Forging Market 2018- Recent Study Including Growth Factors, Applications, Regional Analysis, Key Players and Forecast till 2025

Global Forging market report is a window to the industry which explains what market definition, classifications, applications, engagements and market trends are. The Forging Industry report provides an in-depth overview of Product Specification, technology, product type and production analysis considering major factors such as Revenue, Cost, Gross and Gross Margin. The global Forging market report also contains the drivers and restrains for the market that are derived from SWOT analysis, and also shows what all the recent developments, product launches, joint ventures, merges and accusations by the several key players and brands that are driving the market are by systemic company profiles.

Global Forging Market valued approximately USD 67.88 billion in 2017 is anticipated to grow with a healthy growth rate of more than 6.32% over the forecast period 2018-2025. The major driving factor of global forging market are growing automotive industry, rising investment in the renewable energy, high strength metal components and cost effective method of metal forming. The major restraining factor of global forging market are increasing usage of casting or stamping process, rising demand for plastics as substitute and environmental rules & regulation and availability of light materials for automotive manufacturing. 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. Forgings can target a lower total cost compared to casting or fabrication. Hot forging prevents the work hardening that would result from cold forging which would increase the difficulty of performing secondary machining operations on the piece. When metal is shaped during the forging process, its internal grain texture deforms to follow the general shape of the part.

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Global Forging Market to reach USD 110.84 billion by 2025.

The regional analysis of Global Forging Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia-Pacific has accounted the leading share with 55% in 2017 of total generating revenue across the globe due to rapid rise of construction and automotive industries in the region and continuously growing over the coming years. Europe is also contributing major share in the global market of Forging. North American region is also anticipated to exhibit higher growth rate / CAGR over the forecast period 2018-2025 due to large number of global players in the region.

The regional analysis of Global Forging Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share. Whereas, owing to the countries such as China, Japan, and India, Asia Pacific region is anticipated to exhibit higher growth rate / CAGR over the forecast period 2018-2025.

The major market player included in this report are: Aichi Forge, Alcoa, ati, Bharat Forge Ltd, thyssenkrupp, Ellwood City Forge Group, Precision Castparts, Frisa Forjados, Scot Forge, Sypris Electronics, LLC.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product:

• Rolled Rings
• Open Die
• Impression Die

By Application:

• Automotive Industry
• Aerospace Industry
• Oil & Gas industry
• Other

By Regions:

• North America
• Europe
• Asia Pacific
• Latin America
• Rest of the World

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Focusing points in the report

• Key trends in the market place
• Major players and brands
• Drivers and restrains of the market
• Strategies of key players and product offerings
• In-depth market segmentation

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Posted by Data Bridge Market Research on Wednesday December 05 2018, 12:55 AM EST. All trademarks acknowledged. Filed under Uncategorized. Comments and Trackbacks closed. Follow responses: RSS 2.0