Forging Presses Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Forging press machine is used in the process of shaping a metal that is placed between two dies by applying mechanical pressure. The mechanical forging press machine converts the rotation of the motor into linear motion of the ram. The mechanical forging press machine are chosen by the end use industries based on the characteristics of manufacturing process. These mechanical forging press machines are commonly used in metal forging and sheet metal applications.

MARKET DYNAMICS

Growth in the automotive industry is driving the growth of the forging presses market. However, the rising adoption of CNC hybrid presses may restrain the growth of the forging presses market. Furthermore, the developments in drive mechanism and advanced technologies get integrated the adoption rate for forging press machine has increased is anticipated to create a market opportunity for the forging presses market during the forecast period.

MARKET SCOPE

The "Global Forging Presses Market Analysis To 2031" is a specialized and in-depth study of the manufacturing and construction industry with a special focus on the global market trend analysis. The forging presses market report aims to provide an overview of the forging presses market with detailed market segmentation by product, application, and geography. The global forging presses market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading forging presses market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global forging presses market is segmented on the basis of product and application. Based on product, the forging presses market is segmented into: open die forging, closed die forging, extrusion, and others. On the basis of application, the forging presses market is segmented into: automotive, mining, construction, aerospace and defense, agriculture, and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global forging presses market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The forging presses market by each region is later sub-segmented by respective countries and segments. The forging presses market report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the forging presses market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis highlighting factors affecting the forging presses market in these regions.

IMPACT OF COVID-19 ON FORGING PRESSES MARKET
The COVID-19 pandemic has shaken manufacturing industries profoundly. Several countries witnessed a significant surge in cases in 2021, which led them to shut down business and manufacturing operations for a few months. The surge in number of COVID-19 cases and shutting down of business operations for months, manufacturers had to continue the production of essential products, resume it earlier than other businesses. Further, since manufacturing facilities across the globe were completely shut down for months, the manufacturers of forging presses faced several challenges related to procuring raw material and keeping up with the overall stock, among others. However, since the beginning of 2021, governments of various countries across the globe have expedited the vaccination process, and currently the number of COVID-19 cases in the region is reducing. Seeing this, the government authority has now opened up the economy, and various industries are now functional with more stringent sanitation guidelines. This has led to creation of demand of advance forging presses.

MARKET PLAYERS

The reports cover key developments in the forging presses market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from forging presses market are anticipated to lucrative growth opportunities in the future with the rising demand for filter products in the global market. Below mentioned is the list of few companies engaged in the forging presses market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the forging presses market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   AIDA
•   Ajax CECO
•   Fagor Arrasate
•   Komatsu Limited
•   Kurimoto, Ltd.
•   Mitsubishi Nagasaki Machinery Mfg.Co.,Ltd.
•   Schuler group
•   SMS Group
•   Sumitomo Corporation
•   TMP Press

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Forging Presses Report Scope