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).
Report ID: Rn093771287 Published Date: January, 2025 Updated Date: February, 2025

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.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By End User
    3. Market Snapshot, By Region
  4. Global Forging Presses Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Automotive Demand

        2. Industrial Growth

        3. Precision Engineering

        4. Infrastructure Development

      2. Restraints
        1. High Initial Costs

        2. Maintenance Expenses

        3. Skilled Labor Shortage

        4. Environmental Regulations

      3. Opportunities
        1. Automotive Lightweighting

        2. Renewable Energy Projects

        3. Aerospace Expansion

        4. Digitalization & IoT Integration

    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Forging Presses Market, By Type, 2021 - 2031 (USD Million)
      1. Closed Die Forging
      2. Open Die Forging
      3. Extrusion Presses
    2. Global Forging Presses Market, By End User, 2021 - 2031 (USD Million)
      1. Automotive
      2. Aerospace
      3. Others
    3. Global Forging Presses Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea ASEAN (Association of South East Asian Countries)
        6. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Ajax Manufacturing Co
      2. Anyang Forging Press (Group) Machinery Industry Co Ltd
      3. Erie Press Systems
      4. Komatsu Ltd
      5. Kurimoto Ltd
      6. Mecolpress Spa
      7. MITSUBISHI NAGASAKI MACHINERY MFG.CO. LTD
      8. Santec Exim Pvt. Ltd
      9. Schuler AG
      10. Sumitomo Heavy Industries Ltd
  7. Analyst Views
  8. Future Outlook of the Market