LONDON--(BUSINESS WIRE)--The forging market is expected to grow by 14.14 million t, progressing at a CAGR of over 5% during the forecast period.
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The developments in robotics is one of the major factors propelling market growth.
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Forging Market: Product Landscape
Closed die forging or impression die forging is manufactured using an impression die to compress the workpiece. The impression die consists of cavities that restrict the flow of the metal within the cavity. As the metal is subjected to plastic compression, it fills the cavity of the die mold. Thus, the forged metal part retains the dimensions and shape of the mold. The process leads to changes in the grain structure of the metal. The desired grain structure can be achieved by controlled material deformation. Market growth in this segment will be slower than the growth of the market in the seamless rings segment.
Forging Market: Geographic Landscape
APAC had the largest forging market share in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The strong growth in the production of automobiles will significantly influence forging market growth in this region. 65% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for forging in APAC. Market growth in this region will be faster than the growth of the market in other regions.
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Companies Covered:
- 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
What our reports offer:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers market data for 2019, 2020, until 2024
- Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Key Topics Covered:
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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