Forging Press Market

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