Among all manufacturing processes, forging technology has a special place because it helps to produce parts of superior mechanical properties with minimum waste of material.

The forging industry will continue to focus on the development of tooling and processes for net shape manufacturing of complex forgings, with an emphasis on reduction of press/tool elastic deflection, reduction of variation of process conditions, achieving tight tolerances, and use of special tooling/process with specific functions that enhance part quality. To facilitate product and process development in minimal time and expense, it is imperative that state-of-the-art CAE capabilities be fully exploited. Furthermore, leading-edge forging companies continue to develop strategies and capabilities for producing 'ready-to-assemble' parts and subassemblies for their customers. Thus, it is expected that high-tech cold forging suppliers in developed nations can remain competitive by producing high-value-added parts and subassemblies that require advanced technological expertise.