Forging Market Size, Share | Global Industry Report, 2026

Global Forging Market Report By Product (Rolled Rings, Open Die, And Impression Die), Application (Automotive, Aerospace, Oil And Gas, And Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2019-2026

ID:VMR11210072

January 2020

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Growing end-use industries such as automotive, aerospace, oil and gas and others are driving the market growth. Rising demand of high-pressure valves, bolts, connecting rods, flanges and other fitting materials in end-use industries is fueling the market growth. Robust demand of high strength materials in the application sector is further driving the market growth.

As per the latest report added by Value Market Research, the Global Forging Market was valued USD 67,125 MN (by revenue) in 2017 and is anticipated to reach USD 107,788.1 MN by 2024 with a CAGR of 7.0%.

IMPRESSION DIE EMERGED AS THE LEADING SEGMENT
In 2017, Impression die dominated the product segment by accounting for 60% of the total market share. Owing to better accuracy, performance and excellent finish it is gaining hype in the market. Also, high demand of impression die from the aerospace and automotive sector is fueling the segment growth.

AUTOMOTIVE SECTOR DOMINATED THE APPLICATION SEGMENT
Automotive sector led the application segment and gained half of the total market share in 2017. High demand of high-pressure values, axial beams, shafts and other components within automotive sector is driving the segment growth. Also, use of forged components to impart better strength and reliability in an automotive application is further fueling the product demand.

ASIA PACIFIC LED THE REGIONAL MARKET
Geographically, Asia Pacific dominated the market by accounting for X.X% of the total market share. Owing to rising construction projects coupled with the booming automotive sector is majorly driving the regional market growth. Moreover, rapid urbanization and industrialization in emerging economies such as China and India are further driving the market growth.

KEY PLAYERS OF THE MARKET
Major vendors of forging market include Alcoa, American Axle & Manufacturing Holdings, ATI Ladish Forging, Ellwood Group, FRISA, General Dynamics Ordnance & Tactical Systems, HHI Forging, Precision Castparts, Scot Forge, Sumitomo, Sypris Solutions, ThyssenKrupp and Bharat Forge Limited.

As per this study the Global Forging Market was valued USD XX,XXX MN (by revenue) in 2019 and is anticipated to reach USD XXX,XXX. MN by 2026 with a CAGR of X.X%.

Forging is a process of shaping material by applying compressive forces by forging machines or by using power hammers. This process can be carried out on substance in both cold and hot state. Bolts, connecting rods, turbine shafts, crane hooks, hand tools, gears, and other components used in machine manufacturing are some of the forged parts. They hold excellent property like toughness, strength, stress, and reliability. Forging activities find diverse application in many industries some of them are automotive, aerospace, mining and oil & gas industries.

Market Dynamics

Automotive is the largest consumption of forged components for the production of valve bodies, fitting, high-pressure valve, and flanges. Hence the growth of the forging market directly depends on the growth of the automotive sector. Also, forging find extensive application across aerospace and oil & gas industry which is also expected to boost the market growth. On the flip side, the availability of alternate metal forming technique is likely to hamper the market.

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 forging.

Market Segmentation

The broad 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.

By Product

Rolled Rings
Open Die
Impression Die

By Application

Automotive Industry
Aerospace Industry
Oil and Gas Industry
Others

Regional Analysis

Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for 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.

Europe Forging Market By Revenue (USD MN)

The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the forging market includes Alcoa, American Axle & Manufacturing Holdings, ATI Ladish Forging, Ellwood Group, FRISA, General Dynamics Ordnance & Tactical Systems, HHI Forging, Precision Castparts, Scot Forge, Sumitomo, Sypris Solutions, and ThyssenKrupp and Bharat Forge Limited. 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.

METHODOLOGY:

A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.

1 . PREFACE
       1.1. Report Description
           1.1.1. Objective
           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 Forging Market
       2.2. Global Forging Market Snapshot

3 . FORGING – INDUSTRY ANALYSIS
       3.1. Introduction
       3.2. Market Drivers of Forging Market
       3.3. Market Restraints of Forging Market
       3.4. Opportunities of Forging Market
       3.5. Trends of Forging Market
       3.6. Porter’s Five Force Analysis of Forging Market
       3.7. Forging Market Attractiveness Analysis
           3.7.1 Market Attractive Analysis by Product
           3.7.2 Market Attractive Analysis by Application
           3.7.3 Market Attractive Analysis by Region

4 . VALUE CHAIN ANALYSIS
       4.1. Forging Value Chain Analysis
       4.2. Forging Raw Material Analysis
           4.2.1. List of Raw Materials
           4.2.2. Forging Raw Material Manufactures List
           4.2.3. Price Trend of Forging 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 FORGING MARKET ANALYSIS BY PRODUCT
       5.1 Overview by Product
       5.2 Global Forging Market Analysis by Product
       5.3 Market Analysis of Rolled Rings by Regions
       5.4 Market Analysis of Open Die by Regions
       5.5 Market Analysis of Impression Die by Regions

6 . GLOBAL FORGING MARKET ANALYSIS BY APPLICATION
       6.1 Overview by Application
       6.2 Global Forging Market Analysis by Application
      6.3 Market Analysis of Automotive Industry by Regions
       6.4 Market Analysis of Aerospace Industry by Regions
       6.5 Market Analysis of Oil and Gas Industry by Regions
       6.6 Market Analysis of Others by Regions

7 . GLOBAL FORGING MARKET ANALYSIS BY GEOGRAPHY
       7.1. Regional Outlook
       7.2. Introduction
       7.3. North America
           7.3.1. Overview
           7.3.2. North America Forging Market Estimate by Market Segment
           7.3.3. North America Forging Market Estimate by Country
           7.3.4. United State
           7.3.5. Rest of North America
       7.4. Europe
           7.4.1. Overview
           7.4.2. Europe Forging Market Estimate by Market Segment
           7.4.3. Europe Forging Market Estimate by Country
           7.4.4. United Kingdom
           7.4.5. France
           7.4.6. Germany
           7.4.7 Rest of Europe
       7.5. Asia Pacific
           7.5.1. Overview
           7.5.2. Asia Pacific Forging Market Estimate by Market Segment
           7.5.3. Asia Pacific Forging Market Estimate by Country
           7.5.4. China
           7.5.5. Japan
           7.5.6. India
           7.5.7. Rest of Asia Pacific
       7.6. Latin America
           7.6.1. Overview
           7.6.2. Latin America Forging Market Estimate by Market Segment
           7.6.3. Latin America Forging Market Estimate by Country
           7.6.4. Brazil
           7.6.5. Rest of Latin America
       7.7. Middle East & Africa
           7.7.1. Overview
           7.7.2. Middle East & Africa Forging Market Estimate by Market Segment
           7.7.3. Middle East & Africa Forging Market Estimate by Country
           7.7.4. Middle East
           7.7.5. Africa

8 . COMPETITIVE LANDSCAPE OF THE FORGING COMPANIES
       8.1. Forging Market Competition
       8.2. Partnership/Collaboration/Agreement
       8.3. Merger And Acquisitions
       8.4. New Product Launch
       8.5. Other Developments

9 . COMPANY PROFILES OF FORGING INDUSTRY
       9.1. Company Share Analysis
       9.2. Market Concentration Rate
       9.3. Alcoa
           9.3.1. Company Overview
           9.3.2. Financials
           9.3.3. Products
           9.3.4. Recent Developments
       9.4. American Axle & Manufacturing Holdings
           9.4.1. Company Overview
           9.4.2. Financials
           9.4.3. Products
           9.4.4. Recent Developments
       9.5. ATI Ladish Forging
           9.5.1. Company Overview
           9.5.2. Financials
           9.5.3. Products
           9.5.4. Recent Developments
       9.6. Ellwood Group
           9.6.1. Company Overview
           9.6.2. Financials
           9.6.3. Products
           9.6.4. Recent Developments
       9.7. FRISA
           9.7.1. Company Overview
           9.7.2. Financials
           9.7.3. Products
           9.7.4. Recent Developments
       9.8. General Dynamics Ordnance & Tactical Systems
           9.8.1. Company Overview
           9.8.2. Financials
           9.8.3. Products
           9.8.4. Recent Developments
       9.9. HHI Forging
           9.9.1. Company Overview
           9.9.2. Financials
           9.9.3. Products
           9.9.4. Recent Developments
       9.10. Precision Castparts
           9.10.1. Company Overview
           9.10.2. Financials
           9.10.3. Products
           9.10.4. Recent Developments
       9.11. Scot Forge
           9.11.1. Company Overview
           9.11.2. Financials
           9.11.3. Products
           9.11.4. Recent Developments
       9.12. Sumitomo
           9.12.1. Company Overview
           9.12.2. Financials
           9.12.3. Products
           9.12.4. Recent Developments
       9.13. Sypris Solutions
           9.13.1. Company Overview
           9.13.2. Financials
           9.13.3. Products
           9.13.4. Recent Developments
       9.14. ThyssenKrupp
           9.14.1. Company Overview
           9.14.2. Financials
           9.14.3. Products
           9.14.4. Recent Developments
      9.15. Bharat Forge Limited.
           9.15.1. Company Overview
           9.15.2. Financials
           9.15.3. Products
           9.15.4. Recent Developments

10. IMPACT ANALYSIS OF COVID-19 OUTBREAK
10.1. Impact Analysis of Covid-19 Outbreak on the Market
10.1.1. Direct Impact on Production
10.1.2. Supply Chain and Market Disruption
10.1.3. Financial Impact on Firms and Financial Markets
10.2. COVID-19 Impact Analysis by Production, Import, Export and Demand
10.3. Pre V/S Post COVID-19 Market
10.4. Estimated Impact of the Coronavirus (COVID-19) Epidemic on the Market Size in 2020, by Scenario
10.5. COVID-19: Micro and Macro Factor Analysis on the Market

*Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies

LIST OF TABLES

LIST OF FIGURES

Research Scope of Forging Report
Market Research Process
Market Research Methodology
Global Forging Market Size, by Region (USD MN)
Porters Five Forces Analysis
Market Attractiveness Analysis by Product
Market Attractiveness Analysis by Application
Market Attractiveness Analysis by Region
Value Chain Analysis
Global Forging Market Analysis by Product (USD MN)
Global Forging Market Analysis in Rolled Rings by Geography (USD MN)
Global Forging Market Analysis in Open Die by Geography (USD MN)
Global Forging Market Analysis in Impression Die by Geography (USD MN)
Global Forging Market Analysis by Application (USD MN)
Global Forging Market Analysis in Automotive Industry by Geography (USD MN)
Global Forging Market Analysis in Aerospace Industry by Geography (USD MN)
Global Forging Market Analysis in Oil and Gas Industry by Geography (USD MN)
Global Forging Market Analysis in Others by Geography (USD MN)
Latin America Forging Market by Revenue
Middle East & Africa Forging Market by Revenue
Recent Development in Forging Industry
Company Market Share Analysis, 2019

* Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.

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Objectives of Study

Define and measure the global market
Volume or revenue forecast of the global market and its various sub-segments with respect to main geographies
Analyze and identify major market trends along with the factors driving or inhibiting the market growth
Study the company profiles of the major market players with their market share
Analyze competitive developments

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Global Forging Market Report By Product (Rolled Rings, Open Die, And Impression Die), Application (Automotive, Aerospace, Oil And Gas, And Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2019-2026

ID:VMR11210072

January 2020

Report Formats:

Choose your Buying Option

Choose your Buying Option

Objectives of Study

Buy Chapters or Sections

Why Choose Us

Client First Policy

Excellent Quality

Robust After Sales Support

24/7 Email Support

Clients

Testimonials

Vincenzo Baydar – Head Planning, Leading Food Chain, US

Mia Tang, Director - Business Strategy, Steel Industry, Germany

Jo Chin, Owner of a Manufacturing Plant in Taiwan

Key questions answered by the report

Need specific market information?

Global Forging Market Report By Product (Rolled Rings, Open Die, And Impression Die), Application (Automotive, Aerospace, Oil And Gas, And Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2019-2026

ID:VMR11210072

January 2020

Report Formats:

Choose your Buying Option

Choose your Buying Option

Objectives of Study

Buy Chapters or Sections

Why Choose Us

Client First Policy

Excellent Quality

Robust After Sales Support

24/7 Email Support

Clients

Testimonials

Vincenzo Baydar – Head Planning, Leading Food Chain, US

Mia Tang, Director - Business Strategy, Steel Industry, Germany

Jo Chin, Owner of a Manufacturing Plant in Taiwan

Key questions answered by the report

Need specific market information?

Important: Covid19 pandemic market impact