Global Hot Forging Press market cagr 4.50%

Hot Forging Press Market

Hot Forging Press Market Scope: Industry Analysis, Market Size, Growth, Trends Till 2031 Request

Hot Forging Press Market Size and Growth

The global hot forging press market is projected to grow at a steady rate due to increasing demand for forged components in industries like automotive, aerospace, and construction. The market size is expected to reach $1.2 billion by 2025, driven by advancements in technology and the need for high-strength components. Request

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Companies Covered

(Covid 19 Impact Covered)

◍ SMS

◍ Sumitomo

◍ TMP

◍ Schuler

◍ Fagor Arrasate

◍ Komatsu

◍ Lasco

◍ Kurimoto

◍ First Heavy

◍ Stamtec

◍ Ajax

◍ Mitsubishi

◍ Erie

◍ J&H

◍ Qingdao Yiyou

◍ Yandon

◍ NHI

The Hot Forging Press Market is highly competitive with major players such as SMS, Sumitomo, TMP, Schuler, Fagor Arrasate, Komatsu, Lasco, Kurimoto, First Heavy, Stamtec, Ajax, Mitsubishi, Erie, J&H, Qingdao Yiyou, Yandon, NHI, China National Erzhong Group. These companies utilize hot forging presses to manufacture high-quality forged components for various industries, contributing to the growth of the market.

- SMS: $12 billion

- Sumitomo: $6.5 billion

- Schuler: $3.8 billion

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◍ China National Erzhong Group

Market Segmentation

By Application

◍ Automotive

◍ Hardware Tools

◍ Engineering

◍ Others

By Product

◍ Less Than 10000 KN

◍ 10000-100000 KN

◍ More Than 100000 KN

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Market Growth

$ 1675.60 Million

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