USD 41.7 Billion
Metal Forming Machine Tools Market Size, Share, and Growth Analysis
Metal Forming Machine Tools By Type (Computerized Numerical Control, Conventional), By End-User (Automotive, Industrial Machinery), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG20I2290 |
Region:
Global |
Published Date: December, 2024
Pages:
202
|Tables:
91
|Figures:
68
Format -
Metal Forming Machine Tools Market Insights
Metal Forming Machine Tools Market size was valued at USD 41.7 Billion in 2023 and is poised to grow from USD 43.91 Billion in 2024 to USD 51.27 Billion by 2032, growing at a CAGR of 5.3% during the forecast period (2025-2032).
Metal forming machine tools are considered as the equipment, which supports in providing shapes to the metal work pieces, by the processes like bending, strapping, etc. Various industries make use of these machine tools for the creation of metal components with precise shapes. The major driver that propels the growth of the market is the rise in the integration of Industry 4.0 solutions. As, the incorporation of advanced technologies into machine tools, helps in bringing advancement to these tools, which further enhances their efficiency as well as productivity. This further results in its higher adoption rate. The major restraint in the market is the fluctuations in the prices of the raw materials. The main raw material that is used to produce out is steel, and further, it is extracted from iron ore. Industries usually face fluctuations in the prices of iron ore, this further affects the pricing strategy of steel and subsequently of metal-forming machine tools. This can limit the growth of the metal forming machine tools market.
The predominant trend in the market is the integration of additive manufacturing technologies. The manufacturers of metal forming machine tools leverage this trend by adopting 3D printing technology and other tools. This further helps the manufacturers to form complex designs on the machine tools and able to minimize waste.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Automotive
Fastest Growth
Automotive
Growth Rate
5.3% CAGR
Global Metal Forming Machine Tools Market ($ Bn)
Country Share for Asia-Pacific Region (%)
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Metal Forming Machine Tools Market Segments Analysis
Global Metal Forming Machine Tools Market is segmented by type, end-user and region. Based on type, the market is segmented into computerized numerical control and conventional. Based on end-user, the market is segmented into Automotive, Industrial Machinery, Transportation, Precision Engineering and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Analysis by Type
Conventional metal-forming machine tools dominate the global metal forming machine tools market. This is attributed to the widespread availability and versatility of conventional machine tools. Further, these machine tools have established their effectiveness in various sectors and also offer economical metal shaping solutions. Mainly, the familiarity with the operations and maintenance of conventional machine tools marks its dominance in the global metal forming machine tools market.
Computerized numerical control (CNC) is considered the fastest-growing sub-segment during the forecast period. This is attributed to the growing demand for CNC among various industries like the automobile industry, electronics, and consumer durables because CNC is very helpful in precise cuts and angles in many workpieces at various levels. Alongside, CNC machines are highly useful in reducing production costs, minimizing waste, and enhancing work safety.
Analysis by End-User
The automotive industry dominates the global metal forming machine tools market. This is fuelled by the technological advancements that are taking place in the automotive sector like lightweight vehicles, automated vehicles, electrified vehicles, etc. Alongside, there is also a rise in the demand for driverless cars which are resource efficient. Further, factors like low fuel prices and low interest are also resulting in the growth of the automobile sector. In the automotive industry, the adoption rate of metal-forming machine tools is also higher to produce door suspension, crankshafts, pistons, etc.
The precision engineering sub-segment is considered the fastest growing during the forecast period. This is owned by the growing inclination of industrial equipment manufacturers towards the production of tools that are high performing as well as provide precision. Apart from this, it has been analysed that every sector has its specific need, and to fulfil it, they require specific solutions. Therefore, there is a growing demand for personalized precision equipment as well.
Global Metal Forming Machine Tools Market By End-User
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Metal Forming Machine Tools Market Regional Insights
The Asia-Pacific region dominates the global metal forming machine tools market. APAC region constitutes countries like India, China, Indonesia, and Malaysia and these are the robust emerging construction markets. The APAC construction market reached USD 5.46 trillion in 2021. This is further, fuelled by the rise in the residential as well as non-residential construction activities in the Asia-Pacific region.
The North America is considered as the second-largest market of metal forming machine tools. This is attributed to the growing demand for metal fabrication in the US, due to its diverse applications, mainly automotive and electronics. Further, the North American region has robust industrial sectors, which have a great demand for machine tools. So, this also results in the growth of the market in the North American region. Moreover, an agreement was signed among the United States, Mexico, and Canada, this will result in the international steel trade in Mexico and thus, propel the growth of metal forming machine tools market in Latin America.
Global Metal Forming Machine Tools Market By Geography
- Largest
- Fastest
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Metal Forming Machine Tools Market Dynamics
Metal Forming Machine Tools Market Drivers
Increasing metal fabrication demand
- Various industries like automotive, electronics, aerospace, etc, require fabricated metals, from the parts of the airplane to the office supplies. Further, the rise in industrial activities has been witnessed in emerging countries like China and India, resulting in the growth of steel fabrication. Worldwide, the increase in construction activities has been analyzed, which results in the higher usage of steel fabrication for the production of structured steel pipes and tubes. This continuous demand for metal fabrication, results in the growth of the market.
Rise in integration of the industry 4.0 solutions
- Many industries are inclined towards the adoption of advanced technologies, which further support industries, to improve their productivity, help in fostering resource optimization, and in reducing the cost of operations. This is achieved by the industries by bringing efficiency, automation, and precision to the metal forming machine tools, and by incorporating advanced digital technologies into it. This results in the higher adoption of these advanced machine tools, thus propelling the growth of the market.
Metal Forming Machine Tools Market Restraints
High initial investment
- The setting up of a metal-forming machinery manufacturing unit requires certain initial investments which include the cost of the equipment, latest technologies, labor costs, etc. This can further, deter small businesses, from fostering the upgradation of their machinery, due to which they find it difficult to compete with technologically advanced industries.
Fluctuations in the prices of raw materials
- The main raw materials that are being used in the manufacturing of the machine tools are steel, iron, titanium, aluminum, copper, brass, and other alloys. The main raw material that has great demand in the manufacturing of machine tools is steel scrap. Further, the demand for the steel scrap is majorly influenced by the iron ore’s price volatility. So, the factors like major share of the raw materials cost and the fluctuations in the raw materials prices, further disrupt the pricing of the machine tools. This further, has a negative influence on the market’s growth.
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Metal Forming Machine Tools Market Competitive Landscape
The global metal forming machine tools market is highly competitive. The prominent players in the market are mainly emphasizing mergers and acquisitions to improve the product portfolio. In 2018, the acquisition was fostered by the Amada Holdings Co. Ltd of Marvel Manufacturing, Inc., which is a US-based manufacturer of metal cutting blades and machines. The purpose of this acquisition is to establish a strong presence in the market. Apart from this, the organizations are also focusing on developing new products by adopting advanced digital technologies and by investing in the research and development area. Some of the major companies present in the metal forming machine tools market are:
Top Players in Metal Forming Machine Tools Market
- Amada Co. Ltd.
- TRUMPF Group
- Komatsu Ltd.
- Yamazaki Mazak Corporation
- DMG Mori Seiki Co. Ltd.
- Okuma Corporation
- Schuler AG
- JTEKT Corporation
- Makino Milling Machine Co. Ltd.
- Dalian Machine Tool Group
- Shenyang Machine Tool Group
- Doosan Machine Tools Co., Ltd.
- Gleason Corporation
- MAG IAS GmbH
- Colchester Machine Tool Solutions
- Haas Automation, Inc.
- Taiwan Takisawa Technology Co., Ltd.
- Murata Machinery, Ltd.
- Bystronic AG
- Hyundai WIA Corporation
Recent Developments
- In October 2023, Hyundai WIA, an organization that specializes in the manufacturing of precision machine tools partnered with Mecaer Aviation Group, which specializes in the manufacturing of aerospace-grade landing gear systems. The purpose of this collaboration is to foster innovation and high safety standards in the aerospace industry.
- In July 2023, The prominent players, Mitsubishi Corp Technos and Sumitomo Electrics collaborated for the contract manufacturing of mass production parts, mainly in the automobile and industrial machinery industry, by making use of the metal 3D printers.
- In December 2022, TRUMPF established a strategic partnership with STOPA which is a leading automated storage systems manufacturer. The purpose of this collaboration is to provide smart-factory solutions, which includes the open interfaces from umati and open locating standards from omlox.
Metal Forming Machine Tools Key Market Trends
- Incorporation of additive manufacturing technologies: The trend in the metal forming machine tools market is the incorporation of additive manufacturing technologies like 3D printing, and other tools. Through this, the manufacturers can be able to great designs for the machine tools, minimize waste, and provide the capability to produce complex geometries with enhanced efficacy. Further, the additive technologies also offer the customization of the metal forming machine tools, in this way the manufacturers can cater the growing specific needs of the end-users. This further fosters a high adoption rate of metal-forming machine tools among various industries, and thus, drives the growth of the market.
Metal Forming Machine Tools Market SkyQuest Analysis
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Coordinates, and Analyses the Data collected using Primary Exploratory Research backed by robust Secondary Desk research.
According to our global Metal Forming Machine Tools market analysis, the market is witnessing significant growth driven by factors such as the increasing fabrication demand and the integration of Industry 4.0 solutions. There is a growing demand for fabricated steel in the construction industry, so this drives the growth of the market. On the other hand, incorporation of the advanced technologies helps in bringing advancement to machine tools. This increases the adoption rate of metal-forming machine tools. The restraints of the market are high initial investments and fluctuations in the prices of raw materials. The Asia-Pacific is the dominant region, due to the rise in the construction activities in the major countries. On the other hand, North America is the second largest market for metal-forming machine tools, due to the growing demand for metal fabrication, mainly in the US. The major trend in the market is the incorporation of additive manufacturing technologies, through this the manufacturers can improve the designing and efficiency of machine tools as well as minimize waste.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 41.7 Billion |
| Market size value in 2032 | USD 51.27 Billion |
| Growth Rate | 5.3% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Metal Forming Machine Tools Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Metal Forming Machine Tools Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Metal Forming Machine Tools Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Metal Forming Machine Tools Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Metal Forming Machine Tools Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Metal Forming Machine Tools Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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