The global Forging market is valued at 42460 million US$ in 2020 is expected to reach 61610 million US$ by the end of 2026, growing at a CAGR of 5.4% during 2021-2026.
Global“ Forging ” MarketReport 2020 offers a professional and in-depth study on the current state of the Global Forging Market along with competitive landscape, Forging Market share and revenue forecasts 2026. This report is a valuable source of guidance for companies and individuals offering Industry Chain Structure, Business Strategies and Proposals for New Project Investments.
Forging is a manufacturing process involving the shaping of metal using localized compressive forces. The blows are delivered with a hammer (often a power hammer) or a die. Forging is often classified according to the temperature at which it is performed: cold forging (a type of cold working), warm forging, or hot forging (a type of hot working). For the latter two, the metal is heated, usually in a forge. Forged parts can range in weight from less than a kilogram to hundreds of metric tons. Forging has been done by smiths for millennia; the traditional products were kitchenware, hardware, hand tools, edged weapons, cymbals, and jewellery. Since the Industrial Revolution, forged parts are widely used in mechanisms and machines wherever a component requires high strength; such forgings usually require further processing (such as machining) to achieve a finished part. Today, forging is a major worldwide industry.
The global average price of automotive forging products is in the decreasing trend, from 2271 USD/MT in 2013 to 2164 USD/MT in 2017. With the situation of raw material, prices will be in increasing trend in the following five years. In terms of raw material, the segments of the global automotive forging market include aluminum, copper/brass/bronze, low-carbon and low-alloy steels, special alloy steel, stainless steel. The segments of the global automotive forging market on the basis of type are closed die, open die, and rolled rings. Amongst them, the segment of closed die dominates in terms of revenue and the trend is expected to continue over the forecast period. This is due to the par excellence performance and finish of products that are obtained using this process. The key application segments of the global automotive forging market covered in this report are powertrain components, chassis components, transmission parts and other part. Amongst all, powertrain components are the leading application segment of the market. The leading share of the powertrain components segment is ascribed to the expansion of the automobile industry to cater to the high demand for automobiles. The powertrain components segment held almost 48.21% of the global automotive forging market in terms of volume in 2017. Geography-wise, the global automotive forging market is segmented into North America, Europe, Asia Pacific (China, India, Japan, etc.). In the years ahead, Asia Pacific is expected to display the leading growth amongst other key regions. The growth of the region is mainly driven by the development of automotive industries. Emerging economies of the region are major consumers of forged metal for the rising urbanization and industrialization in these regions. The capital-intensive nature of the global automotive forging market accounts for the clear dominance of well-entrenched players that operate in international markets. This poses challenge for small players that compete with large players with respect to quality, features, functionalities, and services. The use of newer technologies by large players to add qualitative value to existing products will further add to the woes of small players. Market Analysis and Insights: Global Forging Market
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The Global Forging market analysis is provided for the international markets including development trends, competitive landscape analysis, and key regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed. This report also states import/export consumption, supply and demand Figures, cost, price, revenue and gross margins.
This report studies the Forging market size (value and volume) by players, regions, product types and end industries, history data 2015-2019 and forecast data 2020-2026; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter’s Five Forces Analysis.
Global Forging market competition by top manufacturers, with production, price, and revenue (value) and market share for each manufacturer; the top players including:
- Nippon Steel and Sumitomo Metal
- Aichi Steel
- Bharat Forge
- Mahindra Forgings Europe
- Longcheng Forging
- Dongfeng Forging
- Jiangsu Pacific Precision Forging
- Sypris Solutions
- Ashok Leyland
- Allegheny Technologies
- VDM Metals
- CITIC Heavy Industries
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With tables and figures helping analyze worldwide GlobalForgingmarket, this research provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.
ForgingBreakdown Data by Type:
- Closed Die Forgings
- Open Die Forgings
- Rolled Rings Forgings
ForgingBreakdown Data by Application:
- Powertrain Components
- Chassis Components
- Transmission Parts
- Other Parts….
This Forging Market Research/analysis Report Contains Answers to your following Questions
- Which Manufacturing Technology is Used for Forging? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
- Who Are the Global Key Players in This Forging Market? What’s Their Company Profile, Their Product Information, Contact Information?
- What Was Global Market Status of Forging Market? What Was Capacity, Production Value, Cost and PROFIT of Forging Market?
- What Is Current Market Status of Forging Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Forging Market by Taking Applications and Types in Consideration?
- What Are Projections of Global Forging Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What About Import and Export?
- What Is Forging Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
- What Is Economic Impact On Forging Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
- What Are Market Dynamics of Forging Market? What Are Challenges and Opportunities?
- What Should Be Entry Strategies, Countermeasures to Economic Impact, Marketing Channels for Forging Industry?
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Major Points from Table of Contents:
Global Forging Market Research Report 2020-2026, by Manufacturers, Regions, Types and Applications
1 Study Coverage
1.1 Forging Product
1.2 Key Market Segments in This Study
1.3 Key Manufacturers Covered
1.4 Market by Type
1.4.1 Global Forging Market Size Growth Rate by Type
1.5 Market by Application
1.5.1 Global Forging Market Size Growth Rate by Application
1.6 Study Objectives
1.7 Years Considered
2 Executive Summary
2.1 Global Forging Production
2.1.1 Global Forging Revenue 2015-2026
2.1.2 Global Forging Production 2015-2026
2.1.3 Global Forging Capacity 2015-2026
2.1.4 Global Forging Marketing Pricing and Trends
2.2 Forging Growth Rate (CAGR) 2020-2026
2.3 Analysis of Competitive Landscape
2.3.1 Manufacturers Market Concentration Ratio (CR5 and HHI)
2.3.2 Key Forging Manufacturers
2.4 Market Drivers, Trends and Issues
2.5 Macroscopic Indicator
2.5.1 GDP for Major Regions
2.5.2 Price of Raw Materials in Dollars: Evolution
3 Market Size by Manufacturers
3.1 Forging Production by Manufacturers
3.1.1 Forging Production by Manufacturers
3.1.2 Forging Production Market Share by Manufacturers
3.2 Forging Revenue by Manufacturers
3.2.1 Forging Revenue by Manufacturers (2015-2020)
3.2.2 Forging Revenue Share by Manufacturers (2015-2020)
3.3 Forging Price by Manufacturers
3.4 Mergers and Acquisitions, Expansion Plans
4 Forging Production by Regions
4.1 Global Forging Production by Regions
4.1.1 Global Forging Production Market Share by Regions
4.1.2 Global Forging Revenue Market Share by Regions
4.2 United States
4.2.1 United States Forging Production
4.2.2 United States Forging Revenue
4.2.3 Key Players in United States
4.2.4 United States Forging Import and Export
4.3.1 Europe Forging Production
4.3.2 Europe Forging Revenue
4.3.3 Key Players in Europe
4.3.4 Europe Forging Import and Export
4.4.1 China Forging Production
4.4.2 China Forging Revenue
4.4.3 Key Players in China
4.4.4 China Forging Import and Export
4.5.1 Japan Forging Production
4.5.2 Japan Forging Revenue
4.5.3 Key Players in Japan
4.5.4 Japan Forging Import and Export
4.6 Other Regions
4.6.1 South Korea
4.6.3 Southeast Asia
5 Forging Consumption by Regions
5.1 Global Forging Consumption by Regions
5.1.1 Global Forging Consumption by Regions
5.1.2 Global Forging Consumption Market Share by Regions
5.2 North America
5.2.1 North America Forging Consumption by Application
5.2.2 North America Forging Consumption by Countries
5.2.3 United States
5.3.1 Europe Forging Consumption by Application
5.3.2 Europe Forging Consumption by Countries
5.4 Asia Pacific
5.4.1 Asia Pacific Forging Consumption by Application
5.4.2 Asia Pacific Forging Consumption by Countries
5.4.5 South Korea
5.5 Central and South America
5.5.1 Central and South America Forging Consumption by Application
5.5.2 Central and South America Forging Consumption by Countries
5.6 Middle East and Africa
5.6.1 Middle East and Africa Forging Consumption by Application
5.6.2 Middle East and Africa Forging Consumption by Countries
5.6.4 GCC Countries
5.6.6 South Africa
6 Market Size by Type
6.1 Global Forging Breakdown Dada by Type
6.2 Global Forging Revenue by Type
6.3 Forging Price by Type
7 Market Size by Application
7.2 Global Forging Breakdown Dada by Application
7.2.1 Global Forging Consumption by Application
7.2.2 Global Forging Consumption Market Share by Application (2015-2020)
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