Cold Heading Machine Market, By Technique (Upsetting and Extrusion), By End-User Industry (Automotive, Electrical and Electronics, Industrial, Aerospace and Defense, and Other End-user Industries), and By Geography (Asia-Pacific , North America, Europe, South America, Middle East & Africa)- Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030
Cold Heading Machines are used to produce metal parts in a wide variety of industries. These machines produce metal blanks into finished parts in a quick and efficient manner. Unlike traditional machining, cold heading maintains tolerances as close as +/-.002'', making it a much more precise way to produce parts. Along with this maintaining quality, cold heading minimizes material loss. This process is usually performed in conjunction with other cold forming techniques. Using a cold heading machine eliminates the need for nuts and washers, while preserving the overall tensile strength of the steel.
Market Dynamics:
The rising demand for electrical goods is boosting the demand for cold heading machines. Another factor contributing to the growth of the global cold heading machine market is the growing need to produce internally threaded fasteners. Moreover, the continued expansion of India's economy is expected to provide a further boost to the need for cold heading machining equipment in the coming years, which in turn is anticipated to propel growth of the market.
However, high cost and decline in automotive industry is expected to hamper growth of the global cold heading machine market over the forecast period.
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