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Forging Market, by Type (Closed Die, Open Die, Rolled Rings), Company Type (Custom Forging, Captive Forging, Catalog Forging), Raw Material (Aluminium, Magnesium, Copper / Brass / Bronze, Low-Carbon & Low-Alloy Steels, Microalloy / HSLA Steels, Special Alloy Steels, Stainless Steel, Nickel-Base Superalloy, Titanium, Refractory Metal, Beryllium, Zirconium), End-user (Automotive, Wind, Oil & Gas, Power Generation, Agriculture, Ordnance, Mining, Construction, Aerospace, Others) – Global Revenue, Trends, Growth, Share, Size and Forecast to 2022

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The capital-demanding nature of forging market globally is accounting clear domination of well-well-established players operating in the markets around the world. This causes challenges for key players that are competing with giant players in accordance with features, quality, services and functionalities. The usage of new technology by huge players for adding efficient value for products that is already existing will further added to the wretchedness of small players. The expansion of automotive industry will influence positively forging industry globally by certain leaps and bounds.

The report on the global Forging market uses the top-down and bottom-up approaches to define, analyze, and describe the market trends for the next five years. The report also tracks the emerging applications, innovative technologies, and mergers & acquisitions. It also focuses on the growth drivers and restraints for the key market players during the forecast period.

KEY BENEFITS OF THE REPORT

  • In-depth analysis of the market ecosystem and its impact on the revenue growth
  • Understanding of the strategies that are being adopted by the key players in this market to stay competitive
  • Valuable insights into the key technological and market trends impacting this market

KEY PREMIUM INDUSTRY INSIGHTS

  • Industry of automotive depends on the components of forged metal for the producing high-pressure valves, flanges, valve bodies and fittings. Therefore, the market growth of forging is directly related to the automotive sector growth. Moreover, diverse applications of forgings in the industry of aerospace and oil & gas are projected to fuel the market for forging over the forecast period.
  • The global market for forging is boosted by enhancing economic conditions globally as well as innovations in various manufacturing and components process and budding end-user industries. The forging market growth is hindered by the growing input metal as well as labor prices and higher impression cost of forging process.
  • However, accessibility of every other process of metal forming might hinder the market growth of forging over the forecast period. Extensively forged metals are utilized in the industries of capital-intensive such as aerospace, defense, automotive, factory automation, and defense among others.

Regionally, the global forging market is segmented into North America, Europe, Asia-Pacific, and the rest of the world. Among these, Europe and North America are anticipated for displaying escalated market share in the years to come. The global market for forging in the Middle East & Africa and Latin America is presently in developing stage which is largely dominated by various local players. The Europe region is the market leader accounting for its dominant position in the global market for forging. Emerging countries of this region are key forged metal consumers for the increasing industrialization and urbanization in these regions. However, the market share of Asia Pacific region is anticipated to reduce in the years to come.

RESEARCH METHODOLOGY

The research methodology for Scalar Market Research’s forging market report utilizes a combination of top-down and bottom-up research formats. Our primary focus on continuous market tracking, rigorous fact-checking, data-triangulation, and multiple layers of quality control ensures high-quality data that can be leveraged for actionable research insights.

To know about the assumptions considered for the study, Download PDF Sample.

MARKET SEGMENTATION

This report analyzes the forging market by the following segments:

  • Forging Market, Type
    • Closed Die
    • Open Die
    • Rolled Rings
  • Forging Market, by Company Type
    • Custom Forging
    • Captive Forging
    • Catalog Forging
  • Forging Market, by Metals / Raw Materials
    • Aluminium
    • Magnesium
    • Copper / Brass / Bronze
    • Low-Carbon & Low-Alloy Steels
    • Microalloy / HSLA Steels
    • Special Alloy Steels
    • Stainless Steel
    • Nickel-Base Superalloy
    • Titanium
    • Refractory Metal
    • Beryllium
    • Zirconium
  • Forging Market, by End-user
    • Automotive
    • Wind
    • Oil & Gas
    • Power Generation
    • Agriculture
    • Ordnance
    • Mining
    • Construction
    • Aerospace
    • Others

KEY MARKET PLAYERS

Key players in the forging market include:

  • Arconic Inc.
  • Allegheny Technologies Incorporated (ATI)
  • Bharat Forge Limited
  • Nippon Steel & Sumitomo Metal
  • American Axle & Manufacturing Holdings (AAM)
  • Thyssenkrupp AG

GEOGRAPHIC COVERAGE AND ANALYSIS

This granular market research report covers the following geographic regions in great detail:

  • NORTH AMERICA
    • U.S.
    • Rest of North America
  • EUROPE
    • France
    • Germany
    • U.K.
    • Rest of Europe
  • ASIA-PACIFIC
    • China
    • India
    • Japan
    • Rest of Asia-Pacific
  • MIDDLE EAST & AFRICA
    • GCC
    • North Africa
    • South Africa
    • Rest of Middle East & Africa
  • LATIN AMERICA
    • Brazil
    • Rest of Latin America

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  1. MARKET OVERVIEW
    1. Market Definitions
    2. Research Methodology
    3. Market Segmentation
  2. EXECUTIVE SUMMARY
  3. MARKET DYNAMICS
    1. Drivers           
    2. Restraints
    3. Opportunities
    4. Premium Industry Trends
  4. INDUSTRY ANALYSIS
    1. Value Chain Analysis
  5. FORGING MARKET, TYPE
    1. Segment Share
    2. By Type
      1. Closed Die
      2. Open Die
      3. Rolled Rings
  6. FORGING MARKET, BY COMPANY TYPE
    1. Segment Share
    2. By Company Type
      1. Custom Forging
      2. Captive Forging
      3. Catalog Forging
  7. FORGING MARKET, BY METALS / RAW MATERIALS
    1. Segment Share
    2. By Metal / Raw Material
      1. Aluminum
      2. Magnesium
      3. Copper / Brass / Bronze
      4. Low-Carbon & Low-Alloy Steels
      5. Microalloy / HSLA Steels
      6. Special Alloy Steels
      7. Stainless Steel
      8. Nickel-Base Superalloy
      9. Titanium
      10. Refractory Metal
      11. Beryllium
      12. Zirconium
  8. FORGING MARKET, BY END-USER
    1. Segment Share
    2. By End-user
      1. Automotive
      2. Wind
      3. Oil & Gas
      4. Power Generation
      5. Agriculture
      6. Ordnance
      7. Mining
      8. Construction
      9. Aerospace
      10. Others
  9. FORGING MARKET, BY GEOGRAPHY
    1. Segment Share
    2. North America
      1. By Regions
        1. U.S.
        2. Rest of North America
      2. By Type
      3. By Company Type
      4. By Metal / Raw Material
      5. By End-user
    3. Europe
      1. By Region
        1. France
        2. Germany
        3. U.K.
        4. Rest of Europe
      2. By Type
      3. By Company Type
      4. By Metal / Raw Material
      5. By End-user
    4. Asia-Pacific
      1. By Region
        1. China
        2. India
        3. Japan
        4. Rest of Asia-Pacific
      2. By Type
      3. By Company Type
      4. By Metal / Raw Material
      5. By End-user
    5. Middle East & Africa
      1. By Region
        1. GCC
        2. North Africa
        3. South Africa
        4. Rest of Middle East & Africa
      2. By Type
      3. By Company Type
      4. By Metal / Raw Material
      5. By End-user
    6. Latin America
      1. By Region
        1. Brazil
        2. Rest of Latin America
      2. By Type
      3. By Company Type
      4. By Metal / Raw Material
      5. By End-user
  10. COMPETITIVE LANDSCAPE
    1. Market Positioning of Key Players, 2016
  11. KEY MARKET PLAYERS
    1. Arconic Inc.
      1. Overview
      2. Key Strategies
      3. Key Developments
    2. Allegheny Technologies Incorporated (ATI)
      1. Overview
      2. Key Strategies
      3. Key Developments
    3. Bharat Forge Limited
      1. Overview
      2. Key Strategies
      3. Key Developments
    4. Nippon Steel & Sumitomo Metal
      1. Overview
      2. Key Strategies
      3. Key Developments
    5. American Axle & Manufacturing Holdings (AAM)
      1. Overview
      2. Key Strategies
      3. Key Developments
    6. Thyssenkrupp AG
      1. Overview
      2. Key Strategies
      3. Key Developments
  12. SCALAR 360 DEGREE MARKET PERSPECTIVE
  13. APPENDIX
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