Forging Press Machine Market Report 2024 (Global Edition)

Global Forging Press Machine Market Report 2024 Market Size Split by End Use (Automotive industry, Aerospace & Defense industry, Oil and gas industry, Power generation industry, Material handling), by...

Forging Press Machine Market Report Description

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Forging Press Machine Market Insights Video

Competitive Landscape of the Forging Press Machine Market

The competitive landscape of the Forging Press Machine market is characterized by a diverse range of players competing to gain market share through product innovation, strategic partnerships, and aggressive marketing efforts. Key players in the market include established electronics manufacturers, specialized Forging Press Machine companies, and emerging start-ups aiming to disrupt the market with innovative solutions.

Top Companies Market Share in Forging Press Machine Industry: (In no particular order of Rank)

• AIDA
• China National Erzhong Group
• ERIE Press Systems
• Fagor Arrasate
• Farinia Group
• Group Rhodes
• Komatsu
• Nidec Corporation
• Schuler Presses
• SHIEH YIH Machinery Industry
• Kurimoto
• STAMTEC
• SUTHERLAND PRESSES
• Worcester Presses
• SMS
• Ajax
• Sumitomo
• TMP
• Confidential Data
• Access The Paid Version
• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Forging Press Machine Market

Which Region Dominates the Forging Press Machine Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. North America is witnessing massive growth in the forging press machine market, driven with the aid of growing demand from the automobile, aerospace, and strength sectors. The region's emphasis on technological innovation, coupled with infrastructure improvement initiatives, is fueling marketplace enlargement. Moreover, stringent standards and the need for efficient production procedures are, in addition, propelling the adoption of forging press machines throughout various industries in North America.

Which Region is Expanding at the Fastest CAGR?

Europe stands out as the fastest-growing region in the Forging Press Machine market due to several compelling reasons. ?Europe is experiencing excellent growth inside the forging press machine marketplace, fueled by sturdy demand from the automotive, aerospace, and production industries. The area's awareness of sustainability, coupled with investments in infrastructure modernization and commercial automation, is driving the marketplace boom. Additionally, stringent regulatory standards and a dedication to innovation are bolstering the adoption of advanced forging press technology across Europe.

 

The current report Scope analyzes Forging Press Machine Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Forging Press Machine

According to Cognitive Market Research, the global Forging Press Machine market size was estimated at USD 9369.3 Million out of which North America held the major market of more than 40% of the global revenue with a market size of USD 3744.32 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.8% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Forging Press Machine market with a market size of USD 2956.95 million in 2024 and is projected to grow at a CAGR of 2.6% during the forecast period. The demand is amplified by the nation's infrastructure development boosts demand for modern storage solutions.
• The Canada Forging Press Machine market had a market share of USD 449.73 million in 2024 and is projected to grow at a CAGR of 3.6% during the forecast period. Canada's robust consumer demand and a diverse range of Level of Automations to increased usage of Forging Press Machine.
• The Mexico Forging Press Machine market is projected to witness growth at a CAGR of 3.3% during the forecast period with a market size of USD 341.04 million in 2024.

Europe Forging Press Machine

According to Cognitive Market Research, the global Forging Press Machine market size was estimated at USD 9369.3 Million out of which Europe held the market of more than 30% of the global revenue with a market size of USD 2810.79 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.1% from 2024 to 2031.

• The United Kingdom Forging Press Machine market had a market share of USD 472.21 million in 2024 and is projected to grow at a CAGR of 3.9% during the forecast period. In the UK, Forging Press Machine sales witness an upswing due to the nation's rising labor costs.
• The France Forging Press Machine market is projected to witness growth at a CAGR of 2.3% during the forecast period with a market size of USD 258.59 million in 2024.
• According to Cognitive Market Research, the Germany Forging Press Machine market size was valued at USD 556.54 million in 2024 and is projected to grow at a CAGR of 3.3% during the forecast period. In Germany, Forging Press Machine sales surge due to the expansion of automotive industry.
• The Italy Forging Press Machine market is projected to witness growth at a CAGR of 2.5% during the forecast period with a market size of USD 241.73 million in 2024.
• The Russia Forging Press Machine market is projected to witness growth at a CAGR of 2.1% during the forecast period with a market size of USD 435.67 million in 2024.
• The Spain Forging Press Machine market is projected to witness growth at a CAGR of 2.2% during the forecast period with a market size of USD 230.48 million in 2024
• The Luxembourg Forging Press Machine market is projected to witness growth at a CAGR of 3.2% during the forecast period with a market size of USD 87.13 million in 2024.
• The Portugal Forging Press Machine market is projected to witness growth at a CAGR of 2.9% during the forecast period with a market size of USD 59.03 million in 2024.
• The Greece Forging Press Machine market is projected to witness growth at a CAGR of 3.4% during the forecast period with a market size of USD 33.73 million in 2024.
• Rest of Europe Forging Press Machine market is projected to witness growth at a CAGR of 1.8% during the forecast period with a market size of USD 435.67 million in 2024.

Asia Pacific Forging Press Machine

According to Cognitive Market Research, the global Forging Press Machine market size was estimated at USD 9369.3 Million out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 2154.94 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.6% from 2024 to 2031.

• According to Cognitive Market Research, the China Forging Press Machine market size was valued at USD 969.72 million in 2024 and is projected to grow at a CAGR of 6.1% during the forecast period. Forging Press Machine sales surge in China due to the Rapid industrialization.
• The Japan Forging Press Machine market is projected to witness growth at a CAGR of 5.1% during the forecast period with a market size of USD 297.38 million in 2024.
• The India Forging Press Machine market had a market share of USD 258.59 million in 2024 and is projected to grow at a CAGR of 8.4% during the forecast period. The demand is augmented by India's government initiatives.
• The South Korea Forging Press Machine market is projected to witness growth at a CAGR of 5.7% during the forecast period with a market size of USD 215.49 million in 2024.
• The Australia Forging Press Machine market is projected to witness growth at a CAGR of 6.3% during the forecast period with a market size of USD 112.06 million in 2024.
• The South East Asia Forging Press Machine market is projected to witness growth at a CAGR of 7.6% during the forecast period with a market size of USD 148.69 million in 2024.
• The Rest of Asia Pacific Forging Press Machine market is projected to witness growth at a CAGR of 6.4% during the forecast period with a market size of USD 153.00 million in 2024.

South America Forging Press Machine

According to Cognitive Market Research, the global Forging Press Machine market size was estimated at USD 9369.3 Million out of which Latin America market of more than 5% of the global revenue with a market size of USD 468.47 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.0% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Forging Press Machine market size was valued at USD 200.50 million in 2024 and is projected to grow at a CAGR of 4.6% during the forecast period. Forging Press Machine sales flourish in Brazil due to the rising labor.
• Argentina Forging Press Machine market had a market share of USD 78.70 million in 2024 and is projected to grow at a CAGR of 4.9% during the forecast period. The demand is augmented by Argentina's technological advancements.
• Colombia Forging Press Machine market is projected to witness growth at a CAGR of 3.8% during the forecast period with a market size of USD 41.69 million in 2024.
• Peru Forging Press Machine market is projected to witness growth at a CAGR of 4.2% during the forecast period with a market size of USD 38.41 million in 2024.
• Chile Forging Press Machine market is projected to witness growth at a CAGR of 4.3% during the forecast period with a market size of USD 33.73 million in 2024.
• The Rest of Latin America Forging Press Machine market is projected to witness growth at a CAGR of 3.1% during the forecast period with a market size of USD 75.42 million in 2024.

Middle East and Africa Forging Press Machine

According to Cognitive Market Research, the global Forging Press Machine market size was estimated at USD 9369.3 Million out of which Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 187.39 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.3% from 2024 to 2031.

• The GCC Countries Forging Press Machine market is projected to witness growth at a CAGR of 5.1% during the forecast period with a market size of USD 80.20 million in 2024. Forging Press Machine sales flourish due to the growing e-commerce sector.
• The Egypt Forging Press Machine market is projected to witness growth at a CAGR of 4.6% during the forecast period with a market size of USD 19.68 million in 2024.
• The South Africa Forging Press Machine market is projected to witness growth at a CAGR of 5.3% during the forecast period with a market size of USD 29.61 million in 2024. Forging Press Machine sales flourish in the South Africa due to the focus on automotive.
• The Turkey Forging Press Machine market is projected to witness growth at a CAGR of 3.8% during the forecast period with a market size of USD 16.12 million in 2024.
• The Nigeria Forging Press Machine market is projected to witness growth at a CAGR of 3.4% during the forecast period with a market size of USD 19.68 million in 2024.
• The Rest of MEA Forging Press Machine market is projected to witness growth at a CAGR of 3.3% during the forecast period with a market size of USD 22.11 million in 2024.

Forging Press Machine Market Analysis

End Use Segment Analysis

According to Cognitive Market Research, the dominating category is Automotive industry. The automotive enterprise is a big motive force for the increase in the forging press gadget market because of the increasing demand for lightweight, excessive-energy components. Forging press machines play a crucial function in the production of complex parts, which include engine additives, chassis, and suspension parts. As car producers prioritize efficiency and overall performance, the call for forging press machines tailored to automotive programs keeps thrusting upward, fueling the marketplace boom.

The fastest-growing category in the Forging Press Machine market is Aerospace & Defense industry. The aerospace and protection industry is a key contributor to the increase of the forging press machine market, driven by the demand for strong, lightweight additives critical for aircraft and protection packages. Forging press machines permit the production of vital elements like turbine blades, touchdown tools, and structural additives. As aerospace and defense sectors emphasize advanced substances and precision engineering, the market for forging press machines continues to extend.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Forging Press Machine Industry. Request a Free Sample PDF!

Segment Analysis of Forging Press Machine Market

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities for each application of Forging Press Machine from 2019 to 2031. This will also help to analyze the demand for Forging Press Machine across different end-use industries. Our research team will also help acquire additional data such as Value Chain, Patent analysis, Company Evaluation Quadrant (Matrix), and much more confidential analysis and data insights.

Some of the key of Forging Press Machine are:

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Forging Press Machine Power Range Segment Analysis

Forging Press Machine Market Power Range Segment Analysis

According to Cognitive Market Research, 300 to 500T stands out as the dominating category. The 300 to 500-ton forging press gadget section is witnessing a large boom in the marketplace because of its versatility and potential to fulfill the demand for medium-sized additives across diverse industries. These machines offer a balance between energy and precision, making them best for generating a wide variety of cast parts utilized in automotive, aerospace, production, and power applications, riding marketplace expansion.

501 to 1000T emerges as the fastest-growing category in the Forging Press Machine market. The 501- to 1000-ton forging press device phase is experiencing brilliant growth within the marketplace because of its capability to address larger and more complicated additives across diverse industries. These machines offer extended energy and flexibility, assembly the demand for medium—to large-sized forged components in sectors including automotive, aerospace, and electricity, driving the growth of the forging press system marketplace.

• 300 to 500T
• 501 to 1000T
• 1000 to 5000T
• 5001 to 10000T
• More than 10000T

Forging Press Machine Level of Automation Segment Analysis

Forging Press Machine Market Level of Automation Segment Analysis

According to Cognitive Market Research, the dominating category is Manual. The guide forging press gadget segment is witnessing growth within the market because of its fee effectiveness and suitability for smaller-scale operations. While automatic structures dominate, manual machines cater to the area of interest applications requiring arms-on manipulation and customization. Industries, which include artisanal metalworking, custom fabrication, and small-scale production, are riding the call for manual forging press machines, contributing to marketplace enlargement.

The fastest-growing category in the Forging Press Machine market is Semi-automated. The semi-automatic forging press machine section is experiencing a huge increase within the marketplace due to its capability to combine performance with flexibility. These machines provide stability among manual management and automation, making them suitable for various manufacturing wishes throughout industries like automotive, aerospace, and creation. The call for semi-computerized forging press machines is growing as producers seek optimized production strategies, driving market growth.

• Manual
• Semi-automated
• CNC or computer driven control system

Forging Press Machine Material Type Segment Analysis

Material Type Segment Analysis

According to Cognitive Market Research, the dominating category is Aluminum. The aluminum forging press gadget marketplace is witnessing an exquisite boom because of the growing call for lightweight, excessive-electricity components in industries consisting of cars, aerospace, and electronics. Aluminum's superior power-to-weight ratio makes it an ideal cloth desired for forging packages. As industries prioritize lightweight solutions for improved overall performance and performance, the demand for aluminum forging press machines continues to rise, riding marketplace expansion.

The fastest-growing category in the Forging Press Machine market is Carbon steel. The carbon metal forging press gadget market is experiencing an increase due to the robust call for long-lasting and value-powerful additives in industries like automotive, construction, and equipment manufacturing. Carbon metal's energy and flexibility make it a favored material for forging applications. As industries are seeking reliable and excessive-overall performance answers, the demand for carbon metal forging press machines is increasing, contributing to market expansion.

• Aluminum
• Carbon steel
• Stainless steel
• Micro alloy steel
• Ni based alloy
• Titanium alloy

Author's Detail

Vinayak Bali

Senior Research Analyst at Cognitive Market Research

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Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modelling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights.

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