Impression Die Forging Market to Reach $27.16 Billion, Globally, by 2022 at 40.78% CAGR, Says Allied Market Research

Allied Market Research recently published a report, titled, “Impression Die Forging Market by Component (Landing gears, Connecting rods, and Crankshafts), Order Type (Custom and Catalogue), Metal type (Steel alloys, titanium, and Nickel), End Users (Aerospace. Oil & Gas, Shipbuilding, and
Defense) and Geography (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2014–2025”. According to the report, the global impression die forging market accounted for $17.00 billion in 2015 and is estimated to reach $27.16 billion by 2025, registering the CAGR of 40.87% during the study period.

Improvement in global economic conditions, increase in end user industries, and rapid innovation have boosted the growth of the global impression die forging market. However, increase in input costs and high cost of impression die forging process hamper the market growth. On the contrary, booming commercial aerospace industry is expected to create remunerative opportunities for the market players in the coming years.

The global impression die forging market is segmented based on component type, order type, metal type, and end user industry. Based on the type of components, the market includes landing gears, connecting rods, gear blanks, crankshafts, jet engine & turbine shafts, and others. Other components segment that includes pistons, flanged connectors, axles, railway wheels, shrouds, valves, piston rods, piping products, cylinders, levers, impellers, shafts, and casing. The other component segment accounted for dominant share of the market in 2017 and is expected to maintain its position throughout the forecast period.

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Based on order type, the impression die forging market is segmented into custom forgings and catalogue forgings. Custom forgings accounted for dominant share of the market in 2017 and is estimated to grow at a CAGR of 5.31% to reach $25,254.8 million by 2025.

The impression die forging market by metal type is segmented into steel alloys, titanium alloys, iron-based heat resistant alloys, nickel based alloys, and others. Steel alloys were the most dominant metal type used in impression die forging components in 2017 and is expected to maintain this dominance over the forecast period.

Key Findings of the Impression Die Forging Market:
• Custom forgings accounted for dominant share of the market in 2017 and is estimated to grow at a CAGR of 5.31% to reach $25,254.8 million by 2025
• Oil & gas is estimated to be the most dominant end user segment in the market from 2014 to 2025
• Asia-Pacific dominated the market with 40.78% of the global market share in 2017

The key players in the market are focusing on collaborations, partnerships and product developments to remain competitive in the market. Some of the

key players in the impression die forging market include ATI, Aubert & Duval, Bharat Forge Limited, Bifrangi SpA, Bhler Schmiedetechnik GmbH & Co KG, Ellwood Group Inc., Mahindra Forgings Europe AG, Maschinenfabrik Alfing Kessler GmbH. Nippon Steel & Sumitomo Metal, Riganti Spa, SAMMI Metal Products Co. Ltd, Siderforgerossi Group S.p.A, Siepmann-Werke GmbH & Co. KG, and ULMA Lazkao Forging.

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Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

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