Global Metal Forging Market Size is estimated to expand rapidly in coming years, at a CAGR of 8.1 % from 2018 to 2025. In 2017, the global market valuation was USD 79.5 billion, and it is anticipated to be greater than USD xx.xx billion by 2025. One of the main sources of development for boosting consumer supply is the aerospace sector. Growth is expected to contribute to an increase in aircraft manufacturing combined with increasing traveler transport.

In the metal forging sector, several modifications and developments were noted. In the medical device and aerospace industries use of metals like aluminum and titanium is becoming more prevalent as their integration enables to reduce weight and optimize efficiency. The manufacturing of aircraft parts using forging processes increases Titanium to be expected to be significantly in supply. The development of this industry is anticipated to increase owing to the factors such as the implementation of fresh products with high-performance, unique metals and R&D for fresh production techniques. In the production of complicated components, techniques like accuracy forging are also useful. Closer tolerances in dimensions and comprehensive geometric characteristics render it appropriate for the construction of critical aircraft parts. Geographically, North America region is expected to grow at the highest rate in forecast period.

Global Market Growth Opportunities (Revenue, Growth) By 2017-2025

This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global metal forging market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global metal forging market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.

Segment Analysis

By Application Insights: On the basis of application, global metal forging market has been segmented into automotive, aerospace. Among which, in terms of revenue, automotive segment is expected to be the highest growing segment in the global market of metal forging. Automotive forging components are heavier than cutting or machining components. Forging is done with components of steel, such as carbon steel, alloy metal, stainless steel and titanium. This method enables to produce components which involve little or no workmanship. This saves moment and money.

By Raw Material Insights: On the basis of raw material, global metal forging market has been segmented into carbon steel, alloy steel. Among which carbon steel segment has accounted for largest share. The cost of carbon steel is less as compared to other raw materials. As a result, carbon steel forging segment have high penetration in metal forging market.

Regional Analysis

The metal forging market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players.

As far as revenues are concerned, North America is expected to be the largest CAGR due to increasing supply from the automotive sector and the aerospace sector. In 2018 North America accounted for 18% of the worldwide business percentage of automobile manufacturing, according to the International Organization of Motor Vehicle Manufacturers. More than third of the market share in Asia Pacific in 2018 is expected to be recorded in the projection era as CAGR. China is the biggest producer and seller of branded products in the world, driving development primarily by the expansion of the manufacturing sector in China and India.

Global Metal Forging Market Size, Share Analysis by Region 2017

Global Metal Forging Market Study Objective.

1. To forecast the market size of metal forging market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

2. Market analysis and forecast of metal forging market on the basis of region, substrate, and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

3. To analyze and elaborate significant factors that will have a major impact on the growth of metal forging market, such as drivers, restraints, challenges, and opportunities.

4. The regional analysis of metal forging market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa, and the Asia Pacific.

5. Strategic analysis of micro-markets, in terms of individual prospects, opportunities, growth trends and their involvement in the overall market.

6. To provide detailed analysis of competitive and strategic developments in the metal forging market like a new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

Key Players Landscape

Arconic, ATI, Bharat Forge Ltd., Bruck GmbH, Nippon Steel and Larsen & Toubro Limited are some of the key players in the market of metal forging.

Global Metal Forging Market Study Report Offer You!

The global metal forging market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end-user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.