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:

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

  •  Global Market Snapshot
  •  Drivers of the Global Market Impact Analysis
  •  Restraints of the Global Market Impact Analysis
  •  List of Raw Material
  •  List of Raw Material Manufactures
  •  List of Potential Buyers 
  •  COVID-19 Impact Analysis by Production, Import, Export and Demand
  •  Pre V/S Post COVID-19 Market
  •  Estimated Impact Of The Coronavirus (Covid-19) Epidemic On The Market Size In 2020, By Scenario
  •  COVID-19: Micro and Macro Factor Analysis on the Market
  •  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)
  •  Global Forging Market by Geography (USD MN)
  •  North America Forging Market Analysis by Product (USD MN)
  •  North America Forging Market Estimate by Application (USD MN)
  •  North America Forging Market Estimate by Country (USD MN)
  •  United State Forging Market Analysis by Product (USD MN)
  •  United State Forging Market Estimate by Application (USD MN)
  •  Rest of North America Forging Market Analysis by Product (USD MN)
  •  Rest of North America Forging Market Estimate by Application (USD MN)
  •  Europe Forging Market Analysis by Product (USD MN)
  •  Europe Forging Market Estimate by Application (USD MN)
  •  United Kingdom Forging Market Analysis by Product (USD MN)
  •  United Kingdom Forging Market Estimate by Application (USD MN)
  •  France Forging Market Analysis by Product (USD MN)
  •  France Forging Market Estimate by Application (USD MN)
  •  Germany Forging Market Analysis by Product (USD MN)
  •  Germany Forging Market Estimate by Application (USD MN)
  •  Rest of Europe Forging Market Analysis by Product (USD MN)
  •  Rest of Europe Forging Market Estimate by Application (USD MN)
  •  Asia Pacific Forging Market Analysis by Product (USD MN)
  •  Asia Pacific Forging Market Estimate by Application (USD MN)
  •  Asia Pacific Forging Market Estimate by Country (USD MN)
  •  China Forging Market Analysis by Product (USD MN)
  •  China Forging Market Estimate by Application (USD MN)
  •  Japan Forging Market Analysis by Product (USD MN)
  •  Japan Forging Market Estimate by Application (USD MN)
  •  India Forging Market Analysis by Product (USD MN)
  •  India Forging Market Estimate by Application (USD MN)
  •  Rest of Asia Pacific Forging Market Analysis by Product (USD MN)
  •  Rest of Asia Pacific Forging Market Estimate by Application (USD MN)
  •  Latin America Forging Market Analysis by Product (USD MN)
  •  Latin America Forging Market Estimate by Application (USD MN)
  •  Latin America Forging Market Estimate by Country (USD MN)
  •  Brazil Forging Market Analysis by Product (USD MN)
  •  Brazil Forging Market Estimate by Application (USD MN)
  •  Rest of Latin America Forging Market Analysis by Product (USD MN)
  •  Rest of Latin America Forging Market Estimate by Application (USD MN)
  •  Middle East & Africa Forging Market Analysis by Product (USD MN)
  •  Middle East & Africa Forging Market Estimate by Application (USD MN)
  •  Middle East & Africa Forging Market Estimate by Country (USD MN)
  •  Middle East Forging Market Analysis by Product (USD MN)
  •  Middle East Forging Market Estimate by Application (USD MN)
  •  Africa Forging Market Analysis by Product (USD MN)
  •  Africa Forging Market Estimate by Application (USD MN)
  •  Partnership/Collaboration/Agreement
  •  Mergers And Acquisiton
  •  New Product Launch
  •  Other Developments
  •  Company Market Share Analysis, 2019
 
 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.

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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