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The international pattern is changing, and the demand for forgings in the military industry is increasing. This new opportunity for the forging industry will not only increase the demand for equipment, such as hot forging presses and screw presses, but also increase the demand for forgings. Therefore, the forging industry should seize the opportunity and develop in various ways.
The development of the military industry requires efficient and precise production machinery. Servo hot forging presses can fully meet this standard.The defense spending budget in 2021 will total $1.94 trillion, of which the defense spending budget of 10 countries or regions in North America is about $0.77 trillion, the defense spending budget of 44 countries or regions in Asia is about $0.64 trillion, and the defense spending budget of 37 countries or regions in Europe is about $0.64 trillion. The regional defense expenditure budget is about 0.36 trillion US dollars. The huge defense budget and expenditure and the demand for military equipment have allowed the downstream industry to flourish. Therefore, the forging industry should seize the opportunity and promote the development of the industry in multiple ways.
The increase in national defense investment will increase the demand for military equipment, thereby driving the development of the military forging industry. However, the military field has high requirements for the quality of machines and forgings, so if you want to seize this field, the forging industry should upgrade equipment, increase the production share of servo-controlled hot forging presses or screw presses, and create automated and efficient production workshops , products are developing towards high quality and light weight, pay attention to the country's policy support, and seize opportunities.
