LONDON--(BUSINESS WIRE)--Technavio has been monitoring the forging market and it is poised to grow by 14.14 mn t during 2020-2024, progressing at a CAGR of over 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Aichi Steel Corp., Alcoa Corp., Allegheny Technologies Inc., American Axle & Manufacturing Inc., Arconic Inc., Bharat Forge Ltd., Bruck GmbH, Nippon Steel Corp., Sumitomo Electric Industries Ltd., and thyssenkrupp AG are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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The benefits of forging over other fabrication techniques has been instrumental in driving the growth of the market. However, instability in variable costs might hamper the market growth.
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Forging Market 2020-2024: Segmentation
Forging Market is segmented as below:
-
Product
- Closed Die Forging
- Open Die Forging
- Seamless Rings
-
End-user
- Automotive
- Others
-
Geographic Landscape
- APAC
- Europe
- MEA
- North America
- South America
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Forging Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The forging market report covers the following areas:
- Forging Market Size
- Forging Market Trends
- Forging Market Industry Analysis
This study identifies developments in robotics to enhance forging operations as one of the prime reasons driving the forging market growth during the next few years.
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Forging Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist forging market growth during the next five years
- Estimation of the forging market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the forging market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of forging market vendors
Table of Contents:
Executive Summary
- Market Overview
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product placement
- Closed die forging - Market size and forecast 2019-2024
- Open die forging - Market size and forecast 2019-2024
- Seamless rings - Market size and forecast 2019-2024
- Market opportunity by Product
Market Segmentation by End-user
- Market segments
- Comparison by End-user placement
- Automotive - Market size and forecast 2019-2024
- Others - Market size and forecast 2019-2024
- Market opportunity by End-user
Customer Landscape
- Overview
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- North America - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Geographic Landscape by Volume
- Geographic segmentation
- Geographic comparison
Drivers, Challenges, and Trends
- Market drivers
- Volume driver - Demand led growth
- Volume driver - Supply led growth
- Volume driver - External factors
- Volume driver - Demand shift in adjacent markets
- Price driver - Inflation
- Price driver - Shift from lower to higher priced units
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Aichi Steel Corp.
- Alcoa Corp.
- Allegheny Technologies Inc.
- American Axle & Manufacturing Inc.
- Arconic Inc.
- Bharat Forge Ltd.
- Bruck GmbH
- Nippon Steel Corp.
- Sumitomo Electric Industries Ltd.
- thyssenkrupp AG
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
