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This report analyzes and forecasts the market for forging at the global and regional level. The market has been forecast based on volume (kilo tons) and revenue (US$ Mn) from 2019 to 2025. The study includes drivers and restraints of the global forging market. It also covers the impact of these drivers and restraints on demand for forging during the forecast period. The report also highlights opportunities in the forging market at the global and regional level.
The report comprises a detailed value chain analysis, which provides a comprehensive view of the global forging market. Porter’s Five Forces model for the forging market has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein end-users are benchmarked based on their market size, growth rate, and general attractiveness.
The study provides a decisive view of the global forging market by segmenting it in terms of type, company type, metals/ raw materials, and end-user. These segments have been analyzed based on present and future trends. Regional segmentation includes the current and forecast demand for forging in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report also covers demand for individual end-user segments in all the regions.
The report provides the estimated market size of forging for 2018 and forecast for the next nine years. The global market size of forging has been provided in terms of volume and revenue. Market numbers have been estimated based on key type, company type, metals, and application segments of forging market. Market size and forecast for each major types, company type, metals and application have been provided in terms of global and regional markets.
In order to compile the research report, we conducted in-depth interviews and discussions with a number of key industry participants and opinion leaders. Primary research represents the bulk of research efforts, supplemented by extensive secondary research. We reviewed key players’ product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research also includes a search of recent trade, technical writing, internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most reliable, effective, and successful approach for obtaining precise market data, capturing industry participants’ insights, and recognizing business opportunities.
Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations, and SEC filings, internal and external proprietary databases, and relevant patent and regulatory databases, national government documents, statistical databases, and market reports, news articles, press releases, and webcasts specific to companies operating in the market, National government documents, statistical databases, and market reports, The International Aluminium Institute, Euro forge, United States Geological Survey (USGS), National government documents, statistical databases and market reports, The Association of Indian Forging Industry, and
CEN – European Committee for Standardization. Primary research involves e-mail interactions, telephonic interviews, and face-to-face interviews for each market, category, segment, and sub-segment across geographies. We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate the data and analysis. Primary interviews provide firsthand information on market size, market trends, growth trends, competitive landscape, and outlook, etc. These help validate and strengthen secondary research findings. These also help develop the analysis team’s expertise and market understanding.
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The study includes profiles of major companies operating in the global forging market. Key players in the forging market include Arconic Inc., Allegheny Technologies Incorporated (ATI), Bharat Forge Limited, Nippon Steel & Sumitomo Metal, American Axle & Manufacturing Holdings (AAM), and Thyssenkrupp AG. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, recent developments, and SWOT analysis
The report segments the global Forging market as follows:
Forging Market: Type Analysis
- Closed Die
- Open Die
- Rolled Rings
Forging Market: Company Type Analysis
- Custom Forging
- Captive Forging
- Catalog Forging
Forging Market: Metals / Raw Materials Analysis
- Aluminium
- Magnesium
- Copper / Brass / Bronze
- Low-Carbon & Low-Alloy Steels
- Microalloy / HSLA Steels
- Special Alloy Steels
- Stainless Steel
- Nickel-Base Superalloy
- Titanium
- Refractory Metal
- Beryllium
- Zirconium
Forging Market: End-user Type Analysis
- Automotive
- Wind
- Oil & Gas
- Power Generation
- Agriculture
- Ordnance
- Mining
- Construction
- Aerospace
- Others (Hand Tools)
Forging Market: Regional Analysis
- North America
- U.S.
- Canada
- Europe
- France
- U.K.
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- ASEAN
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa (MEA)
- GCC
- Egypt
- South Africa
- Rest of MEA
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