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Forging Market Analysis by Top Key Players AICHI STEEL, Alcoa, ATI, Bharat Forge, NIPPON STEEL & SUMITOMO METAL, ThyssenKrupp, American Axle & Manufacturing Holding

12-13-2018 06:24 AM CET | Industry, Real Estate & Construction

Press release from: Big Market Research

Forging

Forging

Global Forging Market valued approximately USD 67.88 billion in 2017 is anticipated to grow with a healthy growth rate of more than 6.32% over the forecast period 2018-2025. The major driving factor of global forging market are growing automotive industry, rising investment in the renewable energy, high strength metal components and cost effective method of metal forming.

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The major restraining factor of global forging market are increasing usage of casting or stamping process, rising demand for plastics as substitute and environmental rules & regulation and availability of light materials for automotive manufacturing. Forging refers to a process of shaping the material by applying compressive force manually by forging machines or with the use of power hammers. These forged parts include bolts, connecting rods, turbine shafts, crane hooks, hand tools, gears, and other components used in machine manufacturing. Forging process can be carried out on materials in either cold or hot state.

America and Rest of the World. Asia-Pacific has accounted the leading share with 55% in 2017 of total generating revenue across the globe due to rapid rise of construction and automotive industries in the region and continuously growing over the coming years. Europe is also contributing major share in the global market of Forging. North American region is also anticipated to exhibit higher growth rate / CAGR over the forecast period 2018-2025 due to large number of global players in the region.

Top Key Players Profiled in this Report: AICHI STEEL, Alcoa, ATI, Bharat Forge, NIPPON STEEL & SUMITOMO METAL, ThyssenKrupp, American Axle & Manufacturing Holding , Ellwood Group, Precision Castparts, FRISA, HHI Forging, General Dynamics Ordnance & Tactical Systems, Scot Forge, Sypris Solutions

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market.

The detailed segments and sub-segment of the market are explained below:

By Product:
• Rolled Rings
• Open Die
• Impression Die

By Application:
• Automotive Industry
• Aerospace Industry
• Oil & Gas industry
• Other

By Regions:
• North America
• Europe
• Asia Pacific
• Latin America
• Rest of the World

Furthermore, years considered for the study are as follows:
• Historical year 2015, 2016
• Base year 2017
• Forecast period 2018 to 2025

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Target Audience of the Global Forging Market in Market Study:

• Key Consulting Companies & Advisors
• Large, medium-sized, and small enterprises
• Venture capitalists
• Value-Added Resellers (VARs)
• Third-party knowledge providers
• Investment bankers
• Investors

Table of Content

Chapter 1.Executive Summary
1.1.Market Snapshot
1.2.Key Trends
1.3.Global & Segmental Market Estimates & Forecasts, 2015-2025 (USD Billion)
1.3.1.Forging Market, by Product, 2015-2025 (USD Billion)
1.3.2.Forging Market, by Application, 2015-2025 (USD Billion)
1.3.3.Forging Market, by Region, 2015-2025 (USD Billion)
1.4.Estimation Methodology
1.5.Research Assumption
Chapter 2.Forging Market Definition and Scope
2.1.Objective of the Study
2.2.Market Definition & Scope
2.2.1.Industry Evolution
2.2.2.Scope of the Study
2.3.Years Considered for the Study
2.4.Currency Conversion Rates
Chapter 3.Forging Market Dynamics
3.1.See Saw Analysis
3.1.1.Market Drivers
3.1.2.Market Challenges
3.1.3.Market Opportunities
Chapter 4.Forging Market Industry Analysis
4.1.Porters 5 Force Model
4.1.1.Bargaining Power of Buyers
4.1.2.Bargaining Power of Suppliers
4.1.3.Threat of New Entrants
4.1.4.Threat of Substitutes
4.1.5.Competitive Rivalry
4.1.6.Futuristic Approach to Porters 5 Force Model
4.2.PEST Analysis
4.2.1.Political Scenario
4.2.2.Economic Scenario
4.2.3.Social Scenario
4.2.4.Technological Scenario
4.3.Value Chain Analysis
4.3.1.Supplier
4.3.2.Manufacturers/Service Provider

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