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Middle East & Africa 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)
- Report Code : BMIRE00026954
- Pages : 83
The cold forming and cold heading in Middle East & Africa is expected to grow from US$ 904.39 million in 2022 to US$ 1,011.30 million by 2028. It is estimated to grow at a CAGR of 1.9% from 2022 to 2028.
Advancements in Cold Forming and Cold Heading
Heads and cold-forming machines have become more advanced. For example, a machine currently manufactured with five or more dies. A function that enables the production of long parts and short parts. Adjustments change the timing of cutter blades, feed strokes, transfers, and kick-outs function. CNC control provides operators immediate access to production data. Quick change setup allows for both punch and die components. It can be setup and customized offline and requires minimum production time. A multi-station cutter that performs stationary and extruded cold-forming operations is also significantly increasing headline production rate and capacity. Increasing knowledge of metallurgy will allow heading and cold to form stronger material. Manufacturers of special alloys, such as carpenters, can control the analysis and production of varieties more accurately to meet them. With higher corrosion resistance, Starch on the headboard. It is now possible to have a specific AISI if good cold forming characteristics and consistent performance are desired. Grades are manufactured within controlled analytical limits to improve cold formability and secondary machining operations. In other cases, the analysis has been modified for cold working to manufacture a particular fastener draft economically.
Market Overview
Based on country, the Middle East & Africa (MEA) cold forming and cold heading market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of MEA. The region has a presence of several regional and global manufacturers of industrial machinery, construction machinery, and medical device manufacturers. A few of the major industrial machinery manufacturers operating across the region include NAFFCO, AL MARWAN EQUIPMENT, Borets, Quality International Company, Al-Bahar, and Technical Metal Industrial. Rising initiatives by these regional manufacturers and investment of global manufacturers to set up their production plants across the region are contributing to the growth of the MEA cold forming and cold heading market. For instance, in September 2019, Pryotek Inc. announced the development of its new manufacturing plant in Dubai. This plant was built to enhance its distribution channel across the Middle East & Africa. Thus, the rise in industrial machinery and equipment manufacturers across the region is boosting the demand for cold forming and cold heading solutions, thereby contributing to the market growth over the years. for integrating the various components used inside the machinery. The automotive industry in Africa has experienced rapid growth over the last decade. With the rising cost of raw materials and labor across the Europe, African countries such as Morocco, Angola, Ethiopia, Ghana, Kenya, Namibia, Nigeria, and Rwanda are experiencing a rise in investment by global automotive manufacturers to set up their production plants. For instance, in September 2021, Stellantis announced the opening of its small electric car manufacturing plant in Morocco with a production capacity of 200,000 vehicles annually. Daimler and BMW are other automotive players accounting for over 90% of the region’s total passenger vehicle production.
Middle East & Africa Cold Forming and Cold Heading Market Revenue and Forecast to 2028 (US$ Million)
Middle East & Africa Cold Forming and Cold Heading Market Segmentation
The Middle East & Africa cold forming and cold heading market is segmented into material, industry, and country.
Based on material, the Middle East & Africa 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 Middle East & Africa 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 Middle East & Africa cold forming and cold heading market is segmented into South Africa, Saudi Arabia, the UAE, and the rest of Middle East & Africa. South Africa dominated the market share in 2022.
Altra Industrial Motion Corp; Bharat Forge; KALYANI FORGE; and STANLEY are the leading companies operating in the Middle East & Africa cold forming and cold heading market.
TABLE OF CONTENTS
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. MEA Cold Forming and Cold Heading Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 MEA
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. MEA 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 Rising 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 – MEA Analysis
6.1 MEA Cold Forming and Cold Heading Market Overview
6.2 MEA Cold Forming and Cold Heading Market Forecast and Analysis
7. MEA Cold Forming and Cold Heading Market Analysis By Type
7.1 Overview
7.2 MEA Cold Forming and Cold Heading Market, by Material (2021 and 2028)
7.3 Aluminium
7.3.1 Overview
7.3.2 Aluminium: MEA 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: MEA 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: MEA Cold Forming and Cold Heading Market– Revenue and Forecast to 2028 (US$ Million)
7.6 Others
7.6.1 Overview
7.6.2 Others: MEA Cold Forming and Cold Heading Market– Revenue and Forecast to 2028 (US$ Million)
8. MEA Cold Forming and Cold Heading Market Analysis By Industry
8.1 Overview
8.2 MEA 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: MEA Cold Forming and Cold Heading Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Automotive
8.4.1 Overview
8.4.2 Automotive: MEA 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: MEA Cold Forming and Cold Heading Market – Revenue and Forecast to 2028 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: MEA Cold Forming and Cold Heading Market – Revenue and Forecast to 2028 (US$ Million)
9. MEA Cold Forming and Cold Heading Market – Country Analysis
9.1 Overview
9.1.1 MEA: Cold Forming and Cold Heading Market, by Key Country
9.1.1.1 South Africa: Cold Forming and Cold Heading Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 South Africa: Cold Forming and Cold Heading Market, by Material
9.1.1.1.2 South Africa: Cold Forming and Cold Heading Market, by Industry
9.1.1.2 Saudi Arabia: Cold Forming and Cold Heading Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 Saudi Arabia: Cold Forming and Cold Heading Market, by Material
9.1.1.2.2 Saudi Arabia: Cold Forming and Cold Heading Market, by Industry
9.1.1.3 UAE: Cold Forming and Cold Heading Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 UAE: Cold Forming and Cold Heading Market, by Material
9.1.1.3.2 UAE: Cold Forming and Cold Heading Market, by Industry
9.1.1.4 Rest of MEA: Cold Forming and Cold Heading Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.4.1 Rest of MEA: Cold Forming and Cold Heading Market, by Material
9.1.1.4.2 Rest of MEA: 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
12. Appendix
12.1 About The Insight Partners
12.2 Word Index
LIST OF TABLES
Table 1. MEA Cold Forming and Cold Heading Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. South Africa: Cold Forming and Cold Heading Market, by Material– Revenue and Forecast to 2028 (US$ Million)
Table 3. South Africa: Cold Forming and Cold Heading Market, by Industry– Revenue and Forecast to 2028 (US$ Million)
Table 4. Saudi Arabia: Cold Forming and Cold Heading Market, by Material– Revenue and Forecast to 2028 (US$ Million)
Table 5. Saudi Arabia: Cold Forming and Cold Heading Market, by Industry – Revenue and Forecast to 2028 (US$ Million)
Table 6. UAE: Cold Forming and Cold Heading Market, by Material– Revenue and Forecast to 2028 (US$ Million)
Table 7. UAE: Cold Forming and Cold Heading Market, by Industry– Revenue and Forecast to 2028 (US$ Million)
Table 8. Rest of MEA: Cold Forming and Cold Heading Market, by Material– Revenue and Forecast to 2028 (US$ Million)
Table 9. Rest of MEA: Cold Forming and Cold Heading Market, by Industry – Revenue and Forecast to 2028 (US$ Million)
Table 10. List of Abbreviation
LIST OF FIGURES
Figure 1. MEA Cold Forming and Cold Heading Market Segmentation
Figure 2. MEA Cold Forming and Cold Heading Market Segmentation – By Country
Figure 3. MEA Cold Forming and Cold Heading Market Overview
Figure 4. Alloy Steel Segment held the Largest Share of MEA Cold Forming and Cold Heading Market
Figure 5. Automotive Segment held the Largest Share of MEA Cold Forming and Cold Heading Market
Figure 6. South Africa to Show Great Traction During Forecast Period
Figure 7. MEA – PEST Analysis
Figure 8. Ecosystem Analysis: MEA Cold Forming and Cold Heading Market
Figure 9. Expert Opinion
Figure 10. MEA Cold Forming and Cold Heading Market: Impact Analysis of Drivers and Restraints
Figure 11. MEA Cold Forming and Cold Heading Market Forecast and Analysis (US$ Million)
Figure 12. MEA Cold Forming and Cold Heading Market Revenue Share, by Material (2021 and 2028)
Figure 13. Aluminum: MEA Cold Forming and Cold Heading Market– Revenue and Forecast to 2028 (US$ Million)
Figure 14. Alloy Steel: MEA Cold Forming and Cold Heading Market– Revenue and Forecast to 2028 (US$ Million)
Figure 15. Stainless Steel: MEA Cold Forming and Cold Heading Market– Revenue and Forecast to 2028 (US$ Million)
Figure 16. Others: MEA Cold Forming and Cold Heading Market– Revenue and Forecast to 2028 (US$ Million)
Figure 17. MEA Cold Forming and Cold Heading Market Revenue Share, by Industry (2021 and 2028)
Figure 18. Aerospace and Defense: MEA Cold Forming and Cold Heading Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Automotive: MEA Cold Forming and Cold Heading Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Industrial equipment and Machinery: MEA Cold Forming and Cold Heading Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Others: MEA Cold Forming and Cold Heading Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. MEA: Cold Forming and Cold Heading Market, by key Country– Revenue (2021) (US$ Million)
Figure 23. MEA: Cold Forming and Cold Heading Market Revenue Share, by Key Country (2021 and 2028)
Figure 24. South Africa: Cold Forming and Cold Heading Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Saudi Arabia: Cold Forming and Cold Heading Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. UAE: Cold Forming and Cold Heading Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Rest of MEA: Cold Forming and Cold Heading Market – Revenue and Forecast to 2028 (US$ Million)
● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Middle East & Africa 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 Middle East & Africa 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 Middle East & Africa 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
The List of Companies – Middle East & Africa Cold Forming and Cold Heading Market
● Altra Industrial Motion Corp
● Bharat Forge
● KALYANI FORGE
● STANLEY
At 1.9% CAGR, the Middle East & Africa Cold Forming and Cold Heading Market is speculated to be worth US$ 1,011.30 million by 2028, says The Insight Partners
According to The Insight Partners’ research, the Middle East & Africa cold forming and cold heading market was valued at US$ 904.39 million in 2022 and is expected to reach US$ 1,011.30 million by 2028, registering an annual growth rate of 1.9% from 2022 to 2028. The growing demand cold forming and cold heading in aerospace industry and advancements in cold forming and cold heading are the critical factors attributed to the market expansion.
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.
On the contrary, cold forming and cold heading metalworking requires greater forces hurdles the growth of Middle East & Africa cold forming and cold heading market.
Based on material, the Middle East & Africa cold forming and cold heading market is segmented into aluminum, alloy steel, stainless steel, and others. The alloy steel segment held 45.5% market share in 2022, amassing US$ 411.71 million. It is projected to garner US$ 453.50 million by 2028 to expand at 1.6% CAGR during 2022–2028.
Based on industry, the Middle East & Africa cold forming and cold heading market is segmented into aerospace and defense, automotive, industrial equipment and machinery, and others. The automotive segment held 57.0% market share in 2022, amassing US$ 515.84 million. It is projected to garner US$ 595.96 million by 2028 to expand at 2.4% CAGR during 2022–2028.
Based on country, the Middle East & Africa cold forming and cold heading market is segmented into South Africa, Saudi Arabia, the UAE, and the rest of Middle East & Africa. Our regional analysis states that South Africa captured 44.4% market share in 2022. It was assessed at US$ 401.94 million in 2022 and is likely to hit US$ 467.22 million by 2028, exhibiting a CAGR of 2.5% during the forecast period.
Key players dominating the Middle East & Africa cold forming and cold heading market are Altra Industrial Motion Corp; Bharat Forge; KALYANI FORGE; and STANLEY among others.
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