Global Forging Presses Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Type;
Closed Die Forging, Open Die Forging, and Extrusion Presses.By End User;
Automotive, Aerospace, and Others.By Geography;
North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2021 - 2031).Introduction
Global Forging Presses Market (USD Million), 2021 - 2031
In the year 2024, the Global Forging Presses Market was valued at USD 1,960.08 million. The size of this market is expected to increase to USD 2,190.44 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 1.6%.
The global forging presses market is witnessing significant growth due to the rising demand for high-strength components in various industries. Forging presses are essential in shaping and forming metal workpieces through compressive force, a process crucial in sectors such as automotive, aerospace, construction, and manufacturing. The ability of forging presses to enhance the strength and durability of metal components makes them indispensable in applications requiring high performance and reliability.
One of the primary drivers of this market is the automotive industry's increasing focus on lightweight and fuel-efficient vehicles. Forging presses play a critical role in producing components such as engine parts, gears, and chassis systems, which need to withstand high stress and strain. Additionally, the aerospace sector's demand for precision-engineered components, capable of enduring extreme conditions, further propels the growth of the forging presses market.
Technological advancements in forging press machinery are also contributing to market expansion. Modern presses equipped with automation and digital control systems offer improved efficiency, precision, and safety. These innovations not only streamline the manufacturing process but also reduce production costs, making them attractive to manufacturers aiming for cost-effectiveness and high-quality output.
The global push towards infrastructure development and urbanization is bolstering the construction industry, which in turn drives the demand for forged steel components like beams, columns, and other structural elements. As industries continue to seek durable and robust materials, the global forging presses market is expected to grow, driven by the need for advanced machinery capable of producing high-quality forged products.
Global Forging Presses Market Recent Developments
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Forging presses are increasingly used in the automotive industry for lightweight aluminum alloys, which are essential for fuel efficiency and emission reduction. Components such as camshafts, valves, and connecting rods are being manufactured through advanced forging processes.
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The aerospace industry continues to be a significant contributor to market growth. Forging presses are used to manufacture high,strength components such as turbine blades and fuselage parts, leveraging advanced materials like titanium and nickel,based alloys. For example, Aubert & Duval invested in a state,of,the,art hydraulic closed,die forging press to strengthen its aerospace capabilities.
Segment Analysis
The Global Forging Presses Market has been segmented by Type, End User and Geography, type into hydraulic forging presses, mechanical forging presses, and screw forging presses. Hydraulic forging presses dominate the market due to their ability to apply controlled force and provide high precision, making them suitable for producing complex, high-strength components in industries such as aerospace, automotive, and industrial machinery. These presses can deliver a range of tonnages and are versatile in terms of the types of materials that can be forged. Mechanical forging presses, on the other hand, are commonly used for high-speed production of simple parts in large volumes, such as automotive components, and are known for their efficiency in terms of cycle time and energy usage. Screw forging presses are typically used in highly specialized applications that require high-pressure forging and are often employed in shipbuilding and heavy machinery manufacturing. The choice of press type depends on the specific needs of the end-user, including factors such as material type, part complexity, and production volume.
By end-user, the Global Forging Presses Market is segmented into automotive, aerospace, industrial machinery, oil and gas, and other industries. The automotive industry is one of the largest consumers of forging presses, where they are used to produce essential components such as crankshafts, gears, connect rods, and suspension parts. The aerospace sector also relies heavily on forging presses for producing high-strength, lightweight parts like engine components and airframe structures, which require precise and high-quality forging processes. Industrial machinery uses forging presses to create a range of components like gears, shafts, and valves, which are critical for the operation of heavy equipment and machinery. The oil and gas industry requires robust and durable components, such as pumps, valves, and drilling equipment, where forging presses ensure the strength and reliability of the parts under extreme conditions. The other industries segment includes markets like electronics, defense, and construction, which also use forged components for specialized applications.
Geographically, the Global Forging Presses Market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Asia-Pacific leads the market, driven by the high demand for forged components in China, India, and Japan, where industries like automotive, aerospace, and industrial machinery are expanding rapidly. The region's manufacturing capabilities and focus on high-quality production have significantly contributed to the adoption of advanced forging press technologies. North America and Europe are established markets for forging presses, with the U.S. and Germany being major consumers, particularly in aerospace, automotive, and machinery manufacturing sectors. These regions have stringent quality standards and regulations that drive the demand for precision forging. The Latin American and Middle East & Africa markets are growing as industrialization increases in these regions, particularly in the oil and gas industry, where high-quality forged components are essential for drilling and production equipment.
Global Forging Presses Segment Analysis
In this report, the Global Forging Presses Market has been segmented by Type, End User and Geography.
Global Forging Presses Market, Segmentation by Type
The Global Forging Presses Market has been segmented by Type into Closed Die Forging, Open Die Forging and Extrusion Presses.
Closed die forging involves the use of a pair of dies that contain a precut profile of the desired shape. When the dies are brought together, the material is compressed to fill the cavity, forming the desired shape. This process is widely used for manufacturing components that require precise shapes and sizes, such as automotive parts, aerospace components, and machinery. The high accuracy and material utilization efficiency make closed die forging a preferred method in industries where complex geometries and high-strength components are crucial.
Open die forging, also known as free forging, is a more flexible process compared to closed die forging. In this method, the material is placed between flat or simple-shaped dies and deformed by repeated blows. Open die forging is typically used for producing larger components that do not require precise shapes, such as shafts, rollers, and rings. This method allows for greater material savings and can produce larger sizes than closed die forging, making it ideal for applications in industries such as energy, shipbuilding, and heavy machinery.
Extrusion presses are used in a process where a material, usually metal, is forced through a die to create objects of a fixed cross-sectional profile. This method is efficient for producing long parts with consistent cross-sections, such as rods, tubes, and beams. Extrusion can be performed hot or cold, depending on the material and desired properties of the final product. It is widely used in industries like construction, automotive, and electronics due to its ability to produce complex profiles with excellent surface finish and mechanical properties.
The choice of forging press type depends on the specific requirements of the application, including the size, shape, and material properties of the components being produced. As industries continue to demand more complex and high-performance components, the forging presses market is expected to grow, driven by technological advancements and increasing investments in manufacturing capabilities.
Global Forging Presses Market, Segmentation by End User
The Global Forging Presses Market has been segmented by End User into Automotive, Aerospace and Others.
The automotive industry is one of the largest consumers of forging presses, driven by the demand for high-strength, durable components such as engine parts, gears, and shafts. The use of forging presses in the automotive sector ensures the production of lightweight yet strong parts, which are essential for improving fuel efficiency and overall vehicle performance. The growing trend towards electric vehicles (EVs) is also influencing the market, as manufacturers seek to produce lightweight components that enhance the range and efficiency of EVs.
In the aerospace industry, the demand for forging presses is driven by the need for high-precision, high-strength components that can withstand extreme conditions. This includes parts for aircraft engines, landing gear, and structural components. The stringent safety and performance standards in aerospace necessitate the use of advanced forging techniques, contributing to the growth of the forging presses market in this sector. Additionally, the increasing production of commercial and military aircraft globally is further boosting the demand for forging presses.
Beyond automotive and aerospace, the forging presses market serves various other industries, including construction, energy, and defense. In the construction sector, forging presses are used to produce structural components such as beams and columns, which are essential for building infrastructure. The energy sector, particularly in the production of wind turbines and oil & gas equipment, also relies on forged components for their durability and strength. The defense industry requires forged parts for weapons, vehicles, and other military equipment, driven by the need for robust and reliable components.
Overall, the global forging presses market is poised for growth, supported by technological advancements in forging techniques and the increasing demand for high-performance components across various industries. The market is also influenced by trends such as automation, which enhances the precision and efficiency of forging processes, and sustainability, as manufacturers seek to reduce waste and improve energy efficiency.
Global Forging Presses Market, Segmentation by Geography
In this report, the Global Forging Presses Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Forging Presses Market Share (%), by Geographical Region, 2024
The Global Forging Presses Market is experiencing significant regional variations in market share, with Asia-Pacific leading as the largest market, accounting for the largest percentage of global market revenue. Asia-Pacific's dominance is driven by rapid industrialization, especially in countries like China, India, and Japan, where there is a substantial demand for forging presses in automotive, aerospace, industrial machinery, and heavy industries. The region’s growing manufacturing capabilities, along with a shift toward more advanced forging technologies, further boost the demand for forging presses. The automotive and aerospace sectors in particular continue to expand in this region, spurring increased production and the need for high-precision forged parts, which directly contributes to the high market share of forging presses in Asia-Pacific.
North America holds the second-largest share of the global market, with the United States being a significant contributor. North America is a mature market where high-quality and advanced forging presses are used primarily in the automotive, aerospace, and industrial machinery industries. The demand for precision and high-strength components in these sectors drives the market for forging presses. Additionally, the presence of key forging press manufacturers in the region, along with advancements in press technologies that cater to specific industry needs, contributes to the market’s stability and growth. The market share in North America is supported by the ongoing emphasis on innovation and high standards in manufacturing processes.
Europe follows closely, with a robust market share driven by strong manufacturing sectors in Germany, France, and the United Kingdom, where forging presses are widely used in automotive, aerospace, and machinery manufacturing. The demand for high-performance forged parts in these sectors, coupled with Europe's focus on high-quality production and stringent regulatory standards, contributes significantly to the market share. Europe’s automotive industry is one of the largest consumers of forging presses, with an increasing focus on lightweight, high-strength materials, especially in the production of parts for electric vehicles. The Latin America and Middle East & Africa regions hold a smaller share of the global market but are growing steadily as industrialization increases, particularly in sectors like oil and gas and construction, where forging presses are required for the production of durable and high-strength components.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Forging Presses Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers
- Automotive Demand
- Industrial Growth
- Precision Engineering
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Infrastructure Development -The global forging presses market is experiencing significant growth, driven by the increasing demand for advanced manufacturing techniques across various industries. Forging presses, essential in shaping and forming metal components, are crucial in producing high-strength parts used in automotive, aerospace, and industrial machinery. The market's expansion is closely linked to technological advancements that enhance efficiency, precision, and production capabilities. Innovations such as automation, CNC control systems, and energy-efficient designs have transformed the forging press industry, making it more adaptable to modern manufacturing requirements.
Infrastructure development plays a pivotal role in boosting the demand for forging presses. As countries invest in expanding and modernizing infrastructure—ranging from bridges and highways to energy projects and industrial facilities—the need for durable and high-quality components grows. Forging presses are instrumental in producing the essential parts and structures needed in these large-scale projects, including structural steel beams, heavy machinery components, and transportation equipment. This demand is particularly strong in emerging economies where rapid urbanization and industrialization are driving infrastructure projects.
The forging presses market is benefitting from the global emphasis on sustainability and energy efficiency. Modern forging presses are designed to minimize material waste and reduce energy consumption, aligning with the growing environmental concerns and regulatory standards. This shift not only supports eco-friendly manufacturing practices but also enhances the competitiveness of forging press manufacturers by meeting the stringent requirements of end-users.
Restraints
- High Initial Costs
- Maintenance Expenses
- Skilled Labor Shortage
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Environmental Regulations -The global forging presses market is experiencing significant growth, driven by increasing demand from industries such as automotive, aerospace, and construction. Forging presses are essential for shaping metal components, providing strength and durability that are critical in manufacturing processes. These presses come in various types, including hydraulic, mechanical, and screw presses, each suited for specific applications.
Environmental regulations are becoming increasingly influential in shaping the forging presses market. Governments and regulatory bodies worldwide are implementing stricter emissions and waste management standards, which are impacting the operation and design of forging presses. The manufacturing processes involved in forging can be energy-intensive and produce emissions, leading to a push for more energy-efficient and environmentally friendly technologies.
Manufacturers in the forging presses market are responding to these regulations by developing equipment that minimizes environmental impact. This includes the adoption of cleaner energy sources, the implementation of advanced monitoring systems to control emissions, and the enhancement of recycling and waste management practices. The shift towards electric and hybrid presses, which are more energy-efficient and produce fewer emissions compared to traditional mechanical presses, is an example of how the industry is adapting to these regulatory changes.
In addition to regulatory pressures, there is growing consumer and industrial demand for sustainable manufacturing practices. Companies are increasingly prioritizing sustainability in their operations, seeking to reduce their carbon footprint and comply with global environmental standards. This trend is driving innovation in the forging presses market, with a focus on reducing energy consumption, minimizing waste, and improving the overall environmental performance of forging processes.
Overall, environmental regulations are a significant factor in the evolution of the global forging presses market. As these regulations become more stringent, they will continue to drive technological advancements and shape the industry's future, encouraging the development of more sustainable and efficient forging solutions.
Opportunities
- Automotive Lightweighting
- Renewable Energy Projects
- Aerospace Expansion
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Digitalization & IoT Integration -The global forging presses market is undergoing significant transformation, driven by advancements in digitalization and the integration of the Internet of Things (IoT). This market, crucial for the automotive, aerospace, and heavy machinery industries, is evolving to meet the demands for higher efficiency, precision, and productivity.
Digitalization in forging presses involves the use of advanced software and digital controls to enhance process monitoring, quality control, and operational efficiency. This technology allows manufacturers to optimize their production processes by providing real-time data on machine performance, tool wear, and product quality. The use of digital twins—virtual replicas of physical assets—enables predictive maintenance and reduces downtime, significantly improving operational efficiency.
The integration of IoT in forging presses brings additional benefits, including enhanced connectivity and data analytics capabilities. IoT-enabled sensors and devices can collect vast amounts of data on various aspects of the forging process, such as temperature, pressure, and force. This data can be analyzed to identify trends, detect anomalies, and optimize production parameters. IoT also facilitates remote monitoring and control, allowing operators to manage the equipment from anywhere, thus improving flexibility and responsiveness.
The combination of digitalization and IoT in forging presses not only enhances productivity but also contributes to sustainability. By optimizing processes and reducing waste, these technologies help lower energy consumption and material usage, aligning with environmental and regulatory standards. Furthermore, the data-driven insights gained from these technologies can inform decisions on process improvements and innovations, keeping manufacturers competitive in a rapidly evolving market.
Competitive Landscape Analysis
Key players in Global Forging Presses Market include.
- Ajax Manufacturing Co
- Anyang Forging Press (Group) Machinery Industry Co Ltd
- Erie Press Systems
- Komatsu Ltd
- Kurimoto Ltd
- Mecolpress Spa
- MITSUBISHI NAGASAKI MACHINERY MFG.CO LTD
- Santec Exim Pvt Ltd
- Schuler AG
- Sumitomo Heavy Industries Ltd
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Type
- Market Snapshot, By End User
- Market Snapshot, By Region
- Global Forging Presses Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
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Automotive Demand
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Industrial Growth
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Precision Engineering
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Infrastructure Development
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- Restraints
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High Initial Costs
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Maintenance Expenses
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Skilled Labor Shortage
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Environmental Regulations
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- Opportunities
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Automotive Lightweighting
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Renewable Energy Projects
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Aerospace Expansion
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Digitalization & IoT Integration
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- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Forging Presses Market, By Type, 2021 - 2031 (USD Million)
- Closed Die Forging
- Open Die Forging
- Extrusion Presses
- Global Forging Presses Market, By End User, 2021 - 2031 (USD Million)
- Automotive
- Aerospace
- Others
- Global Forging Presses Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global Forging Presses Market, By Type, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Ajax Manufacturing Co
- Anyang Forging Press (Group) Machinery Industry Co Ltd
- Erie Press Systems
- Komatsu Ltd
- Kurimoto Ltd
- Mecolpress Spa
- MITSUBISHI NAGASAKI MACHINERY MFG.CO. LTD
- Santec Exim Pvt. Ltd
- Schuler AG
- Sumitomo Heavy Industries Ltd
- Company Profiles
- Analyst Views
- Future Outlook of the Market