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The Global Forging Presses Market is expected to grow by $ 236.21 mn during 2020-2024 progressing at a CAGR of 3% during the forecast period

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Global Forging Presses Market 2020-2024 The analyst has been monitoring the forging presses market and it is poised to grow by $ 236. 21 mn during 2020-2024 progressing at a CAGR of 3% during the forecast period.

New York, Nov. 09, 2020 (GLOBE NEWSWIRE) -- announces the release of the report "Global Forging Presses Market 2020-2024" -
Our reports on forging presses market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the benefits of forging over casting, use of servo press in forging machines and technological developments. In addition, benefits of forging over casting is anticipated to boost the growth of the market as well.
The forging presses market analysis includes end-user segment and geographical landscapes

The forging presses market is segmented as below:
By End-user
• Automotive
• Aerospace
• Others

By Geographical Landscapes
• Europe
• North America
• South America

This study identifies the introduction of hybrid forging techniques as one of the prime reasons driving the forging presses market growth during the next few years. Also, integration of IoT with forging technology and development of first-ever all-in-one 3D printing, casting, and forging techniques will lead to sizable demand in the market.

The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our forging presses market covers the following areas:
• Forging presses market sizing
• Forging presses market forecast
• Forging presses market industry analysis

Read the full report:

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