The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
The latest trend gaining momentum in the market is the developments in robotics to enhance forging operations. Forging techniques for manufacturing components and parts are extensively used in industries such as automotive, aerospace, and medical. Therefore, recent advances in robotics have resulted in various benefits for designers of high-volume forging lines.
According to the report, one of the major drivers for this market is the advantages of forging over other fabrication techniques. Forging is widely used in almost all end-user industries that require high-strength products. Although there are high initial costs associated with closed die forging, these costs can be brought down by manufacturing high volumes, resulting in the decline in the recurring cost of individual parts.
Further, the report states that one of the major factors hindering the growth of this market is the instability in variable costs. The fluctuations in raw material prices is a key concern for the global forging market as they have a huge impact on the overall revenue. The cost of these materials fluctuates because of scarcity and inflationary pressures and results in uncertainty of the vendors' profitability.
- Aichi Steel
- Bharat Forge
- Nippon Steel & Sumitomo Metal
Key Topics Covered
1. Executive Summary
2. Scope of the Report
3. Research Methodology
4. Market Landscape
5. Market Sizing
6. Five Forces Analysis
7. Market Segmentation by End-User
8. Market Segmentation by Product
9. Customer Landscape
10. Regional Landscape
11. Decision Framework
12. Drivers and Challenges
13. Market Trends
14. Vendor Landscape
15. Vendor Analysis
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