Global Forged And Stamped Goods Market Revenue, Demands and Gross Margin, Forecast To 2022

Forged And Stamped Goods Market - By Type (Iron And Steel Forging, Nonferrous Forging, Custom Roll Forming, Powder Metallurgy Part Manufacturing, Metal Crown, Closure, Others) Trends And Market Size, By Region, Opportunities And Strategies – Global Forecast To 2022 By The Business Research Company

The global forged and stamped goods market was worth $255.43 billion in 2018, accounting for 0.31% of the gross world product (GWP) and at a compound annual growth rate (CAGR) of more than 5.6% since 2014. Growth in the historic period resulted from high demand from the automobile manufacturing industries and economic growth in emerging economies. Factors that negatively affected growth in the historic period were volatile metal prices and unsteady demand from the machinery manufacturing industries.

The Key drivers of the forged and stamped goods market include:
High Demand For Automobiles - High demand for automobiles in the historic period proved to be a driver for the forged and stamped goods market. In 2017, the double digit increase in the consumer demand for automobiles in emerging economies such as Russia, Thailand and Argentina comparing to the number in 2016 increased the sales of automobiles by 2.4% despite offset declines in significant markets such as the USA, the UK, Mexico and South Korea. The automotive industry is the major end-user industry of the forged and stamped goods market as major components in automobiles such as rods, transmission shafts and gears, differential gears, drive shafts, clutch hubs, and universal joints are forged from metals such as steel, iron and aluminum. The rise in the demand for automobiles in developing countries within the Asia-Pacific, Eastern Europe and Latin America regions drove the market for forged and stamped goods.

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Forged And Stamped Goods Market Segmentation:
The forged and stamped goods market is segmented by product type, by end use Industry, and by geography.
By Product Type – The forged and stamped goods market can be segmented by product type into
a) Iron and Steel Forging
b) Nonferrous Forging
c) Custom Roll Forging
d) Powder Metallurgy Part Manufacturing
e) Metal Crown, Closure, And other Metal Stamping

By End Use Industry - The forged and stamped goods market can be segmented by the end use Industry into
a) Automotive
b) Construction
c) Food& Beverages Packaging
d) Machinery
e) Metal Products
f) Others

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By Geography - The forged and stamped goods market is segmented into
1.North America
2.Western Europe
3.Asia Pacific
4.Eastern Europe
5.South America
6.Middle East
7.Africa

Some of the major key players involved in forged and stamped goods market are
• Thyssenkrupp AG
• Arcelor Mittal AG
• American Axle & Manufacturing Holdings
• Precision Castparts
• Allegheny Technologies Incorporated (ATI)

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