Forging is the operation where the metal is heated and then a force is applied to manipulates the metals in such a way that the required final shape is obtained. Forging is generally a hot working process though cold forging is used sometimes.
Press forging works by slowly applying a continuous pressure or force, which differs from the near-instantaneous impact of drop-hammer forging. The amount of time the dies are in contact with the work piece is measured in seconds (as compared to the milliseconds of drop-hammer forges). The press forging operation can be done either cold or hot.
The main advantage of press forging, as compared to drop-hammer forging, is its ability to deform the complete work piece. Drop-hammer forging usually only deforms the surfaces of the work piece in contact with the hammer and anvil; the interior of the work piece will stay relatively unreformed. Another advantage to the process includes the knowledge of the new part's strain rate. We specifically know what kind of strain can be put on the part, because the compression rate of the press forging operation is controlled.
This report contains market size and forecasts of Forging Presses in global, including the following market information:
Global Forging Presses Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Forging Presses Market Sales, 2017-2022, 2023-2028, (Units)
Global top five Forging Presses companies in 2021 (%)
The global Forging Presses market was valued at 9022.9 million in 2021 and is projected to reach US$ 11740 million by 2028, at a CAGR of 3.8% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Mechanical Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Forging Presses include Aida, Yangli Group, Yadon, Xuduan, World Group, TMP, Tianduan Press, Sumitomo and Stamtec, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Forging Presses manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Forging Presses Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global Forging Presses Market Segment Percentages, by Type, 2021 (%)
Mechanical
Hydraulic
Global Forging Presses Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global Forging Presses Market Segment Percentages, by Application, 2021 (%)
Automotive
Hardware Tools
General Machine
Home Appliances
Others
Global Forging Presses Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global Forging Presses Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Forging Presses revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Forging Presses revenues share in global market, 2021 (%)
Key companies Forging Presses sales in global market, 2017-2022 (Estimated), (Units)
Key companies Forging Presses sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Aida
Yangli Group
Yadon
Xuduan
World Group
TMP
Tianduan Press
Sumitomo
Stamtec
SMS Group
Siempelkamp
SEYI
Schuler
Rongcheng
QIQIHAR NO.2
Nantong Metalforming Equipment
Mitsubishi
Mecolpress
Lasco
Kurimoto
Komatsu
Jsc"Tjazhmekhpress"
JIER
J&H
Isgec Heavy Engineering
Huzhou Machine Tool
Hitachi Zosen
Hefei Metalforming
First Heavy
Ficep
Erzhong
Erie
Chin Fong
BRUDERER AG
Beckwood
Amada
Ajax-Ceco
Fagor Arrasate