CAGR Value :
The global hot forging press market was valued at USD 1175 million in 2025 and is projected to reach USD 1626 million by 2032, exhibiting a CAGR of 4.9% during the forecast period.
Report
Studies : Forging is the operation where the metal is heated and then a force is applied to manipulate the metal in such a way that the required final shape is obtained. Forging is generally a hot working process, though cold forging is used sometimes. The market is experiencing growth due to several factors, including increased demand for forged components in automotive, aerospace, and heavy machinery industries. Additionally, the growing demand for high-strength and lightweight components is contributing to market expansion. The market is further driven by technological advancements in forging press technology, enhancing productivity and reducing costs. Key players are expanding their production capacities and geographic presence to cater to the growing demand. For instance, in 2023, SMS Group GmbH launched a new line of high-speed forging presses aimed at improving efficiency and reducing energy consumption.
Key Players :
• Kyocera Corporation
• CeramTec GmbH
• CoorsTek Inc.
• Morgan Advanced Materials
• 3M Company
• Ortech Advanced Ceramics
• Toshiba Materials Co., Ltd.
• Ferrotec Corporation
• International Syalons
• SINTX Technologies, Inc.
• Fraunhofer IKTS
• SKF Group
• Precision Ceramics
• Sinoma Advanced Nitride Ceramics Co., Ltd.
• Sinocera Fine Ceramics Co., Ltd.
