Global Forging Presses Market to Grow at a CAGR of 10% by 2021 - Development of First-ever All-in-one 3D Printing, Casting & Forging Techniques - Research and Markets

Research and Markets has announced the addition of the "Global Forging Presses Market 2017-2021" report to their offering.

The global forging presses market to grow at a CAGR of 10.16% during the period 2017-2021.

The report, Global Forging Presses Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

One trend in market is introduction of hybrid forging techniques. Forging is considered an economical process when compared with casting and fabrication. While considering the product lifecycle, which includes everything from procuring and scrapping costs, the benefits realized by forging are much higher than the short-term cost benefits of casting and fabrication. With the growing use of CAD and innovations in forging techniques, the costs, as well as time, can be further optimized.

One recent innovation is the use of a hybrid and open die-closed die design. The design imparts additional flexibility to the product and can be used for low volume production where the costs incurred for dies are not justified. Hybrid forging combines the advantages of open die casting with the net-shape abilities of closed die forging, which results in savings in terms of cost and time during the forging process. Moreover, the easy availability of the tool reduces the production lead time and can help in meeting flexible order quantities.

Key vendors

  • Ajax CECO
  • Anyang Forging Press
  • ERIE Press Systems
  • Schuler
  • Sumitomo Heavy Industries

Other prominent vendors

  • China National Erzhong Group
  • Isgec Heavy Engineering
  • J&H Press
  • JSC "Tjazhmekhpress"
  • Komatsu
  • Kurimoto
  • Lien Chieh Machinery
  • Northern Heavy Industries Group
  • QingDao Rungchang YiYou Machinery
  • SMS group

Key Topics Covered:

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction

PART 05: Market landscape

PART 06: Geographical segmentation

PART 07: Decision framework

PART 08: Drivers and challenges

PART 09: Market trends

PART 10: Vendor landscape

PART 11: Key vendor analysis

For more information about this report visit https://www.researchandmarkets.com/research/ptd2wf/global_forging