Global Forging Presses Market 2017-2021

  • ID: 4143904
  • Report
  • Region: Global
  • 70 pages
  • TechNavio
OFF
until May 31st 2018
1h Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

1 of 5

FEATURED COMPANIES

  • Ajax CECO
  • China National Erzhong
  • Isgec Heavy Engineering
  • JSC Tjazhmekhpress
  • Kurimoto
  • Northern Heavy Industries
  • MORE
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.

The 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

The 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 drivers
- Growing demand for renewable energy equipment.
- For a full, detailed list, view the full report

Market challenges
- Lack of skilled labor in the manufacturing sector.
- For a full, detailed list, view the full report

Market trends
- Development of first-ever all-in-one 3D printing, casting, and forging techniques.
- For a full, detailed list, view the full 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 the analyst’s time when you purchase this market report. Details are provided within the report.
READ MORE
Note: Product cover images may vary from those shown
2 of 5

FEATURED COMPANIES

  • Ajax CECO
  • China National Erzhong
  • Isgec Heavy Engineering
  • JSC Tjazhmekhpress
  • Kurimoto
  • Northern Heavy Industries
  • MORE
PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction
  • Key market highlights
PART 05: Market landscape
  • Market overview
  • Market size and forecast
  • Five forces analysis
PART 06: Geographical segmentation
  • Market overview
  • APAC
  • EMEA
  • Americas
PART 07: Decision framework

PART 08: Drivers and challenges
  • Market drivers
  • Impact of drivers on key customer segments
  • Market challenges
  • Impact of challenges on key customer segments
PART 09: Market trends
  • Introduction of hybrid forging techniques
  • Integration of IoT with forging technology
  • Development of first-ever all-in-one 3D printing, casting, and forging techniques
PART 10: Vendor landscape
  • Competitive scenario
  • Risks faced by the vendors in the forging press market
  • Other prominent vendors
PART 11: Key vendor analysis
  • Ajax CECO
  • Anyang Forging Press
  • ERIE Press Systems
  • Schuler
  • Sumitomo Heavy Industries
PART 12: Appendix
  • List of abbreviations
List of Exhibits
Exhibit 01: Key end-users of forging components
Exhibit 02: Types of forging plants
Exhibit 03: Typical metals that can be forged
Exhibit 04: Equipment used for forging
Exhibit 05: Current market scenario and future prospects of each region 2016 and 2021
Exhibit 06: Market overview
Exhibit 07: Global forging presses market 2016-2021 ($ billions)
Exhibit 08: Projected growth of middle class 2015, 2025, and 2035 (in millions)
Exhibit 09: Vehicle sales in first half of 2012 and first half of 2016 (in millions)
Exhibit 10: Five forces analysis
Exhibit 11: Market share of each geographic segment 2016 and 2021
Exhibit 12: Forging presses market in APAC 2016-2021 ($ billions)
Exhibit 13: Targets set by the forging presses industry in China for 2020
Exhibit 14: Forging production by end-user industry in Japan 2015
Exhibit 15: Classification of forging plants in India
Exhibit 16: EMEA forging press market 2016-2021 ($ billions)
Exhibit 17: Share of European countries in forging market in EMEA 2015
Exhibit 18: Forging presses market in the Americas 2016-2021 ($ billions)
Exhibit 19: Advantages of forging over casting
Exhibit 20: Source of global energy consumption 2014
Exhibit 21: Key indicators for a few renewables 2004, 2013, and 2014
Exhibit 22: Top five countries in terms of renewable energy capacity/generation 2014
Exhibit 23: Impact of drivers
Exhibit 24: Hourly compensation costs in manufacturing industry 2008-2012 ($)
Exhibit 25: Cost of copper 2016 ($/MT)
Exhibit 26: Cost of iron ore August 2014-August 2015 ($/MT)
Exhibit 27: Cost of stainless steel June 2014 to May 2015 ($/ton)
Exhibit 28: Technological limitations faced by forging industry
Exhibit 29: Impact of challenges
Exhibit 30: Key vendors in the global forging presses market
Exhibit 31: Major risks
Exhibit 32: Product portfolio of Ajax CECO
Exhibit 33: Product portfolio of Anyang Forging Press
Exhibit 34: Product portfolio of ERIE press systems
Exhibit 35: Main business divisions of Schuler
Exhibit 36: Product portfolio of Schuler
Exhibit 37: Product portfolio for Sumitomo Heavy Industries
Note: Product cover images may vary from those shown
3 of 5

Loading
LOADING...

4 of 5

FEATURED COMPANIES

  • Ajax CECO
  • China National Erzhong
  • Isgec Heavy Engineering
  • JSC Tjazhmekhpress
  • Kurimoto
  • Northern Heavy Industries
  • MORE
New Report Released: – Global Forging Presses Market 2017 2021

The author of the report recognizes the following companies as the key players in the global forging presses market: Ajax CECO, Anyang Forging Press, ERIE Press Systems, Schuler, and Sumitomo Heavy Industries.

Other Prominent Vendors in the market are: China National Erzhong, Isgec Heavy Engineering, J&H Press, JSC Tjazhmekhpress, Komatsu, Kurimoto, Lien Chieh Machinery, Northern Heavy Industries, QingDao Rungchang YiYou Machinery, and SMS.

Commenting on the report, an analyst from the research team said: “One trend in market is introduction of hybrid forging techniques. Forging is considered an economical process when compared with casting and fabrication. While considering the product lifecycle, which includes everything from procuring and scrapping costs, the benefits realized by forging are much higher than the short-term cost benefits of casting and fabrication. With the growing use of CAD and innovations in forging techniques, the costs, as well as time, can be further optimized. One recent innovation is the use of a hybrid and open die-closed die design. The design imparts additional flexibility to the product and can be used for low volume production where the costs incurred for dies are not justified. Hybrid forging combines the advantages of open die casting with the net-shape abilities of closed die forging, which results in savings in terms of cost and time during the forging process. Moreover, the easy availability of the tool reduces the production lead time and can help in meeting flexible order quantities.”

According to the report, one driver in market is growing demand for renewable energy equipment. The US Energy Information Administration (EIA) states that the world had consumed 524 quadrillion BTU of energy in 2010. The US EIA estimates that the energy consumption will likely reach 630 quadrillion BTU by 2020 and 820 quadrillion BTU by 2040. During 2010-2040, more than 85% of the energy demand is expected to originate from developing countries owing to their strong economic and rapid population growth. Countries such as China, the UAE, India, and Brazil are heavily investing in renewable sources to meet the future energy demand.

Further, the report states that one challenge in market is lack of skilled labor in the manufacturing sector. The industrial sector is in the process of reviving its manufacturing units to cater to the growing demand in the sector. Most factory floor machines are being incorporated/replaced with advanced CNC machines to meet the requirements of higher efficiency and better quality machined products within the stipulated time and customer satisfaction. Although factory floors are upgrading rapidly, there is a dearth of skilled machinists. This lack of skilled labor in the manufacturing sector increases over time and downtime, which add nearly 5%-10% to the average labor costs. The lack of qualified labor also increases production cycle time and can result in the inferior quality of products.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
5 of 5
  • Ajax CECO
  • Anyang Forging Press
  • ERIE Press Systems
  • Schuler
  • Sumitomo Heavy Industries
  • China National Erzhong
  • Isgec Heavy Engineering
  • J&H Press
  • JSC Tjazhmekhpress
  • Komatsu
  • Kurimoto
  • Lien Chieh Machinery
  • Northern Heavy Industries
  • QingDao Rungchang YiYou Machinery
  • SMS
Note: Product cover images may vary from those shown
6 of 5
Note: Product cover images may vary from those shown
Adroll
adroll