Press release
Forging Market Report 2017, Trends, Analysis, Share, Estimates and Forecasts to 2022.
According to Stratistics MRC, the Global Forging Market is accounted for $67886.39 million in 2017 and is expected to reach $110575.16 billion by 2026 growing at a CAGR of 6.3% during the forecast period. Growing demand for ferrous metals, strong demand for high-strength metal components and cost effective method of metal forming are some key factors propelling the market growth. However, factors such as increasing usage of casting or stamping process, rising demand for plastics as a substitute and environmental rules & regulations are hampering the market growth. Moreover, use of renewable source of energy for forging provides huge growth opportunities for the market.For More, Please Visit: http://www.strategymrc.com/report/forging-market
Forging refers to a process of shaping the material by applying compressive force manually by forging machines or with the use of power hammers. These forged parts include bolts, connecting rods, turbine shafts, crane hooks, hand tools, gears, and other components used in machine manufacturing. Forging process can be carried out on materials in either cold or hot state.
Amongst end user, automotive segment commanded considerable market share during the predicted period. Low fuel rates and interest rates are the factors growth of automotive industry of the forging market. By geography, Asia Pacific region is expected to register the maximum market share during the estimated period. Due to development in infrastructure, improvement in automotive and construction industries in the developing economies and recognition of the emerging country such as India as the manufacturing hub is propelling the growth of forging market in this region.
Some of the keys players of global forging market includes Alcoa, Precision Castparts, Sumitomo, Scot Forge, American Axle & Manufacturing Holdings, Bharat Forge Limited, FRISA, ThyssenKrupp, ATI Ladish Forging, Ellwood Group, HHI Forging, Sypris Solutions, General Dynamics Ordnance & Tactical Systems, Crow Precision Components, Aichi Steel, Amtek, Brück, Nippon Steel & Sumitomo Metal, Alicon Castalloy, Asahi Forge and Ajax Tocco Magnethermic.
Types Covered:
• Rotary Forging
• Closed Die Forging
• Upset Forging
• Open Die Forging
• Precision Die Forging
• Seamless Forging
• Roll Forging
• Other Types
Products Covered:
• Impression Die
• Open Die
• Aluminum Precision
• Rolled Rings
Applications Covered:
• Oil and Gas Industry
• Aerospace Industry
• Automotive Industry
• Power Generation
• Wind
• Construction
• Mining
• Ordnance
• Agriculture
• Other Applications
Raw materials Covered:
• Zirconium
• Magnesium
• Beryllium
• Bronze
• Copper
• Aluminum
• Titanium
• Stainless Steel
• Brass
• Other Raw Materials
Regions Covered:
North America
US
Canada
Mexico
Europe
Germany
UK
Italy
France
Spain
Rest of Europe
Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
South America
Argentina
Brazil
Chile
Rest of South America
Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, 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
For More, Please Visit: http://www.strategymrc.com/report/forging-market
We offer wide spectrum of research and consulting services with in-depth knowledge of different industries. We are known for customized research services, consulting services and Full Time Equivalent (FTE) services in the research world. We explore the market trends and draw our insights with valid assessments and analytical views. We use advanced techniques and tools among the quantitative and qualitative methodologies to identify the market trends. Our research reports and publications are routed to help our clients to design their business models and enhance their business growth in the competitive market scenario. We have a strong team with hand-picked consultants including project managers, implementers, industry experts, researchers, research evaluators and analysts with years of experience in delivering the complex projects.
STRATISTICS MRC
17049 King James Way, Gaithersburg,
MD, 20877, USA
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