Forging Press Market: Introduction

  • A forging press is a machine that is used to shape the metal placed between two dies by applying gradual mechanical or hydraulic pressure. Forging press machines can be used in both hot and cold forging processes. Forging press machines are suitable for high volume production of forgings. Forging press can work on the principle of both open-die & closed-die forging. Forging press works on three types of mechanisms: hydraulic, mechanical, and screw press.

Key Drivers of the Forging Press Market

  • The major driver of the forging press market is the increasing developments in industries (automotive, aerospace, and defense), owing to the increasing demand for forging press to make different spare parts.
  • Technological advancement and developments in drive mechanisms have boosted the adoption rate of forging press machines. The rising adoption of CNC hybrid presses for mechanical and hydraulic forging press machines creates a significant impact on the growth of the forging press market.
  • Increasing collaboration & mergers by manufacturers, and rising investments by technological leaders to integrate control systems and drive mechanisms is supporting the growth of the forging press market.
  • Expansion of the construction segment can be attributed to rising product demand in this segment as the industry requires different types of machinery and equipment, which consists of forged parts, such as pistons, mold designs, and fabrication parts. This is also boosting the growth of the forging press market.

Restraints of the Forging Press Market

  • Difficulties faced by small enterprises while purchasing full automation machinery and high costs associated with energy consumption, and maintenance are some of the major factors hampering the growth of the forging press market.
  • The Covid-19 pandemic with strict government guidelines have also had a severe impact and weakened the market of several industries. Demand for forging press declined due to the suspension of manufacturing and logistics across the globe.

Asia Pacific to Hold Major Share of the Global Forging Press Market

  • Asia Pacific holds major share of the global forging press market due to rising manufacturing industries including automotive, defense, aerospace, and oil & gas. Investments in automotive and defense production plants in China and India are expected to drive the growth of the forging press market.
  • Deployment of advanced forging press machines by integrating them with latest control systems in developed economies such as the U.K. and Germany is expected to drive the forging press market in the European region.

Key Manufacturers Active in the Forging Press Market Include:

  • AIDA
  • Chin Fong
  • ERIE Press Systems
  • Fagor Arrasate
  • Farinia Group
  • Group Rhodes
  • Komatsu
  • Nidec Corporation
  • Schuler Presses
  • SHIEH YIH Machinery Industry Co., Ltd.
  • SMS GROUP GMBH
  • STAMTEC, INC.
  • Sutherland Presses
  • Worcester Presses Ltd

Key manufacturers are focusing on expanding their product portfolio through various developments in their products with increasing pressure capacity and efficiency. Companies are collaborating and investing more to adopt the most advanced technology for their forging press machines.

Global Forging Press Market: Research Scope

Global Forging Press Market, by Mode of Operation

  • Manual
  • Semi-automatic
  • CNC Machine

Global Forging Press Market, by Type

  • Hot-die Forging
  • Cold-die Forging

Global Forging Press Market, by Mechanism

  • Mechanical
  • Hydraulic
  • Screw Press

Global Forging Press Market, by Power Range

  • 300 to 500 T
  • 501 to 1000 T
  • 1,000 to 5,000 T
  • 5,001 to 10,000 T
  • More than 10,000 T

Global Forging Press Market, by Price

  • Low
  • Medium
  • High

Global Forging Press Market, by End-use Industry

  • Automotive Industry
  • Aerospace & Defense Industry
  • Oil & Gas Industry
  • Power Generation Industry
  • Material Handling

Global Forging Press Market, by Distribution Channel

  • Direct Sales
  • Indirect Sales 

Global Forging Press Market, by Region

  • North America
    • The U.S.
    • Canada
    • Rest of North America
  • Europe
    • France
    • Germany
    • Italy
    • U.K.
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East and Africa
  • South America
    • Brazil
    • Rest of South America

This upcoming business intelligence report is intended to be a one-stop market research solution to guide organizations in taking timely and effective decisions for their business growth. The ongoing study is the culmination of our deep expertise on data science methods, combined with an unparalleled understanding of the external environment and analysis of the industries. Each of the reports by TMR aims at offering a detailed scrutiny of the value chain of our current and prospective customers, takes them from identifying value propositions, and subsequently assist their business executives to implement right strategies to create customer value. We believe that creating and sustaining the customer value is the key pivot on which business executives can create profits for their organizations and increase the market shares, continuously and with sustainability.

Each of our touchpoints through which we engage with the organization/enterprise during the primary research enables us to understand the internal environment it operates in and the ways in which the external environment influences its growth.

Always Evolving with Competition

Excellence is built into the DNA of TMR, and all our teams work collaboratively and committedly toward achieving that in whatever they do. From the very first interaction our teams of research analysts have with any interested market participant to the final preparation processes in each of our reports reflects a rigorous understanding of the dynamic industry environment that businesses operate in.

We relentlessly work to be a differentiator in whatever we do in the current era of hypercompetitive global environment. The result of our unceasing focus on excellence is reflected clearly in the insights and guidance we offer to our customers in order to empower them to create brand equity. Our simple yet very powerful underpinning for navigating the competition is to always keep evolving with changing business environments. Our close-kinit team of research analysts not only believe in this simple philosophy but also implement the same.

Constantly Innovating Our Research Methodologies and Models

We do not limit with any specific market research tool or one standard approach for obtaining or analyzing data. Undoubtedly, our report making process is ever-evolving to meet the customer needs and demands supported broadly by a vast knowledge of data science methods that we combine with business acumen our teams have built upon for several years. Evidently, our primary and secondary research data about customers and consumers have shown that we can go to any lengths to obtain them. This is followed by applying next-gen automation tools integrated with human judgement to clear the clutter, ascertain the most relevant and recent qualitative and quantitative insights, and package them in digestible chunks in our reports for our customers.

We Take Pride in No-One-Size-Fits-All Approach

Over the past several years, we have been conducting market intelligence studies across all industries for all types of organizations — big and small, profit and not-for-profit, and Fortune 500 and Unicorns, as we believe that a sound decision making must be based on no-one-size-fits-all approach. Without doubt, each of the organizations regardless of the industry they are in are affected differently by changes in political, economic, socio-culture, legal, ecological, and legal environments. The research models and the value chain analysis process that our analysts employ for conducting the study uphold this approach.

We look at myriad components of internal and external business environment affecting the growth strategies of organizations. Some of the broader aspects that we focus on are:

  • Our team of Analysts and Support Teams always strive to see the bigger picture in life cycle stages of any industry
  • The Teams focus on obtaining valuable insights into different models of competitive advantage while making an internal environment analysis
  • They keep on modifying the value chain analysis processes of organizations to understand on how customer value is created

Some areas of assessing market dynamics that are used in the research models and methodologies adopted by our analysts can be summarized as:

  • Corporate and business strategies underlying new brand positioning strategies
  • Mapping for strategic planning for business units
  • Various metrics for business portfolio analysis, including BCG matrix
  • Value chain analysis

These will help create and sustain competitive advantage for our prospects and current customers.

Key focus areas and agenda that underpin and catalyze our primary and secondary research initiatives and endeavors are:

  • What are some of the core competencies and distinctive competencies of new entrants and established players in the industry we are analyzing?
  • What are some of the branding opportunities that are emerging at a rapid pace?
  • What are the major competitive forces and elements of external environment shaping the industry life cycle stages of most organizations?
  • Why some competitive strategies are popular than others among leaders in a certain market?
  • What customer-based brand equity strategies companies have leveraged in a certain industry or set of related industries in a sector?
  • What are some of the key pricing strategies that companies in an industry are implementing for marketing their products internationally?
  • Identifying whether market-push or market-pull strategies are more relevant to a certain product or a service?

Disclaimer: This ongoing market research study is a meticulously planned activity where a broad array of factors and aspects that shape the marketing environment and industry are taken into account. However, keeping in mind the constantly changing nature of business dynamics and changing strategic intents, we are always actively making iterations and modifications in our approaches. As always, we are ready to tailor our insights and guidance to suit your requirements. Engage with us to know what more is there for your CXOs.

Enquiry Before Buying

TMR offers Enquiry Before Buying that help clients to get information on their business scenario required where syndicated solutions are not enough.

Enquiry Before Buying

Forging Press Market