Metal Forming Tools Market to Grow at a CAGR of 8.4% from 2025 to 2032; Modernization of Manufacturing Facilities to Drive Market Growth

The global metal forming tools market size was valued at USD 27.59 billion in 2024. The market is projected to grow from USD 29.41 billion in 2025 to USD 51.67 billion by 2032, exhibiting a CAGR of 8.4% during the forecast period. Fortune Business Insights™ presents this information in its report titled “Metal Forming Tools Market Size, Share & Industry 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), By Automation Level (Conventional/Manual, CNC, and Automated/Robotic), By Application (Automotive, Aerospace and Defense, General Manufacturing, Electrical & Electronics, Energy & Power, and Others) and Regional Forecast, 2025 – 2032”.

Automation and robotics are transforming metal forming by enhancing precision, speed, and quality. This shift, driven by the need for efficient and error-free production, is fueling demand for CNC and smart machines, expanding their use across industries such as electronics, aerospace, and automotive.

Siemens Launched MACHINUM at IMTEX Bengaluru to Enhance Machine Tool Efficiency 

In January 2025, Siemens introduced MACHINUM at IMTEX Bengaluru, an advanced CNC digitalization suite under Siemens Xcelerator. Designed to improve efficiency and sustainability, it cuts setup time by up to 20% and energy use by 18%, accelerating digital transformation in India’s machine tool industry.

Inclination toward Modernization to Stimulate Market Growth

Modernization of manufacturing facilities is a key growth driver for the market. As industries aim to boost productivity, reduce waste, and meet strict tolerances, the adoption of these tools becomes essential. Asia Pacific’s industrial boom, led by infrastructure and automotive demand, is accelerating uptake. This transition is widening the customer base and increasing capital flows into the sector. 

However, rising raw materials costs due to tariffs are reducing manufacturers’ ability to offer competitive pricing, hindering the metal forming tools market growth.

Industry Participants Focus on Innovation to Meet Industry Needs

Leading players in the metal forming tools market stand out for their technological strength, global reach, and product portfolios. Their focus on innovation, such as robotics, Industry 4.0 solutions, and servo-driven systems, supports evolving industrial needs. Strategic R&D, strong after-sales service, and adaptive partnerships gave them a competitive edge across mature and emerging markets.

List of Key Players Mentioned in the Report

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

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/industry-reports/metal-forming-tools-market-101841

Key Industry Development

• September 2023- DMG MORI’S acquisition of KURAKI, formerly under Kurabo Industries, aims to broaden and customer reach by leveraging KURAKI’s innovative development and manufacturing expertise.   

Further Report Findings

• With China, India, and Japan at the forefront, Asia Pacific commands the largest metal forming tools market share due to robust industrial growth and expanding automotive manufacturing. Rising automation and export-focused strategies continue to reinforce the region’s leadership in forming tool production and usage.
• In North America, the market is driven by advanced technology adoption and strong demand from aerospace, defense, and automotive sectors. The U.S. leads with its focus on precision manufacturing, growing use of CNC and robotics, major investments in EVs, and infrastructure upgrades.
• Driven by Brazil and Argentina, South America’s market has steady demand from the manufacturing and automotive sectors. However, economic instability and limited automation continue to hinder the uptake of advanced metal forming tools.   

Table of Segmentation