cold heading market. Investment from multinational automakers has been observed in Asia Pacific countries, such as India, Indonesia, Malaysia, and Thailand. Therefore, increased investments in the automotive industry are boosting the growth of the cold forming and cold heading market.

The rapidly growing global automotive industry is augmenting the demand for cold forming and cold heading market. The increasing investment by global automotive manufacturers to develop advanced autonomous vehicles and electric vehicles is further increasing the number of automobiles manufactured across the globe, fueling the demand for cold forming and cold heading market. Further, the increasing number of government initiatives across the globe to enhance the automotive production industry is expected to influence the automotive production volume. Thus, the above-mentioned factors are contributing to the growth of the global cold forming and cold heading market.

The automobile industry widely uses parts molded by cold heading machines. A few main metals used for cold heading include copper-based (Cu) metal alloys, pure copper, brass, phosphor bronze, stainless steel, and aluminum. Headers manufactured by cold heading machines are terminals and pins used in various automotive control units, engine control units (ECUs), pressure sensors, and other in-vehicle sensors. Technological advancements, climate change-related policies, and changing consumer preference are driving the demand for eco-friendly, fuel-efficient, and intelligent vehicles, as well as innovations in electric and hybrid vehicles globally.

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The electronics industry in developing countries has grown rapidly in recent years. The appliances industry benefits from cold heading machines by manufacturing gears and fasteners for assembly. Cold heading avoids the porosity, segregation, large inclusions, and other imperfections of the casting and reduces the chances of cold heading parts leaking under high pressure. Therefore, this factor makes cold heading ideal for a few high-pressure and hydraulic components. For instance, rod ends and fittings for 3,000 psi cylinders can be replaced with leak-proof rod materials. The electrical industry uses cold heading machines to manufacture cold heading rivets for electrical contacts. The most popular are solids and bimetals. In special cases, appliances also require custom cold pressed parts such as rivets and fasteners. Therefore, the above factors are expected to boost the demand for cold forming and cold heading market materials and increase the demand for cold forming and cold heading market in electrical applications. Therefore, this segment is expected to grow strongly in the coming years.

TABLE OF CONTENTS

1.1 Study Scope

1.2 Research Report Guidance

1.3 Market Segmentation

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4.1 Market Overview

4.2 PEST Analysis

4.2.1 North America

4.2.2 Europe

4.2.3 Asia Pacific

4.2.4 Middle East & Africa

4.2.5 South America

4.3 Ecosystem Analysis

4.4 Expert Opinion

Continued…

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