Metal Spinning Machines Market Size, Share, Growth, and Industry Analysis by Type (Single Roller, Double Roller & Others), By Application (Automotive, General Industrial, Defense, Energy & Aerospace), Regional Forecast To 2031

Updated On: 06 May 2024

Metal Spinning Machines Market REPORT OVERVIEW

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global metal spinning machines market size was USD 79 Million in 2022 and market is projected to touch 110.72 Million by 2031, exhibiting a CAGR of 3.8% during the forecast period.

A flat circle, or circular, piece of metal is put into a hand lathe or CNC lathe in metal spinning machines, a type of symmetrical metalworking. The metal disc is spun at the required speed while being held in place by a pressure pad. When compared to other methods, metal spinning enhances metallurgy by realigning the metal's grain structure. Because of the increased tensile strength, lighter gauge material can be employed in identical applications. By applying lateral pressure from a forming tool, the spinning process creates an axis-symmetric hollow object.

a sheet of material that is swiftly rotating in a circle, giving it the appearance of a former that is rotating alongside it. A significant portion of the textile industry is spinning, which is the act of twisting together single strands of fiber to create yarn. To gradually mold the metal over a "chuck" or mandrel, a localized stress is applied either manually or mechanically using a variety of rollers or tools. Several chucks may be utilized in intricate spinning’s to achieve a given form. Spinning machines are widely utilized in a variety of industries, from the manufacturing of components for the defense industry to lampshades displayed in retail stores.

COVID-19 Impact: Industry Shutdown Causes Market Distortion

The COVID-19 outbreak caused unstable markets, a drop in consumer confidence, and problems with import and export commerce for producers of machinery and equipment. Markets were shuttered as a result of the lockdown, and many people stayed inside. Supply chain breaches, stock market inefficiencies, and vendor instability are the result of this evolution. The market as a whole was impacted by the shutdown of the machinery and equipment industry. Because there was no longer a market for the product, it has become obsolete as those markets closed. In order to maintain stability amidst the disruptions, organizations were forced to redesign their entire operational structures as a result of the pandemic. The financial imbalance brought on by the closure of numerous stores and significant sectors was the primary factor that distorted the entire market. In addition, the outbreak has a negative impact on the business operations of the enterprises, which affects the market as a whole. The metal spinning machines industry has been somewhat impacted by this.

LATEST TRENDS

"CNC Metal Spinning to Boost the Market Growth"

CNC metal spinning machines are the main trend driving the industry. It uses computer numerical control (CNC) to produce increasingly complicated designs with longer production runs and shorter lead times. Tooling attached to the lathe is used to narrow the neck to a smaller diameter and produce a smooth shoulder as the metal is heated and shaped; these trends help the market grow. In manual spinning procedures, spoon-like hand tools are utilized, while in CNC spinning machines, powered rotating tools are employed. Generally, steel and aluminum are spun on metal spinning equipment. Specifications for hot spinning machines, manual spinning machines, and CNC metal spinning machines include rated speed, number of wheels, maximum blank diameter, and distance between centers. The industry is anticipated to grow during the forecast period thanks to this trend. Thus, it is anticipated that the CNC metal spinning will increase overall market sales. These new developments and varieties in product are mostly to blame for the market's overall growth.

Metal Spinning Machines Market SEGMENTATION

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• By Types 

Based on type, the market is classified into Single Roller, Double Roller & Others. .

• By Application

Based on the market is categorized into Automotive, General Industrial, Defense, Energy & Aerospace.

DRIVING FACTORS

"Flexibility of the Product that Give the Market Extra Boost"

The versatility of the products is the main factor driving market expansion. From components for military use in the defense industry to lampshades displayed in retail stores, metal spinning machines are widely employed in a variety of industries. Also, there are numerous benefits to selecting a metal spinner to supply companies with components. Because it is simple to make changes to the design, adopting metal spinning is significantly more cost-effective. Businesses frequently wish to alter and shrink a component during the product development phase. By lowering the Tool size internally, there is no need to start over, saving both time and money. These elements support market expansion. This makes Metal Spinning a perfect option for a company that broadens the market. Metal Spinning is significantly less expensive than conventional casting and stamping because of how straightforward the tooling is. The aforementioned elements will raise demand for the target market during the forecast period. The market demand is anticipated to be driven by all of these factors. As a result, the growth, and the flexibility of the product will boost the market. It will contribute to the expansion of the machinery and equipment industry and it will improve the overall metal spinning machines market growth.

"Short Lead Time to Encourage Market Expansion"

Less time is spent using the product, which is a factor boosting market growth. In addition to being affordable and cost-effective, the metal spinning process is also highly rapid. Little to medium batch numbers can be produced in a matter of days because of the short lead times. Give at least three weeks when working with huge batches of thousands of units. This makes Metal Spinning extremely effective for the supply chain, especially when combined with low internal tooling. When compared to other methods, metal spinning enhances metallurgy by realigning the metal's grain structure. Because of the increased tensile strength, lighter gauge material can be employed in identical applications. Over the course of the forecast period, the aforementioned factors are anticipated to affect sales of the industry. This will increase demand for the product and help the industry as a whole to expand. The product line expansion is helping the market to grow.

RESTRAINING FACTORS

"Regular Maintenance to Impede Market Expansion"

The market is being hampered by routine maintenance. It might be challenging to maintain consistent spinning conditions for metal spinning. The time changes along the way as spinning tools warm up and expand in addition to other varied elements. As a result, the operator must regularly inspect and repair the equipment. This factor limits market expansion. Therefore, during the forecast period, these factors are anticipated to restrain market growth. But as time goes on, this issue will be resolved in some way. If this problem is fixed, the market will start to grow right away.

Metal Spinning Machines Market REGIONAL INSIGHTS

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"North America Dominating the Market Across the Globe"

The market for metal spinning machines in North America has benefited from the region's expanding industrial development and a number of driving factors that have boosted the potential sectors because this region is the product's primary user. The rising product used in the automotive, general industrial, defense, energy & aerospace sector is boosting the metal spinning machines market share. Trends toward rapid urbanization will support the market as a whole even more.

KEY INDUSTRY PLAYERS

"Leading Manufacturers to Boost Product Demand"

Study includes information on the market players and where they stand within the sector. Data is being collected and made available through proper research, mergers, technical advancement, growing production facilities, and cooperation. The study on materials offers details on manufacturers, regions, types, applications, sales channels, distributors, traders, dealers, research findings, and more.

List of Market Players Profiled

•    MJC Engineering & Technology (U.S.)
•    Grotnes (U.S.)
•    Abacus Maschinenbau (Germany)
•    Leifeld Metal Spinning (Germany)
•    Industrias Puigjaner (Spain)

REPORT COVERAGE

The market segmentation by type and application is covered in great detail in the study. A wide range of participants, including current and potential market leaders, are examined in the study. A number of significant factors are expected to lead to a sizeable market expansion. In order to gain market insights, the research also looks at factors that could raise the share of metal spinning machines market. Forecasts for market growth over the anticipated time period are made in the report. Explaining why one region dominates the global market is the goal of regional research. A number of properly considered factors limit the industry's ability to expand. A strategic analysis of the market is also included in the research. It contains comprehensive market data.