The global Forging Presses market was valued at 1768.54 Million USD in 2021 and will grow with a CAGR of 3.9% from 2021 to 2027, based on HNY Research newly published report.

The prime objective of this report is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).

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.The market is low concentrated. SMS, Komatsu, Sumitomo are the leader companies globally. The top 5 manufacturers have market share of 55% in 2019. Closed Die Forging segment account for the largest consumption volume market share, accounting for 55% share in 2019. In the applications, automotive segment was estimated to account for the highest market share of 50% in 2019, hardware tools segment held 25% of the market share.

By Market Verdors:

SMS

Komatsu

Sumitomo

TMP

Schuler

Ajax

Aida

Kurimoto

Fagor Arrasate

Mitsubishi

Lasco

Ficep

First Heavy

Stamtec

Erie

Beckwood

Erzhong

J&H

Mecolpress

By Types:

Closed Die Forging

Open Die Forging

By Applications:

Automotive

Hardware Tools

Engineering Machinery

Key Indicators Analysed

Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.

Market Trends: Market key trends which include Increased Competition and Continuous Innovations.

Opportunities and Drivers: Identifying the Growing Demands and New Technology

Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

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