Industrial, Manufacturing & Heavy Industry Market News

New report examines the global forging presses market to grow at a CAGR of 10.16% during the period 2017-2021

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. The strength of forged parts is higher than those manufactured using other metalworking processes.

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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.

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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.

Request sample copy of the report at: www.orbisresearch.com/contacts/request-sample/241205

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

Research 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.

Avail more details of the report at: www.orbisresearch.com/reports/index/global-forging-presses-market-2017-2021

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?

Companies Mentioned:

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, and SMS.

 

 

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