North America Cold Forming and Cold Heading Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Material (Aluminum, Alloy Steel, Stainless Steel, and Others) and Industry (Aerospace and Defense, Automotive, Industrial Equipment and Machinery, and Others)
The cold forming and cold heading in North America is expected to grow from US$ 3,706.83 million in 2022 to US$ 5,138.49 million by 2028. It is estimated to grow at a CAGR of 5.6% from 2022 to 2028.
Growing Demand Cold Forming and Cold Heading in Aerospace Industry
Professional cold heading machines, which support automated yarn rolling mills at all plants in the fastener industry, are widely used in the aircraft manufacturing process due to their ability to secure critical structural components and high tensile strength. With the demand for fuel-efficient and lightweight aircraft, there is a significant demand for lightweight, high-performance fasteners. Increasing demand for convenient, cost-effective, fast travel solutions and the rise in international air travel are a few of the fundamental factors supporting the growth of industrial fasteners in the aerospace industry. Increasing air traffic in North America is constantly boosting the market growth. Moreover, according to Select USA, North America's growing aircraft modernization program totals ~US$ 22 billion in foreign direct investment (FDI) in the US aerospace industry. Moreover, R&D innovations in the aerospace sector are driving the cold forming and cold heading market. Thus, growing demand of cold forming and cold heading in aerospace industry will drive the demand for cold forming and cold heading market.
Market Overview
Based on country, the North America cold forming and cold heading market is segmented into the US, Canada, and Mexico. North American countries such as the US and Canada have a presence of numerous aircraft & defense equipment, industrial equipment, and automotive manufacturers. A few of the major aerospace & defense players operating in the North American market include Boring, Lockheed Martin, General Atomics, and Textron Aviation. The increasing aircraft manufacturing initiatives by these companies are influencing the rise in demand for cold forming and cold heading solutions from the aerospace & defense sector. For instance, according to the Airbus GMF 2022 report, Airbus is expected to deliver a total of 6,990 aircraft in North America by 2041, out of which 82% will be single-aisle aircraft and 18% will be widebody aircraft. Thus, the rising aircraft manufacturing is expected to contribute to the North America cold forming and cold heading market growth over the forecast period. North America has the presence of several automotive manufacturers who are aggressively engaged in the manufacturing of advanced automobiles such as self-driven cars and electric vehicles. Increasing government initiatives to promote the production of EVs are further promoting automotive manufacturing activities across the region. For instance, the US federal government has announced an investment of US$ 3 billion for promoting the production of EVs and its batteries across the US. This investment is announced to achieve 50% of its auto sales from EVs by 2030 to reduce the country's carbon footprint across the region. Additionally, the rising investment by automobile manufacturers across the country to expand their product line and manufacturing base across the region is expected to contribute to the rise in the volume of vehicles manufactured in the region which will further increase the demand for various automobile components such as fasteners and valves. These factors are boosting the North America cold forming and cold heading market growth.
North America Cold Forming and Cold Heading Market Revenue and Forecast to 2028 (US$ Million)
North America Cold Forming and Cold Heading Market Segmentation
The North America cold forming and cold heading market is segmented into material, industry, and country.
- Based on material, the North America cold forming and cold heading market is segmented into aluminum, alloy steel, stainless steel, and others. The alloy steel segment registered the largest market share in 2022.
- Based on industry, the North America cold forming and cold heading market is segmented into aerospace and defense, automotive, industrial equipment and machinery, and others. The automotive segment held the largest market share in 2022.
- Based on country, the North America cold forming and cold heading market is segmented into the US, Canada, and Mexico. The US dominated the market share in 2022.
Altra Industrial Motion Corp; Bharat Forge; Buchanan Metal Forming Inc; Cold Heading Company; Cold-Flow Corporation; Deringer-Ney Inc; Fukui Byora Co., Ltd.; KALYANI FORGE; and STANLEY are the leading companies operating in the North America cold forming and cold heading market.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Cold Forming and Cold Heading Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. North America Cold Forming and Cold Heading Market – Key Industry Dynamics
5.1 Market Drivers
5.1.1 Growing Demand Cold Forming and Cold Heading in Aerospace Industry
5.1.2 Increasing Demand for Cold Forming and Cold Heading in Automotive Industry
5.2 Market Restraints
5.2.1 Cold Forming and Cold Heading Metalworking Requires Greater Forces
5.3 Market Opportunities
5.3.1 Rising Demand from Electrical & Construction Sector
5.4 Future Trends
5.4.1 Advancements in Cold Forming and Cold Heading
5.5 Impact Analysis of Drivers and Restraints
6. Cold Forming and Cold Heading Market – North America Analysis
6.1 North America Cold Forming and Cold Heading Market Overview
6.2 North America Cold Forming and Cold Heading Market Forecast and Analysis
7. North America Cold Forming and Cold Heading Market Analysis – By Material
7.1 Overview
7.2 North America Cold Forming and Cold Heading Market, by Material (2021 and 2028)
7.3 Aluminium
7.3.1 Overview
7.3.2 Aluminium: North America Cold Forming and Cold Heading Market– Revenue and Forecast to 2028 (US$ Million)
7.4 Alloy Steel
7.4.1 Overview
7.4.2 Alloy Steel: North America Cold Forming and Cold Heading Market– Revenue and Forecast to 2028 (US$ Million)
7.5 Stainless Steel
7.5.1 Overview
7.5.2 Stainless Steel: North America Cold Forming and Cold Heading Market– Revenue and Forecast to 2028 (US$ Million)
7.6 Others
7.6.1 Overview
7.6.2 Others: North America Cold Forming and Cold Heading Market– Revenue and Forecast to 2028 (US$ Million)
8. North America Cold Forming and Cold Heading Market Analysis – By Industry
8.1 Overview
8.2 North America Cold Forming and Cold Heading Market, by Industry (2021 and 2028)
8.3 Aerospace and Defence
8.3.1 Overview
8.3.2 Aerospace and Defence: North America Cold Forming and Cold Heading Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Automotive
8.4.1 Overview
8.4.2 Automotive: North America Cold Forming and Cold Heading Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Industrial equipment and Machinery
8.5.1 Overview
8.5.2 Industrial equipment and Machinery: North America Cold Forming and Cold Heading Market – Revenue and Forecast to 2028 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: North America Cold Forming and Cold Heading Market – Revenue and Forecast to 2028 (US$ Million)
9. North America Cold Forming and Cold Heading Market – Country Analysis
9.1 Overview
9.1.1 North America: Cold Forming and Cold Heading Market, by Key Country
9.1.1.1 US: Cold Forming and Cold Heading Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 US: Cold Forming and Cold Heading Market, by Material
9.1.1.1.2 US: Cold Forming and Cold Heading Market, by Industry
9.1.1.2 Canada: Cold Forming and Cold Heading Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 Canada: Cold Forming and Cold Heading Market, by Material
9.1.1.2.2 Canada: Cold Forming and Cold Heading Market, by Industry
9.1.1.3 Mexico: Cold Forming and Cold Heading Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 Mexico: Cold Forming and Cold Heading Market, by Material
9.1.1.3.2 Mexico: Cold Forming and Cold Heading Market, by Industry
10. Industry Landscape
10.1 Overview
10.2 Merger and Acquisition
11. Company Profiles
11.1 STANLEY
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Altra Industrial Motion Corp.
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 KALYANI FORGE
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Bharat Forge
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Cold-Flow Corporation
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Deringer-Ney Inc
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Buchanan Metal Forming Inc
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Fukui Byora Co., Ltd.
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 Cold Heading Company
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Word Index
LIST OF TABLES
Table 1. North America Cold Forming and Cold Heading Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. US: Cold Forming and Cold Heading Market, by Material –Revenue and Forecast to 2028 (US$ Million)
Table 3. US: Cold Forming and Cold Heading Market, by Industry –Revenue and Forecast to 2028 (US$ Million)
Table 4. Canada: Cold Forming and Cold Heading Market, by Material– Revenue and Forecast to 2028 (US$ Million)
Table 5. Canada: Cold Forming and Cold Heading Market, by Industry – Revenue and Forecast to 2028 (US$ Million)
Table 6. Mexico: Cold Forming and Cold Heading Market, by Material– Revenue and Forecast to 2028 (US$ Million)
Table 7. Mexico: Cold Forming and Cold Heading Market, by Industry – Revenue and Forecast to 2028 (US$ Million)
Table 8. List of Abbreviation
LIST OF FIGURES
Figure 1. North America Cold Forming and Cold Heading Market Segmentation
Figure 2. North America Cold Forming and Cold Heading Market Segmentation – By Country
Figure 3. North America Cold Forming and Cold Heading Market Overview
Figure 4. Alloy Steel Segment held the Largest Share of North America Cold Forming and Cold Heading Market
Figure 5. Automotive Segment held the Largest Share of North America Cold Forming and Cold Heading Market
Figure 6. US to Show Great Traction During Forecast Period
Figure 7. North America– PEST Analysis
Figure 8. Ecosystem Analysis: North America Cold Forming and Cold Heading Market
Figure 9. Expert Opinion
Figure 10. North America Cold Forming and Cold Heading Market: Impact Analysis of Drivers and Restraints
Figure 11. North America Cold Forming and Cold Heading Market Forecast and Analysis (US$ Million)
Figure 12. North America Cold Forming and Cold Heading Market Revenue Share, by Material (2021 and 2028)
Figure 13. Aluminum: North America Cold Forming and Cold Heading Market– Revenue and Forecast to 2028 (US$ Million)
Figure 14. Alloy Steel: North America Cold Forming and Cold Heading Market– Revenue and Forecast to 2028 (US$ Million)
Figure 15. Stainless Steel: North America Cold Forming and Cold Heading Market– Revenue and Forecast to 2028 (US$ Million)
Figure 16. Others: North America Cold Forming and Cold Heading Market– Revenue and Forecast to 2028 (US$ Million)
Figure 17. North America Cold Forming and Cold Heading Market Revenue Share, by Industry (2021 and 2028)
Figure 18. Aerospace and Defense: North America Cold Forming and Cold Heading Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Automotive: North America Cold Forming and Cold Heading Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Industrial equipment and Machinery: North America Cold Forming and Cold Heading Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Others: North America Cold Forming and Cold Heading Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. North America: Cold Forming and Cold Heading Market, by key Country – Revenue (2021) (US$ Million)
Figure 23. North America: Cold Forming and Cold Heading Market Revenue Share, by Key Country (2021 and 2028)
Figure 24. US: Cold Forming and Cold Heading Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Canada: Cold Forming and Cold Heading Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Mexico: Cold Forming and Cold Heading Market – Revenue and Forecast to 2028 (US$ Million)
- Altra Industrial Motion Corp
- Bharat Forge
- Buchanan Metal Forming Inc
- Cold Heading Company
- Cold-Flow Corporation
- Deringer-Ney Inc
- Fukui Byora Co., Ltd.
- KALYANI FORGE
- STANLEY
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America Cold Forming and Cold Heading Market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the North America Cold Forming and Cold Heading Market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth North America market trends and outlook coupled with the factors driving the Cold Forming and Cold Heading Market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution