US Forging Market To Reach USD 110.84 Billion by 2025 Size, Share, Growth, Key Players Analysis 2027 | AICHI STEEL, Alcoa, ATI, Bharat Forge

US Forging Market to reach USD 110.84 billion by 2025.

US 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. 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. Forgings can target a lower total cost compared to casting or fabrication. Hot forging prevents the work hardening that would result from cold forging which would increase the difficulty of performing secondary machining operations on the piece. When metal is shaped during the forging process, its internal grain texture deforms to follow the general shape of the part.

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The regional analysis of Global Forging Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin 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.

During Covid-19 pandemic, the rising dependency on online services may fasten the adoption of neo banking. Covid-19 pandemic has shown a positive impact on global FORGING market growth. Thinking about the pandemic and the digital-only new normal, the extension and opportunity for neobanks to support are tremendous today. Long manual cycles, poor client experience, tedious and less productivity are a portion of the issues that neobanks have vowed to address. For instance; the World Health Organization (WHO) has encouraged people to utilize contactless installment and try not to deal with banknotes however much as much as possible. That is because of the Covid may keep on living on banknotes for quite a long time, speeding up spread of the disease.

Key Benefits for FORGING Market Reports
The analysis provides an exhaustive investigation of the global Post-Consumer FORGING market together with the future projections to assess the investment feasibility. Furthermore, the report includes both quantitative and qualitative analyses of the Post-Consumer FORGING market throughout the forecast period. The report also comprehends business opportunities and scope for expansion. Besides this, it provides insights into market threats or barriers and the impact of regulatory framework to give an executive-level blueprint the Post-Consumer FORGING market. This is done with an aim of helping companies in

Important years considered in the study are:
Historical year – 2015-2020; Base year – 2020; Forecast period** – 2021 to 2027

Some of the key players/Manufacturers involved in the Market are
• 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

Segmentation Analysis of FORGING Market

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

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

By Regions:
• North America
• U.S.
• Canada
• Europe
• UK
• Germany
• Asia Pacific
• China
• India
• Japan
• Latin America
• Brazil
• Mexico
• Rest of the World

Porter’s Analysis is another added point in the report which explains how the number of manufacturers affects the whole market scenario.

PESTLE Analysis includes a political, economic, social, technological, legal, and environmental analysis of all the regions. This analysis explains the effect of all these factors on the FORGING market.

Pricing analysis is provided in the report, which is examined in accordance with different regions and product type segments. The values for all product type segments in all the regions including North America, Latin America, Europe, Asia Pacific (APAC), and Middle East & Africa (MEA) are provided.

Why to choose Us?
1. Get a broad overview of the Global FORGING systems which would help in further FORGING research
2. Get region-specific drivers and challenges affecting the Global FORGING Market
3. Device market-entry strategies by understanding the driving factors of the market
4. Get relevant company profiles and start-up company profiles

Report Overview: It includes major players of the global FORGING market covered in the research study, research scope, market segments by type, market segments by application, years considered for the research study, and objectives of the report.

Global Growth Trends: This section focuses on industry trends where market drivers and top market trends are shed light upon. It also provides growth rates of key producers operating in the global FORGING market. Furthermore, it offers production and capacity analysis where marketing pricing trends, capacity, production, and production value of the global FORGING market are discussed.

Market Share by Manufacturers: Here, the report provides details about revenue by manufacturers, production and capacity by manufacturers, price by manufacturers, expansion plans, mergers and acquisitions, and products, market entry dates, distribution, and market areas of key manufacturers.

Market Size by Type: This section concentrates on product type segments where production value market share, price, and production market share by product type are discussed.

Market Size by Application: Besides an overview of the global FORGING market by application, it gives a study on the consumption in the global FORGING market by application.

Production by Region: Here, the production value growth rate, production growth rate, import and export, and key players of each regional market are provided.

Consumption by Region: This section provides information on the consumption in each regional market studied in the report. The consumption is discussed on the basis of country, application, and product type.

Company Profiles: Almost all leading players of the global FORGING market are profiled in this section. The analysts have provided information about their recent developments in the global FORGING market, products, revenue, production, business, and company.

Market Forecast by Production: The production and production value forecasts included in this section are for the global FORGING market as well as for key regional markets.

Market Forecast by Consumption: The consumption and consumption value forecasts included in this section are for the global FORGING market as well as for key regional markets.

Value Chain and Sales Analysis: It deeply analyzes customers, distributors, sales channels, and value chain of the global FORGING market.

Key Findings: This section gives a quick look at the important findings of the research study.

Table of Content
Chapter 1 Global FORGING Market: Summary and Quantitative Analysis
1.1Report Description
1.2Global FORGING Market Revenue Overview
1.3Global FORGING Market Revenue (USD Billion) and Growth (%) Rate, 2021- 2027
Chapter 2 Global FORGING Market: Overview and Qualitative Analysis
2.1Executive Summary
2.2Market Drivers
2.3Market Restraints
2.4Market Opportunities
2.5Market Trends
2.6Global FORGING Market: SWOT Analysis
2.7Global FORGING Market: PEST Analysis
2.8Global FORGING Market: Attractiveness Analysis
2.8.1Global FORGING Market: Attractiveness Analysis by Type
2.8.2Global FORGING Market: Attractiveness Analysis by Application
2.8.3Global FORGING Market: Attractiveness Analysis by Regional
Chapter 3 Competitive Analysis
3.1Global FORGING Market
3.1.1Global FORGING Market Revenue (USD Billion), By Players 2021
3.1.2Global FORGING Market Revenue Share (%), By Players 2021
Chapter 5 Global FORGING Market: By Types
5.1Global FORGING Market Share (%), By Types, 2021
5.2Global FORGING Market Revenue (USD Billion), By Types, 2021 – 2027
5.3Global FORGING Market Revenue (USD Billion), T1,2021-2027
5.4Global FORGING Market Revenue (USD Billion), T2,2021-2027
5.5Global FORGING Market Revenue (USD Billion), T3,2021-2027
5.6Global FORGING Market Revenue Share (%), By Types, 2021 – 2027
5.7Global FORGING Market Revenue Market Share (%), By Types, 2021-2027
Chapter 6 Global FORGING Market: By Application
Continued…

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