Report Detail
Global Forging Market Growth 2019-2024
- RnM2906382 |
- 08 February, 2019 |
- Global |
- 166 Pages |
- LPI(LP Information) |
- Other
Forging is a manufacturing process involving the shaping of metal using localized compressive forces. The blows are delivered with a hammer (often a power hammer) or a die. Forging is often classified according to the temperature at which it is performed: cold forging (a type of cold working), warm forging, or hot forging (a type of hot working). For the latter two, the metal is heated, usually in a forge. Forged parts can range in weight from less than a kilogram to hundreds of metric tons. Forging has been done by smiths for millennia; the traditional products were kitchenware, hardware, hand tools, edged weapons, cymbals, and jewellery. Since the Industrial Revolution, forged parts are widely used in mechanisms and machines wherever a component requires high strength; such forgings usually require further processing (such as machining) to achieve a finished part. Today, forging is a major worldwide industry.
The global average price of automotive forging products is in the decreasing trend, from 2271 USD/MT in 2013 to 2164 USD/MT in 2017. With the situation of raw material, prices will be in increasing trend in the following five years. In terms of raw material, the segments of the global automotive forging market include aluminum, copper/brass/bronze, low-carbon & low-alloy steels, special alloy steel, stainless steel.
The segments of the global automotive forging market on the basis of type are closed die, open die, and rolled rings. Amongst them, the segment of closed die dominates in terms of revenue and the trend is expected to continue over the forecast period. This is due to the par excellence performance and finish of products that are obtained using this process.
The key application segments of the global automotive forging market covered in this report are powertrain components, chassis components, transmission parts and other part. Amongst all, powertrain components are the leading application segment of the market. The leading share of the powertrain components segment is ascribed to the expansion of the automobile industry to cater to the high demand for automobiles. The powertrain components segment held almost 48.21% of the global automotive forging market in terms of volume in 2017.
Geography-wise, the global automotive forging market is segmented into North America, Europe, Asia Pacific (China, India, Japan, etc.). In the years ahead, Asia Pacific is expected to display the leading growth amongst other key regions. The growth of the region is mainly driven by the development of automotive industries. Emerging economies of the region are major consumers of forged metal for the rising urbanization and industrialization in these regions.
The capital-intensive nature of the global automotive forging market accounts for the clear dominance of well-entrenched players that operate in international markets. This poses challenge for small players that compete with large players with respect to quality, features, functionalities, and services. The use of newer technologies by large players to add qualitative value to existing products will further add to the woes of small players.
According to this study, over the next five years the Forging market will register a 5.4% CAGR in terms of revenue, the global market size will reach US$ 52000 million by 2024, from US$ 38000 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Forging business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Forging market by product type, application, key manufacturers and key regions and countries.
This study considers the Forging value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Closed Die Forgings
Open Die Forgings
Rolled Rings Forgings
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Powertrain Components
Chassis Components
Transmission Parts
Other Parts
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Nippon Steel & Sumitomo Metal
Aichi Steel
Thyssenkrupp
AAM
Bharat Forge Limited
KOBELCO
WanXiang
FAW
Arconic
Mahindra Forgings Europe
Farinia Group
Longcheng Forging
Sinotruck
Dongfeng Forging
Jiangsu Pacific Precision Forging
Sypris Solutions
Ashok Leyland Limited
Allegheny Technologies
VDM Metals
CITIC Heavy Industries
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Forging consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Forging market by identifying its various subsegments.
Focuses on the key global Forging manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Forging with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Forging submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Table of Contents
2019-2024 Global Forging Consumption Market Report
1 Scope of the Report
- 1.1 Market Introduction
- 1.2 Research Objectives
- 1.3 Years Considered
- 1.4 Market Research Methodology
- 1.5 Economic Indicators
- 1.6 Currency Considered
2 Executive Summary
- 2.1 World Market Overview
- 2.1.1 Global Forging Consumption 2014-2024
- 2.1.2 Forging Consumption CAGR by Region
- 2.2 Forging Segment by Type
- 2.2.1 Closed Die Forgings
- 2.2.2 Open Die Forgings
- 2.2.3 Rolled Rings Forgings
- 2.3 Forging Consumption by Type
- 2.3.1 Global Forging Consumption Market Share by Type (2014-2019)
- 2.3.2 Global Forging Revenue and Market Share by Type (2014-2019)
- 2.3.3 Global Forging Sale Price by Type (2014-2019)
- 2.4 Forging Segment by Application
- 2.4.1 Powertrain Components
- 2.4.2 Chassis Components
- 2.4.3 Transmission Parts
- 2.4.4 Other Parts
- 2.5 Forging Consumption by Application
- 2.5.1 Global Forging Consumption Market Share by Application (2014-2019)
- 2.5.2 Global Forging Value and Market Share by Application (2014-2019)
- 2.5.3 Global Forging Sale Price by Application (2014-2019)
3 Global Forging by Players
- 3.1 Global Forging Sales Market Share by Players
- 3.1.1 Global Forging Sales by Players (2017-2019)
- 3.1.2 Global Forging Sales Market Share by Players (2017-2019)
- 3.2 Global Forging Revenue Market Share by Players
- 3.2.1 Global Forging Revenue by Players (2017-2019)
- 3.2.2 Global Forging Revenue Market Share by Players (2017-2019)
- 3.3 Global Forging Sale Price by Players
- 3.4 Global Forging Manufacturing Base Distribution, Sales Area, Product Types by Players
- 3.4.1 Global Forging Manufacturing Base Distribution and Sales Area by Players
- 3.4.2 Players Forging Products Offered
- 3.5 Market Concentration Rate Analysis
- 3.5.1 Competition Landscape Analysis
- 3.5.2 Concentration Ratio (CR3, CR5 and CR10) (2017-2019)
- 3.6 New Products and Potential Entrants
- 3.7 Mergers & Acquisitions, Expansion
4 Forging by Regions
- 4.1 Forging by Regions
- 4.1.1 Global Forging Consumption by Regions
- 4.1.2 Global Forging Value by Regions
- 4.2 Americas Forging Consumption Growth
- 4.3 APAC Forging Consumption Growth
- 4.4 Europe Forging Consumption Growth
- 4.5 Middle East & Africa Forging Consumption Growth
5 Americas
- 5.1 Americas Forging Consumption by Countries
- 5.1.1 Americas Forging Consumption by Countries (2014-2019)
- 5.1.2 Americas Forging Value by Countries (2014-2019)
- 5.2 Americas Forging Consumption by Type
- 5.3 Americas Forging Consumption by Application
- 5.4 United States
- 5.5 Canada
- 5.6 Mexico
- 5.7 Key Economic Indicators of Few Americas Countries
6 APAC
- 6.1 APAC Forging Consumption by Countries
- 6.1.1 APAC Forging Consumption by Countries (2014-2019)
- 6.1.2 APAC Forging Value by Countries (2014-2019)
- 6.2 APAC Forging Consumption by Type
- 6.3 APAC Forging Consumption by Application
- 6.4 China
- 6.5 Japan
- 6.6 Korea
- 6.7 Southeast Asia
- 6.8 India
- 6.9 Australia
- 6.10 Key Economic Indicators of Few APAC Countries
7 Europe
- 7.1 Europe Forging by Countries
- 7.1.1 Europe Forging Consumption by Countries (2014-2019)
- 7.1.2 Europe Forging Value by Countries (2014-2019)
- 7.2 Europe Forging Consumption by Type
- 7.3 Europe Forging Consumption by Application
- 7.4 Germany
- 7.5 France
- 7.6 UK
- 7.7 Italy
- 7.8 Russia
- 7.9 Spain
- 7.10 Key Economic Indicators of Few Europe Countries
8 Middle East & Africa
- 8.1 Middle East & Africa Forging by Countries
- 8.1.1 Middle East & Africa Forging Consumption by Countries (2014-2019)
- 8.1.2 Middle East & Africa Forging Value by Countries (2014-2019)
- 8.2 Middle East & Africa Forging Consumption by Type
- 8.3 Middle East & Africa Forging Consumption by Application
- 8.4 Egypt
- 8.5 South Africa
- 8.6 Israel
- 8.7 Turkey
- 8.8 GCC Countries
9 Market Drivers, Challenges and Trends
- 9.1 Market Drivers and Impact
- 9.1.1 Growing Demand from Key Regions
- 9.1.2 Growing Demand from Key Applications and Potential Industries
- 9.2 Market Challenges and Impact
- 9.3 Market Trends
10 Marketing, Distributors and Customer
- 10.1 Sales Channel
- 10.1.1 Direct Channels
- 10.1.2 Indirect Channels
- 10.2 Forging Distributors
- 10.3 Forging Customer
11 Global Forging Market Forecast
- 11.1 Global Forging Consumption Forecast (2019-2024)
- 11.2 Global Forging Forecast by Regions
- 11.2.1 Global Forging Forecast by Regions (2019-2024)
- 11.2.2 Global Forging Value Forecast by Regions (2019-2024)
- 11.2.3 Americas Consumption Forecast
- 11.2.4 APAC Consumption Forecast
- 11.2.5 Europe Consumption Forecast
- 11.2.6 Middle East & Africa Consumption Forecast
- 11.3 Americas Forecast by Countries
- 11.3.1 United States Market Forecast
- 11.3.2 Canada Market Forecast
- 11.3.3 Mexico Market Forecast
- 11.3.4 Brazil Market Forecast
- 11.4 APAC Forecast by Countries
- 11.4.1 China Market Forecast
- 11.4.2 Japan Market Forecast
- 11.4.3 Korea Market Forecast
- 11.4.4 Southeast Asia Market Forecast
- 11.4.5 India Market Forecast
- 11.4.6 Australia Market Forecast
- 11.5 Europe Forecast by Countries
- 11.5.1 Germany Market Forecast
- 11.5.2 France Market Forecast
- 11.5.3 UK Market Forecast
- 11.5.4 Italy Market Forecast
- 11.5.5 Russia Market Forecast
- 11.5.6 Spain Market Forecast
- 11.6 Middle East & Africa Forecast by Countries
- 11.6.1 Egypt Market Forecast
- 11.6.2 South Africa Market Forecast
- 11.6.3 Israel Market Forecast
- 11.6.4 Turkey Market Forecast
- 11.6.5 GCC Countries Market Forecast
- 11.7 Global Forging Forecast by Type
- 11.8 Global Forging Forecast by Application
12 Key Players Analysis
- 12.1 Nippon Steel & Sumitomo Metal
- 12.1.1 Company Details
- 12.1.2 Forging Product Offered
- 12.1.3 Nippon Steel & Sumitomo Metal Forging Sales, Revenue, Price and Gross Margin (2017-2019)
- 12.1.4 Main Business Overview
- 12.1.5 Nippon Steel & Sumitomo Metal News
- 12.2 Aichi Steel
- 12.2.1 Company Details
- 12.2.2 Forging Product Offered
- 12.2.3 Aichi Steel Forging Sales, Revenue, Price and Gross Margin (2017-2019)
- 12.2.4 Main Business Overview
- 12.2.5 Aichi Steel News
- 12.3 Thyssenkrupp
- 12.3.1 Company Details
- 12.3.2 Forging Product Offered
- 12.3.3 Thyssenkrupp Forging Sales, Revenue, Price and Gross Margin (2017-2019)
- 12.3.4 Main Business Overview
- 12.3.5 Thyssenkrupp News
- 12.4 AAM
- 12.4.1 Company Details
- 12.4.2 Forging Product Offered
- 12.4.3 AAM Forging Sales, Revenue, Price and Gross Margin (2017-2019)
- 12.4.4 Main Business Overview
- 12.4.5 AAM News
- 12.5 Bharat Forge Limited
- 12.5.1 Company Details
- 12.5.2 Forging Product Offered
- 12.5.3 Bharat Forge Limited Forging Sales, Revenue, Price and Gross Margin (2017-2019)
- 12.5.4 Main Business Overview
- 12.5.5 Bharat Forge Limited News
- 12.6 KOBELCO
- 12.6.1 Company Details
- 12.6.2 Forging Product Offered
- 12.6.3 KOBELCO Forging Sales, Revenue, Price and Gross Margin (2017-2019)
- 12.6.4 Main Business Overview
- 12.6.5 KOBELCO News
- 12.7 WanXiang
- 12.7.1 Company Details
- 12.7.2 Forging Product Offered
- 12.7.3 WanXiang Forging Sales, Revenue, Price and Gross Margin (2017-2019)
- 12.7.4 Main Business Overview
- 12.7.5 WanXiang News
- 12.8 FAW
- 12.8.1 Company Details
- 12.8.2 Forging Product Offered
- 12.8.3 FAW Forging Sales, Revenue, Price and Gross Margin (2017-2019)
- 12.8.4 Main Business Overview
- 12.8.5 FAW News
- 12.9 Arconic
- 12.9.1 Company Details
- 12.9.2 Forging Product Offered
- 12.9.3 Arconic Forging Sales, Revenue, Price and Gross Margin (2017-2019)
- 12.9.4 Main Business Overview
- 12.9.5 Arconic News
- 12.10 Mahindra Forgings Europe
- 12.10.1 Company Details
- 12.10.2 Forging Product Offered
- 12.10.3 Mahindra Forgings Europe Forging Sales, Revenue, Price and Gross Margin (2017-2019)
- 12.10.4 Main Business Overview
- 12.10.5 Mahindra Forgings Europe News
- 12.11 Farinia Group
- 12.12 Longcheng Forging
- 12.13 Sinotruck
- 12.14 Dongfeng Forging
- 12.15 Jiangsu Pacific Precision Forging
- 12.16 Sypris Solutions
- 12.17 Ashok Leyland Limited
- 12.18 Allegheny Technologies
- 12.19 VDM Metals
- 12.20 CITIC Heavy Industries
13 Research Findings and Conclusion
Summary:
Get latest Market Research Reports on Forging . Industry analysis & Market Report on Forging is a syndicated market report, published as Global Forging Market Growth 2019-2024. It is complete Research Study and Industry Analysis of Forging market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.
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