DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/v75wxt/global_forging) has announced the addition of the "Global Forging Market 2016-2020" report to their offering.
The report predicts the global forging market to exhibit a healthy CAGR of around 8% during the forecast period.
Forging is an appropriate substitution to the casting methodology as it ensures greater efficiency, reliability, and precision. Custom forging accounts for the largest segment. In North America, this segment achieves sales figures worth $6 billion annually. Some of the major end-users of the forging industry include automotive, aerospace and defense, agriculture, construction, mining, general industrial equipment, and material handling equipment to name a few.
APAC accounts for the largest share of the forging industry, contributing about 61% of the total revenue generated. It is estimated to grow at a CAGR of around 9% during the forecast period. Increasing outsourcing of forging activities to low-cost countries in the region is expected to drive this regional market.
Demand for infrastructural development in developing countries and the emergence of India as the manufacturing hub for the automotive industry will propel the growth of the market in this region.
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by technology
PART 07: Market segmentation by end user
PART 08: Geographical segmentation
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
PART 15: Key vendor analysis
- Bharat Forge
- Nippon Steel and Sumitomo Metal
- Aichi Steel
- Mahindra Forging
- Schuler Group
For more information visit http://www.researchandmarkets.com/research/v75wxt/global_forging