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.
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.
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 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.
Table of Contents
1. Introduction
3. Research Methodology
4. MEA Cold Forming and Cold Heading Market Landscape
5. MEA Cold Forming and Cold Heading Market - Key Industry Dynamics
6. Cold Forming and Cold Heading Market - MEA Analysis
7. MEA Cold Forming and Cold Heading Market Analysis By Type
8. MEA Cold Forming and Cold Heading Market Analysis By Industry
9. MEA Cold Forming and Cold Heading Market - Country Analysis
10. Industry Landscape
11. Company Profiles
12. Appendix
List of Tables
List of Figures
Companies Mentioned
- Altra Industrial Motion Corp
- Bharat Forge
- KALYANI FORGE
- STANLEY
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 83 |
| Published | October 2022 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 904.39 Million |
| Forecasted Market Value ( USD | $ 1011.3 Million |
| Compound Annual Growth Rate | 1.9% |
| Regions Covered | Africa, Middle East |
| No. of Companies Mentioned | 4 |
