Global Straight Forging Press Market Growth 2023-2029

Global Straight Forging Press Market Growth 2023-2029

The global Straight Forging Press market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

The market prospect for straight forging presses is favorable and poised for growth. The demand for forged metal components in industries such as automotive, aerospace, energy, and manufacturing is driving the market. Straight forging presses offer precise control and high force capabilities, enabling the production of high-quality parts with excellent mechanical properties. Continuous advancements in machine design, control systems, and automation further enhance their productivity and efficiency. As industries seek to streamline their manufacturing processes and achieve cost-effectiveness, the market for straight forging presses is expected to expand. Moreover, the increasing adoption of advanced manufacturing techniques and the need for reliable, versatile, and efficient forging solutions contribute to the positive market outlook.

The straight forging press is a type of machine used in the metal forging industry to shape and form metal workpieces through the application of mechanical force. It is a specialized equipment designed specifically for the forging process. The press consists of a fixed bed or anvil and a moving ram or hammer that applies vertical force onto the workpiece. This vertical force is generated by a hydraulic system or mechanical drive, such as a crankshaft or eccentric mechanism. The press may also have auxiliary equipment like die holders, heating elements, and cooling systems for specific forging requirements. Straight forging presses are commonly used for various forging operations, including closed-die forging, open-die forging, and upset forging. They are capable of generating high forces to deform and shape the metal workpiece. The tonnage capacity of these presses can vary depending on the size and requirements of the forging project. The market prospect for straight forging presses is primarily driven by the demand for forged metal components in industries such as automotive, aerospace, energy, and manufacturing. These presses offer precise control over the forging process, resulting in high-quality parts with excellent mechanical properties. The ability to handle different materials and produce complex shapes makes straight forging presses versatile and valuable in the metalworking industry. The market for straight forging presses is expected to grow steadily due to the increasing adoption of advanced manufacturing techniques and the need for efficient, reliable, and cost-effective forging solutions. Technological advancements in machine design, control systems, and automation further enhance the capabilities and productivity of these presses.

LPI (LP Information)' newest research report, the “Straight Forging Press Industry Forecast” looks at past sales and reviews total world Straight Forging Press sales in 2022, providing a comprehensive analysis by region and market sector of projected Straight Forging Press sales for 2023 through 2029. With Straight Forging Press sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Straight Forging Press industry.

This Insight Report provides a comprehensive analysis of the global Straight Forging Press landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Straight Forging Press portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Straight Forging Press market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Straight Forging Press and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Straight Forging Press.

This report presents a comprehensive overview, market shares, and growth opportunities of Straight Forging Press market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Hot Forging Straight Forging Press
Cold Forging Straight Forging Press

Segmentation by application
Aerospace
Automotive
Vessel
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Mori Iron Works
Komatsu
Sumitomo
Mitsubishi
Hitachi
Amada
Stamtec
AIDA Engineering
Isgec Heavy Engineering
World Precise Machinery
China Forging Machinery
Yangzhou Forging Machine Tool
Qingdao Hongda Metal Forming Machinery
Guangdong Metalforming Machine Works
Zhongshan Shenglong Presses
Jiangsu Baojie Forging and Stamping
Anyang Forging Press Numerical Control Equipment
Jiangsu Tongyu Forging Press
Liyang Jinkun Forging & Machining
Xuzhou Dayi Metalforming Equipment
Yangli Group

Key Questions Addressed in this Report

What is the 10-year outlook for the global Straight Forging Press market?

What factors are driving Straight Forging Press market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Straight Forging Press market opportunities vary by end market size?

How does Straight Forging Press break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.