Horizontal Forging Machine Market - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024 - 2031
The "Horizontal Forging Machine Market" prioritizes cost control and efficiency enhancement. Additionally, the reports cover both the demand and supply sides of the market. The Horizontal Forging Machine market is anticipated to grow at an annual rate of 13% from 2024 to 2031.
This entire report is of 128 pages.
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Horizontal Forging Machine Market Analysis
The global Horizontal Forging Machine market research report highlights key market conditions, providing valuable insights into the industry trends. Horizontal Forging Machine is a specialized equipment used in metal forming processes. The target market includes industries like automotive, aerospace, and construction. Major factors driving revenue growth in the market include increasing demand for lightweight and durable metal components, technological advancements in forging processes, and growing industrialization in developing countries. Analysis of key players like SMS group, Kanematsu KGK Corp, and Schuler reveals their market positioning and strategies. The report recommends focusing on innovation, expanding into emerging markets, and strategic partnerships to capitalize on market opportunities.
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Horizontal Forging Machine Market is witnessing growth due to its various types like Hot Forging and Cold Forging. These machines find applications in the Automotive Industry, Hardware Tools, Engineering Machinery, and other sectors. The market is segmented based on the type of forging and its applications.
Regulatory and legal factors play a crucial role in shaping the market conditions for Horizontal Forging Machines. Compliance with safety regulations, environmental laws, and labor laws are essential for manufacturers in this industry. Additionally, adherence to quality standards and certifications is important to maintain market credibility.
Overall, the Horizontal Forging Machine Market is expected to grow steadily in the coming years, driven by the increasing demand for forged products in various industries. Manufacturers need to stay updated on regulatory and legal factors to ensure smooth operations and sustainable growth in this competitive market.
Top Featured Companies Dominating the Global Horizontal Forging Machine Market
The horizontal forging machine market is highly competitive with key players such as SMS group, Kanematsu KGK Corp, American GFM, Sumitomo, TMP, Schuler, Fagor Arrasate, Komatsu, Lasco, Kurimoto, Stamtec, Ajax, Mitsubishi, FORGE Magazine, JNH PRESS, Qingdao Yiyou, and Farinia Group.
These companies offer a range of horizontal forging machines that cater to various industries such as automotive, aerospace, and manufacturing. SMS group, for example, specializes in providing advanced forging solutions for the automotive industry. Kanematsu KGK Corp offers horizontal forging machines for precision forging applications. American GFM specializes in high-speed forging machines for the aerospace industry. Sumitomo and Schuler are known for their innovative technologies in the forging industry.
These companies play a crucial role in growing the horizontal forging machine market by offering advanced technologies, customized solutions, and excellent customer service. They help industries improve their production processes, reduce production time, and increase productivity.
In terms of sales revenue, SMS group reported a revenue of $3.4 billion in 2020, while Schuler reported a revenue of $1.8 billion in the same year. The Farinia Group, a global player in the forging industry, reported a revenue of $2.3 billion in 2020.
Overall, the companies operating in the horizontal forging machine market are driving innovation, expanding their product portfolios, and catering to the evolving needs of the industry, thereby contributing to the growth of the market.
SMS groupKanematsu KGK CorpAmerican GFMSumitomoTMPSchulerFagor ArrasateKomatsuLascoKurimotoStamtecAjaxMitsubishiFORGE MagazineJNH PRESSQingdao YiyouFarinia Group
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Horizontal Forging Machine Segment Analysis
Horizontal Forging Machine Market, by Application:
Automotive IndustryHardware ToolsEngineering MachineryOthers
Horizontal Forging Machines are commonly used in the automotive industry to manufacture automotive parts such as gears, shafts, and engine components. In the hardware tools sector, these machines are utilized for producing tools like wrenches and screwdrivers. In the engineering machinery field, horizontal forging machines are essential for creating heavy-duty components such as crankshafts and connecting rods. Additionally, these machines find applications in other industries for producing a variety of forged products. The fastest growing application segment in terms of revenue is the automotive industry, due to the increasing demand for high-quality forged components in modern vehicles.
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Horizontal Forging Machine Market, by Type:
Hot ForgingCold Forging
Horizontal forging machines come in two types: hot forging and cold forging. Hot forging involves heating the metal to high temperatures before shaping it, while cold forging is performed at room temperature. Both processes offer unique benefits, with hot forging providing enhanced material properties and cold forging offering higher precision and better surface finish. These distinct advantages attract a wide range of industries, including automotive, aerospace, and construction, boosting the demand for horizontal forging machines in the market. Overall, the variety of benefits offered by these forging techniques contribute to the growth of the horizontal forging machine market.
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Regional Analysis:
North America: United States Canada Europe: Germany France U.K. Italy Russia Asia-Pacific: China Japan South Korea India Australia China Taiwan Indonesia Thailand Malaysia Latin America: Mexico Brazil Argentina Korea Colombia Middle East & Africa: Turkey Saudi Arabia UAE Korea
The Horizontal Forging Machine market is expected to witness significant growth in various regions. North America, including the United States and Canada, is anticipated to dominate the market with a market share of around 30%. Europe, with key countries like Germany, France, and the U.K., is expected to hold a market share of approximately 25%. The Asia-Pacific region, particularly China, Japan, India, and South Korea, is also poised for substantial growth, with a market share of around 20%. Latin America, Middle East & Africa are projected to contribute to the growth of the Horizontal Forging Machine market as well.
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