Cold Forging Machine Market Size, Share, Growth, and Industry Analysis, By Type (2-Die Station,3-Die Station,4-Die Station,5-Die Station,6-Die Station,Other (1-Die Station, 7-Die Station)), By Application (Fastener,Shaped Pieces), Regional Insights and Forecast to 2033

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Cold Forging Machine Market Overview

The Cold Forging Machine Market size was valued at USD 1937.75 million in 2024 and is expected to reach USD 2543.05 million by 2033, growing at a CAGR of 3.1% from 2025 to 2033.

The cold forging machine market has evolved as a critical segment of the global metal forming industry, playing an integral role in the production of high-strength precision components used across automotive, aerospace, industrial machinery, and construction sectors. In 2023, over 41,000 cold forging machines were installed globally, reflecting increasing demand for high-efficiency manufacturing techniques. These machines operate at ambient temperatures, reducing energy consumption by 30% compared to hot forging methods.

More than 72% of cold forging machines installed in 2023 were deployed in automotive manufacturing, contributing to the production of fasteners, shafts, and gear components. Leading manufacturers have focused on enhancing press capacity, with machines exceeding 3,000 kN becoming standard in modern production lines. Asia-Pacific remains the dominant production hub, accounting for over 58% of global cold forging machine output. The adoption of automated die change systems and servo-motor integrations has increased productivity by 25% in precision forging lines. As industries aim for lower scrap generation and reduced cycle time, cold forging technology continues to replace traditional machining in several applications. Demand for modular and multi-die cold forging systems is expected to rise steadily due to growing customization in component geometry.

 

Key Findings

DRIVER: Surge in automotive and industrial demand for high-strength components with minimal material waste.

COUNTRY/REGION: China leads the global market in both production and consumption of cold forging machines, contributing over 38% of installations.

SEGMENT: The 5-Die Station cold forging machine segment holds the top position due to its efficiency in complex multi-step forming processes.

Cold Forging Machine Market Trends

Cold forging machine market trends indicate a transition toward automation, high-precision forming, and multi-station productivity. In 2023, more than 60% of newly commissioned machines were equipped with CNC and PLC-based control systems. This shift has enabled real-time performance monitoring and minimized downtime. The adoption of digital twin technologies for die simulation and deformation modeling has increased by 22% over the last year, allowing manufacturers to predict machine performance under varying load conditions.

Advanced lubrication systems are another major trend, with over 45% of cold forging lines in Japan and Germany incorporating closed-loop lubrication to reduce die wear by up to 40%. In addition, noise reduction technologies and integrated scrap collection mechanisms have been implemented across 30% of new installations. The rise in demand for electric vehicle components such as rotor shafts and drive units has fueled the need for precision cold forging machines. Over 700 new cold forging setups dedicated to EV component manufacturing were established globally in 2023.

The development of high-speed multi-die systems, with operational speeds exceeding 250 parts per minute, is gaining traction among tier-1 automotive suppliers. Companies in India and South Korea have seen production efficiency rise by over 18% year-on-year due to these new technologies. Cold forging is now replacing machining in over 55% of parts that require dimensional accuracy below 0.01 mm, especially in the aerospace fasteners and medical device sectors. These advancements highlight the market’s alignment with Industry 4.0 trends and sustainable manufacturing goals.

Cold Forging Machine Market Dynamics

The cold forging machine market operates within a dynamic landscape shaped by global industrialization, evolving manufacturing demands, and technological innovations. In 2023, more than 70 countries imported cold forging machines, with leading shipments to the U.S., India, Germany, and Brazil. Localized manufacturing in Southeast Asia saw a 12% increase due to government initiatives promoting industrial automation.

Cold forging machines help reduce raw material wastage by over 50% compared to conventional cutting methods. They enable the manufacture of parts with increased tensile strength, up to 25% higher than those produced via machining. The shift toward lightweighting in automotive and aerospace industries has led to a 17% increase in demand for near-net-shape parts made through cold forging. Industries are now investing in R&D to develop forging machines compatible with difficult-to-deform materials like titanium alloys and advanced high-strength steel (AHSS).

Environmental regulations are also influencing the market, with more than 40% of EU-based machine manufacturers transitioning to oil-free cold forging systems. At the same time, the availability of skilled operators remains a bottleneck, with 30% of forging plants reporting shortages in trained technicians. Despite these challenges, the introduction of fully automatic feed systems and modular die setups has allowed production facilities to reduce cycle time by 20% and increase uptime.

DRIVER

 Growing demand for lightweight and high-strength automotive components

Automotive manufacturers are increasingly turning to cold forging machines to meet their demand for fuel-efficient vehicles with reduced emissions. In 2023, the automotive sector consumed over 26,000 cold forging machines globally, accounting for 63% of total deployments. These machines are used to produce precision shafts, bolts, screws, and bearing components with improved grain flow and fatigue resistance. Lightweight parts forged using multi-die cold forming can reduce vehicle weight by up to 15 kg per unit. As electrification advances, over 800 EV parts suppliers integrated cold forging for powertrain components and battery enclosures. The trend is driving multi-million-dollar investments in advanced forging lines by OEMs and tier-1 suppliers.

RESTRAINT

 High initial capital expenditure and tooling cost

The high cost of cold forging machines and associated tooling remains a key restraint. A multi-die station cold forging machine can cost between USD 250,000 and USD 1.5 million, depending on tonnage and configuration. Additionally, the cost of customized dies can exceed USD 15,000 per set, and their replacement is required after every 40,000 to 80,000 cycles. In 2023, nearly 28% of small-scale manufacturers delayed machine upgrades due to budget constraints. While operational savings are evident over time, the up-front investment discourages entry for small and medium-sized enterprises. This capital burden is particularly felt in markets like Latin America and Africa, where financial support and leasing options are limited.

OPPORTUNITY

 Integration of AI and IoT in forging machine operations

The integration of AI and IoT into cold forging machinery represents a transformative opportunity. In 2023, approximately 1,200 cold forging lines were equipped with predictive maintenance systems, reducing unplanned downtime by 35%. Machine learning algorithms now assist in real-time force distribution adjustments during forging, ensuring consistent part geometry and minimizing rejection rates. IoT-enabled monitoring systems helped increase operational transparency, particularly in large facilities with over 50 machines. Investment in smart factory infrastructure for forging shops grew by 18% year-on-year, with China and Germany leading the adoption. This trend allows manufacturers to optimize energy usage, track tool wear, and remotely troubleshoot operational issues, creating scalable and efficient production environments.

CHALLENGE

 Shortage of skilled operators and maintenance technicians

The cold forging industry is facing a growing talent gap, especially in advanced operations. In 2023, over 32% of forging plants across North America and Europe cited operator shortage as a key bottleneck. The complexity of machine setup, die alignment, and material handling requires specialized skills, often unavailable through standard vocational training. In Japan, the average age of cold forging machine operators is now over 46 years, indicating a lack of younger talent entering the sector. Training programs and technical certifications remain limited in emerging economies, further affecting machine uptime and output quality. Without sufficient workforce development, manufacturers face the risk of lower productivity and machine downtime.

Cold Forging Machine Market Segmentation

The cold forging machine market is segmented by type and application, each offering a different utility in industrial settings. By type, machines are classified based on the number of die stations, which determine the complexity and capacity of production. By application, they are used either in fastener manufacturing or for shaped piece production, including complex structural components.

 

By Type

• 2-Die Station: Used predominantly for simple symmetrical components like bolts and rivets, over 6,000 units of 2-die station machines were sold in 2023. These are ideal for entry-level operations and require lower tonnage, typically ranging from 300 to 600 kN. They are mostly adopted by small-scale workshops in India, Turkey, and Southeast Asia.
• 3-Die Station: Machines with 3-die stations are widely used for stepped shafts and connectors. Over 5,000 units were commissioned in 2023. Their ability to handle slightly complex shapes makes them suitable for medium-volume production. They are prominent in Eastern Europe and parts of South Korea.
• 4-Die Station: Approximately 7,000 units were installed globally in 2023. These machines strike a balance between complexity and cost, often used for spline shafts, U-joints, and engine pins. They dominate the mid-range segment in countries like China and the US.
• 5-Die Station: Accounting for over 8,500 units sold in 2023, these are preferred for multi-step forming. These machines offer higher flexibility, and their usage is rising in high-volume automotive parts production in Germany, Japan, and Mexico.
• 6-Die Station: With around 4,200 units sold, 6-die station machines are employed in advanced applications such as hollow forgings and helical gears. The machines are mostly found in large OEM facilities and were adopted heavily in aerospace supply chains in 2023.
• Other (1-Die Station, 7-Die Station): Around 3,000 units of these variants were sold in 2023. Single-die stations are used for basic applications, whereas 7-die machines are custom-built for precision parts requiring multiple forming actions. These systems are mostly used in R&D and pilot lines.

By Application

• Fastener: Fastener production dominates application share with over 24,000 machines used globally in 2023. Cold forging ensures uniform grain flow and high tensile strength, essential for bolts, screws, and studs. China produced over 1.2 million tons of forged fasteners in 2023, a majority using 3- or 4-die station cold forging machines.
• Shaped Pieces: Over 16,000 cold forging machines were dedicated to shaped components in 2023. These include automotive parts, tool components, and medical device frames. Japan and Germany are the largest users of shaped-piece forging, accounting for 38% of global shaped part production.

Regional Outlook for the Cold Forging Machine Market

The cold forging machine market presents varied dynamics across global regions due to industrialization rates, technological advancement, and governmental support.

 

• North America

In 2023, the region accounted for the deployment of over 7,800 cold forging machines. The US leads with 6,200 installations, primarily across automotive, aerospace, and defense manufacturing facilities. Canada contributed approximately 900 units, with an increasing focus on electric mobility. The North American market favors 4- and 5-die station machines, with over 65% equipped with servo-driven systems.

• Europe

Europe saw the installation of approximately 9,300 machines in 2023. Germany leads the region with 3,800 units, driven by its strong automotive sector. Italy and France followed, contributing around 2,000 units collectively. The region emphasizes sustainability, with over 45% of new machines featuring energy-efficient drives and low-lubricant operations.

• Asia-Pacific

Asia-Pacific dominates the market with over 24,000 units installed in 2023. China alone accounted for 15,800 units, supported by large-scale manufacturing hubs. Japan and South Korea deployed 5,600 and 2,200 units respectively. The region benefits from abundant skilled labor and expansive automotive and electronics sectors.

• Middle East & Africa

In 2023, the region reported 1,900 machine installations. UAE, Turkey, and South Africa led adoption with over 1,400 combined units. Growth was driven by the oil & gas and infrastructure sectors. However, adoption remains hindered by limited local manufacturing and high import dependency.

List of Top Cold Forging Machine Companies

• Jern Yao
• Chun Yu Group
• National Machinery
• Sacma
• Sakamura
• Hyodong
• Carlo Salvi
• Nakashimada
• Komatsu
• Nedschroef
• Sunac
• Tanisaka
• GFM
• Aida
• Hatebur
• MANYO
• Stamtec
• Shanghai Chun Yu Group
• Ningbo Sijin Machinery
• Tongyong
• Qunfeng Machinery
• Innor Machinery
• Yeswin Group
• Dongrui Machinery
• Jern Yao (Shanghai)
• Yixing Jufeng Machinery
• Harbin Rainbow Technology
• Rayliter
• Xiangsheng Machine
• Baihe Machinery

National Machinery: In 2023, National Machinery held the largest market share with over 5,200 machines in operation across 40 countries. Their high-speed multi-station machines are used by 80% of tier-1 automotive suppliers in North America.

Sacma: Sacma contributed approximately 4,800 machines in active use globally. With a strong presence in Europe and Asia, their machines are favored for their precision and modular die change technology.

Investment Analysis and Opportunities

The cold forging machine market has witnessed robust investment activities over the past few years, especially driven by the modernization of metal forming operations and the rise of electric vehicle component manufacturing. In 2023, more than 320 forging equipment projects received private equity or government-backed investment globally, with Asia-Pacific accounting for 58% of the total number. China invested in over 120 new production facilities equipped with 4-die and 5-die station machines, focusing primarily on fasteners and precision automotive parts.

European manufacturers allocated over USD 210 million in 2023 toward upgrading legacy machinery to newer, energy-efficient cold forging machines with integrated PLC and SCADA systems. In Germany alone, 1,300 new installations occurred in mid-sized companies as part of the government’s industrial automation incentives. Italy also saw 14 major plant expansions that included hybrid die-station machines.

There is also a clear shift toward collaborative automation. In 2024, over 150 manufacturers adopted robotic arms for part loading and unloading, increasing throughput by 22%. Several forging companies in India and South Korea secured funding from domestic industrial banks for scaling up multi-die production units. With predictive maintenance, real-time analytics, and demand for low-scrap production, the investment trend is now focused on efficiency, scalability, and sustainability.

New Product Development

Innovation is at the forefront of the cold forging machine market, with a rising focus on modularity, automation, and hybrid manufacturing capabilities. In 2023 and early 2024, more than 90 new machine models were launched globally, tailored to meet the growing demands of fast-moving industrial applications.

National Machinery unveiled a next-gen 6-die cold forging machine with servo-drive integration and tool-changing in under 90 seconds. The machine can process up to 240 parts per minute and was adopted by 15 global OEMs within its first two quarters of release. Similarly, Sacma introduced a modular forming system compatible with shaped fasteners and gear blanks, receiving over 600 pre-orders globally.

Sakamura launched a new series of horizontal cold forging presses with direct motor control, achieving up to 30% energy savings over previous models. The machines were adopted in the aerospace sector for producing titanium bolts and couplings. Meanwhile, Jern Yao developed a 7-die forming press specifically engineered for the production of hybrid vehicle transmission components with tolerances as tight as 0.005 mm.

Digital twin simulation platforms are also being integrated into new machines, enabling manufacturers to simulate force distribution and deformation under varied conditions. Komatsu’s 2024 product line includes cold forging presses with integrated AI control for automatic adjustment of ram force, significantly reducing part defect rates to below 2%.

Five Recent Developments

• National Machinery (2024): Launched a new AI-integrated 6-die forging machine capable of forming 250 parts per minute, with early adoption across 20 major OEMs in North America and Europe.
• Sacma (2023): Introduced its S-Series modular machines with servo-electric actuation and real-time diagnostics, achieving over 2,000 global installations within the first year.
• Komatsu (2024): Deployed a high-tonnage press with Industry 4.0 compatibility in 18 new aerospace and defense plants across Asia-Pacific.
• Sakamura (2023): Collaborated with Japanese automotive giants to install 200+ horizontal cold forging machines for EV transmission shaft production.
• Chun Yu Group (2024): Opened a 300,000 sq ft production facility in Taiwan dedicated solely to 4-die and 5-die station cold forging machines, with a projected annual capacity of 2,800 machines.

Report Coverage of Cold Forging Machine Market

The cold forging machine market report provides comprehensive coverage of global industry metrics, technology adoption trends, segmentation by die stations and applications, and detailed regional performance analysis. In 2023, the report covered over 35,000 machine installations across 40+ countries and mapped operational capacities exceeding 4 million forging cycles per month globally.

The report includes analysis of cold forging’s displacement of conventional machining in sectors such as automotive, aerospace, medical, and heavy equipment. It examines over 100 machine configurations, highlighting the comparative advantages of 3-die to 6-die station systems, including speed, tonnage capacity, and material compatibility.

Application-based insights focus on fastener production, which represents over 58% of market volume, followed by shaped pieces used in EV drivetrains and industrial valves. The report also includes over 500 tables detailing machine imports, exports, tonnage distribution, and lifecycle cost comparisons.

Regional breakdowns show Asia-Pacific leading the market in output and innovation, with China, Japan, and South Korea forming a manufacturing corridor that supplies over 60% of the global demand. Europe’s emphasis on sustainability and automation makes it a prime adopter of next-gen forging systems. North America is noted for its transition to smart factory setups with predictive maintenance and robotic integration.

The report profiles 30+ global players including Jern Yao, Sacma, National Machinery, and Sakamura. It analyzes R&D initiatives, market share, strategic expansions, and product offerings by machine type. The report further highlights investment trends, new product rollouts, government-backed industrial programs, and challenges such as workforce training and cost barriers.

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