Global Metal Forging Market, By Raw Material (Carbon Steel, Alloy Steel, Aluminum, Magnesium, Stainless Steel, Titanium, Others), Application (Automotive, Aerospace, Oil & Gas, Construction, Agriculture, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights : Global Metal Forging Market
The metal forging market is expected to witness market growth at a rate of 5.85% in the forecast period of 2021 to 2028. Data Bridge Market Research report on metal forging market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The high use of technique in various industrial applications is escalating the growth of metal forging market.
Forging refers to a process that utilizes different comprehensive forces for shaping the metals. Some of the common raw materials of the metal forging are aluminium, magnesium, carbon steel, stainless steel, titanium, and other. The technique generally increases the strength of the material by closing the empty spaces and blocking the cracks.
The rise in demand from the global aerospace and automotive industries acts as one of the major factors driving the growth of metal forging market. The use of the technique for removing the inclusion in the part which is forged by breaking the impurities and redistributing it in the metal work, and expansion of aerospace and defence sector accelerate the market growth. The increase in the usage of titanium for the production of aircraft components and high demand for the product in applications such as oil and gas, construction, automotive, agriculture and others further influence the market. Additionally, rise of the oil and gas industry, industrialization and digitization, and growth of various manufacturing industries positively affect the metal forging market. Furthermore, technological advancements in the technique extends profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, high initial cost is expected to obstruct the market growth. High competition from the casting industry is projected to challenge the metal forging market in the forecast period of 2021-2028.
This metal forging market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on metal forging market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Metal Forging Market Scope and Market Size
The metal forging market is segmented on the basis of raw material and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of raw material, the metal forging market is segmented into carbon steel, alloy steel, aluminum, magnesium, stainless steel, titanium, and others.
- On the basis of application, the metal forging market is segmented into automotive, aerospace, oil & gas, construction, agriculture and others.
Global Metal Forging Market Country Level Analysis
The metal forging market is analysed, and market size, volume information is provided by country, raw material and application as referenced above.
The countries covered in the global metal forging market report are the U.S., Canada, and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the metal forging market due to the rise in the foreign investments in the developing economies within the region. North America is expected to be the fastest growing market during the forecast period of 2021 to 2028 because of the high demand from the automotive, oil & gas, aerospace, and construction sectors in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Metal Forging Market Share Analysis
The metal forging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to metal forging market.
The major players covered in the metal forging market report are Ansteel Vigano' Srl., Arconic, ATI., Bharat Forge, Bruck GmbH, ELLWOOD Group Inc., JAPAN CASTING & FORGING CORP, Hilton Metal Forging Ltd., Ace Forge pvt. ltd., L. A. Weiss, Chauhan Metal Forging Works., Drop Forging, Trenton Forging, Pradeep Metals Limited, A V Steel Forgings, Green Bay Drop Forge, Advance Forgings, CALMET, Shree Siddheshwari Metal Forging Pvt. Ltd, Viking Forge, LARSEN & TOUBRO LIMITED, and Precision Castparts Corp, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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