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.
There are only few major producer of forging presses in the world. And the major producer located in the EU and Japan, such as SMS group, Komatsu, Sumitomo, TMP and Schuler. These five companies occupied 56.30% market share.
Global forging presses production was about 226 units in 2011, and this data reached to 242 units in 2015, will reach to 272 units in 2016. The average growth is about 3.92% from 2011 to 2016. EU was the largest production regions, occupied 39.57% share in 2015, followed by Japan, about 35.46%share.
EU was the largest consumption region, occupied 33.47% market share in 2015, because economy development rapidly. In the next few years, this industry will keep 5.25% annual growth rate, and the production will reach to 351 units in 2021.
Despite the presence of competition problems, the global recovery trend is clear, forging presses retains its advantage in fastener and shaped pieces produce, investors are still optimistic about this area; the future will still have more new investment enter the field. Although sales of forging presses brought a lot of opportunity, the study group recommends the new entrants just having money but without technical advantage and downstream support do not to enter into the forging presses field.
According to this study, over the next five years the Forging Presses market will register a 1.5% CAGR in terms of revenue, the global market size will reach US$ 1980 million by 2024, from US$ 1810 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Forging Presses business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Forging Presses market by product type, application, key manufacturers and key regions and countries.
This study considers the Forging Presses value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
    Closed Die Forging
    Open Die Forging
    Extrusion Presses
    Other
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
    Automotive
    Hardware tools
    Engineering machinery
    Others
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
        Spain
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
    SMS
    Komatsu
    Sumitomo
    TMP
    Schuler
    Ajax
    Aida
    Kurimoto
    Fagor Arrasate
    Mitsubishi
    Lasco
    Ficep
    First Heavy
    Stamtec
    Erie
    Beckwood
    Erzhong
    J&H
    Mecolpress
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
    To study and analyze the global Forging Presses consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
    To understand the structure of Forging Presses market by identifying its various subsegments.
    Focuses on the key global Forging Presses manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
    To analyze the Forging Presses with respect to individual growth trends, future prospects, and their contribution to the total market.
    To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
    To project the consumption of Forging Presses submarkets, with respect to key regions (along with their respective key countries).
    To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
    To strategically profile the key players and comprehensively analyze their growth strategies.
Summary: 
Get latest Market Research Reports on  Forging Presses . Industry analysis & Market Report on  Forging Presses  is a syndicated market report, published as Global Forging Presses Market Growth 2019-2024. It is complete Research Study and Industry Analysis of  Forging Presses  market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.