Asia-Pacific dominated the overall market with a share of more than 55%. The market’s growth is expected to be driven by the growing end-user industries, such as automotive, construction, electronics, and aerospace.

    Increasing demand for cold heading machines from construction and electronics sectors in countries, such as India and China, is the key driving factor for the Asia-Pacific market.The production of heavy equipment and machinery in China is also growing moderately. High-end manufacturing control machinery and robotics are one of the 10 priority sectors of the Made in China 2025 policy. This policy aims to improve the quality of Chinese robotics and automation.

    Hence, based on the above-mentioned factors, Asia-Pacific is expected to dominate the overall market.