South America Cold Forming and Cold Heading Market

The cold forming and cold heading in South America is expected to grow from US$ 872.90 million in 2022 to US$ 929.30 million by 2028. It is estimated to grow at a CAGR of 1.0% 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. 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 South America cold forming and cold heading market is segmented into Brazil, Argentina, and the rest of South America. The aerospace & defense industry in South America has grown rapidly over the last decade. The presence of aircraft and defense equipment manufacturers such as Airbus, Embraer SA, Boeing, Bombardier Inc., and Lockheed Martin Corporation across the region is contributing to the rise in aircraft manufacturing volume of the region, which will contribute to the rise in demand for cold forming and cold heading solutions. For instance, in November 2021, Embraer SA announced a contract to supply six E175 commercial aircraft to Overland Airways from Nigeria. Similarly, in June 2022, the company also announced a contract to convert 10 E-Jets into freighter aircraft for an anonymous customer. These factors are expected to contribute to the rise in demand for cold forming and cold heading solutions from the South American aerospace & defense sector, thereby contributing to the market growth over the years. South American countries such as Brazil and Argentina have a rich presence of medical equipment manufacturers. The constantly growing healthcare infrastructure across the region is boosting the medical equipment manufacturing volume over the years. A few of the market players producing medical equipment across the region include Dabi Atlante, Ibramed, Fanem, and Biomecanica. Increasing initiatives by these companies to expand their global market share are further expected to contribute to the growth of the cold forming and cold heading market. Further, government initiatives to promote global companies to expand their consumer electronic and industrial equipment manufacturing plants across the region are expected to boost the demand for cold forming and cold heading solutions in South America over the forecast period.

 South America Cold Forming and Cold Heading Market Revenue and Forecast to 2028 (US$ Million)

South America Cold Forming and Cold Heading Market Segmentation 

The South America cold forming and cold heading market is segmented into material, industry, and country.

• Based on material, the South 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 South 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 South America cold forming and cold heading market is segmented into Brazil, Argentina, and the rest of South America. Brazil dominated the market share in 2022.  

Altra Industrial Motion Corp; Bharat Forge; KALYANI FORGE; and STANLEY are the leading companies operating in the South America cold forming and cold heading market.   

South America Cold Forming and Cold Heading Market Strategic Insights

South America Cold Forming and Cold Heading Market Segmentation Analysis

South America Cold Forming and Cold Heading Market Report Highlights

South America Cold Forming and Cold Heading Report Scope

South America Cold Forming and Cold Heading Market Country and Regional Insights