Forging is the operation where the metal is heated and then a force is applied to manipulates the metals in such a way that the required final shape is obtained. Forging is generally a hot working process though cold forging is used sometimes.
Press forging works by slowly applying a continuous pressure or force, which differs from the near-instantaneous impact of drop-hammer forging. The amount of time the dies are in contact with the work piece is measured in seconds (as compared to the milliseconds of drop-hammer forges). The press forging operation can be done either cold or hot.
The main advantage of press forging, as compared to drop-hammer forging, is its ability to deform the complete work piece. Drop-hammer forging usually only deforms the surfaces of the work piece in contact with the hammer and anvil; the interior of the work piece will stay relatively unreformed. Another advantage to the process includes the knowledge of the new part's strain rate. We specifically know what kind of strain can be put on the part, because the compression rate of the press forging operation is controlled.
According to the new market research report “Forging Presses - Global Market Insights and Sales Trends 2024”, published by QYResearch, the global Forging Presses market size is projected to reach USD 11.89 billion by 2029, at a CAGR of 3.8% during the forecast period.
- Global Forging Presses Market Size(US$ Million), 2018-2029
Source: QYResearch, "Forging Presses - Global Market Insights and Sales Trends 2024”
- Global Forging Presses Top26Players Ranking and Market Share（Based on data of 2021, Continually updated）
Source: QYResearch, "Forging Presses - Global Market Insights and Sales Trends 2024”
The global key manufacturers of Forging Presses include Schuler, Komatsu, Aida, JIER, Yangli Group, SMS Group, QIQIHAR NO.2, Isgec Heavy Engineering, Chin Fong, Jsc"Tjazhmekhpress", etc. In 2020, the global top 10 players had a share approximately 41.0% in terms of revenue.
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