Forging Presses Market Analysis North America, Europe, EMEA, APAC : US, Canada, China, Germany, UK - Size and Forecast 2023-2027

Published: Sep 2023 Pages: 169 SKU: IRTNTR45329

Forging Presses Market 2023-2027

The forging presses market size is estimated to grow at a CAGR of 3.28% between 2022 and 2027. The market size is forecast to increase by USD 313.13 million. The growth of the market depends on several factors such as the benefits of forging over casting, the use of servo press in forging machines, and the growing demand for renewable energy equipment. Our report examines historic data from 2017 to 2021, besides analyzing the current market scenario.

This report extensively covers market segmentation by application (automotive, aerospace, and others), type (hydraulic, mechanical, and others), and geography (APAC, Europe, North America, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. 

What will be the Size of the Forging Presses Market During the Forecast Period?

Forging Presses Market Forecast 2023-2027

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Forging Presses Market Dynamic

Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market. Although there has been a disruption in the growth of the market during the COVID-19 pandemic, a holistic analysis of drivers, trends, and challenges will help companies refine marketing strategies to gain a competitive advantage.    

Driver- Use of servo press in forging machines

What distinguishes servo presses from traditional presses is that they do not use motors or stable flywheels. Instead, they are replaced with variable-speed torque motors. The energy consumption in one production stroke of the servo press is significantly lower than that of the conventional press. Therefore, the overall product cost is significantly reduced.

As a result, the adoption of servo press technology will increase and companies will produce more competitive products. The use of variable-speed torque motors in servo presses ensures rapid changes in ram speed, reducing part transport time and achieving the desired quality. Due to these reasons, the growth of the global forging press market will be positive during the forecast period.

Trends- Integration of IoT with forging technology

Nowadays, the Internet of Things (IoT) has become very popular and is considered to be the next industrial revolution that the world will experience. The use of the Internet of Things (IoT) in the forging industry can give players a competitive advantage on a global scale. IoT enables real-time communication with users, and optimization eliminates waste, increases flexibility, increases return on investment, and reduces time-to-market (TMO) and inventory.

As a result, IoT has the potential to reduce costs and improve efficiency in the forging industry. For example, information about the volume of a die can be sent to a cutting machine, which then cuts the workpiece according to the history. This history can be used to enhance the control and monitoring of cuts under similar conditions, increasing tool life and machine availability while making your shop more competitive. Due to these reasons, the growth of the global forging press market will be positive during the forecast period.

Challenge- Increase in variable costs

The growth of any industry relies on the availability of raw materials and low-cost labor. The forging market relies on high volumes of ferrous and non-ferrous raw materials such as iron, steel, and other alloys. In addition to this, the market also needs skilled laborers to take out the forging of metal parts efficiently. The salaries of skilled laborers are rising globally. Hence, the industry is seeking to decrease its costs by outsourcing to regions where the low-cost workforce is mainly available while ensuring that the quality of the final product is not compromised.

Moreover, growing labor costs affect the overall profit margin of market players. To compensate for this, market players are forced to grow the selling price of forged parts. Thus, these market players face competition from players that employ low-cost labor, particularly in developing economies. The changes in raw material prices are another problem for the global forging market as these have a tremendous impact on the general revenue. Thus, such factors may impede the growth of the global forging presses market during the forecast period.

Forging Presses Market Segmentation by Application, Type and Geography

Application Segment Analysis:

The automotive segment will account for a major share of the market's growth during the forecast period.?The automotive industry is expected to produce large quantities of high-quality forged parts for a variety of commercial and passenger vehicles, including fender roots, spars and hinges, bulkheads and engine mounts, and other parts. This increases the demand for metal forging processes and increases the need for forging presses. As a result, forging presses are booming in automotive applications.

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The automotive segment was valued at USD 992.40 million in 2017. The global forging presses market players offer a wide range of products used in the automotive industry. For example, Santec Exim Pvt Ltd. Santec Exim, one of the leading suppliers in the global forging press market, offers hydraulic forging presses that are widely used for forming automotive wheels, bushings, gears, and forged fittings. Therefore, such factors will propel the growth of the global forging presses market during the forecast period.

Type Segment Analysis: 

Based on type, the market has been segmented into hydraulic, mechanical, and others. The hydraulic?segment will account for the largest share of this segment.?Hydraulic forging presses use hydraulic power to generate compressive forces for the shaping and formation of metal materials. Hydraulic forging presses provide a high degree of control and accuracy during the forging process. The force produced by the forging press can be precisely modulated to meet the specifications of the forging process, resulting in the production of quality components with precise dimensions and shapes. As a result, these factors will drive the growth of the market during the forecast period.

Regional Analysis

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APAC is estimated to contribute 64% to the growth by 2027. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period. The demand for automobiles is increasing in APAC due to the increase in urban population due to an increase in disposable income. Automakers have expanded production of a wide range of commercial and passenger vehicles to meet customer demand. Increased automobile production by these manufacturers increases the demand for metals, which in turn increases the demand for forging presses. This will drive the growth of the APAC forging presses market during the forecast period.

COVID Recovery Analysis:

In 2020, the outbreak of COVID-19 negatively affected the growth of the forging presses market in the APAC region. However, in 2021, the initiation of large-scale vaccination drives lifted the lockdown and travel restrictions. To fulfill the evolving needs of the sector, market players embraced digitization, intelligent automation, and innovative strategies. These technological advances raised productivity, lowered costs, and enhanced product quality. Thus, such factors will drive the growth of the global forging presses market during the forecast period.

Who are the Major Forging Presses Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

  • Anyang Forging Press Group Machinery Industry Co. Ltd.: The company offers forging presses such as MH series hydraulic forging presses for forging railway wheels through its subsidiary Schuler AG.

We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:

Andritz AG, Chin Fong Machine Industrial Co. Ltd., Ficep SpA, Komatsu Ltd., Kurimoto Ltd., LASCO Umformtechnik GmbH, Magnum Integrated Technologies Inc., Neff Press Inc., Park Ohio Holdings Corp., RATTAN HAMMERS, Santec Exim Pvt. Ltd., Sharma Presses, SMS group GmbH, Sumitomo Heavy Industries Ltd., Wepuko PAHNKE Engineering LP, AIDA Engineering Ltd., Beckwood Press, G.Siempelkamp GmbH and Co. KG, and JNH Press Co. Ltd. 

Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.  

Segment Overview

The forging presses market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • Application Outlook (USD Million, 2017 - 2027)
    • Automotive
    • Aerospace
    • Others
  • Type Outlook (USD Million, 2017 - 2027)
    • Hydraulic
    • Mechanical
    • Others
  • Region Outlook (USD Million, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile 
      • Brazil 
      • Argentina
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Forging Presses Market Scope

Report Coverage

Details

Page number

169

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 3.28%

Market growth 2023-2027

USD 313.13 million

Market structure

Fragmented

YoY growth 2022-2023(%)

2.86

Regional analysis

APAC, Europe, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 64%

Key countries

US, China, India, Germany, and UK

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

Andritz AG, Anyang Forging Press Group Machinery Industry Co. Ltd., Chin Fong Machine Industrial Co. Ltd., Ficep SpA, Komatsu Ltd., Kurimoto Ltd., LASCO Umformtechnik GmbH, Magnum Integrated Technologies Inc., Neff Press Inc., Park Ohio Holdings Corp., RATTAN HAMMERS, Santec Exim Pvt. Ltd., Sharma Presses, SMS group GmbH, Sumitomo Heavy Industries Ltd., Wepuko PAHNKE Engineering LP, AIDA Engineering Ltd., Beckwood Press, G.Siempelkamp GmbH and Co. KG, and JNH Press Co. Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Forging Presses Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the forging presses market between 2023 and 2027
  • Precise estimation of the forging presses market size and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market across APAC, Europe, North America, South America, and Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of forging presses market companies

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global forging presses market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on global forging presses market 2017 - 2021 ($ million)
    • 4.2 Application Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ million)
    • 4.3 Type Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Application

    • 6.1 Market segments
      • Exhibit 30: Chart on Application - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Application - Market share 2022-2027 (%)
    • 6.2 Comparison by Application
      • Exhibit 32: Chart on Comparison by Application
      • Exhibit 33: Data Table on Comparison by Application
    • 6.3 Automotive - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Automotive - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Automotive - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Automotive - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Automotive - Year-over-year growth 2022-2027 (%)
    • 6.4 Aerospace - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Aerospace - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Aerospace - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Aerospace - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Aerospace - Year-over-year growth 2022-2027 (%)
    • 6.5 Others - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 43: Data Table on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 44: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 6.6 Market opportunity by Application
      • Exhibit 46: Market opportunity by Application ($ million)
      • Exhibit 47: Data Table on Market opportunity by Application ($ million)

    7 Market Segmentation by Type

    • 7.1 Market segments
      • Exhibit 48: Chart on Type - Market share 2022-2027 (%)
      • Exhibit 49: Data Table on Type - Market share 2022-2027 (%)
    • 7.2 Comparison by Type
      • Exhibit 50: Chart on Comparison by Type
      • Exhibit 51: Data Table on Comparison by Type
    • 7.3 Hydraulic - Market size and forecast 2022-2027
      • Exhibit 52: Chart on Hydraulic - Market size and forecast 2022-2027 ($ million)
      • Exhibit 53: Data Table on Hydraulic - Market size and forecast 2022-2027 ($ million)
      • Exhibit 54: Chart on Hydraulic - Year-over-year growth 2022-2027 (%)
      • Exhibit 55: Data Table on Hydraulic - Year-over-year growth 2022-2027 (%)
    • 7.4 Mechanical - Market size and forecast 2022-2027
      • Exhibit 56: Chart on Mechanical - Market size and forecast 2022-2027 ($ million)
      • Exhibit 57: Data Table on Mechanical - Market size and forecast 2022-2027 ($ million)
      • Exhibit 58: Chart on Mechanical - Year-over-year growth 2022-2027 (%)
      • Exhibit 59: Data Table on Mechanical - Year-over-year growth 2022-2027 (%)
    • 7.5 Others - Market size and forecast 2022-2027
      • Exhibit 60: Chart on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 61: Data Table on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 62: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 63: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 7.6 Market opportunity by Type
      • Exhibit 64: Market opportunity by Type ($ million)
      • Exhibit 65: Data Table on Market opportunity by Type ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 67: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 68: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 69: Chart on Geographic comparison
      • Exhibit 70: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 71: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 72: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 73: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 74: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 Europe - Market size and forecast 2022-2027
      • Exhibit 75: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 76: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 77: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 78: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.5 North America - Market size and forecast 2022-2027
      • Exhibit 79: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 80: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 81: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 82: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.6 South America - Market size and forecast 2022-2027
      • Exhibit 83: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 84: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 85: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 86: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 87: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 88: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 89: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 90: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.8 China - Market size and forecast 2022-2027
      • Exhibit 91: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 92: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 93: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 94: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.9 India - Market size and forecast 2022-2027
      • Exhibit 95: Chart on India - Market size and forecast 2022-2027 ($ million)
      • Exhibit 96: Data Table on India - Market size and forecast 2022-2027 ($ million)
      • Exhibit 97: Chart on India - Year-over-year growth 2022-2027 (%)
      • Exhibit 98: Data Table on India - Year-over-year growth 2022-2027 (%)
    • 9.10 US - Market size and forecast 2022-2027
      • Exhibit 99: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 100: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 101: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 102: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.11 Germany - Market size and forecast 2022-2027
      • Exhibit 103: Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 104: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 105: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 106: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.12 UK - Market size and forecast 2022-2027
      • Exhibit 107: Chart on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 108: Data Table on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 109: Chart on UK - Year-over-year growth 2022-2027 (%)
      • Exhibit 110: Data Table on UK - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 111: Market opportunity by geography ($ million)
      • Exhibit 112: Data Tables on Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 113: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 114: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 115: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 116: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 117: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 118: Matrix on vendor position and classification
            • 12.3 AIDA Engineering Ltd.
              • Exhibit 119: AIDA Engineering Ltd. - Overview
              • Exhibit 120: AIDA Engineering Ltd. - Business segments
              • Exhibit 121: AIDA Engineering Ltd. - Key offerings
              • Exhibit 122: AIDA Engineering Ltd. - Segment focus
            • 12.4 Andritz AG
              • Exhibit 123: Andritz AG - Overview
              • Exhibit 124: Andritz AG - Business segments
              • Exhibit 125: Andritz AG - Key news
              • Exhibit 126: Andritz AG - Key offerings
              • Exhibit 127: Andritz AG - Segment focus
            • 12.5 Anyang Forging Press Group Machinery Industry Co. Ltd.
              • Exhibit 128: Anyang Forging Press Group Machinery Industry Co. Ltd. - Overview
              • Exhibit 129: Anyang Forging Press Group Machinery Industry Co. Ltd. - Product / Service
              • Exhibit 130: Anyang Forging Press Group Machinery Industry Co. Ltd. - Key offerings
            • 12.6 Beckwood Press
              • Exhibit 131: Beckwood Press - Overview
              • Exhibit 132: Beckwood Press - Product / Service
              • Exhibit 133: Beckwood Press - Key offerings
            • 12.7 Ficep SpA
              • Exhibit 134: Ficep SpA - Overview
              • Exhibit 135: Ficep SpA - Product / Service
              • Exhibit 136: Ficep SpA - Key offerings
            • 12.8 G.Siempelkamp GmbH and Co. KG
              • Exhibit 137: G.Siempelkamp GmbH and Co. KG - Overview
              • Exhibit 138: G.Siempelkamp GmbH and Co. KG - Product / Service
              • Exhibit 139: G.Siempelkamp GmbH and Co. KG - Key offerings
            • 12.9 JNH Press Co. Ltd.
              • Exhibit 140: JNH Press Co. Ltd. - Overview
              • Exhibit 141: JNH Press Co. Ltd. - Product / Service
              • Exhibit 142: JNH Press Co. Ltd. - Key offerings
            • 12.10 Komatsu Ltd.
              • Exhibit 143: Komatsu Ltd. - Overview
              • Exhibit 144: Komatsu Ltd. - Business segments
              • Exhibit 145: Komatsu Ltd. - Key news
              • Exhibit 146: Komatsu Ltd. - Key offerings
              • Exhibit 147: Komatsu Ltd. - Segment focus
            • 12.11 Kurimoto Ltd.
              • Exhibit 148: Kurimoto Ltd. - Overview
              • Exhibit 149: Kurimoto Ltd. - Business segments
              • Exhibit 150: Kurimoto Ltd. - Key offerings
              • Exhibit 151: Kurimoto Ltd. - Segment focus
            • 12.12 LASCO Umformtechnik GmbH
              • Exhibit 152: LASCO Umformtechnik GmbH - Overview
              • Exhibit 153: LASCO Umformtechnik GmbH - Product / Service
              • Exhibit 154: LASCO Umformtechnik GmbH - Key offerings
            • 12.13 Magnum Integrated Technologies Inc.
              • Exhibit 155: Magnum Integrated Technologies Inc. - Overview
              • Exhibit 156: Magnum Integrated Technologies Inc. - Product / Service
              • Exhibit 157: Magnum Integrated Technologies Inc. - Key offerings
            • 12.14 Neff Press Inc.
              • Exhibit 158: Neff Press Inc. - Overview
              • Exhibit 159: Neff Press Inc. - Key offerings
            • 12.15 Park Ohio Holdings Corp.
              • Exhibit 160: Park Ohio Holdings Corp. - Overview
              • Exhibit 161: Park Ohio Holdings Corp. - Business segments
              • Exhibit 162: Park Ohio Holdings Corp. - Key news
              • Exhibit 163: Park Ohio Holdings Corp. - Key offerings
              • Exhibit 164: Park Ohio Holdings Corp. - Segment focus
            • 12.16 Santec Exim Pvt. Ltd.
              • Exhibit 165: Santec Exim Pvt. Ltd. - Overview
              • Exhibit 166: Santec Exim Pvt. Ltd. - Product / Service
              • Exhibit 167: Santec Exim Pvt. Ltd. - Key offerings
            • 12.17 SMS group GmbH
              • Exhibit 168: SMS group GmbH - Overview
              • Exhibit 169: SMS group GmbH - Product / Service
              • Exhibit 170: SMS group GmbH - Key offerings
            • 12.18 Sumitomo Heavy Industries Ltd.
              • Exhibit 171: Sumitomo Heavy Industries Ltd. - Overview
              • Exhibit 172: Sumitomo Heavy Industries Ltd. - Product / Service
              • Exhibit 173: Sumitomo Heavy Industries Ltd. - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 174: Inclusions checklist
                • Exhibit 175: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 176: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 177: Research methodology
                • Exhibit 178: Validation techniques employed for market sizing
                • Exhibit 179: Information sources
              • 13.5 List of abbreviations
                • Exhibit 180: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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