Global Metal Forming Tools Market Size, Share, and COVID-19 Impact Analysis, By Type (Hydraulic Presses, Mechanical Presses, Servo Presses, Rolling Machine, Shearing Machines, Forging Machines, Bending Machines, and Others), By Process (Rolling, Forging, Bending, Punching, Shearing, Stamping, Deep Drawing, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2025 - 2035

Global Metal Forming Tools Market Insights Forecasts to 2035

• The Global Metal Forming Tools Market Size Was Estimated at USD 26.89 Billion in 2024
• The Market Size is Expected to Grow at a CAGR of around 8.64% from 2025 to 2035
• The Worldwide Metal Forming Tools Market Size is Expected to Reach USD 61.59 Billion by 2035
• North America is Expected to Grow the Fastest during the forecast period.

The Global Metal Forming Tools Market Size was worth around USD 26.89 Billion in 2024 and is Predicted to Grow to around USD 61.59 Billion by 2035 with a compound annual Growth rate (CAGR) of 8.64% from 2025 and 2035. The metal forming tools market offers future opportunities through Industry 4.0 adoption, lightweight material processing, EV demand, aerospace growth, eco-friendly solutions, additive manufacturing integration, and rapid industrialization in emerging economies.

Market Overview

The metal forming tools market refers to the industry dedicated to designing and producing tools that shape metals into desired forms and components for various applications. These tools are essential in automotive, aerospace, construction, and heavy machinery industries, where precision, durability, and efficiency are critical. Market growth is primarily driven by the rising demand for lightweight materials, especially in automotive and aerospace, the increasing adoption of automation and Industry 4.0 solutions, and rapid industrialization in emerging economies. Additionally, the push for sustainable and energy-efficient manufacturing further accelerates demand, positioning metal forming tools as a vital enabler of advanced production systems.

Report Coverage

This research report categorizes the metal forming tools market based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the metal forming tools market. Recent market developments and competitive strategies such as expansion, type launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the metal forming tools market. 

Driving Factors

The metal forming tools market is being propelled by several key factors. Rising automotive production, particularly the shift toward lightweight vehicles and electric vehicles, is creating significant demand for advanced forming tools. The aerospace sector’s need for high-performance materials and precision components further fuels growth. Rapid industrialization and infrastructure development in emerging economies are expanding opportunities across manufacturing industries. Moreover, the adoption of Industry 4.0, automation, and smart manufacturing technologies enhances tool efficiency, accuracy, and productivity. Additionally, increasing focus on sustainable, energy-efficient production methods supports market expansion, making metal forming tools critical for meeting evolving industrial and technological requirements worldwide.

Restraining Factors

The metal forming tools market faces several challenges. High initial investment costs for advanced forming machinery often limit adoption, especially among small and medium-sized enterprises. The shortage of skilled labor capable of operating and maintaining sophisticated tools also hampers market growth. Additionally, fluctuating raw material prices increase production costs, creating uncertainties for manufacturers.  

Market Segmentation

The metal forming tools market share is classified into type and process.

• The mechanical presses segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period.

Based on the type, the metal forming tools market is divided into hydraulic presses, mechanical presses, servo presses, rolling machine, shearing machines, forging machines, bending machines, and others. Among these, the mechanical presses segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period. Mechanical presses are widely adopted due to their versatility, cost-effectiveness, and efficiency in handling high-volume production across automotive, aerospace, and general manufacturing industries. Their ability to deliver consistent accuracy and faster cycle times makes them highly suitable for mass production of components such as body panels, structural parts, and precision metal pieces. Furthermore, ongoing advancements in automation and integration with smart manufacturing technologies are expected to strengthen the demand for mechanical presses in the coming years.

• The stamping segment accounted for the largest share in 2024 and is anticipated to grow at a significant CAGR during the forecast period.

Based on the process, the metal forming tools market is divided into rolling, forging, bending, punching, shearing, stamping, deep drawing, and others. Among these, the stamping segment accounted for the largest share in 2024 and is anticipated to grow at a significant CAGR during the forecast period. Stamping is extensively used in the automotive and aerospace industries for producing lightweight, high-strength components such as body panels, chassis parts, and precision structural elements. Its cost-effectiveness, high-speed production capability, and suitability for large-scale manufacturing make it the most dominant process. Moreover, rising demand for electric vehicles, coupled with the growing need for lightweight materials, is further boosting the adoption of stamping technologies, ensuring strong and sustained market growth ahead.

Regional Segment Analysis of the Metal Forming Tools Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

Asia Pacific is anticipated to hold the largest share of the metal forming tools market over the predicted timeframe.

Asia Pacific is anticipated to hold the largest share of the metal forming tools market over the predicted timeframe. The region's market is propelled by swift industrial growth, rising vehicle production, and a robust manufacturing foundation. The area is seeing a rise in investment for automation and manufacturing aimed at exports. These trends have reinforced the region’s role in both the manufacturing and usage of forming tools.

North America is expected to grow at a rapid CAGR in the metal forming tools market during the forecast period. The North American market gains from the area's technological progress and robust demand from sectors like automotive, aerospace, and defense. The U.S. dominates the area due to its focus on high-precision manufacturing, growing utilization of CNC and robotic technologies, and continuous efforts to revive industrial production. The U.S. is likewise reaping rewards from significant investments in electric vehicles and infrastructure upgrades.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the metal forming tools market, along with a comparative evaluation primarily based on their type of offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes type development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• AMADA Co. Ltd.
• TRUMPF SE Co. KG
• DMG MORI Co. Ltd.
• Schuler AG
• Komatsu Ltd.
• Mitsubishi Corporation
• Hyundai WIA Corp.
• Haas Automation Inc.
• JIER Machine Tool Group Co. Ltd.
• ANDRITZ AG
• FAGOR ARRASATE S.COOP.
• Sumitomo Heavy Industries Ltd.
• Nidec Corp.
• Accurl CNC Machine Anhui Manufactory Co. Ltd.
• Accurpress Product Sales
• CINCINNATI Inc.
• Lodesani and Carreri Srl
• Santec Exim Pvt. Ltd.
• Machine Tools (India) Limited
• MONDRAGON Corp.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Development

• In January 2025, Phillips Machine Tools presented its newest next-gen CNC machining innovations at IMTEX 2025, emphasizing progress in premium metal forming solutions.  

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the Metal Forming Tools market based on the below-mentioned segments:  

Global Metal Forming Tools Market, By Type

• Hydraulic Presses
• Mechanical Presses
• Servo Presses
• Rolling Machine
• Shearing Machines
• Forging Machines
• Bending Machines
• Others

Global Metal Forming Tools Market, By Process  

• Rolling
• Forging
• Bending
• Punching
• Shearing
• Stamping
• Deep Drawing
• Others

Global Metal Forming Tools Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa