Market Overview:
The global hot forging machines market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for automobiles and engineering machinery across the globe. Additionally, factors such as rising disposable income and technological advancements are also contributing to the growth of this market. The global hot forging machines market is segmented on the basis of type, application, and region. On the basis of type, it is divided into below 10000 KN, 10000-100000 KN, and above 100000 KN segments. The automotive industry segment dominates this market with a share of more than 50%. This can be attributed to increase in production capacity for passenger cars globally coupled with stringent emission norms being implemented by various governments across different regions worldwide.
Product Definition:
A hot forging machine is any machine that uses heat to shape metal. The most common type of hot forging machines are hammers and presses. Hammers use a heavy weight to strike the metal while presses use a large amount of force to push the metal into a die.
Below 10000 KN:
Below 10000 KN, it's usage.
The global hot forging machines market size was valued at USD 6.5 billion in 2016.
10000-100000 KN:
The 10000-100000 KN is the heat treatment temperature range for steel. It has a significant impact on the microstructure and properties of hot forging. The higher end of this range, i.e., above 16000 degrees Celsius, results in an increase in carbon content and lower yield stress; whereas, below 10000 degrees Celsius leads to an increase in grain size and high yield stress (hyperstoke).
Application Insights:
The automotive industry was the largest application segment in 2017 and accounted for a market share of over 30% in terms of revenue. The growth can be attributed to increasing production capacities across major economies including China, India, U.S., South Korea and Japan. Forging is used extensively in the automotive industry as it allows heat treatment processes such as quenching & tempering, normalizing & hardening which are usually done by another process such as casting or machining.
Hardware tools were the second-largest application segment accounting for a share of 28% in terms of volume during 2017 owing to its extensive use across construction industries worldwide including steel structures, heavy machinery parts along with high strength materials forged from low carbon steels or non-alloyed steel alloys that are hardened using techniques like hot isostatic pressing (HIP) or cold work hardening.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to some of the largest automotive, construction, and engineering machinery markets across the globe. China has been at the forefront of Asia Pacific growth owing to a surge in domestic demand for heavy machinery along with increasing investments from foreign players operating within China’s borders.
Europe accounted for more than 20% share of global revenue in 2017 owing to high demand from several end-use industries including aerospace & defense, automotive, energy & power generation as well as others.
Growth Factors:
- Increasing demand for automobiles due to rising population and income levels in developing countries is expected to drive the growth of the hot forging machines market over the forecast period.
- Growing demand for lightweight and fuel-efficient vehicles is also anticipated to boost the demand for hot forging machines in the automotive industry.
- Rising adoption of advanced manufacturing technologies, such as 3D printing, is projected to create new opportunities for the hot forging machines market during the forecast period.
- Increasing investments by key players in research and development activities are expected to result in innovations and technological advancements in this market, which will further boost its growth prospects over the next few years. 5) The growing popularity of electric vehicles is anticipated to create new opportunities for manufacturers of hot forging machines over the forecast period
Scope Of The Report
Report Attributes
Report Details
Report Title
Hot Forging Machines Market Research Report
By Type
Below 10000 KN, 10000-100000 KN, Above 100000 KN
By Application
Automotive Industry, Hardware Tools, Engineering Machinery, Others
By Companies
Berco, SMS, Sumitomo, TMP, Schuler, Fagor Arrasate, Komatsu, Lasco, Kurimoto, First Heavy, Berco, Ajax, Mitsubishi, Erie, J&H, Qingdao Yiyou, Yandon, NHI, China National Erzhong Group
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
146
Number of Tables & Figures
103
Customization Available
Yes, the report can be customized as per your need.
Global Hot Forging Machines Market Report Segments:
The global Hot Forging Machines market is segmented on the basis of:
Types
Below 10000 KN, 10000-100000 KN, Above 100000 KN
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automotive Industry, Hardware Tools, Engineering Machinery, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Berco
- SMS
- Sumitomo
- TMP
- Schuler
- Fagor Arrasate
- Komatsu
- Lasco
- Kurimoto
- First Heavy
- Berco
- Ajax
- Mitsubishi
- Erie
- J&H
- Qingdao Yiyou
- Yandon
- NHI
- China National Erzhong Group
Highlights of The Hot Forging Machines Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Below 10000 KN
- 10000-100000 KN
- Above 100000 KN
- By Application:
- Automotive Industry
- Hardware Tools
- Engineering Machinery
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Hot Forging Machines Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Hot forging machines are used to create parts from a variety of metals, including aluminum, brass and steel. The machine uses a high-temperature furnace to heat the metal until it becomes malleable. This allows the machine to create intricate shapes without having to use any other tools or techniques.
Some of the major companies in the hot forging machines market are Berco, SMS, Sumitomo, TMP, Schuler, Fagor Arrasate, Komatsu, Lasco, Kurimoto, First Heavy, Berco, Ajax, Mitsubishi, Erie, J&H, Qingdao Yiyou, Yandon, NHI, China National Erzhong Group.
The hot forging machines market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Hot Forging Machines Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Hot Forging Machines Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Hot Forging Machines Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Hot Forging Machines Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Hot Forging Machines Market Size & Forecast, 2020-2028
4.5.1 Hot Forging Machines Market Size and Y-o-Y Growth
4.5.2 Hot Forging Machines Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Below 10000 KN
5.2.2 10000-100000 KN
5.2.3 Above 100000 KN
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Automotive Industry
6.2.2 Hardware Tools
6.2.3 Engineering Machinery
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Hot Forging Machines Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Hot Forging Machines Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Below 10000 KN
9.6.2 10000-100000 KN
9.6.3 Above 100000 KN
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Automotive Industry
9.10.2 Hardware Tools
9.10.3 Engineering Machinery
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Below 10000 KN
10.6.2 10000-100000 KN
10.6.3 Above 100000 KN
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Automotive Industry
10.10.2 Hardware Tools
10.10.3 Engineering Machinery
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Below 10000 KN
11.6.2 10000-100000 KN
11.6.3 Above 100000 KN
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Automotive Industry
11.10.2 Hardware Tools
11.10.3 Engineering Machinery
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Below 10000 KN
12.6.2 10000-100000 KN
12.6.3 Above 100000 KN
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Automotive Industry
12.10.2 Hardware Tools
12.10.3 Engineering Machinery
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Below 10000 KN
13.6.2 10000-100000 KN
13.6.3 Above 100000 KN
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Automotive Industry
13.10.2 Hardware Tools
13.10.3 Engineering Machinery
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Hot Forging Machines Market: Competitive Dashboard
14.2 Global Hot Forging Machines Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Berco
14.3.2 SMS
14.3.3 Sumitomo
14.3.4 TMP
14.3.5 Schuler
14.3.6 Fagor Arrasate
14.3.7 Komatsu
14.3.8 Lasco
14.3.9 Kurimoto
14.3.10 First Heavy
14.3.11 Berco
14.3.12 Ajax
14.3.13 Mitsubishi
14.3.14 Erie
14.3.15 J&H
14.3.16 Qingdao Yiyou
14.3.17 Yandon
14.3.18 NHI
14.3.19 China National Erzhong Group
