Press release
Forging and Casting Components Market is projected to grow at a CAGR of 8.64% within the forecast period of 2023-2030: Cognitive Market Research
Forging and Casting Components Market is projected to grow at a CAGR of 8.64% within 2023-2030: Cognitive Market Research
- Forging and casting are both different methods extensively used for forming complex shaped metal components by transforming metal materials. Forging has a commonly superior strength and are typically tougher than metal processed in castings. There are also different types of hot forging, including open die forging, closed die forging and roll forging. Open die forging, also known as free forging, is the hot forging method that shaping metals under the workforce of simple molds. Open die forging is particularly used to manufacture large metal parts in simple shapes such as shafts. Cold forging is another type of forging process that deforms the billets to required shapes directly under room temperature.
Summary:
- As per Cognitive Market Research, Global Forging and Casting Components market size was $58,489.95 Million in 2022 and it is forecasted to reach $96,081.00 Million by 2028. Forging and Casting Components Industry's Compound Annual Growth Rate will be 8.64% from 2023 to 2030.
To know more about The Forging and Casting Components Market Insights click here: https://www.cognitivemarketresearch.com/forging-and-casting-components-market-report
Forging and Casting Components Market Dynamics:
• Automotive Metal Casting Market: Trends & Demands
Metal casting and forging is often used for making complex automotive structures and shapes that would be non-feasible to manufacture by other methods. Globalization, digitalization, and increasing competition for are changing the face of the metal casting and forging industry. Automotive industry depends significantly on steel forged automotive components owning to increasing vehicle production.
Restraints for Forging and Casting Components Market
• High Cost of Raw Materials.
Opportunities for Forging and Casting Components Market
• Integration of IoT With Forging Technology.
Forging and Casting Components Market Segmentation:
Component:
• Forging Components
• Casting Components
Material:
• Copper
• Brass
• Aluminum
• Iron
• Others
End-User:
• Automotive
• Aerospace
• Power Generation
• General Industrial
• Others
Competitive Analysis for Forging and Casting Components Market: Precision Castparts Corp, Arconic, Doncasters Group, Nippon Steel & Sumitomo Metal, KOBELCO, Thyssenkrupp, Aichi Steel, Eramet Group, American Axle & Manufacturing Holdings, Bharat Forge Limited, Avic Heavy Machinery, VSMPO AVISMA, Allegheny Technologies, WanXiang, FAW, VDM Metals, Mahindra Forgings Europe, JSW, Others
Get free sample pages of the latest published Forging and Casting Components Market Report: https://www.cognitivemarketresearch.com/forging-and-casting-components-market-report#request_sample
Regional Analysis:
- Based on region, Asia Pacific is dominating the forging and casting components market in terms of revenue market share throughout the forecast period. This is due to the presence of several key players and the end-use industries of the forging and casting components in this region. The Asia Pacific region, including countries such as China, India, Japan, and South Korea, has witnessed rapid industrialization in various sectors such as automotive, aerospace, construction, and manufacturing.
Company Profile
Doncasters Group
Doncasters is a leading international manufacturer of specialist superalloys and high-precision alloy components made for the most demanding conditions. The business serves the world's leading OEMs in the aerospace, industrial gas turbine, and specialist automotive markets.
News
• Doncasters invests further in aviation future
Doncasters Precision Castings of Groton and Doncasters Precision Castings - Deritend has received $12.9 million in investment as the commercial aviation industry recovers. In addition to their present manufacturing facility will be built to contain three robot shell coating cells and two final drying systems as part of Doncasters Precision Castings of Groton's considerable investment. The line will start producing in 2023 and ramp up to its maximum operating capacity in 2025.
Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Forging and Casting Components Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Forging and Casting Components Market Segmentation
1.5.1 Forging and Casting Components Market Regional Fragmentation
1.5.1 Forging and Casting Components Market Players
• 1.6 Report Duration
• 1.7 List of Stakeholders
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Forging and Casting Components Market
Chapter 4 Global Forging and Casting Components Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Forging and Casting Components Market by Component Segmentation Analysis (2018-2030)
Chapter 10 Global Forging and Casting Components Market by Material Segmentation Analysis (2018-2030)
Chapter 11 Global Forging and Casting Components Market by End-User Segmentation Analysis (2018-2030)
Chapter 12 Global Forging and Casting Components Market Regional Analysis
Chapter 13 North America Forging and Casting Components Market Outlook (2018 - 2030)
Chapter 14 Europe Forging and Casting Components Market Outlook (2018 - 2030)
Chapter 15 Asia Pacific Forging and Casting Components Market Outlook (2018 - 2030)
Chapter 16 Latin America Forging and Casting Components Market Outlook (2018 - 2030)
Chapter 17 Middle East and Africa Forging and Casting Components Market Outlook (2018 - 2030)
Chapter 18 Research Findings
Customize the Report Edition (Is applicable, On Request, Subject to Data Available, At an Additional Cost)
To know more about Forging and Casting Components Market TOC click here: https://www.cognitivemarketresearch.com/forging-and-casting-components-market-report#table_of_contents
Related report:
• Forging Brass Market - https://www.cognitivemarketresearch.com/forging-brass-market-report
• Aluminum Forging Market - https://www.cognitivemarketresearch.com/aluminum-forging-market-report
• Casting and Forging Market - https://www.cognitivemarketresearch.com/casting-and-forging-market-report
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𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
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Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operating across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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