According to a new report from Intel Market Research, the global forging presses market was valued at USD 8.66 billion in 2024 and is projected to reach USD 11.57 billion by 2032, growing at a solid CAGR of 4.3% during the forecast period (2025–2032). This growth is propelled by sustained demand from the automotive and aerospace sectors, increased infrastructure development in emerging economies, and the integration of advanced automation technologies.

📥 Download Sample Report: Forging Presses Market - View in Detailed Research Report

What is a Forging Press?

Forging presses are industrial machines that shape metal through the application of continuous pressure, differing from the instantaneous impact of drop-hammer forging. The defining advantage of press forging is its ability to deform the entire workpiece uniformly—a critical difference from drop-hammer forging which typically only deforms the surfaces in contact with the hammer and anvil. The process can be performed either hot or cold, with the controlled strain rate being a key operational benefit that allows manufacturers to know precisely what kind of stress can be applied to the part, enabling the production of components with superior mechanical properties and dimensional accuracy essential for high-performance applications across multiple industries.

This report provides a deep insight into the global forging presses market covering all its essential aspects—from a macro overview of the market to micro details such as market size, competitive landscape, development trends, niche markets, key drivers and challenges, SWOT analysis, and value chain analysis.

The analysis helps the reader understand competition within the industry and strategies for enhancing profitability. Furthermore, it provides a framework for evaluating and accessing the position of a business organization. The report also focuses on the competitive landscape of the Global Forging Presses Market, introducing market share, performance, product positioning, and operational insights of major players. This helps industry professionals identify key competitors and understand the competition pattern.

In short, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those planning to foray into the forging presses market.

Key Market Drivers

1. Sustained Industrial Expansion and Manufacturing Output
The forging presses market benefits significantly from the unabated growth of global manufacturing, particularly the automotive sector which constitutes the largest application segment. The International Organization of Motor Vehicle Manufacturers (OICA) reported global vehicle production of approximately 85 million units in 2023, and this consistent industrial demand for vehicles, machinery, and equipment directly translates into a continued requirement for the forging presses that produce their critical components. This fundamental driver is further amplified by the ongoing transition towards electric vehicles, which demand high-strength, precisely forged components for battery housings, motor frames, and chassis parts, all of which require the capabilities provided by modern forging presses.

2. Technological Evolution Towards Automation and Precision
Manufacturers are progressively implementing advanced forging technologies including servo-driven systems, robotics, and IoT-enabled monitoring. These advancements are not merely incremental improvements but transformative changes that enhance operational efficiency, reduce energy consumption, and improve product quality. The adoption of computer-controlled forging presses allows for programmable control over the forging process, enabling the manufacture of parts with complex geometries and consistent quality that is essential for modern industrial applications and global supply chains.

Market Challenges

• High Capital Investment Requirements – The substantial initial cost for purchasing and installing modern forging presses, particularly large, fully automated systems, presents a considerable barrier to market entry and expansion, particularly for small and medium-sized enterprises.
• Intensive Competition from Alternative Manufacturing Processes – The market contends with significant competitive pressure from other metal forming technologies such as casting, additive manufacturing, and precision machining, which for certain applications can offer faster production times or greater design flexibility.
• Supply Chain Volatility and Raw Material Price Fluctuations – Variations in the cost and availability of essential raw materials like steel alloys directly influence the cost structure of forged parts.

Emerging Opportunities

The global industrial landscape presents substantial growth avenues, particularly through expansion in emerging economies and the development of next-generation press technologies. The drive towards sustainable manufacturing also creates a strong market pull for energy-efficient servo and hybrid presses, which offer unparalleled precision and flexibility compared to traditional mechanical or hydraulic systems. Additionally, the integration of digital services such as predictive maintenance and remote monitoring offers lucrative aftermarket opportunities for press manufacturers to build recurring revenue streams and strengthen long-term customer relationships.

📘 Get Full Report: Forging Presses Market - View Detailed Research Report

Regional Market Insights

• Asia-Pacific: Asia-Pacific is the undisputed dominant region, with China alone accounting for about 60% of the global market, a dominance that is closely followed by Japan and South Korea, which together hold an additional 15% share, driven by its powerhouse manufacturing sector and massive infrastructural investments.
• Europe: Europe maintains a mature and technologically advanced market, characterized by stringent environmental regulations that push manufacturers towards energy-efficient and environmentally friendly hydraulic and electric servo presses.
• North America: North America sustains a significant market presence, supported by strong demand from the aerospace, defense, and energy sectors, which require forging for producing critical, high-integrity components.

Market Segmentation

By Type

• Mechanical
• Hydraulic

By Application

• Automotive
• Hardware Tools
• General Machine
• Home Appliances
• Others

By Region

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa

Competitive Landscape

While Schuler, Komatsu, and Aida lead the global market, the competitive environment is characterized by a moderate concentration where the top five players collectively hold approximately 30% of the market share. This leadership cohort is composed of internationally recognized industrial manufacturing giants distinguished by their extensive product portfolios and global service networks.

The report provides in-depth competitive profiling of 14+ key players, including:

• Schuler AG
• Komatsu Ltd.
• Aida Engineering, Ltd.
• JIER Machine Tool Group
• Yangli Group
• Sumitomo Heavy Industries, Ltd.
• SMS Group GmbH
• Fagor Arrasate S.Coop.

Report Deliverables

• Global and regional market forecasts from 2025 to 2032
• Strategic insights into pipeline developments, regulatory approvals, and market entry strategies.
• Market share analysis and SWOT assessments
• Pricing trends and reimbursement dynamics

📘 Get Full Report: Forging Presses Market - View in Detailed Research Report

About Intel Market Research

Intel Market Research is a leading provider of strategic intelligence, offering actionable insights in industrial equipment, advanced manufacturing, and capital goods infrastructure. Our research capabilities include:

• Real-time competitive benchmarking
• Global clinical trial pipeline monitoring
• Country-specific regulatory and pricing analysis
• Over 500+ healthcare reports annually

Trusted by Fortune 500 companies, our insights empower decision-makers to drive innovation with confidence.

🌐 Website: https://www.intelmarketresearch.com
📞 International: +1 (332) 2424 294
📞 Asia-Pacific: +91 9169164321
🔗 LinkedIn: Follow Us