Global Hot Forging Press Market Size, Share, Trends, Industry Growth by Type (Hydraulic Forging Press, Mechanical Forging Press, Screw Forging Press), by Material (Ferrous Metals, Non-Ferrous Metals, Super Alloys, Others), by End-Use Industry, by Region, and Forecast to 2030

Report ID: RC87001 | Report Format: PDF + Excel | Starting Price: 3600/- USD |

The global hot forging press market size is anticipated to register a significant CAGR of around 5% during the forecast period from 2023 to 2030. The market is propelled by several pivotal factors. Industries such as automotive, aerospace, and construction demand efficient production of high-strength components, driving the need for hot forging presses. These presses enhance productivity by reducing cycle times and are adaptable to shape advanced materials like superalloys. They cater to the trend of lightweighting, crucial in automotive and aerospace sectors for improved efficiency. The cost-effectiveness of hot forging minimizes material waste and post-processing. Customization flexibility caters to diverse demands, while infrastructure growth fuels demand for sturdy components. Automotive and aerospace expansions further increase the demand for these precision manufacturing tools. Technological advancements, globalization, and sustainability concerns influence the industry, fostering innovation and replacement of outdated machinery.

Market Snapshot:

Benchmark Year 2022
Market Size $ x.x Bn lock
Market Growth (CAGR) ~ 5 % (2023-2030)
Largest Market Share Asia Pacific
Analysis Period 2020-2030
Market Players SMS Meer, Sumitomo Heavy Industries, Komatsu, Mitsubishi Heavy Industries, and Schuler

Market Drivers:

Industrial Growth and Manufacturing Demand: The trajectory of the hot forging press market is closely intertwined with the overall industrial growth of sectors such as automotive, aerospace, construction, and oil & gas. As these industries experience expansion, the demand for various components, ranging from engine parts to structural elements, surges. Hot forging presses play a pivotal role in meeting this heightened demand, as they can efficiently shape raw materials into intricate and durable components used in these industries.

Material Advancements: The advent of cutting-edge materials, such as superalloys and high-strength steels, has transformed the landscape of component manufacturing. These materials possess exceptional properties but often require sophisticated shaping processes. Hot forging presses are engineered to handle a diverse range of materials, including these advanced ones, making them a pivotal resource in modern manufacturing.

Demand for Lightweighting: Lightweighting has become a central focus in industries like automotive and aerospace, where reducing the weight of components translates to improved fuel efficiency, performance, and environmental impact. Hot forging presses enable manufacturers to craft intricate yet lightweight components with superior strength, offering a critical advantage in the pursuit of lightweight design.

Customization and Flexibility: As industries become more specialized and customer demands diversify, the ability to offer customization and flexibility in component manufacturing becomes paramount. Hot forging presses can be tailored to accommodate specific designs and requirements, enabling manufacturers to produce unique components for various applications without compromising on quality or efficiency.

Rise in Infrastructure Projects: The global surge in infrastructure projects, spanning construction, transportation, and energy sectors, has created a substantial demand for robust components used in heavy machinery and structural elements. Hot forging presses contribute significantly to fulfilling this demand by producing components with superior strength and durability that meet the rigorous requirements of infrastructure applications.

Automotive Industry Growth: The automotive sector’s expansion continues unabated, driven by factors like increased consumer demand and technological advancements. Within this growth, hot forging presses play a crucial role in manufacturing components used in engines, transmissions, chassis, and other critical automotive parts. Their ability to produce high-strength and precision components aligns seamlessly with the automotive industry’s requirements.

Aerospace Industry Expansion: The aerospace industry’s continuous expansion, fueled by rising air travel and technological progress, necessitates components of the utmost reliability and performance. Hot forging presses are indispensable in this context, fabricating components for aircraft engines, landing gear, and airframe structures that meet the stringent quality standards of the aerospace sector.

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Market Insights:

Market Analysis by Type:

The global hot forging press market is bifurcated into type, material, end-use industry, and geography. on the basis of type, the hydraulic forging press segment dominated the market and expected to hold the largest revenue share of over 1/2 of the market by the end of the analysis period. Hydraulic forging presses are the most powerful type of hot forging press. They are used for forging larger and more complex parts. They are also more versatile than mechanical presses and can be used for a wider range of applications.

The dominance of the hydraulic forging press segment in the hot forging press market is attributed to its versatility, precision, and widespread applicability. Hydraulic presses are renowned for their capability to handle a diverse range of materials and offer meticulous control over the forging process, making them particularly well-suited for industries that demand accurate shaping of intricate and complex components. This adaptability has led to their utilization across various sectors, including automotive, aerospace, and general manufacturing.

Industries requiring the production of complex components, such as those in the aerospace and automotive fields, find hydraulic presses ideal due to their precise force control and adeptness in managing intricate shapes. Technological advancements have further enhanced hydraulic presses with advanced control systems, enabling better automation, real-time monitoring, and process optimization. Their consistent force delivery throughout the forging cycle ensures uniform material deformation, reducing defects and enhancing component quality. Over time, hydraulic presses have gained market acceptance and reputation, solidifying their position as a dominant force within the hot forging press market.

Hydraulic Forging Press: These presses employ hydraulic systems to generate the force required for forging. They offer precise control over forging processes, making them suitable for intricate and complex component manufacturing. Hydraulic presses are preferred for their versatility, as they can handle a wide range of materials and part sizes. Their adaptability and consistent force delivery make them ideal for applications requiring high accuracy.

Mechanical Forging Press: Mechanical presses utilize mechanical systems, such as crankshafts and eccentric mechanisms, to generate force. They are known for their energy efficiency, making them suitable for high-volume production. Mechanical presses are characterized by their rapid stroke rates, contributing to faster cycle times. They are often chosen for applications where speed and repetitive accuracy are critical.

Screw Forging Press: Screw presses use a rotating screw mechanism to apply force gradually and steadily during the forging process. They offer exceptional control over deformation rates, making them suitable for delicate or precision forging. Screw presses excel in applications requiring consistent pressure and gradual force application, resulting in improved material flow and minimized defects.

Market Analysis by End-Use Industry:

On the basis of end-use industry, the global hot forging press market is further segmented into automotive, aerospace, oil & gas, construction, power generation, industrial machinery, and others. The automotive segment emerges as a dominant segment within the market. Automotive manufacturers heavily rely on hot forging presses to create critical components that ensure vehicle performance, efficiency, and safety. These presses produce engine parts, transmission components, and chassis elements that meet stringent standards for durability and precision. As the industry emphasizes lightweighting to improve fuel economy, hot forging presses play a pivotal role in crafting lightweight yet strong components. Additionally, the high-volume production needs of the automotive sector align well with the efficiency of hot forging processes. The demand for advanced materials, intricate designs, and consistently high quality further solidifies the prominence of hot forging presses in the automotive landscape.

Automotive: The automotive industry extensively relies on hot forging presses to manufacture crucial components like engine parts, transmission components, and chassis elements. These presses offer precision and strength, catering to the industry’s need for lightweight yet durable parts to enhance vehicle performance and fuel efficiency.

Aerospace: In the aerospace sector, where safety and performance are paramount, hot forging presses play a pivotal role in producing components for aircraft engines, landing gear, airframes, and structural elements. Their ability to create high-strength, reliable parts aligns with the industry’s stringent quality requirements.

Oil & Gas: The oil and gas industry demands robust and corrosion-resistant components to withstand harsh environments. Hot forging presses contribute to this sector by producing critical parts used in drilling equipment, pipelines, valves, and offshore structures, ensuring operational reliability and safety.

Construction: Hot forging presses are essential in the construction industry, providing components for heavy machinery, construction equipment, and structural elements. The sector’s growth drives the demand for sturdy, precisely manufactured parts used in infrastructure projects and buildings.

Power Generation: Power generation relies on hot forged components for turbines, generators, and other machinery. These presses ensure the production of high-performance parts that can withstand extreme operating conditions, contributing to efficient and reliable energy production.

Industrial Machinery: Various industrial machinery, from manufacturing equipment to agricultural machinery, requires forged components for optimal functionality. Hot forging presses cater to this demand by creating strong and durable parts used in diverse industrial applications.

Others: The market’s diversity extends to other sectors as well, such as consumer goods, electronics, and medical equipment. These industries benefit from the precision, strength, and customization options offered by hot forging presses for their specific component requirements.

The hot forging press market research report presents the analysis of each segment from 2020 to 2030 considering 2022 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2023 to 2030.

Historical & Forecast Period

  • 2020-21 – Historical Year
  • 2022 – Base Year
  • 2023-2030 – Forecast Period

Market Segmentation:

By Type:

  • Hydraulic Forging Press
  • Mechanical Forging Press
  • Screw Forging Press

By Material:

  • Ferrous Metals
  • Non-Ferrous Metals
  • Super Alloys
  • Others

By End-Use Industry:

  • Automotive
  • Aerospace
  • Oil & Gas
  • Construction
  • Power Generation
  • Industrial Machinery
  • Others

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Regional Analysis:

On the basis of region, the Asia Pacific dominated the global hot forging press market in the benchmark year 2022 and estimated to hold the largest revenue share of around 40% market share by the end of the analysis period. Asia-Pacific’s dominance is attributed to its robust manufacturing base, particularly in automotive, aerospace, and industrial machinery sectors. Countries like China, Japan, South Korea, and India drive the demand for hot forging presses due to their rapid industrialization, extensive infrastructure projects, and burgeoning automotive markets.

China, as a global manufacturing hub, stands out with its immense demand for forged components across various industries. Japan and South Korea, known for their advanced technological capabilities, also contribute substantially to the market. India’s growing industrialization and focus on infrastructure development further bolster the region’s dominance. Additionally, lower labor and production costs in Asia-Pacific make it an attractive location for manufacturing, encouraging both domestic production and outsourcing by global companies. The presence of major hot forging press manufacturers and suppliers in the region further solidifies its dominance.

Competitive Analysis:

Some of the major market players operating in the global hot forging press market are SMS Meer, Sumitomo Heavy Industries, Komatsu, Mitsubishi Heavy Industries, and Schuler. These players are the leading manufacturers of hot forging presses in the world. They have a strong track record of innovation and customer service. They are also investing in research and development to develop new technologies for hot forging presses. Companies are exploring markets by expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

Recent Developments:

  • SMS Meer launched its new XPR series of hydraulic forging presses in 2022. These presses are designed for high-volume production and offer a wide range of features, including energy efficiency, automation, and safety.
  • Sumitomo Heavy Industries introduced its new 10,000-ton hydraulic forging press in 2023. This press is the largest in the company’s portfolio and is designed for forging large and complex components.
  • Komatsu launched its new iQ Series of hydraulic forging presses in 2022. These presses are equipped with intelligent features that help to improve productivity and efficiency.
  • Mitsubishi Heavy Industries developed a new technology for hot forging presses that uses artificial intelligence to optimize the forging process. This technology is expected to be commercialized in 2023.
  • Ajax Equipment launched its new 4,000-ton hydraulic forging press in 2023. This press is designed for small and medium-sized businesses.

Key Companies:

  • SMS Meer
  • Sumitomo Heavy Industries
  • Komatsu
  • Mitsubishi Heavy Industries
  • Schuler
  • Ajax Equipment
  • First Heavy Industries
  • JIER
  • Erie Press Systems
  • Stamtec

Key Questions Answered by Hot Forging Press Market Report

  • Global hot forging press market forecasts from 2023-2030
  • Regional market forecasts from 2023-2030 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
  • Country-level forecasts from 2023-2030 covering 15 major countries from the regions as mentioned above
  • Hot forging press submarket forecasts from 2023-2030 covering the market by type, material, end-use industry, and geography
  • Various industry models such as SWOT analysis, Value Chain Analysis about the market
  • Analysis of the key factors driving and restraining the growth of the global, regional, and country-level hot forging press markets from 2023-2030
  • Competitive Landscape and market positioning of top 10 players operating in the market
Table of Content:

1. Preface


1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.4. Assumptions

 

2. Executive Summary


2.1. Global Hot Forging Press Market Portraiture
2.2. Global Hot Forging Press Market, by Type, 2022 (USD Mn)
2.3. Global Hot Forging Press Market, by Material, 2022 (USD Mn)
2.4. Global Hot Forging Press Market, by End-Use Industry, 2022 (USD Mn)
2.5. Global Hot Forging Press Market, by Geography, 2022 (USD Mn)

 

3. Global Hot Forging Press Market Analysis


3.1. Hot Forging Press Market Overview
3.2. Market Inclination Insights
3.3. Market Dynamics
3.3.1. Drivers
3.3.2. Challenges
3.3.3. Opportunities
3.4. Attractive Investment Proposition
3.5. Competitive Analysis
3.6. Porter’s Five Force Analysis
3.6.1. Bargaining Power of Suppliers
3.6.2. Bargaining Power of Buyers
3.6.3. Threat of New Entrants
3.6.4. Threat of Substitutes
3.6.5. Degree of Competition
3.7. PESTLE Analysis
3.8. COVID-19 Impact Analysis

 

4. Global Hot Forging Press Market By Type, 2020 – 2030 (USD Mn)


4.1. Overview
4.2. Hydraulic Forging Press
4.3. Mechanical Forging Press
4.4. Screw Forging Press

 

5. Global Hot Forging Press Market By Material, 2020 – 2030 (USD Mn)


5.1. Overview
5.2. Ferrous Metals
5.3. Non-Ferrous Metals
5.4. Super Alloys
5.5. Others

 

6. Global Hot Forging Press Market By End-Use Industry, 2020 – 2030 (USD Mn)


6.1. Overview
6.2. Automotive
6.3. Aerospace
6.4. Oil & Gas
6.5. Construction
6.6. Power Generation
6.7. Industrial Machinery
6.8. Others

 

7. North America Hot Forging Press Market Analysis and Forecast, 2020 – 2030 (USD Mn)


7.1. Overview
7.2. North America Hot Forging Press Market by Type, (2020-2030 USD Mn)
7.3. North America Hot Forging Press Market by Material, (2020-2030 USD Mn)
7.4. North America Hot Forging Press Market by End-Use Industry, (2020-2030 USD Mn)
7.5. North America Hot Forging Press Market by Country, (2020-2030 USD Mn)
7.5.1. U.S.
7.5.1.1. U.S. Hot Forging Press Market by Type, (2020-2030 USD Mn)
7.5.1.2. U.S. Hot Forging Press Market by Material, (2020-2030 USD Mn)
7.5.1.3. U.S. Hot Forging Press Market by End-Use Industry, (2020-2030 USD Mn)
7.5.2. Canada
7.5.2.1. Canada Hot Forging Press Market by Type, (2020-2030 USD Mn)
7.5.2.2. Canada Hot Forging Press Market by Material, (2020-2030 USD Mn)
7.5.2.3. Canada Hot Forging Press Market by End-Use Industry, (2020-2030 USD Mn)
7.5.3. Mexico
7.5.3.1. Mexico Hot Forging Press Market by Type, (2020-2030 USD Mn)
7.5.3.2. Mexico Hot Forging Press Market by Material, (2020-2030 USD Mn)
7.5.3.3. Mexico Hot Forging Press Market by End-Use Industry, (2020-2030 USD Mn)

 

8. Europe Hot Forging Press Market Analysis and Forecast, 2020 - 2030 (USD Mn)


8.1. Overview
8.2. Europe Hot Forging Press Market by Type, (2020-2030 USD Mn)
8.3. Europe Hot Forging Press Market by Material, (2020-2030 USD Mn)
8.4. Europe Hot Forging Press Market by End-Use Industry, (2020-2030 USD Mn)
8.5. Europe Hot Forging Press Market by Country, (2020-2030 USD Mn)
8.5.1. Germany
8.5.1.1. Germany Hot Forging Press Market by Type, (2020-2030 USD Mn)
8.5.1.2. Germany Hot Forging Press Market by Material, (2020-2030 USD Mn)
8.5.1.3. Germany Hot Forging Press Market by End-Use Industry, (2020-2030 USD Mn)
8.5.2. U.K.
8.5.2.1. U.K. Hot Forging Press Market by Type, (2020-2030 USD Mn)
8.5.2.2. U.K. Hot Forging Press Market by Material, (2020-2030 USD Mn)
8.5.2.3. U.K. Hot Forging Press Market by End-Use Industry, (2020-2030 USD Mn)
8.5.3. France
8.5.3.1. France Hot Forging Press Market by Type, (2020-2030 USD Mn)
8.5.3.2. France Hot Forging Press Market by Material, (2020-2030 USD Mn)
8.5.3.3. France Hot Forging Press Market by End-Use Industry, (2020-2030 USD Mn)
8.5.4. Spain
8.5.4.1. Spain Hot Forging Press Market by Type, (2020-2030 USD Mn)
8.5.4.2. Spain Hot Forging Press Market by Material, (2020-2030 USD Mn)
8.5.4.3. Spain Hot Forging Press Market by End-Use Industry, (2020-2030 USD Mn)
8.5.5. Italy
8.5.5.1. Italy Hot Forging Press Market by Type, (2020-2030 USD Mn)
8.5.5.2. Italy Hot Forging Press Market by Material, (2020-2030 USD Mn)
8.5.5.3. Italy Hot Forging Press Market by End-Use Industry, (2020-2030 USD Mn)
8.5.6. Rest of Europe
8.5.6.1. Rest of Europe Hot Forging Press Market by Type, (2020-2030 USD Mn)
8.5.6.2. Rest of Europe Hot Forging Press Market by Material, (2020-2030 USD Mn)
8.5.6.3. Rest of Europe Hot Forging Press Market by End-Use Industry, (2020-2030 USD Mn)

 

9. Asia Pacific Hot Forging Press Market Analysis and Forecast, 2020 - 2030 (USD Mn)


9.1. Overview
9.2. Asia Pacific Hot Forging Press Market by Type, (2020-2030 USD Mn)
9.3. Asia Pacific Hot Forging Press Market by Material, (2020-2030 USD Mn)
9.4. Asia Pacific Hot Forging Press Market by End-Use Industry, (2020-2030 USD Mn)
9.5. Asia Pacific Hot Forging Press Market by Country, (2020-2030 USD Mn)
9.5.1. China
9.5.1.1. China Hot Forging Press Market by Type, (2020-2030 USD Mn)
9.5.1.2. China Hot Forging Press Market by Material, (2020-2030 USD Mn)
9.5.1.3. China Hot Forging Press Market by End-Use Industry, (2020-2030 USD Mn)
9.5.2. Japan
9.5.2.1. Japan Hot Forging Press Market by Type, (2020-2030 USD Mn)
9.5.2.2. Japan Hot Forging Press Market by Material, (2020-2030 USD Mn)
9.5.2.3. Japan Hot Forging Press Market by End-Use Industry, (2020-2030 USD Mn)
9.5.3. India
9.5.3.1. India Hot Forging Press Market by Type, (2020-2030 USD Mn)
9.5.3.2. India Hot Forging Press Market by Material, (2020-2030 USD Mn)
9.5.3.3. India Hot Forging Press Market by End-Use Industry, (2020-2030 USD Mn)
9.5.4. South Korea
9.5.4.1. South Korea Hot Forging Press Market by Type, (2020-2030 USD Mn)
9.5.4.2. South Korea Hot Forging Press Market by Material, (2020-2030 USD Mn)
9.5.4.3. South Korea Hot Forging Press Market by End-Use Industry, (2020-2030 USD Mn)
9.5.5. Rest of Asia Pacific
9.5.5.1. Rest of Asia Pacific Hot Forging Press Market by Type, (2020-2030 USD Mn)
9.5.5.2. Rest of Asia Pacific Hot Forging Press Market by Material, (2020-2030 USD Mn)
9.5.5.3. Rest of Asia Pacific Hot Forging Press Market by End-Use Industry, (2020-2030 USD Mn)

 

10. Latin America (LATAM) Hot Forging Press Market Analysis and Forecast, 2020 - 2030 (USD Mn)


10.1. Overview
10.2. Latin America Hot Forging Press Market by Type, (2020-2030 USD Mn)
10.3. Latin America Hot Forging Press Market by Material, (2020-2030 USD Mn)
10.4. Latin America Hot Forging Press Market by End-Use Industry, (2020-2030 USD Mn)
10.5. Latin America Hot Forging Press Market by Country, (2020-2030 USD Mn)
10.5.1. Brazil
10.5.1.1. Brazil Hot Forging Press Market by Type, (2020-2030 USD Mn)
10.5.1.2. Brazil Hot Forging Press Market by Material, (2020-2030 USD Mn)
10.5.1.3. Brazil Hot Forging Press Market by End-Use Industry, (2020-2030 USD Mn)
10.5.2. Argentina
10.5.2.1. Argentina Hot Forging Press Market by Type, (2020-2030 USD Mn)
10.5.2.2. Argentina Hot Forging Press Market by Material, (2020-2030 USD Mn)
10.5.2.3. Argentina Hot Forging Press Market by End-Use Industry, (2020-2030 USD Mn)
10.5.3. Rest of Latin America
10.5.3.1. Rest of Latin America Hot Forging Press Market by Type, (2020-2030 USD Mn)
10.5.3.2. Rest of Latin America Hot Forging Press Market by Material, (2020-2030 USD Mn)
10.5.3.3. Rest of Latin America Hot Forging Press Market by End-Use Industry, (2020-2030 USD Mn)

 

11. Middle East and Africa Hot Forging Press Market Analysis and Forecast, 2020 - 2030 (USD Mn)


11.1. Overview
11.2. MEA Hot Forging Press Market by Type, (2020-2030 USD Mn)
11.3. MEA Hot Forging Press Market by Material, (2020-2030 USD Mn)
11.4. MEA Hot Forging Press Market by End-Use Industry, (2020-2030 USD Mn)
11.5. Middle East and Africa Hot Forging Press Market, by Country, (2020-2030 USD Mn)
11.5.1. GCC
11.5.1.1. GCC Hot Forging Press Market by Type, (2020-2030 USD Mn)
11.5.1.2. GCC Hot Forging Press Market by Material, (2020-2030 USD Mn)
11.5.1.3. GCC Hot Forging Press Market by End-Use Industry, (2020-2030 USD Mn)
11.5.2. South Africa
11.5.2.1. South Africa Hot Forging Press Market by Type, (2020-2030 USD Mn)
11.5.2.2. South Africa Hot Forging Press Market by Material, (2020-2030 USD Mn)
11.5.2.3. South Africa Hot Forging Press Market by End-Use Industry, (2020-2030 USD Mn)
11.5.3. Rest of MEA
11.5.3.1. Rest of MEA Hot Forging Press Market by Type, (2020-2030 USD Mn)
11.5.3.2. Rest of MEA Hot Forging Press Market by Material, (2020-2030 USD Mn)
11.5.3.3. Rest of MEA Hot Forging Press Market by End-Use Industry, (2020-2030 USD Mn)

 

12. Competitive Landscape


12.1. Company Market Share Analysis, 2022
12.2. Competitive Dashboard
12.3. Competitive Benchmarking
12.4. Geographic Presence Heatmap Analysis
12.5. Company Evolution Matrix
12.5.1. Star
12.5.2. Pervasive
12.5.3. Emerging Leader
12.5.4. Participant
12.6. Strategic Analysis Heatmap Analysis
12.7. Key Developments and Growth Strategies
12.7.1. Mergers and Acquisitions
12.7.2. New Product Launch
12.7.3. Joint Ventures
12.7.4. Others

 

13. Company Profiles


13.1. SMS Meer
13.1.1. Business Description
13.1.2. Financial Health and Budget Allocation
13.1.3. Product Positions/Portfolio
13.1.4. Recent Development
13.1.5. SWOT Analysis
13.2. Sumitomo Heavy Industries
13.3. Komatsu
13.4. Mitsubishi Heavy Industries
13.5. Schuler
13.6. Ajax Equipment
13.7. First Heavy Industries
13.8. JIER
13.9. Erie Press Systems
13.10. Stamtec
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