Global Aluminum Forging Market Report By Type (Open Die Forging, Closed Die Forging And Ring Rolled Forging), By Application (Aerospace, Defense, Transformation/Automotive And Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2022-2030
As per this study the Global Aluminum Forging Market was valued USD 15.65 BN (by revenue) in 2022 and is anticipated to reach USD 26.74 BN by 2030 with a CAGR of 6.67%.
Aluminum Forging is the process of shaping the aluminum by pressing, squeezing, and pounding the metal under high pressure to increase the strength of the metal. Forged aluminum is ideal for high-stress application such as internal combustion, undercarriage gear and power units where tough but lightweight material is used to increase efficiency.
Rising demand for durable, lightweight materials with high strength in aircraft and automotive vehicle is driving the market growth. The growing popularity of forged aluminum owing to lightweight material has successfully replaced steel in an industrial application is also fueling the market growth. Use of forging to obtain aluminum at cheaper rate has widened its application areas.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter's five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of aluminum forging.
The broad aluminum forging market has been sub-grouped into product and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
Open Die Forging
Closed Die Forging
Ring Rolled Forging
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for aluminum forging in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Aluminum Forging Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the aluminum forging market include Bharat Forge, Mattco Forge, Philadelphia Forgings, Queen City Forging Company, Bunty LLC, Anderson Shumaker, Brawo USA, Aluminum Precision Products, American Handforge, Others. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
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1 . PREFACE
1.1. Report Description
1.1.2. Target Audience
1.1.3. Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Market Research Process
1.3.2. Market Research Methodology
2 . EXECUTIVE SUMMARY
2.1. Highlights of Market
2.2. Global Market Snapshot
3 . ALUMINUM FORGING – INDUSTRY ANALYSIS
3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.5. Industry Trends
3.6. Porter’s Five Force Analysis
3.7. Market Attractiveness Analysis
3.7.1 Market Attractiveness Analysis By Product
3.7.2 Market Attractiveness Analysis By Application
3.7.3 Market Attractiveness Analysis By Region
4 . VALUE CHAIN ANALYSIS
4.1. Value Chain Analysis
4.2. Raw Material Analysis
4.2.1. List of Raw Materials
4.2.2. Raw Material Manufactures List
4.2.3. Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
4.4.1. Direct Marketing
4.4.2. Indirect Marketing
4.4.3. Marketing Channel Development Trend
5 . GLOBAL ALUMINUM FORGING MARKET ANALYSIS BY PRODUCT
5.1 Overview by Product
5.2 Historical and Forecast Data
5.3 Analysis by Product
5.4 Open Die Forging Historic and Forecast Sales by Regions
5.5 Closed Die Forging Historic and Forecast Sales by Regions
5.6 Ring Rolled Forging Historic and Forecast Sales by Regions
6 . GLOBAL ALUMINUM FORGING MARKET ANALYSIS BY APPLICATION
6.1 Overview by Application
6.2 Historical and Forecast Data
6.3 Analysis by Application
6.4 Aerospace Historic and Forecast Sales by Regions
6.5 Defense Historic and Forecast Sales by Regions
6.6 Transformation/Automotive Historic and Forecast Sales by Regions
Frequently Asked Questions (FAQs) about this Report
For the year 2022, the Global Market size for Aluminum Forging Market was valued at USD 15.65 Million.
The Global Aluminum Forging Market growth is estimated to be close to 6.67% between 2023 and 2030.
In the Global Aluminum Forging Market, Asia Pacific holds the largest market share.
The global Aluminum Forging market is segmented by Product (Open Die Forging, Closed Die Forging, Ring Rolled Forging) by Application (Aerospace, Defense, Transformation/Automotive, Other).
The leading players in the Global Aluminum Forging Market are Bharat Forge, Mattco Forge, Philadelphia Forgings, Queen City Forging Company, Bunty LLC, Anderson Shumaker, Brawo USA, Aluminum Precision Products, American Handforge, Others