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Analysis of the Current Status and Future Prospects of the Domestic Forging and Pressing Machine Market

Analysis of the Current Status and Future Prospects of the Domestic Forging and Pressing Machine Market

With the rapid development of China’s automotive, high-speed rail, wind power, and light industry sectors, the demand for and production volume of forged and pressed components have been steadily increasing. The forging industry is now experiencing an urgent need for high-precision forging presses, presenting unprecedented growth opportunities for the sector. After years of technological advancement and innovation, China’s domestic forging press market has established a well-rounded, strategically sound development plan—focusing on enhancing product quality while simultaneously controlling manufacturing costs and ramping up marketing efforts. As the industry moves forward, it’s crucial for domestic manufacturers to seize these opportunities by shifting from a purely production-oriented model toward a more service-driven approach, while also investing in cutting-edge, automated high-end forging press solutions. This strategic pivot will not only help them solidify their position in the domestic market but also pave the way for expanding into international markets. **I. Analysis of the Forging Press Market**

2020-02-13

The applications of magnesium alloy forging materials are expected to expand.

The applications of magnesium alloy forging materials are expected to expand.

The applications of magnesium alloy forging materials are expected to expand, but cost remains a significant bottleneck. As a result, the industry is actively pushing forward the development of new technologies to reduce expenses. One such innovation is the low-temperature magnesium alloy forging technology jointly developed by the Sustainable Materials Research Division of Japan's National Institute of Advanced Industrial Science and Technology (AIST), and Miyamoto Industry Co., Ltd. (headquartered in Tokyo). This technology offers several key benefits by lowering the forging temperature. Specifically, it involves pre-organizing and precisely controlling the structure of the forging material, which reduces the crystal grain size to below 10 μm. The process then employs servo stamping at relatively low temperatures—below 200°C—for efficient forging.

2020-02-13

Analysis Report on the Transformation and Upgrading of China's Large Forging Industry

Analysis Report on the Transformation and Upgrading of China's Large Forging Industry

Wuxi's machinery and equipment industry has once again achieved a significant milestone—China Forging Talent Network learned that the world's largest-tonnage hydraulic press recently rolled off the production line and began operation in the Jiangyin Port Industrial Development Zone. This "giant" was independently developed and manufactured by Jiangsu Guoguang Heavy Machinery Co., Ltd., reaching an impressive capacity of 19,500 tons—surpassing the previous record of 18,500 tons held by CITIC Heavy Industries. Cheng Xianbiao, a researcher at China National Research Institute of Heavy Machinery Co., Ltd., who participated in the R&D and design process, told reporters that this massive press is capable of seamlessly forging heavy-duty components required for applications such as aircraft carrier decks, large ball valves, and nuclear power facilities. Inside Guoguang Heavy Machinery's production workshop, this "colossus" of a hydraulic press stands ready to deliver unparalleled performance.

2020-02-13

Resolving excess capacity becomes the top priority for the coal and steel industries.

Resolving excess capacity becomes the top priority for the coal and steel industries.

Coal and steel enterprises will further accelerate the pace of resolving excess capacity. Yesterday, Li Pumin, Secretary-General and Spokesperson of the National Development and Reform Commission (NDRC), announced that the NDRC will implement five key measures in the next phase of supply-side structural reforms.

2020-02-13

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Wind power equipment: Keep half your mind awake, and let the other half drift in a dreamy haze.

2020-02-13

The industry is experiencing explosive growth, reshaping the competitive landscape of the wind power equipment sector.

2020-02-13

The Ministry of Finance clarifies the detailed rules for the use of special funds allocated to the wind power equipment industry.

2020-02-13

Three Major Favorable Policies Supporting the Machinery Industry in 2009

2020-02-13

National Administration of Quality Supervision: Notice on Opinions Regarding the Rectification Work for Metallurgical Lifting Machinery

2020-02-13

A 4 trillion yuan investment boost fuels hopes for the lifting equipment industry's rebirth.

2020-02-13

Chengdu Chengde Heavy Forging Co., Ltd.

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