Boston, MA -- (SBWIRE) -- 05/15/2017 -- Forging is a manufacturing process wherein a metal is processed by pressing, pounding, and squeezing it under high pressure, thereby transforming the metal into the size and shape required by customers. The strength of forged parts is higher than those manufactured using other metalworking processes. Forged parts are used in creating parts of equipment that demand high reliability and safety. For instance, they are used in automobiles, aircraft, engines, ships, oil drilling equipment, and missiles. Forged parts vary distinctly from each other in terms of size, shape, and sophistication. The dies, used to make forged parts, are manufactured using forging. Forged parts are used in common equipment such as hammers and wrenches, as well as in close tolerance precision components that are used in aircraft and spacecraft. For instance, the Boeing 747 has more than 18,000 forged parts.

Get More Details on this Report and a Full Table of Contents at Global Forging Presses Market 2017-2021

Technavio's analysts forecast the global forging presses market to grow at a CAGR of 10.16% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global forging presses market for 2017-2021. To calculate the market size, the report covers the current market scenario and forecasts. The report also includes the segmentation of the market on the basis of geography.

The market is divided into the following segments based on geography:

-Americas
-APAC
-EMEA

Technavio's 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.

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

Market driver

-Growing demand for renewable energy equipment.
-For a full, detailed list, view our report

Market challenge

-Lack of skilled labor in the manufacturing sector.
-For a full, detailed list, view our report

Market trend

-Development of first-ever all-in-one 3D printing, casting, and forging techniques.
-For a full, detailed list, view our report

Key questions answered in this report

-What will the market size be in 2021 and what will the growth rate be?
-What are the key market trends?
-What is driving this market?
-What are the challenges to market growth?
-Who are the key vendors in this market space?
-What are the market opportunities and threats faced by the key vendors?
-What are the strengths and weaknesses of the key vendors?

You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.

Companies Mentioned in this Report: Ajax CECO, Anyang Forging Press, ERIE Press Systems, Schuler, Sumitomo Heavy Industries, China National Erzhong, Isgec Heavy Engineering, J&H Press, JSC Tjazhmekhpress, Komatsu, Kurimoto, Lien Chieh Machinery, Northern Heavy Industries, QingDao Rungchang YiYou Machinery, SMS

About Fast Market Research
Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

Browse all Manufacturing research reports at Fast Market Research

You may also be interested in these related reports:

-Global Foundry and Forging Robots Market 2016-2020
-Global Hydraulic Press Machine Market 2017-2021
-Global Forging Market 2017-2021
-Global Aluminum Market for the Automotive Industry 2016-2020
-Global Metalworking Fluids Market 2016-2020