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Mechanical Forging Press Machine Market Segmented By power range such as 300 to 500 T, 501 to 1000 T, 1,000 to 5,000 T, 5,001 to 10,000 T, More than 10,000 T with level of automation such as Manual, Semi-automated, CNC or computer driven control system
Mechanical forging press machine is used in the process of shaping a metal that is placed between two dies by applying mechanical pressure. The mechanical forging press machine converts the rotation of the motor into linear motion of the ram. The mechanical forging press machine are chosen by the end use industries based on the characteristics of manufacturing process. These mechanical forging press machines are commonly used in metal forging and sheet metal applications.
The key advantage of choosing mechanical forging press machine over hydraulic is that it is faster than the latter. In addition to that, they increase stiffness of the press structure to improve the accuracy of the forging process. The intrusion of automation solutions plays a major role in the productivity among the end users. The closed die rolling for the production of axles and wheels saves up to 30% material loss with the integrated plant solutions. Such developments is supporting the market growth of mechanical forging press machine.
The growth in the automotive industry is a key driving factor for the sales of global mechanical forging press machine market. As the developments in drive mechanism and advanced technologies get integrated the adoption rate for mechanical forging press machine has increased. The rising adoption of CNC hybrid presses is acting as a major restraint for the mechanical forging press machine market to grow at a linear growth.
The key challenging factor for the adoption rate is the high cost of mechanical forging press machine. The import of mechanical forging press machine from Japan, South Korea, China, and Taiwan are supporting the mechanical forging press machine market to have a potential growth. The manufacturers are getting collaborated with technology leaders for integrating control system and drive mechanism which is supporting the growth of mechanical forging press machine market.
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The mechanical forging press machine market is driven by Asian countries, as it is majorly supported by heavy industries such as automotive, defense, and oil and gas industries. Investments in the automotive production plants in China, India and South East Asian countries are expected to drive the growth of the mechanical forging press machine market.
The mechanical forging press machine market is also driven by oil and gas industries as they required heavy scale machinery products. In addition, the deployment of advanced mechanical forging press machine by integrating it with latest control system in developed economies such as the U.S., U.K., Germany, and Japan is expected to drive the mechanical forging press machine market.
Currently, the rising challenge based on high investment cost for mechanical forging press machine has affected the growth of the global mechanical forging press machine market. Regular maintenance and regulations about the safety of laborers is expected to drive the mechanical forging press machine market during the forecast period. Currently, the adoption of automated mechanical forging press machine market is growing at a faster rate as compared to the others.
Some of the key market participants in the global mechanical forging press machine market are:
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data.
It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, power range, level of automation, material type and end use.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.