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ABSTRACT
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?
You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.
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?
You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
