Global Closed Die Forging Press Market is expected to exceed the market valuation of more than US$ XX billion in 2027 and is expected to grow at a significant CAGR of XX% during the forecast period (2021-2027). Closed die forging, also known as impression die forging, is a process in which dies move towards each other and cover the entire or part of the workpiece. This involves the placement of the metal between one or more custom shaped dies. The heated workpiece/ metal is then hammered or pressed, causing it to flow and be shaped by the die cavities. The world's heaviest closed die forging press is the Chinese press of the Erzhong group in the province of Sichuan which is working since 2013 with an incredible power of 80,000 tons. This press is as tall as a 10-story building and its use is very confidential, most probably to build military aircrafts. Even though the biggest, this closed die forging press is not the most technically advanced.
A forging press uses vertical ram to apply gradual pressure to a die holding workpiece. This process uses slow pressure instead of a series of blows like in drop forging. The slow movement of ram allows it to penetrate deeper into the workpiece which causes a more uniform deformation. In the closed die method (also known as impression die forging) the die surrounds the workpiece. A forging press either uses hydraulic or mechanical force. Most metals can be die forged using these forging presses, however, some metals are more adaptable to the process than other depending on different physical parameters. The strengths, endurance and weight of different metals vary and thus the heating temperatures to forge them varies. For example, steel needs to be heated to 1200 C/2200 F to be press forged while metals like nickel, cobalt, molybdenum, among others can also be press forged at much higher temperature.
SMS, Schuler, Mitsubishi, Beckwood, Ajax, Canada Forgings Inc., Lasco, Macrodyne Technologies, Komatsu, and J&H are some of the prominent players operating in the Closed Die Forging Press market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
"Amongst Type, 10,000-1,00,000 KN segment holds the major share"
Based on type, the closed die forging press market is segmented into <10,000 KN, 10,000-1,00,000 KN and >1,00,000 KN. The amount of force being applied depends on the metal being used and the type of hammer being used to shape it. Formula for finding the force, F is F = k-Yf-A, where k is the multiplying factor. The forging pressure of most metals' ranges from 550 to 1000 Mpa. The mechanical press has the forging force of 2700-107000 KN (2.7-107 MN), the hydraulic presses have the force of 450000 KN (450 MN) and the friction screw presses have the forging force of 1400 to 280000 MN (1.4 to 280 KN).
"Amongst Application, Automotive Industry Segment holds the major share"
Based on application the closed die forging press market is segmented into Automotive Industry, Hardware Tools, Engineering Machinery, and Others. Closed die forging press can shape steel, aluminum, steel, titanium, and many other metal alloys. Using this technique many 3-D shapes can be produced. These are immensely used in the Automotive industry to shape certain automobile components & parts such crank shaft, connecting rods, cam shaft and others. Further, with the help of closed die forging press, high quality components can be manufactured at a relatively reasonable cost. Additionally, the resulting parts are resistant to fatigue and impact and are also very durable and have a high strength to weight ratios.
"Asia Pacific represents one of the largest markets of Closed Die Forging Press market"
For a better understanding of the market dynamics of the Global Closed Die Forging Press market, a detailed analysis was conducted for different regions across the globe including North America (the U.S, Canada, and the Rest of North America), Europe (Germany, France, Italy, United Kingdom, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC) and Rest of the World. Asia Pacific dominated the market and grabbed around XX% market share owing to faster production rates and technological advancements.
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- Deep dive regional level analysis of the industry
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Closed die forging, also known as impression die forging, is a process in which dies move towards each other and cover the entire or part of the workpiece. This involves the placement of the metal between one or more custom shaped dies. The heated workpiece/metal is then hammered or pressed, causing it to flow and be shaped by the die cavities.
The world's heaviest closed die forging press is the Chinese press of the Erzhong group in the province of Sichuan which is working since 2013 with an incredible power of 80,000 tons. This press is as tall as a 10-story building and its use is very confidential, most probably to build military aircrafts. Even though the biggest, this closed die forging press is not the most technically advanced.
Key factors driving the growth of the closed die forging press market include its technological advancements as well the industrialization of developing countries which is driving the market growth. Additionally, in the long term closed die forging press is the cheapest forging technique available till date.
A few drawbacks of this machinery include its high initial establishing cost and bad environmental conditions during its working which can be harmful for the employees.
Based on type, the closed die forging press market is segmented into 10,000 KN, 10,000-1,00,000 KN and above 1,00,000 KN. The 10,000-1,00,000 KN segment accounted XX million revenues in 2020. The 10,000 KN segment is expected to grow at a CAGR of XX% during the forecast period to reach XX million revenues by 2027.
Based on application the closed die forging press market is segmented into Automotive Industry, Hardware Tools, Engineering Machinery, and Others. The automotive segment grabbed XX% market share of the Closed Die Forging Press Market with the revenue of US$ XX million in 2020.
For a better understanding of the market adoption of Closed Die Forging Press, the market is analysed based on its worldwide presence in the countries such as North America (United States, Canada, and Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. Asia Pacific constitutes the market share of XX% for the industry with the revenue of US$ XX million in 2020 because of the growing industrial advancements in the region.
Some of the major players operating in the market include SMS, Schuler, Mitsubishi, Beckwood, Ajax, Canada Forgings Inc., Lasco, Macrodyne Technologies, Komatsu, and J&H. Several M&A's along with partnerships have been undertaken by these players to boost their presence in different regions.
Closed Die Forging Press Market stood with US$ XX million revenues in 2020 and is projected to expand significantly with a CAGR of XX% from 2021-2027F. Closed Die Forging Press Market is expected to witness a boost on account of the increasing demand for faster, cheaper, and more efficient ways of developing industrial parts.
Table of Contents
1 MARKET INTRODUCTION
1.1. Market Definitions
1.2. Objective of the Study
1.3. Limitation
1.4. Stake Holders
1.5. Currency Used in Report
1.6. Scope of the Closed Die Forging Press Market Study
2 RESEARCH METHODOLOGY OR ASSUMPTION
2.1. Research Methodology for the Closed Die Forging Press Market
2.1.1. Main Objective of the Closed Die Forging Press Market
3 MARKET SYNOPSIS (INDUSTRY AT A GLANCE)
4 EXECUTIVE SUMMARY
5 GLOBAL CLOSED DIE FORGING PRESS MARKET AMID COVID-19
6 GLOBAL CLOSED DIE FORGING PRESS MARKET REVENUE (US$ BN), 2021-2027F
7 MARKET INSIGHTS BY PRODUCT TYPE
7.1. 10000 KN
7.2. 10000-100000 KN
7.3. Above 100000 KN
8 MARKET INSIGHTS BY APPLICATION
8.1. Hardware Tools
8.2. Engineering Machinery
8.3. Automotive Industry
8.4. Others
9 MARKET INSIGHTS BY REGION
9.1. NORTH AMERICA CLOSED DIE FORGING PRESS MARKET
9.1.1. United States of America
9.1.2. Canada
9.1.3. Rest of North America
9.2. EUROPE CLOSED DIE FORGING PRESS MARKET
9.2.1. United Kingdom
9.2.2. Germany
9.2.3. France
9.2.4. Spain
9.2.5. Italy
9.2.6. Rest of Europe
9.3. ASIA-PACIFIC CLOSED DIE FORGING PRESS MARKET
9.3.1. China
9.3.2. Japan
9.3.3. India
9.3.4. Australia
9.3.5. Rest of Asia-Pacific
9.4. REST OF THE WORLD CLOSED DIE FORGING PRESS MARKET
10 GLOBAL CLOSED DIE FORGING PRESS MARKET DYNAMICS
10.1. Drivers
10.2. Challenges
10.3. Impact Analysis
11 GLOBAL CLOSED DIE FORGING PRESS MARKET OPPORTUNITIES
12 GLOBAL CLOSED DIE FORGING PRESS MARKET TRENDS
13 LEGAL & REGULATORY FRAMEWORK
14 DEMAND AND SUPPLY SIDE ANALYSIS
14.1. Demand Side Analysis
14.2. Supply Side Analysis
14.2.1. Top Product Launches
14.2.2. Top Business Partnerships
14.2.3. Top Business Expansions, Investments and Divestitures
14.2.4. Top Merger and Acquisitions
15 VALUE CHAIN ANALYSIS
16 COMPETITIVE SCENARIO
17 COMPANY PROFILED
17.1. SMS
17.2. Schuler
17.3. Mitsubishi
17.4. Beckwood
17.5. Ajax
17.6. Canada Forgings Inc.
17.7. Lasco
17.8. Macrodyne Technologies
17.9. Komatsu
17.10. J&H
18 DISCLAIMER
SMS
Schuler
Mitsubishi
Beckwood
Ajax
Canada Forgings Inc.
Lasco
Macrodyne Technologies
Komatsu
and J&H