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Metal Forging Market – Ansteel Vigano' Srl., Arconic, ATI., Bharat Forge, Bruck GmbH, ELLWOOD Group Inc., JAPAN CASTING & FORGING CORP, Hilton Metal Forging Ltd., Ace Forge pvt. ltd., L. A. Weiss, Chauhan Metal Forging Works., Drop Forging, Trenton Forg

09-04-2019 02:27 PM CET | IT, New Media & Software

Press release from: Data Bridge Market Research

/ PR Agency: Data Bridge Market Research
Metal Forging Market growth

Metal Forging Market growth

This Metal Forging report focuses on the current market progress and the competitive scope, challenges, opportunity, cost, limits, risk and more. It exhibits a detailed division of the market by the end client and by regions such as North America, South America, Asia pacific region, Middle east and Africa and Europe. This Metal Forging report studies the market status and forecast , also categorizes the global market size, revenue, product price by manufacturers, type , application and region. It commits the different factors affecting industry such as market environment, past data and market trends, technological advancements, market restraints and challenges in the industry.

Global Metal Forging Market is set to witness a substantial CAGR of 7.75% in the forecast period of 2019- 2026. The report contains data of the base year 2018 and historic year 2017. Rising production of aircraft and increasing passenger traffic are the factors for the growth of this market.

Market Definition: Global Metal Forging Market
Forging is a process which uses different comprehensive forces so that it can shape the metals. Carbon steel, stainless steel, titanium, aluminium, magnesium and other are some of the common raw materials of the metal forging. Metal forging usually increase the strength of the material by closing the empty spaces and blocking the cracks. They also remove the inclusion in the part which is forged by breaking the impurities and redistributing it in the metal work. They are widely used in applications such as oil and gas, construction, automotive, agriculture and others.

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Market Drivers:
• Increasing demand from automotive sector will drive the market growth
• Growth of aerospace and defense sector will also propel the market growth
• Rising demand of titanium for the production of aircraft components will also enhance the growth of this market
• Increasing demand for crude steel will also accelerate the market growth

Segmentation: Global Metal Forging Market

By Raw Material
o Carbon Steel
o Alloy Steel
o Aluminum
o Magnesium
o Stainless Steel
o Titanium
o Others

By Application
o Automotive
o Aerospace
o Oil & Gas
o Construction
o Agriculture
o Others

By Geography
• North America
• Europe
• Asia-Pacific
• South America
• Middle East and Africa

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Key Developments in the Market:
• In September 2018, Ohio Star Forge (OSF) announced that they completed the addition of 15,000 square feet to its building for a new machining division. The company now have five forging machines and around 120 employees. The company provide forgings to the industries such as automotive, oil & gas and others

• In November 2016, Bharat Forge announced that they have acquired Walker Forge Tennessee so that they can expand their portfolio in the U.S. This acquisition will help the company to provide their products in the industries such as construction, mining, commercial vehicles and other industries and enhance their presence in North America

Competitive Analysis:
Global metal forging market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of metal forging market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

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Key Market Competitors:
Few of the major competitors currently working in the global metal forging market are Ansteel Vigano' Srl., Arconic, ATI., Bharat Forge, Bruck GmbH, ELLWOOD Group Inc., JAPAN CASTING & FORGING CORP, Hilton Metal Forging Ltd., Ace Forge pvt. ltd., L. A. Weiss, Chauhan Metal Forging Works., Drop Forging, Trenton Forging, Pradeep Metals Limited, A V Steel Forgings, Green Bay Drop Forge, Advance Forgings, CALMET, Shree Siddheshwari Metal Forging Pvt. Ltd, Viking Forge, LARSEN & TOUBRO LIMITED, Precision Castparts Corp and others.

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About Us
Data Bridge Market Research is a versatile market research and consulting firm with over 500 analysts working in different industries. We have catered more than 40% of the fortune 500 companies globally and have a network of more than 5000+ clientele around the globe. Our coverage of industries include Medical Devices, Pharmaceuticals, Biotechnology, Semiconductors, Machinery, Information and Communication Technology, Automobiles and Automotive, Chemical and Material, Packaging, Food and Beverages, Cosmetics, Specialty Chemicals, Fast Moving Consumer Goods, Robotics, among many others.
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