Market Dynamics:
One of the primary drivers contributing to the growth of global cold heading machine market includes increasing demand from automotive industry. Cold headed parts such as bolts, pins, and rivets are widely used in automotive chassis, engine parts, and other components. Rising automotive production around the world is expected to drive the demand for cold heading machines over the forecast period. According to International Organization of Motor Vehicle Manufacturers, global vehicle production increased from 93.3 million units in 2020 to 94.7 million units in 2021. Rapid industrialization and growth of end use industries such as electronics, aerospace, and construction is also expected to boost the demand for cold headed parts, thereby fueling the cold heading machine market growth during the forecast period.

Key Takeaways

The Global Cold Heading Machine Market Size is expected to witness high growth over the forecast period of 2023 to 2030 supported by the expanding automotive industry worldwide. Regional analysis shows that Asia Pacific currently dominates the market and is expected to maintain its lead position with the fastest growth due to growing automobile production in China and India. Key players in the region include Yeswin Machinery Co. Ltd, Chun Zu Machinery Industry Co. Ltd. and Sijin Intelligent Forming Machinery Co. Ltd.

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