Technavio has been monitoring the forging presses market, operating under the industrials sector. The latest report on forging presses market, 2020-2024 estimates it to register an incremental growth of USD 236.21 million, at a CAGR of almost 3% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Forging Presses Market 2020-2024 (Graphic: Business Wire)
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Competitors have to focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market. Market vendors also have to leverage on the existing growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. 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, and Sumitomo Heavy Industries Ltd. are among some of the major market participants.
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Benefits of forging over casting have been instrumental in driving the growth of the market. However, the lack of skilled labor in the manufacturing sector might hamper the market growth.
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Forging Presses Market 2020-2024: Segmentation
Forging Presses Market is segmented as below:
- North America
- South America
Based on geographic segmentation, over 68% of the market growth originated from APAC during the forecast period. In addition, the automotive industry led the growth under the end-user segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the market size.
Forging Presses Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The forging presses market report covers the following areas:
- Forging Presses Market Size
- Forging Presses Market Trends
- Forging Presses Market Industry Analysis
This study identifies the technological developments as one of the prime reasons driving the Forging Presses Market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Forging Presses Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist forging presses market growth during the next five years
- Estimation of the forging presses market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the forging presses market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of forging presses market, vendors
Table of Contents:
- Market ecosystem
- Value chain analysis
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five Forces Summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by End-user
- Market segments
- Comparison by End-user
- Automotive - Market size and forecast 2019-2024
- Aerospace - Market size and forecast 2019-2024
- Others - Market size and forecast 2019-2024
- Market opportunity by End-user
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- North America - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Volume drivers – Demand led growth
- Market challenges
- Market trends
- Vendor landscape
- Landscape disruption
- Vendors covered
- Market positioning of vendors
- 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.
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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