Global Cold Forging Machine Market Anticipated to Grow at a CAGR of 5.2% (2016-2024)
According to Goldstein Research, global cold forging machine market is expected to reach USD 1.44 billion by the end of 2024, growing at a CAGR of 7.0%. High accuracy, high volume and simple shapes can be obtained by using cold forging machine, thus driving the growth of the market. Global cold forging machine market segmentation has been done on the basis of product type, application and geography. The maximum utilization of raw materials and the lightweight components helps to achieve maximum cost and time benefits. Automotive industry and other manufacturing industries are towards innovation of cold forging machines as they are an integral part of the processes. Global cold forging machine market is largely dominated by Asia-Pacific region on account of infrastructure development and growing automotive industry, which major contributors of forging industry. Europe and North America being Mature regions have slower growth rate. Market Segmentation On the basis of our in-depth analysis, Global Cold Forging Machine Market can be segmented as follows: • Based on Product Type o 2-Die Station o 3-Die Station o 4-Die Station o 5-Die Station o 6-Die Station o Other Cold Forging Machines (1-Die Station, 7-Die Station) • Based on Application o Fastener o Shaped Pieces • On the basis of region o North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)} o Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)} o Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)} o Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)} o Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)} o Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
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