Published On : 28 Jun 2017
QYResearchReports.com announces the availability of a fresh report on the global hot forging market, which forecasts it to expand at a healthy CAGR during the forecast period of 2017 to 2022. The report, titled “Global Hot Forging Press Market Research Report 2017,” has been developed to serve as a credible business tool for the stakeholders connected to the global hot forging press market. It includes quantitative and qualitative analysis of all the factors that may impact the demand for hot forging press in the near future, catches the latest trends, and profiles some of the key companies in order to understand the nature of competitive landscape.
As per the findings of the report, the global hot forging press market is gaining maximum traction from the prosperity of the automotive sector. With rapid urbanization, primarily in the emerging economies, the demand for passenger and transportation vehicles is touching new peaks each year. In addition to that, the advent of electric vehicles is slowly but surely removing the burden of greenhouse gas pollution caused by automobiles and hence, the consumers are willing to invest in additional vehicles. This sustained demand for automobiles will continue to reflect positively on the global hot forging press market.
The aviation industry is another primary revenue resource for the global hot forging press market. In all developed countries as well as in emerging nations, increasing investments are being made for manufacturer and innovation in the aviation industry. Hot forging, which is an operation wherein metal is heated to manipulate and achieve desired shape, is at the backbone of automotive and aviation industry. The petroleum and mining sectors are other two key revenue avenues for the stakeholders of the global hot forging press market.
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Based on application, the report segments the global hot forging press market into aviation, automotive, mining machinery, petroleum machinery, and hardware tools. Product-wise, the market has been categorized into single station hot die forging and multi station hot die forging. For each of these segments, the report provides press production and CAGR comparisons for the duration of 2012 to 2022. Geographically, the report takes stock of the regions of North America, Europe, and Southeast Asia as well as in the countries of China, Japan, and India. For each of these regions, the report includes market size, revenue status, capacity, production status, and future prospects.
Ajax Manufacturing Company, J&H Press Co., Ltd, KURIMOTO, LTD, SMS group, China National Erzhong Group Co., Sumitomo, Yangzhou Metalforming Machine Group Co., Ltd., Komatsu, NHI, Qingdao Yiyou Metal Forming Machinery are some of the leading companies in the global hot forging press market that have been profiled in the report, which also includes their estimated market shares, product portfolio, and geographical reach.
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