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Machinery & Equipment Global Forging Presses Market Report 2018-2029

  • RnM4126684
    • |
  • 22 August, 2023
    • |
  • Global
    • |
  • 145 Pages
    • |
  • HJResearch
    • |
  • Machinery & Equipment

The Forging Presses industry, valued at US$9688 million in 2022, is expected to see significant growth with a compound annual growth rate (CAGR) of 5.14%. Forging presses are crucial machines used in various industries, including automotive, hardware tools, engineering machinery, and others.

The automotive sector is a major user of forging presses. With the increasing demand for lightweight and fuel-efficient vehicles, manufacturers are increasingly turning to forged components. Forging presses enable the production of high-strength, lightweight automotive parts that contribute to improved vehicle performance and fuel efficiency.

In the hardware tools industry, forging presses play a vital role in the production of high-quality tools. Tools manufactured through forging processes exhibit enhanced durability and strength compared to those made through other methods. This has led to increased adoption of forging presses by hardware tool manufacturers.

Engineering machinery is another sector where forging presses find extensive application. With the growth of infrastructure development and industrialization worldwide, there is a rising demand for heavy-duty machinery. Forging presses facilitate the production of robust and durable components required in various construction and industrial equipment.

The prospects for the forging presses industry look promising, driven by several factors. The focus on lightweight materials and fuel efficiency in the automotive sector is expected to drive the demand for forging presses in the coming years. Additionally, with the increasing adoption of electric vehicles, there will be a growing need for forged components to meet the unique requirements of electric vehicle manufacturing.

Furthermore, the expansion of the construction and infrastructure sectors globally will boost the demand for engineering machinery, thereby driving the growth of the forging presses industry. Developing countries, in particular, are investing heavily in infrastructure projects, creating significant opportunities for the industry's expansion.

The global market for forging presses is highly competitive, with several major manufacturers dominating the industry. These manufacturers include SMS, Komatsu, Sumitomo, TMP, Schuler, Ajax, Aida, Kurimoto, Fagor Arrasate, Mitsubishi, Lasco, Ficep, First Heavy, Stamtec, Erie, Beckwood, Erzhong, J&H, and Mecolpress.

To stay competitive in the market, manufacturers are focusing on product innovation, technological advancements, and strategic collaborations. Furthermore, expanding their presence in emerging markets is a key strategy adopted by market players to capitalize on the growing demand for forging presses.

In conclusion, the forging presses industry is set for robust growth in the coming years. The increasing demand from the automotive, hardware tools, and engineering machinery sectors, coupled with the focus on lightweight materials and fuel efficiency, are driving the growth prospects. As major global manufacturers continue to innovate and expand their presence, the industry is poised for further development and market expansion.

The SWOT analysis of the Forging Presses industry is as follows:

Strengths:
1. High demand: The forging industry is constantly in high demand as it is a crucial step in the production of various components for industries such as automotive, aerospace, and construction.
2. Strong technological advancements: The forging press industry has seen significant advances in technology, leading to improved productivity, efficiency, and quality of forged products.
3. High-quality output: Forging presses are able to produce strong and durable components that often have superior mechanical properties compared to other manufacturing methods such as casting or machining.
4. Wide range of applications: Forging presses can be used to manufacture a wide range of components, from small intricate parts to larger structures, catering to various industries.
5. Cost-effective manufacturing: Once set up, forging presses can produce large quantities of components in an efficient and cost-effective manner.

Weaknesses:
1. High initial investment: The cost of setting up a forging press facility and acquiring the necessary equipment can be significant, making it difficult for new entrants to enter the market.
2. Limited flexibility: Forging presses are designed for specific applications and may require retooling or adjustments to cater to different component specifications, limiting their flexibility compared to other manufacturing methods.
3. Skilled labor required: Operating forging presses requires skilled labor with specialized knowledge, which may be challenging to find and retain.

Opportunities:
1. Growing demand for lightweight components: With the increasing focus on fuel efficiency and reducing emissions, there is a growing demand for lightweight components in industries such as automotive and aerospace. Forging presses can play a crucial role in producing lightweight forged components.
2. Expansion into new markets: The forging press industry can explore new markets and industries where the demand for forged components is expected to grow, such as renewable energy, defense, and medical equipment.
3. Adoption of advanced materials: The use of advanced materials such as titanium and composites is increasing, presenting an opportunity for forging presses to adapt and cater to the production of components using these materials.

Threats:
1. Competition from alternate manufacturing methods: The forging press industry faces competition from other manufacturing methods such as casting, machining, and additive manufacturing, which may be preferred for certain applications.
2. Economic fluctuations: The demand for forged components is closely tied to the overall economic conditions, and any downturn can result in reduced demand and profitability for the forging press industry.
3. Environmental regulations: As environmental regulations become stricter, the forging press industry may face challenges in meeting the requirements and ensuring compliance, especially in terms of emissions and waste disposal.

Key players in global Forging Presses market include:
SMS
Komatsu
Sumitomo
TMP
Schuler
Ajax
Aida
Kurimoto
Fagor Arrasate
Mitsubishi
Lasco
Ficep
First Heavy
Stamtec
Erie
Beckwood
Erzhong
J&H
Mecolpress

Market segmentation, by product types:
Closed Die Forging
Open Die Forging
Extrusion Presses
Other

Market segmentation, by applications:
Automotive
Hardware tools
Engineering machinery
Others


1 Industry Overview of Forging Presses

  • 1.1 Research Scope
  • 1.2 Market Segmentation by Types of Forging Presses
  • 1.3 Market Segmentation by End Users of Forging Presses
  • 1.4 Market Dynamics Analysis of Forging Presses
    • 1.4.1 Market Drivers
    • 1.4.2 Market Challenges
    • 1.4.3 Market Opportunities
    • 1.4.4 Porter’s Five Forces

2 Major Manufacturers Analysis of Forging Presses Industry

  • 2.1 SMS
    • 2.1.1 Company Overview
    • 2.1.2 Main Products and Specifications
    • 2.1.3 Forging Presses Sales Volume, Revenue, Price and Gross Margin (2018-2023)
    • 2.1.4 Contact Information
  • 2.2 Komatsu
    • 2.2.1 Company Overview
    • 2.2.2 Main Products and Specifications
    • 2.2.3 Forging Presses Sales Volume, Revenue, Price and Gross Margin (2018-2023)
    • 2.2.4 Contact Information
  • 2.3 Sumitomo
    • 2.3.1 Company Overview
    • 2.3.2 Main Products and Specifications
    • 2.3.3 Forging Presses Sales Volume, Revenue, Price and Gross Margin (2018-2023)
    • 2.3.4 Contact Information
  • 2.4 TMP
    • 2.4.1 Company Overview
    • 2.4.2 Main Products and Specifications
    • 2.4.3 Forging Presses Sales Volume, Revenue, Price and Gross Margin (2018-2023)
    • 2.4.4 Contact Information
  • 2.5 Schuler
    • 2.5.1 Company Overview
    • 2.5.2 Main Products and Specifications
    • 2.5.3 Forging Presses Sales Volume, Revenue, Price and Gross Margin (2018-2023)
    • 2.5.4 Contact Information
  • 2.6 Ajax
    • 2.6.1 Company Overview
    • 2.6.2 Main Products and Specifications
    • 2.6.3 Forging Presses Sales Volume, Revenue, Price and Gross Margin (2018-2023)
    • 2.6.4 Contact Information
  • 2.7 Aida
    • 2.7.1 Company Overview
    • 2.7.2 Main Products and Specifications
    • 2.7.3 Forging Presses Sales Volume, Revenue, Price and Gross Margin (2018-2023)
    • 2.7.4 Contact Information
  • 2.8 Kurimoto
    • 2.8.1 Company Overview
    • 2.8.2 Main Products and Specifications
    • 2.8.3 Forging Presses Sales Volume, Revenue, Price and Gross Margin (2018-2023)
    • 2.8.4 Contact Information
  • 2.9 Fagor Arrasate
    • 2.9.1 Company Overview
    • 2.9.2 Main Products and Specifications
    • 2.9.3 Forging Presses Sales Volume, Revenue, Price and Gross Margin (2018-2023)
    • 2.9.4 Contact Information
  • 2.10 Mitsubishi
    • 2.10.1 Company Overview
    • 2.10.2 Main Products and Specifications
    • 2.10.3 Forging Presses Sales Volume, Revenue, Price and Gross Margin (2018-2023)
    • 2.10.4 Contact Information
  • 2.11 Lasco
    • 2.11.1 Company Overview
    • 2.11.2 Main Products and Specifications
    • 2.11.3 Forging Presses Sales Volume, Revenue, Price and Gross Margin (2018-2023)
    • 2.11.4 Contact Information
  • 2.12 Ficep
    • 2.12.1 Company Overview
    • 2.12.2 Main Products and Specifications
    • 2.12.3 Forging Presses Sales Volume, Revenue, Price and Gross Margin (2018-2023)
    • 2.12.4 Contact Information
  • 2.13 First Heavy
    • 2.13.1 Company Overview
    • 2.13.2 Main Products and Specifications
    • 2.13.3 Forging Presses Sales Volume, Revenue, Price and Gross Margin (2018-2023)
    • 2.13.4 Contact Information
  • 2.14 Stamtec
    • 2.14.1 Company Overview
    • 2.14.2 Main Products and Specifications
    • 2.14.3 Forging Presses Sales Volume, Revenue, Price and Gross Margin (2018-2023)
    • 2.14.4 Contact Information
  • 2.15 Erie
    • 2.15.1 Company Overview
    • 2.15.2 Main Products and Specifications
    • 2.15.3 Forging Presses Sales Volume, Revenue, Price and Gross Margin (2018-2023)
    • 2.15.4 Contact Information
  • 2.16 Beckwood
    • 2.16.1 Company Overview
    • 2.16.2 Main Products and Specifications
    • 2.16.3 Forging Presses Sales Volume, Revenue, Price and Gross Margin (2018-2023)
    • 2.16.4 Contact Information
  • 2.17 Erzhong
    • 2.17.1 Company Overview
    • 2.17.2 Main Products and Specifications
    • 2.17.3 Forging Presses Sales Volume, Revenue, Price and Gross Margin (2018-2023)
    • 2.17.4 Contact Information
  • 2.18 J&H
    • 2.18.1 Company Overview
    • 2.18.2 Main Products and Specifications
    • 2.18.3 Forging Presses Sales Volume, Revenue, Price and Gross Margin (2018-2023)
    • 2.18.4 Contact Information
  • 2.19 Mecolpress
    • 2.19.1 Company Overview
    • 2.19.2 Main Products and Specifications
    • 2.19.3 Forging Presses Sales Volume, Revenue, Price and Gross Margin (2018-2023)
    • 2.19.4 Contact Information

3 Global Forging Presses Market Analysis by Regions, Manufacturers, Types and End Users

  • 3.1 Global Sales Volume and Revenue of Forging Presses by Regions (2018-2023)
  • 3.2 Global Sales Volume and Revenue of Forging Presses by Manufacturers (2018-2023)
  • 3.3 Global Sales Volume and Revenue of Forging Presses by Types (2018-2023)
  • 3.4 Global Sales Volume and Revenue of Forging Presses by End Users (2018-2023)
  • 3.5 Selling Price Analysis of Forging Presses by Regions, Manufacturers, Types and End Users in (2018-2023)

4 Northern America Forging Presses Market Analysis by Countries, Types and End Users

  • 4.1 Northern America Forging Presses Sales Volume and Revenue Analysis by Countries (2018-2023)
  • 4.2 Northern America Forging Presses Sales Volume and Revenue Analysis by Types (2018-2023)
  • 4.3 Northern America Forging Presses Sales Volume and Revenue Analysis by End Users (2018-2023)
  • 4.4 United States Forging Presses Sales Volume, Revenue, Import and Export Analysis (2018-2023)
  • 4.5 Canada Forging Presses Sales Volume, Revenue, Import and Export Analysis (2018-2023)

5 Europe Forging Presses Market Analysis by Countries, Types and End Users

  • 5.1 Europe Forging Presses Sales Volume and Revenue Analysis by Countries (2018-2023)
  • 5.2 Europe Forging Presses Sales Volume and Revenue Analysis by Types (2018-2023)
  • 5.3 Europe Forging Presses Sales Volume and Revenue Analysis by End Users (2018-2023)
  • 5.4 Germany Forging Presses Sales Volume, Revenue, Import and Export Analysis (2018-2023)
  • 5.5 France Forging Presses Sales Volume, Revenue, Import and Export Analysis (2018-2023)
  • 5.6 UK Forging Presses Sales Volume, Revenue, Import and Export Analysis (2018-2023)
  • 5.7 Italy Forging Presses Sales Volume, Revenue, Import and Export Analysis (2018-2023)
  • 5.8 Russia Forging Presses Sales Volume, Revenue, Import and Export Analysis (2018-2023)
  • 5.9 Spain Forging Presses Sales Volume, Revenue, Import and Export Analysis (2018-2023)
  • 5.10 Netherlands Forging Presses Sales Volume, Revenue, Import and Export Analysis (2018-2023)

6 Asia Pacific Forging Presses Market Analysis by Countries, Types and End Users

  • 6.1 Asia Pacific Forging Presses Sales Volume and Revenue Analysis by Countries (2018-2023)
  • 6.2 Asia Pacific Forging Presses Sales Volume and Revenue Analysis by Types (2018-2023)
  • 6.3 Asia Pacific Forging Presses Sales Volume and Revenue Analysis by End Users (2018-2023)
  • 6.4 China Forging Presses Sales Volume, Revenue, Import and Export Analysis (2018-2023)
  • 6.5 Japan Forging Presses Sales Volume, Revenue, Import and Export Analysis (2018-2023)
  • 6.6 Korea Forging Presses Sales Volume, Revenue, Import and Export Analysis (2018-2023)
  • 6.7 India Forging Presses Sales Volume, Revenue, Import and Export Analysis (2018-2023)
  • 6.8 Australia Forging Presses Sales Volume, Revenue, Import and Export Analysis (2018-2023)
  • 6.9 Indonesia Forging Presses Sales Volume, Revenue, Import and Export Analysis (2018-2023)
  • 6.10 Vietnam Forging Presses Sales Volume, Revenue, Import and Export Analysis (2018-2023)

7 Latin America Forging Presses Market Analysis by Countries, Types and End Users

  • 7.1 Latin America Forging Presses Sales Volume and Revenue Analysis by Countries (2018-2023)
  • 7.2 Latin America Forging Presses Sales Volume and Revenue Analysis by Types (2018-2023)
  • 7.3 Latin America Forging Presses Sales Volume and Revenue Analysis by End Users (2018-2023)
  • 7.4 Brazil Forging Presses Sales Volume, Revenue, Import and Export Analysis (2018-2023)
  • 7.5 Mexico Forging Presses Sales Volume, Revenue, Import and Export Analysis (2018-2023)
  • 7.6 Argentina Forging Presses Sales Volume, Revenue, Import and Export Analysis (2018-2023)
  • 7.7 Colombia Forging Presses Sales Volume, Revenue, Import and Export Analysis (2018-2023)

8 Middle East & Africa Forging Presses Market Analysis by Countries, Types and End Users

  • 8.1 Middle East & Africa Forging Presses Sales Volume and Revenue Analysis by Countries (2018-2023)
  • 8.2 Middle East & Africa Forging Presses Sales Volume and Revenue Analysis by Types (2018-2023)
  • 8.3 Middle East & Africa Forging Presses Sales Volume and Revenue Analysis by End Users (2018-2023)
  • 8.4 Turkey Forging Presses Sales Volume, Revenue, Import and Export Analysis (2018-2023)
  • 8.5 Saudi Arabia Forging Presses Sales Volume, Revenue, Import and Export Analysis (2018-2023)
  • 8.6 South Africa Forging Presses Sales Volume, Revenue, Import and Export Analysis (2018-2023)
  • 8.7 Egypt Forging Presses Sales Volume, Revenue, Import and Export Analysis (2018-2023)

9 Marketing Channel, Distributors and Traders Analysis

  • 9.1 Marketing Channel
    • 9.1.1 Direct Channel
    • 9.1.2 Indirect Channel
  • 9.2 Distributors and Traders

10 Global Forging Presses Market Forecast by Regions, Countries, Manufacturers, Types and End Users

  • 10.1 Global Sales Volume and Revenue Forecast of Forging Presses by Regions (2024-2029)
  • 10.2 Global Sales Volume and Revenue Forecast of Forging Presses by Types (2024-2029)
  • 10.3 Global Sales Volume and Revenue Forecast of Forging Presses by End Users (2024-2029)
  • 10.4 Global Revenue Forecast of Forging Presses by Countries (2024-2029)
    • 10.4.1 United States Revenue Forecast (2024-2029)
    • 10.4.2 Canada Revenue Forecast (2024-2029)
    • 10.4.3 Germany Revenue Forecast (2024-2029)
    • 10.4.4 France Revenue Forecast (2024-2029)
    • 10.4.5 UK Revenue Forecast (2024-2029)
    • 10.4.6 Italy Revenue Forecast (2024-2029)
    • 10.4.7 Russia Revenue Forecast (2024-2029)
    • 10.4.8 Spain Revenue Forecast (2024-2029)
    • 10.4.9 Netherlands Revenue Forecast (2024-2029)
    • 10.4.10 China Revenue Forecast (2024-2029)
    • 10.4.11 Japan Revenue Forecast (2024-2029)
    • 10.4.12 Korea Revenue Forecast (2024-2029)
    • 10.4.13 India Revenue Forecast (2024-2029)
    • 10.4.14 Australia Revenue Forecast (2024-2029)
    • 10.4.15 Indonesia Revenue Forecast (2024-2029)
    • 10.4.16 Vietnam Revenue Forecast (2024-2029)
    • 10.4.17 Brazil Revenue Forecast (2024-2029)
    • 10.4.18 Mexico Revenue Forecast (2024-2029)
    • 10.4.19 Argentina Revenue Forecast (2024-2029)
    • 10.4.20 Colombia Revenue Forecast (2024-2029)
    • 10.4.21 Turkey Revenue Forecast (2024-2029)
    • 10.4.22 Saudi Arabia Revenue Forecast (2024-2029)
    • 10.4.23 South Africa Revenue Forecast (2024-2029)
    • 10.4.24 Egypt Revenue Forecast (2024-2029)

11 Industry Chain Analysis of Forging Presses

  • 11.1 Upstream Major Raw Materials and Equipment Suppliers Analysis of Forging Presses
    • 11.1.1 Major Raw Materials Suppliers with Contact Information Analysis of Forging Presses
    • 11.1.2 Major Equipment Suppliers with Contact Information Analysis of Forging Presses
  • 11.2 Downstream Major Consumers Analysis of Forging Presses
  • 11.3 Major Suppliers of Forging Presses with Contact Information
  • 11.4 Supply Chain Relationship Analysis of Forging Presses

12 Forging Presses New Project Investment Feasibility Analysis

  • 12.1 Forging Presses New Project SWOT Analysis
  • 12.2 Forging Presses New Project Investment Feasibility Analysis
    • 12.2.1 Project Name
    • 12.2.2 Investment Budget
    • 12.2.3 Project Product Solutions
    • 12.2.4 Project Schedule

13 Forging Presses Research Findings and Conclusion

    14 Appendix

    • 14.1 Research Methodology
    • 14.2 References and Data Sources
      • 14.2.1 Primary Sources
      • 14.2.2 Secondary Paid Sources
      • 14.2.3 Secondary Public Sources
    • 14.3 Abbreviations and Units of Measurement
    • 14.4 Author Details

    Summary:
    Get latest Market Research Reports on Forging Presses. Industry analysis & Market Report on Forging Presses is a syndicated market report, published as Global Forging Presses Market Report 2018-2029. It is complete Research Study and Industry Analysis of Forging Presses market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.

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