Market Overview:
The global metal forging machine market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for forged parts in various end-use industries, such as aerospace, shipping, power industry, oil & gas and construction machinery. In addition, the growing demand for lightweight and high-strength materials is also propelling the growth of the global metal forging machine market. Based on type, the carbon steel forging segment is estimated to account for a major share of the global metal forging machine market in 2018. This can be attributed to its high strength-to-weight ratio and corrosion resistance properties as compared with other types of metals.
Product Definition:
A metal forging machine is a device that uses heat and pressure to form metal into desired shapes. This type of machine is often used in manufacturing, where it can be used to create parts for everything from cars to kitchen appliances. Metal forging machines are important because they allow manufacturers to quickly and easily create the parts they need for their products.
Carbon Steel Forging:
Carbon steel forging is a process in which the metal is heated and then it's rolled into a workpiece by means of a machine. The carbon steel has been widely used owing to its properties such as ductility, malleability, high strength and low cost. In the past few years, aluminum has been replacing iron in various applications including railways vehicles & equipment; automobiles; shipbuilding; aircraft parts manufacturing among others owing to its lightweight property.
Alloy Steel Forging:
Alloy steel forging is a process in which two pieces of metal are heated and then they are pressed together with the help of hydraulic press. The main objective behind this process is to create internal pressure in order to get rid of the external forces acting on the parts. In addition, it also helps in producing high strength material as compared to carbon steel products.
The global metal forging machine market size was valued at USD 6,47 billion in 2016.
Application Insights:
The aerospace segment accounted for the largest revenue share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand from commercial aviation sector, which has been suffering due to passenger traffic decline owing to rise in air fares and other economic factors.
For example, according to Boeing¢â‚¬â„¢s 2016 annual Report on Trends in Commercial Aviation, global passenger travel declined by 3% compared with 2015 while cargo travel increased by 5%. This trend is expected continue over next few years as well owing to increase competition among airlines resulting in fall of Passenger Load Factor (PLF). PLF measures the percentage of seats filled on a flight based on an average fare per seat.
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 several emerging economies, including China, India, Indonesia and Vietnam. Growing industrialization coupled with increasing investments in metal forging machinery production by developing countries such as China and India are anticipated to drive demand over the next eight years.
The Asia Pacific was followed by Europe which accounted for a revenue share of more than 20% in 2017 owing to high demand from automotive industry on account of rising vehicle manufacturing activities across major countries including Germany, France Italy Spain Russia U.K.
Growth Factors:
- Increasing demand for automobiles due to rising population and income levels in developing countries is expected to drive the growth of the metal forging machine market.
- The growing popularity of lightweight vehicles is also anticipated to fuel the demand for metal forging machines in the coming years.
- Rapid industrialization and urbanization are other key factors that are expected to boost the market growth in future.
- Rising investments by key players in research and development activities is also projected to propel the market growth over the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Metal Forging Machine Market Research Report
By Type
Carbon Steel Forging, Alloy Steel Forging, Aluminum Alloy Forging, Magnesium Alloy Forging, Titanium Alloy Forging, Others
By Application
Aerospace, Shipping, Power Industry, Oil & Gas, Construction Machinery, Others
By Companies
SMS, Komatsu, Sumitomo, TMP, Schuler, Ajax, Aida, Kurimoto, Fagor Arrasate, Mitsubishi, SMS, Ficep, First Heavy, Stamtec, Erie, Beckwood, Erzhong, J&H, Mecolpress
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
213
Number of Tables & Figures
150
Customization Available
Yes, the report can be customized as per your need.
Global Metal Forging Machine Market Report Segments:
The global Metal Forging Machine market is segmented on the basis of:
Types
Carbon Steel Forging, Alloy Steel Forging, Aluminum Alloy Forging, Magnesium Alloy Forging, Titanium Alloy Forging, Others
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
Aerospace, Shipping, Power Industry, Oil & Gas, Construction 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:
- SMS
- Komatsu
- Sumitomo
- TMP
- Schuler
- Ajax
- Aida
- Kurimoto
- Fagor Arrasate
- Mitsubishi
- SMS
- Ficep
- First Heavy
- Stamtec
- Erie
- Beckwood
- Erzhong
- J&H
- Mecolpress
Highlights of The Metal Forging Machine 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:
- Carbon Steel Forging
- Alloy Steel Forging
- Aluminum Alloy Forging
- Magnesium Alloy Forging
- Titanium Alloy Forging
- Others
- By Application:
- Aerospace
- Shipping
- Power Industry
- Oil & Gas
- Construction 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 Metal Forging Machine 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.
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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?
A metal forging machine is a device used to create objects from metal by heating the metal until it becomes malleable and then shaping it into the desired object.
Some of the major companies in the metal forging machine market are SMS, Komatsu, Sumitomo, TMP, Schuler, Ajax, Aida, Kurimoto, Fagor Arrasate, Mitsubishi, SMS, Ficep, First Heavy, Stamtec, Erie, Beckwood, Erzhong, J&H, Mecolpress.
The metal forging machine market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Metal Forging Machine 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 Metal Forging Machine Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Metal Forging Machine 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 Metal Forging Machine 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 Metal Forging Machine Market Size & Forecast, 2018-2028 4.5.1 Metal Forging Machine Market Size and Y-o-Y Growth 4.5.2 Metal Forging Machine Market Absolute $ Opportunity
Chapter 5 Global Metal Forging Machine 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 Metal Forging Machine Market Size Forecast by Type
5.2.1 Carbon Steel Forging
5.2.2 Alloy Steel Forging
5.2.3 Aluminum Alloy Forging
5.2.4 Magnesium Alloy Forging
5.2.5 Titanium Alloy Forging
5.2.6 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Metal Forging Machine 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 Metal Forging Machine Market Size Forecast by Applications
6.2.1 Aerospace
6.2.2 Shipping
6.2.3 Power Industry
6.2.4 Oil & Gas
6.2.5 Construction Machinery
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Metal Forging Machine 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 Metal Forging Machine 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 Metal Forging Machine Analysis and Forecast
9.1 Introduction
9.2 North America Metal Forging Machine 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 Metal Forging Machine Market Size Forecast by Type
9.6.1 Carbon Steel Forging
9.6.2 Alloy Steel Forging
9.6.3 Aluminum Alloy Forging
9.6.4 Magnesium Alloy Forging
9.6.5 Titanium Alloy Forging
9.6.6 Others
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 Metal Forging Machine Market Size Forecast by Applications
9.10.1 Aerospace
9.10.2 Shipping
9.10.3 Power Industry
9.10.4 Oil & Gas
9.10.5 Construction Machinery
9.10.6 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 Metal Forging Machine Analysis and Forecast
10.1 Introduction
10.2 Europe Metal Forging Machine 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 Metal Forging Machine Market Size Forecast by Type
10.6.1 Carbon Steel Forging
10.6.2 Alloy Steel Forging
10.6.3 Aluminum Alloy Forging
10.6.4 Magnesium Alloy Forging
10.6.5 Titanium Alloy Forging
10.6.6 Others
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 Metal Forging Machine Market Size Forecast by Applications
10.10.1 Aerospace
10.10.2 Shipping
10.10.3 Power Industry
10.10.4 Oil & Gas
10.10.5 Construction Machinery
10.10.6 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 Metal Forging Machine Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Metal Forging Machine 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 Metal Forging Machine Market Size Forecast by Type
11.6.1 Carbon Steel Forging
11.6.2 Alloy Steel Forging
11.6.3 Aluminum Alloy Forging
11.6.4 Magnesium Alloy Forging
11.6.5 Titanium Alloy Forging
11.6.6 Others
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 Metal Forging Machine Market Size Forecast by Applications
11.10.1 Aerospace
11.10.2 Shipping
11.10.3 Power Industry
11.10.4 Oil & Gas
11.10.5 Construction Machinery
11.10.6 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 Metal Forging Machine Analysis and Forecast
12.1 Introduction
12.2 Latin America Metal Forging Machine 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 Metal Forging Machine Market Size Forecast by Type
12.6.1 Carbon Steel Forging
12.6.2 Alloy Steel Forging
12.6.3 Aluminum Alloy Forging
12.6.4 Magnesium Alloy Forging
12.6.5 Titanium Alloy Forging
12.6.6 Others
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 Metal Forging Machine Market Size Forecast by Applications
12.10.1 Aerospace
12.10.2 Shipping
12.10.3 Power Industry
12.10.4 Oil & Gas
12.10.5 Construction Machinery
12.10.6 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) Metal Forging Machine Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Metal Forging Machine 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) Metal Forging Machine Market Size Forecast by Type
13.6.1 Carbon Steel Forging
13.6.2 Alloy Steel Forging
13.6.3 Aluminum Alloy Forging
13.6.4 Magnesium Alloy Forging
13.6.5 Titanium Alloy Forging
13.6.6 Others
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) Metal Forging Machine Market Size Forecast by Applications
13.10.1 Aerospace
13.10.2 Shipping
13.10.3 Power Industry
13.10.4 Oil & Gas
13.10.5 Construction Machinery
13.10.6 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 Metal Forging Machine Market: Competitive Dashboard
14.2 Global Metal Forging Machine Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 SMS
14.3.2 Komatsu
14.3.3 Sumitomo
14.3.4 TMP
14.3.5 Schuler
14.3.6 Ajax
14.3.7 Aida
14.3.8 Kurimoto
14.3.9 Fagor Arrasate
14.3.10 Mitsubishi
14.3.11 SMS
14.3.12 Ficep
14.3.13 First Heavy
14.3.14 Stamtec
14.3.15 Erie
14.3.16 Beckwood
14.3.17 Erzhong
14.3.18 J&H
14.3.19 Mecolpress