Market Overview:
The global press 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 the automotive and engineering machinery industries. In terms of type, the closed die forging segment is expected to hold a major share of the global press forging machine market during the forecast period. This can be attributed to its ability to produce high-quality parts with tight tolerances as compared to open die forging and extrusion processes. In terms of application, the automotive industry is expected to hold a major share of the global press forging machine market during the forecast period.
Product Definition:
A press forging machine is a type of machine used to create objects from metal by pressing the metal into a die. This type of forging is often used to create parts with high precision and accuracy. The use of a press forging machine allows for greater control over the shape and size of the finished product, as well as improved consistency. Additionally, press forging can result in stronger parts than those created through other methods such as casting or machining.
Closed Die Forging:
Closed die forging is a process in which the dies are sealed inside the forging machine. The material being forged is placed between two metal sheets and then, pressed by hydraulic or mechanical means. This method provides several advantages over open die forging such as reduced cycle time, less wear & tear of machinery and also lesser man power requirement for operation.
Open Die Forging:
Open die forging is a process where the dies are forged open and then closed. The material is pressed in a die and then the completed item is cooled. This method allows for faster manufacturing but has some disadvantages such as, it can cause stress corrosion in the finished product, it requires more force to operate due to lack of cool down time etc.
Press forging machine uses this method for metal working which results into better quality products with less wastage & low cost etc.
Application Insights:
The automotive segment accounted for the largest market share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing production of passenger cars and light commercial vehicles across the globe, especially in China, India, South Korea and Japan. These machines are used for manufacturing various components including engine blocks & transmissions on account of their high precision required in several operations like block casting, gear box assembly etc., which is expected to propel industry demand over the coming years.
Press forging plays an important role in engineering machinery application segment as it offers flexibility while designing or upgrading existing machine tools due to its ability to produce high-precision parts with low cost per unit volume compared with other technologies such as CNC machining or automated robotics systems.
Regional Analysis:
Asia Pacific dominated the global press forging machine market in 2017. The region is expected to continue its dominance over the forecast period as well. This can be attributed to increasing automotive production and sales, coupled with growing industrialization across emerging economies such as India and China. In addition, rising demand for lightweight components using forged parts is anticipated to drive product adoption across various applications in APAC during the forecast period.
The North America regional market captured a revenue share of over 15% in 2017 owing to high demand from end-use industries such as automotive and aerospace that are adopting forged components owing to their superior characteristics compared to machined ones at a lower cost per part thus reducing operational costs for manufacturers operating within these industries.
Growth Factors:
- Increasing demand for lightweight and high-strength materials in automotive and aerospace industries
- Growing popularity of press forging as a manufacturing process over traditional forging methods
- Rising investments in research and development activities for the development of new press forging technologies
- Emergence of Industry 4.0 concept that favors the use of advanced manufacturing technologies such as press forging
- Proliferation of small and medium-sized enterprises (SMEs) that are increasingly adopting press forging technology to stay competitive
Scope Of The Report
Report Attributes
Report Details
Report Title
Press Forging Machine Market Research Report
By Type
Closed Die Forging, Open Die Forging, Extrusion, Others
By Application
Automotive, Hardware Tools, Engineering Machinery, Others
By Companies
SMS (DE), Komatsu (JP), Sumitomo (JP), TMP (RU), Schuler (DE), Ajax (US), Aida (JP), Kurimoto (JP), Fagor Arrasate (ES), Mitsubishi (JP), Lasco (DE), Ficep (IT), First Heavy (CN), Stamtec (US), Erie (US), Beckwood (US), Erzhong (CN), J&H (KR), Mecolpress (IT)
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
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Press Forging Machine Market Report Segments:
The global Press Forging Machine market is segmented on the basis of:
Types
Closed Die Forging, Open Die Forging, Extrusion, 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
Automotive, 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:
- SMS (DE)
- Komatsu (JP)
- Sumitomo (JP)
- TMP (RU)
- Schuler (DE)
- Ajax (US)
- Aida (JP)
- Kurimoto (JP)
- Fagor Arrasate (ES)
- Mitsubishi (JP)
- Lasco (DE)
- Ficep (IT)
- First Heavy (CN)
- Stamtec (US)
- Erie (US)
- Beckwood (US)
- Erzhong (CN)
- J&H (KR)
- Mecolpress (IT)
Highlights of The Press 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:
- Closed Die Forging
- Open Die Forging
- Extrusion
- Others
- By Application:
- Automotive
- 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 Press 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 press forging machine is a type of industrial machinery used to produce metal parts by pressing them from a die. The dies are usually made from steel or aluminum and have patterns that create the desired shape for the part being produced. The metal is heated until it reaches its molten state, then forced through the die to form the part.
Some of the major companies in the press forging machine market are SMS (DE), Komatsu (JP), Sumitomo (JP), TMP (RU), Schuler (DE), Ajax (US), Aida (JP), Kurimoto (JP), Fagor Arrasate (ES), Mitsubishi (JP), Lasco (DE), Ficep (IT), First Heavy (CN), Stamtec (US), Erie (US), Beckwood (US), Erzhong (CN), J&H (KR), Mecolpress (IT).
The press forging machine market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Press Forging Machine Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Press Forging Machine Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Press Forging Machine Market - Supply Chain
4.5. Global Press Forging Machine Market Forecast
4.5.1. Press Forging Machine Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Press Forging Machine Market Size (000 Units) and Y-o-Y Growth
4.5.3. Press Forging Machine Market Absolute $ Opportunity
5. Global Press Forging Machine Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Press Forging Machine Market Size and Volume Forecast by Type
5.3.1. Closed Die Forging
5.3.2. Open Die Forging
5.3.3. Extrusion
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Press Forging Machine Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Press Forging Machine Market Size and Volume Forecast by Application
6.3.1. Automotive
6.3.2. Hardware Tools
6.3.3. Engineering Machinery
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Press Forging Machine Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Press Forging Machine Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Press Forging Machine Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Press Forging Machine Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Press Forging Machine Demand Share Forecast, 2019-2026
9. North America Press Forging Machine Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Press Forging Machine Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Press Forging Machine Market Size and Volume Forecast by Application
9.4.1. Automotive
9.4.2. Hardware Tools
9.4.3. Engineering Machinery
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Press Forging Machine Market Size and Volume Forecast by Type
9.7.1. Closed Die Forging
9.7.2. Open Die Forging
9.7.3. Extrusion
9.7.4. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Press Forging Machine Demand Share Forecast, 2019-2026
10. Latin America Press Forging Machine Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Press Forging Machine Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Press Forging Machine Market Size and Volume Forecast by Application
10.4.1. Automotive
10.4.2. Hardware Tools
10.4.3. Engineering Machinery
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Press Forging Machine Market Size and Volume Forecast by Type
10.7.1. Closed Die Forging
10.7.2. Open Die Forging
10.7.3. Extrusion
10.7.4. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Press Forging Machine Demand Share Forecast, 2019-2026
11. Europe Press Forging Machine Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Press Forging Machine Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Press Forging Machine Market Size and Volume Forecast by Application
11.4.1. Automotive
11.4.2. Hardware Tools
11.4.3. Engineering Machinery
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Press Forging Machine Market Size and Volume Forecast by Type
11.7.1. Closed Die Forging
11.7.2. Open Die Forging
11.7.3. Extrusion
11.7.4. Others
11.8. Basis Point Sare (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Press Forging Machine Demand Share, 2019-2026
12. Asia Pacific Press Forging Machine Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Press Forging Machine Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Press Forging Machine Market Size and Volume Forecast by Application
12.4.1. Automotive
12.4.2. Hardware Tools
12.4.3. Engineering Machinery
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Press Forging Machine Market Size and Volume Forecast by Type
12.7.1. Closed Die Forging
12.7.2. Open Die Forging
12.7.3. Extrusion
12.7.4. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Press Forging Machine Demand Share, 2019-2026
13. Middle East & Africa Press Forging Machine Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Press Forging Machine Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Press Forging Machine Market Size and Volume Forecast by Application
13.4.1. Automotive
13.4.2. Hardware Tools
13.4.3. Engineering Machinery
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Press Forging Machine Market Size and Volume Forecast by Type
13.7.1. Closed Die Forging
13.7.2. Open Die Forging
13.7.3. Extrusion
13.7.4. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Press Forging Machine Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Press Forging Machine Market: Market Share Analysis
14.2. Press Forging Machine Distributors and Customers
14.3. Press Forging Machine Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. SMS (DE)
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Komatsu (JP)
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Sumitomo (JP)
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. TMP (RU)
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Schuler (DE)
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Ajax (US)
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Aida (JP)
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Kurimoto (JP)
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Fagor Arrasate (ES)
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Mitsubishi (JP)
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Lasco (DE)
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Ficep (IT)
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. First Heavy (CN)
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Stamtec (US)
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Erie (US)
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Beckwood (US)
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Erzhong (CN)
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. J&H (KR)
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Mecolpress (IT)
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
