Global Forging Presses Market 2023-2027
The forging presses market is forecasted to grow by USD 313.13 mn during 2022-2027, accelerating at a CAGR of 3.28% during the forecast period. The report on the forging presses market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by benefits of forging over casting, use of servo press in forging machines, and growing demand for renewable energy equipment.
Technavio's forging presses market is segmented as below:
By Application
- Automotive
- Aerospace
- Others
By Type
- Hydraulic
- Mechanical
- Others
By Geographical Landscape
- APAC
- Europe
- North America
- South America
- Middle East and Africa
This study identifies the introduction of hybrid forging techniques as one of the prime reasons driving the forging presses market growth during the next few years. Also, integration of IoT with forging technology and development of first-ever all-in-one 3D printing, casting, and forging techniques will lead to sizable demand in the market.
The report on the forging presses market covers the following areas:
- Forging presses market sizing
- Forging presses market forecast
- Forging presses market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading forging presses market vendors that include Andritz AG, Anyang Forging Press Group Machinery Industry Co. Ltd., Chin Fong Machine Industrial Co. Ltd., Ficep SpA, Komatsu Ltd., Kurimoto Ltd., LASCO Umformtechnik GmbH, Magnum Integrated Technologies Inc., Neff Press Inc., Park Ohio Holdings Corp., RATTAN HAMMERS, Santec Exim Pvt. Ltd., Sharma Presses, SMS group GmbH, Sumitomo Heavy Industries Ltd., Wepuko PAHNKE Engineering LP, AIDA Engineering Ltd., Beckwood Press, G.Siempelkamp GmbH and Co. KG, and JNH Press Co. Ltd.. Also, the forging presses market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.