United States Press Forging Machine Market was valued at USD 0.9 Billion in 2022 and is projected to reach USD 1.4 Billion by 2030, growing at a CAGR of 6.7% from 2024 to 2030.
The US Press Forging Machine Market is witnessing significant growth due to increasing demand from various industries such as automotive, aerospace, and heavy machinery. Press forging machines are used to shape metal by applying pressure, which has made them an essential part of manufacturing processes across these industries. As the market continues to evolve, both the types of machines available and the requirements from industries are becoming more specialized.
Among the different types of press forging machines, hydraulic presses, mechanical presses, and pneumatic presses dominate the market. Hydraulic presses are preferred in industries requiring high force and precision, while mechanical presses are typically used in high-speed production environments. Pneumatic presses, on the other hand, are used for lighter forging processes, offering faster cycle times. The demand for each type varies based on the specific needs of the industry, with automotive manufacturers favoring mechanical presses for their high efficiency, while the aerospace sector leans towards hydraulic presses for their ability to handle complex shapes and materials.
One of the main requirements from industries is the need for high-quality, durable, and versatile press forging machines. For example, automotive companies often demand machines capable of producing components with tight tolerances, which are necessary for the performance and safety of vehicles. Additionally, industries are increasingly looking for energy-efficient machines that can help reduce operational costs. The integration of advanced technologies like automation, smart sensors, and IoT capabilities is also gaining traction in the press forging machine market, allowing manufacturers to streamline operations and improve overall productivity.
Furthermore, with the rise of sustainability initiatives, industries are pushing for machines that minimize waste and energy consumption. Companies are looking for press forging machines that offer precision without excessive material loss, thereby contributing to sustainability goals. As these requirements evolve, manufacturers are continuously innovating to meet the demands of the market and stay ahead of the competition.
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SMS (DE)
Komatsu
Sumitomo
TMP (RU)
Schuler (DE)
Ajax
Aida
Kurimoto
Fagor Arrasate (ES)
Mitsubishi
Lasco (DE)
Ficep (IT)
First Heavy
Stamtec
Erie
Beckwood
Erzhong
J&H
Mecolpress (IT)
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the US Press Forging Machine Market
Open Die Forging Machines
Closed Die Forging Machines
Ring Rolling Forging Machines
Upset Forging Machines
Aerospace & Defense
Automotive
Energy & Power
Industrial Machinery
Heavy Equipment
Steel
Aluminum
Titanium
Nickel
Others
Automotive Industry
Aerospace Industry
Energy & Power Industry
Industrial Equipment Industry
Heavy Equipment Industry
Hot Forging
Cold Forging
Warm Forging
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the US Press Forging Machine Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. US Press Forging Machine Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. US Press Forging Machine Market, By Type
6. US Press Forging Machine Market, By Application
7. US Press Forging Machine Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. US Press Forging Machine Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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