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Global Forging Presses Market 2017-2021

Global Forging Presses Market 2017-2021

About Forging Presses

Forging is a manufacturing process wherein a metal is processed by pressing, pounding, and squeezing it under high pressure, thereby transforming the metal into the size and shape required by customers. Th strength of forged parts is higher than those manufactured using other metalworking processes. Forged parts are used in creating parts of equipment that demand high reliability and safety. For instance, they are used in automobiles, aircraft, engines, ships, oil drilling equipment, and missiles. Forged parts vary distinctly from each other in terms of size, shape, and sophistication. The dies, used to make forged parts, are manufactured using forging. Forged parts are used in common equipment such as hammers and wrenches, as well as in close tolerance precision components that are used in aircraft and spacecraft. For instance, the Boeing 747 has more than 18,000 forged parts.

Technavio’s analysts forecast the global forging presses market to grow at a CAGR of 10.16% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global forging presses market for 2017-2021. To calculate the market size, the report covers the current market scenario and forecasts. The report also includes the segmentation of the market on the basis of geography.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Forging Presses Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Ajax CECO
  • Anyang Forging Press
  • ERIE Press Systems
  • Schuler
  • Sumitomo Heavy Industries
Other prominent vendors
  • China National Erzhong Group
  • Isgec Heavy Engineering
  • J&H Press
  • JSC Tjazhmekhpress
  • Komatsu
  • Kurimoto
  • Lien Chieh Machinery
  • Northern Heavy Industries Group
  • QingDao Rungchang YiYou Machinery
  • SMS group
Market driver
  • Growing demand for renewable energy equipment.
  • For a full, detailed list, view our report
Market challenge
  • Lack of skilled labor in the manufacturing sector.
  • For a full, detailed list, view our report
Market trend
  • Development of first-ever all-in-one 3D printing, casting, and forging techniques.
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Key market highlights
      • Table Key end-users of forging components
      • Table Types of forging plants
      • Table Typical metals that can be forged
      • Table Equipment used for forging
      • Table Current market scenario and future prospects of each region 2016 and 2021
  • Market landscape
    • Market overview
      • Table Market overview
    • Market size and forecast
      • Table Global forging presses market 2016-2021 ($ billions)
      • Table Projected growth of middle class 2015, 2025, and 2035 (in millions)
      • Table Vehicle sales in first half of 2012 and first half of 2016 (in millions)
    • Five forces analysis
      • Table Five forces analysis
  • Geographical segmentation
    • Market overview
      • Table Market share of each geographic segment 2016 and 2021
    • APAC
      • Table Forging presses market in APAC 2016-2021 ($ billions)
      • Table Targets set by the forging presses industry in China for 2020
      • Table Forging production by end-user industry in Japan 2015
      • Table Classification of forging plants in India
    • EMEA
      • Table EMEA forging press market 2016-2021 ($ billions)
      • Table Share of European countries in forging market in EMEA 2015
    • Americas
      • Table Forging presses market in the Americas 2016-2021 ($ billions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Advantages of forging over casting
      • Table Source of global energy consumption 2014
      • Table Key indicators for a few renewables 2004, 2013, and 2014
      • Table Top five countries in terms of renewable energy capacity/generation 2014
    • Impact of drivers on key customer segments
      • Table Impact of drivers
    • Market challenges
      • Table Hourly compensation costs in manufacturing industry 2008-2012 ($)
      • Table Cost of copper 2016 ($/MT)
      • Table Cost of iron ore August 2014-August 2015 ($/MT)
      • Table Cost of stainless steel June 2014 to May 2015 ($/ton)
      • Table Technological limitations faced by forging industry
    • Impact of challenges on key customer segments
      • Table Impact of challenges
  • Market trends
    • Introduction of hybrid forging techniques
    • Integration of IoT with forging technology
    • Development of first-ever all-in-one 3D printing, casting, and forging techniques
  • Vendor landscape
    • Competitive scenario
      • Table Key vendors in the global forging presses market
    • Risks faced by the vendors in the forging press market
      • Table Major risks
    • Other prominent vendors
  • Key vendor analysis
    • Ajax CECO
      • Table Product portfolio of Ajax CECO
    • Anyang Forging Press
      • Table Product portfolio of Anyang Forging Press
    • ERIE Press Systems
      • Table Product portfolio of ERIE press systems
    • Schuler
      • Table Main business divisions of Schuler
      • Table Product portfolio of Schuler
    • Sumitomo Heavy Industries
      • Table Product portfolio for Sumitomo Heavy Industries
  • Appendix
    • List of abbreviations
  • Explore Technavio

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