The global demand for Cold Forging Market is presumed to reach the valuation of nearlyUSD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period of 2022-2028.
Cold forging is a manufacturing process carried below the recrystallization point, where workpiece is inserted into a die and squeezed with a second closed die to obtain the required shape. It is performed at room temperature and commonly preferred for soft metal, like aluminium. Cost-saving, material savings, high production rates, and long die life are the advantages associated with the cold forging process.
The advantages of cold forging such as highly finished products and less inexpensive process are driving the market growth. Rapidly growing automotive and manufacturing industry is also expected to propel the market growth. In addition to this, growing manufacturing output in emerging economies across the globe is further boosting the market demand. On the other hand, high cost of heavy machinery is likely to hamper the market growth.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of cold forging.
The entire cold forging market has been sub-categorized into type and application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Custom Forging
- Captive Forging
- Catalog Forging
- General Industrial
This section covers regional segmentation which accentuates on current and future demand for cold forging market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Cold Forging Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the cold forging market include Aichi Steel, American Axle and Manufacturing Holdings, Arconic, Avic Heavy Machinery, Bharat Forge Limited, Eramet Group, KOBELCO, Nippon Steel and Sumitomo Metal, Precision Castparts Corp, Thyssenkrupp and VSMPO-AVISMA. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.